Slide 1: eQ Plc – result Q1/2018
eQ Plc – result Q1/2018 - result presentation 25 April 2018
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-3/2018 1-3/2017 Change% 1-12/2017 Net revenue 9.6 9.4 3% 40.7 Operating profit 4.4 4.2 4% 20.1 Profit for the period 3.5 3.4 3% 15.9 Earnings per share (EUR) 0.09 0.09 2% 0.43 Cost income -ratio, % 54.2 54.5 0% 50.5 Liquid assets 25.8 21.3 21% 24.7 Investments in
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) 45,0 23,0 20.3 20.1 40.9 40.7 40,0 17.0 36.0 35.8 16.4 16.8 35.0 35.4 35.4 15.7 16.2 33.4 33.9 18,0 35,0 14.8 15.0 30.5 13.2 29.8 12.9 30,0 28.3 11.7 26.5 10.6 24.4 13,
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 3/2018 12/2017 (EUR million) 3/2018 12/2017 Liquid assets 0.1 0.0 Other liabilities 25.1 3.9 Claims on credit institutions 15.7 14.6 Accruals and deferred income 5.7 9.1 Income tax liabilities 0.1 0.8 Available-for-sale financial a
Slide 5: Asset Management
Asset Management
Slide 6: Asset Management – Income statement
Asset Management – Income statement EUR million 1-3/2018 1-3/2017 Change % 1-12/2017 NET REVENUE 8.5 8.0 6% 33.9 Personnel expenses -3.4 -3.2 7% -12.6 Other administrative expenses -0.4 -0.4 0% -1.7 Depreciation -0.0 -0.1 -46% -0.2 Other operating expenses -0.3 -0.3 3% -1.3 OPERATING PROFIT 4.3 4.0
Slide 7: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum EUR million 1-3/2018 1-3/2017 Change % 1-12/2017 Management fees – Traditional AM 2.3 2.1 7% 8.9 Management fees – Real-estate and PE 5.5 4.1 34% 18.4 Other fees 0.1 0.1 0% 0.6 Performance based fees 0.7 1.7 -60% 6.4 TOTAL 8.6 8.1 7% 34.3 Assets under management
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) 18.0 18.3 33.9 34.4 15.7 30.5 14.9 29.6 27.5 13.4 25.6 24.2 12.0 22.5 22.7 11.1 21.7 20.8 10.0 19.7 20.2 9.6 9.9 17.6 9.0 16.7 8.5 8.6 15.5 7.1 13.6 13.7 12.5
Slide 9: Asset Management – Mutual funds
Asset Management – Mutual funds Gross returns 31 March 2018 3 months 12 months 3 years p.a. Morning- Fund Return* Comparison Diff. Return* Comparison Diff. Return* Comparison Diff. star Fixed income funds eQ Money Market -0,05 % -0,06 % 0,09 % no rating eQ Euro Floating Rate -0,22 % -0,08 % -0,14 %
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 Well-diversified portfolio Currently 31 properties in the investment portfolio – 148 properties – Focus on mainly office and retail properties – Investme
Slide 11: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2018 eQ PE SF II €81m Investing, 2nd close 14 2018 eQ PE X North €97m Investing, 2nd close 56 FoF 2017 eQ PE SF €138m Fully invested 10 €1.2 Bn 2017 eQ PE IX US $105m Investing 52 2016 eQ PE VIII North
Slide 12: Corporate Finance
Corporate Finance
Slide 13: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed over 170 transactions for a value of more than 13 billion euro 15 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate
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 7.0 3.7 6.8 6.9 3.4 6.3 6.2 3.2 3.3 5.9 2.9 5.2 2.7 2.6 2.2 4.5 4.2 4.4 3.8 2.0 1.8 3.0 1.4 1.5 1.4 1.4 2.1 0.9 0.4 EUR million 1-3/2018
Slide 16: Investments
Investments
Slide 17: Investments – Key figures
Investments – Key figures EUR million 1-3/2018 1-3/2017 1-12/2017 Returned capital (excl. profit) 0.5 0.5 3.3 Distribution of profits 0.5 0.2 1.7 Capital calls -0.3 -0.7 -3.2 Net cash flow 0.7 0.0 1.9 Market value 18.8 20.1 18.8 Investment commitments 9.5 11.3 8.9 Profit and loss Distribution of pro
Slide 18: eQ’s share and outlook
eQ’s share and outlook
Slide 19: Share price development
Share price development 10,00 9,00 8,00 7,00 6,00 5,00 eQ Oyj 4,00 OMXH 3,00 2,00 1,00 0,00 The Market value of eQ Group was 324.0 million euro on 31 March 2018 19
Slide 20: Largest shareholders – 31 March 2018
Largest shareholders – 31 March 2018 Shares Ownership % 1 Fennogens Investments S.A. 6 973 137 18.59 2 Chilla Capital S.A. 5 652 635 15.07 3 Anchor Oy Ab 3 903 677 10.41 4 Teamet Oy 3 850 000 10.26 5 Umo Capital Oy 3 786 620 10.10 6 Oy Cevante Ab 1 419 063 3.78 7 Fazer Jan Peter 1 288 306 3.43 8 Lin
Slide 21: Summary and next financial reporting
Summary and next financial reporting EUR million 1-3/2018 1-3/2017 Change% 1-12/2017 Net revenue 9.6 9.4 3% 40.7 Operating profit 4.4 4.2 4% 20.1 Profit for the period 3.5 3.4 3% 15.9 Earnings per share (EUR) 0.09 0.09 2% 0.43 Cost income -ratio, % 54.2 54.5 0% 50.5 Liquid assets 25.8 21.3 21% 24.7