Evli Plc Class B · OMXHEX:EVLI
Evli Plc Class B — Q1 2023 Earnings Presentation
29 slides from Evli Plc Class B's earnings presentation, Apr 25, 2023
Slide 1: Evli Plc Interim Report 1-3/2023
EVLI PLC INTERIM REPORT 1-3/2023 APRIL 25, 2023 MAUNU LEHTIMÄKI, CEO JUHO MIKOLA, CFO
Slide 2: Table of content
Table of content 01 EVLI IN BRIEF 02 STRATEGY HIGHLIGHTS 03 FINANCIAL HIGHLIGHTS 04 FOCUS & OUTLOOK
Slide 3: Evli in brief
EVLI Q1 EVLI IN BRIEF
Slide 4: Ambition
EVLI IN BRIEF 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”
Slide 5: Evli in brief
EVLI IN BRIEF FOUNDED IN LISTED ON NASDAQ HELSINKI MAIN Evli in brief LIST We see wealth as an engine to drive progress. 1985 2015 We draw on our heritage, broad expertise and Nordic values to grow and manage wealth for SALES IN NUMBER OF COUNTRIES ASSETS UNDER MANAGEMENT EUR institutions, corporati
Slide 6: Finland's leading asset manager
EVLI IN BRIEF 6 Finland’s leading asset manager Finland’s best fund management Investment company 20231 products Top-positions 10 years in a row in Wealth institutional asset management survey2 Management Finland’s most widely used institutional asset manager2 Remuneration services Finland's largest
Slide 7: Strategy highlights
EVLI 02 STRATEGY HIGHLIGHTS
Slide 8: A favorable start to the year - Outlook unchanged
STRATEGY HIGHLIGHTS A favorable start to the year - Outlook unchanged Market fluctuation Persistently high Central banks Elevated Market increased driven by core-inflation tightening geopolitical risks Environment uncertainty in the monetary policy financial market The prevailing Net revenue EUR Ope
Slide 9: Assets under management increased driven by positive market developments and net subscriptions
STRATEGY HIGHLIGHTS Assets under management increased driven by positive market developments and net subscriptions Development of Assets under Split of Assets under management 3/2023 management, (bn. €) (bn. €) 17.5 2.1 16.7 16.0 14.3 14.1 5.6 2.5 6.5 2019 2020 2021 2022 3/2023 Asset Management Mutu
Slide 10: Alternative funds continued to grow, driven by strong client demand
STRATEGY HIGHLIGHTS Alternative funds continued to grow, Assets under management in alternative driven by strong client demand funds (bn. €) 19% 33% Q1 Fundraising to alternatives 9% EUR 83 million Evli Private Equity I and III raised EUR 47 million 39% Evli Infrastructure II raised EUR 16 million R
Slide 11: Recovery in International Sales
STRATEGY HIGHLIGHTS Recovery in International Sales Development of international sales 2018- 3500 3000 Fund subscriptions 2500 turned positive after a challenging year 2000 1500 1000 Jan-23 March July November March July November March July November March Jul Jul Mar Mar September September Septembe
Slide 12: Incentive business continued to grow – new clients from both Finland and Sweden
STRATEGY HIGHLIGHTS Incentive business continued to grow – new clients from both Finland and Sweden Corporate Finance advisory fees decreased to EUR 0.1 million (EUR 0.7 million) –Acted as advisor in 1 transaction during first quarter –Signs of slowdown in client activity as uncertainty in the marke
Slide 13: Financial highlights
EVLI 03 FINANCIAL HIGHLIGHTS
Slide 14: Financial development 2019–3/2023
FINANCIAL HIGHLIGHTS Financial development 2019–3/2023 Net Revenue (M€) Costs (M€) Operating profit (M€) and Profit Net profit (M€) Dividend & margin (%) Earnings/share (€) 65.2 45.5 56.6 116.2 60.1 45.9% 41.7% 96.1 48.9 48.2 1.47 40.3% 80.1 32.2% 74.9 36.5% 25.5 1.15 32.3 25.1 34.0% 30.9 25.5 20.2
Slide 15: Revenue Development
FINANCIAL HIGHLIGHTS Revenue Development Development of commissions 3/2023 vs. 3/2022 Traditional funds 10.9 10.9 Alternative funds 5.8 3.1 Fund performance 0.1 fees 0.4 Brokerage 2.1 3.8 3/2023 Asset 1.7 Management(AM) 1.7 3/2022 AM performance 0.0 fees 0.0 Advisory fees 0.1 0.7 Incentive programs
Slide 16: Development of Operative Segments
FINANCIAL HIGHLIGHTS Development of Operative Segments FINANCIAL HIGHLIGHTS SPLIT OF FEES 1% 8% Traditional funds 53% WEALTH - Net revenues increased to EUR 10% Alternative funds MANAGEMENT 20.9 million (EUR 19.9 million) 0% Fund performance fees & INVESTOR - Operating profit decreased to Brokerage
Slide 17: Balance Sheet solid
FINANCIAL HIGHLIGHTS Balance Sheet solid ASSETS. M€ 31.3.2023 31.3.2022 LIABILITIES. M€ 31.3.2023 31.3.2022 Balance sheet Liabilities to credit institutions and highlights Claims on credit institutions 104.3 82.7 central banks 1.5 0.0 Claims on the public and public sector entities 29.8 47.2 Debt se
Slide 18: Focus & Outlook
EVLI 04 FOCUS & OUTLOOK
Slide 19: Focus for 2023
FOCUS & OUTLOOK Focus for 2023 1. Operational efficiency – One Evli (finalizing integration of EAB) – Fine tuning of processes – System upgrades and improvements 2. Customer acquisition and cross sales – Domestic HNWI, Institutional and Corporates – Nordic and Europe 3. Fund sales – Continued alte
Slide 20: Outlook for 2023 remains unchanged
FOCUS & OUTLOOK Outlook for 2023 remains unchanged CURRENT YEAR TARGET: Evli has managed to strengthen its market position as a result of the corporate transactions made during 2022. With synergies from the arrangements and the non-recurring costs allocated to 2022, we expect the operating result to
Slide 21: Thank you
THANK YOU INVESTOR RELATIONS CONTACTS MIKAELA HERRALA HEAD OF MARKETING, COMMUNICATIONS & IR [email protected]
Slide 22: Contact information
Twitter – Evli Funds Facebook – Evli Funds LinkedIn – Evli Funds evli.com Evli Plc | Aleksanterinkatu 19 | P.O. Box 1081 | FI-00101 Helsinki, Finland | Tel. +358 (0)9 476 690 | evli.com CONTACT INFORMATION
Slide 23: Disclaimer
Disclaimer Information set above is not intended as investment recommendation. This report is based on sources that Evli Plc considers to be correct and reliable. Evli Plc nor its employees give any guarantee concerning the correctness, accuracy or completeness of any information, views, opinions, e
Slide 24: Appendices
EVLI APPENDICES
Slide 25: Consolidated Comprehensive Income Statement
APPENDICES Consolidated Comprehensive Income Statement Carve-out M€ 1-3/2023 1-3/2022 1-12/2022 Fee and commission income 24.9 24.5 95.4 Net income from securities transactions 1.0 -0.3 3.7 Income from equity investments 0.0 0.0 0.0 Interest income 1.2 0.3 1.6 Other operating income 0.0 0.0 0.1 INCO
Slide 26: Organization
APPENDICES Organization Evli Plc (Finland) 100% 100% 100% 100% 100% 100% 55% 55.1% 65% 55.1% Elite Evli Fund Terra Nova Evli Evli Evli EAB Palvelu Elite Sijoitus Evli Ab Evli Life Vakuutus- Management Capital Investment Alexander Corporate Oy Oy Ltd palvelu Oy (Sweden) Company Ltd Advisors Ltd Solut
Slide 27: Executive Group
APPENDICES Executive Group Maunu Lehtimäki Mari Etholén Panu Jousimies Kim Pessala CEO HR AND LEGAL AFFAIRS EXECUTION & INSTITUTIONAL M.SC. (ECON.) LLM OPERATIONS CLIENTS JOINED EVLI IN 1996 JOINED EVLI IN 2001 M.SC. (ECON.) M.SC. (ECON.) JOINED EVLI IN 1997 JOINED EVLI IN 1995 Juho Mikola Esa Pensa
Slide 28: Board of Directors 1/2
APPENDICES Board of Directors 1/2 Henrik Andersin Christina Dahlblom Fredrik Hacklin CHAIRMAN OF THE BOARD OF MEMBER OF THE BOARD OF MEMBER OF THE BOARD OF DIRECTORS DIRECTORS DIRECTORS BORN 1960 BORN 1978 BORN 1978 • Member of the Board of Directors • Member of the Board of Directors of • Member of
Slide 29: Board of Directors 2/2
APPENDICES Board of Directors 2/2 Sari Helander Robert Ingman Antti Kuljukka MEMBER OF THE BOARD OF MEMBER OF THE BOARD OF MEMBER OF THE BOARD OF DIRECTORS DIRECTORS DIRECTORS BORN 1967 BORN 1961 BORN 1961 • Member of the Board of Directors • Member of the Board of Directors • Member of the Board of