MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (January 2025)
31 slides from MPC Munchmeyer Petersen Capital's investor presentation, January 2025
Slide 1: Company Presentation
January 2025 COMPANY PRESENTATION MPC Capital AG
Slide 2: Agenda
AGENDA 1. Introduction to MPC Capital 2. Business Model 3. Financials 4. Outlook
Slide 3: Introduction
Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund MPC CAPITAL Introduction | |
Slide 4: MPC Capital at a glance
INVESTMENT MANAGER AND OPERATOR OF MARITIME AND ENERGY INFRASTRUCTURE MPC Capital at a glance € 4.8bn Assets under Management (H1 2024) € 20+ bn invested across asset classes 30 years of track record in real asset investments Listed at Frankfurt stock exchange since 2000 | Company Presentation Intro
Slide 5: Deeply integrated business model
DEEPLY INTEGRATED BUSINESS MODEL INVESTMENT ACTIVITY MANAGEMENT ACTIVITY Initiating of investment solutions Management of investment platforms » Sourcing, development and execution of investment opportunities » Investment management and administration » Deal structures tailored to investor needs and
Slide 6: Active on a global scale with offices on the ground
ACTIVE ON A GLOBAL SCALE WITH 10 OFFICES ON THE GROUND >200 real assets 280 employees € 1.1 bn in selected markets around the world in 10 offices located close to our partners and projects transaction volume* globally in H1 2024 *Transaction volume defined as the sum of project acquisitions and disp
Slide 7: Business Model
Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund MPC CAPITAL Business Model | |
Slide 8: Scalable business model, positioned in structural growth markets
SCALABLE BUSINESS MODEL, POSITIONED IN STRUCTURAL GROWTH MARKETS COMPELLING MEGATRENDS IN FULLY INTEGRATED BUSINESS MODEL CREATING SUSTAINABLE VALUE FOR A ESSENTIAL INDUSTRIES B WITH STRONG ACCESS TO DEALS C CLIENTS AND SHAREHOLDERS » Infrastructure super-cycle, driven by capital allocation » Strong
Slide 9: Alternatives are a structural growth market, energy transition accelerator
Compelling Megatrends A ALTERNATIVES ARE A STRUCTURAL GROWTH MARKET, INVESTMENTS IN ENERGY TRANSITION AS AN ACCELERATOR GLOBAL ASSET ALLOCATIONS IN FAVOR OF ALTERNATIVES … ACCELERATED BY THE NEED TO REACH “NET ZERO” BY 2050 Annual investment in global infrastructure Global Assets under Management re
Slide 10: Selected infrastructure themes and focus areas
Compelling Megatrends A SELECTED INFRASTRUCTURE THEMES AND FOCUS AREAS Established Themes Megatrends New Growth Themes Maritime Maritime Wind Offshore Container Tankers Multipurpose Retrofitting New fuels vessels Decarbonization Energy Electrification Energy Solar PV Onshore wind PPA Structuring Bat
Slide 11: Ramp-up of investment solutions, fueled by energy transition
Compelling Megatrends A RAMP-UP OF INVESTMENT SOLUTIONS, FUELED BY ENERGY TRANSITION MPC CAPITAL – AUM (IN EUR BN) 4.8 10% CAGR CAGR 10 % in AuM since 2015 4.1 € 1.5bn 3.6 Average transaction volume per annum since 2015* Since 2020 AUM DRIVERS Transition Assets CAGR > 40 % » Underlying market trends
Slide 12: Full service across the value chain, with strong execution capabilities
Business Modell B FULL SERVICE ACROSS THE VALUE CHAIN, WITH STRONG EXECUTION CAPABILITIES INVESTMENT ACTIVITY MANAGEMENT ACTIVITY Sourcing Structuring Co-Investing Management Current Pipeline AuM by type Portfolio (book value in EUR m)* No. of employees MPC Capital Group Identified total pipeline: E
Slide 13: Total income based on diversified streams
Income Streams C TOTAL INCOME BASED ON DIVERSIFIED STREAMS Recurring Management Fees Transaction Fees Co-Investment Income from integrated services from deal-making and value creation from balance sheet investments » Asset and fund management fees » Acquisition and exit fees » Dividends » Operationa
Slide 14: Financials
MPC CAPITAL Financials | |
Slide 15: Strong financial performance summarized
STRONG FINANCIAL PERFORMANCE SUMMARIZED Total Income EBT Dividend Equity Ratio (in EUR million) (in EUR million) (in EUR per share) 86% 56.7 19.3 0.27 81% 52.5 76% 47.5 18.8 14.8 0.20 5.2 16.0 13.8 7.0 7.0 10.4 0.12 28.5 29.5 30.9 2021 2022 2023 2024e 2021 2022* 2023 2024e 2021 2022* 2023 2024e 2021
Slide 16: Co-investments have successfully reached scale
CO-INVESTMENTS HAVE SUCCESSFULLY REACHED SCALE OFFERING AMPLE GROWTH POTENTIAL CO-INVESTMENT PORTFOLIO (9M 2024, IN EUR M) CO-INVESTMENT TRACK RECORD** 13 Investments 31 Exits ~28% +88% No. of exited investments IRR on exits (weighted) ~166 Accounting at Nominal Investment (German GAAP) PORTFOLIO CO
Slide 17: Disciplined capital allocation enables consistent dividend policy
DISCIPLINED CAPITAL ALLOCATION ENABLES CONSISTENT EXECUTION OF DIVIDEND POLICY DIVIDEND HISTORY (IN EUR M) DIVIDEND DETAILS DPS (EUR / share) Dividend Yield 50% 60% Target Dividend Payout Ratio Average Payout Ratio Since 2021* 4.6 % 6.2 % 8.4 % 0.27 +35% 6.4% Dividend increase 2023 vs. 2022* Average
Slide 18: 9M figures well on track, FY 2024 guidance confirmed
9M FIGURES WELL ON TRACK FY 2024 GUIDANCE CONFIRMED REVENUE (IN EUR M) EBT (IN EUR M) Transaction Fees Management Fees ~40 23-25 37.9 36.5 19.3 7.0 7.0 14.8 30.9 29.5 2022 2023 2024e 2022* 2023 2024e *Adjusted for one-off profit from the sale of Dutch real estate business. | Company Presentation Fin
Slide 19: Publicly listed since 2000, with strong anchor shareholder
PUBLICLY LISTED SINCE 2000, WITH STRONG ANCHOR SHAREHOLDER SHAREHOLDER STRUCTURE SHARE PRICE (IN EUR) 26% 7,00 MPC Capital Thalvora Holdings GmbH 6,50 35.2m shares Freefloat 6,00 SDAX 74% 5,50 5,00 4,50 LISTING INFORMATION (ISIN DE000A1TNWJ4) 4,00 Segment / Index SCALE (FSE) / SCALE 30 3,50 3 month’
Slide 20: Outlook
MPC CAPITAL Outlook AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 21: Decarbonization provides tailwinds to accelerate profitable growth
DECARBONIZATION PROVIDES SIGNIFICANT TAILWINDS TO CONTINUE AND ACCELERATE PROFITABLE GROWTH PATH Track record Outlook » AuM growth*: 10% p.a. » AuM growth to accelerate due to sharpened focus Growth » Energy transition-related growth at 40% p.a. » Co-investment portfolio to grow in-line with AuM » E
Slide 22: Key take-aways
KEY TAKE-AWAYS » Structural growth markets Migration towards alternative assets fueled by investment requirements in renewable energies and maritime infrastructure (energy transition) » Track record to capture market growth Proven track record in executing transaction opportunities resulting in AuM
Slide 23: Appendix
MPC CAPITAL Appendix Santa Rosa & Villa Sol solar photovoltaic (PV), El Salvador Investment Vehicle: MPC Energy Solutions | |
Slide 24: Selected investment case studies: transitional assets
SELECTED INVESTMENT CASE STUDIES TRANSITIONAL ASSETS GREEN CONTAINER VESSELS CLEAN ENERGY FOR LATIN AMERICA ECO CONTAINER SHIP NEWBUILDINGS » Container newbuildings featuring advanced design for » Publicly listed platform and investment fund with » 6x 5,500 TEU container newbuilding series lowest fu
Slide 25: Selected investment case studies: renewables
SELECTED INVESTMENT CASE STUDIES: RENEWABLES WIND FARM PORTFOLIO (PORTUGAL) SOLAR PV FARM PORTFOLIO (SPAIN) WIND FARM HERINGEN-PHILIPPSTHAL (GERMANY) » Club deal to develop, build and market a series of » MPC Solarpark fund was MPC’s first renewable » Direct investment in a 11.4 MW onshore wind farm
Slide 26: Selected investment case studies: maritime
SELECTED INVESTMENT CASE STUDIES: MARITIME ESTABLISHMENT OF MPC CONTAINER SHIPS ACQUISITION OF ZEABORN SHIP MANAGEMENT OPPORTUNISTIC CLUB DEALS » Initiation of a leading provider of container tonnage, » Acquisition of a third-party ship manager based in » Club deal to acquire two second-hand contain
Slide 27: We are invested in the future
WE ARE INVESTED IN THE FUTURE Our commitment to ESG ESG FIELDS OF ACTION WE ARE PART OF THE GLOBAL ESG CLUSTER Environment We are committed to advance the energy transition and to contribute a positive environmental impact with our environmental investments and corporate processes. Social ESG IS AN
Slide 28: Financial performance 2021 – 2024
FINANCIAL PERFORMANCE 2021 – 2024 Income statement & balance sheet (in EUR m) INCOME FY 2021 FY 2022 FY 2023 H1 2023 H1 2024 STATEMENT Revenue 42.3 36.5 37.9 17.2 21.2 Other operating income 16.4 26.5 8.0 2.5 16.5 Cost of materials / Cost of purchased services -2.1 -2.7 -1.7 -1.0 -2.4 Personnel expe
Slide 29: Management and Supervisory Board
MANAGEMENT AND SUPERVISORY BOARD MANAGEMENT BOARD SUPERVISORY BOARD Constantin Baack Ulf Holländer Chief Executive Officer (CEO) Chairman of the Supervisory Board Board member since 2015 Supervisory board member since June 2024; Chairman since December 2024 With MPC Capital since 2008 Member of the
Slide 30: Investor relations contact & financial calendar
INVESTOR RELATIONS CONTACT & FINANCIAL CALENDAR Stefan Zenker FINANCIAL CALENDAR 2025 (preliminary) Head of Investor Relations MPC Münchmeyer Petersen Capital AG + 27 February 2025 Palmaille 67 Publication of Annual Report 2024 22767 Hamburg + 30 April 2025 D +49 40 380 22 - 43 47 Annual General Mee
Slide 31: Disclaimer
DISCLAIMER This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous care and to the best of our knowledge. The Presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy any interest, shares or