EQT at a glance

EQT is a differentiated global investment organization with a 25-year history of investing in, owning and developing companies. With a Nordic heritage and a global mindset, EQT has a track record of consistent and attractive returns across multiple geographies, sectors and strategies.

€40bn

Assets under management

53%

Revenue growth

76%

Adjusted EBITDA growth

45%

Adjusted EBITDA margin

100%

Electricity from renewable energy sources in EQT’s offices

706

Employees (FTE+) >40 nationalities

CEO & Chairperson

Letter from the CEO


“We make investments in companies that deliver a positive impact or have the potential to deliver a positive impact through our transformational support. This aligns perfectly with our purpose of future-proofing companies and making a positive impact with everything we do.”

Christian Sinding
CEO and Managing Partner

Letter from the Chairperson


“Taking the step onto the stock exchange certainly generates plenty of attention and with that, I am glad that I nowadays find myself in new situations where I am faced with the questions ‘who is EQT and what do you do?’.”

Conni Jonsson
Founder and Chairperson

Statement of Purpose

Why we exist

Purpose

To future-proof companies and make a positive impact

What we strive for

Vision

To be the most reputable investor and owner

What we do and how

Mission

With the best talent and network around the world, EQT uses a thematic investment strategy and distinctive value creation approach to future-proof companies, creating superior returns to EQT´s investors and making a positive impact with everything we do

2019 in brief

Investment and exit activity

Total investments by the EQT funds of EUR 11.9bn (EUR 8.6bn). Investments include, among others, Galderma, Zayo, Aldevron and Waystar.

Total gross fund exits of EUR 8.0bn (EUR 5.1bn). Exits include, among others, IVC, Press Ganey, Autostore, DCLI and Charleston.

Value creation in the EQT funds’ portfolio companies

Gross multiple on investment capital (MOIC) development in key EQT funds on, or above plan.

Key events

EQT AB listed on the Nasdaq Stockholm Stock Exchange on 24 September.

EQT expanded its European footprint by opening an office in Milan, Italy.

EQT Foundation was launched.

EQT elevated its societal ambitions.

Fundraisings

EQT Infrastructure IV closed at EUR 9bn in March after less than six months of fundraising.

EQT Ventures II closed at EUR 620m in November.

Adjusted revenue*

EUR m

Adjusted EBITDA*

EUR m

Adjusted net income*

EUR m

Assets under management*

EUR bn

* The metrics are alternative performance metrics for the EQT AB Group.

Business model

Raise capital

EQT has a broad set of institutional fund investors from all corners of the world, including pension funds, financial institutions and sovereign wealth funds. These fund investors, serviced by the Fund Management team supported by EQT’s in-house Client Relations and Capital Raising team, allocate capital to EQT funds, which in turn invest in portfolio companies.

Milan office

Business segments

Private Capital is EQT AB Group’s largest business segment, established in 1995, as was the first EQT private equity fund, and consists of four business lines: Private Equity, Mid Market Asia, Ventures and Public Value.

Key investment performance metrics*

20%

2.5x

Net IRR

Realized Gross MOIC

Key metrics

2019

2018

Fund investments, EUR bn

4.9

5.1

Gross fund exits, EUR bn

5.5

3.5

Adjusted revenue, EUR m

331

256

Gross segment results, EUR m

207

163

Margin, %

63

64

AUM, EUR bn

22

22.3

Avg. AUM, EUR bn

22.2

19.6

FTE+ (end of period)

236

226

* Includes EQT funds raised prior to 2012 which are not managed by the EQT AB Group, excludes Public Value.

Private Capital

Private Capital is EQT AB Group’s largest business segment, established in 1995, as was the first EQT private equity fund, and consists of four business lines: Private Equity, Mid Market Asia, Ventures and Public Value.

Key investment performance metrics*

20%

2.5x

Net IRR

Realized Gross MOIC

* Includes EQT funds raised prior to 2012 which are not managed by the EQT AB Group, excludes Public Value.

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Real Assets

Real Assets is EQT AB Group’s second largest business segment, established in 2008 at the same time as the first EQT Infrastructure fund, and consists of two business lines: Infrastructure and Real Estate.

Key investment performance metrics*

17%

2.5x

Net IRR

Realized Gross MOIC

* Includes EQT funds raised prior to 2012 which are not managed by the EQT AB Group.

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Credit

The business segment Credit was established in 2008, as was the first EQT Credit fund, and consists of three niche strategies, Special Situations, Direct Lending and Senior Debt.

Key investment performance metrics*

13%

€7.7bn

Net IRR in Special Situations

Invested capital

>170

Companies financed

* To date across the EQT Credit business segment. Statistics calculated on the following EQT-funds: Credit l, Credit ll and Credit Opportunities lll.

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EQT Playbook

EQT Playbook is a differentiated toolbox setting out how EQT approaches investing and supports value creation in portfolio companies during the EQT funds’ ownership period.

Thematic and sector-based approach

Locals-with-locals

Governance model

EQT Network

House of Value Creation

Sustainability

Digitalization