11 slides from Corestate Capital Holding Sa's earnings presentation, Feb 20, 2018
Slide 1: CORESTATE Capital Management Presentation Preliminary Results FY 2017
CORESTATE Capital Management Presentation Preliminary Results FY 2017 20 February 2018
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that involve a number of 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 that a
Slide 3: Highlights of Q4 2017
Highlights of Q4 2017 Delivered as promised 2017 guidance significantly outperformed Performance Solid and diversified deal sourcing pipeline increased to >€ 6bn to support organic growth Intention to double dividend to € 2.00 per share for FY 2017 (total dividends amounts ~ € 42m) Integrati
Slide 4: Preliminary Results of FY 2017
Preliminary Results of FY 2017 Key P&L figures 1) Comments (in € m) All financial and operational targets 2017 195m achieved or over-achieved Aggr. Revenues 2) amounts to € 195m 2017 guidance (€ 60m in FY 2016) corridor of 170-180m major impact from pro rata consolidation of strategic acquisitio
Slide 5: Hannover Leasing – Contributing Reliable Profits
Hannover Leasing – Contributing Reliable Profits Sustainable earnings progression from second half 2017 onwards Net profit – first consolidation in July 2017 (in € m) 4,6 5,3 0,4 (11,3) (17,8) (23,7) (22,4) (28,9) 2011 2012 2013 2014 2015 2016 3rd Quarter 4rd Quarter 2017 2017 Main driver for turnar
Slide 6: Synergy Case Study – Proving the Platform’s Business Model
Synergy Case Study – Proving the Platform’s Business Model Transaction In January 2018, CORESTATE acquired five micro living project developments in Germany The projects’ seller and developer is CG Gruppe AG Fund investor Product design Asset sourcing which was sourced by HFS The product and t
Slide 7: Supervisory Board Appoints New Group CEO
Supervisory Board Appoints New Group CEO Dr. Michael Bütter as new CEO from 1 May 2018 − More than 18 years expertise in real estate and corporate governance, studied law and economics − Currently CEO of Immobilien Scout and member of the management board of Scout24 as well as supervisory board me
Slide 8: Outlook 2018 & Key Levers
Outlook 2018 & KEY LEVERS ASSUMPTIONS − FY 2018 includes ATOS which was acquired in Q4 2017 − High client demand for attractive risk return profiles in real estate niche markets (micro-living, highstreet, mid-size cities) − Guidance FY 2018 does not reflect any impact from further M&A and increasing
Slide 9: Appendix – The CORESTATE Share
Appendix – The CORESTATE Share Broker recommendations with average target price € 69 (100% Buy) Share price evolution Price (€) Volume (‘000) 30% 36% 32% 54% 38% 60 180 €77 160 55 €68 €69 €65 €66 140 50 120 45 100 40 80 35 60 30 40 25 20 20 0 13-Feb-18 7-Feb-18 15-Jan-18 7-Dec-17 27-Nov-17 Feb-17 Ap
Slide 10: Appendix – Update on Integration of Key Shared Services
Appendix – Update on Integration of Key Shared Services Completion Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Comments A B A. Integration to a great extent accomplished (in Q1 2018) Sales / Investment / AM 100% Implementation of SAP and new treasury management system HR 100% completed in all subsidiaries
Slide 11: Financial Calendar 2018 Investor Contact
Financial Calendar 2018 20 Feb 2018 Preliminary result of FY 2017 13 Mar 2018 Publication annual financial report 2017 27 Apr 2018 Annual General Meeting 15 May 2018 Publication Q1 financial report 14 Aug 2018 Publication H1 financial report 06 Sep 2018 Capital Markets Day 13 Nov 2018 Publication Q3