MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (May 2024)
28 slides from MPC Munchmeyer Petersen Capital's investor presentation, May 2024
Slide 1: Committed to Create Value
May 2024 COMMITTED TO CREATE VALUE Company Presentation
Slide 2: Content
CONTENT 1. Introduction 2. Business Model and Growth Objectives 3. Q1 2024 Update 4. Outlook | Company Presentation Content | 2
Slide 3: Introduction
MPC CAPITAL Introduction Paradise Park, Jamaica Investment Vehicle: MPC Caribbean Clean Energy Fund | |
Slide 4: MPC Capital at a glance
INITIATOR, MANAGER AND CO-INVESTOR OF ALTERNATIVE ASSETS MPC Capital at a glance Investment management and co-investments € 4.1bn Assets under Management as of 31 Dec 2023 Broad range of hands-on management services € 20+ bn Focus on Alternative Assets invested across asset classes Real Estate Infra
Slide 5: Active on a global scale, backed by Hanseatic family roots
ACTIVE ON A GLOBAL SCALE, BACKED BY HANSEATIC FAMILY ROOTS Global footprint, 10 offices on the ground 175 real assets 210 employees € 1.1bn in selected markets around the world in 10 offices located close to our partners and projects transaction volume globally in 2023 | Company Presentation Introdu
Slide 6: Highlights FY 2023 & Q1 2024
HIGHLIGHTS FY 2023 & Q1 2024 Solid balance sheet and further increase in profitability in a volatile market environment 2023 Q1 2024 € 30.5m recurring Management fees € 7.7m recurring Management fees Increase in management fees on a stable basis of AUM of EUR 4.1 bn +4% yoy increase in management fe
Slide 7: Business Model
Residential project in Bad Nauheim (Metropolitan area of Frankfurt) Investment Vehicle: ESG Core Wohnimmobilien Deutschland MPC CAPITAL Business Model | |
Slide 8: 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 9: Alternatives are a structural growth market
A ALTERNATIVES ARE A STRUCTURAL GROWTH MARKET Global asset allocations are in favor of alternatives accelerated by the need to reach net zero by 2050 SHARE OF GLOBAL AUM (IN US$ TRILLION) ANNUAL INVESTMENT NEED TO REACH NET ZERO BY 2050 Trillion USD US$71tn US$128tn 5 4 11% 23% 3 2 1 0 2015 2027e 2
Slide 10: 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 Feb 2024) >AuM by investment vehicle Portfolio (book value) No. of employees Real
Slide 11: Diversified income streams along the investment process
C DIVERSIFIED INCOME STREAMS ALONG THE INVESTMENT PROCESS Value drivers of MPC Capital Recurring management fees Transaction and performance fees Returns from co-investments from excellent services from deal making and value creation + Asset management fees + Acquisition and exit fees + Dividends +
Slide 12: Ramping up investment solutions for institutional clients
RAMPING-UP INVESTMENT SOLUTIONS FOR INSTITUTIONAL CLIENTS, FOCUSED ON ENERGY TRANSITION Assets under Management performance since 2015 INSTITUTIONAL AUM (IN EUR BN) 10% CAGR in Institutional AuM since 2015 2015-2023 € 1.5bn Growth in Institutional Business 4.1 CAGR 10% 3.8 4.1 0.4 Average transactio
Slide 13: Q1 2024 Update
MPC CAPITAL Q1 2024 Update AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 14: Operational Highlights Q1 2024
OPERATIONAL HIGHLIGHTS Q1 2024 MANAGEMENT SERVICES TRANSACTION SERVICES + Acquisition of Zeaborn Ship Management adds significantly to fleet + Acquisition of 2 container vessels jointly with Scandinavian under management (container, bulk, tanker vessels) investors (USD 40m total deal volume) + Furth
Slide 15: Review 2023: Continuing profitable growth
REVIEW 2023: CONTINUING PROFITABLE GROWTH Key financials REVENUE (IN EUR M) EBT (adj.*) (IN EUR M) COMMENTS + 4% growth in recurring management fees and total revenues + Solid transaction fees across sectors +4% EBT margin (adj.*) 40% 51% + EBT adj. up by 31% 37.9 36.5 + EBT margin at 51% (well abov
Slide 16: Q1 2024: Disproportional growth in earnings
Q1 2024: DISPROPORTIONAL GROWTH IN EARNINGS Key financials REVENUE (IN EUR M) EBT (IN EUR M) COMMENTS + Continued increase of recurring management fees by 4% due to expansion of Renewables and Shipping segments +11% 48% 73% EBT margin + Increase in transaction fee volume by 64% mainly due to transac
Slide 17: Solid balance sheet facilitates growth ambitions
SOLID BALANCE SHEET FACILITATES GROWTH AMBITIONS Balance sheet highlights 2023 & Q1 2024 EQUITY (IN EUR M / IN %) CO-INVESTMENT PORTFOLIO ALLOCATION (IN %) Book value of invested capital, as of 31 Dec 2023 Real 150 123.2 129.5 96.3 100.8 10% Estate Equity Renewables 100 23% 34% 13% Return on Equity
Slide 18: Strong cash generation and prudent capital allocation
STRONG CASH GENERATION AND PRUDENT CAPITAL ALLOCATION Cash flow highlights 2023 and Guidance 2024 CASH FLOW (IN EUR M) COMMENTS + Significant (and visible) returns from MPC Capital’s co-investment portfolio 13.2 + Co-investments in Maritime Infrastructure and -27.8 Renewables projects 14.5 Returns f
Slide 19: Outlook
MPC CAPITAL Outlook AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 20: Consistent execution on financial targets
CONSISTENT EXECUTION ON FINANCIAL TARGETS Business drivers and growth objectives Targets achieved 2021 2022 2023 Increase AuM and transaction business EUR 0.5 – 1.0 bn of new AuM per annum Income from co-investment activities Blended IRR > 15% Improve platform profitability EBT margin > 30% Strong c
Slide 21: Appendix
MPC CAPITAL Appendix Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund | |
Slide 22: 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 23: MPC Capital co-investment portfolio
MPC CAPITAL CO-INVESTMENT PORTFOLIO Balance sheet: Financial assets as of 31 December 2023 (in EUR m) FINANCIAL DESCRIPTION ASSETS Real Estate 4.8 Bajes Kwartier Residential development project in Amsterdam 2.4 Angelo Gordon Dutch mixed portfolio deal 0.8 Others 1.6 Maritime Infrastructure 39.8 MPC
Slide 24: Financial performance 2018 – 2024
FINANCIAL PERFORMANCE 2018 – 2024 Income statement & balance sheet (in EUR m) INCOME FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Q1 2023 Q1 2024 STATEMENT Revenue 42.7 46.8 50.5 42.3 36.5 37.9 8.6 9.6 Other operating income 12.5 9.7 9.9 16.4 26.5 8.0 0.9 0.7 Cost of materials / Cost of purchased
Slide 25: 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 26: Publicly listed since 2000 with long-term commitment by founding shareholder
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC MÜNCHMEYER PETERSEN Capital market profile SHAREHOLDER STRUCTURE SHARE PRICE SINCE 2022 (IN EUR) MPC Capital 4,00 SDAX 3,50 35.2m MPC Münchmeyer 47% Freefloat 53% shares Petersen & Co. GmbH 3,00 2,50 2,00 Jan-22 Apr-22
Slide 27: IR contact, trading information & financial calendar
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR Investor relations Stefan Zenker FINANCIAL CALENDAR 2024 Head of Investor Relations + 23-26 September 2024 + 7 March 2024 Baader Investment Conference, MPC Münchmeyer Petersen Capital AG Publication of Palmaille 67 Munich 22767 Hamburg Annual Repo
Slide 28: 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