ICG plc · LSE:ICG
ICG — Investor Day (November 2021)
12 slides from ICG's investor day presentation, Nov 23, 2021
Slide 1: ICG Europe Mid-Market Investor Day
ICG Europe Mid-Market Investor Day 23 NOVEMBER 2021 PRIVATE AND CONFIDENTIAL
Slide 2: Year in review
Year in review 2020 2021 Deployment 14% • 5 new investments in the last twelve months 50% • 7 investments in total Invested Invested • The Fund is now 50% invested Portfolio add-ons 1 • 8 add-ons in the last twelve months 9 • Fulfilling a key part of our investment thesis Add-ons Firm & operations •
Slide 3: Mid-Market strategy is suited to the current market
Mid-Market strategy is suited to the current market Mid-market opportunity Relationships more important than Unique investment solution • Covid-19 pandemic has split industries ever • ICG experience in structured between “winners and losers” • Increased demand for more flexible transactions well sui
Slide 4: Strong deployment so far
Strong deployment so far €497m Amounts are inclusive of ICG co-invest PRIVATE AND CONFIDENTIAL 4
Slide 5: Deployment pace exceeding expectations
Deployment pace exceeding expectations Actual deployment versus linear deployment 100% 50% 95% 90% 85% Above linear 80% deployment Invested 75% 70% 65% 3.5x 60% Invested % 55% 50% High visibility on 45% several opportunities Weighted Average 40% Senior Leverage 35% Below linear 30% deployment 25% 20
Slide 6: The portfolio is diversified by geography and sector
The portfolio is diversified by geography and sector Geographic diversification Sector diversification Information Denmark Technology 10% 8% Healthcare Media 28% 14% Benelux 16% 4 6 Regions UK Professional Sectors 56% Services 16% Norway 18% Financials 18% Business Services 16% PRIVATE AND CONFIDENT
Slide 7: Portfolio add-ons fulfilling a key part of our investment thesis
Portfolio add-ons fulfilling a key part of our investment thesis • EurekaHedge • • FMG Hedge Fund Alert 5 • Pension Funds Online Add-ons • Savvy Investor • • Quattro Pensions PWC Investment consulting team 2 Add-ons 9 Add-ons • DiD (doubling the EBITDA of the business) 1 Add-ons • Chemical Watch 1 A
Slide 8: The team continues to grow
The team continues to grow UK Nordics Gareth Knight Peter Kirtley Robin Molvin Portfolio manager Managing Director Managing Director 21 years experience 21 years experience 23 years experience Liam McGivern William Shaw Viktor Fredriksson Associate Director Manager Manager 15 years experience 7 year
Slide 9: Strong Fund Performance
Strong Fund Performance 2020 2021 Gross IRR 12% 37% Gross MM 1.0x 1.2x Unrealised Value €144m €549m LTM Value Growth n/a 20% PRIVATE AND CONFIDENTIAL 9
Slide 10: Excellent portfolio company performance
Excellent portfolio company performance – o/s From Inception to 30 June 2021 At 30 June 2021 Unrealised Realised Unrealised Money LTM Sales LTM EBITDA Senior Value % Investment Invested Return Value Multiple Movement Movement Leverage 25% Pageant Media €65m €1m €85m 1.3x 18% 50% 3.7x 22% Broadst
Slide 11: Inherent downside protection
Inherent downside protection Cumulative Instrument Diversification Instrument risk profile Debt like 100% returns 90% Equity 80% 70% Cumulative Invested Cost 60% Structured Notes Capital structure 50% Diversification 40% 30% Subordinated Debt 20% 10% Senior Debt Increasing risk 0% Risk Adjusted Clas
Slide 12: Key highlights
Key highlights Strong early deployment 50% Invested Significant portfolio add-ons 9 Add-ons ICG EUROPE MID-MARKET Expanding team 10 Team members Excellent portfolio 1.2x performance Gross MM PRIVATE AND CONFIDENTIAL 12