Corestate Capital Holding Sa · XETR:CCAP

Corestate Capital Holding Sa — Q1 2019 Earnings Presentation

12 slides from Corestate Capital Holding Sa's earnings presentation, May 14, 2019

  1. Slide 1: CORESTATE Capital Management Presentation Q1 Results 2019

    CORESTATE Capital Management Presentation Q1 Results 2019 Lars Schnidrig, CEO | 14 May 2019

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that are subject to various risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainties and contingencies tha

  3. Slide 3: Highlights: Promising start into 2019

    Highlights Promising start into 2019  Financials full on track to deliver on our FY targets  Real Estate Assets under Management up organically by c +4%  HFS with ongoing high demand and stable margin  Seasonal increase in warehousing and temporary balance sheet usage  Strong pipeline showing m

  4. Slide 4: Enhanced Corporate Governance

    Enhanced Corporate Governance AGM  Successful AGM: distribution of € 2.50 per share approved (approx. € 53m)  Share buyback programme completed (approx. € 7m)  Supervisory Board enlarged – Jonathan Lurie newly elected to the Supervisory Board Group Management  Management structure sustainably al

  5. Slide 5: Initiation of a Broad ESG Strategy

    Initiation of a Broad ESG Strategy Our rationale Our objectives  Sustainability as driver for further growth  Combat climate change  Institutional clients expect the proof of ESG  Foster societal impact − improving efficiencies − reducing operational risks  Sustain reliable partnership − safegu

  6. Slide 6: Assets under Management Risen Again – New Record High

    Assets under Management Risen Again – New Record High Assets under Management Sourcing Pipeline  +3.9% organic growth in Real Estate AuMs since  Strong and tangible deal pipeline end of 2018 with typical seasonal tailwind  -4.4% of planned decrease in non-Real Estate AuMs +2.8% € 26bn in LOI in e

  7. Slide 7: Real Estate Debt – Highly Diversified with Focus on Favourable Locations

    Real Estate Debt – Highly Diversified with Focus on Favourable Locations Profile of HFS Mezzanine Funds end of Q1-2019  Total committed fund volume: >€ 1,25bn Retail  # of financed projects: 61 15%  Ø size of mezzanine financing: c € 21m Residential 70% Office  Ø interest rate: between 19% and 2

  8. Slide 8: Aggregated Revenues show a decent start into 2019

    Aggregated Revenues show a decent start into 2019 Q1 2019 Revenue Stream (in m€ ) 4.2 Acquisition related fees  Will increase significantly in the course of the year  Stable revenue stream with 13.3 1) 33.5 Asset & property mgt. slight upside potential 0 Promote/sales fee  Typically in Q4  Benef

  9. Slide 9: Solid Financials on All Major Lines

    Solid Financials on All Major Lines Key P&L Figures Q1 2019 (in m€) Aggr. Revenues 58.8 100%  Slight cost decrease due to extraordinary items Expenses from RE Investment Mgt. -15.5 26.4% in 2018 Alignment Capital expenses -1.5 2.6%  Margins mainly driven by extended warehousing Warehousing expense

  10. Slide 10: Key Debt Figures

    Key Debt Figures Debt Overview (in m€) 667 Bank & other Debt 60 607 (incl. € 120m 186  Seasonal utilization of balance sheet for warehousing Roughly € 200m debt) from short term warehousing and client exposure client exposure (via structured assets held for sale, inventories or other short-term ass

  11. Slide 11: Outlook 2019

    Outlook 2019 More to come in 2019 on operations  Execution of deal pipeline and client growth  Development of new products in Real Estate debt and equity  Ongoing market screening on promising M&A targets Financial Guidance 2019 Aggr. Revenues* € 285 - 295m EBITDA € 165 - 175m Adj. Net Profit € 1

  12. Slide 12: Financial Calendar 2019

    Financial Calendar 2019 13 Aug 2019 Publication H1 financial report 12 Sep 2019 Capital Markets Day 12 Nov 2019 Publication Q3 financial report Investor Contact Dr. Kai G. Klinger Head of Investor Relations & Capital Markets Phone: +49 69 3535630-106 ir@corestate-capital.com Please note that these d

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