Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — FY2019 Earnings Presentation
28 slides from Alantra Partners Sa's earnings presentation, Feb 26, 2020
Slide 1: 2019 FY Results Presentation
2019 FY Results Presentation 26th February 2020
Slide 2: Index
Index 1. Executive summary 2. Financials 3. Highlights of the year 4. Annex 2
Slide 3: 1. Executive summary
1. Executive summary ALANTRA
Slide 4: Alantra achieved solid growth in 2019, in revenues and net profit
1. Alantra achieved solid growth in 2019, both in revenues (+6.6%) 1.summary Executive and net profit (+14.7%) Net revenues increased by 6.6% reaching €214.2 Mn, driven by the growth in the investment banking division ▪ Net revenues from the investment banking division, which includes advisory on co
Slide 5: 2019 Business highlights
1. Executive summary 2. 2019 Business highlights Investment Banking Credit Portfolio Advisory Asset Management Acquisition of urbanData Analytics Upgrading Launch of new strategies (UDA) Tech company operating in the ▪ Alternative Real Estate (senior care & 161 deals €1.1 Mn Proptech segment, applyi
Slide 6: 2. Financials
2. Financials ALANTRA
Slide 7: Net revenues reach €214.2 Mn (+6.6% vs. last year)
2. Financials 1. Net revenues reach €214.2 Mn (+6.6% vs. last year) Net revenues for 2019 FY Net revenues by division for 2019 FY Breakdown of AM revenues by type (€’000) (€’000) (€’000) Performance Total AM fees -26.8% -41.8% Management Total IB fees +22.6% -12.1% ▪ Net revenues increased by 6.6% r
Slide 8: Operating expenses reach €171.3 Mn (+20.6%)
2. Financials 2. Operating expenses reach €171.3 Mn (+20.6%) Total operating expenses 2019 FY (€’000) Breakdown of personnel expenses in 2019 FY (€’000) Variable Other opex +7.2% +1.9% Fixed Personnel +26.0% +16.9% ▪ 59% of the increase in operating expenses is related to personnel expenses: ▪ 43.4%
Slide 9: Net Profit of €40.2 Mn (+14.7% vs. last year)
2. Financials 3. Net Profit of €40.2 Mn (+14.7% vs. last year) 2019 FY net profit breakdown Evolution of the net profit attributable to the parent (€’000) (€’000) 2018 FY 2019 FY +€29,981 – Investment Banking +€12,875 – Asset Management -€5,011– Group structure ▪ Net profit is made up of €37.8 Mn co
Slide 10: Strong balance sheet as of 31st December 2019
2. Financials 4. Strong balance sheet as of 31st December 2019 €’000 45,422 €39,102 – Portfolio €5,580 – Other non current financial assets €740– Other financial assets ▪ €211.2 Mn of shareholders’ equity attributable to the parent ▪ No financial leverage ▪ €95.9 Mn of cash and cash equivalents ▪ No
Slide 11: Strong shareholder remuneration policy
2. Financials 5. Strong shareholder remuneration policy ▪ An interim dividend on 2019 profit of 0.60 euros per share was paid on December 19th 2019 ▪ The Board will propose to the Shareholders’ Annual General Meeting, (to be held on April 29th), an additional payment of 0.44 euros per share ▪ If app
Slide 12: 2019 evolution of Alantra's share price
2. Financials 6. 2019 evolution of Alantra’s share price Evolution of Alantra’s share price vs comparable indexes during 2019 Var. 2019 FY 12.1% Alantra 11.7% IBEX 35 Dividend payment of Dividend payment of 0.41 euros per share 0.60 euros per share ( 13/05/2019) (19/12/2018) 10.4% IBEX S. Cap 5 sep-
Slide 13: 3. Highlights of the year
3. Highlights of the year 13 ALANTRA
Slide 14: Investment Banking highlights of the year
3. Highlights of 1. Investment Banking highlights of the year the year 1.1 Highlights of the year Expanding and reinforcing our global footprint and sector specialization 161 corporate finance deals advised in 2019 (+5% vs. 2018) Continued upgrading: €1.1 Mn M&A average fee (+16% vs. 2018) Deals by
Slide 15: Investment Banking highlighted transactions
3. Highlights of 1. Investment Banking highlights of the year the year 1.2 Highlighted transactions 2019 2019 2019 2019 2019 Alantra advises Wilbur Curtis, Alantra advised Aduno on Alantra advised a Chinese a US based leading coffee the sale of Cashgate, a Alantra advised Rite – Hite on entrepreneur
Slide 16: Credit Portfolio Advisory highlights of the year
3. Highlights of 2. Credit Portfolio Advisory highlights of the year the year 2.1 Highlights of the year Internationalization Acquisition of urbanData Analytics (UDA) New service offering ▪ CPA International, the KPMG team ▪ Acquisition of a majority stake in ▪ Strengthened the CPA senior team who j
Slide 17: Credit Portfolio Advisory highlighted transactions
3. Highlights of 2. Credit Portfolio Advisory highlights of the year the year 2.2 Highlighted transactions 2019 2019 2019 2019 2019 Project Cairo Project Pillar I Alantra acted as co-arranger Alantra advised a leading and financial lead advisor to Irish financial institution on Alantra advised Natio
Slide 18: Asset Management highlights of the year
3. Highlights of 3. Asset Management highlights of the year the year 3.1 Highlights of the year Launch of new strategies Good performance in 2019 ACP and Alantra Wealth Mgmt. ▪ Successful closings of ACP funds: Alternative Real Estate AM +17.9% ACP (fund of funds, co- ▪ Launch of senior care and co-
Slide 19: Fee-earning AUMs
3. Highlights of 3. Asset Management highlights of the year the year 3.2 Fee-earning AUMs Fee earning AUM of direct investments +€24 Mn + €291 Mn Fee earning AUM +€28 Mn (vs. last year) +€229 Mn +€9 Mn Total fee-earning direct investments AUM: €2,263 Mn 1) From consolidated businesses 19
Slide 20: 4. Annex
4. Annex 20 ALANTRA
Slide 21: Consolidated income statement for 2019
Annex 4. Annex I. Consolidated income statement for 2019 12/31/2019 12/31/2018 % 165,234 134,760 22.6% 47,520 64,942 (26.8%) 28,750 32,703 (12.1%) 18,770 32,239 (41.8%) 1,479 1,188 24.5% 214,233 200,890 6.6% 1250.0% (118,388) (101,240) 16.9% (66,204) (52,553) 26.0% (52,184) (48,687) 7.2% (36,507) (3
Slide 22: Consolidated 2019 FY income statement by segment
Annex 4. Annex I. Consolidated 2019 FY income statement by segment Investment Banking Asset Management Structure Portfolio Rest Consolidation adjustments Total Group Total Group 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 1
Slide 23: Consolidated balance sheet as of 31st December 2019
Annex 4. Annex II. Consolidated balance sheet as of 31st December 2019 ASSETS LIABILITIES AND EQUITY 23
Slide 24: Glossary (i)
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 relating t
Slide 25: Glossary (ii)
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 materi
Slide 26: Glossary (iii)
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 Profit. ▪
Slide 27: Disclaimer
4. Annex IV. 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 informati
Slide 28: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com 28