Il&fs Investment Managers Ltd. · NSE:IVC
Il&fs Investment Managers — Investor Presentation (August 2017)
20 slides from Il&fs Investment Managers's investor presentation, August 2017
Slide 1: Corporate Profile
ASIISFS | Private Equity IL&FS Investment Managers Limited Corporate Profile
Slide 2: Cautionary Statement
Cautionary Statement Forward Looking Statements Certain statements included in this presentation may constitute "forward-looking statements" in respect of the Company’s/ Fund’s operations, performance, prospects and/or financial condition. By their nature, forward looking statements involve a number
Slide 3: A. Overview
A. Overview IL&FS Group IIML Overview Business Model Asset Management Experience Investor Reach Leadership Team 3
Slide 4: IL&FS Group
IL&FS Group – Formed in 1988 – Initial participants were Indian Banks and Institutions Earliest Infrastructure Developers – International Institutional Investors inducted over the years • ORIX Corporation (Japan), Abu Dhabi Investment Authority • Earlier stakeholders include IFC, Govt. of Singapore,
Slide 5: IIML - Overview
IIML - Overview One of the oldest PE Managers in India – Raised and managed 13 funds since 1996; also acquired two real estate Funds – AUM of $ 3.5 billion; Additional US$ 1.6bn under managed accounts – Listed on the National Stock Exchange and Bombay Stock Exchange – To broaden asset base IIML ha
Slide 6: Business Model
Business Model Revenue Stream Management Fee Typically 1-1.5% of income earning AUM for the fund life Highly visible, annuity revenue stream over 6-10 years Carry Performance upside through profit share Hurdle rate ranges between 7-11% p.a.; Carry is 20% of profits from investments Inc
Slide 7: Unique Positing in the Industry
Unique Positing in the Industry IIML is a pioneer and one of the leading private equity players in India Industry Pioneer Rich Parentage & Strong Brand Experienced Management and Preferred Partner Status Investment Team Clear Growth Plan with Diversified Portfolio steady increase in AUM IIML of Asse
Slide 8: Asset Management Experience
Asset Management Experience Private Equity : 60 165 Investments Infrastructure : 31 Real Estate : 74 Listed / IPO : 20% Private Equity : 38% 134 Fully Exited : 97 Buyback : 49% Infrastructure : 20% Liquidity Events Partial Exited : 27 Strategic Sale : 16% Real Estate : 33% Listed :9 Trade Sale : 15%
Slide 9: Innovator & First Mover
Innovator & First Mover Set up India’s first infrastructure focused fund in 1996 First to structure participation of foreign institutions in the PE framework Leading role in bringing private equity to the emerging sectors Telecom 1998 Energy 2000 Transporation 2000 Retail 2000 Water 2001 VIWSC
Slide 10: Global Investor Reach; Marquee Partners
Global Investor Reach; Marquee Partners Americas 38% Europe, ME 33% Asia 29% Long term, institutional capital from SWFs, Pension Funds, Insurance Companies & Institutional Investors 10
Slide 11: Leadership Team
Leadership Team Together Since Inception of IL&FS Private Equity Practice (1995) Mr. Ramesh C Bawa Mr Krishna Kumar Mr. Manoj Borkar Managing Director Chief Executive Officer Chief Financial Officer Investment Team India Singapore Dubai Legal, Risk, Compliance, Mauritius ESG, Asset Management & Acco
Slide 12: B. Funds Under Management
B. Funds Under Management Fund Raise Milestones Fund Verticals Private Equity Infrastructure Real Estate Notable Exits 12
Slide 13: Fund Raise Milestones
Fund Raise Milestones Managed Funds Raised Pooled Municipal IL&FS India Accounts Debt Facility Realty Fund II SCI Asia Fund Real Estate Infrastructure Real Estate Infrastructure Infrastructure Pan Asia Project IL&FS India Debt Fund Development Fund Milestone Fund I Infrastructure Yatra Capital Lever
Slide 14: Private Equity
Private Equity IIML’s Experience Corpus Vintage (US$ mn) US$ 450 mn invested across 82 Growth PE Funds investments AIG Indian Sectoral Equity Fund 1 1996 91 Leverage India Fund 2004 153 Early investors in Retail, Shipyard, Tara India Fund III 2007 225 Media Tara India Fund IV 2015 60 VC / Sector
Slide 15: Infrastructure
Infrastructure IIML’s Experience Vintage Corpus (US$ mn) ~US$ 550 mn invested in 31 Infrastructure Funds transactions 1 AIG Indian Sectoral Equity Fund 2 1996 91 SCI Asia Infra Growth Fund 2008 658 Early investors in Telecom, Roads, City Gas, Rail Project Development Funds India Project Developm
Slide 16: Real Estate
Real Estate IIML’s Experience Vintage Corpus (US$ mn) Pioneer in India - First RE fund Opportunistic RE Funds launched in 2005 IL&FS India Realty Fund 2006 5251 Early investors in Urban rejuvenation IL&FS India Realty Fund II 2007 895 projects and Industrial Parks Yield Based Funds Opened up y
Slide 17: Notable Exits
Notable Exits Company IRR, Divestment Exit Type Cash Multiple Amount 1 (₹ mn) ABG Shipyard 67%, 4.0x 1,262 Listed / IPO Continental Warehousing 28%, 2.9x 981 Trade Sale to Warburg DQ Entertainment 34%, 3.4x 144 Listed / IPO Futuresoft 88%, 2.9x 270 Strategic Sale to Flextronics Godrej Beverages 54%,
Slide 18: Financial Performance
ASIISFS | Private Equity Financial Performance 18
Slide 19: Financial Performance
Financial Performance ₹ mn Particulars FY 2012 FY 2013 FY 2014 FY 2015 FY2016 FY2017 Total Income 2,247 2,269 2,229 2,087 1,908 1,151 Total Costs 1,294 1,258 1,222 1,122 1,160 1,013 PBT 953 1011 1007 965 748 139 PAT 735 766 725 730 561 68 PAT Margin (%) 33 34 33 35 29 5 EPS (₹)* 2.4 2.5 2.3 2.3 1.8
Slide 20: Thank You
ASIISFS | Private Equity Thank You 20
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