24 slides from Mpc Munchmeyer Petersen Capital's earnings presentation, Feb 27, 2025
Slide 1: FY 2024 Preliminary Results Presentation
27 February 2025 FY 2024 PRELIMINARY RESULTS PRESENTATION Constantin Baack (CEO), Dr Philipp Lauenstein (CFO)
Slide 2: Forward-Looking Statements / Preliminary Figures
FORWARD-LOOKING STATEMENTS / PRELIMINARY FIGURES MPC Capital AG Certain information and statements shared in this document, including financial estimates and comments about our plans, expectations, beliefs, or business prospects, and other information and statements that are not historical in nature
Slide 3: MPC Capital at a glance
INVESTMENT MANAGER AND OPERATOR OF MARITIME AND ENERGY INFRASTRUCTURE MPC Capital at a glance € 5.1bn Assets under Management (FY 2024) € 20+ bn invested across asset classes 30 years of track record in real asset investments Listed at Frankfurt stock exchange since 2000 | Company Presentation Intro
Slide 4: Agenda
AGENDA 1. Company Update 2. Financial Highlights 3. Outlook 4. Q&A | FY 2024p Results Presentation | 4
Slide 5: Company Update
MPC CAPITAL Company Update Offshore Survey and Service Vessel Investment Vehicle: MPC Offshore | |
Slide 6: FY 2024 in a nutshell
FY 2024 IN A NUTSHELL » Total Income Co-Investment Income EBT New strategic shareholder (in EUR million) Transaction Fees (in EUR million) Management Fees supports refined strategy, focusing on maritime and energy infrastructure +27% 72.3 55.9 24.5 » 19.3 Focused platform expansion Recurring managem
Slide 7: Execution on refined strategy in 2024
EXECUTION ON REFINED STRATEGY IN 2024 Focused expansion of activities in maritime & energy infrastructure space Addition of energy-efficient container vessels Sizeable renewable projects in LATAM Growth in » Various second-hand transactions, including projects with long-term » Start of construction
Slide 8: Solid AuM growth drives recurring management fees
SOLID AUM GROWTH DRIVES RECURRING MANAGEMENT FEES AUM DEVELOPMENT (IN EUR BN) AUM HIGHLIGHTS 1.1 0.4 0.4 5.1 +24% 270 Increase in AuM (yoy) Individual assets in management 0.4 Zeaborn 4.1 0.7 acquisition effect EUR 1.5 bn Transaction volume* 31 Dec 2023 Additions Revaluations Exits 31 Dec 2024 *Tran
Slide 9: Financial Highlights
Tilawind farm, Tilarán, Costa Rica Investment Vehicle: MPC Caribbean Clean Energy Fund MPC CAPITAL Financial Highlights | |
Slide 10: EBT uplift driven by growth in management fees, transaction fees and co-investment income
EBT UPLIFT DRIVEN BY GROWTH IN MANAGEMENT FEES, ROBUST TRANSACTION FEES AND CO-INVESTMENT INCOME SIMPLIFIED P&L (IN EUR M) P&L HIGHLIGHTS - FY 2024P FY 2023 FY 2024p Management fees Transaction fees 30.5 7.0 34.8 6.2 +14% +27% Other revenues 0.4 2.0 Increase in Management fees (yoy) Increase in EBT
Slide 11: Strong balance sheet facilitates growth ambitions
STRONG BALANCE SHEET FACILITATES GROWTH AMBITIONS SIMPLIFIED BALANCE SHEET STRUCTURE (IN EUR M) BALANCE SHEET HIGHLIGHTS - FY 2024P 31 Dec 2023 31 Dec 2024p Co-investment portfolio Cash position 67.1 61.1 96.2 33.2 EUR 131m 81% Other assets 23.9 32.0 Book equity Equity ratio Total assets 152.1 161.4
Slide 12: Co-investment portfolio successfully reached scale
CO-INVESTMENT PORTFOLIO SUCCESSFULLY REACHED SCALE ASSET VALUE ASSET CLASSES INVESTMENT STRATEGY Value of co-investment portfolio (FY 2024) Co-investment portfolio (FY 2024, book value) Co-investment portfolio (FY 2024, book value) Maritime Infrastructure Long-term (yield-driven) +61% Accounting at
Slide 13: Convincing co-investment track record
CONVINCING CO-INVESTMENT TRACK RECORD CO-INVESTMENT EXITS CO-INVESTMENT TRACK RECORD* Number of exits since 2014 until 2024 by realized IRR performance 10 31 Exits ~28% No. of exited investments IRR on exits (weighted) 7 7 3.2 years Average holding period 4 3 negative > 0% - 10% > 10% - 20% > 20% -
Slide 14: Dividend proposal underlines balanced capital allocation approach
DIVIDEND PROPOSAL UNDERLINES BALANCED CAPITAL ALLOCATION APPROACH DIVIDEND PER SHARE (IN EUR) DIVIDEND DETAILS % Dividend Yield* 6.3% Tax-free Supplemental Dividend Regular Dividend (according to dividend policy) Average dividend yield since 2021 Dividend paid from tax contribution account*** 4.0% 6
Slide 15: New majority shareholder backs MPC Capital's growth ambitions
NEW MAJORITY SHAREHOLDER BACKS MPC CAPITAL’S GROWTH AMBITIONS SHAREHOLDER STRUCTURE SHARE PRICE DEVELOPMENT (IN EUR) Thalvora Holdings GmbH 26% 7,00 35.2m MPC Capital Freefloat shares 6,00 SDAX 74% 5,00 RESEARCH COVERAGE 4,00 » Hauck Aufhäuser Research BUY EUR 8.80 3,00 » Montega Research BUY EUR 7.
Slide 16: Outlook
MPC CAPITAL Outlook Santa Rosa & Villa Sol solar photovoltaic (PV), El Salvador Investment Vehicle: MPC Energy Solutions | |
Slide 17: Strong fundament and strategic positioning provide basis for profitable growth
STRONG FUNDAMENT AND STRATEGIC POSITIONING PROVIDE BASIS FOR PROFITABLE GROWTH ASSETS UNDER MANAGEMENT (EUR BN) 5.1 Structural growth markets +12% p.a. Investment requirements in energy transition Refined strategy 3.6 with focus on Maritime and Energy Infrastructure 1.7 Healthy base facilitates grow
Slide 18: Selected infrastructure themes and focus areas
SELECTED INFRASTRUCTURE THEMES AND FOCUS AREAS …with significant potential to further expand the investment and service activities. Established Themes New Growth Themes Commercial Power Offshore Maritime Other Maritime Transport Generation Service Vessels Decarbonization Energy Topics Container Dry
Slide 19: Guidance 2025
GUIDANCE 2025 REVENUE (IN EUR M) EBT (IN EUR M) Transaction Fees Management Fees 25-30 Other 43-47 43.0 24.5 2.0 37.9 36.5 0.4 6.2 19.3 0.3 7.0 7.0 14.8 29.2 30.5 34.8 2022 2023 2024p 2025e 2022* 2023 2024p 2025e *Adjusted for one-off profit from the sale of Dutch real estate business. | FY 2024p Re
Slide 20: Outlook
OUTLOOK On track and in line with the refined strategy Growth trajectory of +10% in AuM and revenue in line with the refined strategy Well-filled pipeline Successful AuM ramp-up expected to continue in 2025 Solid financial base Financial strength creates ample flexibility for growth paired with disc
Slide 21: Q&A
Monte Plata 76 MWp PV plant, Dominican Rebublic Investment Vehicle: MPC Caribbean Clean Energy Fund MPC CAPITAL Q&A | |
Slide 22: FY 2024 Preliminary Results Presentation
27 February 2025 FY 2024 PRELIMINARY RESULTS PRESENTATION Constantin Baack (CEO), Dr Philipp Lauenstein (CFO)
Slide 23: Investor Relations Contact & Financial Calendar
INVESTOR RELATIONS CONTACT & FINANCIAL CALENDAR Stefan Zenker FINANCIAL CALENDAR 2025 Head of Investor Relations + 27 March 2025 MPC Capital AG Publication Annual Report 2024 + August 2025 Palmaille 67 22767 Hamburg Hamburger Investorentage + 31 March 2025 D +49 40 380 22 - 43 47 Quirin Champions Co
Slide 24: Disclaimer
DISCLAIMER This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous 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 or