Evli Plc Class B · OMXHEX:EVLI
Evli Plc Class B — Debt Investor Presentation (September 2026)
64 slides from Evli Plc Class B's debt investor presentation, Sep 30, 2026
Slide 1: Evli Green Corporate Bond IB
EVLI GREEN CORPORATE BOND IB This is marketing material for the fund and is not intended as investment advice or recommendation. Before making an investment decision, the investor must read the fund's key information document and other statutory information about the fund. 30.09.2026 ISIN: FI4000441
Slide 2: Evli in brief
2 EVLI IN BRIEF “We see wealth as an engine to drive sustainable progress.” CONFIDENTIAL
Slide 3: Evli in brief
3 ASSETS UNDER MANAGEMENT (EUR MARKET POSITION AS INSTITUTIONAL Evli in brief BILLION) JUNE 30, 2026 ASSET MANAGER (KANTAR PROSPERA 2026) We are a Finnish independent investment 22.6 1. service company with a 40-year operating history. NET REVENUE (EUR MILLION) IN 2025 FINLAND’S THIRD LARGEST FUND M
Slide 4: Evli's investment funds
4 Evli’s investment funds FUND AUM (EUR BILLION) NUMBER OF FUNDS Funds are managed by Evli Fund Management JUNE 30, 2026 Company Ltd. The company is part of Evli Group whose parent company is Evli Plc. 17.1 70 Morningstar, an independent fund research firm, awarded Evli Fund Management Company the b
Slide 5: Award-winning asset management from Evli
5 Award-winning asset management from Evli Evli has consistently ranked at the very top of Kantar Prospera’s client survey for 14 consecutive years. In the SFR Research’s Institutional Investment Services survey, Evli has been ranked first for six years and second for four, based on the overall qual
Slide 6: Successful fixed income management from Evli
6 SUCCESSFUL FIXED INCOME MANAGEMENT FROM EVLI The results of Evli’s corporate bonds family of funds CONFIDENTIAL
Slide 7: Evli's excellent corporate bond track record
7 Evli’s excellent corporate bond track record Quartile Rankings 3Q 2026* Historical returns are no guarantee of future returns. Morningstar Peer 3 5 10 15 Evli Fund Group Years Years Years Years EUR Ultra Short-Term Evli Euro Liquidity 1 1 1 1 Bond – The first credit fund, Evli Corporate Bond Fund
Slide 8: Evli's European and Emerging Markets corporate bond funds in a nutshell
8 Evli’s European and Emerging Markets corporate bond funds in a nutshell Fund Evli Short Corporate Bond Evli Corporate Bond Evli Green Corporate Bond Evli European Investment Grade Evli European High Yield Evli Emerging Markets Credit Invests into Short dated European European investment grade Euro
Slide 9: Why invest in Evli Green Corporate Bond Fund?
9 WHY INVEST IN EVLI GREEN CORPORATE BOND FUND? Evli Green Corporate Bond CONFIDENTIAL
Slide 10: Why Invest in Green Corporate Bonds?
10 Why Invest in Green Corporate Bonds? Long-term – Better long-term credit quality credit quality – Investments in green and sustainable projects reduce ESG-related risks pertaining to the company’s operations and their negative impact on long-term credit quality – Advancing corporate sustainabilit
Slide 11: European Green Corporate Bond Market
11 European Green Corporate Bond Market Growth of the European IG green corporate bond market, bonds accepted in MSCI indices 450 400 387 350 332,5 300 251,6 250 BnEUR 200 182,1 174,6 150 105,5 100 75,8 43,1 50 27,4 6,6 11,1 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CONFIDENTIAL
Slide 12: Evli Green Corporate Bond Fund
12 Evli Green Corporate Bond Fund Pure green bond fund investing in European corporate bonds • SFDR Article 9 Dark Green fund • Offers investors an opportunity to be part of the solution and benefit from the green transition Long-term focus Companies that are active in the green Invests in growing G
Slide 13: Evli Green Corporate Bond statistics
13 Evli Green Corporate Bond statistics Statistics 30.9.2026 Fund Yield (YTM) 4.59% Yield to worst (YTW) 4.57% Modified duration 3.89 Spread duration 4.11 Average rating BBB+ Credit spread (OAS) 109 bps Green bonds 99.5% Sustainability bonds 0.5% Responsibility score (MSCI) AA Number of issuers 85 S
Slide 14: Investment philosophy and process
14 INVESTMENT PHILOSOPHY AND PROCESS Evli Green Corporate Bond CONFIDENTIAL
Slide 15: Evli Green Corporate Bond – Investment Universe
15 Evli Green Corporate Bond – Investment Universe Green bonds Sustainability bonds - Green bonds are bond instruments where - Sustainability bonds are instruments where the proceeds are earmarked to projects or the proceeds are earmarked to a activities with environmental benefits combination of pr
Slide 16: Recent case: Elisa Oyj
16 Recent case: Elisa Oyj ✓ Aligned with ICMA GBP Key facts Sector Telecommunications Eligible green projects: Rating Baa2/BBB+ • Energy efficiency • Renewable energy ISIN XS2695011978 • Green buildings and Second Party data centers Sustainalytics Opinion ESG Rating AAA (MSCI) ✓ Contribution to EU e
Slide 17: Why Invest in Evli Green Corporate Bond Fund?
17 Why Invest in Evli Green Corporate Bond Fund? Pure corporate bond fund Rigorous selection process Outstanding fixed income Impact expertise The fund enables Each bond is carefully Evli’s fixed income Proceeds are allocated to investors to invest in analysed from credit and investment strategy is
Slide 18: Investment Philosophy and Strategy
18 Investment Philosophy and Strategy Creditworthiness is the most important - We assess the TRUE credit quality, NOT relying on official rating factor in selecting investment targets. - Corporate bonds have limited upside but, in extreme cases, can lose Credit is about capital protection their valu
Slide 19: Investment Style
19 Investment Style - We invest in issuers that we like, regardless of their official credit rating ACTIVE - Active utilization of the movability of corporate bonds between different credit ratings - Long-term overall fund risk of the fund is very little changed by DISCIPLINED adding a portion of HY
Slide 20: Investment Process
20 Investment Process SCREENING COMPANY ANALYSIS PORTFOLIO Investment Universe: Company Analysis: Overview and diversity: – SEK/NOK/GBP/USD denominated always fully - Financial Statement Analysis – Diverse portfolio with 90-110 companies hedged to EUR – Across many sectors - Industrial & Economic Ou
Slide 21: Company analysis
21 Company analysis – Main focus on companies that over the cycle: – generate consistent positive free cash flow – debt leverage decreasing & debt coverage increasing – Are priced at an attractive spread compared to their risk Management and other Interest Groups - Management’s abilities and future
Slide 22: How ESG is taken into account in investment decisions
22 How ESG is taken into account in investment decisions ESG factors will influence our analysis of the company, industry as well as our thoughts on the management and owners. Portfolio Managers - Focus on issues that are quantifiable in terms of credit quality - For example: Damage to brands, legal
Slide 23: Green Bond Analysis Framework
23 Green Bond Analysis Framework ICMA - The bonds adhere to the ICMA’s green and sustainability principles bond principles - Projects and activities that have positive environmental Eligible projects impact and contribute to the achievement of UN SDGs - The green bond framework provides a clear desc
Slide 24: ICMA's green and sustainability bond principles
24 ICMA’s green and sustainability bond principles - The issuer should disclose - The issuer should outline eligible project categories in the process to determine the Green Bond Framework eligibility, sustainability objectives and other - The eligible projects should eligibility criteria (e.g., pro
Slide 25: Eligible projects
25 Eligible projects Key considerations: ✓ ICMA principles ✓ Other taxonomies ✓ Project description The projects should When applicable, other Clear description of contribute to the high- taxonomies, such as EU green projects (e.g., level environmental Taxonomy or Climate quantitative or objectives
Slide 26: Transparency
26 Transparency – In addition to the quality and clarity of project disclosures, we pay attention to: ✓ Management of ✓ Reporting ✓ External assurance proceeds A clear description of The issuer should The issuer should have procedures report on the use of obtained a second party applicable to procee
Slide 27: Issuer
27 Issuer – Our issuer-level analysis has three main components: ✓ In-house ESG analysis ✓ Exclusions ✓ External ESG analysis Thorough assessment of the Fund-specific exclusion To complement the in-house issuer’s operations at large criteria are applied to issuer analysis, we utilize ESG to evaluate
Slide 28: Evli Fixed Income Team: Evli Green Corporate Bond
28 Evli Fixed Income Team: Evli Green Corporate Bond Juhamatti Pukka, Lead Portfolio Manager and Head of Fixed Noora Lakkonen, Credit Analyst Income LL.M (Environmental Law), University of Helsinki; M.Sc. ( Econ.), M.Sc. (Econ.), Helsinki School of Economics. Over 15 years Hanken School of Economics
Slide 29: Evli's fixed income team
29 Evli’s fixed income team Mikael Lundström Juhamatti Pukka Jussi Hyyppä Juhana Heikkilä Jani Kurppa Juha Mäntykorpi CHIEF INVESTMENT HEAD OF FIXED INCOME HEAD OF LOAN SENIOR PORTFOLIO SENIOR PORTFOLIO PORTFOLIO MANAGER OFFICER STRATEGIES MANAGER MANAGER AT EVLI SINCE 1996, AT EVLI SINCE 2008, AT E
Slide 30: Evli Green Corporate Bond Fund in a Nutshell
30 Evli Green Corporate Bond Fund in a Nutshell Type of Fund European Corporate Bond fund (UCITS) Benchmark Bloomberg Barclays MSCI Euro Corporate Green Bond 5% Capped Index Fund Units Both distribution (A) and growth units (B), institutional share class available (IB) B-units EUR: EVGCBBE FH / 6862
Slide 31: Considerations and Risk Factors
31 Considerations and Risk Factors The fund’s investment activities aim to achieve a higher long-term return on assets than the benchmark. The fund’s return expectation and risk are higher than for funds that invest solely in government bonds. The credit risk arising from individual issuers is reduc
Slide 32: Track record and portfolio composition
32 TRACK RECORD AND PORTFOLIO COMPOSITION Evli Green Corporate Bond CONFIDENTIAL
Slide 33: Net of fee returns - 1 Year
33 Net of fee returns - 1 Year Portfolio Benchmark Difference 1 Month -1.42% -1.29% -0.13% 3 Months -2.47% -2.28% -0.19% 6 Months -0.17% -0.12% -0.05% 1 Year -0.85% -0.61% -0.24% Portfolio Benchmark Difference Volatility 2.53% 2.44% 0.09% Sharpe -1.17 -1.11 -0.06 Tracking Error 0.30% - - Information
Slide 34: Net of fee returns - 5 Years
34 Net of fee returns - 5 Years Portfolio Benchmark Difference 1 Year -0.85% -0.61% -0.24% 3 Years 13.48% 13.21% 0.26% 5 Years -0.94% -1.45% 0.51% 5 Years, -0.19% -0.30% 0.11% annualized return Portfolio Benchmark Difference Volatility 3.86% 4.18% -0.33% Sharpe -0.59 -0.57 -0.02 Tracking Error 0.99%
Slide 35: Net of fee returns - Since launch
35 Net of fee returns - Since launch Portfolio Benchmark Difference 1 Year -0.85% -0.61% -0.24% 3 Years 13.48% 13.21% 0.26% 5 Years -0.94% -1.45% 0.51% Since launch 0.51% 0.36% 0.15% Since launch, 0.08% 0.05% 0.03% annualized return Portfolio Benchmark Difference Volatility 3.55% 3.84% -0.30% Sharpe
Slide 36: Annual returns, after fees, 30.09.2026
36 Annual returns, after fees, 30.09.2026 Past returns are no guarantee of future returns. 2020 2021 2022 2023 2024 2025 2026 Portfolio 1.41% -0.76% -14.23% 8.42% 5.37% 3.18% -1.22% Benchmark 2.15% -1.03% -14.80% 8.42% 5.01% 3.33% -0.96% Difference -0.74% 0.27% 0.57% 0.00% 0.36% -0.15% -0.26% Volati
Slide 37: Portfolio structure 30.09.2026
37 Portfolio structure 30.09.2026 Evli Green Corporate Bond IB CONFIDENTIAL
Slide 38: Top holdings 30.09.2026
38 Top holdings 30.09.2026 10 LARGEST INVESTMENTS 10 LARGEST ISSUERS % % VR-Group Plc 30.5.2029 2.375% Callable Fixed 2.76% Engie SA 3.28% Transmssn Financ 18.6.2028 0.375% Callable Fixed 1.55% Nordea Bank Abp 3.24% Kesko Oyj 2.2.2030 3.5% Callable Fixed 1.50% Danske Bank A/S 3.04% Logicor Fin 17.1.
Slide 39: Article 9 Peer analysis – 3 years
39 Article 9 Peer analysis – 3 years Past returns are no guarantee of future returns. Return (cum.) Beta Bear Beta Bull Beta Down Capture Ratio Up Capture Ratio Max Drawdown Evli Green Corporate Bond B 11,96 1,00 1,02 1,05 92,13 97,35 -2,92 The upper quartile 12,19 1,02 1,09 1,10 112,45 103,38 -2,77
Slide 40: ESG Metrics 30.06.2026
40 EVLI GREEN CORPORATE BOND ESG Metrics 30.06.2026 Responsibility score AA Carbon footprint 84 UN Global Compact 0.0 % SFDR classification: Article 9 (t CO2e/M$ sales) fails CURRENT RESPONSIBILITY SCORES CARBON FOOTPRINT AND FOSSIL FUEL RESERVES DEVELOPMENT OF CARBON INTENSITY OF CURRENT INVESTMENT
Slide 41: Ambition
41 AMBITION “We want to be the forerunner in responsible wealth management in the Nordics, and in this way help our clients in managing their wealth to support a sustainable future.” CONFIDENTIAL
Slide 42: Responsible investing with 20 years of experience
42 Responsible investing with 20 Review of Evli’s climate targets years of experience Signatory of a COP15 initiative ’Moving Together on Nature’ Signatory of a joint TNFD Signatory of Open Letter to Joining the PRI statement on Nature EU leaders from investors Advance initiative as European Report
Slide 43: Four pillars of responsible investing at Evli
43 Four pillars of responsible investing at Evli #1 in Sustainable investing according to Finnish institutions2 Principles for ESG 1 -integration in Engagement and Reporting Responsible Investment Team Responsible Investment investment process active ownership – Decided by Evli’s – Portfolio – Manag
Slide 44: Monitoring, engagement and active ownership
44 Monitoring, engagement and active ownership ENGAGEMENT ACTIVITIES 2025 UN Global Compact, the UN Guiding Principles on Business and Human COLLABORATIVE ENGAGEMENT PARTICIPATING IN GENERAL Rights, the OECD Guidelines for Multinational Enterprises and Evli’s Climate INITIATIVES MEETINGS and Nature
Slide 45: Exclusions in practice in all Evli funds
45 Exclusions in practice in all Evli funds – With 0% revenue threshold: – Controversial weapon manufacturers – Companies manufacturing peat for energy production – With 5% revenue threshold: – Tobacco producers, adult entertainment producers and companies practicing controversial lending – With 10%
Slide 46: Evli's Climate and Nature Principles
46 Evli’s Climate and Nature Principles 1. Analysis – Monitoring the emissions of companies in Evli’s funds through fund- specific carbon footprints and companies’ emission reduction targets. – Evli’s Responsible Investment team utilizes available tools and data to identify nature-related risks, dep
Slide 47: Evli's climate targets
47 Evli’s climate targets Evli aims to achieve net zero by 2050 at the latest. The interim target for the investments -50% reduction in indirect emissions from investments by 2030 (compared to 2019). 1 We are aware that a credible long-term net zero goal requires systematic work and sufficiently amb
Slide 48: Impact and allocation report
48 Impact and allocation report Alignment with the UN SGDs – Annual allocation and impact report provides investors visibility to the use of proceeds, impact generated by the underlying projects and SDG alignment, among others. Breakdown by use of proceeds category CONFIDENTIAL
Slide 49: Impact and allocation report
49 Impact and allocation report CONFIDENTIAL
Slide 50: What opportunities does the market currently offer?
50 WHAT OPPORTUNITIES DOES THE MARKET CURRENTLY OFFER? Evli Green Corporate Bond - Overview of the market CONFIDENTIAL
Slide 51: Evli's European and Global fixed income funds vs. the market
51 Evli’s European and Global fixed income funds and government bond funds vs. the market 30.9.2026 8,0 Evli’s European credit fund Evli European High Yield (6,92%) Evli’s Global credit fund 7,0 European Developed Markets High Yield Constrained Evli’s government bond fund Evli Emerging Markets Credi
Slide 52: Market outlook
52 Market outlook – The long-end sell-off has intensified over – Another solid earnings season: The Q2 – High all-in yields: Following the shift up in the past month. The 10-year OAT–Bund reporting season so far has been strong in the yield curve, the overall yield levels are spread has widened to a
Slide 53: Spreads: BBB-rated IG in Europe
53 Spreads: BBB-rated IG in Europe (02/10/2026) Last 5 years Since 1999 Source: ICE BofAML, EVLI CONFIDENTIAL
Slide 54: Spreads: B-rated HY in Europe
54 Spreads: B-rated HY in Europe (02/10/2026) Last 5 years Since 1999 Source: ICE BofAML, EVLI CONFIDENTIAL
Slide 55: Credit metrics (IG + HY)
55 Credit metrics (IG + HY) Investment Grade High Yield Source: ICE BofAML, Bloomberg, Cognitive CONFIDENTIAL
Slide 56: Credit metrics (IG + HY)
56 Credit metrics (IG + HY) Source: FactSet, Bloomberg, S&P Capital IQ, company data, Morgan Stanley Research CONFIDENTIAL
Slide 57: HY: 3-4% annual default rate expected by YE26
57 HY: 3-4% annual default rate expected by YE26 – Market default forecasts show around 3-4% default rates by year-end 2026. – For 2027, market expectations range from 2% to 4%. Healthy credit fundamentals and high balance sheet liquidity support lower default rate while prolonged war in Iran is a n
Slide 58: Benchmark total return % YTD 2026
58 Benchmark total return % YTD 2026 Past returns are no guarantee of future returns. Source: ICE BofAML, Evli. Returns are hedged to the EUR. CONFIDENTIAL
Slide 59: Evli's funds vs. the market
59 Evli’s funds vs. the market 30.9.2026 8,0 Evli’s Nordic credit fund Evli European High Yield (6,92%) Evli Nordic Senior Secured Loan (AIF; 6,96%) Evli’s European credit fund 7,0 European Developed Markets High Yield Constrained Evli’s Global credit fund Evli Nordic High Yield (6,74%) Evli’s gover
Slide 60: Evli's European and Emerging Markets corporate bond funds in a nutshell
APPENDIX 60 Evli’s European and Emerging Markets corporate bond funds in a nutshell Fund Evli Short Corporate Bond Evli Corporate Bond Evli Green Corporate Bond Evli European Investment Grade Evli European High Yield Evli Emerging Markets Credit Invests into Short dated European European investment
Slide 61: Evli's Nordic corporate bond and loan funds in a nutshell
APPENDIX 61 Evli’s Nordic corporate bond and loan funds in a nutshell Fund Evli Euro Liquidity Evli Nordic Corporate Bond Evli Nordic High Yield Evli Nordic Senior Secured Loan (AIF) Invests into Nordic ultra-short term corporate bonds Nordic crossover corporate bonds Nordic rated and unrated high y
Slide 62: Important information
62 Important information This marketing material is intended for non-professional and professional clients in Finland, Sweden, Lithuania, Latvia and Estonia. In other jurisdictions this Document is intended only for professional clients. The management company of the fund is Evli Fund Management Com
Slide 63: Disclaimer statement
63 Disclaimer statement Evli This presentation is intended only for the recipient's personal and private use. This material is based on sources that Evli Group (Evli) considers correct and reliable. However, neither Evli nor its employees give any guarantee concerning the correctness, accuracy or co
Slide 64: Evli contact and social media
LinkedIn – Evli Funds LinkedIn – Evli Funds Facebook – Evli Funds Facebook – Evli Funds Facebook – Evli Funds Message Service X – Evli Funds Message Service X – Evli Funds Message Service X – Evli Funds evli.com evli.com evli.com Evli Plc | Aleksanterinkatu 19 | P.O. Box 1081 | FI-00101 Helsinki, Fi