MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (August 2023)
32 slides from MPC Munchmeyer Petersen Capital's investor presentation, August 2023
Slide 1: Committed to Create Value – Company Presentation
August 2023 COMMITTED TO CREATE VALUE Company Presentation
Slide 2: Content
CONTENT 1. Introduction 2. Business model and growth objectives 3. Highlights 2023 4. Financials 5. 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 FOR REAL ASSET INVESTMENTS MPC Capital at a glance Investment management and co-investments € 4.0bn Assets under Management Broad range of hands-on management services € 20+ bn Three low-correlated real asset classes invested across asset classes 25+ years of track
Slide 5: Active on a global scale, backed by Hanseatic family roots
ACTIVE ON A GLOBAL SCALE, BACKED BY HANSEATIC FAMILY ROOTS Global footprint, 11 offices on the ground 200 real assets 200 employees € 0.9bn in selected markets around the world in 11 offices located close to our partners and projects transaction volume globally in 2022 | Equity Story Introduction |
Slide 6: Track record: investments for institutional clients
TRACK RECORD: INVESTMENTS FOR INSTITUTIONAL CLIENTS Institutional Assets under Management and co-investment performance since 2015 INSTITUTIONAL AUM (IN EUR BN) 4.1 4.0 11% CAGR 0.5 in Institutional AuM since 2015 3.5 3.7 3.5 3.5 € 1.5bn 2.5 Average transaction volume per annum since 2015** 2.3 2.4
Slide 7: Essential investment needs meet proven business model of MPC Capital
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 8: Business Model
Residential project in Bad Nauheim (Metropolitan area of Frankfurt) Investment Vehicle: ESG Core Wohnimmobilien Deutschland MPC CAPITAL Business Model | |
Slide 9: We live what we claim: making the difference as an investment manager
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 10: 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 11: Our participation in the energy transition
A OUR PARTICIPATION IN THE ENERGY TRANSITION Recently initiated investment platforms 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 desi
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 2023) >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 Transaction and performance Returns from co-investments from excellent services fees from deal making and value creation + Asset management fees + Acquisition and exit fees + Dividends +
Slide 14: Highlights 2023
MPC CAPITAL Highlights 2023 AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 15: Investment activities focused on sustainability and strong income generation
INVESTMENT ACTIVITIES FOCUSED ON SUSTAINABILITY AND STRONG INCOME GENERATION Investment focus of MPC Capital Focus on sustainable residential Strong growth in Latin America and Portfolio optimisation and fleet projects the Caribbean renewal Residential projects (sqm '000) Renewable energy projects (
Slide 16: Focus on sustainable investment strategies – Real Estate
FOCUS ON SUSTAINABLE INVESTMENT Real Estate STRATEGIES Highlights 2023 MARKET COMMENT + Interest rate environment and rising construction costs weigh on real estate markets + Market consolidation offers opportunities and healthy long-term market fundamentals for residential projects FOCUS ON SUSTAIN
Slide 17: Renewable energy projects in Latin America and the Caribbean
RENEWABLE ENERGY PROJECTS IN Renewables LATIN AMERICA AND THE CARIBBEAN Highlights 2023 MARKET COMMENT + Strong global demand for renewable energy projects to meet climate goals + Interest rate environment drives expected returns upwards INVESTMENT PLATFORM IN LATIN AMERICA + Geographically and tech
Slide 18: Portfolio optimization and focus on decarbonization projects – Shipping
PORTFOLIO OPTIMIZATION AND FOCUS ON Shipping DECARBONIZATION PROJECTS Highlights 2023 MARKET COMMENT + Challenging economic and geopolitical conditions + Container market sentiment signals rebound + Strong demand for investments in maritime decarbonization projects EXPLOITING MARKET OPPORTUNITIES +
Slide 19: Financials
MPC CAPITAL Financials Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund | |
Slide 20: Continuing profitable growth in shipping and renewables segment
CONTINUING PROFITABLE GROWTH IN SHIPPING AND RENEWABLES SEGMENT H1 2023 Key financials – P&L highlights REVENUE (IN EUR M) EBT (adj.*) (IN EUR M) COMMENTS + Expansion of Renewables and Shipping segments offset decline in management EBT margin (adj.*) 42% 54% fees in Real Estate segment (due to sale
Slide 21: Solid balance sheet facilitates growth ambitions
SOLID BALANCE SHEET FACILITATES GROWTH AMBITIONS H1 2023 Key financials – balance sheet highlights BALANCE SHEET STRUCTURE (IN EUR M / IN %) CO-INVESTMENT PORTFOLIO ALLOCATION (IN %) Equity ratio Book values, as of 30 Jun 2023 150.8 141.9 Equity Real Renewables 10% 123.2 122.1 Total balance Estate 2
Slide 22: Outlook
MPC CAPITAL Outlook AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
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 2022 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 profit
Slide 24: Appendix
Residential project in Bad Nauheim (Metropolitan area of Frankfurt) Investment Vehicle: ESG Core Wohnimmobilien Deutschland MPC CAPITAL Appendix | |
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: Alternative fuels are at the core of the marine energy transition
ALTERNATIVE FUELS ARE AT THE CORE OF THE MARINE ENERGY TRANSITION … while 95% of the current orderbook are still conventional fueled vessels Synthetic Batteries Methanol diesel Synthetic Hydrogen methane Ammonia Active cooperation as a Mission Ambassador Renewable Power- Production and Green Energie
Slide 27: Our co-investment portfolio
OUR CO-INVESTMENT PORTFOLIO Balance sheet: Financial assets as of 30 June 2023 (in EUR m) DESCRIPTION FINANCIAL ASSETS Real Estate 4.3 Bajes Kwartier Residential development project in Amsterdam 2.1 Angelo Gordon Dutch mixed portfolio deal 0.8 Others 1.5 Shipping 26.5 MPC Container Ships Oslo-listed
Slide 28: Financial performance 2018 – 2023
FINANCIAL PERFORMANCE 2018 – 2023 Income statement & balance sheet (in EUR m) INCOME FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1 2022 H1 2023 STATEMENT Revenue 42.7 46.8 50.5 42.3 36.5 18.7 17.2 Other operating income 12.5 9.7 9.9 16.4 26.5 22.0 2.5 Cost of materials / Cost of purchased services -3.5
Slide 29: 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 30: Publicly listed since 2000 with long-term commitment by founding shareholder
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP 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 Dec-21 Mar-22 Jun-22 Sep-22
Slide 31: IR contact, trading information & financial calendar
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR Investor relations Stefan Zenker FINANCIAL CALENDAR 2023 Head of Investor Relations + 2 February 2023 + 23-24 August 2023 MPC Münchmeyer Petersen Capital AG Warburg Investment Conference 10. Hamburger Investorentage Palmaille 67 “Klein aber fein”,
Slide 32: 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