Icg Plc · LSE:ICG
Icg — Intermediate Capital Group — Investor Day (June 2021)
19 slides from Icg's investor day presentation, June 2021
Slide 1: Chris Nichols – Head of Sale and Leaseback
CHRIS NICHOLS – HEAD OF SALE AND LEASEBACK JUNE 2021 PRIVATE AND CONFIDENTIAL
Slide 2: PRIVATE AND CONFIDENTIAL
• • • PRIVATE AND CONFIDENTIAL 2
Slide 3: EMEA Sale and Leaseback Volumes in Context
Sale and Leaseback Market iCG EMEA Sale and Leaseback Volumes in Context 2020 EMEA Sale & Leaseback Investment Volumes! €27.0bn (c. 11% of total market volume) €22.6bn €4.4bn a Kk ee SF” a |ii~
Slide 4: PRIVATE AND CONFIDENTIAL
• • • • PRIVATE AND CONFIDENTIAL 4
Slide 5: Pipeline Breakdown (Jan-20 to Dec-20)
Sale and Leaseback Market ICG Pipeline Breakdown (Jan-20 to Dec-20) 421 / €35.2bn opportunities originated (67% on market / 33% off market) 329 / €26.5bn declined 92 / €8.7bn on pipeline for analysis (25% of total by value) 13 / €1.5bn deals still on pipeline Source: As at 15 December 2020 PRIVATE A
Slide 6: Q1 2021 Pipeline
Sale and Leaseback Fund iCG Q1 2021 Pipeline €20bn urce: ICG as at 31 March 2021
Slide 7: Fund Commitments vs. Equity Invested
Sale and Leaseback Fund iCG FUND COMMITMENTS VS. EQUITY INVESTED 900 100 01/12/2019 01/03/2020 01/0 20 01/09/ ™FundCommitments ™ Invested & Committed Source: ICG as at 31 March 2021, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS AND NO REPRESENTATION IS MADE THAT RESULTS SIMILAR TO T
Slide 8: The Portfolio - Sector and Geographical Allocations
Sale and Leaseback Fund The Portfolio - Sector and Geographical Allocations iCG GEOGRAPHY SECTOR — “e 16% = i Source: ICG as at 26 May 2021,PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS AND NO REPRESENTATION IS MADE THAT RESULTS SIMILAR TO THOSE SHOWN CAN BE ACHIEVED. PRIVATE AND CON
Slide 9: Fund Overview
Sale and Leaseback Fund iCG Overview 13.0% PROJECTED GROSS IRR 19.3-YEAR WALT 21.9% ANNUAL RETURN €129M' VALUATION UPLIFT VS. PURCHASE Source: ICG as at 31 March 2021." yoy uplift on existing 2020 investments together with the increase in valuation versus purchase price of 2021 investments. PAST RES
Slide 10: Returns
Sale and Leaseback Fund iCG RETURNS 14.00% 12.00% 2% 4.00% ‘ojected Leverage IRR Net Projected Unleveraged IRR MSCI Avg. retrun 2018-2020 Source: |CG as at 31 March 2021, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS AND NO REPRESENTATION IS MADE THAT RESULTS SIMILAR TO THOSE SHOWN C
Slide 11: Distributions vs. Dividend Yields
Sale and Leaseback Fund iCG DISTRIBUTIONS VS. DIVIDEND YIELDS 7.00% 4.5% 0.00% ICG Distribution WP Carey dvd yield Realty Income dvd Source: |CG as at 31 March 2021, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS AND NO REPRESENTATION IS MADE THAT RESULTS SIMILAR TO THOSE SHOWN CAN BE
Slide 12: Eroski — Six Hypermarkets in Basque Region of Spain
The Portfolio Eroski — Six Hypermarkets in Basque Region of Spain iCG TRANSACTION SUMMARY Business Plan Credit enhancement as a result of Eroski’s continued corporate deleveraging IRR 12.6% Purchase Price €106m MM 2.0x Latest Valuation €119m EBITDAR/Rent 3.3x Summary * Business plan on track * Inves
Slide 13: INNIO - Two Production Plants in Austria and Canada
The Portfolio INNIO - Two Production Plants in Austria and Canada iCG TRANSACTION SUMMARY Business Plan Credit enhancement when sponsor exits business either via trade sale or IPO IRR 13.3% Purchase Price €152m MM 2.4x Latest Valuation €182m EBITDAR/Rent 30x Summary * Business plan on track * Invest
Slide 14: Raadiku — Nine Apartment Blocks in Tallinn, Estonia
The Portfolio Raadiku — Nine Apartment Blocks in Tallinn, Estonia TRANSACTION SUMMARY iCG Asset management — extend lease to 20-years and subdivide property into Business Plan . IRR 12.8% smaller units Purchase Price €144m MM 1.9x Latest Valuation €150m EBITDAR/Rent N/A Summary * Business plan on tr
Slide 15: Syngenta — R&D/Production Facility in Enkhuizen, Netherlands
The Portfolio ICG Syngenta — a R&D/Production Facility in Enkhuizen, Netherlands syngenta TRANSACTION SUMMARY : : ; : Business Plan Credit enhancement when business IPO’s and asset management funding IRR 11.0% extensions/refurbs Purchase Price €100m MM 1.6x Latest Valuation €100m EBITDAR/Rent 24.6x
Slide 16: Jaguar Land Rover - Five prime logistics warehouses in the UK
The Portfolio Jaguar Land Rover - Five prime logistics warehouses in the UK iCG Business Plan Exit two of the warehouses at practical completion, taking advantage of strong demand for built assets and smaller lot-sizes. Hold the residual three units IRR 15.5% before exit in year five post-Jaguar Lan
Slide 17: Valuations versus purchase price up by €145m
Valuations versus purchase price up by €145m Total returns for the year are 21.9% ~€500m of investments either under offer or well advanced PRIVATE AND CONFIDENTIAL 17
Slide 18: Additional Important Information
Oy yeas . iCG Additional Important Information Note 1 - Target Returns: The target returns presented herein are hypothetical in nature, are not a guarantee of future performance and are shown for illustrative, informational purposes only. Target IRRs are calculated based on assumed gross proceeds (a
Slide 19: 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
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