Slide 1: eQ Plc – result Q3/2020
eQ Plc – result Q3/2020 - result presentation 27 October 2020
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-9/2020 1-9/2019 Change 1-12/2019 Net revenue 36.6 35.0 5% 50.5 Operating profit 19.2 17.9 8% 26.3 Profit for the period 15.4 14.3 8% 21.0 Earnings per share (EUR) 0.40 0.38 7% 0.55 Cost income -ratio, % 47.3 48.9 -3% 48.1 Liquid assets 23.0 18.8 22% 31.3 Investme
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 58,0 32,0 27,6 52,2 27.0 51.1 51,6 25.3 27,0 50.6 26,3 49.7 23.9 47.3 47.8 27,0 23.3 48,0 45.4 22.4 44.5 22.4 42.3 20.9 40.7 40.9 20.3 20.1 22,0 36.0 38,0 35.4 35.4 35.
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 9/2020 12/2019 (EUR million) 9/2020 12/2019 Liquid assets 0.0 0.1 Other liabilities 4.8 4.8 Claims on credit institutions 13.1 22.3 Accruals and deferred income 10.0 12.1 Financial assets Lease liabilities 2.2 2.6 Financial securit
Slide 5: Asset Management
Asset Management
Slide 6: SFR-research 2020
SFR-research 2020 Most used institutional asset managers Quality review (1-5) 0% 20% 40% 60% 80% 3,00 3,20 3,40 3,60 3,80 4,00 eQ 66% eQ 3,90 2 66% 3 61% 4 50% 2 3,86 5 46% 6 44% 3 3,86 7 36% 8 31% 4 3,81 9 27% 10 21% 5 3,75 11 17% 12 14% 13 13% 6 3,68 14 11% 15 11% 7 3,54 16 11% 17 9% 8 3,50 18 8%
Slide 7: Asset Management – Income statement
Asset Management – Income statement EUR million 1-9/2020 1-9/2019 Change 1-12/2019 NET REVENUE 34.6 31.8 9% 44.3 Personnel expenses -11.6 -11.2 3% -15.6 Other administrative expenses -1.0 -1.2 -17% -1.7 Depreciation -0.6 -0.5 16% -0.7 Other operating expenses -0.7 -0.7 -1% -1.0 OPERATING PROFIT 20.8
Slide 8: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum EUR million 1-9/2020 1-9/2019 Change 1-12/2019 Management fees – Traditional AM 5.9 5.9 0% 8.0 Management fees – Real-estate and PE 28.1 23.5 20% 32.1 Other fees 0.1 0.1 -9% 0.3 Performance based fees 0.8 2.5 -69% 4.4 TOTAL 35.0 32.1 9% 44.7 Assets under managem
Slide 9: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net revenue development, rolling 12 months (€’m)) Operating profit development, rolling 12 months (€’m) 47,1 28,0 46,1 45,3 27,0 44,3 26,5 41,6 25,4 40,0 38,4 23,3 37,3 21,8 35,4 36,7 33,934,4 20,0 20,5 18,8 19,5 29,6 30,5 18,018,3 27,5 25,6 15,7 14,9 24,2 21,7 2
Slide 10: Asset Management – Mutual funds
Asset Management – Mutual funds Gross returns 30.9.2020 3 months Beginning of the year 3 years p.a. 5 years p.a. Morningstar Morningstar – Fund Return* Comparison Diff. Return* Comparison Diff. Return* Comparison Diff. Return* Comparison Diff. eQ is the Best Equity Fixed Income Funds Fund House 2020
Slide 11: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Care eQ Finnish Real Estate Invests in modern care properties Invests in commercial real estate Avg. lease maturity: 10 years, vacancy 1 % Avg. lease maturity: 5 years, vacancy 7 % Invested capital: € 1 338m Invested capital: € 1085m Equity (N
Slide 12: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2020 eQ PE SF III €162m Investing 47 2020 eQ PE XII North €190m Investing 76 2019 eQ PE XI US $217m Investing 90 2018 eQ PE SF II €135m Fully invested 23 2018 eQ PE X North €175m Fully invested 85 Repo
Slide 13: Corporate Finance
Corporate Finance
Slide 14: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed some 200 transactions for a value of about 20 billion euro 14 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate tran
Slide 15: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 15
Slide 16: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 9,7 5,0 9,1 9,1 4,6 4,5 7,9 7,7 7,7 7,1 7,1 3,7 6,8 6,9 7,0 3,6 3,6 3,4 6,3 5,9 6,2 3,2 3,3 3,2 3,2 5,4 5,3 5,3 2,9 5,2 2,7 4,8 4,8 2,6 4,5 4,5 4,2 4,4 4,6 3,8 2,0 1
Slide 17: Investments
Investments
Slide 18: Investments – Key figures
Investments – Key figures EUR million 1-9/2020 1-9/2019 1-12/2019 Returned capital (excl. profit) 0.7 1.6 2.3 Distribution of profits 0.1 1.0 1.8 Capital calls -1.0 -1.7 -2.4 Net cash flow -0.2 0.8 1.7 Market value 15.8 16.4 16.2 Investment commitments 7.7 7.4 6.7 Profit and loss Distribution of pro
Slide 19: eQ’s share, outlook and summary
eQ’s share, outlook and summary
Slide 20: Share price development and trading volume
Share price development and trading volume 300 000 15,00 250 000 13,00 200 000 11,00 150 000 9,00 100 000 7,00 5,00 50 000 3,00 0 Volyme, pcs eQ Plc OMXH The Market value of eQ Plc was 497.6 million euro on 30 Sep 2020 (476.9 M€ 31 Dec 2020). During the reporting period, 2 189 395 shares were tr
Slide 21: Shareholders 30 September 2020
Shareholders 30 September 2020 Shareholder Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 943 137 20.51 8 000 2 Anchor Oy Ab 6 048 677 15.62 7 000 3 Chilla Capital S.A. 5 945 275 15.35 4 Teamet Oy 4 100 000 10.59 6 000 5 Oy Cevante Ab 1 419 063 3.66 6 Fazer Jan Peter 1
Slide 22: Outlook
Outlook The outlook for the financial year is still unaltered, and we expect the net revenue and operating profit of the Asset Management segment to grow from the previous year. After the period under review, the eQ Care Fund signed an agreement on divesting 55 properties for about EUR 222 million.
Slide 23: Summary and next financial reporting
Summary and next financial reporting EUR million 1-9/2020 1-9/2019 Change 1-12/2019 Net revenue 36.6 35.0 5% 50.5 Operating profit 19.2 17.9 8% 26.3 Profit for the period 15.4 14.3 8% 21.0 Earnings per share (EUR) 0.40 0.38 7% 0.55 Cost income -ratio, % 47.3 48.9 -3% 48.1 Liquid assets 23.0 18.8 22%