Imagine Tomorrow Since 1871 Annual report 2021

2.4 billion euros of approved credit lines, a 9% increase compared to 2020*

Average credit margin stable compared to last year, despite competitive credit environment.

No loss nor provisions booked on credit portfolio.

Transfer of the credit portfolio held in France to our group expertise center in Belgium, following the transformation of our banking entity in France into a management company.

Continued development of the Lombard loans granted to clients in Belgium, Luxembourg and France as an alternative to standard mortgage loans.

Outstanding year with strong performances across strategies (buy-out, co-invest, secondaries, etc.), in a general market context characterized by unprecedented levels of fundraising, as well as of investment and exit activity.

Launch of four new feeder funds, including two new partnerships with renowned international managers in the buy-out space.

Milestone transaction for Green Fund IV, in the field of renewable energy sector, involving significant co-investment by several investors of the fund.

Swift deployment of capital by the recent funds, as well as favourable developments and successful exits for the more mature funds, leading to a rapid increase of the number of distributive projects, and contributing strongly towards concrete, delivered track record.

More than 70 mandates in mergers & acquisitions, capital markets transactions and advisory, confirming Degroof Petercam’s leading position in investment banking services for mid-size companies.

52 M&A and advisory mandates of which 27 in Belgium and 25 in France, for a total of 3.2 billion euros:

Six equity capital market transactions, mainly in the healthcare sector, with the IPO of Onward Medical on Euronext Brussels and Euronext Amsterdam, the IPO of Nyxoah on Nasdaq, and the Accelerated Bookbuilding of existing (Pharmagest, Deceuninck) or new (Acacia Pharma and Avantium) shares.

13 debt capital market transactions, confirming our number two position in EMEA for private placements according to Dealogic:

25% increase in the number of clients for stock options & incentive plans and expansion of these services to listed companies.

Continued development of Derivatives services, attracting new clients and extending the area of activity.

Growth of trading activities, in particular Forex activity.

Organization of seven thematic conferences and 154 roadshows including more than 2,700 investor meetings.

Launch of the new Commissioned Research service with four new companies covered in France, Belgium and the Netherlands.

Top five in the Benelux Equity Research category of the Extel survey conducted by Reuters.

Strengthening of the technical and human resources of the dealing room to cope with a more complex environment and an increasing order volume.

Record growth with assets under management (gross) rising 17.1% to reach 50.7 billion euros with net capital inflows of 1.3 billion euros.

88% of the growth stemming from outside of Belgium confirming the continued international expansion.

Significant inflows in equity, especially in the global and European equity strategies.

28.8% increase of sustainable assets under management (gross) from 15.3 billion euros to 19.7 billion euros.

Creation of Syncicap Asset Management in Hong Kong, a joint venture resulting of the strategic partnership between DPAM and OFI Asset Management (OFI AM).

Numerous international awards rewarding quality of the management and investment performances, including:

Appointment of Peter De Coensel as CEO and chairman of DPAM’s management board, following Hugo Lasat’s nomination as CEO of Degroof Petercam and chairman of DPAM’s Board of Directors.

59.6 billion euros of assets under administration, a record high representing a 15% increase compared to 2020.

954 million euros in net inflows from the group as well as from existing and new third-party clients.

Launch of MyDPi, a digital platform enabling institutional clients to view and manage their assets.

Launch of four new private equity investment vehicles bringing total private equity fund commitments under administration to nearly 900 million euros.

20-year anniversary since the launch of the first sustainable investment strategy.

Focus on the EU’s sustainable finance action plan and European Union’s Sustainable Finance Disclosure Regulation (SFDR) alignment at DPAM level*:

Significant progress on controversial activities policy, including a clear distinction between the exclusion criteria for article 8+ and 9 DPAM products and article 8 and others products.

Active shareholder responsibility through:

International recognition of DPAM, including:

Social engagement of coworkers:

300,000 euros of support spread until 2029 for the Story-me project stimulating entrepreneurial skills in Brussels professional schools.

One million euros awarded together with complementary support spread over five years to 'Ticket for Change', a French organization aiming at positive social and environmental change through employment. This support will enable them to replicate their model in Belgium and Luxembourg.

Publication of the first Impact Report of the Degroof Petercam Foundation.

Organization of an event dedicated to social entrepreneurship in the presence of Paul Duan (founder of Bayes Impact and winner of the Degroof Petercam Foundation Award 2020), Jimmy Wales (co-founder of Wikipedia) and Cal Fussman (influential American journalist).

Commissioning and publication of a study conducted by the Esade Entrepreneurship Institute in Barcelona on employment, identifying the most vulnerable groups and the existing solutions covered by public and private initiatives.