EQT (EQT) investor relations material

Strategic progress and financial highlights

• Achieved €29bn in total investments, €38bn in realizations, and €16bn in gross inflows to FAUM over the last year.

• Added €30bn in FAUM through the Coller Capital combination, strengthening the secondaries platform.

• Total AUM reached €313bn, with a diversified business mix across Private Capital, Infrastructure, Real Estate, and Secondaries.

• Delivered 390%+ total shareholder return since IPO, with ~35% of realizations from public market exits.

• Outperformed MSCI World by ~80% in recent IPOs and ranked #1 globally in equity capital market activity.

Business model and sources of alpha

• Four business lines deliver industry-leading performance: Private Capital, Infrastructure, Real Estate, and Secondaries, with realized gross MOICs ranging from 1.7x to 2.7x and net IRRs from 15% to 20%.

• Alpha generated through sector-based thematic investing, global-local sourcing, leadership and governance, AI transformation, and best-in-class exit capabilities.

• Scale enables strong deal flow, co-investment opportunities, and value creation, with 50–80% of returns from sales and margin expansion.

• Consistent market share gains in Private Equity, Infrastructure, and Real Estate, with fundraising multiples increasing significantly since 2019.

AI and technology leadership

• AI is seen as a generational investment opportunity, with $4tn in data center and energy CapEx required by 2030.

• Platform designed to capture AI opportunities across Private Capital, Early Stage, Growth, and Infrastructure, with investments in leading AI and tech companies.

• Built AI capabilities over the past decade, deploying 35+ AI professionals and 20+ external partners across the portfolio.

• AI-driven business transformation supports 30+ portfolio companies, with 130+ board members trained and 100+ chairs/CEOs engaged.