Slide 1: eQ Plc – half year result 2021
eQ Plc – half year result 2021 result presentation 10 August 2021
Slide 2: Reporting period highlights
Reporting period highlights Asset Management Traditional asset management: – Performances of the funds are still strong, during the period 85 % of the funds managed by eQ have surpassed their benchmark indices. – The eQ Europe Dividend Fund won the Lipper “Best Nordic Equity Income Fund” award mea
Slide 3: eQ Group – Key figures
eQ Group – Key figures EUR million 1-6/2021 1-6/2020 Change 1-12/2020 Net revenue 36.8 23.9 54% 56.7 Operating profit 21.1 11.7 81% 30.8 Profit for the period 16.9 9.4 80% 24.6 Earnings per share (EUR) 0.43 0.24 76% 0.64 Cost income -ratio, % 42.4 51.0 -17% 45.6 Liquid assets 25.4 13.8 84% 36.3 Inve
Slide 4: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months, M€ Operating profit development, rolling 12 months, M€ 78,0 47,0 69,6 40,2 42,0 68,0 62,8 35,3 56,7 37,0 30,8 58,0 52,2 27,6 51,6 50.6 51.1 47.8 49.7 32,0 27.0 27,0 47.3 25.3 45.4 48,0 44.5 23.9 26,3 42.3 23.3 40.7 40.9 27,0 22
Slide 5: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 6/2021 12/2020 (EUR million) 6/2021 12/2020 Liquid assets 0.0 0.0 Other liabilities 6.0 5.2 Claims on credit institutions 14.4 21.4 Accruals and deferred income 13.3 15.0 Lease liabilities 1.6 2.0 Financial assets 1.6 1.7 Financial
Slide 6: Asset Management
Asset Management
Slide 7: Asset Management – Income statement
Asset Management – Income statement EUR million 1-6/2021 1-6/2020 Change 1-12/2020 NET REVENUE 30.9 22.7 36% 52.8 Personnel expenses -10.9 -8.2 33% -17.4 Other administrative expenses -0.7 -0.7 10% -1.5 Depreciation -0.4 -0.4 2% -0.8 Other operating expenses -0.5 -0.4 2% -1.0 OPERATING PROFIT 18.5 1
Slide 8: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum EUR million 1-6/2021 1-6/2020 Change 1-12/2020 Management fees Traditional asset management 5.1 3.9 32 % 8.1 Real estate asset management 13.9 12.7 10 % 2.,6 Private equity asset management 6.9 6.1 13 % 12.5 Management fees total 25.9 22.6 15 % 46.3 Performance
Slide 9: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net revenue development, rolling 12 months, M€ Operating profit development, rolling 12 months, M€ 37,5 61,0 34,5 56,3 32,1 52,8 28,0 47,1 27,0 26,5 45,3 46,1 25,4 44,3 41,6 23,3 40,0 38,4 21,8 37,3 35,4 36,7 20,0 20,5 33,9 34,4 18,8 19,5 18,0 18,3 30,5 29,6 27,5
Slide 10: Asset Management – Traditional AM mutual funds
Asset Management – Traditional AM mutual funds Traditional funds managed by eQ Gross returns 30.6.2021 Beginning of the year 3 years p.a. 5 years. p.a. Morning- Fund Return Diff. Comparison Return Diff. Comprison Return Diff. Comparison star Fixed Income Funds eQ Euro Short Term -0,18 % -0,16 % -0,1
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 properties Invests in commercial real estate Closed-end fund only for professional investors – Avg. lease maturity: 9 years, vacancy 1% Avg. lease maturity: 5 year
Slide 12: Asset Management – Private Equity
Asset Management – Private Equity Private equity and private credit funds – AUM 2.1 Bn € PE AM programmes – AUM 1.0 Bn € Vintage Fund Size Stage Investors Manages private equity operations of clients 2021 eQ PE XIII US $293m Investing 86 2020 eQ Private Credit III €54m Investing 20 2020 eQ PE SF III
Slide 13: Corporate Finance
Corporate Finance
Slide 14: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Over 200 transactions with value of approx. EUR 20 billion 15 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate transactions L
Slide 15: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 15
Slide 16: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 5,0 9,7 9,1 9,1 4,6 4,5 7,9 7,7 7,7 3,7 3,6 3,6 7,0 7,1 7,1 6,8 6,9 3,4 6,3 6,2 3,2 3,3 3,2 3,2 5,9 2,9 5,4 5,3 5,3 2,7 5,2 2,6 4,8 4,8 4,7 4,8 4,5 4,5 4,6 4,2 4,4 4
Slide 17: Investments
Investments
Slide 18: Investments – Key figures
Investments – Key figures EUR million 1-6/2021 1-6/2020 1-12/2020 Returned capital (excl. profit) 2.3 0.6 1.8 Distribution of profits 1.7 0.0 0.3 Capital calls 1.5 0.8 -1.6 Net cash flow 2.5 -0.2 0.6 Market value 16.7 16.1 15.7 Investment commitments 6.6 7.9 7.1 Profit and loss Distribution of profi
Slide 19: eQ’s share, outlook and summary
eQ’s share, outlook and summary
Slide 20: Share price development and market cap
Share price development and market cap 35,00 30,00 25,00 20,00 15,00 10,00 5,00 0,00 eQ Oyj OMXH The Market value of eQ Plc was 990.8 million euro on 30 June 2021 (651.1 M€ 31 Dec 2020). During the reporting period, 955 089 shares were traded on Nasdaq Helsinki (1 734 664 shares from 1 Jan. to 3
Slide 21: Shareholders 30 June 2021
Shareholders 30 June 2021 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 943 137 20,04 2 Anchor Oy Ab 6 058 963 15,29 9 000 3 Chilla Capital S.A. 6 045 275 15,25 4 Teamet Oy 4 200 000 10,60 8 000 5 Oy Cevante Ab 1 419 063 3,58 7 000 6 Fazer Jan Peter 1 298 306 3,28 6 00
Slide 22: Outlook
Outlook The strong market development during the first half supports eQ’s business operations. The outlook for the financial year is still unaltered, and we expect the net revenue and operating profit of the Asset Management segment to grow from the previous year. 22
Slide 23: Summary and next financial reporting
Summary and next financial reporting EUR million 1-6/2021 1-6/2020 Change 1-12/2020 Net revenue 36.8 23.9 54% 56.7 Operating profit 21.1 11.7 81% 30.8 Profit for the period 16.9 9.4 80% 24.6 Earnings per share (EUR) 0.43 0.24 76% 0.64 Cost income -ratio, % 42.4 51.0 -17% 45.6 Liquid assets 25.4 13.8