Corestate Capital Holding Sa · XETR:CCAP

Corestate Capital Holding Sa — Q3 2018 Earnings Presentation

14 slides from Corestate Capital Holding Sa's earnings presentation, Nov 14, 2018

  1. Slide 1: CORESTATE Capital Q3-2018 Results

    CORESTATE Capital Q3-2018 Results Dr. Michael Bütter (CEO) – Lars Schnidrig (CFO) 14 November 2018

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that involve a number of 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 that a

  3. Slide 3: Highlights Q3-2018

    Highlights Q3-2018 Operational Performance  >6% organic growth of RE AuMs  Group operations on full steam towards year end business  Successful placement of trophy warehousing assets  9M earnings distinctly above budget  Increase of financial guidance 2018 Corporate Structure  Acquisition of C

  4. Slide 4: Development of Assets under Management

    Development of Assets under Management Strong Increase in RE AuMs Sound Sourcing Pipeline  +6.2% organic growth in Real Estate AuMs  Pipeline remains strong and tangible in 2018  CRM boosts Micro-Living with € +3.2bn  Planned decrease in non Real Estate AuMs of € -0,9bn +15% in exclusivity/DD in

  5. Slide 5: Next Step in Becoming Europe's Leading Micro-Living Provider: CRM

    Next Step in Becoming Europe´s Leading Micro-Living Provider: CRM CRM  UK´s largest independent operator of student houses with >10Y track record  23k beds in 145 locations  ~ € 3.2bn AuMs  FY2018(e): Sales ~ € 13m; EBITDA ~ € 2m Rationale  Building Europe´s leading micro-living provider (deman

  6. Slide 6: Real Estate Debt – Highly Diversified with Favourable Locations

    Real Estate Debt – Highly Diversified with Favourable Locations Profile of HFS Mezzanine Funds end of September 2018  Total committed fund volume: > € 1,2bn Residential Retail  # of financed projects: 56 78% 17%  Ø size of mezzanine financing: ~ € 22m 78%  >75% German residential Office 5% Regio

  7. Slide 7: Aggregated Revenues Ahead of Targets with Further Seasonal Upside in Q4

    Aggregated Revenues Ahead of Targets with Further Seasonal Upside in Q4 9m-2018 Revenue Stream (in m€ ) 31.7 Acquisition related fees  Ongoing fee floor  Year-end transaction rally ahead  Stable revenue stream with 41.7 1) 99.1 Asset & property mgt. some extra tailwind from HFS in Q4 Warehousing/

  8. Slide 8: Solid Financials on All Major Lines

    Solid Financials on All Major Lines Key P&L Figures 9m-2018 in m€  Operating expenditure reflecting deal costs to Aggr. Revenues 224.3 100% materialize our pipeline as well as the ongoing asset management expenses to comply with regulation Expenses from RE Investment Mgt. -51.7 23.0%  Warehousing

  9. Slide 9: Key Debt Figures and Leverage

    Key Debt Figures and Leverage Debt overview Financial leverage ratio (Net Debt/adj. EBITDA*) 658 Bank & other Debt (incl. € 90m warehousing 177 285 debt) 4.2x 3.9x 4.0x 3.3x 3.4x Senior bond 293 3.0x 2.3x Mid term 372 target range 2.0x Convertible bond 188 Total debt Cash Net debt Q3-2017 Q4-2017 Q1

  10. Slide 10: Financial Outlook

    Financial Outlook Guidance 2018 adjusted and slightly increased Aggr. Revenues* € 270 - 280m  (before € 230 - 240m) Adj. EBITDA € 160 - 170m  (before € 155 - 165m) Adj. Net Income € 125 - 135m  (before € 120 - 130m) Sneak Peak on 2019  Guidance 2019 will be provided on 14 February 2019  Promisi

  11. Slide 11: Appendix

    Appendix

  12. Slide 12: Appendix – Q3-2018 Profit & Loss Statement

    Appendix – Q3-2018 Profit & Loss Statement (€ m) Q3/2018 Q3/2017 Revenue from Acquisition Related Fees 31.7 13.7 Revenue from Asset and Property Management 99.1 31.9 Revenue from Promote and Sales Fees realized 0.2 14.1 Revenue from Real Estate Investment Management 131 59.8 Management expenses (51.

  13. Slide 13: Appendix – Balance Sheet as of 30 September 2018

    Appendix – Balance Sheet as of 30 September 2018 (€ m) 30.09.2018 31.12.2017 Non-Current Assets Goodwill 556.9 556.9 Intangible Assets 123.8 141.0 Investment in Associates and Joint Ventures 77.3 59.9 Total Non-Current Assets 951.1 915.8 Current Assets Inventories 118.4 268.3 Receivables 58.5 52.8 C

  14. Slide 14: Financial Calendar 2019 and Investor Contact

    Financial Calendar 2019 14 Feb 2019 Preliminary result of FY 2018 21 Mar 2019 Publication annual financial report 2018 26 Apr 2019 Annual General Meeting 14 May 2019 Publication Q1 financial report 13 Aug 2019 Publication H1 financial report 05 Sep 2019 Capital Markets Day 12 Nov 2019 Publication Q3

CORESTATE Capital Holding — Q3 2018 Earnings Presentation on 6ix