Taaleri Plc · OMXHEX:TAALA
Taaleri — Investor Day (November 2023)
105 slides from Taaleri's investor day presentation, Nov 22, 2023
Slide 1: Taaleri Capital Markets Day 22 November 2023
Taaleri Capital Markets Day 22 November 2023
Slide 2: Forward-looking statements disclaimer
It should be noted that Taaleri Group and its businesses are exposed to various risks and uncertainties, and that these presentations contain certain statements which are not historical facts, including, without limitation, estimates of the overall economic development and the market situation, expe
Slide 3: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 4: Peter Ramsay, CEO
TAALERI Investments Powering the Change Peter Ramsay y oS CEO ge a
Slide 5: Our purpose
Our purpose Taaleri Capital Markets Day 2023
Slide 6: Strategic targets: bioindustry investments and internationalisation
• Direct investments in EUR 4 billion At least bioindustry end of 2026 EUR 100 million • Internationalisation end of 2026 Taaleri Capital Markets Day 2023
Slide 7: Strategy period achievements
We put impact and We seek to scale all We are expanding We optimise return renewable energy at our businesses the sales and on capital and the heart of our distribution of our balance sheet usage operations private equity funds • 9 private equity • SW III’s target MEUR • Domestic • 69% dividend fund
Slide 8: Focus, Growth, Returns
Focus Growth Returns Create value and impact through Accelerate growth by attracting the Yield attractive returns to our bioindustry and renewable energy best talent and industrial partners, stakeholders by investments. Become an leveraging megatrends, expanding efficient use of capital internationa
Slide 9: Megatrends: climate change, electrification, urbanisation
Climate change Electrification Changing values Resource efficiency Urbanisation Taaleri Capital Markets Day 2023
Slide 10: Strong tailwinds for investing in bioindustry and renewables
Strong tailwinds for Security of supply and investing in bioindustry self-sufficiency (e.g. and renewables energy production) Regulatory changes Rising allocations into key steering capital towards infrastructure despite impact investments higher interest rates Taaleri Capital Markets Day 2023
Slide 11: Our vision
Our vision Taaleri Capital Markets Day 2023
Slide 12: Size and stage of investment
Size of investment Stage of investment Fund Fund Exit investment investment Co- Growth Industrial investments funding partners Taaleri Capital Markets Day 2023
Slide 13: Private Asset Management and Strategic Investments
Private Asset Management Strategic Investments Taaleri Capital Markets Day 2023
Slide 14: Strategic priorities for growth
Grow within our Make substantial industrial Expand our investor base Develop impact and business areas through investments and co-operate outside of Finland and sustainability in all both funds under with industrial partners partner with international investments throughout management and direct esp
Slide 15: Growth strengthens our market position
• Growth strengthens our market position, attracts talent and makes us more relevant to our value chain. • We make investments in both talent and companies to drive our growth. • Our business areas are in different stages of maturity, allowing us to grow profitably. KPIs: AUM (private equity funds),
Slide 16: Becoming an industrial operator in bioindustry
• We want to become a meaningful industrial operator in the rapidly evolving bioindustry ecosystem. • We make long-term direct minority or majority investments or co-investments in companies that aim to solve global challenges in a profitable, measurable and impactful way. • We create value and oppo
Slide 17: Leading manager for bioindustry and renewables investors
• We aim to be a leading manager that investors turn to when considering investing in bioindustry or renewables. • We strengthen our sales towards major institutional clients and international investors both directly and through third-party distributors. KPIs: 50% of AUM in new funds from non-Finnis
Slide 18: Climate and sustainability solutions through investments
• We strive to find and promote solutions to climate and other sustainability challenges with our investments. We emphasize positive impact in our operations. • We use credible sustainability criteria and targets. We make our investment decisions based on economic factors, impact potential, sustaina
Slide 19: Expertise across the investment lifecycle
The robust expertise of our engineers and financial, legal and sustainability experts spans across the entire lifecycle of our investments and projects. Taaleri's long experience, networks with industrial partners, know-how and expertise enable us to anticipate the changes taking place in the market
Slide 20: Competitive shareholder returns
Competitive shareholder returns Pm - Returns on Returns on Continuing Recurring y , A Direct Strategic Earnings formance fees Investments Investments Growth in EBIT Competitive shareholder returns * TAALERI
Slide 21: Growth, return on equity, dividend targets
Growth Return on equity Dividend Growth in Group continuing earnings ROE Payout of the FY profit and performance fees p.a. Taaleri Capital Markets Day 2023
Slide 22: Targets and milestones 2024-2026
2024 2025 2026 • SolarWind III near final close • SolarWind III final close • Exit of SolarWind I fund • Exit of Wind II & III funds • Launch new Bioindustry • Prepare launch of 2026 • Build Bioindustry direct funds SolarWind IV target investments and team • Execute Bioindustry direct • Launch Bioin
Slide 23: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 24: Minna Smedsten, CFO
TAALERI Focus on all strong investor4 | 4 a returns "in.
Slide 25: Focus, Growth, Returns
Focus Growth Returns Create value and impact through Accelerate growth by attracting the Yield attractive returns to our bioindustry and renewable energy best talent and industrial partners, stakeholders by investments. Become an leveraging megatrends, expanding efficient use of capital internationa
Slide 26: Competitive shareholder returns
Competitive shareholder returns Pm - Returns on Returns on Continuing Recurring y , A Direct Strategic Earnings formance fees Investments Investments Growth in EBIT Competitive shareholder returns * TAALERI
Slide 27: Fee income from alternative funds
Taaleri receives long-term income from its alternative funds. The fee income comprises of management fees and performance fees. The recognition of fee income is somewhat different between domestic and international funds. 1 2 3 4 5 6 7 8 9 10 Management fee Performance fee AUM Taaleri Capital Market
Slide 28: AUM development and distributions to fund investors
3.0 3 6% 2.6 6% 2.5 2.5 2.2 2.5 1.0 Renewable energy 2.0 1.1 2 1.7 Real estate 1.0 26% 1.4 1.5 1.5 Bioindustry 0.6 62% 1.0 0.5 Other 1.0 1 0.4 1.6 1.2 1.4 0.5 0.9 1.1 0.5 0.6 0.0 0 2018 2019 2020 2021 2022 Q3 2023 -0.5 -0.5 -1.0 -1 Cumulative distributions to Fund investors AUM, Renewable energy AUM
Slide 29: Performance fees at exit
8.0 7.0 Exited Taaleri funds and co-investments 6.0 2014–2023/Q3 5.0 4.0 3.0 2.0 1.0 0.0 Exited Taaleri funds and co-investments 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q1-Q3 2014–2023/Q3 2023 Taaleri's Performance fees at exit, MEUR Taaleri Capital Markets Day 2023
Slide 30: Private Asset Management investment income
Private Asset Management and Group Other 20.0 15.0 • Successful performance of investment income 10.0 • Strategic target to accelerate Bioindustry 5.0 • Strategic target to increase investments in Private Asset Management to more 0.0 than EUR 100 million by end of 2026 and 2014 2015 2016 2017 2018 2
Slide 31: Garantia profit and dividends to Taaleri
25 25.0 MEUR 19.5 20 20.0 15.9 15.0 15 15.0 13.3 11.0 10.710.0 10.0 10.0 9.0 10 7.3 6.8 6.1 6.0 5.0 5.0 5 5.0 3.0 0 0.0 2015 2016 2017 2018 2019 2020 2021 2022 LTM 2023 -1.6 -5 -5.0 -10 2015 2016 2017 2018 2019 2020 2021 2022 LTM 2023 Insurance service result Net income from investment operations Ot
Slide 32: LTM Q3 2023
LTM Q3 2023 4,4 Taaleri Capital Markets Day 2023
Slide 33: Growth, profitability, shareholder value
Growth Profitability Shareholder value Growth in continuing earnings Operating profit margin ROE Continuing operations / Continuing and discontinued operations Taaleri Capital Markets Day 2023
Slide 34: Growth, return on equity, dividend
Growth Return on equity Dividend Growth in Group continuing earnings ROE Payout of the FY profit and performance fees p.a. Continuing operations / Payout from continuing operations / Continuing and discontinued operations Payout from continuing and discontinued operations Taaleri Capital Markets Day
Slide 35: Balance sheet composition
31.12.2022: €28.8 million 31.12.2022: €152.5 million 31.12.2022: €299.9 million 31.12.2022: €200.5 million Other assets Cash and cash equivalents Garantia’s investment portfolio Private Asset Management 31.12.2022: 66.9% 31.12.2022: €25.2 million 31.12.2022: €46.8 million segment’s investments Non-s
Slide 36: Financial results (MEUR)
MEUR -34,0 Taaleri Capital Markets Day 2023
Slide 37: Improved reputation and stakeholder support
% of shares Taaleri has significantly Private companies improved its reputation and stakeholder support Financial and insurance institutions during the strategy period and is well Public sector and organizations positioned among mid Households cap organisations and finance sector. Non-profit instit.
Slide 38: Total shareholder return, annualized
Total shareholder return, annualized • 10.3% increase in share price • 4.6% dividends paid Total shareholder return, annualized • 1.3% increase in share price • 12.2% dividends paid Taaleri Capital Markets Day 2023
Slide 39: Total shareholder return
Total shareholder return • 181% increase in share price • 150% dividends paid Total shareholder return • 3.8% increase in share price • 39.7% dividends paid Taaleri Capital Markets Day 2023
Slide 40: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 41: Mikko Ervasti, Head of Sales
TAALERI Expanding & investor base internationally Mikko Ervasti Head of Sales
Slide 42: Leading manager for bioindustry and renewables investors
• We aim to be a leading manager that investors turn to when considering investing in bioindustry or renewables of AUM in new funds from non-Finnish investors • We strengthen our sales towards major institutional clients and international investors both directly and through third-party distributors
Slide 43: Taaleri Capital Markets Day 2023
Taaleri Capital Markets Day 2023
Slide 44: In-house expertise and sustainability as competitive edge
• We deliver in-house expertise or partner with experts in our investments, overseeing the investment’s lifecycle end-to-end • Sustainability and impact as a competitive edge – in operations, governance and reporting • Being early movers opens opportunities that we are and have been able to capitali
Slide 45: Appealing home base for talent and fund managers
Appealing home base for talent and Builds and supports strong fund investment ideas management teams from various backgrounds Leads fundraising and facilitates fund manager structures for effective deployment of strategies Stakeholder trust earned and maintained with compliance and professionalism L
Slide 46: Forecast AUM in unlisted infrastructure
Forecast AUM invested in unlisted infrastructure globally by the end of 2027: • Sustainability-driven megatrends and a strong demand for novel industrial and energy solutions support growth in bioindustry and renewables ecosystems. • There is a growing desire among international LPs to invest in sus
Slide 47: Taaleri has the right focus areas
Despite some short-term challenges, Taaleri has the right focus areas Taaleri focus areas Private equity Venture capital Private debt Hedge funds Real estate Infrastructure Natural resources 70% 60% Proportion of respondents 50% 40% 30% 20% 10% 0% Increase allocation Maintain allocation Decrease all
Slide 48: Share of AUM from non-Finnish investors
of AUM in new funds from non-Finnish investors of AUM in 2026 Taaleri Capital Markets Day 2023
Slide 49: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 50: Siri Markula, Head of Investor Relations
Siri Markula Head of Investor Relations, Sustainability and Communications
Slide 51: Impact and sustainability throughout investment lifecycle
• Our strategic goal is to develop impact and sustainability in all investments throughout their lifecycle. • We strive to find and promote solutions to climate and other sustainability challenges with our investments. We emphasize positive impact in our operations. • We use credible sustainability
Slide 52: EU Taxonomy and sustainability reporting regulation
• Directing private funding into more sustainable economic activities • Mandatory sustainability reporting: Corporate Sustainability • Aims to increase transparency and comparability to avoid Reporting Directive, CSRD greenwashing • FY 2025 → • Classification system • Disclosure requirements based •
Slide 53: Sustainability targets
• All new funds SFDR Article 9 or 8 • Increase volume and share of investments aligned with EU Taxonomy • Impact • In direct investments internal sustainability standards • Net zero GHG emissions by 2050 Taaleri Capital Markets Day 2023
Slide 54: Taaleri Capital Markets Day 2023
Taaleri Capital Markets Day 2023
Slide 55: SFDR product classification
Increased transparency & requirements • All financial products not classified • Product promotes environmental • The fund’s goal is to only make as Article 8 or 9 products or social characteristics sustainable investments • Integration of sustainability risks • Can make sustainable investments, • Su
Slide 56: Article 8 and 9 share of AUM
~75% The fund promotes environmental The fund has sustainable investment as its objective; hence all and/or social characteristics. investments need to contribute to an environmental objective and of Taaleri’s AUM ‘do no significant harm’ to other sustainability objectives. consists of financial pro
Slide 57: EU Taxonomy eligibility and alignment
% 1. Substantial contribution to an environmental objective 100 12% Uneligible investments Environmental objectives: 1. Climate change adaptation 2. Climate change mitigation 3. Sustainable use and protection of water and marine resources 4. Transition to a circular economy 50 5. Pollution preventio
Slide 58: Sustainability goals by business
Sustainability goals: Sustainability goals: Sustainability goals: • Promotion of circular economy • Replacing fossil energy production • Energy efficiency • Replacement of fossil and virgin • Mitigating climate change • Accessibility of housing materials • Mitigating climate change Renewable and Emi
Slide 59: International private equity fund: renewable energy
• International private equity fund with 12 projects in the Nordics, the Baltics, Poland, South-East Europe, Spain and Texas • Many projects still under construction, hence avoided emissions will grow to approximately over 1 million tonnes of CO2 annually • ESG AAA European Award Best ESG Fund: Ener
Slide 60: Investment process
Negotiations Investment and Active target Due diligence Exit investment ownership screening decision Taaleri Capital Markets Day 2023
Slide 61: Taaleri Capital Markets Day 2023
Taaleri Capital Markets Day 2023
Slide 62: Net impact of Taaleri
Source: Upright Platform • The net impact of Taaleri is estimated to be positive – our net impact ratio is +36%. • The largest positive impacts come from our investments in renewable energy and bioindustry, which have a significant displacing effect on emissions. • We use resources and cause adverse
Slide 63: Net Zero Asset Managers commitment
• Taaleri committed to the Net Zero Asset Managers (NZAM) initiative in November 2021. The commitment applies to all our assets under management in the Private Asset Management segment. • The NZAM initiative is an international group of asset managers committed to supporting the goal of net zero gre
Slide 64: Sustainability governance
• Board of Directors guides and ensures Risk & Compliance Group Manager sustainability work. HR • Executive Management Team leads, Group Manager develops, resources and monitors the Businesses: ESG progress of sustainability work. Bioindustry, ESG Team Committee Renewable Currently three Currently 1
Slide 65: Sustainability in incentives and training
• Each and every Taaleri employee has a concrete sustainability goal or goals in their short-term remuneration targets. • Integrating sustainability into incentive schemes ensures that sustainability work is carried out throughout the organization. • We organise mandatory personnel training to raise
Slide 66: Taaleri Capital Markets Day 2023
Taaleri Capital Markets Day 2023
Slide 67: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 68: Bioindustry – Leading the way in Europe
TAALERI Bioindustry Bioindustry
Slide 69: European frontrunner
• Promotion of circular economy • Replacement of fossil and virgin materials European frontrunner • Mitigating climate change • Taaleri Bioindustry develops and invests in industrial scale plants and companies that enable the growth of bioeconomy sector globally. Carbon handprint*, Renewable and tCO
Slide 70: Bioindustry investments
* Other than wind and solar Taaleri Capital Markets Day 2023
Slide 71: Strategic priorities
Focus on sustainable investments Our focus areas are in renewable materials; replacing the use of virgin natural resources in several different industries like packaging, fabrics, Strategic priorities energy; and circularity of materials Attract new international investors Current investors Finnish
Slide 72: Direct investments and investment size
Investment size • Taaleri aims to create value and opportunities for all our stakeholders by being a frontrunner in MEUR the rapidly evolving bioindustry ecosystem. 20- Taaleri’s direct investments • We make direct minority or majority investments or co-investments in companies that aim to solve glo
Slide 73: Shifting from fossil-based materials: investment timeline
We aim to 2011 2012-13 2014-15 2016-17 2018-19 2020-21 2022-23 2024-25 2026- speed up the shift from fossil-based materials to sustainable solutions Bio I by enabling disruptive technologies to go to market Biocoal Biorefinery (Fintoil) Biogas Exited Direct investments Investment period Taaleri Capi
Slide 74: Targets and milestones 2024-2026
2024 2025 2026 • Manage investments • Manage investments of Bio I • Manage investments of of Bioindustry Fund I (“Bio I”) Bio I and VC 2026 • Continue investing from Bio I target • Continue making investments • Continue investing from for Bio I • Launch of new funds on Bio I, and new Funds Bioindust
Slide 75: Value chain: development to funds management
Proprietary deal flow with advantageous terms and higher quality, development management, Development developer relationships Deal sourcing, transaction execution at entry and exit, financial engineering, refinancing, investment Investment management Technical due diligence management, on-time and b
Slide 76: ESG AUM growth forecasts
100 80 $ billion 60 Retail & Institutional ESG AUM 40 (USD billions) 2021 vs. 20301 20 0 2021 2028F Year 2021A 2025F 2030F Low range of 7,800 14,000 20,000 forecast High range of 7,800 19,000 30,000 700 forecast 600 500 $ million 400 300 200 100 0 2021 2027F Sources: (1) Broadridge (https://www.broa
Slide 77: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 78: Investing in the energy transition
Investing in the energy transition
Slide 79: Investing in the energy transition
• Replacing fossil energy production Investing in the energy transition • Mitigating climate change • We develop and invest in utility scale wind farms, solar plants and battery energy storage systems. We manage assets Emission reduction in 2022, tonnes of carbon throughout their entire lifecycles.
Slide 80: Strategic priorities
Maintain strong investment performance Maximise the performance and value of existing solar, wind and battery Strategic priorities storage investments, making Taaleri Energia managed funds attractive to a wide pool of institutional investors SolarWind III fundraising Present an attractive investment
Slide 81: Targets and milestones 2024-2026
2024 2025 2026 • SolarWind III near final close • SolarWind III final close • Invest SolarWind III • Invest SolarWind III • Invest SolarWind III • Manage construction of SolarWind III projects • Manage construction of • Manage construction of SolarWind III projects SolarWind III projects • Enhance v
Slide 82: Renewable energy AUM and earnings
40.0 2.0 30.0 70.00% Billions 35.0 CAGR on AUM 24.0 % 60.00% (2018-Q3 2023) 25.0 53.6 % 53.6 % 30.0 1.5 19.9 44.7 % 50.00% 25.0 18.8 20.0 41.4 % 34.5 % 40.00% 20.0 11.2 10.6 1.0 7.9 15.0 30.00% 1.6 15.0 10.0 1.4 18.3 19.6 1.2 10.0 20.00% 1.1 0.5 0.9 15.0 15.0 15.4 16.7 14.6 5.0 11.5 10.6 5.0 7.9 10.
Slide 83: Fund mandates over 12 years
Over the last 12 years, we 2011 2012-13 2014-15 2016-17 2018-19 2020-21 2022-23 2024-25 2026- have gradually grown the investment mandate of our SolarWind III funds both in terms of technology and geography. Mandates Taaleri Energia's most SolarWind II recent fund SolarWind III invests in onshore wi
Slide 84: Value chain: development to funds management
Proprietary deal flow with advantageous terms and higher quality, development management, Development developer relationships Deal sourcing, transaction execution at entry and exit, financial engineering, refinancing, investment Investment management Technical due diligence management, on-time and b
Slide 85: Global infrastructure AUM and renewable capacity growth
Global AUM in infrastructure is expected to grow over the coming years due to strong investor demand At the same time, the wind, (GW) solar and battery storage markets in Europe and the US will be experiencing rapid growth to facilitate energy transition Sources: Preqin. 2020 figures are annualized
Slide 86: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 87: A housing fund pioneer in Finland
A housing fund pioneer in Finland
Slide 88: A housing fund pioneer in Finland
• Energy efficiency A housing fund pioneer in Finland • Accessibility for sustainable housing • Specialising in real estate fund, investment and asset management. Operating in Finland since 2009. Affordable rental apartments built or under • AIF manager for 7 closed-end real estate funds. Among the
Slide 89: Strategic priorities
Grow Real Estate Business Utilize current real estate cycle through M&A, Strategic priorities scale business via Group and Aktia distribution. Sustainable Investment Products Leverage Group’s ESG excellency and growing investor demand for impact and sustainable products. Professional Real Estate Man
Slide 90: Targets and milestones 2024-2026
2024 2025 2026 • Utilize M&A opportunities • Utilize M&A opportunities • Scale real estate business • Launch new sustainable real estate • Exit real estate funds at their • Launch new sustainable real estate products exit phase products 2026 • Grow Taaleri Housing Fund VIII • Grow Taaleri Housing Fu
Slide 91: Track record in housing funds
Over the last 12 years, 2020 2021 2022 2023 2024 2025 2026 we have built strong track record in housing funds. Open-End RE Fund Mandates Our most recent fund Taaleri Housing Fund VIII Rental home Housing Fund VI Housing Fund VIII Housing Fund IV invests in sustainable built-to-rent residential in la
Slide 92: Real estate management services
Portfolio Strategic portfolio management for best portfolio level performance.. Management Investment Sourcing, investment analysis, business plans, due diligence, deal negotiations, transactions, Management corporate and tax structuring. Asset Commercial, financial and technical asset management fo
Slide 93: Finnish real estate market conditions
12 10 8 6 • Transaction volume at a 4 record low level. 2 0 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023/Q3 • Volume of Domestic buyer International buyer residential development decreased sharply • Current oversupply 45,000 expected to turn into lack 40,000 35,000 of apartments next
Slide 94: Agenda and presenters
Siri Markula, Head of Investor Relations, Sustainability and Communications Bioindustry – Leading the way in Europe Tero Saarno, Director, Bioindustry Peter Ramsay, CEO Renewable Energy – Investing in the energy transition Kai Rintala, Director, Renewable Energy Minna Smedsten, CFO Real Estate – A h
Slide 95: Modernising collateral practices
Modernising collateral practices
Slide 96: Scalable guarantee insurance solutions
Scalable guarantee insurance solutions • Garantia is an independent non-life insurance company specialising in guarantee insurance (i.e. credit risk insurance). • We underwrite guarantees for consumers and corporates • We pool together insurance premiums that our customers pay to offset the risk of
Slide 97: Competitive advantages
Competitive advantages Million Portfolio • We have an extensive network of long-term partnerships and customer relationships • Guarantees for homeowners, • We operate a business model that is very efficient and scalable landlords and tenants • Our team has extensive expertise in risk selection and d
Slide 98: Strategic priorities
Realizing the full potential of existing distribution channels Improving the utilisation rates of existing distribution channels Strategic priorities closer to full potential, especially concerning the Residential Mortgage Guarantee. Expanding the distribution network also internationally Building n
Slide 99: Increasing market penetration of Residential Mortgage Guarantee
2024 2025 2026 • Increasing the market • The Residential Mortgage • Strengthening and penetration rate of the Guarantee is an increasingly expanding co-operation Residential Mortgage popular supplementary with current and new Guarantee collateral for home loans partners • Gaining new partnerships fo
Slide 100: Garantia growth and profitability since 2015
Business has grown and profitability improved significantly since Taaleri acquired Garantia in 2015 M€ 25.0 90% 80% 20.0 71% 20.0 18.6 19.1 70% 64% 60% 15.6 60% 55% 15.0 14.2 13.2 50% 11.6 55% 35% 11.0 10.4 37% 40% 35% 10.0 56% 53% 30% 45% 26% 22% 4% 3% 20% 41% 35% 33% 5.0 10% 21% 21% 17% 8% 8% 10%
Slide 101: Garantia income from insurance and investment operations
3.0 30.0 25.0 2.5 25.0 10.3 20.0 2.0 20.0 9.2 2.5 15.0 15.0 0.0 1.5 22.0 10.0 10.0 17.6 1.0 1.9 1.8 1.8 1.7 1.8 14.6 13.7 15.4 14.3 12.0 12.7 11.9 5.0 5.0 0.5 4.6 0.0 0.0 2019 2020 2021 2022 Q3/2023 2019 2020 2021 2022 Q3/2023 0.0 -8.5 (LTM) (LTM) 2019 2020 2021 2022 Q3/2023 -5.0 -5.0 -10.0 -10.0 Ne
Slide 102: Major banks and other financial institutions
Major banks and other financial institutions Taaleri Capital Markets Day 2023
Slide 103: Taaleri Capital Markets Day 2023
Taaleri Capital Markets Day 2023
Slide 104: Taaleri Investments Powering the Change
TAALERI Investments Powering the Change a
Slide 105: Taaleri Plc contact details
Taaleri Plc Kasarmikatu 21 B, 00130 Helsinki