Corestate Capital Holding Sa · XETR:CCAP
Corestate Capital Holding Sa — Investor Presentation (December 2022)
8 slides from Corestate Capital Holding Sa's investor presentation, Dec 16, 2022
Slide 1: Investor Update
INVESTOR UPDATE 16 DECEMBER 2022
Slide 2: Disclaimer
DISCLAIMER Any actual financial information not specifically identified herein is Glossary not to be considered a forecast or guidance but should be considered as forward-looking statements. € = Euro; (F)Y = (financial) $ = (US)Dollar; year(s); This presentation contains forward-looking statements t
Slide 3: Tight Near-Term Liquidity – Bridge Financing Required to Maintain Liquidity
TIGHT NEAR-TERM LIQUIDITY – BRIDGE FINANCING REQUIRED TO MAINTAIN LIQUIDITY 13-week direct cash flow forecast (free liquidity 1)2 ▪ Currently tight liquidity in m€ situation, in particular in 40 35 Bank balances Corestate’s main entities 4, 30 34.7 (Temporarily) trapped / reflects urgent requirement
Slide 4: Monthly Liquidity Planning until 2026
MONTHLY LIQUIDITY PLANNING UNTIL 2026 Monthly integrated cash flow forecast (free liquidity 1)2, before prepayments in m€ 160.0 ▪ Provided that key cash inflows, in 140.0 5 5 particular disposal of Gießen and 120.0 5 new money from bondholders 100.0 4 2 3 97.9 (25m€ in two tranches), can be 80.0 59.
Slide 5: Overview of Key Restructuring Measures
OVERVIEW OF KEY RESTRUCTURING MEASURES 1 Direction of impact Project Effect (m€)2 2023 2024 2025 2026 Status 15.4 / 24.4 / 27.5 / 29.8 / Personnel cost reduction 16.5 41.0 68.5 98.3 Structural optimisation Restructuring of corporate Addresses req. of agreed fin. restructuring, structure no direct fi
Slide 6: Planned Projected Project Volume and Fees from Selected New Business
PLANNED PROJECTED PROJECT VOLUME AND FEES FROM SELECTED NEW BUSINESS1 Transaction volume (m€) Fees (m€) 27 1,545 1,320 19 800 12 548 7 2023 2024 2025 2026 2023 2024 2025 2026 Until 2026 revenues from selected new business of 65m€ in fee income and accumulated project volume of 4.3bn€ 1) Based on res
Slide 7: Summary of Key Terms of Term Sheet Agreed during Creditors' Assembly
SUMMARY OF KEY TERMS OF TERM SHEET AGREED DURING CREDITORS’ ASSEMBLY • To be exchanged for: Existing Notes − 100m€ New OpCo Notes; to extent possible, debt pushdown of amount to Corestate Capital Group GmbH (“CCG”) − c. 148.0m shares / 81.25% of post-restructuring equity of CCHSA1 • Maturity: 30-Dec
Slide 8: Pre- and Post-Restructuring Debt Capital Structure Summary
PRE- AND POST-RESTRUCTURING DEBT CAPITAL STRUCTURE SUMMARY Debt capital structure summary in m€ Transaction steps Amount Swapped Swapped Amount pro-forma Instrument outstanding Coupon for new Notes for equity New money for transaction 2022 Convertible Notes 188 1.375% Cash (39) (150) - - 1 4 2023 No
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