INVESTORS PRESENTATION

MID & SMALL VIRTUAL CONFERENCE (28-30 JUNE 2022)

Equita, the leading independent Investment Bank in Italy

COMPANY SNAPSHOT

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Equita, the leading independent Investment Bank in Italy

SUMMARY OF BUSINESS AREAS AND TARGETS

Global Markets

    • Research
  • The largest independent trading floor in Italy and the leading broker in sales, trading & execution
  • Research team at the top of international rankings
  • Diversified offering in terms of instruments (equity, fixed income, derivatives, certificates…), markets (Italy, Europe, US, Japan…) and clients (institutional and retail flows)
  • High market shares in equity brokerage and increasing ones in fixed income and derivatives
  • High barriers to entry (long-standing relationships with investors, knowledge of the Italian market, IT infrastructure…)

40,7

+4% client-related

+21%

22,9

(20)%

(Var '20-'21)

12,5

(Var '22-'21)

+7%

10,0

11,5

6,1

2,8

-0,1

6,5

(CAGR '17-'21)

6,4

3,6

3,7

2021

Q1'21

Q1'22

Directional Trading Client-Driven Sales & Trading

Investment

Banking

  • Among the leading teams in Italy in ECM, and top 10 in M&A and DCM activities
  • The only one-stop-shop in Italy, combining independence, access to capital markets and diversified product offering
  • Increasing standing and brand awareness, with several high-profile mandates
  • Major source of growth during the last 10 years and plenty of opportunities to grow more by adding new verticals
  • Low capital absorption and strong operating leverage

38,7

+38%

+9%

(Var '20-'21)

(Var '22-'21)

+18%

6,1

6,7

(CAGR '17-'21)

2021

Q1'21

Q1'22

Alternative Asset

Management

  • A unique asset manager with a diversified offering, combining liquid and illiquid assets, debt and equity, institutional and banking clients
  • Among the pioneers and leaders in private debt in Italy
  • Solid track-record in the launch of new products and in performance generation
  • Synergies deriving from the collaboration with other areas of the Group (research, trading floor, investment banking)
  • Stable, recurring revenues' stream from the management of alternative assets, coupled with potential upside from carried interest
  • Low capital absorption and strong operating leverage

+28% Management fees

+69%

11,0

+13%

(Var '20-'21)

+36%

6,5

1,6

(Var '22-'21)

1,8

(CAGR '17-'21)

2021

Q1'21

Q1'22

Perf. fees

Management fees & Portfolio

Target 2024

Target 2024

Target 2024

% Net

≈35-40%

% Net

≈40-45%

% Net

12%

≈15-20%

FY'21 45%

CAGR 22-24

FY'21

CAGR 22-24

FY'21

CAGR 22-24

Revenues

Revenues

43%

Revenues

+2-4%

+8-12%

+15-20%

Consolidated

Financial

Results (FY'21)

Net Revenues

€90.4m

> €110m

Business Plan

Net Profits

€21.5m

> €25m

Targets to

Dividends

€16.1m

> €50m

2024

Cumulated dividends 2022-2024

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Equita, the leading independent Investment Bank in Italy

UPDATE ON KEY INITIATIVES AND

RECENT DEVELOPMENTS

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Equita, the leading independent Investment Bank in Italy

SUMMARY OF KEY INITIATIVES AND RECENT DEVELOPMENTS

Diversification in Investment Banking

Increase in AuM

in Alternative

Asset Management

New incentive plans

New shareholding structure

Key ESG initiatives

Initiatives

  • Commercial agreement with a network of professionals in the North-East of Italy under way
  • Increasing standing of Equita as financial advisor
  • Ongoing discussions to attract senior bankers and build new verticals
  • Second private debt fund expected to final close by 30 June 2022
  • Private equity fund to continue fund-raising and expected to complete a second investment
  • New plan addressed to the top management with awards linked to Total Shareholders Return (TSR)
  • A group of families, entrepreneurs and institutions acquired a minority stake in the Company
  • Launch of a new sustainable finance team
  • Establishment of Fondazione Equita
  • Assessment of Group's carbon footprint

2024 targets involved

Revenues generation

Business diversification

Revenues generation

Business diversification

Rewarding shareholders' remuneration

Strengthening the shareholders' base

Commitment on sustainability

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Equita Group S.p.A. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 05:46:10 UTC.