Tamburi Investment Partners S.p.a. · MIL:TIP
Tamburi Investment Partners — Investor Presentation (September 2023)
15 slides from Tamburi Investment Partners's investor presentation, September 2023
Slide 1: Presentation
Presentation September 2023 We should all feel nothing but shame for the reputation that finance has earned in the last few years, but if you manage to guide healthy capital from successful businesses, smart long term investors and entrepreneurial families towards companies really willing to grow, y
Slide 2: Disclaimer
DISCLAIMER The information contained herein, particularly those regarding any possible or assumed future performance, are or may be forward looking statements and, in this respect, they involve some risks and uncertainties. Any reference to past performances shall not be taken as an indication of fu
Slide 3: A unique crossroad among excellent companies and Italian prominent family offices
A unique crossroad among excellent companies and Italian prominent family offices that has so far invested more than 5 billion euro and given life to the biggest Italian network of minority but strategic and long term investments more than 100 investments in 33 Total return of T.I.P. families involv
Slide 4: An independent, diversified and long term oriented industrial group, not a fund
an independent, diversified and long term oriented industrial group, not a fund Listed companies Listed companies Private companies StarTIP Tamburi Investment Partners S.p.A. TIP actively participates to the boards of most of the investee companies 11 Worldwide leaders 4 European leaders 10 Italian
Slide 5: Main Investments
MAIN INVESTMENTS Italian absolute leader in tourism: by far the biggest tour operator Alpitour world of the country, #26 hotels, a dedicated airline (# 6 Boeing 787 and (6 years)* #9 Boeing 737), plus many other related businesses, also online By far worldwide leader in the retail sector of hearing
Slide 6: Main Investments
MAIN INVESTMENTS World’s largest producer of professional high-pressure pumps, as Interpump well as one of the biggest global players in the market of hydraulic (20 years)* components with more than 100 plants worldwide One of the italian biggest furniture producers: active in high-end Italian Desig
Slide 7: Main Investments in Innovation
MAIN INVESTMENTS IN INNOVATION Alimentiamoci Special meal kit production and delivery service (2021)* Alkemy Italian leading company in digital innovation advisory (2017)* Bending Spoons One of the worldwide leaders in the development of mobile apps (2019)* Buzzoole Influencer marketing platform (20
Slide 8: Key financials
Key financials Listed companies - Consensus Private companies Sales EBITDA margin Sales EBITDA (Mln €) Sales EBITDA 2023 (bn €) 2023 1H23 vs margin 1H23 1H 23 1H22 1H 23 2,3 24,8% 778 84,8% n.d. n.d. 1 0,5 10,7% ~ 1.200 20,0% > 150 ~ 12,5% 2 4,2 19,1% 150 39,3% n.d. n.d. 0,3 18,2% 131 11,6% 17 13,0%
Slide 9: TIP - Value Creation
TIP - VALUE CREATION >190 M&A transactions (> 8 bln) of the investee companies since TIP first investment Key financials (aggregate) Employees Billion euros Thousands units Annual revenues Annual Ebitda 5,2 127 38,2 45,0 6,0 140 40,0 120 5,0 35,0 100 30,0 4,0 25,0 80 69 16,7 2,1 3,0 20,0 +128% +144%
Slide 10: IPO Track Record and Pipeline
IPO TRACK RECORD AND PIPELINE TRACK RECORD POTENTIAL IPO PIPELINE Listing on STAR segment of Borsa Italiana IPO on Borsa Italiana IPO on Euronext Sold to Engineering (5x at exit) 2013 2015 2018 2019 2022 2024 2029 IPO on Nasdaq (3x at exit in 2017) Sold to AB Fagerhult (3x at exit) IPO on Borsa Ita
Slide 11: TIP Net Intrinsic Valuation
TIP NET INTRINSIC VALUATION July 2023 IN ORDER TO DEMONSTRATE TIP’S EFFECTIVE VALUE, WE PERIODICALLY CALCULATE OUR N.I.V. (NET x 3,1 INTRINSIC VALUATION) BASED ON OUR MEDIUM TERM FORECASTS OF ALL OF THE INVESTEE COMPANIES, 3.053 BUT ALWAYS CONSIDERING A VERY PRUDENT APPROACH FOR THE NON LISTED COMPA
Slide 12: Net Intrinsic Valuation per Share: 13,9 Euro
NET INTRINSIC VALUATION PER SHARE: 13,9 EURO Net amount Bloomberg Med term intr. invested estimates (*) valuation Technology and innovation 258 1.532 ~1.604 53% Healthcare and industrial 135 1.094 ~1.115 37% IT services and innovation 123 438 ~489 16% StarTIP Tamburi Investment Partners Luxury and d
Slide 13: TIP Share Performance
TIP SHARE PERFORMANCE 10 years performance vs main indexes 10 years total return TIP: +536% 12,5 10,5 +458.9% Nasdaq +295.6% 8,5 IT Star +247.9% 6,5 S&P 500 +172.2% 4,5 Dow Jones +129.4% 2,5 FTSE MIB +79.9% MSCI Eur 0,5 +54.2% as at 31/7/2023 (Bloomberg) 16 years as a public company 175 million Buy
Slide 14: Corporate Governance
CORPORATE GOVERNANCE A REAL PUBLIC COMPANY LISTED ON MILAN STOCK EXCHANGE MAIN SHAREHOLDERS d’Amico family 11% Angelini family 10% Tamburi family 10% BOARD OF DIRECTORS Giovanni Tamburi Founder, Chairman and CEO Alessandra Gritti Co-Founder, Vice President and CEO Cesare d’Amico Vice President Cl
Slide 15: TIP Group: a culture of sustainability
TIP GROUP a culture of sustainability HIGHLIGHTS Sustainability in TIP Group's investee companies 100% of companies have identified targets in line with the SDGs 90% of companies have at least one fifth of independent directors >1million of training hours for employees Sustainability in TIP TIP has
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