Taaleri Plc · OMXHEX:TAALA
Taaleri — Investor Day (September 2025)
100 slides from Taaleri's investor day presentation, Sep 2, 2025
Slide 1: Capital Markets Day 2025
TAALERI Capital Markets Day 2029 2 September 2025
Slide 2: Taaleri Capital Markets Day 2025 – Agenda
Taaleri Capital Markets Day 2025 – Agenda EEST Topic Presenter 13:00 Opening of the CMD 2025 Linda Tierala, Head of Investor Relations 13:05 Taaleri’s strategy 2026–2028 Ilkka Laurila, CEO 13:50 Garantia Henrik Allonen, Managing Director, Garantia 14:05 Q&A Break (15 min) 14:30 Renewable energy Kai
Slide 3: Ilkka Laurila, CEO
Ilkka Laurila CEO 2 September 2025
Slide 4: Public 2 September 2025
Public 2 September 2025 4
Slide 5: Powering Change with Capital
Powering Change with Capital Taaleri is a frontrunner in investment and asset management, focusing on transformational opportunities in private capital TAALERI
Slide 6: Customers, People, Investments
Customers People Investments Public 2 September 2025 6
Slide 7: Taaleri – Powering Change with Capital
Taaleri – Powering Change with Capital Taaleri is a frontrunner in investment and asset management, focusing on transformational opportunities in private capital. Assets under Guarantee Established Management insurance portfolio 88% of all products have sustainability objectives or Employees Revenue
Slide 8: Taaleri's milestones
Taaleri’s milestones Taaleri’s journey in private capital and insurance Entry into bioindustry Entry into the insurance business First listed asset manager in Finland Establishment of the first renewable energy fund Entry into private asset management, including real estate Taaleri becomes a Credit
Slide 9: Taaleri today: a specialized private asset manager and credit risk insurance company
Taaleri today: a specialized private asset manager and credit risk insurance company Investments: Garantia Private Asset Management Development Capital Insurance: Infrastructure: Private Equity: Real Estate: Development capital and other investments: • Credit risk insurance • Renewable • Bioindustry
Slide 10: Taaleri relies on three synergistic businesses driving impact, growth and value creation
Taaleri relies on three synergistic businesses driving impact, growth and value creation VALUE CREATION POTENTIAL Opportunistic growth driver Insights and Development Capital expertise Growth from expanding the Risk existing platform Private Asset Management tolerance Stable cash flow over Garantia
Slide 11: Taaleri has a strong track record in seizing transformational opportunities
Taaleri has a strong track record in seizing transformational opportunities supported by megatrends Finding new opportunities in sectors with attractive risk-adjusted returns and long-term predictable cash flows is strongly embedded in Taaleri’s DNA Urbanisation & Digital Green transition & Circular
Slide 12: Sustainability is engrained in Taaleri's business model
Sustainability is engrained in Taaleri’s business model Renewable energy investments drive Bioindustry businesses benefit decarbonisation of the economy from circular business models renewable energy produced equivalent of the average energy consumption of 400k + households avoided emissions through
Slide 13: The private capital market is expected to grow by 10% p.a. in Europe
The private capital market is expected to grow by 10% p.a. on average in Europe $bn Forecast CAGR CAGR ’19-’24F ’24F-’29F +10% 5,327 4,786 4,525 Other* 15% 9% 4,056 Venture capital 11% 10% +12% 3,245 3,555 Fund of funds 10% 10% 2,678 2,776 2,938 Real estate 5% 9% +10% Private debt 11% 8% 2,182 1,841
Slide 14: Expertise as the cornerstone of success
Expertise as the cornerstone of success Taaleri’s employees have a diverse educational background Expertise in investments, asset management, development, technical due diligence and environmental engineering, Other among others 3% Environmental management 2% Investments and exits Legal executed in
Slide 15: Taaleri's approach is backed by megatrends, market growth and expertise
Taaleri’s approach is backed by megatrends, market growth and expertise Value creation is at the core of Taaleri’s activities Taaleri’s focused approach Private capital markets grow Opportunities for specialised Megatrends strengthen at an attractive pace private asset fund managers further Demand f
Slide 16: Our strategic priorities for 2026–2028
Our strategic priorities for 2026–2028 Capture Garantia’s growth Expansion of private asset Attractive return on potential management development capital Increased awareness that drives growth in Grow fund sizes within existing strategies. Achieve a return that exceeds the group's both mortgage and
Slide 17: Capture Garantia's growth potential
Strategic objectives and KPIs Capture Garantia’s growth potential Growth in insurance service result Garantia is a specialist in insuring credit risk Strategic priorities for expanding business Expansion into neighbouring • Increase consumer awareness and making the Residential markets Mortgage Guar
Slide 18: Expansion of private asset management
Expansion of private Strategic objectives asset management Launch new vintages in existing three Grow fund sizes and expand to new strategies flagship strategies Strategic priorities for expanding the private asset management business • Further expand our activities across three main asset Launch se
Slide 19: Proven ability to grow sequential funds across investment strategies
Expansion of private asset management Proven ability to grow sequential funds across investment strategies Taaleri Energia Taaleri Real Estate Taaleri Bioindustry €m Equity commitments €m Investment value €m Equity commitments 900 350 160 800+ 150+ 800 +213% 300 300 140 700 +42% 120 600 250 107 503
Slide 20: Our offering is specialised and limited compared to the total private asset universe
Expansion of private asset management Our offering is specialised and limited compared to the total private asset universe Growth through the expansion of the offering to adjacent sectors and products Venture Growth Private equity capital Growth Thematic: Bioindustry Buyout Secondaries Value-add to
Slide 21: We cater to multiple investor groups with a targeted approach
Expansion of private asset management We cater to multiple investor groups with a targeted approach Market composition Taaleri’s investor mix and approach Offer geographic and sector exposure by combining International LPs internal capabilities with select placement agents Finnish Tier I LPs Offer b
Slide 22: Attractive return on development capital
Strategic objectives and KPIs Attractive return on development capital Investment returns exceeding Taaleri Group ROE target Strategic priorities for development capital operations Project IRR on average • Investment criteria: broad mandate and investments in both the current portfolio and new targe
Slide 23: Market opportunity in development capital
Attractive return on development capital Market opportunity in development capital We provide active capital for transformational value creation and growth in situations where capital markets don’t function optimally. • Transitional situations: – Finland’s Room for Growth project • Growth financing
Slide 24: We support existing and new investment opportunities with expertise
Attractive return on development capital We support existing and new investment opportunities with expertise Existing and new development portfolio Value creation through Development Capital Value capture Internal and Equity or debt Expertise & fees Exit Strategic holding external capital Existing I
Slide 25: Our toolbox includes inorganic opportunities
Selectively utilise inorganic growth opportunities Our toolbox includes inorganic opportunities Growth avenues through M&A New teams and strategies Partnerships with distribution Insurance market partnerships channels Continuous process to vet strategies Access to new distribution channels, Opportun
Slide 26: We are actively exploring multiple avenues for growth
We are actively exploring multiple avenues for growth Garantia Private Asset Management Development Capital Growth avenues Scale existing New products Develop Invest in new existing opportunities portfolio Organic Inorganic Distribution Investment opportunities Organic Inorganic Organic Inorganic Pu
Slide 27: A roadmap towards strategic milestones for 2026–2028
A roadmap towards strategic milestones for 2026–2028 Garantia • Expand Garantia’s banking partner network Growth p.a. in insurance service • Increase sales activity to build trust and recognition result Private Asset Management • Grow AUM within existing segments Increase private asset • Selectively
Slide 28: Updated long-term financial targets 2026–2028
Updated long-term financial targets 2026–2028 Profitability growth Return on equity (ROE) Dividend policy Growth in operating Dividend payout profit from continuing ROE at fair value** ≥ ratio*** earnings* 10.5% 13.4% 55.9%**** Average growth p.a. achieved 2023- Weighted average ROE at fair value Pa
Slide 29: Our vision
Our vision Our vision is to be the preferred choice for our investors and partners TAALERI
Slide 30: Executive summary
Executive summary We seek growth across all three synergistic businesses We capitalise on Garantia’s We seek to improve We aim to achieve returns distinctive market position, profitability by scaling above our ROE target on and open up multiple existing private asset both existing and new avenues fo
Slide 31: Garantia outlook 2026-2028
Garantia outlook 2026-2028
Slide 32: We provide confidence in every credit decision
Powering Change with Capital We provide confidence in every credit decision TAALERI Public
Slide 33: Credit risk insurance as part of Taaleri
Credit risk insurance as part of Taaleri Specialised insurer Key figures: • Garantia is an independent non-life insurance company specialised in insuring credit risk Strong solvency • Garantia offers easy and cost-effective credit risk insurance (Solvency II) solutions for consumers, businesses and
Slide 34: Market recovery boosts consumer guarantees
Market recovery boosts consumer guarantees Recovery evident in data from H1/2025 Market highlights H1/2025 Average interest rate of new Volume of New Residential Mortgage Loans in Finland loans in June 2025, down (€bn) from 4.3% in June 2024 25 22.5 20.4 19.5 20 18.4 18.5 Decrease in monthly instalm
Slide 35: External forces affecting Garantia's insurance business
External forces affecting Garantia’s insurance business Housing market demand Consumer confidence Financial sector and employment regulation Level of loan defaults Interest rates and bankruptcies Business investment and availability of financing Public 2 September 2025 35
Slide 36: Garantia has earned stable revenues profitably
Garantia has earned stable revenues profitably Insurance revenue sustained despite significant market drop Insurance revenue, IFRS, €m* Combined ratio, IFRS, %* 25.0 90% 80% 71% 20.0 18.6 19.1 19.0 18.9 18.7 70% 64% 60% 15.6 60% 55% 15.0 14.2 13.2 50% 11.0 11.6 55% 35% 10.4 40% 37% 35% 34% 10.0 56%
Slide 37: Garantia's guarantee insurance and investment portfolio
Garantia’s guarantee insurance and investment portfolio Garantia’s insurance portfolio benefits from a large share of low-risk consumer exposure Guarantee insurance portfolio split (Q2/2025) Investment portfolio split (Q2/2025) Shares and funds 4% 18% 21% Private equity funds Real estate funds Consu
Slide 38: Garantia's competitive advantages
Garantia’s competitive advantages We provide confidence in every credit decision Deep understanding Scalable & efficient Strong solvency Committed team of client business business model models We have developed a We have an efficient We are a reliable partner Our team is committed, deep understandin
Slide 39: Garantia's strategic priorities 2026–2028
Garantia’s strategic priorities 2026–2028 Strong solvency enables business expansion both domestically and internationally Increasing Residential Mortgage Expanding our distribution Optimizing the use of capital Guarantee market share Our vision is to make the Residential We seek expand our distribu
Slide 40: A roadmap towards Garantia's strategic milestones for 2026–2028
A roadmap towards Garantia’s strategic milestones for 2026–2028 We provide confidence in every credit decision Grow insurance operations Increasing the market share of the Residential Mortgage Guarantee Growth in insurance • Increasing brand & product awareness and making the most preferred option i
Slide 41: Garantia's recent financial development
Garantia’s recent financial development Garantia’s has two sources of income: insurance and investment income Revenue 12 months, €m Operating profit 12 months, €m Gross insurance exposure, €bn Net investment income 30 2.0 1.9 1.7 1.7 Net result from insurance operations 1.7 24.3 25 Revenue 1.5 30 25
Slide 42: Garantia's strong profitability generates stable dividends for Taaleri
Garantia’s strong profitability generates stable dividends for Taaleri Garantia has distributed €93 million for Taaleri as dividends since the acquisition in 2015 Garantia’s dividend distributions by year of payment (€m) 16 15.0 15.0 15.0 14 12 10.0 10.0 10 9.0 8 6.0 6 5.0 5.0 4 3.0 2 0 2016 2017 20
Slide 43: Good performance in a recovering market
Good performance in a recovering market Growth from increased market share, new or extended partnerships and possibly international ambition Stable source of cash flow within Taaleri Group Public 2 September 2025 43
Slide 44: 2 September 2025
TAALERI 2 September 2025
Slide 45: Kai Rintala, Managing Director, Taaleri Energia
Kai Rintala Managing Director Taaleri Energia 2 September 2025
Slide 46: Renewable energy outlook 2026-2028
Renewable energy outlook 2026-2028
Slide 47: Renewable energy at Taaleri
Renewable energy at Taaleri Key figures: Taaleri Energia is a renewables fund manager focused Assets under management on wind, solar and battery storage Taaleri Energia highlights Portfolio of operational, • We develop, contract, construct, operate and divest utility scale wind construction and farm
Slide 48: We invest in high-impact projects that drive the global transition to clean energy
Powering Change with Capital We invest in high- impact projects that drive the global transition to clean energy and create sustainable value TAALERI Energia
Slide 49: The renewable energy market outlook is bullish, and capacity is expected to grow significantly
The renewable energy market outlook is bullish, and capacity is expected to grow significantly Installed capacity in EU and North America regions The European and US onshore wind, (onshore wind + solar PV + storage), GW photovoltaic solar and battery storage 1800 markets are expected to grow by 11%
Slide 50: We are diversified across more than ten countries and three technologies
We are diversified across more than ten countries and three technologies Hybrid Onshore projects wind Nordics & ~25% ~25% Baltics ~25% ~25% Texas BESS Solar PV Poland & Spain Southeast Europe Public 2 September 2025 50
Slide 51: Taaleri Energia's strategic priorities and KPIs
Taaleri Energia’s strategic priorities and KPIs 2026–2028 We are accelerating the global transition to clean energy Maintain strong Deploy capital to Prepare for and raise the Further explore growth investment performance attractive opportunities SolarWind IV Fund opportunities Maximise the performa
Slide 52: Taaleri Energia has a proven track record
Taaleri Energia has a proven track record Taaleri Energia has systematically grown its fund sizes since 2011 Taaleri SolarWind III 2011 2012-13 2014-15 2016-17 2018-19 2020-21 2022-23 2024-25 2026- Wind I €65m • Attracted re-ups from most existing SolarWind II Fund investors Wind II €84m1 • Captured
Slide 53: A roadmap towards Taaleri Energia's strategic milestones for 2026–2028
A roadmap towards Taaleri Energia’s strategic milestones for 2026–2028 We are accelerating the global transition to clean energy Deploy capital • Drive value across the entire asset portfolio • Invest the SolarWind III Fund Capital to be invested • Invest the SolarWind IV Fund Fundraising • First cl
Slide 54: Renewable energy business recent financial development
Renewable energy business recent financial development Renewable energy business Revenue previous 12 months, €m Operating profit previous 12 months, Renewable energy AUM, €bn €m 26 12 2 1.8 25.1 10.4 1.7 25 10 1.6 8.9 9.1 1.6 1.4 24 8 7.5 1.2 23.3 23.4 6.7 1.2 23 6 22.3 22.1 0.8 22 4 0.4 21 2 20 0 0
Slide 55: Quote from Kai Rintala
“We are diversified across three technologies and more than ten countries, allowing us to pursue opportunities selectively in high power price and high price volatility markets for better returns.” — Kai Rintala, Managing Director, Taaleri Energia TAALERI Public Energia 2 September 2025
Slide 56: Taaleri Energia has a 14-year track record
Taaleri Energia has a 14-year track record with €1.7bn equity raised for the development, construction and operation of wind, solar and battery storage assets Our technological and geographical diversification allows us to pursue opportunities selectively for better returns We seek to maximise the p
Slide 57: Marjatta Rytömaa, Managing Director, Taaleri Bioindustry
Bioindustry Marjatta Rytömaa Managing Director Taaleri Bioindustry 2 September 2025
Slide 58: Bioindustry outlook 2026-2028
Bioindustry outlook 2026-2028
Slide 59: Accelerating the shift from a fossil-based economy
Powering Change with Capital Accelerating the shift from a fossil-based economy to renewable materials or circular business models TAALERI Public Bioindustry
Slide 60: Bioindustry at Taaleri
Bioindustry at Taaleri Key figures: Taaleri Bioindustry accelerates the growth of Investments made compelling solutions in the bioeconomy and circular economy markets. Current Focus: Assets under Provide hands-on strategic value in go-to-market strategy and management scaling production Current inve
Slide 61: The European cleantech market is developing with cautious optimism
The European cleantech market is developing with cautious optimism CAGR in European bioeconomy turnover (2010 – 2022) Investment value €bn from 2023 Reduction target in Cleantech growth investments and value – EU27 greenhouse gas 721 800 572 665 €15.0b emissions by 2030 571 600 468 €11.7b €11.6b €10
Slide 62: The bioindustry investment scope covers a diverse range of sectors and verticals
The bioindustry investment scope covers a diverse range of sectors and verticals Taaleri’s bioindustry investments Taaleri Bioindustry I Fund Chemicals Packaging Sustainable food Taaleri Bioindustry Fund I committed capital Plastics & Construction Biopolymers Energy Share of the fund that is investe
Slide 63: Capturing the first-mover advantage in biocoal
Capturing the first-mover advantage in biocoal Joensuu Biocoal annual production capacity (tonnes) We are exploring opportunities for biocoal in Canada Public 2 September 2025 63
Slide 64: Fintoil is close to full production capacity
Fintoil is close to full production capacity current production of 200,000 tonnes annual capacity – one of the largest crude tall oil producers in the world Fintoil LTM revenue (m€), 55% growth Public 2 September 2025 64
Slide 65: Taaleri Bioindustry's strategic priorities
Taaleri Bioindustry’s strategic priorities 2026–2028 Accelerating the shift from a fossil-based economy to renewable materials or circular business models Monetise expertise Expand scope of Leverage our experience Further institutionalise through value creation investments in biocoal investor base W
Slide 66: A roadmap towards Taaleri Bioindustry's strategic milestones for 2026–2028
A roadmap towards Taaleri Bioindustry’s strategic milestones for 2026–2028 We accelerate the shift from a fossil-based economy Investments • Complete final platform investments from Taaleri Bioindustry I fund • First investment from Bioindustry II Fundraising & new products • Biocoal Canada decision
Slide 67: Bioindustry is backed by strong megatrends
Bioindustry is backed by strong megatrends that support resource efficiency and circular economy focused business models We enhance strategic value in portfolio companies through financial and industry expertise We aim to grow both through flagship funds and single-asset vehicles Public 2 September
Slide 68: Quote from Marjatta Rytömaa
“The need to replace fossil materials is immense. We invest in industries, products and solutions that enable this necessary shift in production and consumption.” — Marjatta Rytomaa, Managing Director, Taaleri Bioindustry TAALERI Public Bioindustry
Slide 69: Mikko Krootila, Managing Director, Taaleri Real Estate
Real Estate Mikko Krootila Managing Director Taaleri Real Estate 2 September 2025
Slide 70: Real estate outlook 2026-2028
Real estate outlook 2026-2028
Slide 71: Consistent and attractive returns through local expertise
Powering Change with Capital Consistent and attractive returns through local expertise and deep sector knowledge TAALERI Public Real Estate
Slide 72: Real Estate at Taaleri
Real Estate at Taaleri Key figures: Taaleri Real Estate is a real estate fund & investment First fund launched manager combining local market expertise and deep market insight to deliver consistent returns over the market cycles. Assets under • A multifamily investment pioneer: Strong track-record w
Slide 73: Real estate transaction market - from downturn to opportunity
Real estate transaction market - from downturn to opportunity Nordic transaction volumes (€bn)1) 80 Key takeaways1); 2); 3) 70 • 2022–2023 Slump: Rising interest rates (from 0% to +4%) created one of the largest real 60 -71% estate downturns in decades 50 • 2024 Relief: Interest rates have dropped b
Slide 74: We invest in sectors supported by megatrends
We invest in sectors supported by megatrends Urbanisation drives population growth in key cities while construction volumes at a record low Residential dwelling construction volumes in Finland1) Annual population growth in main growth centers1) Millions 55,000 9.3% growth 2.0 50,000 45,000 1.6 35,00
Slide 75: Recent projects and milestones
Recent projects and milestones In the past 12 months, we have executed 6 transactions with total volume over €75m Eden Living1) started its operations with investment capacity of €300m +€200m of refinancings Housing Fund VIII all assets taxonomy-aligned, EPC A rated and will be BREEAM certified Lead
Slide 76: Taaleri Real Estate platform is well-positioned with a diversified investment portfolio
Taaleri Real Estate platform is well-positioned with a diversified investment portfolio Over the last 15 years, we have built a strong track record in real estate funds and grown its fund sizes 2009 2010-11 2012-13 2014-15 2016-17 2018-19 2020-21 2022-23 2024-25 2026- Residential Fund I - VI +€200m
Slide 77: Taaleri Real Estate's strategic priorities
Taaleri Real Estate’s strategic priorities 2026–2028 Lasting opportunities in tomorrow’s built environment Reboot the business in Leverage residential Explore further growth Operational excellence the current cycle sector expertise opportunities Take advantage of the Strong track record in Explore o
Slide 78: A roadmap towards Taaleri Real Estate's strategic milestones for 2026–2028
A roadmap towards Taaleri Real Estate’s strategic milestones for 2026–2028 Our investment strategy leverages ongoing urbanisation trends and the shifting market cycle Fundraising, new products & growth • Explore additional opportunities in the residential sector Target AUM • Launch a new vintage ser
Slide 79: Quote from Mikko Krootila
“The current market environment presents attractive opportunities for residential investments aligned with our strategy. We are confident that the ongoing megatrend of urbanisation will continue and will drive demand for high-quality rental apartments.” — Mikko Krootila, Managing Director, Taaleri R
Slide 80: We are well-positioned to benefit from the current real estate cycle
We are well-positioned to benefit from the current real estate cycle We are a frontrunner with a strong historical track record in the residential sector We can leverage our platform to launch new investment products Public 2 September 2025 80
Slide 81: Lauri Lipsanen, CFO
Lauri Lipsanen CFO Taaleri Plc 2 September 2025 Public 81
Slide 82: Taaleri's financial development
Taaleri’s financial development 1. Taaleri’s different sources of revenue 2. Historical revenue and profitability trends 3. Balance sheet overview 4. Historical dividend distribution 5. Financial targets for 2026–2028 6. Executive summary Public 2 September 2025 82
Slide 83: Taaleri has several distinct sources of revenue
Taaleri has several distinct sources of revenue Garantia Private Asset Management Investments (Development Capital) CONTINUING EARNINGS Management fees and operational Insurance service result* Fees and other earnings asset management EARNINGS OTHER Investment income Performance fees Investment inco
Slide 84: All distinct sources have generated material revenue longer term
All distinct sources have generated material revenue longer term During the last 12 months, performance fees have been modest partially due to the challenging market Revenue breakdown, last 36 months Revenue breakdown, last 12 months 7.4 2.2 Management fees and other income 36.6 11.2 Garantia’s insu
Slide 85: Historical revenue and operating profit development
Historical revenue and operating profit development Revenue and operating profit development, €m Revenue breakdown, €m • Revenue and operating profit have grown materially compared to 80.0 60% 80.0 2020. Recent 70.0 70.0 development has been 50% 60.0 modest, impacted by the 60.0 40% challenging mark
Slide 86: Continuing earnings growth has been relatively stable
Continuing earnings growth has been relatively stable, whereas the Group’s total revenue and operating profit have been more volatile 12 months rolling continuing earnings and development of 12 months rolling Group revenue, operating profit and operating profit from continuing earnings, €m comprehen
Slide 87: Operating profit from continuing earnings is one of the key value drivers
Operating profit from continuing earnings is one of the key value drivers Annual FY22-24 averages, €m 38 • Continuing earnings generate more stable 32 positive cash flow and 1 0 form a healthy, less 8 volatile base for operating 2 income. 29 • Net investment income and performance fees 18 have a sig
Slide 88: Dividend flows to shareholders, €42 million
Taaleri relies on three synergistic businesses driving impact, growth and value creation Development Capital +€15m* Dividend flows to shareholders**, €42 million Insights and Opportunistic growth driver expertise VALUE CREATION POTENTIAL Private Asset Management Shareholder returns Risk Growth and i
Slide 89: Strong balance sheet consists mainly of investments and equity
Strong balance sheet consists mainly of investments and equity supported by net cash position Financial information as per 30 June 2025, unless otherwise stated Development capital and Garantia’s investment Fund investments Dividend for 2024 per share to be paid in other investments portfolio two in
Slide 90: Value creation via balance sheet and financial stability
Value creation via balance sheet and financial stability Asset type Asset size* Key rationale Other considerations Investments to support Support and leverage €10.7 million Supports vintage launches and penetration to new profitable growth Fund investments (4%) asset classes, with an aim to leverage
Slide 91: Dividend payout ratio
Dividend payout ratio 1.4 25% 123% 1.2 20% 96% 1 0.8 15% 71% Dividend payout ratio 0.6 10% 49% 46% 50% 39% 41% Effective dividend yield 36% 34% 0.4 5% 0.2 0 0% 2015 2016 2017 2018 2019 2020 2021* 2022** 2023** 2024 2015 2016 2017 2018 2019 2020 2021* 2022** 2023** 2024 Dividend, € 0,20 0,22 0,26 0,3
Slide 92: Updated long-term financial targets 2026–2028
Updated long-term financial targets 2026–2028 Profitability growth Return on equity (ROE) Dividend policy Growth in operating Dividend payout profit from continuing ROE at fair value** ≥ ratio*** earnings* 10.5% 13.4% 55.9%**** Average growth p.a. achieved 2023- Weighted average ROE at fair value Pa
Slide 93: Key levers to achieve the long-term financial targets
Key levers to achieve the long-term financial targets Levers to improve ROE at fair value on top of the Levers to improve operating profit from continuing levers improving operating profit from continuing earnings earnings • Growth initiatives Garantia • Rebounding housing markets • Net investment i
Slide 94: Executive summary
Executive summary Our long-term financial targets are supported by our growth strategy and strong balance sheet Long-term financial targets We have a scalable Our strong balance • Operating profit from business model and sheet is dominated by continuing earnings, 12% concrete action plan, investment
Slide 95: 2 September 2025
TAALERI 2 September 2025
Slide 96: Ilkka Laurila, CEO
Ilkka Laurila CEO 2 September 2025
Slide 97: Executive summary
Executive summary We seek growth across all three synergistic businesses We capitalise on Garantia’s We seek to improve We aim to achieve returns distinctive market position, profitability by scaling above our ROE target on and open up multiple existing private asset both existing and new avenues fo
Slide 98: Why invest in Taaleri
Why invest in Taaleri Backed by megatrends: private markets and green transition, urbanisation and circular economy Garantia as Taaleri’s insurance business generating a stable income and balancing risk Proven track record in scaling investment platforms in transformational opportunities Strong exec
Slide 99: Public 2 September 2025
Public 2 September 2025 99
Slide 100: More information
More information Linda Tierala Head of Investor Relations, Communications and Sustainability +358 40 571 7895 linda.tierala@taaleri.com Taaleri Plc Kasarmikatu 21 B FI-00130 Helsinki www.taaleri.com Public 2 September 2025 100