Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — FY2020 Earnings Presentation
30 slides from Alantra Partners Sa's earnings presentation, February 2021
Slide 1: 2020 FY results presentation
2020 FY results presentation February 2021
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: 1. Executive summary
Group highlights 1. Executive summary ▪ Proven resilience and delivery amidst a challenging market environment, reaching €177.9 Mn of net €177.9 Mn revenues (-17.0%) ▪ As anticipated in previous reports, Q2 and Q3 results were weaker than 2019 due to Covid-19 effects, Net revenues while Q4 results w
Slide 5: 2. Evolution of key figures
Group highlights 2. Evolution of key figures Net revenues (€Mn) Net Profit Attributable to parent (€Mn) 214.2 -17.0% 40.1 -27.7% 200.9 35.0 177.9 29.0 FY 2018 FY 2019 FY 2020 FY 2018 FY 2019 FY 2020 Cash and cash equivalents & liquid assets (€Mn) Shareholders’ equity +72.3% 163.8 1 +16.1% 246.4 202.
Slide 6: 3. Simplified consolidated P&L
Group highlights 3. Simplified consolidated P&L Total Total Group Group ▪ Net revenues reached €177.9 Mn (-17.0% YoY) (€ Mn) 2019 2020 Δ YoY (%) ▪ Solid performance of the investment banking division, with 121.6 119.3 (1.9%) €119.3 Mn of net revenues (-1.9% vs. 2019, its record year) Investment bank
Slide 7: 4. Key financials by segment
Group highlights 4. Key financials by segment 2020 and 2019 net revenues by segment (€Mn) 2020 attributable net profit by segment (€Mn) Inner circle (2019) ’20: €177.9 Mn (Variation vs. 2019) Outer circle (2020) 1% ’19: €214.2 Mn (2.1) 1.4 (1.7) 6.5 (-57.4%) (-22.3%) (-413.8%) 16% 29.3 29.0 1% IB 1.
Slide 8: 5. Balance sheet as of 31st December 2020
Group highlights 5. Balance sheet as of 31st December 2020 in € Mn 31-Dec-19 31-Dec-20 Δ% Non-current assets 176.7 249.9 41.4% Non-current financial assets 46.9 121.6 159.0% Investment portfolio 40.6 41.7 2.7% Liquid assets ¹ - 74.2 - Other non-current fin. assets 5.2 4.1 (20.4%) Other fin. assets 1
Slide 9: 6. Shareholder remuneration
Group highlights 6. Shareholder remuneration Following the full pay out of profits to shareholders during the last three years, the Board of Directors will propose to the Annual Shareholder’s Meeting (April 2021) the full pay out of the 2020 consolidated profits (€0.75 per share), to be paid in May
Slide 10: 2. Highlights by division
2. Highlights by division 10 ALANTRA
Slide 11: 2.1 Investment Banking highlights
2.1 Investment Banking highlights 11
Slide 12: 1. Solid performance and strong revenue diversification
IB 1. Solid performance and strong revenue diversification Key financials IB (€Mn) Total IB Total IB Total IB Δ 2018 2019 2020 '19-'20 (%) (€ Mn) ▪ IB net revenues reached €119.3 Mn (-1.9% vs. 2019, its Net Revenues 107.8 121.6 119.3 (1.9%) record year) Personnel expenses (60.8) (67.6) (70.2) 3.9% ▪
Slide 13: 2. Key activity highlights (i)
IB 2. Key activity highlights (i) 2020 IB deals by type 2020 IB deals by type of clients FY 2020 M&A cross-border deals Inner circle (2019) Outer circle (2020) 4% 13% M&A 5% 26% 12% 22% Debt Advisory 43% 17%20% 49% 51% 63% 57% Strategic 66% 78% Advisory 74% ECM Corporate¹ Private Equity² Domestic Cr
Slide 14: 2. Key activity highlights (ii)
IB 2. Key activity highlights (ii) Ranked 2nd & 5th in FY 2020 Selected transactions advised in FY 2020 rankings & CF adviser of the year 2020 European Buyouts Boutique1 2020 2020 2020 2020 Ranking Company name # of deals 1 Rothschild & Co. 27 2 Alantra 17 Buy-side advisory Buy-side advisory Debt fi
Slide 15: 2.2 Credit Portfolio Advisory highlights
2.2 Credit Portfolio Advisory highlights 15
Slide 16: 1. Decrease in revenues driven by the drop in volume of European NPL transactions
1. Decrease in revenues driven by the drop in volume of CPA European NPL transactions Key financials CPA (€Mn) Total Total Total Δ CPA CPA CPA '19-'20 (%) (€ Mn) 2018 2019 2020 ▪ Net revenues from CPA fell by 34.3% to €28.7 Mn, driven by the drop in volume of European NPL transactions (34.2% down Yo
Slide 17: 2. Key activity highlights
CPA 2. Key activity highlights More than €12Bn in 8 senior hires to Incorporation of a Opening offices in transacted value reinforce product dedicated securitisation Brazil and China specialization team Advisor in two of the most relevant securitization deals in Europe: 2020 2020 2020 2020 2020 Advi
Slide 18: 2.3 Asset Management highlights
2.3 Asset Management highlights 18
Slide 19: 1. Drop in revenues mostly driven by the decrease in performance fees
1. Drop in revenues mostly driven by the decrease in AM performance fees Key financials AM (€Mn) 2019-2020 revenue breakdown (€Mn) Total Total Total Δ AM AM AM '19-'20 (%) -41% (€ Mn) 2018 2019 2020 47.5 Net Revenues 64.9 47.5 28.0 (41.0%) 3.0 Personnel expenses (22.1) (15.8) (12.8) (19.5%) 18.8 -80
Slide 20: 2. Key activity highlights
AM 2. Key activity highlights Successful closing of strategic partnerships Launch of new products Successful closing of Grupo Mutua and Alantra Asset Launch of a transition energy asset management Management’s partnership, which entails: ▪ Grupo Mutua becoming Alantra AM’s strategic business in part
Slide 21: 3. Fee earning AuM of €2.6 Bn from the direct investment businesses
3. Fee earning AuM of €2.6 Bn from the direct investment AM businesses 31st December 2020 AuM from FoFs, co-investments & Fee-earning AuM direct investment business (€Mn) secondary businesses (€Mn) 11,700 Funds raised since 162 68 2,565 inception 505 711 312 399 Sponsorless¹ Unitranche² 1,119 Active
Slide 22: 3. Annex
3. Annex 22 ALANTRA
Slide 23: Annex: Consolidated income statement
Annex I. Consolidated income statement as of 31st December 2020 € Thousand 31/12/2019 31/12/2020 % Net income Investment banking 43,615 119,290 (1.9%) Credit Portfolio Advisory 121,619 28,662 (34.3%) Asset Management 47,520 28,034 (41.0%) Management Fees 25,775 24,195 (6.1%) Success Fees 18,770 3,83
Slide 24: Annex: Consolidated balance sheet
Annex II. Consolidated balance sheet as of 31st December 2020 ASSETS LIABILITIES AND EQUITY € Thousand 31/12/2019 31/12/2020 € Thousand 31/12/2019 31/12/2020 EQUITY 222,610 291,816 SHAREHOLDERS EQUITY 208,710 252,534 Capital 115,894 115,894 Share premium 111,863 111,863 Reserves (28,775) 6,893 Treas
Slide 25: Annex: Consolidated 2020 FY income statement by segment
Annex III. Consolidated 2020 FY income statement by segment Corporate finance Consolidation advisory & capital Credit portfolio advisory Asset Management Structure Portfolio Rest adjustments markets Total Grupo Total Grupo 31/12/2019 31/12/2020 31/12/2019 31/12/2020 31/12/2019 31/12/2020 31/12/2019
Slide 26: Glossary (i)
Annex III. 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 t
Slide 27: Glossary (ii)
Annex III. Glossary (ii) “Fee Business” is defined as the group or aggregate of the Investment Banking, Credit Portfolio Advisory, Asset Management and Structure segments which, as a whole, are referred to as the service provision businesses, whether those services be financial advisory or managemen
Slide 28: Glossary (iii)
Annex III. Glossary (iii) “Recurring Net Profit”. The profit derived from the Group's recurring or ordinary activities, i.e., that generated by the Investment Banking, Credit Portfolio Advisory, Asset Management and Portfolio segments. ▪ Recurring Net Profit is the sum of Fee Business Net Profit and
Slide 29: 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 30: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com Private and Confidential 30