Alantra Partners SA · BME:ALNT
Alantra Partners SA — Q1 2018 Earnings Presentation
19 slides from Alantra Partners SA's earnings presentation, Apr 26, 2018
Slide 1: 2018 Q1 Results Presentation
2018 Q1 Results Presentation 26th April 2018
Slide 2: Alantra starts the year with revenue growth and increasing activity in both business divisions
I. Alantra starts the year with revenue growth and increasing activity in both business divisions Net revenues increased by 11.3% reaching €26.6 Mn in the first quarter of 2018 (vs. €23.9 Mn in the first quarter of 2017). The growth was mainly driven by the investment banking division (+14.5%) and
Slide 3: Net revenues increased by 11.3% reaching €26.6 Mn in Q1 2018
II. Net revenues increased by 11.3% reaching €26.6 Mn in Q1 2018 Net revenues for 2018 Q1 Net revenues by division for 2018 Q1 (€’000) (€’000) 26,580 26,580 28 23,892 23,892 200 7,854 7,366 Total AM +6.6% 18,698 16,326 Total IB +14.5% Q1 2017 Q1 2018 Q1 2017 Q1 2018 Investment Banking Asset Manageme
Slide 4: Decrease of net profit by 39.6% to €4.1 Mn
III. Decrease of net profit by 39.6% to €4.1 Mn, due to the absence of profits from the investment business and the increase of expenses 2018 Q1 net profit breakdown1 Net profit from the fee Total attributable net profit (€’000) business 2018 Q1 (€’000) 2018 Q1 (€’000) 116 3,986 4,077 6,749 (25) 5,0
Slide 5: Decrease of the fee business profit by 21% to €4.0 Mn due to increased expenses
IV. Decrease of the fee business profit by 21% to €4.0 Mn due to an increase of expenses by 18.8% Total operating expenses 2018 Q1 (€’000) Breakdown of personnel expenses in 2018 Q1 (€’000) +18.8% 21,922 +13.5% 15,475 18,453 13,629 6,447 4,824 Other opex 8,440 11,221 +33.6% Fixed +32.9% 15,475 13,62
Slide 6: A strong Balance sheet as of 31st March 2018
V. A strong Balance sheet as of 31st March 2018 €’000 261,136 52,256 261,136 39,301 2,770 129,193 15,722 71,400 202,814 6,066 36,653 131,943 95,290 €24,077 – Portfolio €10,004 – Monetary fund €4,075 – Other non current financial assets €1,145 – Other financial assets Cash Other current Total current
Slide 7: Shareholder's remuneration: 0.37€/share dividend to be paid in May
VI. Shareholder’s remuneration: 0.37€/share dividend to be paid in May On April 25th 2018, the General Shareholders Meeting approved an additional distribution of 0.37 euros per share, to be paid in may An interim dividend of 0.47 euros per share was paid on 30th November 2017, as distribution o
Slide 8: 12% share price appreciation in 2018YTD
VII. 12% share price appreciation in 2018YTD Evolution of Alantra’s share price vs. comparable indices since January 2017 Dividend payment announcement: 205 0.37 euros per share (27/02/2017) 200 195 Base 100: 01.01.2017 190 Q3 2017 results published 185 Q3 Rev.: €82.0Mn 180 1H 2017 results published
Slide 9: Activity in the investment banking division
VIII. Activity in the investment banking division I. 31 transactions advised in 2018YTD 31 transactions advised in 2018YTD1 New ECM team in Italy France - Best M&A Advisory firm in 16 M&A transactions Launch of Alantra Equities Italy, providing ECM services to Italian SMEs and further 2017 7 ECM dea
Slide 10: Activity in the asset management division
IX. Activity in the asset management division I. Growth in Assets under Management, new investments and divestments 1 Private Equity: four successful acquisitions by Alantra PEF III, having invested 41% of the fund until now Acquisition of Portuguese company ROQ, leading manufacturer of machinery an
Slide 11: Assets under Management as of 31st March 2018
X. Activity in the asset management division II. Assets under Management as of 31st March 2018 Assets under Management (€ Mn) Private Debt Real Estate 139 60 Active Funds 840 Wealth Management 1,521 Private Equity 1,370 Total Assets under Management: €3,930 Mn Total fee-earning AuM: €3,038 Mn 11
Slide 12: Annex
Annex 12 VA ALANTRA
Slide 13: Consolidated income statement for 2018 Q1
Annex I. Consolidated income statement for 2018 Q1 € Thousand 31/03/2018 31/03/2017 % Net income Investment banking 18,698 16,326 14.5% Asset Management 7,854 7,366 6.6% Management Fees 7,854 7,366 6.6% Success Fees - - - Others 28 200 (85.9%) TOT AL Net income 26,580 23,892 11.3% Ot her income - -
Slide 14: Consolidated balance sheet as of 31st March 2018
Annex II. Consolidated balance sheet as of 31st March 2018 ASSETS LIABILITIES AND EQUITY € Thousand 31/03/2018 31/12/2017 % € Thousand 31/03/2018 31/12/2017 % EQUIT Y 208,880 205,416 1.7% SHAREHOLD ERS EQUITY 206,713 202,922 1.9% Capital 111,518 111,518 0.0% Share premium 94,138 94,138 0.0% Reserves
Slide 15: Glossary (i)
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 to t
Slide 16: Glossary (ii)
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 materiali
Slide 17: Glossary (iii)
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. Re
Slide 18: Disclaimer
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 information
Slide 19: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com 19