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FINANCE | Investment Banking
kbc.com

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Investments

24

Portfolio Exits

9

Funds

1

Partners & Customers

10

About KBC Group

KBC Group (Euronext: KBC) (LuxSE: KBC) is an integrated bancassurance group, catering mainly to retail, small-to-medium enterprises, and mid-cap customers.

KBC Group Headquarters Location

Avenue du Port 2

Molenbeek-Saint-Jean, B-1080,

Belgium

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Latest KBC Group News

KBC Groupe : presents its first Climate Report setting out specific targets for reducing future CO2 emissions

Oct 5, 2022

10/05/2022 | 11:52am EDT Message : KBC presents its first Climate Report setting out specific targets for reducing future CO2 emissions At a press meeting today, KBC Group CEO Johan Thijs elaborated on KBC Group's Climate Report. Johan Thijs: 'At KBC, we've been focusing on climate since 1970, when founding Argus, our Foundation for scientific, environmental research, and educating and raising awareness among the general public regarding environmental policy and rehabilitation. We'd already set ambitious targets in the past, which each time we had met and exceeded. But in 2019, we shifted up a gear by signing up to the United Nations' Collective Commitment to Climate Action and undertaking - in collaboration with our customers - to promote the maximum greening of the economy in an effort to limit global warming to well below 2°C and work towards hitting a target of 1.5°C, as set out in the Paris Agreement. In recent years, we have already taken important steps to help curb global warming. The Climate Report, which we published on 30 September and are looking at in more detail today, outlines our vision and ambitions for climate policy in the area of lending and asset management throughout the group in the years ahead. This is reflected in the ambitious new targets set out in the report as regards the impact of our loan portfolio and asset management activities on climate. These come on top of the policy guidelines we apply specifically to our customers' activities in a number of key sectors. For us, these sectors represent the highest risk of exposure to CO2 emissions and accounted for two-thirds of the estimated financed CO2e emissions associated with our lending activity at the end of 2021. Even though the quality of the data, just as accuracy of the methodologies used worldwide are still not always optimal, we're assuming our responsibility and setting specific climate targets and actively helping to create a low-carbon, sustainable society. The targets provide a transparent framework of where we want to go as a company in the short term (2030) and in the longer term (2050), both in terms of ourselves and our customers. Our current targets relate to lending and asset management. At present, not enough recognised research and reporting methods are available for insurance activities.' Filip Ferrante, General Manager of KBC Group Corporate Sustainability, adds: 'KBC's Climate Report contains analyses and targets for the energy, real estate, transport, agriculture, construction and metals sectors, some of which have been broken down into sub-sectors.We have set specific and measurable targets for these sectors and aim to hit those targets by 2030. They are based on currently accepted science and our own assessment of what is economically and technically feasible for those sectors. We have incorporated all this information into White Papers for each sector. The targets take account of the economic and social fabric and therefore should be interpreted in a broader sense rather than purely in terms of climate-relatedissues. This allows us to maximise the role we play in society and to help facilitate the necessary, but achievable, transition to a more sustainable society for our customers. We will provide maximum support and guidance for this transition in the form of financial and technical expertise, without compromising our efforts to achieve the climate targets we've set ourselves. Page 1 of 4 A comprehensive and transparent overview of our ESG achievements and progress made in the past year, along with our sustainability ambitions, are set out in the KBC Sustainability Report which was published in April 2022. This report also includes figures for KBC's indirect environmental footprint for the first time.' Each sector faces specific challenges Not all sectors will be able to reduce their CO2 emissions at the same rate and to the same extent, given that they each face different economic and technological challenges. KBC's decarbonisation ambitions primarily concern the real estate and energy sectors, but they also cover the transport sector. These sectors are where KBC can exert most financial leverage to help achieve transition. It's also why KBC is taking the lead and treating its own home loan portfolio as a specific sub-sector, just as it does its lending activities and car and light-duty vehicle leasing business. For some sectors, the immediate reduction of greenhouse gas emissions is far from obvious because new technologies are still lacking or because - as in agriculture - the effects of a number of natural processes must be taken into account. KBC has already set clear objectives for these sectors as well. KBC has already taken a series of concrete initiatives to assist customers in their transition to more sustainable business operations KBC works with specialised external partners to help its customers transition to more sustainable business operations. Together with Encon , KBC has already had more than 340 meetings with major corporate customers to help them make their business processes more sustainable. This has resulted in more than 200 advisory contracts. Following the example set by the partnership with Encon for corporate customers, SMEs will soon be able to receive climate-related advice from KBC Sustainability Services, a specialised KBC subsidiary. In collaboration with EDI , KBC guarantees the installation of 2 000 electric vehicle charging stations at a keen price and with tax breaks for SME customers. KBC Autolease is the clear market leader in bicycle leasing for employees. At present, more than 80% of new leases are for more sustainable means of transport (bicycles, electric cars, hybrid cars). 67% of new car leases are currently for electric or hybrid cars (almost as many as for vehicles with conventional combustion engines in 2020). KBC gives private customers the opportunity to compare energy prices and switch to a better deal thanks to Mijnenergie.be in KBC Mobile. Setle is a tool to help estate agents arrive at a realistic estimate of the expected cost of renovating a property. KBC Belgium is working with Belgian start-up, Claire 1, to accelerate the roll-out of carbon farming practices2 in Belgium … Website only available in Dutch 'Carbon farming' is a general term for agricultural practices that aim to store carbon in the soil. This enriches the soil, improves soil structure and ensures farmers receive compensation for their efforts in the form of 'carbon credits' that can be traded on a dedicated platform. Farmers can also obtain carbon credits in exchange for using carbon sequestration techniques. Page 2 of 4 KBC has set the following targets for its loan portfolio: When interpreting the diagram setting out the key targets, it is important to relate the percentages shown to the measure ('metric') used. KBC aims, insofar as is possible, to use physical emissions intensity metrics (e.g., grams of CO2 /km for cars), but such data is not yet available for every sector. For the moment, therefore, KBC is using targets based on financial intensities as an alternative (e.g., tonnes of CO2 /m euros of financing in the energy sector). For a detailed overview of all the targets, please refer to the Climate Report . KBC also sets responsible investing targets KBC operates not only as a lender, but also as an asset manager. Over the past few decades, KBC has taken on the role of pioneer in responsible investing. It is still doing that today and will continue to do so in the future. At the end of 2021, 31.7 billion euros' worth of financial assets were managed responsibly at KBC Asset Management. Of every 100 euros that are currently invested, more than half is invested according to responsible investment criteria. This gives KBC Asset Management plenty of financial clout to facilitate the transition to a carbon-neutral society. It is for this reason that the Climate Report includes a specific section dealing with targets for KBC Asset Management KBC communicates its sustainability policy, targets and achievements in an open and transparent manner The Climate Report supplements KBC's Sustainability Report . It is a technical document aimed primarily at sustainability experts, but is of course freely available to anyone interested in this subject area. It is only available in English. KBC's business activities in Belgium are represented most, proportionally speaking, in the Climate Report, but the activities in Central Europe will take on increasing importance in future editions. The report is one of the commitments undertaken by KBC in 2019, when it and other leading international financial institutions signed up to the United Nations' Collective Commitment for Climate Action (CCCA). Page 3 of 4 Within three years of joining, members are required to set specific targets to bring their financial flows into line with the Paris Agreement (i.e. to limit global warming to below 2°C and preferably to 1.5°C). PricewaterhouseCoopers audited the calculated baseline for the climate targets set by KBC for its lending activities, as set out in the Climate Report. KBC Group NV

KBC Group Investments

24 Investments

KBC Group has made 24 investments. Their latest investment was in Setle as part of their Seed on August 8, 2022.

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KBC Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/23/2022

Seed

Setle

$1.5M

Yes

1

3/25/2022

Seed VC

Planet B

$0.88M

Yes

1

6/2/2020

Series A

Wizata

$3.02M

Yes

1

6/26/2019

Seed VC

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$99M

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10

6/18/2019

Seed

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$99M

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10

Date

8/23/2022

3/25/2022

6/2/2020

6/26/2019

6/18/2019

Round

Seed

Seed VC

Series A

Seed VC

Seed

Company

Setle

Planet B

Wizata

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Amount

$1.5M

$0.88M

$3.02M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

KBC Group Portfolio Exits

9 Portfolio Exits

KBC Group has 9 portfolio exits. Their latest portfolio exit was KBC Group - Ireland on October 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/22/2021

Divestiture

KBC Group - Ireland

$99M

10/22/2021

Divestiture

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$99M

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10

1/29/2020

Acquired

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$99M

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10

7/28/2014

IPO

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$99M

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10

2/28/2013

Acquired

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$99M

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10

Date

10/22/2021

10/22/2021

1/29/2020

7/28/2014

2/28/2013

Exit

Divestiture

Divestiture

Acquired

IPO

Acquired

Companies

KBC Group - Ireland

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

10

10

10

10

KBC Group Acquisitions

6 Acquisitions

KBC Group acquired 6 companies. Their latest acquisition was Raiffeisen Bank International - Bulgarian Operations on November 15, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/15/2021

$99M

Acquired Unit

3

2/11/2021

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$99M

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10

2/18/2020

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$99M

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10

12/29/2017

Other

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$99M

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10

12/30/2016

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$99M

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10

Date

11/15/2021

2/11/2021

2/18/2020

12/29/2017

12/30/2016

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired Unit

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Sources

3

10

10

10

10

KBC Group Fund History

1 Fund History

KBC Group has 1 fund, including KBC Focus Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/17/2019

KBC Focus Fund

$56.12M

1

Closing Date

6/17/2019

Fund

KBC Focus Fund

Fund Type

Status

Amount

$56.12M

Sources

1

KBC Group Partners & Customers

10 Partners and customers

KBC Group has 10 strategic partners and customers. KBC Group recently partnered with DEME on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/15/2022

Vendor

Belgium

KBC to act as sole sustainability coordinator to transform DEME’s long-term loan portfolio into sustainability-linked loans

Building further on the strong and longstanding partnership between DEME and KBC Bank NV , KBC Bank NV is proud to have been appointed as sole sustainability coordinator by DEME , one of the champions of the Belgian economy .

1

6/25/2021

Partner

Belgium

Immoscoop, KBC and 16 property brokers join forces to build a reference online real-estate platform

KBC is an important player in the Flemish and Belgian housing market and hence a natural partner for Immoscoop .

1

5/31/2021

Partner

Netherlands

Electric vehicles persuade Mediahuis - Corporate Banking - KBC Banking & Insurance

To help with the practical development of the car policy and putting into practice for employees , Mediahuis surrounded itself with partners who know their way around the subject , including KBC .

1

5/12/2021

Partner

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10

1/18/2021

Vendor

United Kingdom

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10

Date

2/15/2022

6/25/2021

5/31/2021

5/12/2021

1/18/2021

Type

Vendor

Partner

Partner

Partner

Vendor

Business Partner

Country

Belgium

Belgium

Netherlands

United Kingdom

News Snippet

KBC to act as sole sustainability coordinator to transform DEME’s long-term loan portfolio into sustainability-linked loans

Building further on the strong and longstanding partnership between DEME and KBC Bank NV , KBC Bank NV is proud to have been appointed as sole sustainability coordinator by DEME , one of the champions of the Belgian economy .

Immoscoop, KBC and 16 property brokers join forces to build a reference online real-estate platform

KBC is an important player in the Flemish and Belgian housing market and hence a natural partner for Immoscoop .

Electric vehicles persuade Mediahuis - Corporate Banking - KBC Banking & Insurance

To help with the practical development of the car policy and putting into practice for employees , Mediahuis surrounded itself with partners who know their way around the subject , including KBC .

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Sources

1

1

1

10

10

KBC Group Team

4 Team Members

KBC Group has 4 team members, including former Chief Technology Officer, Chief Commercial Officer, Tom De Witte.

Name

Work History

Title

Status

Tom De Witte

Chief Technology Officer, Chief Commercial Officer

Former

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Name

Tom De Witte

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Work History

Title

Chief Technology Officer, Chief Commercial Officer

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Status

Former

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