Corestate Capital Holding Sa · XETR:CCAP
Corestate Capital Holding Sa — Corporate Update (December 2022)
8 slides from Corestate Capital Holding Sa's corporate update, Dec 6, 2022
Slide 1: Investor Update
INVESTOR UPDATE 06 DECEMBER 2022
Slide 2: Disclaimer
DISCLAIMER Any actual financial information not specifically identified herein is Glossary not to be considered a forecast or guidance but should be considered as forward-looking statements. € = Euro; (F)Y = (financial) $ = (US)Dollar; year(s); This presentation contains forward-looking statements t
Slide 3: Restructuring Transaction Update
RESTRUCTURING TRANSACTION UPDATE ▪ On 28 November 2022, the creditors’ meetings for the convertible bond 2022 and bond 2023 (together, the “Bonds”) issued by Corestate Capital Holding S.A. (“CCHSA”) adopted with 100% of the voting rights participating in the meetings the resolutions proposed by the
Slide 4: Tight Near-Term Liquidity – Bridge Financing Required to Maintain Liquidity
TIGHT NEAR-TERM LIQUIDITY – BRIDGE FINANCING REQUIRED TO MAINTAIN LIQUIDITY 13-week direct cash flow forecast (free liquidity 1)2 ▪ Currently tight liquidity in m€ situation, in particular in 40 35 Bank balances Corestate’s main entities 4, 37.3 30 reflects urgent requirement for (Temporarily) trapp
Slide 5: Monthly Liquidity Planning for 2023 Beyond 13-Week Cash Flow Forecast
MONTHLY LIQUIDITY PLANNING FOR 2023 BEYOND 13-WEEK CASH FLOW FORECAST Monthly direct cash flow forecast (free liquidity 1)2 ▪ Provided that key cash inflows, in m€ in particular disposal of Gießen 60 and remaining new money from 50 45.5 bondholders (15m€), can be 40 Planned cash obtained as planned,
Slide 6: Key Potential Upsides and Risks Not Reflected in Liquidity Planning
KEY POTENTIAL UPSIDES AND RISKS NOT REFLECTED IN LIQUIDITY PLANNING • Repayments of bridge loans / loans provided by Stratos V (fully owned by Corestate) / remaining CPFs for Key potential Stratos II upsides • Early settlement of receivable related to Hannover Leasing non-core activities (Flightinve
Slide 7: Key Information Concerning Required 10m€ Bridge Financing
KEY INFORMATION CONCERNING REQUIRED 10M€ BRIDGE FINANCING • 10m€ bridge financing to be provided by certain members of the Ad hoc Committee to meet short term liquidity need Key terms • Maturity date: 15 April 2023 • Coupon: 8.0% p.a., payable at maturity (by rolling into final super senior instrume
Slide 8: Details of Certain Elements of Security Package for Bridge Financing
DETAILS OF CERTAIN ELEMENTS OF SECURITY PACKAGE FOR BRIDGE FINANCING BEGO and GABRIELA Description BEGO GABRIELA ▪ Undeveloped land plots in Valencia and Pamplona in prime locations next to universities Land area (k sqm) 3.8 1.2 ▪ Building permit has already been granted for the Gabriela. For Bego,
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