MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — Investor Presentation (November 2022)
31 slides from MPC Munchmeyer Petersen Capital's investor presentation, November 2022
Slide 1: Committed to Create Value – Company Presentation
November 2022 COMMITTED TO CREATE VALUE Company Presentation
Slide 2: Content
CONTENT 1. Introduction 2. Business model and growth objectives 3. Highlights 2022 4. Financials 5. Outlook | Company Presentation Content | 2
Slide 3: Introduction
MPC CAPITAL Introduction | |
Slide 4: MPC Capital at a glance
COMMITTED INITIATOR, MANAGER AND CO-INVESTOR FOR REAL ASSET INVESTMENTS MPC Capital at a glance Investment management and co-investments €4.5bn Assets under Management Broad range of hands-on management services €20+ bn Three low-correlated real asset classes invested across asset classes 25+ years
Slide 5: Investment highlights
ESSENTIAL INVESTMENT NEEDS MEET PROVEN BUSINESS MODEL OF MPC CAPITAL Investment highlights COMPELLING MEGATRENDS ENERGY TRANSITION … as catalyst for sustainable growth Ideally positioned to participate across asset classes in the global energy transition ASSET-LIGHT BUSINESS MODEL CASH GENERATION PO
Slide 6: Business Model
MPC CAPITAL Business Model | |
Slide 7: Equity Story of MPC Capital
WE LIVE WHAT WE CLAIM: MAKING THE DIFFERENCE AS AN INVESTMENT MANAGER Equity Story of MPC Capital COMPELLING MEGATRENDS IN ESTABLISHED GLOBAL PLAYER WITH A CREATING SUSTAINABLE VALUE FOR A ESSENTIAL INDUSTRIES B PROVEN BUSINESS MODEL C CLIENTS AND SHAREHOLDERS Real Estate Strong pipeline Renewables
Slide 8: We focus on global megatrends in fast-growing, essential markets
A WE FOCUS ON GLOBAL MEGATRENDS IN FAST-GROWING, ESSENTIAL MARKETS Growth drivers: Three robust real asset markets +40% +500% +300% World population growth Rising (renewable) energy Increasing global trade until 2050 consumption until 2050 volume until 2050 + Need for sustainable housing + The proje
Slide 9: Significant investments required to support global energy transition
A SIGNIFICANT INVESTMENTS REQUIRED TO SUPPORT GLOBAL ENERGY TRANSITION Breakdown of investment gap until 2030 in relevant asset classes, in USD bn REQUIRED SCALE-UP IN CAPITAL 2,056 Buildings USD 3,329 bn 1,105 1,018 816 842 1,345 Electricity USD 9,767 bn 736 127 100 4,436 Buildings Transport & 833
Slide 10: Our participation in the energy transition
A OUR PARTICIPATION IN THE ENERGY TRANSITION Recently initiated investment projects Sustainable housing in Germany Clean energy for Latin America Green container vessels + Open-ended Special AIF + Initiation of investment platforms with focus markets + Container newbuildings featuring advanced desig
Slide 11: Alternative fuels are at the core of the marine energy transition
A ALTERNATIVE FUELS ARE AT THE CORE OF THE MARINE ENERGY TRANSITION Deep dive on MPC Capital‘s role in the value chain Energy generation and Storage, blending, Ships operating production of alternative fuels transportation, and bunkering on alternative fuels To reach IMO target of reducing carbon em
Slide 12: Our business: sourcing, structuring and managing extraordinary projects
B OUR BUSINESS: SOURCING, STRUCTURING AND MANAGING EXTRAORDINARY PROJECTS Integrated management setup to provide compelling returns across the risk-spectrum SOURCING STRUCTURING CO-INVESTMENT MANAGEMENT Pipeline (as of Aug 2022) >AuM by investment vehicle Portfolio (book value) No. of employees Real
Slide 13: Diversified income streams along the investment process
C DIVERSIFIED INCOME STREAMS ALONG THE INVESTMENT PROCESS Value drivers of MPC Capital Recurring management fees Dynamic transaction and performance Returns from co-investments from excellent services fees from deal making and value creation + Asset management fees + Acquisition and exit fees + Divi
Slide 14: Track record: investment projects for institutional clients
TRACK RECORD: INVESTMENT PROJECTS FOR INSTITUTIONAL CLIENTS Institutional Assets under Management and co-investment performance since 2015 INSTITUTIONAL AUM (IN EUR BN) 4.5 13% CAGR 0.8 in Institutional AuM since 2015 CAGR 13% 4.1 €1.6bn 3.7 3.7 3.5 Average transaction volume per annum since 2015**
Slide 15: Highlights 2022
MPC CAPITAL Highlights 2022 | |
Slide 16: Exiting Dutch activities and focus on sustainable investment strategies
EXITING DUTCH ACTIVITIES AND FOCUS ON Real Estate SUSTAINABLE INVESTMENT STRATEGIES Highlights 2022 MARKET COMMENT + Interest rate environment and rising construction costs weigh on real estate markets SALE OF DUTCH ACTIVITIES + Sale of Cairn Real Estate with a book profit of EUR 16.5m closed in Q1
Slide 17: Renewable energy projects in Latin America and the Caribbean
RENEWABLE ENERGY PROJECTS IN Renewables LATIN AMERICA AND THE CARIBBEAN Highlights 2022 MARKET COMMENT + Strong global demand for renewable energy projects to meet climate goals MPC ENERGY SOLUTIONS + MPC Capital Co-Investment: 20% + Current projects: >300 MWp in Mexico, Colombia, El Salvador, Puert
Slide 18: Energy transition provides vast variety of investment opportunities
ENERGY TRANSITION PROVIDES VAST VARIETY OF Shipping INVESTMENT OPPORTUNITIES Highlights 2022 MARKET COMMENT + Challenging economic and geopolitical conditions, but charter rates above pre-pandemic levels and significant charter coverage + Strong demand for investments in sustainable maritime infrast
Slide 19: Financials
MPC CAPITAL Financials | |
Slide 20: Increased profitability & upgraded FY22 guidance
INCREASED PROFITABILITY & UPGRADED FY22 GUIDANCE 9M 2022 Key financials – P&L highlights REVENUE (IN EUR M) EBT (adj.*) (IN EUR M) COMMENTS + Strong first 9 months of 2022 across asset classes + Co-Investments contribute stable returns 21% 45% EBT margin (adj.*) + Drop in revenues due to the sale of
Slide 21: Solid balance sheet facilitates growth ambitions
SOLID BALANCE SHEET FACILITATES GROWTH AMBITIONS 9M 2022 Key financials – balance sheet highlights BALANCE SHEET STRUCTURE (IN EUR M / IN %) CO-INVESTMENT PORTFOLIO ALLOCATION (IN %) Equity ratio Pro forma as of 30 June 2022 134.6 150.0 Equity Real 123.7 Renewables 21% 15% Estate Total balance 100.8
Slide 22: Outlook
MPC CAPITAL Outlook | |
Slide 23: Our committed growth targets enable a continuous expansion of our business
OUR COMMITTED GROWTH TARGETS ENABLE A CONTINUOUS EXPANSION OF OUR BUSINESS Business drivers and growth objectives Targets achieved 2020 2021 Increase AuM and transaction business EUR 0.5 – 1.0 bn new AuM per annum Improve platform profitability EBT margin > 30% Income from investment activities Blen
Slide 24: Appendix
MPC CAPITAL Appendix Cour | Tr 44 : a oF E = 3
Slide 25: We are invested in the future
WE ARE INVESTED IN THE FUTURE Our commitment to ESG ESG FIELDS OF ACTION WE ARE PART OF THE GLOBAL ESG CLUSTER Environment We are committed to advance the energy transition and to contribute a positive environmental impact with our environmental investments and corporate processes. Social ESG IS AN
Slide 26: Our co-investment portfolio
OUR CO-INVESTMENT PORTFOLIO Balance sheet: Financial assets as of 30 June 2022 (in EUR m) DESCRIPTION FINANCIAL ASSETS Real Estate 6.8 Bajes Kwartier Residential development project in Amsterdam 3.0 Angelo Gordon Dutch mixed portfolio deal 0.9 SHV I German Micro Living development fund 1.4 Other 1.5
Slide 27: Financial performance 2016 – 2022
FINANCIAL PERFORMANCE 2016 – 2022 Income statement & balance sheet (in EUR m) INCOME FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 H1 2021 H1 2022 STATEMENT Revenue 53.8 47.3 42.7 46.8 50.5 42.3 16.0 18.7 Other operating income 11.9 22.7 12.5 9.7 9.9 16.4 5.8 22.0 Cost of materials / Cost of purch
Slide 28: Management and Supervisory Board
MANAGEMENT AND SUPERVISORY BOARD MANAGEMENT BOARD SUPERVISORY BOARD Ulf Holländer Dr. Axel Schroeder Chief Executive Officer Chairman of the Supervisory Board Board member since 2000 Supervisory board member since 2015 With MPC Capital since 2000 Founder of MPC Capital in 1994 Constantin Baack Joach
Slide 29: Publicly listed since 2000 with long-term commitment by founding shareholder MPC Group
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP Capital market profile SHAREHOLDER STRUCTURE SHARE PRICE 2021/2022 (IN EUR) Thien & Heyenga 8% 3,5 49% MPC Group Freefloat 43% 2,5 +84% 1,5 2021 2022 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 202
Slide 30: IR contact, trading information & financial calendar
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR Investor relations Stefan Zenker FINANCIAL CALENDAR 2022 Head of Investor Relations MPC Münchmeyer Petersen Capital AG + 24 February 2022 Palmaille 67 Publication of Annual Report 2021 22767 Hamburg + 27 April 2022 D +49 40 380 22 - 43 47 Annual G
Slide 31: Disclaimer
DISCLAIMER This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous care and to the best of our knowledge. The Presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy any interest, shares or
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