Slide 1: Catella Q1 Investor Presentation
CATELLA Q1 Investor Presentation MAY 9 , 2 0 2 5
Slide 2: Today's presenters
Catella | Interim Report January – March 2025 Today’s presenters Daniel Gorosch Michel Fischier Interim CEO CFO P.2
Slide 3: Catella at a glance
Catella | Interim Report January – March 2025 Catella | Townhall Madrid Catella at a glance Your sustainable investment partner – together building the link between property and capital SEK 148 Bn SEK 2.2 Bn ASSETS UNDER LTM MANAGEMENT REVENUE OPERATIONS IN 12 483 EUROPEAN EMPLOYEES COUNTRIES 3
Slide 4: Leading European group in property and alternative investments
Catella | Interim Report January – March 2025 Leading European group in property and alternative investments Investment highlights 2% 13% CREATING LONG-TERM PROFITABLE AND STABLE RECURRING VALUE THROUGH GROWTH NET REVENUES SUSTAINABILITY 67% 67% Three business areas delivering Delivery on long-term
Slide 5: Group Key Highlights
GROUP KEY HIGHLIGHTS CATELLA
Slide 6: European quarterly transaction volumes (€ bn) - LTM
Catella | Interim Report January – March 2025 European quarterly transaction volumes (€ bn) - LTM 400 Comments Slightly higher volumes compared to 350 LY (+4%) Largest increase seen in the 300 Residential segment (+22% ) LTM figures supporting a continuous 250 market recovery Smaller markets
Slide 7: Key financial and operational highlights – Q1 2025
Catella | Interim Report January – March 2025 Key financial and operational highlights – Q1 2025 PRINCIPAL CORPORATE CATELLA GROUP INVESTMENT MANAGEMENT INVESTMENTS FINANCE Net revenue* Small but positive AUM growth Sale of Kaktus Towers Modest increase in transaction volumes reflected in unch
Slide 8: Our Key Priorities to simplify, reduce risks and grow
Catella | Interim Report January – March 2025 Our Key Priorities to simplify, reduce risks and grow De-concentrate and re-focus Principal Investments by optimizing the existing portfolio and implement a new strategic direction for investments. Improve profitability within Corporate Finance and put a
Slide 9: Investment Management
INVESTMENT MANAGEMENT
Slide 10: Inflows exceed outflows, FX main driver behind AUM decrease
Catella | Interim Report January – March 2025 Inflows exceed outflows, FX main driver behind AUM decrease AUM (SEK Bn) Total revenue LTM (SEK M) LTM AUM (SEK Bn) 17,3 -8,6 160 1 500 -3,4 *** 151,3 -8,5 148,1 140 1 300 120 1 100 ** 100 900 Q1-24 Inflows Outflows Revaluations Currency Q1-25 80 * 700 Q
Slide 11: Stable fixed fees but limited transaction-based fees
Catella | Interim Report January – March 2025 Stable fixed fees but limited transaction-based fees Stability in fixed fees SEK M Q1 2025 Q1 2024 Change. % Decreases transaction activity reflected in first quarter transaction-based fees Property Funds** 185 194 -5% Asset Management** 72 72 0% 500
Slide 12: Principal Investments
PRINCIPAL INVESTMENTS
Slide 13: Agreement to sell Kaktus and continued progress in current projects
Catella | Interim Report January – March 2025 Agreement to sell Kaktus and continued progress in current projects Invested equity, project IRR and targets Investment Projects Current status Long term Target Catella invested equity Denmark (Direct Investment) 1.8 1.5 (SEK Bn) Residential. Kaktus, C
Slide 14: Corporate Finance
CORPORATE FINANCE
Slide 15: Revenue and results of operations
Catella | Interim Report January – March 2025 Revenue and results of operations KEY TAKE-AWAYS SEK M Q1 2025 Q1 2024 Change % Slow transaction activity leaving top-line broadly unchanged Total revenue 73 69 6% Restructuring costs of 7 million impacting the quarter but increases efficiency going
Slide 16: Financials
FINANCIALS
Slide 17: YoY EBIT bridge
Catella | Interim Report January – March 2025 YoY EBIT bridge EBIT BRIDGE 30 -48M 20 +5M IT costs related to restructuring 10 Severance Costs -4 9 Fund Investments 4 0 -7 Transaction-based revenues in -12 -10 Investment Management -20 -13 -44 Inclusion of sold projects -30 -17 -40 -50 2025 Q1 2025 Q
Slide 18: Financial summary
Catella | Interim Report January – March 2025 Financial summary Investment Principal Corporate Other & Management Investments Finance Eliminations Group Var’ Q1’25 SEK M Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 vs Q1’24 Total revenue 239 244 33 117 73 69 -5 -5
Slide 19: Catella has a strong recovery profile, with a large net cash position
Catella | Interim Report January – March 2025 Catella has a strong recovery profile, with a large net cash position CATELLA’S VALUE AT COST PROJECT EXCEEDS TOTAL GROUP DEBT BY MARGIN* COMMENTS Catella’s investments amount to over SEK SEK M SEK 2 715 M 3 bn 4 500 −Property development projects, pro
Slide 20: Net cash position following divestment of Kaktus
Catella | Interim Report January – March 2025 Net cash position following divestment of Kaktus CATELLA’S VALUE AT COST PROJECT EXCEEDS TOTAL GROUP DEBT BY MARGIN* COMMENTS SEK 1 962 M The divestment of Kaktus reduces SEK M Catella’s investments by nearly SEK 1.7 bn 3 500 SEK 1 377 M to SEK 1.4 bn
Slide 21: Summary and Key Take Aways
SUMMARY AND KEY TAKE AWAYS
Slide 22: Summary and key take-aways
Catella | Interim Report January – March 2025 Summary and key take-aways Agreement to divest Kaktus Stability in AUM where lower further strengthening Catella’s inflows in funds is matched by strong financial position and new Asset Management enables initiatives to create mandates shareholder value
Slide 23: Thank you!
→ Thank you! catella.com
Slide 24: Investor Relations
Catella | Interim Report January – March 2025 Investor Relations Most recent equity research Largest shareholders 2025-04-30 Capital Votes Date Institution Recommendation TP Claesson & Anderzén 49.4% 49.2% 2024-05-02 DNB Buy SEK 35 Gran Fondo Capital 7.4% 7.2% 2024-05-02 ABGSC − − Alcur Fonder 4.7%