Slide 1: eQ Plc – Half year result 2023
eQ Plc – Half year result 2023 Result presentation 8 August 2023 11.08.2023 1
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-6/2023 1-6/2022 Change 4-6/2023 4-6/2022 Change 1-12/2022 Net revenue 35.7 44.0 -19 % 18.0 22.4 -20 % 77.8 Operating profit 19.8 27.1 -27 % 9.8 14.1 -30 % 45.7 Profit for the period 15.7 21.5 -27 % 7.8 11.2 -30 % 36.3 Earnings per share (EUR) 0.39 0.54 -28 % 0.19 0.28 -
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, Operating profit development, rolling 12 months, MEUR 69.5 rolling 12 months, MEUR 38.5 98,0 67,0 77,8 88,0 45,7 57,0 78,0 68,0 47,0 58,0 37,0 48,0 27,0 38,0 28,0 17,0 18,0 7,0 8,0 -2,0 -3,0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet Liquid assets ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 6/2023 12/2022 6/2023 12/2022 12.8 MEUR Liquid assets 0.1 0.0 Other liabilities 6.6 6.8 Claims on credit institutions 12.3 23.7 Accruals and deferred income 8.8 16.6 Private equity and real Lease liabilities 5.2 5.6 e
Slide 5: Asset Management
Asset Management 11.08.2023 EQ PLC RESULT PRESENTATION 5
Slide 6: Asset Management – Income statement
Asset Management – Income statement MEUR 1-6/2023 1-6/2022 Change 4-6/2023 4-6/2022 Change 1-12/2022 NET REVENUE 34.4 40.1 -14 % 17.3 20.5 -16 % 71.8 Personnel expenses -11.0 -12.0 -8 % -5.8 -6.0 -4 % -22.0 Other administrative -0.9 -0.8 9% -0.4 -0.4 9% -1.8 expenses Depreciation -0.5 -0.4 34 % -0.3
Slide 7: Asset Management – Fee income change
Asset Management – Fee income change Asset management fee income change -5.7 MEUR / -14 % Traditional Real estate -0.6 MEUR / -12 % Private Equity -5.6 MEUR / -23 % 0.5 MEUR / 5 % 11.08.2023 EQ PLC RESULT PRESENTATION 7
Slide 8: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum MEUR 1-6/2023 1-6/2022 Change 4-6/2023 4-6/2022 Change 1-12/2022 Management fees Traditional asset management 4.3 5.0 -12 % 2.2 2.4 -8 % 9.4 Real estate asset management 18.3 16.8 9% 9.1 8.6 6% 35.1 Private equity asset management 8.7 8.2 6% 4.5 4.3 4% 16.9 Mana
Slide 9: Asset Management – Rolling 12 months
10 20 30 40 60 70 80 50 0 Q4/13 Q1/14 Q2/14 11.08.2023 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 rolling 12 months, MEUR Q4/17 Q1/18 Net revenue development, Q2/18 Q3/18 Q4/18 EQ PLC RESULT PRESENTATION Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q
Slide 10: Asset Management – Traditional funds
Asset Management – Traditional funds Gross return 30.06.2023 3 months Beginning of the year 3 years p.a. Morning- Fund Return Comparison Diff Return Comparison Diff Return Comparison Diff star Fixed income Funds eQ Euro Short Term 0,79 % 1,38 % 0,39 % eQ Floating Rate 1,59 % 0,71 % 0,89 % 3,07 % 1,1
Slide 11: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Community Properties eQ Commercial Properties eQ Residential • Invests in modern care and social infrastructure • Invests in commercial real estate • Closed-end fund only for professional investors – properties invests in residential properties • Avg. lease
Slide 12: Asset Management – Private Equity
Asset Management – Private Equity AUM total EUR 2.9 bn EUR Annual fundraising, MEUR Vintage Fund Size Stage Fund of funds – Northern Europe 2022 eQ PE XIV North 288 MEUR Investing 500 2020 eQ PE XII North 205 MEUR Fully invested 2018 eQ PE X North 175 MEUR Fully invested 450 2016 eQ PE VIII North 16
Slide 13: Corporate Finance
Corporate Finance 11.08.2023 EQ PLC RESULT PRESENTATION 13
Slide 14: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 11.08.2023 EQ PLC RESULT PRESENTATION 14
Slide 15: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-6/2023 1-6/2022 Change 4-6/2023 4-6/2022 Change 1-12/2022 NET REVENUE 0.9 2.9 -70 % 0.4 1.1 -62 % 5.4 Personnel expenses -1.2 -1.6 -25 % -0.6 -0.7 -17 % -2.9 Other administrative expenses -0.2 -0.2 21 % -0.1 -0.1 0% -0.4 Depreciation -0.1 -0.1 -2 % -0.0 -0.0 -2
Slide 16: Investments
Investments 11.08.2023 EQ PLC RESULT PRESENTATION 16
Slide 17: Investments – Key figures
Investments – Key figures MEUR 1-6/2023 1-6/2022 4-6/2023 4-6/2022 1-12/2022 • During the period under review, eQ Plc made a USD Returned capital (excl. profit) 0.6 1.6 0.2 1.4 2.9 1.0 million investment Distribution of profits 0.3 0.5 0.1 0.0 2.0 Capital calls -1.2 -1.2 -0.8 -0.6 -2.1 commitment in
Slide 18: eQ’s share, outlook and summary
eQ’s share, outlook and summary 11.08.2023 EQ PLC RESULT PRESENTATION 18
Slide 19: Share price development and market cap
Share price development and market cap 35,00 • The market capitalisation of eQ Plc was EUR 694.7 million (EUR 30,00 1,028.9 million 31 Dec 2022) at the end of the period under review. 25,00 • During the period, 654,365 shares were traded on Nasdaq Helsinki 20,00 (1 224,101 shares from 1 Jan. to 15,0
Slide 20: Shareholders 30 June 2023
Shareholders 30 June 2023 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 962 605 19.60 2 Rettig Group Oy Ab 6 206 706 15.28 9 000 8 454 3 Chilla Capital S.A. 6 165 904 15.18 8 277 7 883 8 000 4 Teamet Oy 4 250 000 10.46 7 261 5 Oy Cevante Ab 1 419 063 3.49 7 000 6 Fazer
Slide 21: Outlook
Outlook As for sales, the year 2022 was very good for eQ Asset Management. In June 2023, the eQ PE XV US private equity fund grew to USD 263 million in its third closing. This strengthens our view that demand will continue to be strong among investor, above all for private equity investment products
Slide 22: Summary
Summary MEUR 1-6/2023 1-6/2022 Change 4-6/2023 4-6/2022 Change 1-12/2022 Net revenue 35,7 44,0 -19 % 18,0 22,4 -20 % 77,8 Operating profit 19,8 27,1 -27 % 9,8 14,1 -30 % 45,7 Profit for the period 15,7 21,5 -27 % 7,8 11,2 -30 % 36,3 Earnings per share 0,39 0,54 -28 % 0,19 0,28 -32 % 0,91 (EUR) Cost/
Slide 23: Q3 2023 interim report release
eQ Plc Q3 2023 interim report will be released on Tuesday 24 October 2023 11.08.2023 EQ PLC RESULT PRESENTATION 23