United Bankers Oyj Class A · OMXHEX:UNITED
United Bankers Oyj Class A — FY2024 Earnings Presentation
25 slides from United Bankers Oyj Class A's earnings presentation, Feb 13, 2025
Slide 1: Exceptional result in a challenging environment
United Bankers Plc Result 2024 Exceptional result in a challenging environment John Ojanperä, CEO 13 February 2025
Slide 2: Contents
Contents ▪ Highlights of 2024 ▪ Revenue and profit reached a new record ▪ Wealth management business in strong momentum ▪ Low activity in the capital markets ▪ Sustainability as part of value creation and growth strategy ▪ Outlook and guidance 2 Public
Slide 3: Highlights of 2024
Highlights of 2024 ▪ The full-year result reached a new record high ▪ The sale of the partnership interests in the UB Nordic Forest Fund II in March was the most significant factor affecting the result, and an indication of the company’s ability to build profitable forest portfolios for its investor
Slide 4: Key financial figures
Key financial figures AUM Revenue €4.8 bn €62.1 m +4.8% +19.1% Adjusted operating profit Earnings per share €23.7 m €1.66 +40.0% +34.3% 12/2024 4 Public
Slide 5: The operating environment offered challenges
The operating environment offered challenges ▪ The normalisation of inflation and interest rate cuts by central banks were key themes in the economy and markets in 2024 ▪ Except for the United States, global economic growth remained modest, and development was particularly weak in the euro area ▪ Ge
Slide 6: July-December 2024
July-December 2024 ▪ Best second half of the year in United Bankers' history ▪ During the rest of the year, the Group continued to invest in fundraising and, in particular, in promoting international sales ▪ United Bankers' forest investment solutions and unique expertise across the entire forestry
Slide 7: New record for revenue and profit
New record for revenue and profit ▪ The Group once again increased its revenue and profit to a new record level Revenue ▪ The exceptionally strong profit and profitability growth was primarily driven by €62.1 m a EUR 10.6 million performance fee generated from the sale of the UB Nordic Forest Fund I
Slide 8: Wealth management fee income grew significantly
Wealth management fee income grew significantly ▪ Wealth management fee income increased by nearly 20 per cent during the financial year ▪ The majority of performance fees were generated from the forest funds ▪ Fund management fees increased by 2.6 per cent to EUR 26.6 million ▪ Asset management fee
Slide 9: Strong profitability development
Strong profitability development 9 Public
Slide 10: New sales drove AUM growth
New sales drove AUM growth ▪ The Group’s assets under management increased to EUR 4.8 billion ▪ The positive development was driven by both favorable market conditions and new asset management sales ▪ The sale of the UB Nordic Forest Fund II reduced assets under management by EUR 134 million compare
Slide 11: AUM breakdown
AUM breakdown The amount of assets generating recurring fees was EUR 3.5 billion, or 73 per cent (71%) of the assets under management 11 Public
Slide 12: Share of funds from AUM
Share of funds from AUM ▪ Real asset funds accounted for EUR 1.8 billion, or 60 per cent of total fund assets, and 37 per cent of the Group's assets under management ▪ Funds investing in forest, real estate and renewable energy represent a significant part of the company's assets under management an
Slide 13: The role of forest investments remained significant
The role of forest investments remained significant ▪ The sale of the UB Nordic Forest Fund II LP reduced the amount of real asset investments year-on-year ▪ Total assets (GAV) of the forest funds at the end of the financial year amounted to EUR 731 million (EUR 773 million) ▪ The assets (GAV) of th
Slide 14: Positive development in asset management sales
Positive development in asset management sales ▪ Sales of asset management products and services increased to EUR 524 million ▪ Net subscriptions to funds amounted to EUR 128 million ▪ During the year, fixed income funds and the renewable energy fund raised the most capital ▪ UB 360 and Private Inve
Slide 15: Significant events in wealth management
Significant events in wealth management ▪ The sale of the UB Nordic Forest Fund II’s partnership interests and 33,000 hectares of forest property for EUR 166 million was one of the largest forest sales in Finnish history ▪ The transaction is an excellent demonstration of the effectiveness of the Buy
Slide 16: Low activity in the capital markets
Low activity in the capital markets ▪ The market environment for corporate and financial arrangements continued to be quiet in 2024, reflecting the demand for the Group's capital markets services ▪ UB Corporate Finance completed two transactions during the year ▪ In addition, several projects were a
Slide 17: Sustainability as part of value creation and growth strategy
Sustainability as part of value creation and growth strategy ▪ Combating climate change and working towards the green transition are key priorities in investment solutions ▪ United Bankers has four funds focused on sustainable investments (SFDR 9) and 21 funds promoting sustainability characteristic
Slide 18: Outlook and guidance for 2025
Outlook and guidance for 2025 MARKET ENVIRONMENT BUSINESS OUTLOOK ▪ The easing of inflationary pressures and the normalisation of ▪ United Bankers has strong roots in wealth management - business interest rates have stabilised the outlook for the global economy development is fundamentally dependent
Slide 19: Dividend proposal and the AGM
Dividend proposal and the AGM ▪ The Board of Directors proposes that a dividend of EUR 1.10 per share be paid in two instalments ▪ The first dividend instalment of EUR 0.55 per share will be paid in April 2025 ▪ The second dividend instalment of EUR 0.55 per share will be paid in October 2025 ▪ Unit
Slide 20: United Bankers' total share return 2024
United Bankers’ total share return 2024 20 Public
Slide 21: Contact details
CEO John Ojanperä john.ojanpera@unitedbankers.fi tel. +358 40 842 3472 Chief Communications Officer Inka Noramaa inka.noramaa@unitedbankers.fi tel. +358 40 576 4202 Investor Relations Manager Marjo Åström marjo.astrom@unitedbankers.fi tel. +358 40 507 6546 Investor Relations ir@unitedbankers.fi tel.
Slide 22: Appendixes
UNITED BANKERS Appendixes
Slide 23: Key figures
Key figures * The percentage change has been calculated using the actual figures, the figures shown in the table have been rounded. ** The number of personnel stated has been converted to full-time equivalent. 23 Public
Slide 24: Key figures of the income statement
Key figures of the income statement 24 Public
Slide 25: United Bankers' investment funds
United Bankers’ investment funds Public