Tikehau Capital Sca · EURONEXT:TKO
Tikehau Capital Sca — Tikehau Capital — Q3 2020 Earnings Presentation
21 slides from Tikehau Capital Sca's earnings presentation, Nov 5, 2020
Slide 1: Tikehau Capital Q3 2020 AUM
TIKEHAU CAPITAL Q3 2020 AUM 5 NOVEMBER 2020
Slide 2: Disclaimer
DISCLAIMER By viewing or receiving or reading this Presentation (as such term is defined herein) or This Presentation contains forward looking statements about the Group and its attending any meeting where this Presentation is made, you agree to be bound by subsidiaries. These statements include fin
Slide 3: Disclaimer
DISCLAIMER This Presentation includes certain IFRS pro forma financial information about the investors, which will reduce returns and, in the aggregate, are expected to be Group. This pro forma financial information has been prepared on the basis of substantial. Actual returns will be substantially
Slide 4: A growing pan-European diversified asset management and investment firm
A GROWING PAN-EUROPEAN DIVERSIFIED ASSET MANAGEMENT AND INVESTMENT FIRM Founded in IPO in €27.2bn €2.8bn 11 570 2004 March 2017 of AuM1 of shareholders’ countries employees2 equity2 Recurring and predictable Strong shareholders’ equity revenues supporting the alignment of Asset interests between sha
Slide 5: Tikehau Capital is on track to deliver its targets
TIKEHAU CAPITAL IS ON TRACK TO DELIVER ITS TARGETS €bn Group Assets under Management 10.0 27.2 >35 6.4 2015 2016 30 Sept. 2020 2022 guidance €m Net operating profit from Asset Management 58.5 >100 3.5 (1.0) 2015 2016 FY 2019 2022 guidance Q3 2020 AUM PRESENTATION Tikehau Capital 5
Slide 6: Q3 2020 Highlights
Q3 2020 HIGHLIGHTS GROUP Further growth in AuM driven by solid fundraising Group AuM: €27.2bn at end-Sept. 2020, +12.0% over LTM and +6.0% in Q3 Asset Management AuM: €25.9bn at end-Sept. 2020, +16.5% over LTM and +7.9% in Q3 Asset Management Net New Money: +€4.2bn over LTM of which +€1.5bn in Q3 Ba
Slide 7: Group AUM by asset class €27.2bn
GROUP AUM BY ASSET CLASS GROUP +12.0% Group AuM over the last twelve months (+€2.9bn) Group AuM breakdown at end-September 2020 Direct Investments, €1.3bn Capital Markets Asset Management: €25.9bn of AuM at end-Sept. 2020 Strategies, +€3.7bn (+16.5%) over the last twelve months Private Debt, €3.9bn
Slide 8: +€1.5bn fundraising in Asset Management in Q3 20
+€1.5BN FUNDRAISING IN ASSET MANAGEMENT IN Q3 20 AM Solid fundraising over the quarter, higher than the amount raised over the first half of the year Asset management fundraising by quarter, and asset class €bn Fundraising by asset class (€m and % of total fundraising) 2.5 2.6 700 1,500 47% 150 (50)
Slide 9: Solid AUM growth in each asset class (1/2)
SOLID AUM GROWTH IN EACH ASSET CLASS (1/2) AM Private Debt €bn +4.7% First closing of TDL V with €220m of commitments 8.9 (including €60m from TKO balance sheet) 8.6 8.5 Novo 2020 fund with €55m €150m evergreen mandate granted to Tikehau Capital by a French institutional investor Launch of CLO VI wi
Slide 10: Solid AUM growth in each asset class (2/2)
SOLID AUM GROWTH IN EACH ASSET CLASS (2/2) AM Real Assets €bn +21.6% 10.2 Ongoing fundraising for Sofidy 9.2 8.4 Integration of Star America Infrastructure Partners − AuM of €583m as of end-September 2020 30-Sept-19 31-Dec-19 30-Sept-20 Capital Markets Strategies €bn +10.1% 3.8 3.9 Positive inflows
Slide 11: Strong Asset Management AUM progression
STRONG ASSET MANAGEMENT AUM PROGRESSION AM €bn +16.5% LTM +0.6 25.9 +0.1 LTM evolution 22.2 +4.2 (1.2) Sept. 2019 to Sept. 2020 30-Sept-19 Fundraising Distributions Market effect Change in scope 30-Sept-20 €bn +9.6% YTD +0.6 25.9 YTD evolution 23.6 +2.6 (0.8) (0.1) Dec. 2019 to Sept. 2020 31/12/2019
Slide 12: Direct Investments AUM evolution
DIRECT INVESTMENTS AUM EVOLUTION INVEST 1,683 1,337 6 62 (389) (25) Direct 1 2 3 4 Investments AuM €m 30/06/2020 New commitments Market effects Fin. Instruments Others 30/09/2020 in TKO funds 1 New commitments in Tikehau Capital’s funds, as per the Group’s strategy of alignment of interests (includi
Slide 13: Update on funds' activity | Private Debt
UPDATE ON FUNDS’ ACTIVITY | PRIVATE DEBT PRIVATE DEBT Exit Exit Exit Oct. 2020 Investment Oct. 2020 Oct. 2020 Specialized in the development, Leading player in testing, inspection and Integrated player providing comparison and manufacturing and sale of consumable certification brokerage services wit
Slide 14: Update on funds' activity | Private Equity
UPDATE ON FUNDS’ ACTIVITY | PRIVATE EQUITY PRIVATE EQUITY Investment Investment Investment T2 T2 Oct. 2020 Sept. 2020 Jan. 2020 Company specialized in manufacturing Italian-based leading manufacturer of Ireland-based global energy efficiency machines and presses along with stators and rotors for ele
Slide 15: Tikehau Capital's Real Assets platform
TIKEHAU CAPITAL’S REAL ASSETS PLATFORM REAL ASSETS A granular and diversified business line Real Assets AuM breakdown at end-Sept. 2020 Key figures at end-September 2020 4 Liquid funds & others 1 100% 100% 6% of Real Estate assets of Infrastructure assets Closed-end funds located in Europe located i
Slide 16: Closed-end funds: integration of Star America completed in July 2020
1 CLOSED-END FUNDS: INTEGRATION OF REAL ASSETS STAR AMERICA COMPLETED IN JULY 2020 Snapshot on Star America Fund II investments in 2020 An entrepreneurial story February 2020: Demand Power Active in mid-sized infrastructure assets 4 verticals: transport, social, environment, communication An institu
Slide 17: Permanent capital: successful rights issue completed by IREIT Global
2 PERMANENT CAPITAL: SUCCESSFUL REAL ASSETS RIGHTS ISSUE COMPLETED BY IREIT GLOBAL Snapshot on IREIT Global Example of IREIT’s portfolio assets Singapore-listed REIT investing in European real estate Managed by IREIT Global Group, jointly owned by Tikehau Capital and City Developments Limited (CDL)
Slide 18: SCPI: a resilient and complementary real estate investment platform
3 SCPI: A RESILIENT AND COMPLEMENTARY REAL ASSETS REAL ESTATE INVESTMENT PLATFORM Key highlights Solid performance for Sofidy’s main funds SCPI remain an attractive long-term investment solutions for retail clients in a persistently low-rate environment Clients subscribe to Sofidy’s investment solut
Slide 19: Confirmation of the Group's guidance
CONFIRMATION OF THE GROUP’S GUIDANCE The Group is on track to deliver its organic guidance Short-term guidance >€27.5bn(1) of total AuM at end-December 2020 Mid-term guidance >€35bn of total AuM by 2022 of operating profit for Asset Management >€100m activities by 2022 of investment portfolio compri
Slide 20: Q&A session
Q&A session Q3 2020 AUM PRESENTATION Tikehau Capital 20
Slide 21: Tikehau Capital
The information contained in this presentation is confidential and is for the exclusive use of the original listed recipient(s). The contents of this presentation are for TIKEHAU CAPITAL informational purposes only, and should not be regarded as an offer to sell or a solicitation of an offer to buy