Slide 1: 2015 FY Results Presentation
2015 FY Results Presentation 25th February 2016
Slide 2: Disclaimer
Disclaimer The information contained herein has to be interpreted on the basis of the merger between Dinamia Capital Privado SCR, S.A. and N más Uno IBG, S.A., completed and with accounting effects as from 9th July 2015 (“the Merger”). The Merger was carried out by the absorption of N más Uno IBG, S
Slide 3: Executive summary: A transformational year
I. Executive summary I. A transformational year 2015 has been a transformational year for N+1 N+1 has become a quoted partnership through its reverse merger with Dinamia N+1 has made a key step towards becoming a global mid-market firm through the merger with US based C.W. Downer N+1 has reinf
Slide 4: Executive summary: Key financial highlights
I. Executive summary II. Key financial highlights 1 Sustainable growth of the business in 2015 €71.0 Mn of net revenues for FY 2015, which is a 7.1% increase over 2014 €18.1 Mn of ordinary net profit, which is a 27.7% increase over last year and a margin of 22.0%1 2 Strong balance sheet to support t
Slide 5: Sustainable growth of the business in 2015: Net revenues
II. Sustainable growth of the business in 2015 I. Net revenues Net revenues1 for FY 2015 (€’000) Net revenues by division1 for FY 2015 (€’000) +7.1% 66,367 71,046 71,046 66,367 0% 1% 38% 42% 62% 57% 2014 2015 2014 2015 IB AM Others 2015 FY net revenues of the Group reached €71.0 Mn, which represents
Slide 6: Sustainable growth of the business in 2015: Net profit
II. Sustainable growth of the business in 2015 II. Net profit 2015 FY net profit breakdown (€’000) Ordinary net profit for 2015 FY (€’000) 18.064 48.070 (449) 65.685 +27.7% 14.140 2.419 18.064 15.645 Fee business Realized Ordinary net Extraordinary Unrealized Total 2014 2015 investment profit effect
Slide 7: Other relevant non consolidated businesses
II. Sustainable growth of the business in 2015 III. Other relevant non consolidated businesses N+1 Syz: Wealth Management in Spain1 N+1 Singer: Research and Brokerage in the UK1 1 Shareholding: 25%2 1 Shareholding: 28.16%2 2 Revenues of €5.8 Mn4 2 Revenues of €33.0 Mn3,4 3 Net profit of (€0.8 Mn)4 3
Slide 8: Balance sheet as of 31st December 2015
III. Strong balance sheet to support the Group strategy IV. Balance sheet as of 31st December 2015 €’000 51.919 215.762 30.847 215.762 56 70.529 24.984 24.984 180.131 4.784 13.099 3.750 145.233 5.455 23.185 32.299 112.934 3.750 23185 Cash Other current Total current Intangible Investments Non curren
Slide 9: Subsequent events: N+1 enters the US market through CW Downer
III. Strong balance sheet to support the Group strategy V. Subsequent events to 31st December 2015 with significant impact on financials N+1 enters the US market through the integration with CW Downer Boston based, C.W. Downer is a mid-market financial advisor with 40 years presence in the market Wi
Slide 10: Investment Banking division - Activity
IV. Well performing operating business I. Investment Banking division - Activity M&A 115 59 Advisor to Emmegi in a competitive auction Advisor to Norwegian SKF Group and its US transactions advised process for the acquistion subsidiary Kaydon on the transactions of which of Elumatec AG. A debt Advis
Slide 11: Investment Banking division - Highlights
IV. Well performing operating business II. Investment Banking division - Highlights 1 Incorporation of N+1 Greece N+1 Greece was incorporated in December 2015, starting operations with one Managing Director and one Vice President 2 Consolidation of the Debt Capital Markets practice N+1’s DCM practic
Slide 12: Asset Management division - Assets under management
IV. Well performing operating business I. Asset Management division - Assets under management Assets under management1 (€ Mn) Debt 100 Real Estate 160 Active Funds 301 Wealth Management 1.098 Private Equity 944 Total AuM: €2.6 Bn Total fee-earning AuM €2.2 Bn Private and confidential 1) The Wealth M
Slide 13: Asset Management division – Highlights (i)
IV. Well performing operating business II. Asset Management division – Highlights (i) 1 Private Equity 2 successful Private Equity divestments for a combined sum of €230 Mn, obtaining a combined IRR of 34.6% Sale of Tryo’s Exit from EYSA subsidiary Teltronic Sale of Tryo’s subsidiary Teltronic Exit
Slide 14: Asset Management division – Highlights (ii)
IV. Well performing operating business II. Asset Management division – Highlights (ii) 4 Wealth Management Our wealth management division (N+1 SYZ) surpassed €1.0 Bn of assets under management reaching €1,098 Mn in December 2015, which is a 20% increase over 2014 5 Real Estate Divestment of one prop
Slide 15: Annex
Annex Private and confidential 15
Slide 16: Introductory note to the P&L account
Annex I. Introductory note to the P&L account The 2015 results were shaped, in respect of Nmás1 Dinamia, S.A. (“N+1” or the “Company”) by the merger between the Company and N más Uno IBG, S.A. (“N+1 IBG”). The fact that until the above-mentioned merger (the “Merger”) the Company was a private equity
Slide 17: Consolidated P&L and Adjusted Consolidated P&L for FY 2015
Annex II. Consolidated P&L and Adjusted Consolidated P&L for FY 2015 Adjustment Merger from 31-12-2015 € Thousand 31-12-2015 extraordinary commissions 31-12-2014 % Adjusted expenses on own portfolio Net revenues Investment Banking 40.409 40.409 41.089 (1,7%) Asset Management 24.009 5.790 29.799 25.1
Slide 18: Consolidated balance sheet
Annex III. Consolidated balance sheet ASSETS LIABILITIES & EQUITY € Thousand 31/12/2015 31/12/2014 € Thousand 31/12/2015 31/12/2014 EQUITY 184.915 46.569 SHAREHOLDERS EQUITY 177.224 39.427 Capital 101.011 48.838 Share premium 105.492 44.931 Reserves (91.649) (62.240) Treasury shares (460) (223) Net
Slide 19: Contact information
Contact information Philipp Krohn Head Investor Relations Tel.: +34 917 458 484 investors@nplusone.com I www.nplusone.com Private and confidential 19