Mci Capital Alternatywna Spolka Inwestycyjna S.a. · GPW:MCI
Mci Capital Alternatywna Spolka Inwestycyjna — MCI Capital — Q3 2018 Earnings Presentation
11 slides from Mci Capital Alternatywna Spolka Inwestycyjna's earnings presentation, Nov 26, 2018
Slide 1: Financial results and highlights Q3 2018
Financial results and highlights Q3 2018 MCI Capital & Private Equity Managers Warsaw, 26 November 2018
Slide 2: Agenda
Agenda 1. Exits summary 2018 2. Financial results of MCI Capital 3. Financial results of Private Equity Managers 4. Investment Funds 5. Outlook 2019 2
Slide 3: Exits summary 2018
1. Exits summary 2018 Announced exits till the date of publication of the report and dividends amounted to almost PLN 670 M PLN 592.5 M – sale of shares in portfolio companies PLN 76.8 M – received dividends Value of exits to the This is a proof of high liquidity of the portfolio that gives a signif
Slide 4: Financial results for the period 1-3Q 2018 MCI Capital
2. Financial results for the period 1-3Q 2018 MCI Capital 2,313 1,999 1,365 1,160 M PLN M PLN M PLN M PLN Funds’ Assets Investment Certificates Funds’ Net Asset Value Net Asset Value (NAV) in MCI’s Balance Sheet 110 70 21.94 17% M PLN M PLN PLN Investment Profit Net Profit Net Asset per share Net De
Slide 5: Financial results for the period 1-3Q 2018 PEM
3. Financial results for the period 1-3Q 2018 PEM 2,313 1,999 10 285 M PLN M PLN M PLN M PLN Funds’ Assets Funds’ Net Asset Value Profit before tax New Investments 39 11.9% 7.2% 7.4% M PLN Gross IRR MCI.EV Gross IRR MCI.TV Gross IRR MCI.CV Profit from management LTM LTM LTM 5
Slide 6: Financial results for the period 1-3Q 2018 PEM: net asset value and margin by investor group
3. Financial results for the period 1-3Q 2018 PEM Net asset value (M PLN) subject to management fee and share (%) Margin nominal (M PLN) including success fee and percentage according to the groups of investors. (%) according to the groups of investors. 1 600 30 72% 1,9% 1 400 25 1 200 20 1 000 800
Slide 7: Funds / MCI.TechVentures 1.0 3Q 2018
Gross assets value 2008-2018 4. Funds / MCI.TechVentures 1.0 3Q 2018 (PLN M) 1 200 10y fund IRR: 1 000 19.6% Fund Managers : Tomasz Danis / Key exits, last 6 years 800 Tomasz Czechowicz/ exits valued at PLN 700M 600 Krzysztof Konopiński MCI.TechVentures 1.0 400 focuses on investments in fast- 200 gr
Slide 8: Funds / MCI.EuroVentures 1.0 3Q 2018
4. Funds / MCI.EuroVentures 1.0 3Q 2018 Fund Managers: Investment certificates ROI (%), Tomasz Czechowicz/Maciej Kowalski Key exits seria N MCI.EuroVentures 1.0 invests in medium-sized digital market or digital ecosystem 19,0% leaders, with EBITDA at EUR 3-30M; with preference for the following indu
Slide 9: Funds / MCI.CreditVentures 1H 2018
4. Funds / MCI.CreditVentures 1H 2018 Fund Manager Investment certificates ROI (%), Krzysztof Konopiński Key exits seria N MCI.CreditVentures MCI.CreditVentures is a subordinated debt fund of the 2nd lien and mezzanine type. It invests in companies that 16,7% operate or have assets in the CEE countr
Slide 10: Funds / Internet Ventures 3Q 2018
4. Funds / Internet Ventures 3Q 2018 Fund Manager New capital in portfolio companies Exits InternetVentures Tomasz Danis 2017-2018 Commitment seed & startup mGenerator Fund Investment: 2014 Investment: 2015 Investment: 2014 PLN 10M PLN 2.0M equity Investments and exits Exit: 2018 Exit: 2018 venture
Slide 11: Outlook MCI 2019
5. Outlook MCI 2019 OUTLOOK - DISCUSSION Fundrasing o Commitment Fund -> Year of Hard Work o Captive Fundraising -> Going International o Traditional Market -> Focus on institutional investors Exits o Record Gross Pipeline o Conversion of Gross to Net Realized Portfolio o Ahead of 2016 – 2018 J-Cour