Eq Oyj · OMXHEX:EQV1V
Eq Oyj — Carnegie seminar (May 2016)
25 slides from Eq Oyj's conference presentation, May 24, 2016
Slide 1: eQ Presentation 24 May 2016
eQ Presentation 24 May 2016
Slide 2: eQ Group
eQ Group
Slide 3: Full service asset manager and corporate finance advisor
eQ Full service asset manager and corporate finance advisor Asset Management Corporate Finance Investments Oma sijoitustoimint Full service asset manager Advium From own balance Full range of mutual funds Mergers and acquisitions Investments in 16 private equity Private equity Large real-e
Slide 4: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net sales development, rolling 12 months (€’m) EBIT development, rolling 12 months (€’m) 35 33.4 18 14.8 29.8 30.5 16 13.2 30 28.3 12.9 26.5 11.7 14 24.4 10.6 25 12 21.4 9.0 20.2 20.1 18.8 10 6.7 20 18.6 17.3 17.5 6.0 6.7 4.9 5.3 8 15 3.0 3.7 6 10 4 2 5 0 0 -2 Asset Mana
Slide 5: Asset Management
Asset Management
Slide 6: SFR Research – most used institutional asset managers
SFR Research – most used institutional asset managers 70% 62% 60% 60% 58% 55% 54% 54% 51% 50% 50% 48% 48% 46 % 41% 40% 32% 2015 30% 29% 2014 26% 2012 22% 20% 19% 19% 17% 16% 15% 15% 14% 13% 10% 7% 0% Source: 2015 SFR research 6
Slide 7: Global asset management market
Global asset management market Assets under management Estimated revenue pool ~$64T ~$98T ~$270B ~$420B 100% 100% 8% 7% 90% 24% 21% 90% 80% 80% 30% 35% 70% 70% 26% 28% 60% Cash and passive 60% Cash and passive 9% Active Equities Active equities 50% 50% 12% Active fixed income 14% Active fixed income
Slide 8: Asset allocations
Asset allocations The asset allocation of Ilmarinen 100 % 5% 10% 90 % 11% 7% 80 % 18% 70 % 40% Other 60 % Absolute returns 50 % Private equity 37% Real estate&infra 40 % Equities Fixed income 30 % 44% 20 % 28% 10 % 0% 2015 2020 plan Source: Ilmarinen 8
Slide 9: Asset Management – Income statement
Asset Management – Income statement EUR million 1-3/2016 1-3/2015 Change% 1-12/2015 NET REVENUE 6.1 5.4 14% 21.7 Personnel expenses -2.6 -2.2 18% -8.7 Other administrative expenses -0.4 -0.3 13% -1.4 Depreciation -0.2 -0.2 1% -0.7 Other operating expenses -0.3 -0.3 12% -1.3 OPERATING PROFIT 2.7 2.4
Slide 10: Asset Management – Fee income
Asset Management – Fee income EUR million 1-3/2016 1-3/2015 Change% 1-12/2015 Management fees – Traditional AM 1.8 2.3 -19% 9.0 Management fees – Real-estate and PE 2.8 1.8 54% 8.7 Other fees 0.1 0.5 -76% 1.0 Performance based fees 1.4 0.8 71% 3.2 TOTAL 6.2 5.4 14% 22.0 Fee income 1-3/2016 Performan
Slide 11: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net sales development, rolling 12 months (€’m) EBIT development, rolling 12 months (€’m) 22.5 21.7 19.7 20.2 20.8 9.6 9.9 9.0 17.6 8.5 8.6 16.7 15.5 7.1 13.6 13.7 6.2 12.5 11.5 10.1 4.8 3.6 3.1 1.7 1.8 1.0 Q1/13Q2/13Q3/13Q4/13Q1/14Q2/14Q3/14Q4/14Q1/15Q2/15Q3/15Q4
Slide 12: 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 Well-diversified portfolio Currently 17 properties in the investment portfolio – 123 properties – Focus on mainly office and retail properties – Investme
Slide 13: Private Equity asset management
Private Equity asset management Fund of funds Fund of Founded Rahasto Size Stage Investors Funds €0.6 bn 2016 eQ PE VIII North L.P. €85m Second close 36 2015 eQ PE VII US L.P. $80m Investing 34 2013 eQ PE VI North L.P. €130m Investing 42 2011 Amanda V East L.P. €50m Investing 24 Assets under 2007 Am
Slide 14: Corporate Finance - Advium
en? . Corporate Finance - Advium
Slide 15: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed over 150 transactions for a value of more than 12 billion euro 14 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate
Slide 16: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 16
Slide 17: Corporate Finance – Key figures
Corporate Finance – Key figures Net sales development, rolling 12 months (€’m) EBIT development, rolling 12 months (€’m) 9.1 4.6 6.8 6.9 7.0 6.3 5.9 3.2 3.3 3.4 2.9 2.7 4.5 3.8 1.8 3.0 1.4 2.6 2.6 2.3 2.2 0.9 0.7 0.6 0.5 0.4 Q1/13Q2/13Q3/13Q4/13Q1/14Q2/14Q3/14Q4/14Q1/15Q2/15Q3/15Q4/15Q1/16 Q1/13 Q2/
Slide 18: Investments
Investments
Slide 19: Investments – Key figures
Investments – Key figures EUR million 1-3/2016 1-3/2015 2015 Returned capital (excl. profit) 0.5 1.5 6.5 Distribution of profits 0.4 0.4 2.5 Capital calls -0.8 -0.4 -2.1 Sold investments - - 0.3 Net cash flow 0.1 1.5 7.2 Market value 22.8 26.9 22.5 The value change of investments during the period 0
Slide 20: eQ Group key figures
eQ Group key figures
Slide 21: eQ Group – Profit and balance sheet
eQ Group – Profit and balance sheet EUR million 1-3/2016 1-3/2015 Change% 1-12/2015 Net revenue 9.4 6.5 44% 30.5 Operating profit 4.1 2.5 64% 13.2 Profit for the period 3.3 2.0 63% 10.5 Earnings per share (EUR) 0.09 0.05 63% 0.29 Liquid assets 24.2 26.9 -10% 21.6 Investments in private equity funds
Slide 22: eQ's Share
eQ’s Share
Slide 23: Share price development
Share price development 8,00 7,00 6,00 5,00 4,00 eQ OMXH 3,00 2,00 1,00 0,00 23
Slide 24: Largest shareholders – 31 March 2016
Largest shareholders – 31 March 2016 Shares Ownership % 1 Fennogens Investments S.A. 6 473 137 17.62 2 Chilla Capital S.A. 5 322 635 14.49 3 Ulkomarkkinat Oy 3 779 286 10.29 4 Teamet Oy 3 700 000 10.07 5 Mandatum Henkivakuutusosakeyhtiö 1 899 902 5.17 6 Oy Hermitage Ab 1 638 220 4.46 7 Oy Cevante Ab
Slide 25: eQ Plc
eQ Plc Aleksanterinkatu 19 A, 5th floor [email protected] 00100 HELSINKI, FINLAND Phone: +358 6817 8700 www.eQ.fi Disclaimer This is a general presentation. The recipient is recommended to study the products and services in more detail, e.g. their characteristics and detailed documentation av