Slide 1: eQ Plc – result Q1/2019
eQ Plc – result Q1/2019 - result presentation 26 April 2019
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-3/2019 1-3/2018 Change% 1-12/2018 Net revenue 11.6 9.6 21% 45.4 Operating profit 5.3 4.4 21% 22.4 Profit for the period 4.2 3.5 21% 17.8 Earnings per share (EUR) 0.11 0.09 20% 0.47 Cost income -ratio, % 54.3 54.2 0% 50.5 Liquid assets 32.1 25.8 24% 25.7 Investmen
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 50,0 28,0 47.3 45.4 23.3 44.5 22.4 45,0 42.3 22.4 40.7 40.9 20.9 23,0 20.3 40,0 36.0 20.1 35.8 35.0 35.4 35.4 33.4 33.9 16.8 17.0 35,0 16.2 16.4 18,0 15.7 30.5 14.8 15.
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 3/2019 12/2018 (EUR million) 3/2019 12/2018 Liquid assets 0.0 0.0 Other liabilities 27.7 4.1 Claims on credit institutions 21.9 15.8 Accruals and deferred income 8.0 11.1 Financial assets Lease liabilities 3.0 - Financial securitie
Slide 5: Asset Management
Asset Management
Slide 6: Asset Management – Income statement
Asset Management – Income statement EUR million 1-3/2019 1-3/2018 Change % 1-12/2018 NET REVENUE 10.3 8.5 21% 36.7 Personnel expenses -4.1 -3.4 20% -13.8 Other administrative expenses -0.4 -0.4 5% -1.7 Depreciation -0.2 -0.0 371% -0.2 Other operating expenses -0.3 -0.3 -23% -1.5 OPERATING PROFIT 5.3
Slide 7: Asset Management – Fee income and AUM
Asset Management – Fee income and Aum EUR million 1-3/2019 1-3/2018 Change % 1-12/2018 Management fees – Traditional AM 2.0 2.3 -13% 8.6 Management fees – Real-estate and PE 7.4 5.5 33% 25.5 Other fees 0.1 0.1 -11% 0.3 Performance based fees 0.9 0.7 34% 2.7 TOTAL 10.4 8.6 20% 37.1 Assets under manag
Slide 8: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net revenue development, rolling 12 months (€’m)) Operating profit development, rolling 12 months (€’m) 38.6 37.336.7 20.5 35.4 20.0 19.5 34.4 18.8 33.9 18.3 18.0 30.5 29.6 15.7 27.5 14.9 25.6 24.2 13.4 22.522.7 12.0 21.7 20.8 11.1 19.720.2 17.6 9.6 9.9 10.0 16.7
Slide 9: Asset Management – Mutual funds
Asset Management – Mutual funds Gross returns 29 March 2019 Since beginning of the year 3 years p.a. Morning- Fund Return* Comparison Diff. Return* Comparison Diff. star Fixed income funds eQ Money Market -0,01 % -0,02 % eQ Euro Floating Rate 1,16 % -0,07 % 1,23 % 1,02 % -0,31 % 1,33 % no rating eQ
Slide 10: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Care eQ Finnish Real Estate Invests in modern care properties Invests in commercial real estate Avg. lease maturity: 8 years Avg. lease maturity: 6 years Vacancy 0% Vacancy 5% Invested capital: €1 105m Invested capital: €889m Equity (NAV):
Slide 11: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2019 eQ PE XI US $172m 2nd close 54 2018 eQ PE SF II €135m Investing 23 FoF 2018 eQ PE X North €175m Investing 85 €1.5 Bn 2017 eQ PE SF €124m Fully invested 10 2017 eQ PE IX US $105m Fully invested 52
Slide 12: Corporate Finance
Corporate Finance
Slide 13: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed some 180 transactions for a value of about 14 billion euro 14 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate tran
Slide 14: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 14
Slide 15: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 9.7 5.0 9.1 9.1 4.6 4.5 7.9 7.7 7.1 3.7 6.8 6.9 7.0 3.4 3.6 6.3 6.2 3.2 3.3 3.2 5.9 2.9 5.2 2.7 2.6 4.8 4.5 4.5 4.2 4.4 4.6 3.8 2.0 1.8 3.0 1.5 1.4 1.6 1.7 1.4 1.4 2
Slide 16: Investments
Investments
Slide 17: Investments – Key figures
Investments – Key figures EUR million 1-3/2019 1-3/2018 1-12/2018 Returned capital (excl. profit) 0.2 0.5 4.0 Distribution of profits 0.1 0.5 1.9 Capital calls -0.6 -0.3 -2.0 Net cash flow -0.3 0.7 3.9 Market value 17.4 18.8 16.9 Investment commitments 8.2 9.5 7.8 Profit and loss Distribution of pro
Slide 18: eQ’s share and summary
eQ’s share and summary
Slide 19: Share price development and market cap
Share price development and market cap 12,00 10,00 8,00 6,00 4,00 2,00 0,00 eQ Oyj OMXH The Market value of eQ Plc was 325.8 million euro on 31 March 2019 19
Slide 20: Shareholders 31 March 2019
Shareholders 31 March 2019 Shareholder Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 943 137 20.87 6 000 2 Chilla Capital S.A. 5 945 275 15.62 3 Anchor Oy Ab 5 803 677 15.25 5 000 4 Teamet Oy 4 100 000 10.77 5 Oy Cevante Ab 1 419 063 3.73 6 Fazer Jan Peter 1 298 306 3.
Slide 21: Summary and next financial reporting
Summary and next financial reporting EUR million 1-3/2019 1-3/2018 Change% 1-12/2018 Net revenue 11.6 9.6 21% 45.4 Operating profit 5.3 4.4 21% 22.4 Profit for the period 4.2 3.5 21% 17.8 Earnings per share (EUR) 0.11 0.09 20% 0.47 Cost income -ratio, % 54.3 54.2 0% 50.5 Liquid assets 32.1 25.8 24%