Confinvest Oro S.p.a. · MIL:CFV
Confinvest Oro — Investor Day (October 2020)
23 slides from Confinvest Oro's investor day presentation, Oct 1, 2020
Slide 1: IR TOP AIM Investor Day – October 1st, 2020
IR TOP AIM INVESTOR DAY – October 1st, 2020
Slide 2: The Company
THE COMPANY • CONFINVEST F.L is an innovative SME and one of the main Italian physical gold dealers. Since 1983, the company has been a major national player in the gold bullion and coin broking market. • The opportunity offered by the Europe’s new regulation PSD2 and the Open Banking has allowed CO
Slide 3: Milestones
MILESTONES 2019 2017 • Confinvest is listed on the Italian stock exchange as 2000 the first European physical gold trader. • Confinvest's shareholding 1990 structure expands and • Adoption of international consolidates with major accounting standards (IAS • Confinvest F.L. becomes a Italian investor
Slide 4: Governance
GOVERNANCE • Ownership - Management separation: CFV is a public company with management committed on equity Shareholder Shares % • Middle & Back Office with consistent expertise and Luciano Avanzini 866.300 12,38% Franco Bugané 866.300 12,38% know-how Sovereign Srl (Giacomo Andreoli) 620.850 8,87% R
Slide 5: Services
SERVICES • Buying and selling gold bullion and coins • Gold service provider for banking systems • fdsgdgs • Vaulting service • Integrated logistic • Evaluation 5
Slide 6: Traditional Core Business Unit and Fintech Business Unit
TRADITIONAL CORE FINTECH BUSINESS UNIT BUSINESS UNIT • Fintech App/Platform • Partnership with Financial Companies (SIM, SGR, Family Office) • API code - white-label • Partnership with banks integration accross Italy • Home banking and • Direct and private purchase/sale Fintech Integration 6
Slide 7: Strategy
TECHNOLOGY STRATEGY MULTICHANNEL R&D AND CONTO 1 LINGOTTO® 2 PARTNERSHIP 3 TERRITORIAL EXPANSION Taking advantage of the Goal opportunities opened by Volume increase with Monitoring of target the PSD2 regulations and multi-channel presence areas to support the open banking developed through funding
Slide 8: Confinvest Equity Performance
CONFINVEST C F V: I M - IT0005379604 EQUITY PERFORMANCE 4.2 € p.s. 21th September, 2020 +180% vs IPO: 1.50 € p.s. 6.08 – 1.49 € p.s. Max – Min since IPO 262.605 € Average daily value traded ANALYST COVERAGE INTEGRAE SIM (31th March, 2020) Hold, Target Price 5,84 € p.s. IR TOP RESEARCH (8th April, 20
Slide 9: Why Conto Lingotto?
WHY CONTO LINGOTTO? CONTEXT + PSD2 + TECHNOLOGY 9
Slide 10: Context: Negative Interest Rates and Global Debt
N E G AT I V E I N T E R E S T CONTEXT R AT E S A N D G L O B A L DEBT 10
Slide 11: Context
NUOVE MISURE CONTEXT Fed: Qe illimitato contro le devastazioni economiche e IANO ‘ wari ‘ FINANZA finanziarie del coronavirus . + . . . eee ae . Acquisti senza tetto di titoli del Tesoro e bond garantiti da mutui. Unicredit applichera tassi negativi ai clienti Lanciate nuove facility per sostenere m
Slide 12: Context: Gold Price in USD and EUR
CONTEXT GOLD PRICE IN USD GOLD PRICE IN EUR All time high surfing the monetary expansion - experiment 12
Slide 13: Context: Monetary Policies and Gold Price
PREZZO ORO E CONTEXT P O L I T I C H E M O N E TA R I E A MONETARY EXPERIMENT AND 1,3 TRILLION OF REASONS FOR A SAFE HEAVEN 13
Slide 14: Positioning of Conto Lingotto
POSITIONING OF CONTO LINGOTTO easy ITALIAN FAMILY Modern Art Poste Savings Saving accounts risky safe Bonds Other Metals Shares Vintage Cars Property Lands Physical Gold 2nd house property abroad Savings Investments difficult 14
Slide 15: PSD2 Technology
‘Accesso Controparti ie Pagamenti XR Metadati i Sicurezza (<9) CONFINVEST ©. Tool Finanziari IsTITUTO DI CREDITO A @ Finanziamenti Altre transazioni E32 Messaggi sal Filiali e ATM Permessi 7s TECHNOLOGY Engine integration AML integration Web app |} Mobile Front Back office Vault APL User ops ‘APL ma
Slide 16: www.contolingotto.it
Sicuro come loro, facile come Conto Lingotto
Slide 17: Conto Lingotto: The smartest way to invest in physical gold
Conto Lingotto ® The smartest way to invest in physical gold The solution offers the opportunity to diversify liquidity through investments in physical gold in a friendly and smart way, thanks to an innovative and digital UX. Through the application or website the user can: • Monitor daily gold pric
Slide 18: White-Label Solution
W H I T E 11 -LABEL SOLUTION "Conto Lingotto" is a flexible solution developed for a full banking personalization and integration as white label services for the banking and investiment industry. Conto oro 21g | € 950,00 The ICT infrastructure developed by CONFINVEST F.L. using API Saldo in oro 21g
Slide 19: Our Performance
OUR PERFORMANCE
Slide 20: Financials in a Glance
FINANCIALS IN A GLANCE data /000 Euro 1° H 2019 1° H 2020 Δ% SALES 9.318 19.887 113,4% No Sales of Conto Lingotto – Product GO-LIVE in August 2020 EBITDA 319 1.022 220,4% EBIT 270 989 266,9% EBITDA Fist Half 2020 1.022 EBT 185 984 Adj stock option employees 123 EBITDA ADJ - Fist Half 2020 1.145 Net
Slide 21: P&L
P&L P&L 1st Half 1st Half (Data in k €) 2019 2020 Sales 9.318 19.887 Sales are related to the core business of gold dealer (bullion coins and bullion bar Direct Cost -9.873 -18.539 LBMA) Δ Inventory 1.204 532 No Sales of Conto Lingotto are recognized in 1° half 2020 – Product GO-LIVE in August 2020
Slide 22: Balance Sheet
BALANCE SHEET Asset 31/12/2019 30/06/2020 (Data in k €) Intangible fixed assets 2.112 2.266 Tangible fixed assets 49 40 The intangible are related to the development of the Conto Lingotto services and Third patries properties rights 155 135 for 1,3 M to the goodwill related the 2017 LBO Total fixed
Slide 23: Net Financial Position
NET FINANCIAL POSITION N et f i na nci a l pos i ti on 31/12/2019 30/06/2020 (Data in k €) Cash 7,0 4,0 Bank account 1.468,8 1.501,8 Total cas h and cas h e qui val e nt 1.475,8 1.505,8 Short term bank financial debt (< 12 months) - 131,5 - 8,4 Short term other financial debt (< 12 months) - 40,8 -