Corestate Capital Holding Sa · XETR:CCAP

Corestate Capital Holding Sa — H1 2019 Earnings Presentation

14 slides from Corestate Capital Holding Sa's earnings presentation, Aug 13, 2019

  1. Slide 1: Conference Call – H1-2019 Results

    Conference Call – H1-2019 Results 13 August 2019

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that are subject to various risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainties and contingencies tha

  3. Slide 3: Highlights – Decent first half-year performance

    Highlights Decent first half-year performance  +4.4% organic growth on RE AuMs in 2019  Acquisition of French STAM with € 1.9bn additional AuM  Earnings in-line with budgets and FY targets over all segments and subsidiaries  Roll-out of comprehensive ESG strategy with first report and clear grid

  4. Slide 4: Acquisition of STAM – Access to the French Market and a New Client Base

    Acquisition of STAM – Access to the French Market and a New Client Base Profile STAM Asset Classes  Well-established French real estate asset manager STAM Logistics  € 1.9bn Assets under Management in France Europe Office 26%  FY2019(e) sales c € 12m; EBITDA c € 5.5m 62% € 1.9bn Residential 11% R

  5. Slide 5: 2019 Client Initiatives – Sustainability, Transparency and Digitization

    2019 Client Initiatives – Sustainability, Transparency and Digitization Long term Commitments Client Services and Digitalization E nvi-  -20% CO2 emissions by 2025  +30% energy efficiency by 2025  First ESG Report published in June Definition of clear and ambitious ESG targets ronment  -20% wate

  6. Slide 6: Assets under Management – Again Enhanced

    Assets under Management – Again Enhanced Assets under Management Sourcing Pipeline  Since end of 2018 +4.4% organic growth in RE AuMs  Deal pipeline remains strong and promising  STAM acquisition will add € 1.9bn AuMs  Planned decrease in non Real Estate AuMs of € -0,4bn € 27.9bn* in exclusivity

  7. Slide 7: Real Estate Debt – Highly Diversified with Focus on Favourable Locations

    Real Estate Debt – Highly Diversified with Focus on Favourable Locations Profile of HFS Mezzanine Funds end of H1-2019  Total committed fund volume: c € 1,25bn Retail 17%  Predominantly German residential Residential  # of financed projects: 57 73% Office  Ø size of mezzanine financing: c € 22m

  8. Slide 8: Aggregated Revenues – In-line with Budgets and Operational Objectives

    Aggregated Revenues – In-line with Budgets and Operational Objectives H1-2019 Revenue Stream (in m€ ) 15.5 Acquisition related fees  More to come in H2-2019 64 23.6 * Asset & property mgt.  Will increase further over next months 0 Promote/sales fee  Typically in Q4  Benefitting from excellent pr

  9. Slide 9: Solid Financials – With Typical Seasonal Footprints

    Solid Financials – With Typical Seasonal Footprints Key P&L Figures H1-2019 (in m€) Aggr. Revenues 121.0 100%  Temporary higher OpEx ratio (c 45.5%) mainly due to rose fix cost base and accrued expenses for upcoming Expenses from RE Investment Mgt. -40.3 33.3% transactions volumes in H2-2019 Alignm

  10. Slide 10: Key Balance Sheet Figures – Powered by Customer Needs

    Key Balance Sheet Figures – Powered by Customer Needs Debt Overview End of June 2019 (in m€) 668 Bank & other Debt 45 623 (incl. € 127m 184  Seasonal utilization of balance sheet for warehousing Roughly € 240m debt) warehousing and client exposure from short term client exposure (via structured ass

  11. Slide 11: Outlook 2019 – Promising Prospects on H2

    Outlook 2019 – Promising Prospects on H2 More to come in 2019 on operations  Structures sales process for several assets  Product innovations − HL: Restart of open-end real estate fund business − HFS: Expansion of private debt offer in different risk-return classes  Increasing residential exposur

  12. Slide 12: Appendix – H1-2019 Profit & Loss Statement

    Appendix – H1-2019 Profit & Loss Statement (€ m) H1 2019 H1 2018 Revenue from Acquisition Related Fees 15.5 26.2 Revenue from Asset and Property Management 64 67.9 Revenue from Promote Fees realised 0 0.2 Total Revenue from Real Estate Investment Management 79.6 94.3 Total Expenses from Real Estate

  13. Slide 13: Appendix – Balance Sheet as of 30 June 2019

    Appendix – Balance Sheet as of 30 June 2019 (€ m) 30.06.2019 31.12.2018 Non-Current Assets Goodwill 567.1 567.1 Other intangible Assets 121.3 132.4 Investment in Associates and Joint Ventures 99.7 88.0 Other Financial Instruments 105.6 93.7 Other Non-Current Assets 112.4 103.7 Total Non-Current Asse

  14. Slide 14: IR-Contact and Financial Calendar 2019

    IR-Contact and Financial Calendar 2019 Investor Contact Financial Calendar 2019 Dr. Kai G. Klinger 14 Feb 2019 Preliminary result of FY 2018 Chief Markets Officer 21 Mar 2019 Publication annual financial report 2018 Phone: +49 69 3535630-106 26 Apr 2019 Annual General Meeting ir@corestate-capital.co

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