Implenia Ag · SIX:IMPN
Implenia — Merger or Acquisition (March 2023)
20 slides from Implenia's merger presentation, Mar 30, 2023
Slide 1: Implenia acquires Wincasa – unique, integrated service offering for all clients
IMPLENIA ACQUIRES WINCASA – UNIQUE, Analyst, investor INTEGRATED SERVICE and media presentation OFFERING FOR ALL Glattpark (Opfikon), CLIENTS 30 March 2023 © Implenia
Slide 2: Disclaimer
LEGAL NOTICE DISCLAIMER This presentation contains forward looking statements which reflect Management’s current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-lookin
Slide 3: Content of today
CONTENT OF TODAY IMPLENIA ACQUIRES WINCASA Transaction Financials Q&A André Wyss Stefan Baumgärtner André Wyss CEO CFO CEO Stefan Baumgärtner CFO © Implenia Analyst, investor and media presentation | 30 March 2023 3
Slide 4: Implenia acquires Wincasa – unique, integrated service offering for all clients
IMPLENIA ACQUIRES WINCASA – UNIQUE, INTEGRATED SERVICE OFFERING FOR ALL CLIENTS André Wyss © Implenia
Slide 5: Fit for growth transaction highlights
FIT FOR GROWTH Significant synergy Combining and growth potential TRANSACTION across the entire capabilities to create Implenia Group HIGHLIGHTS a unique service offering ACQUISITION OF LEADING SWISS Additional recurring REAL ESTATE >250,000 managed properties Purchase price of earnings and higher-
Slide 6: Wincasa – the leading Swiss real estate service provider
WINCASA – THE LEADING SWISS REAL ESTATE SERVICE PROVIDER Analyst, investor and media presentation © Implenia
Slide 7: Wincasa: comprehensive real estate services
WINCASA – AT A GLANCE WINCASA: COMPREHENSIVE REAL ESTATE SERVICES Leading Swiss real estate service provider >250,000 CHF ~81 bn ~1,350 managed properties assets under mgt. employees (FTE) ▪ Leading provider of comprehensive real estate services for sophisticated, institutional real estate investors
Slide 8: Established, strong range of comprehensive real estate services for Wincasa customers
WINCASA – AT A GLANCE ESTABLISHED, STRONG RANGE OF COMPREHENSIVE REAL ESTATE SERVICES FOR WINCASA CUSTOMERS Property Construction Sustainability Digital Offering Management Management Management Streamnow ▪ Management of shopping centres, ▪ All phases of new construction ▪ Strategic and execution ad
Slide 9: High quality, institutional real estate investors
WINCASA – AT A GLANCE HIGH QUALITY, INSTITUTIONAL REAL ESTATE INVESTORS Wincasa clients… ...are listed or regulated ...need expertise for complex ...want to have a one-stop-shop investors with large real estate projects along the property solution for administration and portfolios lifecycle manageme
Slide 10: Strategic expansion of the service offering of Implenia
STRATEGIC EXPANSION OF THE SERVICE OFFERING OF IMPLENIA Analyst, investor and media presentation © Implenia
Slide 11: Acquisition strengthens the integrated model of Implenia
STRATEGIC CONSIDERATIONS ACQUISITION STRENGTHENS THE INTEGRATED MODEL OF IMPLENIA – SYNERGY AND GROWTH POTENTIAL ALONG THE VALUE CHAIN Backward integration Forward integration Forward integration Consulting / planning / Portfolio-, asset- & property- engineering / design management / ▪ Comprehensive
Slide 12: Wincasa meets the strategic acquisition criteria
STRATEGIC CONSIDERATIONS WINCASA MEETS THE STRATEGIC ACQUISITION CRITERIA FOR SUITABLE INTEGRATION INTO INTEGRATED MODEL OF IMPLENIA Acquisition criteria Integrated model of Implenia Complementary footprint in Switzerland and Germany Profitable growth in higher-margin business models Flexible and as
Slide 13: Wincasa will be a strong part of the Implenia Group
STRATEGIC CONSIDERATIONS WINCASA WILL BE A STRONG PART OF THE IMPLENIA GROUP Planned integration of Wincasa ▪ Wincasa to become an independent business unit within the Buildings Division ▪ The strong and established Wincasa brand will remain in place ▪ Operational business of Wincasa will continue s
Slide 14: Value creation and financial considerations
VALUE CREATION AND FINANCIAL CONSIDERATIONS Stefan Baumgärtner © Implenia
Slide 15: Acquisition strengthens revenue and margin profile of Implenia
VALUE CREATION AND FINANCIAL CONSIDERATIONS ACQUISITION STRENGTHENS REVENUE AND MARGIN PROFILE OF IMPLENIA Enterprise Value EBIT margin today Expected EBIT development Earnings per Share (EPS) CHF 234 mn ~10% 2023: initial synergy effects1) sustained increase and low positive EBIT representing 8.6x
Slide 16: Implenia is targeting sustainable and profitable growth
VALUE CREATION AND FINANCIAL CONSIDERATIONS IMPLENIA IS TARGETING SUSTAINABLE AND PROFITABLE GROWTH Short- to mid-term EBIT margin target ~3.5% Mid- to long- term EBIT Selective margin EBIT margin in % Develop new target Grow existing businesses acquisitions PORTFOLIO >4.5% Improve business existing
Slide 17: Implenia is excellently positioned for sustainable success
IMPLENIA IS EXCELLENTLY POSITIONED FOR SUSTAINABLE SUCCESS © Implenia
Slide 18: Fit for growth transaction highlights
FIT FOR GROWTH Significant synergy Combining and growth potential TRANSACTION across the entire capabilities to create Implenia Group HIGHLIGHTS a unique service offering ACQUISITION OF LEADING SWISS Additional recurring REAL ESTATE >250,000 managed properties Purchase price of earnings and higher-
Slide 19: Thank you!
THANK YOU! Analyst, investor and media presentation © Implenia
Slide 20: Dates and contacts
DATES AND CONTACTS Dates 2023 Half-year results 16.08.2023 Contacts Investors Franziska Stein, Head Investor Relations ir@implenia.com +41 58 474 35 04 Media Silvan Merki, CCO communication@implenia.com +41 58 474 74 77 © Implenia Analyst, investor and media presentation | 30 March 2023 20