Corestate Capital Holding Sa · XETR:CCAP
Corestate Capital Holding Sa — Merger or Acquisition (January 2021)
17 slides from Corestate Capital Holding Sa's merger presentation, Jan 15, 2021
Slide 1: Creating a Leading Real Estate Financing Platform
Aggregate Financial Services Creating a Leading Real Estate Financing Platform January 15th 2021 René Parmantier, CEO | Lars Schnidrig, CFO | Sebastian Ernst, AFS | Johannes Märklin, AFS | Dr. Kai Klinger, CMO
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL. This present
Slide 3: Corestate Announces Acquisition of Aggregate Financial Services as Core Component of Private Debt Strategy
Corestate Announces Acquisition of Aggregate Financial Services as Core Component of Private Debt Strategy ▪ Credit markets are currently constrained and disrupted, especially in higher risk asset classes, which opens an exceptional market opportunity to acquire Aggregate Financial Services (“AFS”)
Slide 4: AFS will Join Forces with Helvetic Financial Services (HFS), Corestate's Private Debt Business
AFS will Join Forces with Helvetic Financial Services (“HFS”), Corestate’s Highly Profitable Private Debt Business The post-COVID limited risk appetite in the banking market provides René Parmantier great opportunities for enlarging and deepening of our real estate Chief Executive Officer and financ
Slide 5: German Real Estate and Debt Market Update
German Real Estate and Debt Market Update A Global Flight to Safety and Structural Undersupply Driving Demand for German Real Estate Structural Supply/Demand Imbalance for Residential Stock Investment Returns 700 Completions ('000) Government target rate ('000) % p.a. 10 Rental yields, new dwellings
Slide 6: German Real Estate and Debt Market Update (Continued)
German Real Estate and Debt Market Update (Continued) Rationalization of Lending has Created Opportunities for Alternative Financing Solutions in the Real Estate Debt Market European Real Estate Debt Fundraising LTV and Margins for Existing Properties Mezzanine Financing in Germany Cumulative capita
Slide 7: AFS Team Joining Management Board with Extensive Real Estate Private Debt Experience
AFS Team Joining Management Board with Extensive Real Estate Private Debt Experience Sebastian Ernst Johannes Märklin Managing Partner Managing Partner ▪ The management of AFS has extensive experience in the international capital market business ▪ Before founding AFS, the team held various managemen
Slide 8: AFS is a BaFin-Regulated Securities Trading Bank with a Wide Spectrum of Offerings
AFS is a BaFin-Regulated Securities Trading Bank with a Wide Spectrum of Offerings ▪ Financing advice on small to mid-size tickets ▪ Advice on takeovers, mergers and sales Corporate 1 Finance ▪ Support and strategic advice for corporate clients CORPORATES INVESTORS ▪ Highly flexible, agile and indep
Slide 9: Track Record of AFS Growth
Track Record of AFS Growth Guidance FY21 € 2.4 m (Revenue 2018) € 20.8 m (Revenue 2019) € 25 – 30 m (Revenue 2021E) € 1.1 m (EBITDA 2018) € 12.9 m (EBITDA 2019) € 15 – 20 m (EBITDA 2021E) July 2018 May 2019 August 2020 Commencement of BaFin licence as financial BaFin licence as a securities business
Slide 10: Enhanced Real Estate Debt Offering for our Clients to go with our Diversified Product Line-up
Enhanced Real Estate Debt Offering for our Clients to go with our Diversified Product Line-up Equity Product Range Debt Product Range Products \ Debt Advisory Residential City Quarters Office Logistics Micro Living Senior Whole Mezzanine and Loan Loan Structuring Return1 3.5%-4.5% 3.5%–5% 3.5%–4% 4%
Slide 11: Strong Synergies Unlocked Through Acquisition
Strong Synergies Unlocked Through Acquisition ▪ Combination with AFS will accelerate fund raising for HFS mezzanine funds and whole loan with new target fund size of € 2 bn+ 1 HFS Fund Expansion ▪ The joined platform will significantly diversify the current debt value chain from the mezzanine busine
Slide 12: Significant Growth in Corestate's Debt Funds through AFS Integration
Significant Growth in Corestate’s Debt Funds through AFS Integration Mezzanine Funds Showing Strong Organic Growth Acquisition of AFS Accelerates our Real (in bn€) Estate Debt Strategy 2,3 ▪ Grow mezzanine funds size/volumes c 2,1+ to € 2 bn+ 2,1 c 2,0 ▪ Increase customer base for mezzanine 1,9 c 1,
Slide 13: The Combination Creates Value for Shareholders with a Compelling Business Rationale and Financial Impact
The Combination Creates Value for Shareholders with a Compelling Business Rationale and Financial Impact ▪ Adds scale and diversification through new real estate debt advisory and structuring business line ▪ Access to additional counterparties and investors to cross sell all Corestate products ▪ Fur
Slide 14: Fundamental Value of AFS in Excess of € 170 m
Fundamental Value of AFS in Excess of € 170 m Financial Rationale Shares 8.5 m + 1.5 m = 10 m Over the next ✓ Expansion of Corestate debt product three years € 10 m synergies ✓ Earnings accretive + c 50%1 AFS’s EBITDA € 20 m 2021E ✓ € 10 m of annual run rate synergies2 € 15 m Guidance ✓ Supportive f
Slide 15: Outlook on Corestate's Operations: 2021 Upswing Driven by Fundamentals and a Prosperous Private Debt Sector
Outlook on Corestate’s Operations: 2021 Upswing Driven by Fundamentals and a Prosperous Private Debt Sector Long-term Market Trends Intact and Highly Supportive for Organic Growth Prospects ▪ Real estate markets will gain momentum through 2021 on the backdrop of more visibility on post-COVID scenari
Slide 16: Appendix: The Competitive Advantage of AFS
Appendix: The Competitive Advantage of AFS ▪ Structure individual financing solutions for each transaction ▪ Experience with promissory notes, bonds, bank loans and private debt ▪ Guide financing parties through ▪ Ability to combine senior loans, entire financing process mezzanine financing and (pre
Slide 17: IR Contact and Financial Calendar 2021
IR Contact and Financial Calendar 2021 Investor Contact Financial Calendar 2021 Dr. Kai G. Klinger 24 February Publication preliminary results for FY 2020 Chief Markets Officer Phone: +49 69 3535630-106 24 March Annual financial report 2020 ir@corestate-capital.com 28 April Annual General Meeting 19
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