Laiqon : Zwischenbericht zum 30. Juni 2023 EN

H1INTERIM REPORT

AS OF JUNE 30, 2023

	H1-2023	H1-2022	H1-2021	H1-2020
Assets under management in EUR billion	6.0	4.3*	2.0	1.1
Group figures
EUR million
Sales (gross)	15.9	8.8	18.2	6.2
EBITDA	-2.0	-6.7	7.2	-2.4
Cash flow from operating activities	-7.0	0.0	13.0	-0.5
Total assets	149.3	125.7	112.4	95.1
Equity	65.6	61.5	47.2	37.5
Equity ratio (%)	44.0	48.9	42.0	39.4
Earnings per share (EUR, basic)	-0.16	-0.45	0.28	-0.30
Employees (as of June 30)	192	128	73	72

Percentages based on figures expressed as EUR thousands. * EUR 4.7 billion ("as if")

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The Q at the center of LAIQON AG's new name seeks to express the fact that Company is positioning itself as a premium-quality provider in fund and asset management.

LAIQON head office,

Hamburg

About LAIQON AG

LAIQON AG (LQAG) is an innovative asset management factory specializing in sustainable investments with assets under management valued at around EUR 6.0 billion. With a full range of sustainable wealth products and solutions, LAIQON AG addresses both retail clients and institutional investors. LAIQON AG has positioned itself in three business segments, namely Asset Management, Wealth Management and Digital Wealth.

Established in 1995, the bank-independent company has been listed on the stock exchange since 2005. LAIQON AG has been included in Deutsche Börse's "Scale" segment (ISIN: DE000A12UP29) since March 2017.

LAIQON AG currently offers its clients more than 50 wealth products and solutions. At the same time, sustainable investing is a priority for the Company. Looking forward, LAIQON AG intends to play a leading role in this area with a portfolio of products and solutions that seeks to comply almost entirely with Articles 8 and 9 of the

Disclosure Regulation. The cloud-based Digital Asset Platform 4.0 forms the digital heart and a central component of the asset management factory. The asset management factory approach serves firstly as a basis for ensuring the quality of the wealth products and solutions offered and secondly as the foundations for internal and external scalability. This is achieved through an internally managed "best-in-class direct" sales approach and by means of "inside white label partnerships".

GROWTH 25 is to act as the main driver of the continued anticipated growth in assets under management and of future earnings. According to plans, assets under management in the three operating segments are to increase to EUR 8 - 10 billion by the end of 2025. At the same time, LAIQON AG is targeting an EBITDA margin of over 45% relative to net sales by the end of 2025. This takes account of the average performance fees generated in the past by the LAIQON AG product range.

4.0	1.5	0.5
bn euros in assets	bn euros in assets	bn euros in assets
under management	under management	under management

Group		Asset Management		Wealth Management		Digital Wealth
AG as a technological		IQ specialist in		IQ implementation of		Individualized AI-based
and sales platform		active alpha strategies		individual asset targets		investment solutions
						and ETF savings plans
- Strategy including		- Over 1,000 clients		- 2,500 clients		- 15,000 clients with
Sustainability/Finance		- Roughly 25 retail funds		- 360° individualized		ETF plans
- Marketing/Sales		- Roughly 50 special mandates		solutions		- 100% personalized
- Compliance/Legal						AI solutions
- DAP 4.0

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Contents

Company			Group interim management report
Interview with Dipl.-Ing. Achim Plate,	6		1 Report on economic position	34		3 Employees	40
Chief Excecutive Officer of LAIQON AG
2 Results of operations, net assets			4 Risk report	41
Interview with Dr. Robin Braun, Head			and financial condition	37
12	5 Material events occurring
of Group Sustainability at LAIQON AG
							after the reporting date	41
Interview with Christian Sievers,
					6 Outlook	42
M.Sc. and Lasse Linzer, Dipl.-Volksw.,
Managing Directors of LAIC	20
Vermögensverwaltung GmbH
Interview with Markus Wedel,
CEFA, Dr. Maximilian Thaler, CFA,
Axel Brosey, CFA, CESGA, and
Dr. Tobias Spies, CESGA, fund	26
managers at SPSW Capital GmbH
LAIQON share	30

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Interim consolidated financial statements

1	Consolidated income statement	48	5	Consolidated statement of
					changes in equity	52
2	Consolidated statement of
	comprehensive income	49	6	Notes to the consolidated
					financial statements	53
3	Consolidated balance sheet	50
7	Responsibility statement	64
4	Consolidated cash flow
	statement	51	8	Independent auditors'
					review report	65

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