Tikehau Capital Sca · EURONEXT:TKO
Tikehau Capital Sca — Tikehau Capital — H1 2020 Earnings Presentation
18 slides from Tikehau Capital Sca's earnings presentation, Jul 30, 2020
Slide 1: Tikehau Capital H1 2020 AUM
TIKEHAU CAPITAL H1 2020 AUM 30 JULY 2020
Slide 2: Disclaimer
DISCLAIMER By viewing or receiving or reading this Presentation (as such term is defined herein) or This Presentation contains forward looking statements about the Group and its attending any meeting where this Presentation is made, you agree to be bound by subsidiaries. These statements include fin
Slide 3: Disclaimer
DISCLAIMER This Presentation includes certain IFRS pro forma financial information about the investors, which will reduce returns and, in the aggregate, are expected to be Group. This pro forma financial information has been prepared on the basis of substantial. Actual returns will be substantially
Slide 4: H1 2020 Highlights
H1 2020 HIGHLIGHTS Tikehau Capital confirms its positioning as a key player in the financing of the real economy €25.7bn of Group AuM at end-June 2020, +9.8% over 12 months and +1.2% over Q2 In a particularly deteriorated global economic context, solid fundraising momentum with +€1.1bn of net new mo
Slide 5: +€1.1bn fundraising in asset management in H1 2020
+€1.1BN FUNDRAISING IN ASSET MANAGEMENT IN H1 2020 Strong fundraising in H1, further improving the Group’s revenue mix Asset management fundraising by quarter, and asset class €bn 1.2 €150m €65m 1.1 €520m Real Estate and 0.6 0.6 0.6 Private Equity 0.5 account for €1.1bn 80% of H1 2020 €350m AM fundr
Slide 6: AUM evolution by asset class (AM perimeter)
AUM EVOLUTION BY ASSET CLASS (AM PERIMETER) Private Debt Real Estate -1% +20% 8.4 8.6 8.3 9.6 9.2 8.0 €bn €bn 30-Jun-19 31-Dec-19 30-Jun-20 30-Jun-19 31-Dec-19 30-Jun-20 Private Equity Capital Markets Strategies +53% +15% 2.3 2.0 3.8 3.8 3.3 1.5 €bn €bn 30-Jun-19 31-Dec-19 30-Jun-20 30-Jun-19 31-Dec
Slide 7: Group AUM by asset class €25.7bn
GROUP AUM BY ASSET CLASS +9.8% Group AuM over the last twelve months (+€2.3bn) Group AuM breakdown at end-June 2020 Direct Investments, €1.7bn Asset Management: €24.0bn of AuM at end-June 2020 Capital Markets +€2.8bn (+13.2%) over the last twelve months Private Debt, Strategies, €8.3bn +€400m (+1.7%
Slide 8: Strong asset management AUM progression
STRONG ASSET MANAGEMENT AUM PROGRESSION €bn +13.2% LTM Asset 24.0 Management +0.1 AuM 21.2 +4.0 LTM evolution (1.3) June 2019 to June 2020 30/06/2019 Fundraising Distributions Market effect 30/06/2020 €bn +1.7% H120 Asset Management 24.0 AuM 23.6 +1.1 H1 evolution (0.5) (0.2) Dec 2019 to June 2020 3
Slide 9: Direct investments AUM evolution
DIRECT INVESTMENTS AUM EVOLUTION 2,173 (142) 1,683 (84) (68) (165) (31) Direct 1 2 3 4 5 Investments AuM €m 31/12/2019 New Dividends Market effects Fin. Instruments Others 30/06/2020 commitments in TKO funds 1 New commitments in Tikehau Capital’s funds, as per the Group’s strategy of alignment of in
Slide 10: Active rotation of the investment portfolio in H1
ACTIVE ROTATION OF THE INVESTMENT PORTFOLIO IN H1 20 Tikehau Capital delivers on its strategy # of investments 205 210 A highly diversified and granular 35% portfolio 51% 65-75% 65% exposure to its own funds as of +16 pts June 2020 (+16 pts yoy) 65% 49% Strong alignment of interests with investor-cl
Slide 11: +€1.6bn of AUM added since 30 June 2020
+€1.6M OF AUM ADDED SINCE 30 JUNE 2020 A very strong start to the 3rd quarter Proforma Asset Management AuM as of end-July 2020 €bn 25.6 +0.5 24.0 +0.6 +0.3 +0.2 1 2 3 4 30/06/2020 Private Equity Private Debt Evergreen Mandate Acquisition of Star 31/07/2020 PF America Infr. Partners 1 Private Equity
Slide 12: Major success for Ace Management
MAJOR SUCCESS FOR ACE MANAGEMENT Ace Management will exclusively manage Ace Aéro Partenaires Ace Management selected to exclusively manage Ace Aéro Partenaires, a private Ace Management in a nutshell equity fund aiming at investing to support and strengthen the aeronautics industry An initial succes
Slide 13: Many uncertainties remain for the next quarters
MANY UNCERTAINTIES REMAIN FOR THE NEXT QUARTERS Tikehau Capital remains prudent given the high level of uncertainties in the market For the past 2 years, Tikehau Capital has adopted a cautious stance and has strenghtened its model and balance sheet in the event of a market correction In March 2020,
Slide 14: Structural tailwinds for alternatives…
STRUCTURAL TAILWINDS FOR ALTERNATIVES… …with private markets outperforming public markets Structural tailwinds Compared performance of the S&P 500 and the Preqin Private Capital Index Higher return and resilience of private Data at 30 June 2020 - Base 100 at 31 December 2000 asset classes 510 Estima
Slide 15: Tikehau Capital is well-positioned to navigate the cycle
TIKEHAU CAPITAL IS WELL-POSITIONED TO NAVIGATE THE CYCLE The Covid-19 outbreak has raised …that Tikehau Capital has been anticipating specific risks… with the building of the right set-up Value creation in asset management is A diversified exposure to complementary asset 1 switching from asset alloc
Slide 16: Confirmation of Group's mid-term guidance
CONFIRMATION OF GROUP’S MID-TERM GUIDANCE The Group is on track to deliver its organic guidance >€35bn of total AuM by 2022 of operating profit for Asset Management >€100m activities by 2022 of investment portfolio comprised of 65-75% investments within Tikehau Capital funds run rate return on capit
Slide 17: Q&A session
Q&A session H1 2020 AUM PRESENTATION Tikehau Capital 17
Slide 18: Tikehau Capital
The information contained in this presentation is confidential and is for the exclusive use of the original listed recipient(s). The contents of this presentation are for TIKEHAU CAPITAL informational purposes only, and should not be regarded as an offer to sell or a solicitation of an offer to buy