Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — FY2017 Earnings Presentation
25 slides from Alantra Partners Sa's earnings presentation, Feb 27, 2018
Slide 1: 2017 FY Results Presentation
2017 FY Results Presentation 27th February 2018
Slide 2: I. Executive summary (i)
I. Executive summary (i) 2017 has been a year of growth and delivery for our clients, investors and shareholders Record net profit of €30.2 Mn achieving a 20.7% growth vs. last year Net revenues reached €136.1 Mn, which implies a 50.9% growth versus 2016, achieving similar growth in investment b
Slide 3: I. Executive summary (ii)
I. Executive summary (ii) 2017 has been a year of growth and delivery for our clients, investors and shareholders High value added advisory services for our clients 186 transactions advised in 2017, of which more than 40% have been cross border Ranked 3rd independent advisor in Europe in 20171
Slide 4: II. Record net profit of €30.2Mn achieving a 20.7% growth vs. last year (i)
II. Record net profit of €30.2Mn achieving a 20.7% growth vs. last year (i) Net revenues for 2017 FY Net revenues by division for 2017 FY Breakdown of Asset Management (€’000) (€’000) revenues by type (€’000) 43,152 +50.9% 136,127 136,127 1,276 Performance fees 13,848 Total AM 43,152 28,064 +114.5%
Slide 5: II. Record net profit of €30.2Mn achieving a 20.7% growth vs. last year (ii)
II. Record net profit of €30.2Mn achieving a 20.7% growth vs. last year (ii) 2017 FY net profit breakdown1 Net profit from the fee Total attributable net profit (€’000) business 2017 FY (€’000) 2017 FY (€’000) 3,765 26,588 +20.7% 30,230 30,230 +68.5% 26,588 (122) 25,055 15,781 Fee business Portfolio
Slide 6: III. High growth in profits compatible with growth in expenses
III. High growth in profits has been compatible with growth in expenses due to new teams and activities and an increase in variable remuneration Total operating expenses 2017 FY (€’000) Breakdown of personnel expenses in 2017 FY (€’000) 99,189 +38.9% +48.8% 27,939 71,250 71,403 23,522 47,881 Other o
Slide 7: IV. Balance sheet as of 31st December 2017 continues to have a strong cash position
IV. Balance sheet as of 31st December 2017 continues to have a strong and steady cash position €’000 33,507 3,083 126,378 284,374 76,672 284,374 16,625 73,163 201,607 6,095 53,634 157,996 104,362 €27,459 – Portfolio €3,830 – Other non current financial assets €2,218 – Other financial assets Cash Oth
Slide 8: V. Shareholder's remuneration
V. Shareholder’s remuneration An interim dividend of 0.47 euros per share was paid on the 30th of November 2017, as distribution of 2017 result Alantra Board of Directors will propose to the Annual General Shareholders Meeting, which is expected to be held on the 25th of April, an additional pay
Slide 9: VI. 67% share price appreciation in 2017
VI. 67% share price appreciation in 2017 Evolution of Alantra’s share price vs comparable indices in 2017 Q3 2017 results Extraordinary Shares from capital published shareholders meeting increase start trading 195 Base 100: 01.01.2017 (26/10/2017) (21/11/2017) (20/12/2017) 190 185 2016 FY results H1
Slide 10: VII. Further steps towards becoming a leading global advisory and asset management business
VII. Further steps towards becoming a leading global advisory and asset management business in the mid-market, incorporating 30 senior professionals Reinforcing Strengthening our presence in the UK through Europe the integration with Catalyst CF New activities: Equities in Italy and Debt & Real L
Slide 11: VIII. Activity in the Investment Banking division (i)
VIII. Activity in the Investment Banking division I. High value added advisory services for our clients (i) Deals by product1 Deals by sector1 Rankings and awards Mergermarket’s Europe Ranking Strategic by deal count FY 2017 Debt Real Estate Infrastructure advisory Rank FY Value advisory Business 5%
Slide 12: VIII. Activity in the Investment Banking division (ii)
VIII. Activity in the Investment Banking division I. High value added advisory services for our clients (ii) Corporates Selected clients Financial Institutions Financial Sponsors 12
Slide 13: IX. Activity in the Asset Management division (i)
IX. Activity in the Asset Management division I. Strong performance of our asset management products (i) 1 Private Equity Two successful acquisitions Strong exits in PEF II and Solid performance of the by Alantra PEF III SBF III PEF II 70% stake in MD Moldes PEF II Leading manufacturer of 13% Entry
Slide 14: IX. Activity in the Asset Management division (ii)
IX. Activity in the Asset Management division I. Strong performance of our asset management products (ii) 2 Active Funds 3 Private Debt +40% growth in AuM versus December 2016 76% of the fund invested and 11 investments executed, out of which 2 have fully repaid the loan Significant scale u
Slide 15: IX. Activity in the Asset Management division (iii)
IX. Activity in the Asset Management division I. Strong performance of our asset management products (iii) 4 Real Estate 5 Wealth Management Significant growth in the Wealth Alantra ‘s Real Estate Investment Management division and Asset Management platform has completed the acquisition of +20.0% in
Slide 16: IX. Assets under Management as of 31st December 2017
IX. Activity in the Asset Management division II. Assets under Management as of 31st December 2017 Assets under Management (€Mn) Private Debt Real Estate 139 44 Active Funds 821 Wealth Management 1,603 Private Equity 1,370 Total Assets under Management1: €3,977 Mn Total fee-earning AuM: €3,192 Mn 1)
Slide 17: Annex
ANNEX 17 ALANTRA
Slide 18: I. Consolidated income statement for 2017 FY
Annex I. Consolidated income statement for 2017 FY € Thousand 31/12/2017 31/12/2016 % Net income Investment banking 91,699 60,990 50.4% Asset Management 43,152 28,064 53.8% Management Fees 29,304 21,608 35.6% Success Fees 13,848 6,456 114.5% Others 1,276 1,163 9.7% TOTAL Net income 136,127 90,217 50
Slide 19: II. Consolidated 2017 FY income statement by segment
Annex II. Consolidated 2017 FY income statement by segment € Thousand Investment Banking Asset Management Structure Portfolio Rest Consolidation Adjust. Total Group Total Group 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 2016 Net income 91,699
Slide 20: III. Consolidated balance sheet as of 31st December 17
Annex III. Consolidated balance sheet as of 31st December 2017 ASSETS LIABILITIES AND EQUITY € Thousand 31/12/2017 31/12/2016 Var. % € Thousand 31/12/2017 31/12/2016 Var. % EQUITY 207,702 189,860 9.4% SHAREHOLD ERS EQUITY 201,413 182,742 10.2% Capital 111,518 106,611 4.6% Share premium 94,138 92,062
Slide 21: IV. Glossary (i)
Annex IV. Glossary (i) Identified business segments “Business Segments” refer to each operating segment or component identified and classified as such by Alantra that (a) engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to
Slide 22: IV. Glossary (ii)
Annex IV. Glossary (ii) “Fee Business” is defined as the group or aggregate of the Investment Banking, Asset Management and Corporate segments which, as a whole, are referred to as the service provision businesses, whether those services be financial advisory or management, whose revenues material
Slide 23: IV. Glossary (iii)
Annex IV. Glossary (iii) “Recurring Net Profit”. The profit derived from the Group's recurring or ordinary activities, i.e., that generated by the Investment Banking, Asset Management and Portfolio segments. Recurring Net Profit is the sum of Fee Business Net Profit and Portfolio Net Profit. R
Slide 24: V. Disclaimer
Annex V. Disclaimer Alantra Partners, S.A. publishes this presentation solely and exclusively for information purposes. This presentation does not constitute an offer to subscribe, buy or sell securities issued by Alantra Partners, S.A., or any other securities in any jurisdiction. Any information a
Slide 25: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com 25