Corestate Capital Holding Sa · XETR:CCAP

Corestate Capital Holding Sa — Q1 2020 Earnings Presentation

12 slides from Corestate Capital Holding Sa's earnings presentation, May 12, 2020

  1. Slide 1: Q1-2020 Results

    Q1-2020 Results Presentation – Conference Call for Analysts & Investors, 12 May 2020 Lars Schnidrig, CEO | Nils Huebener, CIO | Dr. Kai Klinger, CMO

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that are Glossary subject to various risks and uncertainties. Such statements are based € = Euro on a number of assumptions, estimates, projections or $ = (US)Dollar plans that are inherently subject to significant risks, as well as %

  3. Slide 3: Highlights of Q1-2020

    Highlights of Q1-2020 COVID-19 Key Consequences & Ambitions Responsibility  Safety and healthiness for staff and clients as well as maintenance of operations and quality Resilience  Change of near-term focus from active growth to consistent corporate de-risking  Preserve liquidity, safeguard fina

  4. Slide 4: Update – Real Estate Investment Markets under COVID-19

    Update – Real Estate Investment Markets under COVID-19 Nils Huebener New CIO since 1 April 2020 Distinct Market Slow Down since March Sneak Preview on Upcoming Months  Near-term uncertainty and potential macro impact  Since May, prudent steps to re-start public life  Credit crunch & variance in v

  5. Slide 5: AGM & Corporate Governance

    AGM & Corporate Governance Virtual AGM  On 5 June 2020 as an entirely virtual meeting  Main topic: election of a new Supervisory Board  Distribution of FY 2019 waived due to focus on preservation of liquidity Supervisory Board Candidates: Focus on Competences, Independence and Diversity* Dr. Geor

  6. Slide 6: Assets under Management on Record High

    Assets under Management on Record High Assets under Management Sourcing pipeline  +2.2% net organic growth in RE AuM in Q1-2020  Deal pipeline down due to market  STAM added initially net c € 1.4bn in AuM slow down  Planned decrease in non-Real Estate AuM of € -0.3bn  Cautious deal appetite fro

  7. Slide 7: Real Estate Debt – Highly Diversified with Clear Focus on Residential Projects in Top7 German Cities

    Real Estate Debt – Highly Diversified with Clear Focus on Residential Projects in Top7 German Cities Uses of Mezzanine Funds at the End of Q1-2020 Residential Retail  Total committed fund volume: > € 1.3bn 70% 16%  # of financed projects: 62 62  Ø size of mezzanine financing: c € 22m projects Off

  8. Slide 8: Revenue Streams in Q1 Partly Hit by Covid-19 Pandemic

    Revenue Streams in Q1 Partly Hit by Covid-19 Pandemic Q1-2020 Revenue Split-Up in m€ (Q1-2019) 7.7 (4.2) Acquisition rel. fees  Market slow down after decent first weeks 25.2 (20.2) Asset & property mgt.  Solid start into 2020 10.9 (13.3) Coupon Particip. Fee  Slight impact (mainly accounting dri

  9. Slide 9: Adjusted Short Term Strategy on Warehousing and Balance Sheet Exposure Led Temporary to Lower Margins

    Adjusted Short Term Strategy on Warehousing and Balance Sheet Exposure Led Temporary to Lower Margins Key P&L Figures Q1-2020 in m€ Aggr. revenues 51.7 100%  Higher OpEx ratio (>50%) due to seasonality and weaker Expenses from RE Investment Mgt. -21.9 42.4% revenue lines esp. in warehousing and ali

  10. Slide 10: Key Balance Sheet Figures with Solid Cash Position

    Key Balance Sheet Figures with Solid Cash Position Debt Overview at the End of March 2020 in m€  Robust liquidity position as key priority 575.4 81.5  Slight reduction of bank & other debt Bank & 111 (warehousing debt down to € 33m reflects other debt (incl. € 33m in cautious usage of balance shee

  11. Slide 11: Outlook

    Outlook Weather the Crisis Based on Robust Liquidity, Entrepreneurial Flexibility and a Promising Business Perspective  High cost and capital discipline based on a comprehensive catalogue of measures  Clearly profitable operations  Intensified risk and performance analyses on fund structures  Fu

  12. Slide 12: IR Contact and Financial Calendar 2020

    IR Contact and Financial Calendar 2020 Investor Contact Financial Calendar 2020 Dr. Kai G. Klinger 25 February Publication preliminary results for FY 2019 Chief Markets Officer Phone: +49 69 3535630-106 24 March Annual financial report 2019 ir@corestate-capital.com 12 May Publication results for Q1

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