Corestate Capital Holding Sa · XETR:CCAP

Corestate Capital Holding Sa — 9M 2019 Earnings Presentation

13 slides from Corestate Capital Holding Sa's earnings presentation, November 2019

  1. Slide 1: Management Presentation: Results for the First Nine Months of 2019

    Management Presentation Results for the First Nine Months of 2019 Lars Schnidrig, CEO & Dr. Kai Klinger, CMO

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that are subject to various risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainties and contingencies tha

  3. Slide 3: Highlights of Q3-2019

    Highlights of Q3-2019 Solid 2019 Performance In-line with Budgets and Seasonal Targets  >7% organic growth on RE AuMs in 2019  On track to deliver on our guidance with detailed transaction roadmap in Q4  Institutional client base extended significantly in H2  Next important steps in European ass

  4. Slide 4: Assets under Management – Another Record High

    Assets under Management – Another Record High Assets under Management Sourcing Pipeline  +7.2% net organic growth in RE AuMs in 2019  Strong deal pipeline with seasonal  STAM acquisition will add € 1.9bn in AuMs tailwind towards year’s end rally  Planned decrease in non-Real Estate AuMs of € -0.

  5. Slide 5: Real Estate Debt – Highly Diversified with a Focus on Favourable Locations

    Real Estate Debt – Highly Diversified with a Focus on Favourable Locations Uses of Mezzanine Funds at the End of Q3-2019  Total committed fund volume: c € 1.25bn Retail  Predominantly German residential (>70%) 16% 61  # of financed projects: 61 Residential projects 71% Office  Ø size of mezzanin

  6. Slide 6: Overview HFS Stratos Funds

    Overview HFS Stratos Funds Historic Mezzanine Fund Volumes Stable Investor Base 1.400 1,251 1,155 Pension Funds 12% Investment 1.200 1,108 Insurers Funds 8% 962 23% 1.000 758 Others3) 800 7% c 70 600 414 institutional 400 clients 200 2014 2015 2016 2017 2018 2019 12,8% 13,2% 12,7% 12,0% 11,1% 13% Co

  7. Slide 7: Revenue Streams incl. Bridge to FY2019 Guidance

    Revenue Streams incl. Bridge to FY2019 Guidance 9M Revenue Split-Up vs. FY2019e (in m€ )  Implies 2-3bn gross AuM growth in 2019 24 45-50 Acquisition rel. fees  >20 client transactions in Q4  Stable performance with slight increases 65 90-100 Asset & property mgt. in H2 from new funds and annual

  8. Slide 8: Solid Financials – With Typical Seasonal Footprints

    Solid Financials – With Typical Seasonal Footprints Key P&L Figures 9M-2019 (in m€) Aggr. Revenues 185.6 100%  Seasonality showing impact on our cost ratios, incl. Expenses from RE Investment Mgt. -61.9 33.4% temporarily higher OpEx ratio (c 45.6%) mainly due to accrued expenses for upcoming transa

  9. Slide 9: Key Balance Sheet Figures – Powered by Customer Needs

    Key Balance Sheet Figures – Powered by Customer Needs Debt Overview at the End of Sept 2019 (in m€) 598 116  Significant reduction of the short-term utilization Bank & 114 of balance sheet for warehousing and client other Debt (incl. € 56m in exposure warehousing 482  Financial leverage at 2.8x*;

  10. Slide 10: Financial Outlook

    Financial Outlook Guidance 2019 Confirmed Aggr. Revenues* € 285 - 295m EBITDA € 165 - 175m Adj. Net Profit € 130 - 140m Sneak Peak 2020  Guidance FY2020 will be provided on 25 February 2020  Promising perspectives from operations: new investors, concrete product initiatives/pipeline and strong mar

  11. Slide 11: Appendix – Nine Months 2019 Profit & Loss Statement

    Appendix – Nine Months 2019 Profit & Loss Statement (€ m) 9M-2019 9M-2018 Revenue from Acquisition Related Fees 24 31.7 Revenue from Asset and Property Management 103.6 99.1 Revenue from Promote and Sales Fees realized 0 0 Revenue from Real Estate Investment Management 127.3 131 Management expenses

  12. Slide 12: Appendix – Balance Sheet as of September 2019

    Appendix – Balance Sheet as of 30 September 2019 (€ m) 30 Sept 2019 31 Dec 2018 Non-Current Assets Goodwill 567.1 567.1 Intangible Assets 115.2 132.4 Investment in Associates and Joint Ventures 116.3 88 Total Non-Current Assets 1.083.3 984.9 Current Assets Inventories 115.7 91.8 Structured Assets he

  13. Slide 13: IR Contact and Financial Calendar

    IR Contact and Financial Calendar 2019 Investor Contact Financial Calendar 2020 Dr. Kai G. Klinger 25 February Publication preliminary results for FY 2019 Chief Markets Officer 24 March Annual financial report 2019 Phone: +49 69 3535630-106 ir@corestate-capital.com 29 April Annual General Meeting 12

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