Slide 1: eQ Plc – result Q3/2019
eQ Plc – result Q3/2019 - result presentation 24 October 2019
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-9/2019 1-9/2018 Change% 1-12/2018 Net revenue 35.0 30.6 14% 45.4 Operating profit 17.9 15.1 19% 22.4 Profit for the period 14.3 11.9 20% 17.8 Earnings per share (EUR) 0.38 0.32 19% 0.47 Cost income -ratio, % 48.9 50.9 -4% 50.5 Liquid assets 18.8 15.8 19% 25.7 Inv
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 33,0 49.7 50,0 47.3 47.8 45.4 28,0 44.5 25,3 23.9 42.3 22.423.3 40.7 40.9 22.4 20.9 40,0 36.0 23,0 20.3 35.4 35.8 20.1 35.0 35.4 33.4 33.9 16.817.0 16.2 16.4 29.8 30.5
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 9/2019 12/2018 (EUR million) 9/2019 12/2018 Liquid assets 0.0 0.0 Other liabilities 4.1 4.1 Claims on credit institutions 8.8 15.8 Accruals and deferred income 8.8 11.1 Financial assets Lease liabilities 2.7 - Financial securities
Slide 5: Asset Management
Asset Management
Slide 6: Asset Management – Income statement
Asset Management – Income statement EUR million 1-9/2019 1-9/2018 Change % 1-12/2018 NET REVENUE 31.8 26.8 18% 36.7 Personnel expenses -11.2 -10.1 10% -13.8 Other administrative expenses -1.2 -1.2 -1% -1.7 Depreciation -0.5 -0.1 350% -0.2 Other operating expenses -0.7 -1.0 -29% -1.5 OPERATING PROFIT
Slide 7: Asset Management – Fee income and AuM
Asset Management – Fee income and Aum EUR million 1-9/2019 1-9/2018 Change % 1-12/2018 Management fees – Traditional AM 5.9 6.6 -11% 8.6 Management fees – Real-estate and PE 23.5 18.5 27% 25.5 Other fees 0.1 0.3 -45% 0.3 Performance based fees 2.5 1.7 47% 2.7 TOTAL 32.1 27.1 18% 37.1 Assets under ma
Slide 8: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net revenue development, rolling 12 months (€’m)) Operating profit development, rolling 12 months (€’m) 41.7 23.3 40.1 21.8 38.6 37.336.7 20.5 35.4 20.0 19.5 34.4 18.8 33.9 18.3 18.0 30.5 29.6 15.7 27.5 14.9 25.6 24.2 13.4 22.522.7 12.0 21.7 20.8 11.1 19.720.2 17
Slide 9: Asset Management – Mutual funds
Asset Management – Mutual funds Gross returns 30 September 2019 Since beginning of the year 3 years p.a. Morning- Fund Return* Comparison Diff. Return* Comparison Diff. star Fixed income funds eQ Money Market -0,06 % -0,07 % Morningstar – eQ Euro Floating Rate 1,62 % -0,23 % 1,85 % 0,77 % -0,32 % 1,
Slide 10: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Care eQ Finnish Real Estate Invests in modern care properties Invests in commercial real estate Avg. lease maturity: 11 years Avg. lease maturity: 6 years Vacancy 1% Vacancy 5% Invested capital: €1 142m Invested capital: € 1 019m Equity (N
Slide 11: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2019 eQ PE XI US $214m Investing 90 2018 eQ PE SF II €135m Investing 23 FoF 2018 eQ PE X North €175m Investing 85 €1.6 Bn 2017 eQ PE SF €124m Fully invested 10 2017 eQ PE IX US $105m Fully invested 70
Slide 12: Corporate Finance
Corporate Finance
Slide 13: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed some 200 transactions for a value exceeding 15 billion euro 15 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate tra
Slide 14: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 14
Slide 15: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 9.7 5.0 9.1 9.1 4.6 4.5 7.9 7.7 7.7 7.1 7.1 3.7 3.6 6.8 6.9 7.0 3.4 3.6 6.3 6.2 3.2 3.3 3.2 3.2 5.9 2.9 5.2 2.7 2.6 4.8 4.5 4.5 4.2 4.4 4.6 3.8 2.0 1.8 3.0 1.5 1.4 1
Slide 16: Investments
Investments
Slide 17: Investments – Key figures
Investments – Key figures EUR million 1-9/2019 1-9/2018 1-12/2018 Returned capital (excl. profit) 1.6 3.0 4.0 Distribution of profits 1.0 1.3 1.9 Capital calls -1.7 -1.7 -2.0 Net cash flow 0.8 2.6 3.9 Market value 16.4 17.9 16.9 Investment commitments 7.4 8.0 7.8 Profit and loss Distribution of prof
Slide 18: eQ’s share and summary
eQ’s share and summary
Slide 19: Share price development and market cap
Share price development and market cap 12,00 10,00 8,00 6,00 4,00 2,00 0,00 eQ Oyj OMXH The Market value of eQ Plc was 380.0 million euro on 30 September 2019 19
Slide 20: Shareholders 30 September 2019
Shareholders 30 September 2019 Shareholder Shares % of shares The number of shareholders 7 000 1 Fennogens Investments S.A. 7 943 137 20.82 2 Chilla Capital S.A. 5 945 275 15.58 6 000 3 Anchor Oy Ab 5 803 677 15.21 4 Teamet Oy 4 100 000 10.75 5 000 5 Oy Cevante Ab 1 419 063 3.72 6 Fazer Jan Peter 1
Slide 21: Outlook
Outlook The outlook for the financial year is the same as previously, and we expect the profit of the Asset Management segment to grow clearly more than in 2018. In the half year financial report we stated that it is possible that one of our private equity funds will begin to pay a performance fee n
Slide 22: Summary and next financial reporting
Summary and next financial reporting EUR million 1-9/2019 1-9/2018 Change% 1-12/2018 Net revenue 35.0 30.6 14% 45.4 Operating profit 17.9 15.1 19% 22.4 Profit for the period 14.3 11.9 20% 17.8 Earnings per share (EUR) 0.38 0.32 19% 0.47 Cost income -ratio, % 48.9 50.9 -4% 50.5 Liquid assets 18.8 15.