Mci Capital Alternatywna Spolka Inwestycyjna S.a. · GPW:MCI

Mci Capital Alternatywna Spolka Inwestycyjna — MCI Capital — Q4 2014 Earnings Presentation

19 slides from Mci Capital Alternatywna Spolka Inwestycyjna's earnings presentation, Mar 10, 2015

  1. Slide 1: MCI Capital Group's performance after Q4 2014

    MCI Capital Group’s performance after Q4 2014 Warsaw, 10 March 2015

  2. Slide 2: We met the NAV/share forecast in 99.7%

    We met the NAV/share forecast in 99.7% FINANCIAL RESULTS  Net assets per share in 2014 = PLN 16.46 (increase by 34% y/y) – Increase in net asset value per share (PLN) 2014 forecast was PLN 16.5/share 16.46 15.69 16.14  PLN 1.37 billion investment certificates at the end of 2014 (increase by 16% y/

  3. Slide 3: Valuation of MCI Management is increasing

    Valuation of MCI Management is increasing

  4. Slide 4: Consolidated net profit of PLN 264.8 million, IRR 23.6% at the end of 2014

    Consolidated net profit of PLN 264.8 million, IRR 23.6% at the end of 2014 Basic financial data 2014 2014 2013 y/y change consolidated net profit PLN 264.8 million MCI share price PLN 12.86 * PLN 9.6 +34% capitalisation PLN 807 m* PLN 600 m +34% consolidated balance sheet amount PLN 1 223.5 million

  5. Slide 5: Increase in the net value of assets (NAV) of MCI funds

    Increase in the net value of assets (NAV) of MCI funds MCI’s share NAV (million PLN) Components of NAV change in the period (million PLN) change of 31.12.2014 31.12.2014 31.12.2013 NAV change new issuances buy-out dividends others valuation MCI.EV 98.81% 730.4 352.5 377.9 235.2 - 66.9 74.5 1.3 MCI.T

  6. Slide 6: Selected consolidated financial data of the MCI Group

    Selected consolidated financial data of the MCI Group from 01.01.2014 from 01.01.2013 Consolidated profit and loss account Change of value % change to 31.12.2014 to 31.12.2013 Profit on fund management (profit of PEManagers) 22,442 74,559 -52,117 -69% Increase in net profit by PLN 78.6 m Profit on i

  7. Slide 7: Investment strategy

    Investment strategy Objectives: internet / digital – ecommerce, Fintech, SaaS, IoT, Digital Home, AdTech, digital media Area: Poland / the Czech Republic / Slovakia / Baltic countries Investment value: up to EUR 1.5 m EARLY STAGE Fund Manager: Tomasz Danis / Tomasz Czechowicz Case: 3-5x cash + possi

  8. Slide 8: PLN 237.8 million in new investments in the business year 2014

    PLN 237.8 million in new investments in the business year 2014 Company Sector Investment premises Country Leader of Polish internet portals, clear business model, successful WP Best Polish internet portal Poland advertising medium, very good management team Largest alternative fixed-line operator in

  9. Slide 9: Current portfolio

    Current portfolio POLAND NAV (1999 – 2014) 1370 28% CAGR 1087 830 763 788 418 303 237 117 71 74 33 41 55 35 39 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 Consolidated net assets DACH (1999 – 2014) 1032 28% 763 CAGR 572 498 526 266 207 155 CIS 24 50 41 23 25 55 15 16 99 00 01 02 03 04 05 06 07 0

  10. Slide 10: Assets by sectors: e-Commerce, marketplaces

    Assets by sectors: e-Commerce, marketplaces Portfolio (current and past) Value added  Access to specialist knolwedge and e-Commerce / networks of contacts Marketplaces  Strategy:  Building regional leaders (Mall.cz, Invia.cz, e-Fashion ABC Data)  Strategy development and value creation (ABC Data

  11. Slide 11: Assets by sectors: SaaS, Cloud Computing, FinTech, IoT

    Assets by sectors: SaaS, Cloud Computing, FinTech, IoT Portfolio (current and past) Value added  Support for M&A processes SaaS / Cloud  Support for recruitment of key managers and Computing management  Support for sector, market and geographical business development  Support for acquiring next

  12. Slide 12: MCI.EuroVentures' investment portfolio

    MCI.EuroVentures’ investment portfolio VALUATION DIVIDEND PAID OUT INVESTED RESOURCES SHARE IN THE FUND’S COMPANY in PLN million VALUATION METHOD IN 2014 (in PLN million) PORTFOLIO (31.12.2014) (in PLN million) Market value of the 262 116.8 35.9% 27.7 shares Market value of the 110.5 83.6 15.2% shar

  13. Slide 13: MCI.EuroVentures 1.0's portfolio companies

    MCI.EuroVentures 1.0’s portfolio companies ABC DATA share price (from 01.03.2014) 2014 performance published on 19 March 2015 100,0 EBITDA ABC Data (in PLN million) 80,0 60,0 40,0 79.6 61.8 58.8 20,0 43.4 0,0 2011 2012 2013 Q1-Q3 2014  Company’s valuation potential – over PLN 1 billion  15.63 mill

  14. Slide 14: MCI.EuroVentures 1.0's portfolio companies

    MCI.EuroVentures 1.0’s portfolio companies FINANCIAL RESULTS (in million TRY) 2014 2013 change Revenues 2,195 1.615 35.9% EBITDA 55.7 45.8 21.6% Net debt 0.4 - 0.7 - 157% Net profit 25.3 5.3 377.3% EV/EBITDA 6.1 3.9 56.4% Źródło: www.Bloomberg.com 1 Year: +64.79% NETIA SHARE PRICE (from 01.03.2014)

  15. Slide 15: Portfolio of selected investments of MCI.TechVentures 1.0

    Portfolio of selected investments of MCI.TechVentures 1.0 VALUATION INVESTED RESOURCES SHARE IN THE FUND’S VALUATION METHOD COMPANY in PLN million (in PLN million) PORTFOLIO (discount ca. 15-30%) (31.12.2014) Invia 145.8 46.3 20.5% Relative valuation Relative valuation KupiVIP 44.7 49.2 6.2% + prefe

  16. Slide 16: Investment portfolio of Helix Ventures Partner, Internet Ventures and MCI.CreditVentures 2.0

    Investment portfolio of Helix Ventures Partner, Internet Ventures and MCI.CrediVentures 2.0 VALUATION INVESTED SHARE IN THE ITEM in PLN million RESOURCES VALUATION METHOD FUND’S PORFOLIO (31.12.2014) (in PLN million) 1.7 2.2 8.7% DCF 4.8 3.0 23.9% Last comparable transaction 3.7 3.2 18.4% DCF 6.4 1.

  17. Slide 17: IPO Private Equity Managers S.A.

    IPO Private Equity Managers S.A.  We are expecting that the Polish Financial Supervision Authority will approve the prospectus within the next  Sources of income include: fixed management fee (1-3.5% few days of the asset value for managing the assets) and carried interest of 25% of the profit ove

  18. Slide 18: Business assumptions for 2015

    Business assumptions for 2015  funds whose cerificates MCI holds are planning new investments in 2015 of about PLN 400 mln  the net value of assests per share is forecasted at PLN 19.75 at the end of 2015 with the following IRR assumed: • Net IRR of MCI.EuroVentures 1.0 – 16% • Net IRR of MCI.Tech

  19. Slide 19: Disclaimer

    Disclaimer  This presentation is not an offer within the meaning of the law.  This presentation has been prepared using the best knowledge of MCI Management SA and as of the publication date it contains up-to-date data. MCI Management SA Warsaw Financial Center ul. Emilii Plater 53, 00-113 Warsaw

MCI Capital — Q4 2014 Earnings Presentation on 6ix