ICG plc · LSE:ICG
ICG — Investor Day (June 2020)
11 slides from ICG's investor day presentation, June 2020
Slide 1: Kevin Cooper, Co-Head of Real Estate, June 2020
KEVIN COOPER, CO-HEAD OF REAL ESTATE JUNE 2020 PRIVATE AND CONFIDENTIAL
Slide 2: Agenda
Agenda icG Real Estate market outlook Market activity levels & dry powder What we are seeing on the ground Key themes that are framing our thinking and appetite PRIVATE AND CONFIDENTIAL 2
Slide 3: Real Estate Market Outlook
Re. al Estate Market Outlook The stars are nearly aligned or QE driven real inflation potential f asse yield or intentions net 40% Invest positive Positives this is | change ithin RE e around W sectors structural moving valu! will dissipate &Y Covid- but recovery evident now Negatives iCG Ri VATE AN
Slide 4: PRIVATE AND CONFIDENTIAL
• • PRIVATE AND CONFIDENTIAL 4
Slide 5: European Real Estate dry powder
European Real Estate dry powder icG $70bn of dry powder - plenty to go around REAL ESTATE PRIVATE EQUITY (ALL STRATEGIES ) 90 80 60 50 40 30 20 10 0) 2016 2017 2018 2020 Source: Preqinas at 31 December 2020 PRIVATE AND CONFIDENTIAL 5
Slide 6: ICG Real Estate business today
ICG Real Estate business today iCG Scale & multi-strategy model pays dividends Sale & Leaseback €5bn AUM €776m AUM €49bn 2020 pipeline j Private Debt 4 €3,738m AUM Team of 45 - i Residential Development 4 active strategies €707m AUM 113 investments in 7 jurisdictions @ ICG Office Source: ICG as at 3
Slide 7: Key themes that are framing our thinking
Key themes that are framing our thinking icG
Slide 8: Residential: The new core sector
~~. . iCG Residential The new core sector — compelling real returns % OF PEOPLE LIVING IN URBAN AREAS IN EUROPE 80% 78% 76% 74% 72% 70% 68% 66% 64% 1990 2020 2035 vs =4.9% 3.35% European residential multifamily yield Source: BNP Research as at 31 March 2021 PRIVATE AND CONFIDENTIAL
Slide 9: Retail: E-commerce v physical
iCG Retail E-commerce v physical — when will we find the balance point? Customer acquisition cost “~ Customer acquisition cost & & lifetime earnings = lifetime earnings PRIVATE AND CONFIDENTIAL
Slide 10: Key Takeaways
• • Key Takeaways • • PRIVATE AND CONFIDENTIAL 10
Slide 11: Disclaimer
a . iCG Disclaimer For institutional/professional/accredited investors only. This documents being provided to you by the subsidiaries or affiliates of Intermediate Capital Group plc ("ICG”, and together with their respective directors, officers, employees, partners, members, shareholders, advisers a