Tinc Nv · EURONEXT:TINC
Tinc Nv — Investor Presentation (June 2023)
47 slides from Tinc Nv's investor presentation, Jun 30, 2023
Slide 1: Investor Presentation
Investor Presentation June 30, 2023
Slide 2: Disclaimer
Disclaimer • This presentation does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of TINC nor should it or any part of it form the basis of or be relied on in connection with
Slide 3: Creating sustainable value by investing in infrastructure
Creating sustainable value by investing in the infrastructure for the world of tomorrow TINC
Slide 4: About TINC
About TINC Investment trends Participations have several TINC invest in companies that realise of characteristics in common and operate infrastructure LC Low-carbon world Capital-intensive investments in assets with a long-term character Listed on Euronext Brussels Digitisation Building Back Better
Slide 5: TINC is inspired by significant societal trends
TINC is inspired by significant societal trends LC W Low-carbon world Digitisation Building Back Care and wellbeing Better 5 Interim Results 30/06/2023
Slide 6: TINC invests in focus areas
TINC invests in 4 focus areas 27 442 W Investment trends Energy Infrastructure RE Selective Real Estate LC Digital Infrastructure Public Infrastructure 6 Interim Results 30/06/2023
Slide 7: (Fair Value)
(Fair Value) 7 Interim Results 30/06/2023
Slide 8: Investments and investment commitments
Investments Investments and investment commitments 74,6 Investment commitments 100,3 (in m€) 8 Interim Results 30/06/2023
Slide 9: Public Infrastructure
Public Infrastructure 9 Interim Results 31/12/2022
Slide 10: Public Infrastructure
Public Infrastructure Fair value (FV) Share of the total investment portfolio (FV) 153 (in millions of €) 34% Public Infrastructure Weighted average Other discount rate 7.00 % 66% Number of participations 8 10 Interim Results 30/06/2023
Slide 11: Participations
Public Infrastructure Participations Prinses Beatrixsluis Lock / Lek Canal near Utrecht A15 Maasvlakte Vaanplein Motorway / Ring Rotterdam-Zuid the Sociale huisvesting Ierland Netherlands Social Housing / Dublin Ireland VIA A11 Motorway / port Zeebrugge VIA R4 GENT Motorway / Ring Gent Zuid Belgium
Slide 12: Higher Education Buildings
Public Infrastructure Higher Education Buildings New Participation Higher Education Buildings is a public- private partnership based on the Design Build Finance & Maintain model. The project aims to realize the construction of 6 new university buildings throughout Ireland. The total budget for this
Slide 13: Princess Beatrix Lock
Public Infrastructure Princess Beatrix Lock Highlighted Participation The Princess Beatrix Lock, the largest inland navigation lock in the Netherlands, is located in the Lek Canal, the most important waterway connection between the ports of Rotterdam and Amsterdam. It is used by around 50,000 ships
Slide 14: Brabo 1
Public Infrastructure Brabo 1 Highlighted Participation The Brabo 1 light rail and road infrastructure provides road congestion relief around the city of Antwerp. Completed between 2009 and 2012, this project was Flanders’ (B) first PPP project in the transport domain with a DBFM structure. Brabo 1
Slide 15: PPP Social Housing Ireland
Public Infrastructure PPP Social Housing Ireland Highlighted Participation With its participation in the PPP Social Housing Ireland, TINC is investing in the first bundle of the social housing programme that was announced by the Irish Government in 2015, which aims to realise 1,500 additional social
Slide 16: Key figures
Public Infrastructure Key figures (IN '000 €) June 30, 2022 June 30, 2023 Portfolio result 12.381 8.740 Cash flow from the participations 11.804 11.085 Fair value (FV) participation 133.043 153.000 Weighted average discount rate 7,00% 7,00% June 30, 2023 Weighted average debt ratio (%) 75,5 Weighted
Slide 17: Energy Infrastructure
Energy Infrastructure 17 Interim Results 31/12/2022
Slide 18: Energy Infrastructure
Energy Infrastructure Fair value (FV) Share of the total investment portfolio (FV) 136 (in millions of €) 69% Energy Infrastructure Weighted average Other discount rate 31% Number of participations 10,40 % 11 18 Interim 18 TINC Annual ResultsReport 2021-2022 30/06/2023
Slide 19: Participations
Energy Infrastructure Zelfstroom 15 MW Participations Kroningswind 80 MW Kreekraksluis 40 MW the Netherlands Storm 207 MW Ireland Northwind 216 MW Nobelwind 165 MW Storm Ierland 11 MW Lowtide 7 MW Belgium Berlare Wind 9 MW Solar Finance 19 MW Sunroof 12 MW Windfarms Solar farms 19 Interim Results 30
Slide 20: Zelfstroom
Energy Infrastructure Zelfstroom New Participation Zelfstroom is a Dutch company that specializes in leasing solutions for solar power systems to private homeowners and small to medium-sized enterprises (SMEs) in the Netherlands. Zelfstroom has been active since 2014 and installed solar power system
Slide 21: Storm
Energy Infrastructure Storm Highlighted Participation Storm is accelerating the transition to a climate-neutral society. Since 2011, TINC has invested in This is realised by developing, building and operating onshore windfarms several windfarms in Belgium in Belgium at the lowest possible cost to so
Slide 22: Kroningswind
Energy Infrastructure Kroningswind Highlighted Participation Windfarm Kroningswind is an onshore windfarm on the island of Goeree- Overflakkee in South-Holland, in an area between the towns of Stellendam and Middelharnis LC Stake 100% Total capacity 80MW Number of turbines 19 22 Interim Results 30/0
Slide 23: Key figures
Energy Infrastructure Key figures (IN '000 €) June 30, 2022 June 30, 2023 Portfolio result 3.856 13.182 Cash flow from the participations 17.753 18.437 Fair value (FV) participation 117.116 136.449 Weighted average discount rate 8,35% 10,40% June 30, 2023 Weighted average debt ratio (%) (excluding o
Slide 24: Digital Infrastructure
Digital Infrastructure 24 Interim Results 31/12/2022
Slide 25: Digital Infrastructure
Digital Infrastructure Fair value (FV) Share of the total investment portfolio (FV) 66 (in millions of €) 85% Digital Infrastructure Weighted average 15% Other discount rate 21% Number of participations 9.22 % 2 25 Interim Results 30/06/2023
Slide 26: Participations
Digital Infrastructure Participations GlasDraad Hilversum The Netherlands Datacenter United Antwerpen (6 datacentres in Belgium) Belgium 26 Interim Results 30/06/2023
Slide 27: GlasDraad
Digital Infrastructure GlasDraad Highlighted Participation GlasDraad was founded in 2017 on the initiative of TINC with the ambition to provide residents and businesses in underserved areas in the Netherlands with access to a super-fast, reliable, and affordable fibre optic network. GlasDraad realis
Slide 28: Datacenter United
Digital Infrastructure Datacenter United Highlighted Participation Tier-IV Datacenter United owns and operates security nine data centres in Belgium and offers scalable and reliable data centre colocation services and associated services such as connectivity to a wide range of customers. Customers n
Slide 29: Key figures
Digital Infrastructure Key figures June 30, 2022 June 30, 2023 (IN '000 €) Portfolio result 5.034 12.662 Cash flow from the participations 88 39.991 Fair value (FV) participation 86.581 65.652 Weighted average discount rate 8,68% 9,22% June 30, 2023 Weighted average debt ratio (%) 38,4 Weighted aver
Slide 30: Selective Real Estate
Selective RE Real Estate 30 Interim Results 31/12/2022
Slide 31: Selective Real Estate
Selective Real Estate RE Fair value (FV) Share of the total investment portfolio (FV) 87 (in millions of €) 20% RE Selective Real Estate Other Weighted average discount rate 80% Number of participations 7.79 % 6 31 Interim Results 30/06/2023
Slide 32: Participations
Selective Real Estate RE Participations Garage Park Eemplein Blaricum Amersfoort The Netherlands De Haan Vantiehuizen De Haan Yally Antwerp Obelisc Réseau Abilis Ghent Mons (Bergen, Wallonië) Belgium 32 Interim Results 30/06/2023
Slide 33: GaragePark
Selective Real Estate RE GaragePark Headquartered in Blaricum (NL), GaragePark develops and operates innovative multifunctional storage and work spaces. Through its partnership with GaragePark, TINC provides, together with GaragePark's shareholders, funding for the further roll-out of the concept an
Slide 34: Réseau Abilis
Selective Real Estate RE Réseau Abilis Highlighted Participation Réseau Abilis is a network of specialised residences that provide life-long residential care to people with special needs at 26 sites in Belgium (Wallonia and Brussels), as well as in France and the Netherlands. The residences provide
Slide 35: Eemplein
Selective Real Estate RE Eemplein Highlighted Participation Car park Eemplein is located in the Dutch city of Amersfoort and has 625 underground parking spaces. The plaza above the car park has a combination of shops, offices, flats, and recreation facilities. Above the car park there is a Pathé cin
Slide 36: Yally
Selective Real Estate RE Yally Yally is an initiative that aims to reduce the total housing cost for its tenants through digitalization and an energy-efficient upgrade of existing homes. TINC launched Yally in September 2022, an initiative that aims to buy existing homes in and around central cities
Slide 37: Obelisc
Selective Real Estate RE Obelisc At the heart of Belgium's largest biotech cluster in Ghent, there lies Obelisc, a cutting-edge bio- accelerator dedicated to nurturing biotech start-ups in Ghent. This state-of-the-art incubator space provides ambitious companies with comprehensive support and resour
Slide 38: De Haan Vakantiehuizen
Selective Real Estate RE De Haan Vakantiehuizen Highlighted Participation De Haan Vakantiehuizen owns 347 holiday cottages in the Center Parcs holiday park in De Haan. Located in the Belgian coastal town of De Haan, 500 metres from the beach, the holiday park covers 333 hectares, has a large tropica
Slide 39: Key figures
Selective Real Estate RE Key figures June 30, 2022 June 30, 2023 (IN '000 €) Portfolio result 9.173 9.329 Cash flow from the participations 6.204 22.079 Fair value (FV) participation 78.696 87.283 Weighted average discount rate 7,57% 7,79% June 30, 2023 Weighted average debt ratio (%) 47,0 Weighted
Slide 40: Investing in the world of tomorrow
Sustainability Investing in the world of tomorrow Infrastructure is the backbone of a modern society. It is the combination of basic services that make all kinds of development (economic, social, personal) possible. TINC and ESG in 2022-2023 Sustainability policy – Materiality analysis The most impo
Slide 41: Impact analysis – Higher Education Buildings (Ireland)
Sustainability Impact analysis – Higher Education Buildings (Ireland) 41 Interim Results 30/06/2023
Slide 42: Impact analysis – example colocation data centers
Sustainability Impact analysis – example colocation data centers (Digital Infrastructure) 42 Interim Results 30/06/2023
Slide 43: Impact analysis – example wind and solar farms
Sustainability Impact analysis – example wind and solar farms 43 Interim Results 30/06/2023
Slide 44: TINC
Creating sustainable value by investing in the infrastructure for the world of tomorrow TINC
Slide 45: APPENDIX
APPENDIX
Slide 46: Organizational & remuneration structure
Organizational & remuneration structure Free Float 80% 20% 100% TDP NV 2 Service provider 99,5% 1 Management ESG committee Board Statutory Director TINC Manager NV Nomination & Supervisory Board Audit Committee Renumeration 8 members Committee TINC is a limited liability company (NV/SA) under Belgia
Slide 47: TINC Contact
TINC Karel Oomsstraat 37 2018 Antwerpen Contact Manu Vandenbulcke, CEO TINC T +32 3 290 21 73 – manu.vandenbulcke@tincinvest.com Filip Audenaert, CFO TINC T +32 3 290 21 73 – filip.audenaert@tincinvest.com