CapMan (CAPMAN) AGM 2025 presentation summary

Company overview and strategic vision

• Nordic-focused investment firm with 200 employees and 7 offices across Europe, managing €6.1bn in assets as of 2024.

• Vision is to become the most responsible private assets company in the Nordics, emphasizing sustainability and societal impact.

• Focuses on real assets: real estate, infrastructure, natural capital, and private equity & wealth.

• Serves institutional investors globally, with about half of AUM from outside the Nordics.

Business transformation and growth

• Completed acquisition of Dasos Capital in 2024, adding €700m AUM and establishing Natural Capital as a new investment area.

• Divested CapMan Procurement Services for €75m to focus on asset management growth and strengthen financial position.

• Nearly doubled income from real asset business to 77% of total fee income by 2024.

• Positioned for profitable growth with a scalable platform and strong solidity.

Financial performance and key metrics

• Achieved €6.1bn AUM (+22%), €57.6m turnover (+17%), and €19.0m comparable EBIT (+2,148%) in 2024.

• Fee income and profit have grown in line with AUM, with fee profit margin improving due to operational scaling.

• Maintains a solid balance sheet: €202.6m equity, €94m cash, 59% equity ratio, and €20m undrawn credit.

• Long-term objectives: >15% annual growth, >20% ROE, >50% equity ratio, and sustainable dividend growth.