Alantra Partners SA · BME:ALNT
Alantra Partners SA — Q1 2019 Earnings Presentation
19 slides from Alantra Partners SA's earnings presentation, Apr 29, 2019
Slide 1: 2019 Q1 Results Presentation
2019 Q1 Results Presentation 29th April 2019
Slide 2: Alantra starts 2019 with revenue and net profit growth
I. Alantra starts 2019 with revenue and net profit growth and increasing activity in both business divisions Net revenues reach €36.7Mn (+38.3% vs Q1 2018) and net profit €5.2Mn (+28.1% vs. Q1 2018) ▪ Balanced revenue growth between investment banking (+39.2%) and asset management (+35.4%) ▪ €30.8Mn
Slide 3: Net revenues reach €36.7 Mn (+38.3% vs. Q1 2018)
II. Net revenues reach €36.7 Mn (+ 38.3% vs. Q1 2018) Net revenues for 2019 Q1 Net revenues by division for 2019 Q1 Breakdown of AM revenues by type (€’000) (€’000) (€’000) Performance fees n.a. Total AM +35.4% Management Total IB fees +39.2% +1.3% ▪ Net revenues from investment banking and asset ma
Slide 4: Operating expenses reach €30.8Mn
III. Operating expenses reach €30.8Mn Total operating expenses 2019 Q1 (€’000) Breakdown of personnel expenses in 2019 Q1 (€’000) Other opex Variable +27.4% +56.8% Personnel Fixed +45.7% +41.4% ▪ 80% of the increase in operating expenses is related to personnel expenses ▪ Increase in fixed personnel
Slide 5: Net Profit of €5.2Mn (+28.1% vs. Q1 2018)
IV. Net Profit of €5.2Mn (+28.1% vs. Q1 2018) 2019 Q1 net profit breakdown1 Evolution of the net profit attributable to the parent (€’000) (€’000) ▪ Net profit of €5.2Mn, fully generated from the fee business which has grown by 31.3% (vs. Q1 2018) 1) Net profit attributable to the parent 5
Slide 6: Strong Balance sheet as of 31st March 2019
V. Strong Balance sheet as of 31st March 2019 €’000 48,767 €30,344 – Portfolio €10,069 – Monetary fund €7,529 – Other non current financial assets €825 – Other financial assets ▪ €207.8Mn of shareholder’s equity attributable to the parent and no financial leverage ▪ €114.5 Mn of cash and cash equiva
Slide 7: Strong shareholder remuneration policy
VI. Strong shareholder remuneration policy ▪ On April 29th 2019, the General Shareholders Meeting approved an additional distribution of 0.41 euros per share, to be paid in May ▪ Shareholder remuneration on FY 2018 results will amount to 0.91 euros per share (+7.9% vs. 2017), implying a 100% payout
Slide 8: Investment banking activity
VII. Investment banking activity I. Alantra named as ‘European Corporate Finance House of the Year 2019′ 32 transactions advised Well balanced sector coverage 2019YTD1 ▪ 18 M&A transactions ▪ Technology (19%) ▪ Health & Pharma (9%) European Corporate ▪ 4 debt advisory deals ▪ Industrials (19%) ▪ Rea
Slide 9: Investment banking activity: expanding footprint and CPA team
VII. Investment banking activity II. Expanding geographical footprint, increasing sector specialization and strengthening our CPA team Strengthening the CPA team Adding 3 new offices and 1 key sector (6 senior professionals) Strengthening Alantra’s presence in the US by incorporating 3 senior profes
Slide 10: Asset management activity
VIII. Asset management activity I. Growth in assets under management, relevant activity and recruitment of senior professionals 1 Private Equity: one acquisition by Alantra PEF III Acquisition of a majority stake in Frías Nutrición, a Spanish leader in production and distribution of healthy food pro
Slide 11: Assets under Management as of 31st March 2019
VIII. Asset management activity II. Assets under Management as of 31st March 2019 Fee earning AUM’s of direct investments +€88Mn + €410Mn +€139Mn Fee earning AUM’s (vs. March 2018) +€126Mn +€58Mn Total fee-earning direct investments AUM’s: €2,091Mn Total direct investment AUM’s: €2,230Mn 11
Slide 12: Annex
Annex 12 ALANTRA
Slide 13: Consolidated income statement for 2019 Q1
Annex I. Consolidated income statement for 2019 Q1 3/31/2019 3/31/2018 % 26,029 18,698 39.2% 10,637 7,854 35.4% 7,958 7,854 1.3% 2,679 0 90 28 219.6% 36,756 26,580 38.3% - (22,540) (15,475) 45.7% (15,871) (11,221) 41.4% (6,669) (4,254) 56.8% (6,566) (6,176) 6.3% (1,650) (271) 508.8% - - (30,756) (21
Slide 14: Consolidated balance sheet as of 31st March 2019
Annex II. Consolidated balance sheet as of 31st March 2019 ASSETS LIABILITIES AND EQUITY 14
Slide 15: Glossary (i)
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 transac
Slide 16: Glossary (ii)
III. Glossary (ii) “Fee Business” is defined as the group or aggregate of the Investment Banking, Asset Management and Corporate segments which, as a whole, are referred to as the service provision businesses, whether those services be financial advisory or management, whose revenues materialise in
Slide 17: Glossary (iii)
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, Asset Management and Portfolio segments. ▪ Recurring Net Profit is the sum of Fee Business Net Profit and Portfolio Net Profit. ▪ Recurrin
Slide 18: Disclaimer
IV. 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 fo
Slide 19: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com 19