Slide 1: eQ Plc – Result Q3 2023
eQ Plc – Result Q3 2023 Result presentation 24 October 2023 03/11/2023 1
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-9/2023 1-9/2022 Change 7-9/2023 7-9/2022 Change 1-12/2022 Net revenue 52.3 64.2 -18 % 16.6 20.1 -18 % 77.8 Operating profit 30.0 39.5 -24 % 10.2 12.4 -18 % 45.7 Profit for the period 23.8 31.4 -24 % 8.1 9.8 -18 % 363 Earnings per share (EUR) 0.59 0.79 -25 % 0.20 0.24 -1
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, Operating profit development, rolling 12 months, MEUR rolling 12 months, MEUR 65.9 36.2 100,0 60,0 45,7 90,0 50,0 80,0 70,0 40,0 60,0 50,0 30,0 40,0 20,0 30,0 20,0 10,0 10,0 0,0 0,0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/1
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet Liquid assets ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 9/2023 12/2022 9/2023 12/2022 22.4 MEUR Liquid assets 0.0 0.0 Other liabilities 7.8 6.8 Claims on credit institutions 18.0 23.7 Accruals and deferred income 9.9 16.6 Private equity and real Lease liabilities 5.2 5.6 e
Slide 5: Asset Management
Asset Management 03/11/2023 eQ Plc Result presentation Q3 2023 5
Slide 6: Asset Management – Income statement
Asset Management – Income statement MEUR 1-9/2023 1-9/2022 Change 7-9/2023 7-9/2022 Change 1-12/2022 NET REVENUE 50.3 58.6 -14 % 15,9 18,5 -14 % 71,8 Personnel expenses -15.4 -17.3 -11 % -4.4 -5.4 -18 % -22.0 Other administrative -1.3 -1.3 5% -0.4 -0.4 -3 % -1.8 expenses Depreciation -0.8 -0.6 23 %
Slide 7: Asset Management – Fee income change
Asset Management – Fee income change Asset management fee income change -8.2 MEUR / -14 % Traditional Real Estate -0.7 MEUR / -9 % Private Equity -7.8 MEUR / -23 % 0.2 MEUR / 1 % 03/11/2023 eQ Plc Result presentation Q3 2023 7
Slide 8: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum MEUR 1-9/2023 1-9/2022 Change 7-9/2023 7-9/2022 Change 1-12/2022 Management fees Traditional asset management 6,6 7,3 -9 % 2,2 2,3 -3 % 9,4 Real estate asset management 27,0 25,8 5% 8,7 9,0 -3 % 35,1 Private equity asset management 13,1 12,6 4% 4,4 4,4 1% 16,9 M
Slide 9: Asset Management – Rolling 12 months
10 20 30 40 60 70 80 50 0 Q4/13 Q1/14 03/11/2023 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 rolling12 months, MEUR Q4/17 Q1/18 eQ Plc Result presentation Q3 2023 Q2/18 Net revenue development, Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21
Slide 10: Asset Management – Traditional funds
Asset Management – Traditional funds Gross return 30.09.2023 3 months Since beginning of the year 3 years p.a. Morning- Fund Return Comp. Diff. Return Comp. Diff. Return Comp. Diff. star Fixed income Funds eQ Euro Short Term 0,95 % 2,34 % 0,69 % eQ Floating Rate 1,26 % 0,85 % 0,41 % 4,37 % 2,00 % 2,
Slide 11: Asset Management – Real Estate funds
Asset Management – Real Estate funds eQ Community Properties eQ Commercial Properties eQ Residential • Invests in modern care properties and social • Invests in commercial real estate • Closed-end fund only for professional investors – infrastructure properties invests in residential properties • Av
Slide 12: Asset Management – Private Equity
Asset Management – Private Equity AUM total 3.0 bn EUR Fundraising, MEUR Vintage Fund Size Stage Fund of funds – Northern Europe 500 2022 eQ PE XIV North 288 MEUR Investing 2020 eQ PE XII North 205 MEUR Fully invested 450 2018 eQ PE X North 175 MEUR Fully invested 2016 eQ PE VIII North 160 MEUR Full
Slide 13: Corporate Finance
Corporate Finance 03/11/2023 eQ Plc Result presentation Q3 2023 13
Slide 14: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 03/11/2023 eQ Plc Result presentation Q3 2023 14
Slide 15: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-9/2023 1-9/2022 Change 7-9/2023 7-9/2022 Change 1-12/2022 NET REVENUE 1.2 4.3 -72 % 0.3 1.4 -77 % 5.4 Personnel expenses -1.6 -2.3 -29 % -0.4 -0.7 -40 % -2.9 Other administrative expenses -0.3 -0.3 -15 % -0.1 -0.1 -57 % -0.4 Depreciation -0.1 -0.1 -1 % -0.0 -0.
Slide 16: Investments
Investments 03/11/2023 eQ Plc Result presentation Q3 2023 16
Slide 17: Investments – Key figures
Investments – Key figures MEUR 1-9/2023 1-9/2022 7-9/2023 7-9/2022 1-12/2022 • During the period under Returned capital (excl. profit) 1.2 2.7 0.6 1.1 2.9 review, eQ Plc made a USD Distribution of profits 0.6 1.3 0.2 0.8 2.0 1.0 million investment Capital calls -1.5 -1.7 -0.4 -0.6 -2.1 commitment in
Slide 18: eQ’s share, outlook and summary
eQ’s share, outlook and summary 03/11/2023 eQ Plc Result presentation Q3 2023 18
Slide 19: Share price development and market cap
Share price development and market cap 35,00 • The market capitalisation of eQ 30,00 Plc was EUR 712.9 million (EUR 1,028.9 million 31 Dec 2022) at 25,00 the end of the period under review. 20,00 • During the period, 813,761 shares were traded on Nasdaq 15,00 Helsinki (1 638,918 shares from 1 Jan. t
Slide 20: Shareholders 30 September 2023
Shareholders 30 September 2023 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 962 605 19,55 2 Rettig Group Oy Ab 6 206 706 15,24 9 000 8 448 8 277 3 Chilla Capital S.A. 6 165 904 15,14 7 883 8 000 4 Teamet Oy 4 250 000 10,43 7 261 5 Oy Cevante Ab 1 419 063 3,48 7 000 6
Slide 21: Outlook
Outlook As for sales, the year 2023 has been good in private equity asset management. In September 2023, the eQ PE XV US private equity fund grew to USD 277 million in its fourth closing. This strengthens our view that demand will continue to be strong among investors, above all for private equity i
Slide 22: Summary
Summary MEUR 1-9/2023 1-9/2022 Change 7-9/2023 7-9/2022 Change 1-12/2022 Net revenue 52.3 64.2 -18 % 16.6 20.1 -18 % 77.8 Operating profit 30.0 39.5 -24 % 10.2 12.4 -18 % 45.7 Profit for the period 23.8 31.4 -24 % 8.1 9.8 -18 % 363 Earnings per share (EUR) 0.59 0.79 -25 % 0.20 0.24 -19 % 0.91 Cost/i
Slide 23: Financial statements release 2023 to be published 6 February 2024
eQ Plc financial statements release 2023 will be published on Tuesday 6 of February 2024 03/11/2023 eQ Plc Result presentation Q3 2023 23