Alantra Partners SA · BME:ALNT
Alantra Partners SA — 9M 2017 Earnings Presentation
22 slides from Alantra Partners SA's earnings presentation, Oct 26, 2017
Slide 1: Results presentation for the first 9 months of 2017
Results presentation for the first 9 months of 2017 26th October 2017
Slide 2: I. Executive summary
I. Executive summary I. Alantra continues with its international expansion, while consolidating the growth in earnings (i) Results for Net profit of the Alantra Group grew by 15.3%, reaching €19.4 Mn in the first 9 months of the year the first 9 This growth is mainly driven by the fee business g
Slide 3: I. Executive summary (ii)
I. Executive summary I. Alantra continues with its international expansion, while consolidating the growth in earnings (ii) Asset Management: Good performance of the funds, growth Investment Banking: Alantra strengthens its global presence in Assets under Management and new vehicles in fundraising a
Slide 4: Strong growth in revenues and net profit, mainly driven by the fee business (i)
II. Strong growth in revenues and net profit, mainly driven by the fee business (i) Net revenues for the first 9 months of Net revenues by division for the first 9 Breakdown of Asset Management 2017 (€’000) months of 2017 (€’000) revenues by type (€’000) 81,965 81,965 28,753 +74.3% Total AM +118.2%
Slide 5: Strong growth in revenues and net profit, mainly driven by the fee business (ii)
II. Strong growth in revenues and net profit, mainly driven by the fee business (ii) First 9 months of 2017 net profit breakdown1 Net profit of the fee business Total attributable net profit (€’000) 9M 2017 (€’000) 9M 2017 (€’000) +15.3% 3,614 19,413 16,273 474 +108.1% Fee business Portfolio Other r
Slide 6: Expenses have increased significantly due to the incorporation of new businesses and teams
III. Expenses have increased significantly due to the incorporation of new businesses and teams, and to the growth of the existing ones Total operating expenses in first 9 Breakdown of increase in personnel Breakdown of increase in other opex in months of 2017 (€’000) expenses in 9M ‘17 vs. 9M ‘16 9
Slide 7: The Group maintains its strong balance sheet as of 30th September 2017
IV. The Group maintains its strong balance sheet as of 30th September 2017 €’000 31,040 2,781 85,264 236,191 42,659 236,191 16,366 35,078 188,154 5,379 45,886 150,926 105,040 €26,454 – Portfolio €3,528 – Other non current financial assets €1,058 – Other financial assets Cash Other current Total curr
Slide 8: Alantra and Catalyst Corporate Finance combine to create a leading global advisory business (i)
V. Alantra and Catalyst Corporate Finance combine to create a leading global advisory business in the mid-market (i) Founded 19 years ago, Catalyst advises on M&A and debt transactions Based in London and with 2 regional offices in the UK, the firm has 40 Investment Banking professionals, of whi
Slide 9: Alantra and Catalyst Corporate Finance combine to create a leading global advisory business (ii)
V. Alantra and Catalyst Corporate Finance combine to create a leading global advisory business in the mid-market (ii) Alantra strengthens its Alantra UK, the brand under which the combined entity will operate after a transition period, will have a strong presence in Europe’s core financial market
Slide 10: Shareholder's remuneration
VI. Shareholder’s remuneration In the context of the Catalyst integration, a €16.5 Mn Comparison of the payments to shareholders (€/share) in the dividend distribution1 will be proposed last two years Since it has been agreed that the transaction’s effective economic date will be 30th June 2017, C
Slide 11: Activity in the Investment Banking division
VII. Activity in the Investment Banking division I. Alantra strengthens its global presence and maintains its intense activity in Europe and the US Greater critical mass in existing markets and a new advisory 106 transactions advised in the first 9 months of the year business in the UK +31% Alexandr
Slide 12: Selected recent transactions
VII. Activity in the Investment Banking division II. Selected recent transactions 12
Slide 13: Activity in the Asset Management division
VIII. Activity in the Asset Management division I. Good performance of the funds, growth in Assets under Management and new vehicles in fundraising as growth pillars 1 Private Debt As of 30th September 85% of Alteralia I, the first debt fund managed by Alantra, has been invested On October 4th,
Slide 14: Assets under Management as of 30th September 2017
VIII. Activity in the Asset Management division II. Assets under Management as of 30th September 2017 Assets under Management (€Mn) 1 Total Assets under Management2: €3,786 Mn Total fee-earning AuM: €3,037 Mn 1) As of September, AuM of Active Funds do not include the first closing of the QMC III fun
Slide 15: Annex
ANNEX 15 ALANTRA
Slide 16: Consolidated income statement for the first 9 months of 2017
Annex I. Consolidated income statement for the first 9 months of 2017 € Thousand 30/09/2017 30/09/2016 % Net income Investment banking 52,629 32,610 61.39% Asset Management 28,753 13,175 118.24% Management Fees 22,957 13,175 74.25% Success Fees 5,796 - - Others 583 1,249 (53.3%) TOTAL Net income 81,
Slide 17: Consolidated balance sheet as of 30th September 17
Annex II. Consolidated balance sheet as of 30th September 2017 ASSETS LIABILITIES AND EQUITY € Thousand 30/09/2017 30/06/2017 Var. % € Thousand 30/09/2017 30/06/2017 Var. % EQUITY 193.532 191.280 1,2% SHAREHOLD ERS EQUITY 189.918 186.934 1,60% Capital 106.611 106.611 - Share premium 79.761 79.761 -
Slide 18: Glossary (i)
Annex III. 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 19: Glossary (ii)
Annex III. 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 materia
Slide 20: Glossary (iii)
Annex III. 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.
Slide 21: Disclaimer
Annex IV. 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
Slide 22: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com 22