MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — Investor Presentation (March 2024)
31 slides from MPC Munchmeyer Petersen Capital's investor presentation, March 2024
Slide 1: Committed to Create Value – Company Presentation
March 2024 COMMITTED TO CREATE VALUE Company Presentation
Slide 2: Content
CONTENT 1. Introduction 2. Business model and growth objectives 3. Business update 4. Financials 5. Outlook | Company Presentation Content | 2
Slide 3: Introduction
MPC CAPITAL Introduction Paradise Park, Jamaica Investment Vehicle: MPC Caribbean Clean Energy Fund | |
Slide 4: MPC Capital at a glance
INITIATOR, MANAGER AND CO-INVESTOR OF ALTERNATIVE ASSETS MPC Capital at a glance Investment management and co-investments € 4.1bn Assets under Management as of 31 Dec 2023 Broad range of hands-on management services € 20+ bn Focus on Alternative Assets invested across asset classes Real Estate Infra
Slide 5: Active on a global scale, backed by Hanseatic family roots
ACTIVE ON A GLOBAL SCALE, BACKED BY HANSEATIC FAMILY ROOTS Global footprint, 10 offices on the ground 175 real assets 210 employees € 1.1bn in selected markets around the world in 10 offices located close to our partners and projects transaction volume globally in 2023 | Company Presentation Introdu
Slide 6: 2023 Highlights
2023 HIGHLIGHTS Solid balance sheet and further increase in profitability in a volatile market environment € 30.5m from recurring Management activities Increase in management fees on a stable basis of Assets under Management of EUR 4.1 bn € 7.0m Transaction fees from substantial deal flow Solid tran
Slide 7: Business Model
Residential project in Bad Nauheim (Metropolitan area of Frankfurt) Investment Vehicle: ESG Core Wohnimmobilien Deutschland MPC CAPITAL Business Model | |
Slide 8: Equity Story of MPC Capital
WE LIVE WHAT WE CLAIM: MAKING THE DIFFERENCE AS AN INVESTMENT MANAGER Equity Story of MPC Capital COMPELLING MEGATRENDS IN ESTABLISHED GLOBAL PLAYER WITH A CREATING SUSTAINABLE VALUE FOR A ESSENTIAL INDUSTRIES B PROVEN BUSINESS MODEL C CLIENTS AND SHAREHOLDERS Real Estate Strong pipeline Renewables
Slide 9: Significant investments required to support global energy transition
A SIGNIFICANT INVESTMENTS REQUIRED TO SUPPORT GLOBAL ENERGY TRANSITION Breakdown of investment gap until 2030 in relevant asset classes, in USD bn REQUIRED SCALE-UP IN CAPITAL 2,056 Buildings USD 3,329 bn 1,105 1,018 816 842 1,345 Electricity USD 9,767 bn 736 127 100 4,436 Buildings Transport & 833
Slide 10: Our participation in the energy transition
A+B OUR PARTICIPATION IN THE ENERGY TRANSITION Recently initiated investment platforms Sustainable housing in Germany Clean energy for Latin America Green container vessels + Open-ended Special AIF + Initiation of investment platforms with focus markets + Container newbuildings featuring advanced de
Slide 11: Our business: sourcing, structuring and managing extraordinary projects
B OUR BUSINESS: SOURCING, STRUCTURING AND MANAGING EXTRAORDINARY PROJECTS Integrated management setup to provide compelling returns across the risk-spectrum SOURCING STRUCTURING CO-INVESTMENT MANAGEMENT Pipeline (as of Feb 2024) >AuM by investment vehicle Portfolio (book value) No. of employees Real
Slide 12: Diversified income streams along the investment process
C DIVERSIFIED INCOME STREAMS ALONG THE INVESTMENT PROCESS Value drivers of MPC Capital Recurring management fees Transaction and performance fees Returns from co-investments from excellent services from deal making and value creation + Asset management fees + Acquisition and exit fees + Dividends +
Slide 13: Business Update
MPC CAPITAL Business Update AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 14: Ramping-up investment solutions for institutional clients
RAMPING-UP INVESTMENT SOLUTIONS FOR INSTITUTIONAL CLIENTS Institutional Assets under Management and co-investment performance since 2015 INSTITUTIONAL AUM (IN EUR BN) 4.1 4.1 Former retail 10% CAGR 0.5 business in Institutional AuM since 2015 3.5 3.7 3.5 3.6 € 1.5bn 2.5 Average transaction volume pe
Slide 15: Focus on sustainable investment strategies – Real Estate
FOCUS ON SUSTAINABLE INVESTMENT Real Estate STRATEGIES Highlights 2023 MARKET COMMENT + Interest rate environment and rising construction costs weigh on real estate markets + Market disruptions may offer opportunities going forward FOCUS ON SUSTAINABLE RESIDENTIAL ASSETS + ESG Residential Fund with
Slide 16: Renewable energy projects in Latin America and Europe
RENEWABLE ENERGY PROJECTS IN Renewables LATIN AMERICA AND EUROPE Highlights 2023 MARKET COMMENT + Strong global demand for renewable energy projects to meet climate goals + Hurdle rates have stabilized (on an increased level) OPTIMIZING INVESTMENT PLATFORM IN LATIN AMERICA + Partial farmdowns / sale
Slide 17: Portfolio optimization and focus on decarbonization projects – Maritime
PORTFOLIO OPTIMIZATION AND FOCUS ON Maritime DECARBONIZATION PROJECTS Highlights 2023 MARKET COMMENT + Challenging economic and geopolitical conditions + Market segment for smaller container vessels (“Feeder”) still very favorable + Strong demand for investments in maritime decarbonization projects
Slide 18: Financials
MPC CAPITAL Financials Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund | |
Slide 19: Continuing profitable growth
CONTINUING PROFITABLE GROWTH P&L highlights 2023 REVENUE (IN EUR M) EBT (adj.*) (IN EUR M) COMMENTS + 4% growth in recurring management fees and total revenues EBT margin (adj.*) 40% 51% 37.9 + Solid transaction fees across sectors 36.5 7.0 31.2 + Adj. EBT adj. up by 31% Transaction 7.0 services + E
Slide 20: Solid balance sheet facilitates growth ambitions
SOLID BALANCE SHEET FACILITATES GROWTH AMBITIONS Balance sheet highlights 2023 EQUITY (IN EUR M / IN %) CO-INVESTMENT PORTFOLIO ALLOCATION (IN %) Book value of invested capital, as of 31 Dec 2023 150 129.5 Real 123.2 Renewables 10% Estate 96.3 100.8 100 Equity 34% 23% 13% Return on Equity (RoE) 50 0
Slide 21: Strong cash generation and prudent capital allocation
STRONG CASH GENERATION AND PRUDENT CAPITAL ALLOCATION Cash flow highlights 2023 and Guidance 2024 CASH FLOW (IN EUR M) COMMENTS + Significant (and visible) returns from MPC Capital’s co-investment portfolio 13.2 + Co-investments in Maritime Infrastructure and -27.8 Renewables projects 14.5 Returns f
Slide 22: Outlook
MPC CAPITAL Outlook AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 23: Consistent execution on financial targets
CONSISTENT EXECUTION ON FINANCIAL TARGETS Business drivers and growth objectives Targets achieved 2021 2022 2023 Increase AuM and transaction business EUR 0.5 – 1.0 bn of new AuM per annum Income from co-investment activities Blended IRR > 15% Improve platform profitability EBT margin > 30% Strong c
Slide 24: Appendix
Residential project in Bad Nauheim (Metropolitan area of Frankfurt) Investment Vehicle: ESG Core Wohnimmobilien Deutschland MPC CAPITAL Appendix | |
Slide 25: 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 26: MPC Capital co-investment portfolio
MPC CAPITAL CO-INVESTMENT PORTFOLIO Balance sheet: Financial assets as of 31 December 2023 (in EUR m) FINANCIAL DESCRIPTION ASSETS Real Estate 4.8 Bajes Kwartier Residential development project in Amsterdam 2.4 Angelo Gordon Dutch mixed portfolio deal 0.8 Others 1.6 Maritime Infrastructure 39.8 MPC
Slide 27: Financial performance 2018 – 2023
FINANCIAL PERFORMANCE 2018 – 2023 Income statement & balance sheet (in EUR m) INCOME FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 STATEMENT Revenue 42.7 46.8 50.5 42.3 36.5 37.9 Other operating income 12.5 9.7 9.9 16.4 26.5 8.0 Cost of materials / Cost of purchased services -3.5 -2.2 -4.5 -2.1 -2
Slide 28: Management and Supervisory Board
MANAGEMENT AND SUPERVISORY BOARD MANAGEMENT BOARD SUPERVISORY BOARD Ulf Holländer Dr. Axel Schroeder Chief Executive Officer Chairman of the Supervisory Board Board member since 2000 Supervisory board member since 2015 With MPC Capital since 2000 Founder of MPC Capital in 1994 Constantin Baack Joach
Slide 29: Publicly listed since 2000 with long-term commitment by founding shareholder
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC MÜNCHMEYER PETERSEN Capital market profile SHAREHOLDER STRUCTURE SHARE PRICE SINCE 2022 (IN EUR) MPC Capital 4,00 SDAX 3,50 35.2m MPC Münchmeyer 47% Freefloat 53% shares Petersen & Co. GmbH 3,00 2,50 2,00 Jan-22 Apr-22
Slide 30: IR contact, trading information & financial calendar
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR Investor relations Stefan Zenker FINANCIAL CALENDAR 2024 Head of Investor Relations + 23-26 September 2024 + 7 March 2024 Baader Investment Conference, MPC Münchmeyer Petersen Capital AG Publication of Palmaille 67 Munich 22767 Hamburg Annual Repo
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
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