Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — FY2023 Earnings Presentation
32 slides from Alantra Partners Sa's earnings presentation, March 2024
Slide 1: 2023 FY results presentation
2023 FY results presentation March 2024
Slide 2: Index
Index 1. Group highlights 2. Highlights by division 3. Annex Private and Confidential 2
Slide 3: 1. Group highlights
1. Group highlights ALANTRA
Slide 4: Executive summary
Group highlights 1. Executive summary ▪ Net revenues reached €177.8mn during the year (-23.4% YoY) ▪ In Asset Management, revenues increased by 13.5% YoY, reaching €38.2mn. In a tough fundraising environment, attributed to the unfavorable macroeconomic conditions, private equity fundraising plunged
Slide 5: Strategic transformation of the group
Group highlights 2. Strategic transformation of the group During 2023, the company has executed its plan to reorganize and transform the business that will allow Alantra to escalate existing products and services to position itself on the cutting edge of the macro trends Group reorganization Renewed
Slide 6: Evolution of key figures
Group highlights 2. Evolution of key figures Net revenues (€Mn) Net Profit Attributable to parent (€Mn) -23.4% -87.4% Cash and cash equivalents & liquid assets (€Mn) Shareholders’ equity (€Mn) *Figures gross of variable retribution and dividend payments* -19.9% -5.8% 1 no financial leverage Private
Slide 7: Simplified consolidated P&L
Group highlights 3. Simplified consolidated P&L ▪ Net revenues reached €177.8mn during the year (-23.4% YoY) Total Total Group Group ▪ In Asset Management, revenues increased by 13.5% YoY, reaching (€ Mn) €38.2mn. In a tough fundraising environment, attributed to the 2022 2023 Δ YoY (%) unfavorable
Slide 8: Key financials by segment
Group highlights 4. Key financials by segment Net revenues for 2022 and 2023 by segment (€Mn) Attributable net profit for 2023 by segment (€Mn) Inner circle (2022) Outer circle (2023) 2023: €177.8mn 40.2 -87.4% 2022: €232.0mn Rest 7.2 0.2 1% Portfolio 4.4 21% 15% 0% FIG 25.9 IB 0.1 Investment Bankin
Slide 9: Balance sheet as of 31st December 2023
Group highlights 6. Balance sheet as of 31st December 2023 in € Mn 31-Dec-23 31-Dec-22 Δ% Non-current assets 315.2 326.2 (3.4%) Non-current financial assets 126.0 139.8 (9.9%) At a fair value with changes in proft 33.2 36.8 (9.9%) At a fair value with changes in other comprehensive income 80.1 91.1
Slide 10: Non-financial information
Group highlights 7. Non-financial information In its strategic transformation, Alantra has executed a process to identify and prioritize material aspects in relation to the key environmental, social and governance (ESG) factors crucial to the Group’s interests Green economy Diversity and inclusion C
Slide 11: 2. Highlights by division
2. Highlights by division 11 ALANTRA
Slide 12: 2.1 Investment Banking highlights
2.1 Investment Banking highlights 12
Slide 13: Key activity highlights (i)
IB 1. Key activity highlights (i) 2023 IB deals by type 2023 IB deals by sector Inner circle (2022) Outer circle (2023) Industrials 6% 2% 7% 5% M&A 7% 4% Technology 8% 11% 26% 22% 10% Real Estate 25% Debt Advisory 19% 17% Business Services Strategic Advisory 12% 68% 27% Consumer & Retail 67% 13% ECM
Slide 14: Key activity highlights (ii)
IB 1. Key activity highlights (ii) Activity highlights corporate finance Selected transactions advised in 2023 2023 2023 2023 2023 134 €9.7 Bn Deals advised in 2023 Transacted in M&A in 2023 (-17% YoY) (-43% YoY) Sell-side advisory Sell-side advisory Sell-side advisory Debt Refinancing Market recogn
Slide 15: 2.2 FIG highlights
2.2 FIG highlights 15 ALANTRA
Slide 16: Key activity highlights
FIG 1. Key activity highlights Largest electricity tariff deficit receivable Activity highlights: Selected credentials: securitization under the Volta program Deals advised 2023 (#) 2023 2023 Case Study: Project Volta 73 -27.4% Alantra has acted as Co-Arranger and Joint Lead Manager for EDP – Energi
Slide 17: 2.3 Asset Management highlights
2.3 Asset Management highlights 17
Slide 18: Key activity highlights
AM 1. Key activity highlights Important achievements across our key pillars Private Debt Alantra Solar ▪ Partnership with private investor Ion Ion to further develop the pan- ▪ Alantra Solar has acquired 597 MW with the purchase of 13 plants in European Private Debt platform Spain and Italy through
Slide 19: Fee earning assets of €16.1 Bn from Alantra and its strategic partnerships
2. Fee earning assets of €16.1 Bn from Alantra and its strategic AM partnerships Fee-earning assets from strategic 31st December 2023 Fee-earning AuM from consolidated businesses (€Mn) partnerships (€Mn)1 c.13,900 361 (+18.2%) 364 (-12.2%) 416 (+16.3%) 2,200 (+3.7%) 1,059 (+1.5%) Active Funds Privat
Slide 20: 2.4 New businesses
2.4 New businesses 20 ALANTRA
Slide 21: Activity highlights
New Businesses 1. Activity highlights New businesses have contributed to widen Alantra´s service offering and client base Corporate Venture Capital Deko Data Energy Transition Advisory 6 corporate clients, including #4 tier- 1 quoted entities (fashion retail, Insurance and manufacturing sectors), a
Slide 22: 2.5 Strategic Partnerships
2.5 Strategic Partnerships 22
Slide 23: Activity highlights
Strategic partnerships 1. Activity highlights Alternative Asset Management Access Capital Partners1: ▪ €680mn committed in 2023 through primary fund, secondary transactions and direct co-investments ▪ €821mn returned to investors in 2023, combining divestments of portfolio companies and cash yields
Slide 24: 3. Annex
3. Annex 24 ALANTRA
Slide 25: Consolidated income statement
Annex I. Consolidated income statement as of 31st December 2023 Thousands of Euros 12/31/2023 12/31/2022 dif. % Net Income Investment Banking 104,617 143,318 (27.0%) Financial Institutions Group 33,995 54,223 (37.3%) Asset management 38,207 33,657 13.5% Management fees 30,140 32,880 (8.3%) Success f
Slide 26: Consolidated balance sheet
Annex II. Consolidated balance sheet as of 31st December 2023 ASSETS LIABILITIES AND EQUITY Thousands of Euros 31/12/2023 31/12/2022 Thousands of Euros 31/12/2023 31/12/2022 EQUITY 361,620 386,108 EQUITY ATTRIBUTABLE TO THE PARENT ENTITY 282,372 299,869 SHAREHOLDERS EQUITY 271,347 287,219 NON-CURREN
Slide 27: Consolidated 2023 FY income statement by segment
Annex III. Consolidated 2023 FY income statement by segment Corporate finance advisory & Financials Institutions Group Asset Management Structure Portfolio Rest Consolidation adjustments capital markets Total Grupo Total Grupo 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2
Slide 28: Glossary (i)
Annex IV. Glossary (i) Identified business segments “Business Segments” refer to each operating segment or component identified and classified as such by Alantra that (a) engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to tr
Slide 29: Glossary (ii)
Annex IV. Glossary (ii) “Fee Business” is defined as the group or aggregate of the Investment Banking, Financial Institutions Group, Asset Management and Structure segments which, as a whole, are referred to as the service provision businesses, whether those services be financial advisory or managem
Slide 30: Glossary (iii)
Annex IV. Glossary (iii) “Recurring Net Profit”. The profit derived from the Group's recurring or ordinary activities, i.e., that generated by the Investment Banking, Financial Institutions Group, Asset Management and Portfolio segments. ▪ Recurring Net Profit is the sum of Fee Business Net Profit a
Slide 31: Disclaimer
Disclaimer Alantra Partners, S.A. publishes this presentation solely and exclusively for information purposes. This presentation does not constitute an offer to subscribe, buy or sell securities issued by Alantra Partners, S.A., or any other securities in any jurisdiction. Any information and foreca
Slide 32: Contact Investor Relations
Contact Investor Relations Yago Sánchez-Reig & Dionisio Romero Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com Private and Confidential 32