Slides
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Webcast presentation 15 October 2026 EQT AB Q3 Announcement 2026
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2EQT AB Q3 Announcement 2026 Q3 2026 in brief 1) The transaction is subject to customary closing conditions, including regulatory approvals 2) New co-investments / realizations for co-investors 3) Q3’2026 LTM, for fund and co-investors • Closing of combination with Coller Capital • EQT to acquire Stockbridge1 • Scaleup Europe Fund - 7 investments in Q3 • AI Infrastructure - $11.5bn NAV • Launch of Middle East platform • Launch of EQT Nexus Asia Strategic Investment performance in Key funds Fundraising Investment activity FAUM FTE People Exit activity 139 195 Sep-2025 Sep-2026 1,941 2,274 Sep-2025 Sep-2026 €354bn Total AUM 11 23 7 5 LTM Q3 2025 LTM Q3 2026 16 30 Co-invest2Q3 €17bn €12bn 17 12 2 LTM Q3 2025 3 LTM Q3 2026 19 15 Co-invest2Q3 €10bn €15bn On plan Above plan Private Capital ✓ EQT IX ✓ EQT X ✓ BPEA IX ✓ EQT VII ✓ BPEA VII ✓ EQT VIII ✓ BPEA VIII Infrastructure ✓ Infra IV ✓ Infra V ✓ Infra VI ✓ Infra III Secondaries ✓ CIP IX Sending back €29bn to clients3
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3EQT AB Q3 Announcement 2026 EQT – the world’s third largest private markets firm 1 We are continuing to build EQT to be the most attractive platform in the private markets 1) PEI 100, October 2026. EQT including Coller Capital 2) Investments and realizations respectively, for fund and co -investors 3) Source: Preqin, April 2026 # Manager Total $bn raised (L5Y) 1 Manager 1 357 2 Manager 2 302 3 239 4 Manager 4 215 5 Manager 5 192 6 Manager 6 185 7 Manager 7 183 8 Manager 8 149 9 Manager 9 133 10 Manager 10 116 1 3 PEI – The world’s largest private market firms Global deal sourcing machine €75bn invested L2Y2 Disciplined exit and liquidity €58bn of exits L2Y2 Thematic exposure to AI Infrastructure $11.5bn AI Infra NAV The gateway to Europe’s start-up ecosystem €5bn Scaleup Europe Fund target size Scaled platform across Asia $15.6bn BPEA IX3 Liquidity and solutions for our clients €34bn Coller EQT FAUM Evergreens for Private Wealth 12 vehicles Delivering for our clients
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4EQT AB Q3 Announcement 2026 Coller EQT – off to an excellent start Providing EQT access to one of the fastest growing areas in private markets 1) Sources: Bain, Citi, EQT estimate Rising LP demand for liquidity and GP-led CVs drives the secondaries market AUM growth Structural growth +$3.5tn secondaries market AUM growth 2025-351 2 structured products closed in 2026 Insurance growth engine $8.8bn capital raised from insurance 2024-26 YTD by Coller EQT Consistently strong performance across strategies Track record 1st quartile net MOIC across CIP V-VIII Joint platform enables cross-selling opportunities and acceleration of Coller’s product build-out Business acceleration Double Coller EQT’s FAUM in less than four years
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5EQT AB Q3 Announcement 2026 5EQT AB Q3 Announcement 2026 Scaleup Europe Fund – Strong fundraising momentum and attractive deal pipeline €5bn target fund size Strong deal flow fuelled by SEF Target 40+ investments with avg. ticket sizes of €30-300m Thematic investments in Europe’s breakthrough technology champions A leading European clinical AI platform Pioneering Europe's independent access to space stations Europe's sovereign AI champion for critical industries Category-defining AI-native software creation platform A leader in synthetic aperture radar satellite intelligence Global live-entertainment discovery platform AI chip company making AI compute more efficient and affordable
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6EQT AB Q3 Announcement 2026 EQT – the partner of choice for European founders, as well as private market investors seeking access to Europe Preferred partner for talent and start-ups Halo effect across strategies, in Europe and globally Gateway for capital into Europe Deep early-stage insights to the benefit of our global strategies
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7EQT AB Q3 Announcement 2026 NAV in AI Infrastructure reaches $11.5bn in Q3 NAV Q2 Capital Raised Value appreciation Label $9.4bn Capital raised Value appreciation $11.5bn AI Infra was launched in Q2’26 Continuous capital access Long-term value creation NAV June 30, 2026 NAV September 30, 2026
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8EQT AB Q3 Announcement 2026 EdgeConneX - the 2nd largest developer of data center capacity in the world Source: TD Cowen, SemiAnalysis, as of 17 Sep 2026. YTD 2026 data 2,5441 -backed -owned -owned -backed **The SB Energy / OpenAI deal would not have met ECX’s return thresholds and is not expected to deliver its full power potential. # Operator / developer Main owner % of total MW leased 1 Company 1 Firm A 28% 2 8% 3 Company 2 Firm B 6% 4 Company 3 Firm C 4% 5 Company 4 Firm D 4% 6 Company 5 Firm E 3% 7 Company 6 Firm F 3% 8 Company 7 Firm G 3% 9 Company 8 Firm H 3% 10 Company 9 Firm I 2% 2020 Today $1.5bn $50bn First investment Equity value 2 Data center developers – 2026 26 countries 90+ sites 95%+ hyperscaler contracts 10 years+ serving hyperscalers
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9EQT AB Q3 Announcement 2026 Acquisition of Stockbridge Building on a top-performing industrial platform to capture a large and fragmented real estate market Note: The transaction is subject to customary closing conditions, including regulatory approvals. 1) MSCI Real Estate Market Size (August 2026), Global professionally managed real estate investment market. 2) PERE 2025, estimated based on Top 10's share of funds raised out of the listed 200 players in PERE's ranking. 3) Preqin, Private Markets in 2030, October 2025, Real Estate Private Equity AUM growth EQT Real Estate before acquisition $34bn TAUM ~400 Employees 55 Offices $25bn FAUM Untapped potential within Real Estate What Stockbridge brings to EQT ~$13tn market; ~$3-4tn in funds Institutional Real Estate AUM1 ~30% to top 10 players Based on funds raised L5Y2 ✓ Enhanced scale, strength and capabilities across the platform ✓ 20-plus-year heritage and a reputable, client-centric and culturally aligned team ✓ Excellent track record in Alternative Living sectors ✓ Top-performing diversified open-end core funds A top-performing industrial platform with 18 years of experience A large, growing and fragmented market Performance and diversification 7-8% p.a. growth In Real Estate AUM 2025-303 Supply shortage Demographic needs Digitalization Deglobalization ✓ Complementary industrial capabilities
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10EQT AB Q3 Announcement 2026 Broadening product offering and creating a more diversified Real Estate platform Note: The transaction is subject to customary closing conditions, including regulatory approvals. Financials as of Q3 2026 for EQT and Q2 2026 for Stockbridge, unless stated; Sector and Strategy split based on FAUM; Totals might not add up due to rounding; Other include Office, Retail, Alternatives. 1) Directional estimates of combined state; 2) Stockbridge figures as of latest available FAUM split by sectors FAUM split by strategies Strong Industrial player with diversified offering Strategies across the investing spectrum FTEs ~400 ~600 FAUM ~$25bn ~$42bn2 + Industrial ~75% Living ~20% Other ~5% Value-add ~40% Core+ ~25% Core ~35% Industrial ~90% Living ~10% Value-add ~55% Core+ ~20% Core ~25% Illustrative combined1 Q3-2026 Note: Q3-26 pie charts to be updated with final Q3 figures once available
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11EQT AB Q3 Announcement 2026 Stockbridge strengthens EQT’s presence in US Real Estate Note: The transaction is subject to customary closing conditions, including regulatory approvals. Totals might not add up due to ro unding; As of Q2 2026 if not stated; 1) Refers to fully realized track record in Manufactured Housing; 2) $4bn in open-ended diversified core (SMF); 3) Refers to the open -ended diversified core fund, SMF, NCREIF ODCE Index Q1 2026; 4) Since inception returns of Niche Logistics Fund (~70% Industrial Outdoor Storage) in 2021 About Select sector and product highlight 2003 Founded San Fran. HQ $16.5bn FAUM ~185 Employees 6 Offices across the US ~180 Clients Alternative Living $15bn Realized cumulative value1 19% / 4.1x Net IRR / Net MOIC1 Open-ended core ~$4bn FAUM2 Top 5% Performance across 1-, 3-, and 5-year periods3 Industrial outdoor storage ~$2bn FAUM 11% Net returns4 SMAs ~$10bn FAUM Relationships For strategic clients seeking targeted exposure Strong, fully realized track record in attractive Living sectors Established and scaled product Scaled presence in attractive logistics niche Diversified and sector- specific across the risk spectrum
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12EQT AB Q3 Announcement 2026 What we can achieve together Build a leading US industrial platform, adding Stockbridge's industrial outdoor storage expertise to EQT's logistics capabilities Expand into alternative living sectors, building on Stockbridge's long- standing manufactured housing track record Scale Stockbridge's established open-ended core products through EQT's global client network Realize platform benefits across operations, capital raising, as well as analytics and AI Note: The transaction is subject to customary closing conditions, including regulatory approvals
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13EQT AB Q3 Announcement 2026 Stockbridge’s financial contribution to EQT Real Estate Note: The transaction is subject to customary closing conditions, including regulatory approvals. Estimates based on October 2026, and are subject to change Fee-generating AUM 2027E $17-19bn Management fees 2027E $120-130m Fee-related EBITDA 2027E $35-45m Future growth to be mainly driven by expansion of open-ended core, industrial outdoor storage and alternative living Note: Saying FAUM 2027 at 18-20 will be a stretch (base case at 17.9)
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14EQT AB Q3 Announcement 2026 Aligned partnership for long-term growth $375m Base consideration. 50% to be reinvested in EQT AB shares under lock-up1 100% Cash acquisition Q1 2027 Expected closing $0-175m earnout Additional consideration subject to performance targets Internal note - multiple for discussion • 2027 "high single-digit" based on: $375m base consideration / midpoint of guided range of $40m = 9.4x • Beyond 2027 "low double-digit" based on: 20% growth from $40m = $48m -- > $550m / $48m = 11.5x Note: The transaction is subject to customary closing conditions, including regulatory approvals . 1) Applies to the majority shareholders and to sellers who remain with the combined entity after closing
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15EQT AB Q3 Announcement 2026 Strong fundraising and value creation momentum AI Infrastructure NAV reaches $11.5bn. Strong demand in Scaleup Europe Fund, with a €5bn target fund size which we expect to reach and exceed Funds will not contribute to net inflows or FAUM until activation • Impact on FAUM only when funds are activated • EQT XI activation expected within the next few months • Infra VII activation expected around year-end and with early close expected in December • CIP X to be launched early next year Net inflows & value development to FAUM Q3 2026 Key funds Highlights • 10+ other closed-ended strategies in fundraising during 2026 • Activation of Scaleup Europe Fund • CCO III launched • Final close of Healthcare Growth Other closed-ended • 12 evergreen vehicles active as of Q3 2026 • Launch of Nexus Asia – access to Asia private markets Evergreens for private wealth • EQT AI Infrastructure - continued strong momentum • EQT Active Core Infrastructure activated during Q3 Institutional open-ended €11bn €24bn €1bn Net inflows Value development for open-ended funds charging fees on NAV €5bn €0.2bn €10bn €19bn €4bn Of which related to Coller Capital
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16EQT AB Q3 Announcement 2026 EQT is well positioned to capture the fast-growing insurance opportunity Note: As of Q3 2026 unless stated Source: Bain & Company Insurance alternatives AUM, 2025–35 Insurance is a large and growing source of capital … … and EQT is well positioned to capture this opportunity $4-5tn $10-12tn 2025 2035E 10% Insurers' allocation to alternatives in 2025, double the 5% of 2015 +$6tn New alternatives AUM from insurance by 2035, 12% of total market growth $8.8bn Capital raised from insurance in 2024–26 YTD by Coller EQT $2.7bn Structured product closed in Q3 9 Structured products launched for insurance clients since 2020 ~9% p.a.
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17EQT AB Q3 Announcement 2026 Private Capital Infrastructure Real Estate Secondaries Private Equity Infra- structure Real Estate Private Equity Secondaries Private Credit Secondaries US Europe & Asia Positive trajectory across the evergreen platform Q3 seasonally less active quarter 1) Including Coller Capital from signing in Q1 2) FAUM incremental to EQT AB Evergreen net inflows (€bn)1One new Private Capital Asia-focused evergreen launched in Q3 ✓ ✓✓✓✓ Evergreens launched in Q3 ✓ ✓✓ ✓✓ ~0.2 ~0.3 ~0.5 ~0.5 ~0.7 ~1.3 ~1.0 ~0.9 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 €11bn NAV of which FAUM2 €8bn ✓✓
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18EQT AB Q3 Announcement 2026 Attractive deal flow across the platform Continued focus on exits and liquidity – active pipeline into 2027 1) Signed transactions 2) Split of investments / exits LTM Q3 2026. Split only related to primary investments and exits 3) Split of investments / exits LTM Q3 2026 Fund investments1 Fund exits1 42% 8% 50% 26% 7% 55% 9% 3% Europe APAC North America PC EU & NA PC Asia Infrastructure Real Estate Secondaries 45% 11% 25% 18% 1% PC EU & NA PC Asia Infrastructure Real Estate Secondaries 45% 12% 43% Europe APAC North America 4 4 3 5 4 6 13 7 24 22 16 16 17 28 30 Q3’24 Q4’24 23 Q1’25 18 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 7 3 4 4 9 2 5 3 4 3 7 11 14 20 19 19 15 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 19 Q1’26 Q2’26 Q3’26 14 By geography2 By sector3 By geography2 By sector3 12 15 Quarter (€bn) LTM (€bn) Co-invest LTM (€bn) Quarter (€bn) LTM (€bn) Co-invest LTM (€bn)
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19EQT AB Q3 Announcement 20261) Change in value between opening and closing balance, excluding any added or deducted invested capital during the period, equivalent to the like-for-like fund performance Double digit value uplift in Private Equity and Infrastructure LTM 2019Vintage 2020-2021 2022 → • Large share of portfolio already realized • Resilient performance across the platform offset by lower reference multiples in Private Capital Value creation highlights in Q3 • Overall good performance in Q3 • Strong relative performance considering vintages • Very strong performance across the portfolio, paced by Infrastructure and the Energy and Digital portfolios • EQT X performing well with mid- teens value increase LTM • CIP IX and BPEA IX are in investment mode Expected Gross MOIC ∆ Value1 Q3 2026 / LTM 2026 +1% +5% +7% On plan ✓ EQT Infra IV Above plan ✓ EQT VII ✓ EQT Infra III ✓ EQT VIII ✓ BPEA VII On plan ✓ EQT IX ✓ EQT Infra V Above plan ✓ BPEA VIII On plan ✓ EQT X ✓ EQT Infra VI ✓ CIP IX ✓ BPEA IX -2% +10% +24% Overall key funds up 10% LTM and 5% during the quarter
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20EQT AB Q3 Announcement 2026 Balance sheet capital is used to accelerate growth with aligned interests Balance sheet commitments expected to generate ~10% annual returns 1) As of June 30, 2026 Investment returns Closed-ended seed capital Short-term capital to accelerate launch of new closed-ended strategies Evergreen seed capital Seed capital is returned as third-party inflows replace it, with returns earned on the shares held Structured solutions Insurance and institutional structures that open new pools of capital; EQT holds equity components that earn investment returns Committed alongside clients in EQT funds; earns fund returns and anchors alignment with clients Selective acquisitions that broaden the platform EQT AB investments into carried interest, held at current fair market value on the balance sheet Relative expected future deployment Interest/preferred interest component Value appreciation of shares held Value appreciation of equity component Closed-ended seed capital Short-term capital to enable deployment and accelerate launch of new closed-ended strategies Structured solutions Insurance and institutional structures that open new pools of capital to EQT funds Strategic investments ~€2bn1 Evergreen capital Seed portfolios and shares in launched products, to give new funds a diversified and invested portfolio from day 1 Value appreciation of drawn capitalCommitted alongside clients in EQT funds; anchors alignment Fund Investments ~€1bn1 AccretiveSelective acquisitions that broaden the platform and client offeringStrategic M&A Closed-ended seed capital Short-term capital to accelerate launch of new closed-ended strategies Objective Total balance sheet investments ~€3bn1
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21EQT AB Q3 Announcement 2026 EQT’s revenue items H1-20261 Long-term outlook Management fees €1,062m Long-term recurring on a growing fee-base Fee-related performance revenues €28m Recurring and scaling with open-ended offering Transaction, advisory & other fees €52m Transaction driven and expected to remain stable Investment income €212m Driven by fund performance from balance sheet investments Carried interest €54m Growth driven by value creation and exit activity Fee-related growth demonstrates the recurring and durable nature of EQT’s business EQT’s recurring fee-related revenue mix is broadening 1) Total adjusted
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22EQT AB Q3 Announcement 2026 Strong fundraising momentum and attractive deal flow 4 Acquisition of Stockbridge to further build EQT Real Estate’s US presence, broaden offering to new thematic areas such as Alternative Living and strengthen EQT Real Estate core strategies15 Successful closing of Coller Capital transaction; good start to Coller EQT with attractive growth opportunities in the insurance channel, private wealth, and new client strategies 2 Scaleup Europe Fund off to an excellent start; 7 investments during the quarter, strong fundraising momentum, broader halo effect for all of EQT 1 AI Infrastructure reached $11.5bn in NAV; paced by fundraising and value creation in EdgeConneX - the 2nd largest developer of data center capacity globally 6 3 Attractive deal flow - EQT XI is expected to be activated within the next few months and Infrastructure VII is expected to be activated around year-end 1) The transaction is subject to customary closing conditions, including regulatory approvals Active fundraising across 10+ closed-ended funds, 2 open-ended funds and 12 evergreen vehicles; expecting to raise €140bn in the current cycle vs initial €100bn expectation
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Appendix
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24EQT AB Q3 Announcement 2026 Coller EQT | Today Win-win partnership with aligned incentives 1) SP&I shows all FAUM raised through SP&I products. This capital is invested in or will invest alongside the underlying Coller EQT funds Financial deep-dive Coller EQT Fund valuations FAUM development 1 2 3 4 Doubling Coller FAUM within 4 years A more scaled and diversified platform with strong global growth opportunities Accelerate growth in existing strategies and enable expansion into adjacent secondaries strategies Structural growth in the secondaries market with client needs for strategic liquidity solutions Strong position in structured solutions for the insurance channel FAUM mix Fee-related revenue ($m) Fee-related EBITDA ($m) 170 200 364 2023 2024 2025 +46% 65 75 164 2023 2024 2025 +59% 2026E at ~$365m 2026E at ~$175m with a margin of ~50% 59% 8% 19% 13% Private Equity Private Credit SP&I1 Evergreen $38bn
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25EQT AB Q3 Announcement 2026 Coller EQT | Update to FAUM definition Updated FAUM definition takes Coller EQT’s FAUM to $33bn vs. $38bn with previous definition Financial deep-dive Coller EQT Fund valuations FAUM development FAUM – unadjusted capital base (previous definition) FAUM – adjusted capital base (updated definition) 0 0 100 50 150 4 8 12 FAUM Fee-rate (BPS) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Fee-rate (BPS) FAUM • Coller EQT’s FAUM will from Q4 and onwards be presented with the updated FAUM definition to align with EQT reporting • In the updated definition, the FAUM base in applicable Coller EQT funds will step down gradually, and the fee-rate will remain • The adjustment enables further transparency on the Coller EQT fee base within EQT’s current reporting framework and FAUM bridges • For reference, Coller EQT’s Q3 FAUM would be $33bn with the updated definition vs. $38bn with the previous definition. The previously stated $40bn YE 2026 guidance is reiterated (based on the previous definition), i.e., equivalent to around $35bn with the new definition 100 100 100 90 80 70 60 50 40 30 0 0 50 100 150 4 8 12 FAUM Fee-rate (BPS) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 100 100 100 90 80 70 60 50 40 30 Management fees 720 in total management fees 720 in total management fees
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26EQT AB Q3 Announcement 2026 Coller EQT | Definitions Metric Explanation FAUM • From Q4: Capital base stepping down, fee-rate remaining the same • Q3 2026 FAUM: $38bn. FAUM aligned with EQT reporting framework:$33bn % invested • Total committed capital from Coller EQT funds into underlying investments (drawn + unfunded) Investments • Capital drawn to underlying investments Exits • Distributions from underlying fund investments’ exits Realized cost and value • Realized cost and value are the same until a portfolio is 1.0x DPI, after which each realized $ is treated as realized gain. Distributions of income from the underlying portfolio are recognized as realized value with no corresponding realized cost “On plan” • Expected Gross MOIC of 1.7-2.0x for Key funds Financial deep-dive Coller EQT Fund valuations FAUM development
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27EQT AB Q3 Announcement 2026 Coller EQT | Strategies and economics 1) FAUM – unadjusted capital base (previous definition) Financial deep-dive Coller EQT Fund valuations FAUM development Strategies Fund series Fee model Carried interest FAUM1 ($bn) Of which SP&I Private Equity Secondaries • CIP • Fee base: Committed capital • Fee rate: 0.85%-1.25% (subject to investor specific discounts based on size, timing or other fee arrangements), until step- down date • Post step-down: step down in fee rate of around 90% of the previous year’s rate • 10%-20% on fund returns above a 7% preferred return • 10% to EQT AB Group for CIP IX • Prior funds have no allocation to EQT AB Group 27.2 4.5 Private Credit Secondaries • CCO • CCS • Fee base: Invested capital • Fee rate: ~1% (subject to investor specific discounts based on size, timing or other fee arrangements) until step-down date • Post step-down: fee rate reduced by 6 bps every 6 months • 10% on fund returns above a 5% preferred return • Prior funds have no allocation to EQT AB 6.0 2.8 Evergreens • C-SPEF • C-SCOF • CollerEquity • CollerEquity Opportunities • CollerCredit • Fee base: adjusted NAV • Fee rate: varies between 1.0%-1.65%, dependent on product • Fee-related performance revenues of 12.5%, above determined hurdle rate 5.0 - SP&I • PBN • CBL • Evergreen structured products • IDFs • Fee rate and model: varied based on structure and product • Varies based on structure and product - Total 7.3 Total 38.2
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28EQT AB Q3 Announcement 2026 Fee-related performance revenue Fee-related performance revenues Crystallization Distribution Evergreens (co-invest part) Annual / Quarterly Cash / Shares AI Infra Every 3rd year2 Cash / Shares Active Core Infrastructure1 Every 3rd year Cash / Shares Closed-ended, institutional funds n.a. n.a. Recurring revenue stream of increasing importance 1) Open-ended 2) First tranche after 4 years Funds charging on NAV • Fee-related performance revenues are earned on a recurring basis from funds charging on NAV • Earned when the fund’s NAV exceeds the fund’s determined performance threshold (“hurdle”). High watermark principle • Fee-related performance revenues are typically paid every 1-3 years, and paid in either cash or shares • P&L treatment: Once the hurdle is exceeded, a time- based revenue recognition is applied. I.e., for a fund with fee-related performance revenues measured and received on an annual basis, at Q3 in a given year 3/4 (for a 3-year fund, this would be 3/12) out of the total fee-related performance revenues based on current NAV are accrued over the P&L Financial deep-diveColler EQT Fund valuations FAUM development
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29EQT AB Q3 Announcement 2026 Gross MOIC development for Key funds Private Capital EU&NA Private Capital Asia Infrastructure Coller EQT 2.5x 2.5x 2.5x 2.4x 2.4x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 EQT VII – Above plan EQT VIII – Above plan EQT IX – On plan EQT X – On plan EQT Infrastructure III – Above plan EQT Infrastructure IV – On plan EQT Infrastructure V – On plan EQT Infrastructure VI – On plan BPEA VIII – Above plan BPEA VII – Above plan BPEA IX - On plan CIP IX – On plan 2.4x 2.4x 2.3x 2.3x 2.3x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.7x 1.7x 1.7x 1.7x 1.7x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.1x 1.2x 1.2x 1.2x 1.3x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 2.7x 2.7x 2.6x 2.5x 2.5x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.3x 1.3x 1.3x 1.3x 1.3x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.0x 1.0x 1.0x 1.1x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 n.a. 2.7x 2.7x 2.7x 2.7x 2.7x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.9x 1.8x 1.9x 2.0x 2.0x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.6x 1.6x 1.6x 1.8x 1.9x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.1x 1.1x 1.2x 1.3x 1.4x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 1.5x 1.4x 1.5x 1.5x 1.5x Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 New deals enter at 1.0x Financial deep-diveColler EQT Fund valuations FAUM development
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30EQT AB Q3 Announcement 2026 FAUM development EQT XI and Infrastructure VII will not contribute to net inflows or FAUM until activation Q3 2026 LTM Q3 2026 155 40 30 Jun 26 Net inflows 1 Value development -0 Step-downs -2 Exits 0 FX and other 30 Sep 26 195 139 195 62 30 Sep 25 Net inflows 4 Value development -3 Step-downs -9 Exits 2 FX and other 30 Sep 26 Financial deep-diveColler EQT Fund valuations FAUM development of which €34bn related to the inclusion of Coller Capital of which €34bn related to the inclusion of Coller Capital