MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (November 2023)
32 slides from MPC Munchmeyer Petersen Capital's investor presentation, November 2023
Slide 1: Committed to Create Value
November 2023 COMMITTED TO CREATE VALUE Company Presentation
Slide 2: Content
CONTENT 1. Introduction 2. Business model and growth objectives 3. Business update 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 | Company Presentation Introdu
Slide 6: 9M 2023 Highlights
9M 2023 HIGHLIGHTS Solid balance sheet and further increase in profitability in a challenging market environment € 21.8m from recurring Management activities Strong growth in Shipping and Renewables offset sale of Dutch real estate activities (in 2022) € 5.6m Transaction fees from continuing deal fl
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: 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 10: Our participation in the energy transition
A+B 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 de
Slide 11: 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 12: 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 13: Business Update
MPC CAPITAL Business Update AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 14: Ramping up investment solutions for institutional clients
RAMPING-UP INVESTMENT SOLUTIONS FOR INSTITUTIONAL CLIENTS Institutional Assets under Management and co-investment performance since 2015 INSTITUTIONAL AUM (IN EUR BN) 4.1 4.0 Former retail 11% CAGR 0.5 business in Institutional AuM since 2015 3.5 3.7 3.5 3.5 € 1.5bn 2.5 Average transaction volume pe
Slide 15: Focused business development for future-proof income generation
FOCUSED BUSINESS DEVELOPMENT TO FACILITATE FUTURE-PROOF 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 (MWp
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 FOCUS ON SUSTAINABLE RESIDENTIAL ASSETS + ESG Residential Fund with currently six p
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 + Increasing demand on yield OPTIMIZING INVESTMENT PLATFORM IN LATIN AMERICA + Partial farmdowns + New development activit
Slide 18: Portfolio optimization and focus on decarbonization projects: Shipping
PORTFOLIO OPTIMIZATION AND FOCUS ON Shipping DECARBONIZATION PROJETS 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 + A
Slide 19: Financials
MPC CAPITAL Financials Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund | |
Slide 20: Continuing profitable growth
CONTINUING PROFITABLE GROWTH P&L highlights (9M 2023) REVENUE (IN EUR M) EBT (adj.*) (IN EUR M) COMMENTS + Renewables and Shipping segments offset decline in management fees in Real EBT margin (adj.*) 45% 55% Estate segment (due to the sale of Dutch business in 2022) 27.1 27.6 28.8 + Transaction fee
Slide 21: Solid balance sheet facilitates growth ambitions
SOLID BALANCE SHEET FACILITATES GROWTH AMBITIONS Balance sheet highlights (9M 2023) EQUITY (IN EUR M / IN %) CO-INVESTMENT PORTFOLIO ALLOCATION (IN %) Book values, as of 30 June 2023 150 ~130.0 Real 123.2 Renewables 10% Estate 96.3 100.8 29% 100 Equity 23% 13% Return on Equity (RoE) 50 0% 7% RoE ave
Slide 22: Strong cash generation and prudent capital allocation
STRONG CASH GENERATION AND PRUDENT CAPITAL ALLOCATION Cash flow highlights (9M 2023) CASH FLOW (IN EUR M) COMMENTS + Significant (and visible) returns from MPC Capital’s co-investment portfolio + Co-investments in Shipping and Renewables 10.1 -8.0 projects (e.g. highly energy-efficient container Pay
Slide 23: Outlook
MPC CAPITAL Outlook AS Floriana 1,300 TEU container vessel Investment Vehicle: MPC Container Ships | |
Slide 24: Our committed growth targets enable continuous expansion
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 25: Appendix
Residential project in Bad Nauheim (Metropolitan area of Frankfurt) Investment Vehicle: ESG Core Wohnimmobilien Deutschland MPC CAPITAL Appendix | |
Slide 26: 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 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