Equita S p A : Group Interim Report as of September 30, 2021

EQUITA GROUP

Consolidated Nine-Month Financial Report 2021

Equita is the leading Italian independent investment bank. For more than 45 years we have helped institutional investors in their investment decisions. We support corporates and financial institutions by providing innovative solutions and high-quality advisory to find investors and sustain their growth.

Board of Directors

Sara Biglieri

Andrea Vismara

Francesco Perilli

Paolo Colonna

Silvia Demartini

Michela Zeme

Marzio Perrelli

Board of Statutory Auditors

Franco Fondi

Laura Acquadro

Paolo Redaelli

Dora Salvetti

Andrea Conso

External Auditors

KPMG S.p.A.

Financial Reporting Manager

Stefania Milanesi

Corporate Information

Registered office Tax ID and VAT code Identification number Share capital (fully paid-up) Milan Corporate Registry No. Listing market

Ticker symbol

Equita Group S.p.A.

Telephone

E-mail address

Corporate website

Chairman

Chief Executive Officer

Director (executive)

Director (independent)

Director (independent)

Director (independent)

Director (independent)

Chairman

Standing auditor

Standing auditor

Alternate auditor

Alternate auditor

Via Turati 9 - 20121 MILANO 09204170964 20070.9 €11.427.910,50 2075478

MTA di Borsa Italiana S.p.A. - Segmento STAR BIT: EQUI

+39 (02) 6204.1 [e-mail] www.equita.eu

EQUITA GROUP - CONSOLIDATED NINE-MONTH FINANCIAL REPORT 2021

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Contents
Corporate Governance ....................................................................................................................................	3
Financial Highlights ..........................................................................................................................................	5
Business Highlights (a).......................................................................................................................................	7
Equita at a Glance ............................................................................................................................................	8
Our Vision, Our Mission, Our Values ...............................................................................................................	9
Group Overview.............................................................................................................................................	10
Equita Group's Capital Structure ...................................................................................................................	11
Group Performance ....................................................................................................................................	23
Financial Statements ..................................................................................................................................	35

EQUITA GROUP - CONSOLIDATED NINE-MONTH FINANCIAL REPORT 2021

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NET REVENUES (€ mn) - COMP/RATIO %

9M21		32,5	23,8	5,2	47%
9M20		24,8	19,9	3,1	47%
2020		33,7	28,0	6,5	47%
2019		31,5	18,2	8,6	47%
2018		29,9	26,1	3,7	46%
2017		30,5	20,2	3,2	49%
	Global Markets	Investment Banking	Alternative Asset Mgmt

COST/INCOME RATIO (%)

	NET PROFIT - PARENT COMPANY (€ mn)
9M21							14,0
9M20					8,8
2020							12,3
2019					9,5
2018						11,0
2017						11,0
0,0	2,0	4,0	6,0	8,0	10,0	12,0	14,0	16,0

COSTS (€mn)

9M21	69%
9M20	74%
2020	74%
2019	77%
2018	74%
2017	71%

9M21	28,9	13,4
9M20	22,6	12,7
2020	32,3	18,2
2019	27,1	17,5
2018	27,4	16,8
2017	26,4	12,1
	Full Compensation	Other Admin. Exp.

	RETURN ON TANGIBLE EQUITY (%)
9M21	37%
9M20	26%
2020	27%
2019	17%
2018	20%
2017	17%

ROTE: Consolidated Net Profit in the last 12 months / Average Tangible Equity. The Average Tangible Equity excludes the profit for the period and is calculated as the average value at the beginning of the period (31 December 2020) and at 30 September 2021

ASSETS UNDER MANAGEMENT

			980	1.019	944	998	1.055
			49	39
			100		232	279
			150	200
		654
		100
	358	150
251	100		880	744	766	776
66	681
	404
251	292
2015	2016	2017	2018	2019	2020	H1'21 9M'21
Portfolio Management	Private Debt
SPAC / Private Equity	Blueglen

EQUITA GROUP - CONSOLIDATED NINE-MONTH FINANCIAL REPORT 2021

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