Equita Group Spa · MIL:EQUI
Equita Group Spa — Mid & Small Virtual Conference 2022
28 slides from Equita Group Spa's conference presentation, Jun 30, 2022
Slide 1: Investors Presentation - Mid & Small Virtual Conference (28-30 June 2022)
INVESTORS PRESENTATION MID & SMALL VIRTUAL CONFERENCE (28-30 JUNE 2022)
Slide 2: Company Snapshot
Equita, the leading independent Investment Bank in Italy COMPANY SNAPSHOT IR EQUITA – MID & SMALL VIRTUAL CONFERENCE 2022 | 2
Slide 3: Summary of Business Areas and Targets
Equita, the leading independent Investment Bank in Italy SUMMARY OF BUSINESS AREAS AND TARGETS Global Markets Investment Alternative Asset & Research Banking Management ▪ The largest independent trading floor in Italy and ▪ Among the leading teams in Italy in ECM, and top 10 in ▪ A unique asset mana
Slide 4: Update on Key Initiatives and Recent Developments
Equita, the leading independent Investment Bank in Italy UPDATE ON KEY INITIATIVES AND RECENT DEVELOPMENTS IR EQUITA – MID & SMALL VIRTUAL CONFERENCE 2022 | 4
Slide 5: Summary of Key Initiatives and Recent Developments
Equita, the leading independent Investment Bank in Italy SUMMARY OF KEY INITIATIVES AND RECENT DEVELOPMENTS Initiatives 2024 targets involved ▪ Commercial agreement with a network of professionals in the North-East of Italy under way Revenues generation Diversification in Investment Banking ▪ Increa
Slide 6: Ongoing Initiatives in the Investment Banking
Equita, the leading independent Investment Bank in Italy ONGOING INITIATIVES IN THE INVESTMENT BANKING Expanding the reach of the Increasing standing Investment Banking team in Italy of the «Equita» brand ▪ Recognised as trusted and qualified financial advisor in both North-East mid-sized transactio
Slide 7: Ongoing Initiatives in Alternative Asset Management
Equita, the leading independent Investment Bank in Italy ONGOING INITIATIVES IN ALTERNATIVE ASSET MANAGEMENT Equita Private Debt Equita Smart Capital Other strategic Fund II ELTIF initiatives ▪ Second private debt fund managed by ▪ First private equity (alternative PIR) (1) Equita Capital SGR fund i
Slide 8: New Incentive Plan Tied to Shareholders' Remuneration
Equita, the leading independent Investment Bank in Italy NEW INCENTIVE PLAN TIED TO SHAREHOLDERS’ REMUNERATION In April 2022, the Shareholders’ Meeting approved two new incentive plans, one of which addressed to the Top Management and based on phantom shares. Awards are subject to both a minimum Tot
Slide 9: New Shareholding Structure
Equita, the leading independent Investment Bank in Italy NEW SHAREHOLDING STRUCTURE In May 2022 a number of families, entrepreneurs and institutions have entered the share capital of the Company with a 12% minority stake. Today, the ownership structure of Equita is a well-balanced ”ecosystem” which
Slide 10: New Team Dedicated to Sustainable Finance
Equita, the leading independent Investment Bank in Italy NEW TEAM DEDICATED TO SUSTAINABLE FINANCE Over the years Equita has been able to develop significant expertise in sustainable finance: dialogue with investors, advisory in sustainability-linked issues and ESG research reports on listed compani
Slide 11: Our Latest ESG Initiatives
Equita, the leading independent Investment Bank in Italy OUR LATEST ESG INITIATIVES Equita is a credible partner from different standpoints: the strong commitment toward sustainability has led the Group to continuously invest in projects and partnerships aimed to promote financial education and cult
Slide 12: Q1'22 Results, Trading Update and 2024 Targets
Equita, the leading independent Investment Bank in Italy Q1’22 RESULTS, TRADING UPDATE AND 2024 TARGETS IR EQUITA – MID & SMALL VIRTUAL CONFERENCE 2022 | 12
Slide 13: Snapshot on Q1'22 Consolidated Results
Equita, the leading independent Investment Bank in Italy SNAPSHOT ON Q1’22 CONSOLIDATED RESULTS Q1’22 was affected by the comparison with the previous year. Q1’21 benefitted from the strong performance of Directional Trading, well above the historical mean. Considering business related to clients on
Slide 14: Summary Profit & Loss and Dividend
Equita, the leading independent Investment Bank in Italy SUMMARY PROFIT & LOSS AND DIVIDEND Var % (€ mln) 2019 2020 2021 Q1’21 Q1’22 Q1’22 vs Q1’21 (€ mln) Q1’21 Q1’22 Var % Client-related 55.8 67.2 83.5 17.2 18.5 8% (S&T, CD&MM, IB…) Personnel costs (9.7) (8.5) (13%) Non-client related 2.0 0.4 6.4
Slide 15: Resilient and Profitable Performance
Equita, the leading independent Investment Bank in Italy RESILIENT AND PROFITABLE PERFORMANCE Since 2008, Equita has been able to significantly diversify its offer, contributing to a more resilient business model, also in difficult market frameworks (crisis of sovereign bonds, brexit, MiFid II, Covi
Slide 16: Road to 2024: Top Priorities and Targets
Equita, the leading independent Investment Bank in Italy ROAD TO 2024: TOP PRIORITIES AND TARGETS Revenues Net Revenues > €110m in 2024E generation Financial targets to be Revenues breakdown in 2024E achieved organically as Business well as via pro-active ≈35-40% Global Markets / ≈40-45% Investment
Slide 17: Appendix Business Plan 2022-2024
Equita, the leading independent Investment Bank in Italy APPENDIX BUSINESS PLAN 2022-2024 IR EQUITA – MID & SMALL VIRTUAL CONFERENCE 2022 | 17
Slide 18: Our History
Equita, the leading independent Investment Bank in Italy OUR HISTORY Equita was founded in 1973 as one of the first independent Italian merchant banks. Over the years, Equita has been part of several commercial banking groups. This has allowed the company to grow and develop solid institutional rela
Slide 19: Our Business Divisions
Equita, the leading independent Investment Bank in Italy OUR BUSINESS DIVISIONS Four highly synergic divisions, providing 360-degrees service to clients Global Markets ≈€55bn 500+ 1,300+ volumes institutional financial We are the leading independent broker in Italy. We share our knowledge and long-s
Slide 20: Our Leading Positioning
Equita, the leading independent Investment Bank in Italy OUR LEADING POSITIONING At the top of international rankings in the Italian market, in all business areas covered by the Group Global Markets ≈8% ≈8% ≈8% Cash Equity Fixed Income Equity Options 1° (1) 2° (1) 1° (2) market share market share ma
Slide 21: 2017-2021 and Q1'22 Financial Performance
Equita, the leading independent Investment Bank in Italy 2017-2021 AND Q1’22 FINANCIAL PERFORMANCE FY 2017-2021 Net Revenues Q1 Net Revenues and comments €2.8m Directional Trading in Q1’21, the +7% +21% (CAGR ’17-’21) (Var ’20-’21) strongest performance since IPO and ▪ Business with clients (ex. Dir
Slide 22: Road to 2024: Top Priorities and Targets
Equita, the leading independent Investment Bank in Italy ROAD TO 2024: TOP PRIORITIES AND TARGETS Revenues Net Revenues > €110m in 2024E generation Financial targets to be Revenues breakdown in 2024E achieved organically as Business well as via pro-active ≈35-40% Global Markets / ≈40-45% Investment
Slide 23: Focus on ESG Targets
Equita, the leading independent Investment Bank in Italy FOCUS ON ESG TARGETS Correctness and reliability during the relationship; increase cyber Increase customer and financial community 1 security; strengthen clients’ confidence in how the company satisfaction operates; implement sustainability in
Slide 24: 1. Revenues Generation
Equita, the leading independent Investment Bank in Italy 1. REVENUES GENERATION Global Markets & Investment Alternative Research Banking Asset Management Confirm the role as leading independent Consolidate our position as the leading Strengthen our position as one of the main broker in Italy (#1 wit
Slide 25: 2. Business Diversification 3. Discipline on Costs 4. Increase in Net Profits
Equita, the leading independent Investment Bank in Italy 2. BUSINESS DIVERSIFICATION 12% ≈35-40% Global Markets Global Markets 45% ≈40-45% Investment Banking FY’21 Investment Banking FY’24E Alt. Asset Management 43% ≈15-20% Alt. Asset Management 3. DISCIPLINE ON COSTS 4. INCREASE IN NET PROFITS Lowe
Slide 26: 5. Rewarding Shareholders Remuneration
Equita, the leading independent Investment Bank in Italy 5. REWARDING SHAREHOLDERS REMUNERATION Shareholders’ remuneration will continue to be a top priority. Over the plan, Equita targets to distribute more than €50m dividends. Such commitment is affordable considering the 2022E-2024E expected net
Slide 27: Potential Risks and Key Mitigants
Equita, the leading independent Investment Bank in Italy POTENTIAL RISKS AND KEY MITIGANTS Risks Negative impacts on entrepreneurs’ confidence + Poor performance of global economy in general Recessionary Mitigants Corporates with increasing needs to execute capital markets and strategic transactions
Slide 28: Contact details
Via Turati, 9, Milan, 20121 Tel. +39 02 6204.1 info@equita.eu – www.equita.eu