Alantra Partners SA · BME:ALNT
Alantra Partners SA — 9M 2018 Earnings Presentation
30 slides from Alantra Partners SA's earnings presentation, Oct 25, 2018
Slide 1: First 9 months 2018 results presentation
First 9 months 2018 results presentation 25th October 2018
Slide 2: Index
Index 1. Executive Summary 2. Financials 3. Activity highlights in Investment Banking 1. New teams in San Francisco and China 2. Activity in the IB division 4. Activity highlights in Asset Management 5. Annex Private and Confidential 2
Slide 3: 1. Executive Summary
1. Executive Summary ALANTRA
Slide 4: Financial Statements for the first 9 months of 2018
1. Executive summary I. Financial Statements for the first 9 months of 2018 Net revenues reached €105.8 Mn in 2018YTD, an increase of 29.1% vs. 2017YTD ▪ The IB division grew by 37.9% to €72.6Mn, showing a positive trend after the slow start of the year ▪ The AM division continues its growth both in
Slide 5: Alantra makes further progress in the achievement of its strategic targets
II. Alantra makes further progress in the achievement of its 1. Executive summary strategic targets Investment Banking Highlights Q3 2018 Asset Management Highlights Q3 2018 Expanding and reinforcing our global footprint i. Alantra PE teams with Partners Group to launch Alantra expands its global te
Slide 6: 2. Financials
2. Financials ALANTRA
Slide 7: Net revenues reached €105.8 Mn in 2018YTD, up 29.1%
I. Net revenues reached €105.8 Mn in 2018YTD, an increase of 2. Financials 29.1% vs. 2017YTD Net revenues for the first 9 months of Net revenues by division for 9M 2018 Breakdown of AM revenues by type 2018 (€’000) (€’000) (€’000) 105,795 +29.1% 105,795 930 Performance 32,294 81,965 28,753 fees 81,9
Slide 8: Expenses continue to grow due to new teams and activities
II. Expenses continue to grow due to the incorporation of new 2. Financials teams and activities Total operating expenses 9M 2018 (€’000) Breakdown of personnel expenses in 9M 2018 (€’000) +33.6% +34.8% 82,356 59,181 61,656 23,175 43,903 Other opex 35,442 17,753 Fixed +30.5% 25,850 +37.1% 59,181 43,
Slide 9: Net profit in the first 9 months reaches €20.4 Mn
III. Net profit in the first 9 months of the year reaches €20.4 Mn 2. Financials (+4.9%) First 9 months of 2018 net profit breakdown (€’000) Evolution of the net profit attr. to the parent, from the fee business and from the portfolio (€’000) +4.9% 5,475 557 20,367 -11.9% 19,413 20,367 9M 2017 16,27
Slide 10: The Group maintains its strong balance sheet as of 30th September 2018
IV. The Group maintains its strong balance sheet as of 30th 2. Financials September 2018 €’000 288,478 288,478 66,616 49,949 2,516 150,139 12,446 85,228 215,165 6,697 138,339 39,440 98,899 €33,264 – Portfolio €9,961 – Monetary fund €5,835 – Other non current financial assets €889 – Other financial a
Slide 11: 3. Activity highlights in Investment Banking
3. Activity highlights in Investment Banking 11
Slide 12: Expanding and reinforcing our global footprint
3. Activity Expanding and reinforcing our global footprint highlights in IB 1. New teams in San Francisco and China Alantra expands its global technology practice with the Alantra strengthens its Chinese presence through the addition of a specialist team in San Francisco incorporation of three senio
Slide 13: Well balanced deal volume across advisory products and sectors
3. Activity Well balanced deal volume across advisory products and sectors highlights in IB 2. Activity in the Investment Banking division (i) 108 deals advised 2018 YTD1 (+2% vs. same period last year) Deals by product2 Deals by sector Analysis by fee size Strategic NR M&A Advisory 1% 5% 60% CPA RE
Slide 14: Specialization as the key for value creation and long-lasting relationships
3. Activity highlights in IB Specialization as the key for value creation and long-lasting relationships 2. Activity in the Investment Banking division (ii) Alantra advises IK Investment Partners on the sale of Transnorm Group to Alantra advises Sun European Partners on the sale of ELIX Polymers to
Slide 15: Q3 2018 Transaction Highlights
3. Activity Q3 2018 Transaction Highlights highlights in IB 2. Activity in the Investment Banking division (iii) 2018 2018 2018 2018 Alantra advises the Swiss Alantra advises Capiton AG, company Aebi Schmidt Group Advisor to Maxam Group on Intermediate Capital Group (ASH), a leading provider of the
Slide 16: Other relevant transactions 2018YTD
3. Activity Other relevant transactions 2018YTD highlights in IB 2. Activity in the Investment Banking division (iv) 2018 2018 2018 2018 N+1 Singer1 has acted as Alantra advises Banco Sabadell Sole Financial Adviser and on the sale of c.€6.5Bn of REO’s Advisor to Henkel in the Alantra advises Weener
Slide 17: 4. Activity highlights in Asset Management
4. Activity highlights in Asset Management 17
Slide 18: Assets under Management as of 30th September 2018
4. Activity highlights in Asset 1. Assets under Management as of 30th September 2018 Management Total Assets under Management (€Mn) Real Estate Private Debt 148 255 Wealth Management Active Funds 1 1,615 1,086 + €497Mn Total AUM’s (vs. Dec 2017) Private Equity 1,370 Total Assets under Management: €4
Slide 19: Private Equity: continuous value creation for investors
4. Activity Private Equity: continuous value creation for investors highlights in Asset Management 2. Continuous investment activity and stable growth in AUM’s (i) Alantra PE completed one acquisition and one Alantra PE teams with Partners Group to launch add-on in Q3 2018, having invested 46% of th
Slide 20: Active funds: steady growth
4. Activity Active funds: steady growth highlights in Asset Management 2. Continuous investment activity and stable growth in AUM’s (ii) As of 30th Sept. 2018, AUM’s in active funds reached €1,086 Mn, representing a +32.3% increase versus 31st Dec. 2017 (+€265Mn) EQMC: Evergreen fund. During the las
Slide 21: Private Debt and Real Estate: actively investing
4. Activity Private Debt and Real Estate: actively investing highlights in Asset Management 2. Continuous investment activity and stable growth in AUM’s (iii) Private Debt Real Estate The private debt team has executed 14 investments to date, out of which 4 have been fully repaid to the fund Alantra
Slide 22: Wealth management: continuous increase in AUM
4. Activity Wealth management: continuous increase in AUM’s highlights in Asset Management 2. Continuous investment activity and stable growth in AUM’s (iv) €311.3 Mn Inflows AUM’s increased by € 12.0 Mn in the €36.4Mn first 9 months of 2018 (vs. December YTD +€12.0Mn Net Inflows (€274.9 Mn) Outflow
Slide 23: 5. Annex
5. Annex 23 ALANTRA
Slide 24: Consolidated income statement for the first 9 months of 2018
I. Consolidated income statement for the first 9 months of 5. Annex 2018 € Thousand 30/09/2018 30/09/2017 % Net income Investment banking 72,571 52,629 37.9% Asset Management 32,294 28,753 12.3% Management Fees 24,697 22,957 7.6% Success Fees 7,597 5,796 31.1% Others 930 583 59.6% TOTAL Net income 1
Slide 25: Consolidated balance sheet as of 30th September 2018
5. Annex II. Consolidated balance sheet as of 30th September 2018 ASSETS LIABILITIES AND EQUITY € Thousand 30/09/2018 30/06/2018 % € Thousand 30/09/2018 30/06/2018 % EQUITY 221,862 206,250 7.6% SHAREHOLD ERS EQUITY 217,932 201,794 8.0% Capital 115,894 111,518 3.9% Share premium 111,717 94,138 18.7%
Slide 26: Glossary (i)
5. Annex V. 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
Slide 27: Glossary (ii)
5. Annex V. Glossary (i) “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 materiali
Slide 28: Glossary (iii)
5. Annex V. 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. ▪ R
Slide 29: Disclaimer
5. Annex VI. 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 informati
Slide 30: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com Private and Confidential 30