Slide 1: eQ Plc – result Q3 2022
eQ Plc – result Q3 2022 Result presentation 25 October 2022
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-9/2022 1-9/2021 Change 7-9/2022 7-9/2021 Change 1-12/2021 Net revenue 44.2 57.8 11 % 20.1 20.9 -4 % 78.9 Operating profit 39.5 35.0 13 % 12.4 13.8 -11 % 47.7 Profit for the period 31.4 28.0 12 % 9.8 11.1 -11 % 38.1 Earnings per share (EUR) 0.79 0.71 10 % 0.24 0.28 -13 %
Slide 3: eQ Group – Profit development
eQ Group – Profit development Excellent development for several years Net revenue development, MEUR Operating profit development, MEUR 90,0 60,0 78,9 80,0 50,0 47,7 70,0 64,2 57,8 39,5 60,0 56,7 40,0 35,0 50,6 50,0 30,8 45,4 40,7 30,0 26,3 40,0 22,4 20,1 30,0 20,0 20,0 10,0 10,0 0,0 0,0 2017 2018 20
Slide 4: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months, MEUR Operating profit development, rolling 12 months, MEUR 98,0 67,0 88,0 85.3 57,0 52.1 78,0 68,0 47,0 58,0 37,0 48,0 38,0 27,0 28,0 17,0 18,0 8,0 7,0 -2,0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/1
Slide 5: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 9/2022 12/2021 9/2022 12/2021 Liquid assets 0.0 0.1 Other liabilities 6.5 6.3 Claims on credit institutions 20.0 35.1 Accruals and deferred income 14.3 19.1 Lease liabilities 6.0 1.2 Financial assets Income tax liabilities 1.5 4.2
Slide 6: Asset Management
Asset Management
Slide 7: Asset Management – Income statement
Asset Management – Income statement MEUR 1-9/2022 1-9/2021 Change 7-9/2022 7-9/2021 Change 1-12/2021 NET REVENUE 58.6 48.5 21 % 18.5 17.6 5% 64.9 Personnel expenses -17.4 -15.9 9% -5.4 -5.0 6% -21.2 Other administrative expenses -1.3 -1.1 14 % -0.4 -0.4 16 % -1.6 Depreciation -0.6 -0.6 7% -0.2 -0.2
Slide 8: Asset Management – Fee income, change
Asset Management – Fee income, change Asset management fee income change, MEUR Total 10.1 MEUR / 21 % PE Real Estate 4.4 MEUR / 33 % Traditional -3.5 MEUR / -33 % 9.5 MEUR / 38 % 8
Slide 9: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum MEUR 1-9/2022 1-9/2021 Change 7-9/2022 7-9/2021 Change 1-12/2021 Management fees Traditional asset management 7.3 7.9 -8 % 2.3 2.8 -16 % 10.6 Real estate asset management 25.8 21.3 21 % 9.0 7.4 22 % 29.1 Private equity asset management 12.6 10.3 22 % 4.4 3.4 31
Slide 10: Asset Management – Rolling 12 months
10 20 30 40 50 60 70 80 0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Net revenue development, rolling 12 months, MEUR Q1/22 Q2/22 Q3/22 74.9 10 2
Slide 11: Asset Management – Traditional AM mutual funds
Asset Management –Traditional AM mutual funds Traditional funds managed by eQ Gross returns 30 September 2022 3 years Beginning of the year 3 years p.a. 5 years p.a. Morning- Fund Return Comparison Return Comparison Return Comparison Return Comparison star Fixed income Funds eQ Euro Short Term 0,02
Slide 12: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Community Properties eQ Commercial Properties eQ Residential Open-end real estate funds - invests in modern Open-end real estate funds - invests in Closed-end fund only for professional investors – care properties commercial real estate invests in res
Slide 13: Asset Management – Private Equity
Asset Management – Private Equity Private Equity, Venture Capital and Private Credit funds – Fundraising, MEUR Aum 2.7 Bn. EUR Vintage Fund Size Stage 500 Fund of funds – North Europe 450 2022 eQ PE XIV North 277 MEUR 9/2022 closing 2020 eQ PE XII North 205 MEUR Fully invested 400 2018 eQ PE X North
Slide 14: Corporate Finance
Corporate Finance
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, MEUR Operating profit development, rolling 12 months, MEUR 12 6 10 5 7.5 8 4 3.1 6 3 4 2 2 1 0 0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q
Slide 17: Investments – Key figures
Investments – Key figures MEUR 1-9/2022 1-9/2021 7-9/2022 7-9/2021 1-12/2021 Returned capital (excl. profit) 2.7 3.3 1.1 1.0 3.5 Distribution of profits 1.3 2.2 0.8 0.5 3.2 Capital calls -1.7 -1.7 -0.6 -0.3 -2.6 Net cash flow 2.3 3.7 1.3 1.2 4.1 Market value 18.0 17.6 18.0 17.6 18.8 Investment commi
Slide 18: eQ’s share, outlook and summary
eQ’s share, outlook and summary
Slide 19: Share price development and market cap
Share price development and market cap 35,00 30,00 25,00 20,00 15,00 10,00 5,00 0,00 eQ Oyj OMXH The market cap of eQ Plc was 929.9 million euro 30 September 2022 (1 020.5 M€ 31 Dec 2021). During the period, 1,638,918 shares were traded on Nasdaq Helsinki (1,617,094 shares from 1 Jan. to 30 Sept
Slide 20: Shareholders 30 September 2022
Shareholders 30 September 2022 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 962 605 19,69 9 000 2 Anchor Oy Ab 6 206 706 15,35 8 000 3 Chilla Capital S.A. 6 165 904 15,25 4 Teamet Oy 4 200 000 10,39 7 000 5 Oy Cevante Ab 1 419 063 3,51 6 000 6 Fazer Jan 1 314 185 3,25
Slide 21: 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. In accordance with our disclosure policy, we do not issue profit guidance for the Corporate Finance and Investments segmen
Slide 22: Summary and next financial reporting
Summary and next financial reporting EUR million 1-9/2022 1-9/2021 Change 7-9/2022 7-9/2021 Change 1-12/2021 Netrevenue 64.2 57.8 11 % 20.1 20.9 -4 % 78,9 Operating profit 39.5 35.0 13 % 12.4 13.8 -11 % 47,7 Profit for the period 31.4 28.0 12 % 9.8 11.1 -11% 38,1 Earnings per share (EUR) 0.79 0.71 1