Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — H1 2024 Earnings Presentation
21 slides from Alantra Partners Sa's earnings presentation, July 2024
Slide 1: 2024 H1 results presentation
2024 H1 results presentation July 2024
Slide 2: Index
Index 1. Group highlights 2. H1 activity by division 3. Annex Private and Confidential 2
Slide 3: 1. Group highlights
1. Group highlights ALANTRA
Slide 4: H1 2024 Key figures
Group highlights 1. H1 2024 Key figures ▪ The Group’s H1 2024 net revenues were down 9.3% YoY, amounting to €76.0mn ▪ Financial Advisory1 revenues fell to €60.9mn (-10.5% YoY) while Asset Management revenues remained stable at €14.6mn (-1.0%) ▪ Operating expenses increased by 1.3% to €80.9mn, includ
Slide 5: H1 2024 Activity Overview
Group highlights 2. H1 2024 Activity Overview ▪ 62 deals closed (-26% YoY) In the first semester, Of these, 29 were M&A deals (-19% YoY) with an aggregate volume of €2.6bn (+13% YoY) Financial Advisory ▪ The recovery is yet to be experienced by the mid-market – the segment in which Alantra operates
Slide 6: Evolution of key figures
Group highlights 3. Evolution of key figures Net revenues (€mn) Net Profit Attributable to parent (€mn) -9.3% -26.1% Cash and cash equivalents & liquid assets (€mn) Shareholders’ equity (€mn) -3.0% 1 -1.3% no financial leverage Private and Confidential 1) €83.1mn of cash and cash equivalents and €27
Slide 7: Simplified consolidated P&L
Group highlights 4. Simplified consolidated P&L ▪ Net revenues in H1 ’24 reached €76.0mn (-9.3% YoY) Total Total Group Group ▪ Financial advisory revenues stood at €60.9mn (-10.5%) (€ Mn) H1 2023 H1 2024 Δ YoY (%) amidst a still tough market environment Financial Advisory 68.0 60.9 (10.5%) After two
Slide 8: Key financials by segment
Group highlights 5. Key financials by segment H1’24 and H1’23 net revenues by segment (€mn) H1’24 attributable net profit by segment (€mn) Inner circle (H1 ‘23) H1’24: €76.0mn (Variation vs. H1’23) Outer circle (H1 ‘24) H1’23: €83.8mn 1% 19% Financial 18% 1% Advisory1 (+175.8%) AM (-26.1%) (-68.5%)
Slide 9: Consolidated balance sheet as of 30th June 2024
Group highlights 6. Consolidated balance sheet as of 30th June 2024 in € Mn 30-Jun-24 31-Mar-24 Δ% Non-current assets 310.5 316.6 (1.9%) Non-current financial assets 131.8 128.8 2.4% At a fair value with changes in proft 35.0 33.4 4.7% At a fair value with changes in other comprehensive income 88.1
Slide 10: 2. H1 activity by division
2. H1 activity by division 10 ALANTRA
Slide 11: Financial Advisory: highlights
FA 1. Financial Advisory: highlights Activity Highlights Selected transactions advised in H1 2024 2024 2024 2024 Deals closed in #62 H1 2024 (-26% vs. H1 2023) Deals closed in M&A in Transacted in M&A in Buy-side advisory M&A – Sell-side Buy-side advisory #29 H1 2024 (-19% vs. H1 2023) €2.6 Bn H1 20
Slide 12: Asset Management: highlights
AM 2. Asset Management: highlights +€178mn €148mn €37mn Distributed to investors in H1 +5.0% c. 10.7% Net FAUM growth3,4 Invested in H1 20244 20244 EQMC Blended performance Net IRR since in H1 2024 inception1 Private Equity ▪ Completed the third divestment on PEF III fund with the sale of Frias to R
Slide 13: 3. Annex
3. Annex 13 ALANTRA
Slide 14: Consolidated income statement as of 30th June 2024
Annex I. Consolidated income statement as of 30th June 2024 Thousands of Euros 30/06/2024 30/06/2023 Var. % Net Income Financial Advisory 60,851 67,982 (10.5%) Investment Banking 44,782 52,639 (14.9%) Financial Institutions Group 16,069 15,343 4.7% Asset management 14,622 14,774 (1.0%) Management fe
Slide 15: Consolidated balance sheet as of 30th June 2024
Annex II. Consolidated balance sheet as of 30th June 2024 ASSETS LIABILITIES AND EQUITY Thousands of Euros 6/30/2024 3/31/2024 Thousands of Euros 6/30/2024 3/31/2024 EQUITY 355,043 360,164 EQUITY ATTRIBUTABLE TO THE PARENT ENTITY 279,771 283,471 SHAREHOLDERS EQUITY 266,784 272,046 NON-CURRENT ASSETS
Slide 16: Consolidated H1 2024 income statement by segment
Annex III. Consolidated H1 2024 income statement by segment Corporate finance Financial Institutions Consolidation advisory & capital Group Asset Management Structure Portfolio Rest adjustments Group total markets 6/30/2024 6/30/2023 6/30/2024 6/30/2023 6/30/2024 6/30/2023 6/30/2024 6/30/2023 6/30/2
Slide 17: Glossary (i)
Annex IV. 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 tr
Slide 18: Glossary (ii)
Annex IV. Glossary (ii) “Fee Business” is defined as the group or aggregate of the Investment Banking, Financial Institutions Group, Asset Management and Structure segments which, as a whole, are referred to as the service provision businesses, whether those services be financial advisory or managem
Slide 19: Glossary (iii)
Annex IV. Glossary (iii) “Recurring Net Profit”. The profit derived from the Group's recurring or ordinary activities, i.e., that generated by the Investment Banking, Financial Institutions Group, Asset Management and Portfolio segments. ▪ Recurring Net Profit is the sum of Fee Business Net Profit a
Slide 20: Disclaimer
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 foreca
Slide 21: Contact
Contact Yago Sánchez-Reig & Dionisio Romero Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com Private and Confidential 21