Slide 1: eQ Plc – result 2022
eQ Plc – result 2022 Result presentation 7 February 2023 08.02.2023 EQ PLC RESULT PRESENTATION 1
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-12/2022 1-12/2021 Change 10-12/2022 10-12/2021 Change Net revenue 77.8 78.9 -1 % 13.6 21.1 -36 % Operating profit 45.7 47.7 -4 % 6.3 12.7 -50 % Profit for the period 36.3 38.1 -5 % 4.9 10.1 -51 % Earnings per share (EUR) 0.91 0.97 -6 % 0.12 0.26 -52 % Cost/income -ratio
Slide 3: eQ Group – Profit development
eQ Group – Profit development Excellent development for several years Net revenue development, MEUR Operating profit development, MEUR 70.0 100.0 90.0 60.0 78.9 77.8 80.0 50.0 47.7 70.0 45.7 60.0 56.7 40.0 50.6 50.0 45.4 30.8 30.0 26.3 40.0 22.4 30.0 20.0 20.0 10.0 10.0 0.0 0.0 2018 2019 2020 2021 2
Slide 4: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, Operating profit development, rolling 12 months, MEUR 77.8 rolling 12 months, MEUR 45.7 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 5: eQ Group – Balance sheet
eQ Group – Balance sheet Liquid assets ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 12/2022 12/2021 12/2022 12/2021 43.8 MEUR Liquid assets 0.0 0.1 Other liabilities 6.8 6.3 Claims on credit institutions 23.7 35.1 Accruals and deferred income 16.6 19.1 Private equity and real Lease liabilities 5.6 1.
Slide 6: Asset Management
Asset Management 08.02.2023 EQ PLC RESULT PRESENTATION 6
Slide 7: SFR-research 2022
SFR-research 2022 Quality ratings (1-5) Most used institutional asset managers SFR 2022: eQ received 1st place in 7/11 categories: 3.50 3.60 3.70 3.80 3.90 4.00 4.10 0% 20% 40% 60% 80% 1. Investment performance 3 years 1 67% eQ 4.09 2. Ability to take market view eQ 66% 3 63% 3. Resources 2 3.93 4 5
Slide 8: Asset Management – Income statement
Asset Management – Income statement MEUR 1-12/2022 1-12/2021 Change 10-12/2022 10-12/2021 Change NET REVENUE 71.8 64.9 11 % 13.3 16.3 -19 % Personnel expenses -22.0 -21.2 4% -4.7 -5.3 -11 % Other administrative expenses -1.8 -1.6 10 % -0.5 -0.5 3% Depreciation -0.9 -0.8 18 % -0.3 -0.2 52 % Other ope
Slide 9: Asset management – Fee income, change
Asset management – Fee income, change Asset management fee income change, MEUR PE Real estate Traditional 6.4 MEUR / 38 % -4.1 MEUR / -30 % 5.0 MEUR / 14 % Total 7.0 MEUR / 11 % 08/02/2023 EQ PLC RESULT PRESENTATION 9
Slide 10: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum MEUR 1-12/2022 1-12/2021 Change 10-12/2022 10-12/2021 Change Management fees Traditional asset management 9.4 10.6 -11 % 2.1 2.7 -21 % Real estate asset management 35.1 29.1 21 % 9.4 7.8 19% Private equity asset management 16.9 13.9 22 % 4.3 3.6 21 % Management
Slide 11: Asset Management – Rolling 12 months
10 20 30 40 60 70 80 50 0 Q4/13 Q1/14 Q2/14 08.02.2023 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 rolling12 months, MEUR Q3/17 Q4/17 Net revenue development, Q1/18 Q2/18 Q3/18 EQ PLC RESULT PRESENTATION Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3
Slide 12: Asset Management – Traditional funds
Asset Management – Traditional funds Gross returns 30.12.2022 12 months 3 years p.a. 5 years p.a. Morning- Funds Return Comp. Diff Return Comp. Diff Return Comp. Diff star eQ Europe Dividend Fixed Income Funds eQ Euro Short Term 0,18 % -0,10 % -0,12 % Fund was awarded as eQ Floating Rate -1,26 % -0,
Slide 13: 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 – invests in residential properties • Avg. lease maturity 10 years, vacanc
Slide 14: Asset Management – Private Equity
Asset Management – Private Equity AUM total EUR 2.7 bn Private equity and private credit fundraising, Vintage Fund Size Stage MEUR Fund of funds – Northern Europe 2022 eQ PE XIV North 288 MEUR Final close 500 2020 eQ PE XII North 205 MEUR Fully invested 2018 eQ PE X North 175 MEUR Fully invested 450
Slide 15: Corporate Finance
Corporate Finance 08.02.2023 EQ PLC RESULT PRESENTATION 15
Slide 16: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 08.02.2023 EQ PLC RESULT PRESENTATION 16
Slide 17: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-12/2022 1-12/2021 Change 10-12/2022 10-12/2021 Change NET REVENUE 5.4 6.9 -22 % 1.0 3.2 -67 % Personnel expenses -2.9 -3.6 -18 % -0.6 -1.4 -53 % Other administrative expenses -0.4 -0.3 55 % -0.1 -0.1 2% Depreciation -0.2 -0.2 2% -0.0 -0.0 5% Other operating exp
Slide 18: Investments
Investments 08.02.2023 EQ PLC RESULT PRESENTATION 18
Slide 19: Investments – Key figures
Investments – Key figures MEUR 1-12/2022 1-12/2021 10-12/2022 10-12/2021 • Profit of the Investments segment Returned capital (excl. profit) 2.9 3.5 0.2 0.2 in 2022 was EUR 0.7 million (EUR Distribution of profits 2.0 3.2 0.8 1.0 7.1 million 2021) and the effect of Capital calls -2.1 -2.6 -0.4 -0.9
Slide 20: eQ’s share, outlook and summary
eQ’s share, outlook and summary 08.02.2023 EQ PLC RESULT PRESENTATION 20
Slide 21: Share price development and market cap
Share price development and market cap 35.00 • The market capitalisation of the company was EUR 30.00 1,028.9 million (EUR 1,020.5 million 2021) at the 25.00 end of the year 2022. • During the year 2022, 20.00 1,947,634 shares were traded on Nasdaq Helsinki 15.00 (2,089,680 shares from 1 Jan. to 31
Slide 22: Shareholders 31 December 2022
Shareholders 31 December 2022 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 962 605 19,69 2 Anchor Oy Ab 6 206 706 15,35 9 000 8 277 3 Chilla Capital S.A. 6 165 904 15,25 7 883 8 000 4 Teamet Oy 4 225 000 10,45 7 261 5 Oy Cevante Ab 1 419 063 3,51 7 000 6 Fazer Jan Pet
Slide 23: Outlook
Outlook As for sales, the year 2022 was very good for eQ Asset Management. In January 2023, the eQ PE XV US private equity fund raised a record amount of assets in the first closing of the fund, i.e. almost USD 180 million, which is 35 per cent more than our previous fund investing in the US in its
Slide 24: Summary
Summary MEUR 1-12/2022 1-12/2021 Change 10-12/2022 10-12/2021 Change Net revenue 77.8 78.9 -1 % 13.6 21.1 -36 % Operating profit 45.7 47.7 -4 % 6.3 12.7 -50 % Profit for the period 36.3 38.1 -5 % 4.9 10.1 -51 % Earnings per share (EUR) 0.91 0.97 -6 % 0.12 0.26 -52 % Cost/income -ratio, % 41.1 39.5 4
Slide 25: eQ Plc Q1/2023 interim report will be released 25 April 2023
eQ Plc Q1/2023 interim report will be released on Tuesday 25 of April 2023 08.02.2023 EQ PLC RESULT PRESENTATION 25