Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — FY2016 Earnings Presentation
20 slides from Alantra Partners Sa's earnings presentation, Feb 28, 2017
Slide 1: 2016 FY Results Presentation
2016 FY Results Presentation 28th February 2017
Slide 2: Foreword
Foreword 1. Pursuant to a shareholder resolution taken on 13 December 2016, the Company's registered name has been changed to that of Alantra Partners, S.A. Its former name was Nmás1 Dinamia, S.A. The name change was placed on record in the Companies Register on 4 January 2017. The Group had been op
Slide 3: Executive summary
I. Executive summary I. 2016 was a key year for Alantra in achieving its strategic targets (i) Earnings growth In 2016, the Group continued to invest significantly in growing its business internationally, which as despite higher a consequence has lead to increased expenses (+41.2% vs. 2015) costs
Slide 4: Executive summary: key year for strategic targets (ii)
I. Executive summary I. 2016 was a key year for Alantra in achieving its strategic targets (ii) Strong growth in the number of advised deals: #147 in 2016, up 27.8% from 2015 Investment 64% of the advised M&A deals were cross-border transactions Banking The Group has positioned itself as a lea
Slide 5: Earnings growth despite higher spending: Revenues
II. Earnings growth despite higher spending on the back of international expansion I. Revenues Revenues for FY 2016 (€ '000) Revenues by division for FY 2016 (€ '000) +26.9% 90,217 90,217 1,163 71,083 (1%) Management 71,083 fees: +24.1% Total AM 28,064 813 -5.5% (31%) Performance (1%) fees: -47.4% 2
Slide 6: Earnings growth despite higher spending: Net profit
II. Earnings growth despite higher spending on the back of international expansion II. Net profit1 2016 FY net profit breakdown (€ '000) 2016 FY net profit evolution (€ '000) 25,055 9,036 158 25,055 +42.2% 17,616 15,861 Fee business Portfolio Other financial results Net profit 2015 2016 The Group’s
Slide 7: 20% growth in shareholder remuneration
III. 20% growth in shareholder remuneration The Company's shareholders approved the payment of €0.25 per share against share premium distribution at the December 2016 Extraordinary General Meeting. The resulting €8.8 Mn amount was paid out in January 2017 The Board of Directors will propose to the A
Slide 8: The Group's capital structure remains robust
IV. The Group's capital structure remains robust I. Balance sheet as of 31st December 2016 € '000 104,946 254,850 254,850 47,985 2,610 64,457 16,269 187,050 3,343 38,082 48,291 149,904 101,612 €34,092 €3,346 €10,547 Cash Other current Total current Intangible Investments Non current Other non Total
Slide 9: Intense activity in the investment banking division
V. Intense activity in the investment banking division I. Strong growth in the number of advised deals: #147 in 2016, up 27.8% versus 2015 2017 2017 64% of the advised M&A transactions were cross-border Leading advisor in the distressed banking business in southern Europe, having advised on 20 trans
Slide 10: Activity in the asset management division: assets under management
VI. Activity in the asset management division I. Assets under management Assets under management (€ Mn) Real Estate Private Debt 44 140 Active Funds 586 Private Equity 1,378 Wealth Management 1,340 Total assets under management €3.49 Bn Total fee-earning assets under management: €2.75 Bn Private & c
Slide 11: €937 Mn raised in 2016 across asset classes
VI. Activity in the asset management division II. €937 Mn raised in 2016 across the various asset classes managed by the Group Alantra Private Equity Fund III: largest private equity fund raised in the Spanish mid-market since 2008 In 2016, Alantra raised its third private equity fund, with €450 Mn1
Slide 12: Share capital increases
VII. Share capital increases At the Extraordinary General Meeting held in December 2016, the shareholders approved two share capital increases 1 This transaction, which was closed in April 2016, was structured as a full integration with Share capital payments in cash and shares increase $15 Mn in ca
Slide 13: Appendix
Appendix Private & confidential 13
Slide 14: Consolidated 2016 income statement
Appendix I. Consolidated 2016 income statement € Thousand 31/12/2016 31/12/2015 Ajustado % Net Income Investment Banking 60,990 40,571 50.3% Asset Management 28,064 29,699 (5.5%) Management fees 21,608 17,414 24.1% Performance fees 6,456 12,285 (47.4%) Other 1,163 813 43.1% Total Net Income 90,217 7
Slide 15: Consolidated 2016 income statement by segment
Appendix II. Consolidated 2016 income statement by segment € Thousand Investment Banking Asset Management Structure Portfolio Rest Consolidation Adjustments Total Group Total Group 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 Net income 60,990 40,571 28,064 23,909 1,163 813
Slide 16: Consolidated balance sheet
Appendix III. Consolidated balance sheet ASSETS LIABILITIES AND EQUITY € Thousand 31/12/2016 30/09/2016 € Thousand 31/12/2016 30/09/2016 EQUITY 190,393 183,554 SHAREHOLDERS EQUITY 183,156 175,335 Capital 106,611 101,011 Share premium 92,062 88,847 Reserves (39,434) (30,220) Treasury shares (1,138) (
Slide 17: Glossary (i)
Appendix 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
Slide 18: Glossary (ii)
Appendix IV. Glossary (ii) “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 materia
Slide 19: Glossary (iii)
Appendix IV. Glossary (iii) “Portfolio Net Profit”. The profit deriving from the investment in and subsequent disposal of shareholdings in companies, funds or other investment vehicles managed by the Alantra Group. Portfolio Net Profit is equal to the profit attributable to owners of the parent corr
Slide 20: Enquiries
Enquiries Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com Private & confidential 20