Slide 1: Catella Q2 Investor Presentation
CATELLA Q2 Investor Presentation
Slide 2: Today's presenters
Catella | Interim Report April — June 2025 Today’s presenters ‘oi % yf Daniel Gorosch Michel Fischier Rikke Lykke Interim CEO to August 15 CFO Group CEO from August 15
Slide 3: Catella at a glance
Catella | Interim Report April — | Catella at a glance Your sustainable investment partner — together building the link between property and capital Pa SEK | 57 sek 2. Den len ASSETS UNDER. L™ on MANAGEMENT REVENUE RRR . ores FD) D1 mane By Beiews OPERATIONS IN EUROPEAN COUNTRIES Hiltons mscurl th T
Slide 4: Leading European group in property and alternative investments
Catella | Interim Report April — June 2025 Leading European group in property and alternative investments Investment highlights PROFITABLE AND STABLE GROWTH Three business areas delivering steady income and long-term value creation la OPERATES IN A LONG-TERM GROWTH MARKET Increased capital inflows i
Slide 5: Key Highlights
KEY HIGHLIGHTS o. =) O co O
Slide 6: European quarterly transaction volumes (€ bn) - LTM
Catella | Interim Report April — June 2025 European quarterly transaction volumes (€ bn) - LTM Comments European LTM transaction volumes (€ bn) LT™ ntinued 400 350 um il, 1 . 1 300 I pee 1 1 ty pcttti ' a | 1 250 1 fast iy mOffice mLog&ind mRetail Residential mSenior &care =Devsite mHotel
Slide 7: Key financial and operational highlights – Q2 2025
Catella | Interim Report April — June 2025 Key financial and operational highlights —Q2 2025 CATELLA GROUP Net revenue* SEK 625 M (SEK 336 M) EBIT SEK 3 03 M (SEK 35 M) EBIT margin 49% (10%) Earnings per share SEK 3 .62 kr (SEK -0.37) “Net revenue: Total revenue after deducting provisions. direct as
Slide 8: De-concentrate and re-focus Principal Investments
De-concentrate and re-focus Principal Investments Improve profitability within Corporate Finance Grow AUM in Investment Management
Slide 9: Investment Management
INVESTMENT MANAGEMENT
Slide 10: New AM mandates main driver of AUM growth
Catella | Interim Report April — June 2025 New AM mandates main driver of AUM growth AUM (SEK Bn) Total revenue LTM (SEK M) LTM AUM (SEK Bn) 160 ay 1500 17,0 -8,0 7 . 28 weg 7 152,6 156.5 140 pig 1300 120 1100 100 900 Q2-24 Inflows Outflows Revaluations Currency Q2-25 80 700 Q2.AUM (SEK Bn) 60 500 3
Slide 11: Stable fixed fees and increased transaction-based fees Q-o-Q
Catella | Interim Report April — June 2025 Stable fixed fees and increased transaction-based fees Q-o-Q "Stability in fixed fees = Recovered transaction activity reflected in transaction-based fees Property Funds” 197 215 -8% Asset Management 80 65 23% 500 450 Other 4 5 -20% Total revenue 250 257 -3
Slide 12: Principal Investments
PRINCIPAL INVESTMENTS
Slide 13: Sale of Kaktus and continued progress in current projects
Catella | Interim Report April June 2025 Sale of Kaktus and continued progress in current projects Invested equity, project IRR and targets Investment Projects Denmark (Co-Investment) = Residential. Vega, Copenhagen Germany (Catella Project Capital) = Residential. Seestadt, Diisseldorf = Residential
Slide 14: Corporate Finance
CORPORATE FINANCE
Slide 15: Revenue and results of operations
Catella | Interim Report April — June 2025 Revenue and results of operations KEY TAKE-AWAYS "Increased transaction activity resulting in a top-line increase = |mplemented cost measures supporting bottom-line margins and profitability REVENUE SPLIT PER COUNTRY Q2 REVENUE SPLIT PER ADVISORY SERVICES Q
Slide 16: Financials
FINANCIALS
Slide 17: Financial summary
Catella | Interim Report April — June 2025 Financial summary Investment Principal Corporate Other & Grou} Var’ Management Investments Finance Eliminations P Q2’25 250 257 375 97 I 16 755 450 Total revenue 120 79 306 Direct assignment costs 31 43 -101 -64 19 8 20 | -131 “113 -I7 Net revenue 219 215 2
Slide 18: Strong recovery profile with a large net cash position
Catella | Interim Report April — June 2025 Catella has a strong recovery profile, with a large net cash position NET CASH POSITION OF SEK |.7 BN COMMENTS = Following the sale of Kaktus Catella’s SEK M investments amount to SEK |.4 bn (3) 3500 eK 1409M — —Property development projects, project 1 680
Slide 19: Summary and Key Take Aways
SUMMARY AND KEY TAKE AWAYS
Slide 20: Summary and key take-aways
ella | Interim Report April — June Summary and key take-aways Continuous slow market recovery supported by economic fundamentals al] AUM growth through new AM- mandates SOLD ) Sale of Kaktus resulting in strong earnings and substantial cash position \/ fl | © Continued progress on refined and clarif
Slide 21: Thank you!
Thank you!
Slide 22: Investor Relations
Catella | Interim Report April — June 2025 Investor Relations Most recent equity research Largest shareholders 2025-07-31 Capital Votes Date Institution Recommendation TP Claesson & Anderzén 49.4% 49.2% 2025-08-15 ABGSC - - Gran Fondo Capital 74% 7.2% 2025-07-22 DNB CAR Hold 32 Alcur Fonder 4.2% 3.8