Slide 1: EQT AB Q3 Announcement 2024
l:QT EQT AB Q3 Announcement 2024 Webcast presentation 17 October 2024
Slide 2: Q3 2024 in brief
l:QT Q3 2024 in brief Focus on value creation and realizations Strategic Fundraising Investment activity ✓ Target size for BPEA IX set at USD 12.5bn, a FAUM (EURbn) Investments (EURbn)3 ■ ■ Q3 ~20% increase vs. its predecessor fund1 128 134 24 ✓ Preparations for additional Private Wealth products in
Slide 3: Top of mind
l:QT Top of mind Value Thematic EQT Exits Fundraising creation investments platform 3
Slide 4: Executing on a strong thematic investment pipeline
l:QT Executing on a strong thematic investment pipeline ENERGY DIGITALIZATION HEALTH & CHANGING TRANSITION OF SOCIETY WELLBEING VALUE CHAINS A PropertyGuru 01 @ euTeLSAT GROUP ~ Group amCS Fli ): HBA.1JffC'AR'P.90r.A.1'!10: !I FotM,,;aa . lhttk"'t Acron1s 0 Compass PANTERA KJ ENVIRONMENT Note: Not e
Slide 5: Systematic focus on realizations
l:QT Systematic focus on realizations A large part of our portfolio is still in value creation mode 1 2 3 4 Only Sell-down Exits in mature / 15% Full exit in listed Minority sale Share of current discontinued portfolio held for holdings longer than strategies 5 years1 BEIJERREF (3~ edgeconnex" openO
Slide 6: Entering the next fundraising cycle
l:QT Entering the next fundraising cycle Next Next generation Next generation generation New Evergreen PE and Infra Real Estate of recently strategies strategies flagship funds flagship funds launched strategies 6
Slide 7: Launch of BPEA IX and final close of EQT Active Core Infrastructure
l:QT Launch of BPEA IX and final close of EQT Active Core Infrastructure Dry powder Key funds EUR ~50bn1 Other funds • BPEA IX – fundraising launched • EQT Active Core Infrastructure – fundraising concluded Highlights • Infrastructure VI – fundraising ongoing Q3 2024 LTM Q3 2024 LTM Q3 2024 Gross in
Slide 8: Structured expansion into evergreen strategies
l:QT Structured expansion into evergreen strategies Strengthening the platform … … for existing and future products U.S. EMEA & APAC Building a global organisation New EQT New EQRT product Nexus product Increased branding efforts, incl. EQT ThinQ Regions New product ,,----------------------------,\
Slide 9: Investment activity continued at a strong pace
l:QT Investment activity continued at a strong pace Investments1 Exits1 ... LTM (EURbn) ■ By quarter (EURbn) ... LTM (EURbn) ■ By quarter (EURbn) 26 24 20 17 18 17 15 16 16 15 14 12 12 11 6 6 6 7 8 6 6 5 5 4 4 4 3 3 3 3 3 2 2 2 1 0 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q3'22 Q4'22 Q1
Slide 10: Positive key fund valuation developments in Q3 2024
l:QT Positive key fund valuation developments in Q3 2024 New deals enter at 1.0x EQT VII EQT VIII EQT IX EQT X – Above plan – Above plan – On plan – On plan 2.6x 2.6x 2.5x 2.5x Private 2.5x 2.3x 2.2x 2.2x 2.2x 2.2x Capital 1.4x 1.4x 1.4x 1.4x 1.3x 1.1x 1.1x EU & NA 1.1x 1.1x 1.1x Sep-23 Dec-23 Mar-2
Slide 11: Personnel development in the third quarter
l:QT Personnel development in the third quarter Number of FTE+ Prioritizations • Active hiring within [ J Of which BPEA and other M&A ~3101 1,790 1,838 1,927 Central platform Capital Raising strategic areas, such as Private Wealth and the Institutional channel Of which Exeter ~300 1,160 • Selective
Slide 12: Summary of Q3 2024
l:QT Fundraising launched for BPEA IX with target size of USD 12.5bn, a ~20% increase compared to BPEA VIII’s fee-generating commitments Preparations for additional Private Wealth products – aim to reach 3 five private wealth products in total within 6-12 months Executing on a strong thematic invest
Slide 13: Welcome to our first US Capital Markets Event!
Forward thinking from the start Welcome to our first US Capital Markets Event! October 22, 2024 in New York RSVP 13
Slide 14: Appendix
l:QT Appendix 14
Slide 15: FAUM development
l:QT FAUM development 133 134 3 - (1) (2) FAUM development Q3 2024 Jun-2024 Gross inflows Step-down Exits FX and other Sep-2024 128 134 14 (1) (4) (4) FAUM development Q3 2024 LTM Sep-2023 Gross inflows Step-down Exits FX and other Sep-2024 15