MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (February 2022)
26 slides from MPC Munchmeyer Petersen Capital's investor presentation, February 2022
Slide 1: MPC Capital AG – Managing Real Assets
MANAGING REAL ASSETS |→ |→ 02 04 // 2022 2019 MPC CAPITAL AG
Slide 2: Agenda and disclaimer
MANAGING REAL ASSETS |→2 MPC CAPITAL AG AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2021 10 4. FINANCIALS 2021 13 5. OUTLOOK 17 6. APPENDIX 20 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 initiating market-leading Investment Vehicles in real asset niche markets Total AuM1): €4.9bn ~ 300 assets + Operating Gro
Slide 4: Agenda
|→4 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2021 10 4. FINANCIALS 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 5: The MPC Capital Universe
MANAGING REAL ASSETS |→ 5 THE MPC CAPITAL UNIVERSE ≤100% INVESTMENT 0-10% MANAGER OPERATING INVESTMENT COMPANIES VEHICLES 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 REAL ESTATE SHIPPING RENEWABLES PLATFORMS + Residential + Container vessels + Wind, Solar, PV + Office + Bulk carriers + Energy efficiency + Logistic and Light Industrial + Tankers OPERATI
Slide 8: Fee and Income Generation
DIVERSIFIED INCOME STREAMS FROM MANAGEMENT AND TRANSACTION SERVICES AND CO-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 cre
Slide 9: Agenda
|→9 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2021 10 4. FINANCIALS 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 10: Highlights 2021: Real Estate and Shipping
NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 10 HIGHLIGHTS 2021 REAL ESTATE SHIPPING EXIT OF DUTCH REAL ESTATE ACTIVITIES IN STRONG MARKET STRONG CONTAINER SHIPPING MARKETS MOMENTUM + Port congestions, hinterland congestions and equipment shortages push + Disposal of Cairn Rea
Slide 11: Highlights 2021: Renewables and Corporate
NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 11 HIGHLIGHTS 2021 RENEWABLES CORPORATE EXPANSION OF MPC CAPITAL’S RENEWABLE BUSINESS CORPORATE STRUCTURE AND COST MANAGEMENT + IPO of MPC Energy Solutions at Euronext Oslo with US$100m initial + Proportionate consolidation of joint
Slide 12: Agenda
| → 12 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2021 10 4. FINANCIALS 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 13: Assets Under Management (in €bn)
CROSSOVER 31 DEC 2020 TO 31 DEC 2021: INSTITUTIONAL VS. RETAIL BUSINESS | → 13 ASSETS UNDER MANAGEMENT (IN €BN) 1.1 0.2 COMMENTS 0.9 -1.1 0.6 + Institutional business accounts for 82% of total 4.9 AuM 0.6 -1.1 4.4 0.9 + Assets attributable to institutional business in (18%) the amount of €0.6bn have
Slide 14: 2021 Key Financials – P&L Highlights
INCREASED PROFITABILITY | → 14 2021 KEY FINANCIALS – P&L HIGHLIGHTS REVENUE EBT COMMENTS in €m in €m + Expected drop in revenue is due to the strategic development of the MPC Capital Group structure (proportionate consolidation 50.5 of joint venture companies) 3% 25% 2.7 10.7 + Strong fourth quarter
Slide 15: 2021 Key Financials – Balance Sheet Highlights
SOLID BALANCE SHEET FACILITATES FURTHER EXPANSION OF THE CO-INVESTMENT PORTFOLIO | → 15 2021 KEY FINANCIALS – BALANCE SHEET HIGHLIGHTS EQUITY / TOTAL BALANCE CO-INVESTMENT PORTFOLIO ALLOCATION 2018 – 2021 (in €m/%) Excl. minorities (in %), pro forma as of 31 Dec 2021 151 140 127 135 113 23% Real Est
Slide 16: Agenda
| → 16 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2021 10 4. FINANCIALS 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 17: Strong Fundamentals to Further Develop the Platform
MPC CAPITAL IS WELL POSITIONED TO CAPTURE STRUCTURAL GROWTH IN REAL ASSET MARKETS | → 17 STRONG FUNDAMENTALS TO FURTHER DEVELOP THE PLATFORM FACILITATE ACCESS TO ATTRACTIVE INVESTMENT … CATERING GLOBAL FUNDING REQUIREMENTS FOR OPPORTUNITIES ALONG INVESTORS’ DEMAND … FURTHER ACCELERATING TRENDS + Bal
Slide 18: Growth Objectives
MPC CAPITAL’S MAIN OBJECTIVE IS TO BECOME A LEADING MANAGER FOR REAL ASSETS IN SELECTED MARKETS | → 18 GROWTH OBJECTIVES GROWTH OBJECTIVES FINANCIAL TARGETS 1 Increase AUM and transaction business +€0.5 - 1.0bn new AUM per annum 2 Improve platform profitability EBT margin > 30% > 3 Income from inves
Slide 19: Agenda
| → 19 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS 2021 10 4. FINANCIALS 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 20: Track Record
INVESTMENT PROJECTS FOR INSTITUTIONAL CLIENTS | → 20 TRACK RECORD INSTITUTIONAL AUM BRIDGE SINCE 2016 (IN €BN) +0.6 4.1 +0.9 3.5 +0.5 3.6 -0.4 +1.0 +1.2 -1.1 +0.8 2.6 2.3 2.4 +0.1 +0.3 -0.3 1.7 +0.8 -0.8 -1.2 -0.1 -0.2 2016 2017 2018 2019 2020 2021 Institutional AuM Additions Revaluation Disposals
Slide 21: Financial Assets as of 31 December 2021
BALANCE SHEET | → 21 FINANCIAL ASSETS AS OF 31 DECEMBER 2021 CO-INVESTMENT PORTFOLIO Financial Current MPC Description Minorities Assets Assets Investment Real Estate 12,0 - (2,2) 9,9 Bajes Kwartier Residential development project in Amsterdam 5,4 - - 5,4 InTheCity Fund Dutch core office property fu
Slide 22: Financial Performance 2016 - 2021
INCOME STATEMENT AND BALANCE SHEET | → 22 FINANCIAL PERFORMANCE 2016 - 2021 INCOME STATEMENT (in €m) FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Revenue 53.8 47.3 42.7 46.8 50.5 42.31 Other operating income 11.9 22.7 12.5 9.7 9.9 16.4 Cost of materials / Cost of purchased services (in €m) Revenu
Slide 23: History and Track Record of MPC Capital
HISTORY AND TRACK RECORD OF MPC CAPITAL | → 23 INVESTMENT MANAGER WITH +25 TRACK RECORD The roots of MPC Münchmeyer Petersen & Co. GmbH go back more than 170 years to the year 1846. The trading companies Münchmeyer & Co. and R. Petersen & Co., which formerly operated independently of each other, ach
Slide 24: Management and Supervisory Board
| → 24 MANAGEMENT AND SUPERVISORY BOARD MANAGEMENT BOARD ULF HOLLÄNDER CONSTANTIN BAACK DR. PHILIPP LAUENSTEIN Chief Executive Officer Executive Board Member Chief Financial Officer Shipping Previously CFO of MPC Capital and Previously at MPC Container Ships positions at Hamburg-Süd Previously at Er
Slide 25: Capital Market Profile
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP | → 25 CAPITAL MARKET PROFILE SHAREHOLDER STRUCTURE SHARE PRICE AND MARKET CAP 3.5 8% MPC Group 35.2m Freefloat shares 49% 2.5 Market cap (in €m) 124 43% Thien & Heyenga Freefloat Market cap (in €m) 63 Share price
Slide 26: Investor Relations
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR | → 26 INVESTOR RELATIONS CONTACT FINANCIAL CALENDAR 2022 STEFAN ZENKER + 24 FEBRUARY 2022 HEAD OF INVESTOR RELATIONS Publication of Annual Report 2021 MPC MÜNCHMEYER PETERSEN CAPITAL AG + 27 APRIL 2022 Palmaille 67 Annual General Meeting, virtual