MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (April 2021)
27 slides from MPC Munchmeyer Petersen Capital's investor presentation, April 2021
Slide 1: MPC Capital AG
MANAGING REAL ASSETS |→ |→ 04 04 // 2021 2019 MPC CAPITAL AG
Slide 2: Agenda
MANAGING REAL ASSETS |→2 MPC CAPITAL AG AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2020 10 4. FINANCIALS 2020 13 5. OUTLOOK 18 6. APPENDIX 21 This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous care and to the best of our kno
Slide 3: MPC Capital AG at a Glance
ASSET LIGHT MANAGEMENT SERVICES COMBINED WITH FOCUSED INVESTMENT APPROACH |→3 MPC CAPITAL AG AT A GLANCE BUSINESS OVERVIEW COMPANY STRUCTURE + Investment Manager and Co-Investor focused on niche areas in selected real asset markets Total AuM1): €4.4bn > 300 assets + Operating Group Companies with in
Slide 4: Agenda
|→4 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2020 10 4. FINANCIALS 2020 13 5. OUTLOOK 18 6. APPENDIX 21
Slide 5: The MPC Capital Universe
MANAGING REAL ASSETS |→ 5 THE MPC CAPITAL UNIVERSE ≤100% INVESTMENT 0-10% MANAGER OPERATING INVESTMENT COMPANIES VEHICLES ITC Fund Gateway Fund ESG Core Residential Fund + many more Funds and SPVs
Slide 6: Asset Light Business Model
INTEGRATED ASSET MANAGER AND CO-INVESTOR WITH FOCUS ON REAL ASSET MARKETS |→6 ASSET LIGHT BUSINESS MODEL RECURRING FEES FROM DEAL-DRIVEN TRANSACTION ATTRACTIVE RETURNS FROM MANAGEMENT SERVICES BUSINESS CO-INVESTMENTS + Focus on energy transition related strategies + Scalable management and corporate
Slide 7: Asset and Investment Management
STRONG VALUE PROPOSITION ALONG THE VALUE CHAIN IN THREE CORE ASSET SEGMENTS |→7 ASSET AND INVESTMENT MANAGEMENT CURRENT REAL ESTATE SHIPPING INFRASTRUCTURE + Container vessels PLATFORMS + Residential + Renewable energy + Bulk carriers + Commercial + Tankers OPERATIONS + Investment and asset manageme
Slide 8: Fee and Income Generation
DIVERSIFIED INCOME STREAMS FROM HANDS-ON ASSET MANAGEMENT SERVICES AND INVESTMENTS |→8 FEE AND INCOME GENERATION SOURCING/ MANAGEMENT EXIT STRUCTURING Unique access to Efficient and high-quality operational services Extensive experience in developing highly attractive assets Additional value creatio
Slide 9: Agenda
|→9 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2020 10 4. FINANCIALS 2020 14 5. OUTLOOK 19 6. APPENDIX 21
Slide 10: Highlights 2020 / Q1 2021
NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 10 HIGHLIGHTS 2020 / Q1 2021 REAL ESTATE SHIPPING THE NETHERLANDS JOINT VENTURE WITH WILHELMSEN SHIP MANAGEMENT (WSM) + Core: Sizeable increase of the Gateway Fund (Logistics and Light + Sale of 50 % of Ahrenkiel Steamship to WSM in
Slide 11: Highlights 2020 / Q1 2021
NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 11 HIGHLIGHTS 2020 / Q1 2021 INFRASTRUCTURE CORPORATE EXPANSION OF MPC CAPITAL’S RENEWABLE BUSINESS CORPORATE STRUCTURE AND COST MANAGEMENT + IPO of MPC Energy Solutions at Oslo Stock Exchange with USD 100m + Streamlining of cost ba
Slide 12: Agenda
| → 12 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2020 10 4. FINANCIALS 2020 13 5. OUTLOOK 18 6. APPENDIX 21
Slide 13: Assets Under Management (in €bn)
CROSSOVER 2019 TO 2020: INSTITUTIONAL VS. RETAIL BUSINESS | → 13 ASSETS UNDER MANAGEMENT (IN €BN) 0.0 0.5 -0.1 0.1 -0.2 COMMENTS 4.5 0.5 -0.4 4.4 1.0 -0.6 0.7 + Institutional business accounts for 84% of total (22%) (16%) AUM + Assets attributable to institutional business in the amount of €0.5bn ha
Slide 14: 2020 Key Financials – P&L Highlights
STRONG INCREASE IN TRANSACTION FEES | → 14 2020 KEY FINANCIALS – P&L HIGHLIGHTS REVENUE EBIT/EBT COMMENTS in €m in €m + Revenue growth and improved operating profitability: Operating profit (EBIT) rises from 50.5 €-3.8m (2019) to €1.5m (2020) 46.8 2.7 + Overall profitability affected by COVID-19- 2.
Slide 15: 2020 Key Financials – EBT Bridge
POSITIVE EBT 2020 REFLECTING IMPROVED OPERATING PROFITABILITY DESPITE COVID-19-RELATED WRITE-DOWNS | → 15 2020 KEY FINANCIALS – EBT BRIDGE EARNINGS BEFORE TAX - BRIDGE FY 2019 / FY 2020 COMMENTS in €m + Management Services: Significant expansion of Shipping business (incl. integration of tanker spec
Slide 16: 2020 Key Financials – Balance Sheet Highlights
INVESTMENT PORTFOLIO OF MPC CAPITAL AG HAS SIGNIFICANTLY INCREASED OVER THE LAST YEARS | → 16 2020 KEY FINANCIALS – BALANCE SHEET HIGHLIGHTS EQUITY CO-INVESTMENT PORTFOLIO ALLOCATION 2016 – 2020 (in €m/%) Excl. minorities (in %), pro forma as of Feb 2021 151 140 134 136 127 113 24% Real Estate 93 10
Slide 17: Agenda
| → 17 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2020 10 4. FINANCIALS 2020 13 5. OUTLOOK 18 6. APPENDIX 21
Slide 18: Energy Transition
SHIFT IN GLOBAL ENERGY CONSUMPTION LEADS TO SIGINIFICANT INCREASE OF INVESTMENT NEEDS |→ 18 ENERGY TRANSITION WORLD ELECTRICITY GENERATION CUMULATIVE INVESTMENTS, 2016-2050 Units: PWh/yr USD 26 tn Electrification and USD 20 tn 60 infrastructure Fossil fuels and other 50 40 18% 30 23% 20 10 110 USD t
Slide 19: Strategy and Growth Objectives
MPC’S MAIN OBJECTIVE IS TO BECOME A LEADING MANAGER FOR REAL ASSETS IN SELECTED MARKETS | → 19 STRATEGY AND GROWTH OBJECTIVES GROWTH OBJECTIVES FINANCIAL TARGETS 1 Increase AUM and transaction business +€0.5 - 1.0bn new AuM p.a. at improved margins 2 Improve platform profitability EBT margin > 30% >
Slide 20: Agenda
| → 20 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2020 10 4. FINANCIALS 2020 13 5. OUTLOOK 18 6. APPENDIX 21
Slide 21: Acquisitions
MPC CAPITAL INITIATED PROJECTS FOR INSTITUTIONAL CLIENTS | → 21 TRACK RECORD INSTITUTIONAL AUM BRIDGE SINCE 2016 (IN €BN) +0.3 +0.5 3.6 3.5 +0.1 -0.4 +1.0 +1.2 +0.8 2.6 2.3 2.4 +0.1 +0.3 -0.3 +0.8 -0.8 1.7 -0.2 -1.2 -0.1 2016 2017 2018 2019 2020 Institutional AuM Additions Revaluation Disposals DEAL
Slide 22: Project Pipeline
VISIBLE GROWTH THROUGH DETAILED PROJECT SHORT-LIST OF EUR 1.4BN | 22 PROJECT PIPELINE REAL ESTATE SHIPPING INFRASTRUCTURE Stage Volume (€m) Short List (%) Stage Volume (€m) Short List (%) Stage Volume (€m) Short List (%) SPA 90 16% SPA 0 0% SPA 88 17% Negotiations 160 29% Negotiations 251 86% Nego
Slide 23: Financial Performance 2015 - 2020
P&L AND BALANCE SHEET | → 23 FINANCIAL PERFORMANCE 2015 - 2020 INCOME STATEMENT (in €m) FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Revenue 47.8 53.8 47.3 42.7 46.8 50.5 Other operating income 8.6 11.9 22.7 12.5 9.7 9.9 Cost of materials / Cost of purchased services (in €m) Revenue Other operati
Slide 24: Financial Assets as of 31 Dec 2020
BALANCE SHEET | → 24 FINANCIAL ASSETS AS OF 31 DEC 2020 CO-INVESTMENT PORTFOLIO Financial Current MPC Description Minorities Assets Assets Investment Real Estate 27.7 - (3.1) 24.6 Bajes Kwartier Residential development project in Amsterdam 5.5 - - 5.5 InTheCity Fund Dutch core office property fund 5
Slide 25: Management Team
| → 25 MANAGEMENT TEAM SUPERVISORY BOARD DR. AXEL SCHROEDER JOACHIM LUDWIG DR. OTTMAR GAST Chairman of the Supervisory Board Member of the Supervisory Board Member of the Supervisory Board since 2015 since 2015 since 2018 Previously 15 years as CEO Executive Board member Previously CEO and Chairman
Slide 26: Capital Market Profile
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP | → 26 CAPITAL MARKET PROFILE SHAREHOLDER STRUCTURE SHARE PRICE AND MARKET CAP 8.0 8% 6.0 MPC Group 35.2m Freefloat 4.0 shares 48% 44% Thien & Heyenga Market cap (in €m) 83 2.0 Freefloat Market cap (in €m) Share p
Slide 27: Investor Relations
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR | → 27 INVESTOR RELATIONS CONTACT FINANCIAL CALENDAR 2020 STEFAN ZENKER + 25 FEBRUARY 2021 HEAD OF INVESTOR RELATIONS Publication of Annual Report 2020 MPC MÜNCHMEYER PETERSEN CAPITAL AG + 21 APRIL 2021 Palmaille 67 Annual General Meeting, virtual