Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — Q1 2020 Earnings Presentation
23 slides from Alantra Partners Sa's earnings presentation, Jun 4, 2020
Slide 1: 2020 Q1 Results Presentation
2020 Q1 Results Presentation 4th June 2020
Slide 2: Q1 2020 highlights
I. Q1 2020 highlights Net revenues reached €43.5 Mn (+18.4% vs Q1 2019), driven by the growth of the financial advisory business1 (+44.8%) ▪ Increase in net revenues from corporate finance & capital markets (+30.5%) and credit portfolio advisory (+193.9%), and decrease in net revenues from the asset
Slide 3: Our response to COVID-19 and how it will impact our business
II. Our response to COVID-19 and how it will impact our business Protect the safety of all Alantra stakeholders and ensure business continuity: 1 no impact on our service to clients and investors ▪ Between January and March 2020, all Alantra professionals have progressively started to work remotely,
Slide 4: Key highlights of the business activity YTD
III. Key highlights of the business activity YTD Corporate Finance & Capital Markets Credit Portfolio Advisory Asset Management Strategic business achievements Strategic business achievements Direct investments ▪ The Group has raised €70 Mn 2020 YTD despite the market turmoil caused by COVID-19 Inco
Slide 5: Successful closing of Alantra AM's transaction with Grupo Mutua (i)
IV. Successful closing of Alantra AM’s transaction with Grupo Mutua Alantra Asset Management welcomes Grupo Mutua as its partner of reference to accelerate its growth plan (i) 1 Key terms of the transaction ▪ The transaction entails a contribution of €45 Mn to Alantra Asset Management and the creati
Slide 6: Successful closing of Alantra AM's transaction with Grupo Mutua (ii)
IV. Successful closing of Alantra AM’s transaction with Grupo Mutua Alantra Asset Management welcomes Grupo Mutua as its partner of reference to accelerate its growth plan (ii) 3 Structure Grupo Mutua Alantra Partners 50.01% 24.73% 20% 80% Corporate Finance & Credit Portfolio Alantra WM Alantra Asse
Slide 7: Net revenues reached €43.5 Mn (+18.4% vs. Q1 2019)
V. Net revenues reached €43.5 Mn (+18.4% vs. Q1 2019) Net revenues for 2020 Q1 Net revenues by division for 2020 Q1 Breakdown of AM revenues by type (€’000) (€’000) (€’000) 43,524 Total AM (45.2%) 43,524 2 36,756 10,637 5,824 Alantra WM 36,756 90 Total FA 1,749 fees n.a. +44.8% 6,707 10,637 Performa
Slide 8: Operating expenses reach €37.9Mn (+23.4% vs. Q1 2019)
VI. Operating expenses reach €37.9Mn (+23.4% vs. Q1 2019) Total operating expenses 2020 Q1 (€’000) Breakdown of personnel expenses in 2020 Q1 (€’000) 40 , 00 35 , 00 37,943 29,415 30 , 00 1,684 30,756 6,844 22,540 Other opex1 25 , 00 1,650 Variable 10,375 6,566 +3.8% 20 , 00 +55.6% 6,669 15 , 00 29,
Slide 9: Net Profit attributable to the parent of €4.5Mn (-13.5% vs. Q1 2019)
VII. Net Profit attributable to the parent of €4.5Mn (-13.5% vs. Q1 2019) 2020 Q1 net profit breakdown1 Evolution of the net profit attributable to the parent (€’000) (€’000) 186 4,519 3,858 475 Fee business Portfolio Other result Net profit attributable to the parent ▪ Decrease in the net profit at
Slide 10: Strong Balance sheet as of 31st March 2020
VIII. Strong Balance sheet as of 31st March 2020 €’000 43,434 170,778 315,341 315,341 2,464 93,446 38,540 86,340 211,567 10,328 144,563 46,588 97,975 €37,139 – Portfolio €5,166 – Other non current financial assets €1,129 – Other financial assets Cash and cash Other current Total current Intangible I
Slide 11: Strong shareholder remuneration policy
IX. Strong shareholder remuneration policy ▪ An interim dividend on 2019 profit of 0.60 euros per share was paid on December 19th 2019 ▪ The Board of Director’s has approved the 2019 annual accounts and decided to propose to the Annual Shareholder’s Meeting, that will take place in October, the paym
Slide 12: Corporate Finance & Capital Markets activity
X. Corporate Finance & Capital Markets activity Incorporation of a cloud services and 41 closed deals 2020YTD (same as last year) software specialized advisory team in the US ▪ 31 M&A transactions ▪ Industrials (37%) ▪ 2 new MDs in San Francisco, 1 MD in New York and an associate in Boston ▪ 5 debt
Slide 13: Credit portfolio advisory activity
XI. Credit portfolio advisory activity Strengthening of the European team and opening Highly international activity of new offices in China and Brazil ▪ 9 closed deals 2020YTD1 in Spain, Portugal, UK and Greece ▪ 4 new MDs in UK, Greece, Portugal and Latam ▪ Median fee above €1 Mn ▪ Opening of new o
Slide 14: Asset management activity
XII. Asset management activity 1 Direct Investments: €70 Mn raised 2020 YTD despite the market turmoil caused by COVID-19 Private ▪ 1st closing of the Real Estate Debt fund with over €30 Mn raised and a target size of €150 Mn Debt ▪ Alteralia II (direct lending fund) ranked in March among the Top 5
Slide 15: Assets under Management as of 31st March 2020
XIII. Assets under Management as of 31st March 2020 Fee earning AUM’s of direct investments Real Estate 162 Deuda Privada Active Funds 288 715 Private Equity 568 Total fee-earning direct investments AUM’s: €1,733Mn 15
Slide 16: Annex
Annex 16 ALANTRA
Slide 17: Consolidated income statement for 2020 Q1
Annex I. Consolidated income statement for 2020 Q1 31/03/2020 31/03/2019 % 37,698 26,029 44.8% 30,991 23,747 30.5% 6,707 2,282 193.9% 5,824 10,637 (45.2%) 5,824 6,209 (6.2%) - 2,679 (100.0%) - 1,749 (100.0%) 2 90 (97.8%) 43,524 36,756 18.4% (96.2%) (29,415) (22,540) 30.5% (19,040) (15,871) 20.0% (10
Slide 18: Consolidated balance sheet as of 31st March 2020
Annex II. Consolidated balance sheet as of 31st March 2020 ASSETS LIABILITIES AND EQUITY 18
Slide 19: Glossary (i)
Annex 4. 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 rela
Slide 20: Glossary (ii)
Annex 4. 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
Slide 21: Glossary (iii)
Annex 4. 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 Pro
Slide 22: Disclaimer
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 and foreca
Slide 23: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com 23