MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (March 2023)
32 slides from MPC Munchmeyer Petersen Capital's investor presentation, March 2023
Slide 1: Committed to Create Value – Company Presentation
M arch 2023 COMMITTED TO CREATE VALUE Com pany Presentation
Slide 2: Content
CONTENT 1. Introduction 2. Business model and growth objectives 3. Highlights 2022 4. Financials 5. Outlook | Company Presentation Content | 2
Slide 3: Introduction
ne MPC CAPITAL [i Introduction
Slide 4: MPC Capital at a glance
COMMITTED INITIATOR, MANAGER AND CO-INVESTOR FOR REAL ASSET INVESTMENTS MPC Capital at a glance Investment management and co -investments € 4.2bn Assets under M anagement Broad range of hands-on management services € 20+ bn Three low-correlated real asset classes invested across asset classes 25+ ye
Slide 5: Active on a global scale, backed by Hanseatic family roots
ACTIVE ON A GLOBAL SCALE, BACKED BY HANSEATIC FAMILY ROOTS Global footprint, 11 offices on the ground 200 real assets 200 employees € 2.1bn* in selected m arkets around the world in 11 offices located close to our partners and projects transaction volume globally in 2022 * Inc luding EUR 1.2bn attri
Slide 6: Track record: investments for institutional clients
TRACK RECORD: INVESTMENTS FOR INSTITUTIONAL CLIENTS Institutional Assets under Management and co-investment performance since 2015 INSTITUTIONAL AUM (IN EUR BN) 11% CAGR 4.2 4.1 0.7 in Institutional AuM since 2015 3.5 3.7 3.7 € 1.5bn 2.5 Reduction in Average transaction volume per annum since 2015*
Slide 7: Essential investment needs meet proven business model
ESSENTIAL INVESTMENT NEEDS MEET PROVEN BUSINESS MODEL OF MPC CAPITAL Investment highlights COM PELLING M EGATRENDS ENERGY TRANSITION … as catalyst for sustainable growth Ideally positioned to participate across asset classes in the global energy transition ASSET-LIGHT BUSINESS M ODEL CASH GENERATION
Slide 8: Business Model
MPC CAPITAL Business Model | |
Slide 9: Equity Story of MPC Capital
WE LIVE WHAT WE CLAIM: MAKING THE DIFFERENCE AS AN INVESTMENT MANAGER Equity Story of MPC Capital COM PELLING M EGATRENDS IN ESTABLISHED GLOBAL PLAYER WITH A CREATING SUSTAINABLE VALUE FOR A ESSENTIAL INDUSTRIES B PROVEN BUSINESS M ODEL C CLIENTS AND SHAREHOLDERS Real Estate Strong pipeline Renewabl
Slide 10: We focus on global megatrends in fast-growing, essential markets
A WE FOCUS ON GLOBAL MEGATRENDS IN FAST-GROWING, ESSENTIAL MARKETS Growth drivers: Three robust real asset markets +40% +500% +300% World population growth Rising (renewable) energy Increasing global trade until 2050 consumption until 2050 volume until 2050 + Need for sustainable housing + The proje
Slide 11: Significant investments required to support global energy transition
A SIGNIFICANT INVESTMENTS REQUIRED TO SUPPORT GLOBAL ENERGY TRANSITION Breakdown of investment gap until 2030 in relevant asset classes, in USD bn REQUIRED SCALE-UP IN CAPITAL 2,056 Buildings USD 3,329 bn 1,105 1,018 816 842 1,345 Electricity USD 9,767 bn 736 127 100 4,436 Buildings Transport & 833
Slide 12: Our participation in the energy transition
A OUR PARTICIPATION IN THE ENERGY TRANSITION Recently initiated investment platforms Sustainable housing in Germany Clean energy for Latin America Green container vessels + Open-ended Special AIF + Initiation of investm ent platforms with focus m arkets + Container newbuildings featuring advanced de
Slide 13: Alternative fuels are at the core of the marine energy transition
A ALTERNATIVE FUELS ARE AT THE CORE OF THE MARINE ENERGY TRANSITION Deep dive on MPC Capital‘s role in the value chain Energy generation and Storage, blending, Ships operating production of alternative fuels transportation, and bunkering on alternative fuels To re ach IMO targ e t o f re ducing carb
Slide 14: Sourcing, structuring and managing extraordinary projects
B OUR BUSINESS: SOURCING, STRUCTURING AND MANAGING EXTRAORDINARY PROJECTS Integrated management setup to provide compelling returns across the risk -spectrum SOURCING STRUCTURING CO-INVESTM ENT M ANAGEM ENT Pipeline (as of Feb 2023) >AuM by investm ent vehicle Portfolio (book value) No. of em ployee
Slide 15: Diversified income streams along the investment process
C DIVERSIFIED INCOME STREAMS ALONG THE INVESTMENT PROCESS Value drivers of MPC Capital Recurring management fees Transaction and performance Returns from co-investments from excellent services fees from deal making and value creation + Asset m anagement fees + Acquisition and exit fees + Dividends +
Slide 16: Highlights 2022
MPC CAPITAL Highlights 2022 | |
Slide 17: Exiting Dutch activities and focus on sustainable investment strategies
EXITING DUTCH ACTIVITIES AND FOCUS ON Real Estate SUSTAINABLE INVESTMENT STRATEGIES Highlights 2022 M ARKET COMMENT + Interest rate environment and rising construction costs weigh on real estate m arkets SALE OF DUTCH ACTIVITIES + Sale of Cairn Real Estate with a book profit of EUR 16.5m closed in Q
Slide 18: Renewable energy projects in Latin America and the Caribbean
RENEWABLE ENERGY PROJECTS IN Renewables LATIN AMERICA AND THE CARIBBEAN Highlights 2022 M ARKET COMMENT + Strong global demand for renewable energy projects to m eet clim ate goals M PC ENERGY SOLUTIONS + M PC Capital Co-Investment: 20% + Current projects: >300 M Wp in M exico, Colombia, El Salvador
Slide 19: Energy transition provides vast variety of investment opportunities
ENERGY TRANSITION PROVIDES VAST VARIETY OF Shipping INVESTMENT OPPORTUNITIES Highlights 2022 M ARKET COMMENT + Challenging economic and geopolitical conditions, but charter rates above pre-pandemic levels and significant charter coverage + Strong demand for investments in sustainable m aritime infra
Slide 20: Financials
MPC CAPITAL Financials | |
Slide 21: Increased profitability & upgraded FY22 guidance
INCREASED PROFITABILITY & UPGRADED FY22 GUIDANCE 2022 Key financials – P&L highlights REVENUE (IN EUR M ) EBT (adj.*) (IN EUR M) COM MENTS + Strong set of financial figures across asset classes 25% 40% EBT m argin (adj.*) + Co-Investments contribute stable returns 42.3 31.2 + Drop in revenues due to
Slide 22: Solid balance sheet facilitates growth ambitions
SOLID BALANCE SHEET FACILITATES GROWTH AMBITIONS 2022 Key financials – balance sheet highlights BALANCE SHEET STRUCTURE (IN EUR M / IN %) CO-INVESTMENT PORTFOLIO ALLOCATION (IN %) Equity r atio Book values, as of 31 Dec 2022 150.8 Equity Real 134.6 Renewables 8% 123.2 T otal balance Estate 100.8 35%
Slide 23: Outlook
MPC CAPITAL Outlook | |
Slide 24: Our committed growth targets enable continuous expansion
OUR COMMITTED GROWTH TARGETS ENABLE A CONTINUOUS EXPANSION OF OUR BUSINESS Business drivers and growth objectives Targets achieved 2020 2021 2022 Increase AuM and transaction business EUR 0.5 – 1.0 bn of new AuM per annum Income from co-investment activities Blended IRR > 15% Improve platform profit
Slide 25: Appendix
MPC CAPITAL Appendix Cour | Tr 44 : 4 oF E = 3
Slide 26: We are invested in the future
WE ARE INVESTED IN THE FUTURE Our commitment to ESG ESG FIELDS OF ACTION WE ARE PART OF THE GLOBAL ESG CLUSTER Environment We are committed to advance the energy transition and to contribute a positive environmental impact with our environmental investments and corporate processes. Social ESG IS AN
Slide 27: Our co-investment portfolio
OUR CO-INVESTMENT PORTFOLIO Balance sheet: Financial assets as of 31 December 2022 (in EUR m) DESCRIPTION FINANCIAL ASSETS Real Est ate 5.5 Bajes Kwar tier R esidential development pr oject in Amster dam 3.1 Angelo Gor don D utch mix ed por tfolio deal 0.9 SHV I Ger man Micr o Liv ing development fu
Slide 28: Financial performance 2016 – 2022
FINANCIAL PERFORMANCE 2016 – 2022 Income statement & balance sheet (in EUR m) INCOME F Y 2016 F Y 2017 F Y 2018 F Y 2019 F Y 2020 F Y 2021 F Y 2022 STATEMENT Rev enue 53.8 47.3 42.7 46.8 50.5 42.3 36.5 Other oper ating income 11.9 22.7 12.5 9.7 9.9 16.4 26.5 Cost of mater ials / C ost of pur chased
Slide 29: Management and Supervisory Board
MANAGEMENT AND SUPERVISORY BOARD M ANAGEMENT BOARD SUPERVISORY BOARD Ulf Holländer Dr. Axel Schroeder Chief Executive Officer Chairman of the Supervisory Board Boar d member since 2000 Super v isory board member since 2015 With MPC Capital since 2000 F ounder of MPC C apital in 1994 Constantin Baack
Slide 30: Publicly listed since 2000 with long-term commitment by founding shareholder
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP Capital market profile SHAREHOLDER STRUCTURE SHARE PRICE SINCE 2021 (IN EUR) 3.5 M PC M ünchmeyer 47% Freefloat 53% Petersen & Co. Gm bH 2.5 +60% 1.5 2021 2022 2023 2021 2021 2022 2022 2022 2022 2023 2021 2021 202
Slide 31: IR contact, trading information & financial calendar
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR Investor relations Stefan Zenker FINANCIAL CALENDAR 2023 Head of Investor Relations + 2 February 2023 + 23-24 August 2023 MPC Mü n chmeyer Petersen C apital AG Warburg Investment Conference 10. Ham burger Investorentage Palmaille 67 “Klein aber fe
Slide 32: Disclaimer
DISCLAIMER This presentation and the information contained herein (“the Presentation”) have been c ompiled with m eticulous care and to the best of our knowledge. The Presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy any interest, shares