Lloyd Fonds : Zwischenbericht zum 30. Juni 2022 - EN

Hamburg

Frankfurt

Munich

Berlin

H1Interim report

as of June 30, 2022

	H1-2022	H1-2022	H1-2021	H1-2020
	As-if*
Assets under management	4.7	4.3	2.0	1.1
LLOYD FONDS LIQUID ASSETS in EUR billion
Group figures
in EUR millions
Sales (gross)	13.4	8.8	18.2	6.2
EBITDA	-4.4	-6.7	7.2	-2.4
Net operating cash flows		0.0	13.0	-0.5
Total assets		125.7	112.4	95.1
Equity		61.5	47.2	37.5
Equity ratio (%)		48.9	42.0	39.4
Earnings per share (€)		-0.45	0.28	-0.30
Headcount (as of June 30)**		128	73	72

Percentages based on figures expressed as EUR 000s . * "As if" view, see below for explanation.

** Including Lange Assets & Consulting GmbH and Bayerische Vermögen Group, excluding growney GmbH.

"As if" view for Group, first half of 2022

"as if" view

"as if" view

Q1

Q2

Q3

Q4

Lloyd Fonds Konzern: "as if" view

BV Holding AG / Selection Asset Management GmbH (fully consolidated from April 1, 2022)

Lange Assets & Consulting GmbH (fully consolidated from June 30, 2022)

The purpose of the "as if" view is to provide a more transparent­ impression of the earnings situation due to the substantial changes to the companies consolidated within the Lloyd Fonds Group in the first half of 2022.

BV Holding AG has been consolidated since April 1, 2022 ­following the completion of the BaFin owner control proceed- ings. The "as if" view of the Lloyd Fonds Group for the first half of 2022 includes BV Holding AG as well as Selection Asset

Management­GmbH from January 1, 2022 as the retroactive merger and the corresponding profit and loss transfer agreements take effect from that day following the completion of the "squeeze-out" transaction under merger law.

This date is June 30, 2022 in the case of Lange Assets &

Consulting­ GmbH. Accordingly, the "as if" view no longer recognizes the company as a financial asset in the first half of 2022.

Lloyd Fonds AG

"As if" assets under management in the first half of 2022: EUR 4.7 billion

As of 30 June 2022, assets of around EUR 4.7 billion were under management in the "as if" view. This represents a CAGR, or compound annualized growth rate, of just under 80 percent since 2020 as of June 30, 2022.

The guidance for Group assets under management as of 31 Decem­ ber 2022(e) indicates a figure of EUR 5.5 - 6.0 billion in accordance with the ad hoc announcement of May 24, 2022.

"As if" sales in the first half of 2022: EUR 13.4 million

In the "as if" view from January 1, 2022, fixed sales rose by 44 % over the first half of 2021 from EUR 9.3 million to EUR 13.4 million, equivalent to a CAGR of roughly 54 % since 2019. In H1 2021, performance fees of around EUR 8.9 million had additionally been ­collected due to the buoyant conditions in the capital market.

					"As if" view*
	8					5,5 - 6,0
	6		%		4,7
		78,8
	4		CAGR:	2,2
EUR billion	2	1,1	1,6
0
		Gj. 2019	Gj.2020	Gj.2021	1. Hj. 2022	Gj. 2022 (e)*
		*Guidance 2022 (e).

	25		(including performance fees of
	20		approx. EUR 8.9 million) 18,2
	15		%			%	13,4
				44,1
			53,6	9,3	LAC
	10
million		CAGR:6,2				BV / SAM*
5	3,7					LF AG*
EUR
0	1. Hj. 2019	1. Hj. 2020	1. Hj. 2021	1. Hj. 2022

• LAC/BV/SAM/LFAG: Lange Assets & Consulting GmbH / BV Holding AG /
  Selection Asset Management GmbH, Lloyd Fonds AG.

"As if" EBITDA in the first half of 2022: EUR -4.4 million

In the "as if" view from January 1, 2022, the greater number of companies consolidated within the Lloyd Fonds Group also led to higher cost of materials, staff costs and other operating expenses of EUR 3.4 million. In addition, non-recurring acquisition costs of EUR 1.4 million arose in the first half of 2022 but are eliminated in the "as if" view. "As if" EBITDA in the first half of 2022 stands at EUR -4.4 million.

EUR million

14 13,4

12 1,2 LAC

10 3,3 BV / SAM

8

6

4 8,9 Reported

2										1,4
0
				-1,6		BV/SAM
-2				-0,5
				LAC
-4			-2,1		-7,9		-6,3
-6										BV/SAM		-4,4
								-0,8
-8								BV/SAM -7,1	LAC
						-2,1
-10								LAC
					-10,0
-12
Sales	Cost of		Staff	Depreciation Acquisition	EBITDA
			materials		costs			expenses	as-if

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Contents

Company		Group Interim management report
-------------------------------------	-------------------------------------	--------------------------------------
"With LAIQON to GROWTH 25". Interview	1 Report on economic position	20	3	Employees	27
with Dipl.-Ing. Achim Plate, Chief Executive	--------------------------------------	--------------------------------------
Officer of LLOYD FONDS AG	8	2 Results of operations, net	23	4	Risk report	28
--------------------------------------	assets and financial condition		--------------------------------------
Lloyd Fonds stock	16	--------------------------------------	5	Material events occurring	28
--------------------------------------			after the reporting date
				--------------------------------------
				6	Outlook report	29
				--------------------------------------

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Interim consolidated financial statements

--------------------------------------	--------------------------------------
1	Consolidated income statement	36	5	Consolidated statement	40
--------------------------------------	of changes in equity
2	Consolidated statement of	37	--------------------------------------
comprehensive income		6	Notes to the interim	41
--------------------------------------	consolidated financial statements
3	Consolidated balance sheet	38	--------------------------------------
--------------------------------------	7	Responsibility statement	56
4	Consolidated cash flow statement	39	--------------------------------------
--------------------------------------	8	Independent auditor's opinion	57
			--------------------------------------

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