Alantra Partners SA · BME:ALNT

Alantra Partners SA — H1 2018 Earnings Presentation

39 slides from Alantra Partners SA's earnings presentation, Jul 26, 2018

  1. Slide 1: H1 2018 Results presentation

    H1 2018 Results presentation 26th July 2018

  2. Slide 2: Index

    Index 1. Executive Summary 2. Financials 3. Activity highlights in Investment Banking 1. Activity in the IB division 2. Integrations 3. Alantra CPA International 4. Activity highlights in Asset Management 5. Annex Private and Confidential 2

  3. Slide 3: 1. Executive Summary

    1. Executive Summary VA ALANTRA

  4. Slide 4: I. H1 2018 Financial Statements

    1. Executive summary I. H1 2018 Financial Statements Revenue growth in both the Investment Banking and Asset Management divisions  Net revenues reached €70.2 Mn in the first half of 2018, which implies an increase of 19.6% vs. H1 2017  The IB division grew by 22.1%  The AM division continues its

  5. Slide 5: II. Alantra makes further progress in the achievement of its strategic targets

    II. Alantra makes further progress in the achievement of its 1. Executive summary strategic targets Investment Banking Highlights H1 2018 Asset Management Highlights H1 2018 Investment Banking Activity i. Strong growth in AUM´s During 2018 YTD1, Alantra has advised 75 high quality transactions As of

  6. Slide 6: 2. Financials

    2. Financials VA ALANTRA

  7. Slide 7: I. Revenue growth in both the Investment Banking and Asset Management divisions

    I. Revenue growth in both the Investment Banking and Asset 2. Financials Management divisions Net revenues for H1 2018 (€’000) Net revenues by division for H1 2018 Breakdown of AM revenues by type (€’000) (€’000) 70,219 23,656 +19.6% 70,219 585 58,720 20,504 58,720 Total AM Performance 570 7,603 +15

  8. Slide 8: II. Expenses continue to grow due to the incorporation of new teams and activities

    II. Expenses continue to grow due to the incorporation of new 2. Financials teams and activities Total operating expenses 2018 H1 (€’000) Breakdown of personnel expenses in 2018 H1 (€’000) +26.8% 53,009 38,523 +27.4% 41,820 14,486 30,248 11,573 Other opex 23,251 +25.2% 16,563 Fixed +40.4% 38,523 30,

  9. Slide 9: III. H1 net profit reaches €13.8 Mn (-16.8%)

    2. Financials III. H1 net profit reaches €13.8 Mn (-16.8%) H1 2018 net profit breakdown (€’000) H1 2018 net profit attributable to the parent (€’000) 16,548 -16.8% 13,772 4,686 13,772 (57) 9,143 Fee business Portfolio Other result Net profit H1 2017 H1 2018 attributable to the parent  The net profi

  10. Slide 10: IV. The Group maintains its strong balance sheet as of 30th June 2018

    IV. The Group maintains its strong balance sheet as of 30th June 2. Financials 2018 €’000 260,767 54,517 260,767 42,654 2,550 132,337 14,832 72,301 199,128 7,122 128,430 49,355 79,075 €27,608 – Portfolio €9,960 – Monetary fund €4,318 – Other non current financial assets €768 – Other financial assets

  11. Slide 11: 3. Activity highlights in Investment Banking

    3. Activity highlights in Investment Banking 11

  12. Slide 12: 3.1 Activity in the Investment Banking division

    3.1 Activity in the Investment Banking division 12

  13. Slide 13: I. Well balanced deal volume across advisory products and sectors

    3. Activity highlights in I. Well balanced deal volume across advisory products and sectors Investment 3.1 Activity in the Investment Banking division Banking 75 deals advised 2018 YTD1 (-1% vs. H1 2017) Deals by product2 Deals by sector Analysis by fee size Strategic Advisory M&A Infrastructure Deb

  14. Slide 14: II. H1 2018 Transaction Highlights (i)

    3. Activity highlights in II. H1 2018 Transaction Highlights (i) Investment 3.1 Activity in the Investment Banking division Banking 2018 2018 2018 2018 N+1 Singer1 has acted as Alantra advises Banco Sabadell Sole Financial Adviser and on the sale of c.€6.5Bn of REO’s Advisor to Henkel in the Alantra

  15. Slide 15: II. H1 2018 Transaction Highlights (ii)

    3. Activity highlights in II. H1 2018 Transaction Highlights (ii) Investment 3.1 Activity in the Investment Banking division Banking 2018 2018 2018 2018 2018 Project Cooper Adviser to Cerberus on the Alantra advises ii invest acquisition of a servicing Alantra has advised Alantra advises Weener Alan

  16. Slide 16: 3.2 Integrations

    3.2 Integrations 16 ALANTRA

  17. Slide 17: I. Contribution to the Group

    3. Activity highlights in I. Contribution to the Group Investment 3.2 Integrations Banking Alantra Alantra Alantra Switzerland France Italy Market Recognition Market Recognition Market Recognition  2017 M&A Financial advisor of  2018 M&A Financial advisor of the  Partners have a very high the yea

  18. Slide 18: II. Overview

    3. Activity highlights in II. Overview Investment 3.2 Integrations Banking The Transaction  On July 25th, Alantra’s shareholders have approved a capital increase via contribution in kind, whereby the Swiss, French and Italian Alantra partners will contribute a stake in their correspondent Alantra s

  19. Slide 19: III. Impact on shareholding

    3. Activity highlights in III. Impact on shareholding Investment 3.2 Integrations Banking Impact on shareholding Shareholding post-integration  Current shares outstanding Alantra 37,172,552 14.3% 46.3% 18.2% Non-Exec  Shares to be issued for integrations Exec. Anpora Board shareholders 1,458,852 m

  20. Slide 20: 3.3 Alantra CPA International

    3.3 Alantra CPA International 20

  21. Slide 21: I. Alantra acquires KPMG (UK)'s global loan portfolio advisory business

    3. Activity I. Alantra acquires KPMG (UK)’s global loan portfolio advisory business… highlights in Investment 3.3 Alantra CPA International Banking Alantra has acquired the Portfolio Solutions Group business from KPMG UK, which advises financial institutions and investors in developing and implement

  22. Slide 22: … to create the European leader in banking portfolio advisory

    3. Activity highlights in … to create the European leader in banking portfolio advisory Investment 3.3 Alantra CPA International Banking KPIs – combined business With specialized teams in 6 countries, Alantra CPA International will become the leading portfolio advisory unit in Europe 180+ Transactio

  23. Slide 23: II. Track record of the combined team

    3. Activity highlights in II. Track record of the combined team Investment 3.3 Alantra CPA International Banking 2018 2018 Ongoing 2018 2018 Project DGF Project Venus Alantra advises Banco Sabadell Advisor to the Deposit Adviser to Cerberus on the on the sale of REO’s to Guarantee Fund of a Advisor

  24. Slide 24: 4. Activity highlights in Asset Management

    4. Activity highlights in Asset Management 24

  25. Slide 25: I. Assets under Management as of 30th June 2018

    4. Activity highlights in Asset I. Assets under Management as of 30th June 2018 Management Total Assets under Management (€Mn) Real Estate Private Debt 2 124 249 Wealth 1 Management Active Funds 1,618 1,037 + €420Mn Total AUM’s (vs. Dec 2017) Private Equity 1,370 Total Assets under Management: €4,39

  26. Slide 26: II. Strong activity and performance of our AM products (i)

    4. Activity highlights in Asset Management II. Strong activity and performance of our AM products (i) 1 Private Equity Activity 2018YTD: five successful investments by Alantra PEF III, having invested 47% of the fund Best Large Market Deal of the year until now in six portfolio companies For the sal

  27. Slide 27: II. Strong activity and performance of our AM products (ii)

    4. Activity highlights in Asset Management II. Strong activity and performance of our AM products (ii) 2 Active Funds As of 30th June 2018, AUM’s in active funds reached €1,037 Mn, representing a +26.3% increase versus 31st December 2017 (+€216Mn) During the last 3 months, AUM’s increased by 23.5% (

  28. Slide 28: II. Strong activity and performance of our AM products (iii)

    4. Activity highlights in Asset Management II. Strong activity and performance of our AM products (iii) 3 Private Debt 4 Real Estate Alteralia I: €139Mn of Assets Under Management. 11 investments executed, out of which 3 have been fully repaid 3 new acquisitions in 2018:  Activity during H1 2018: I

  29. Slide 29: II. Strong activity and performance of our AM products (iv)

    4. Activity highlights in Asset Management II. Strong activity and performance of our AM products (iv) 5 Wealth Management Significant growth in the WM division: €104,7 Mn Inflows AUM’s increased by € 15.2 Mn in H1 €35.5Mn 2018 (vs. December 2017), H1 € 15.2Mn Net Inflows (€69,2 Mn) Outflows represe

  30. Slide 30: 5. Annex

    5. Annex 30 VA ALANTRA

  31. Slide 31: I. Consolidated income statement for H1 2018

    5. Annex I. Consolidated income statement for H1 2018 € Thousand 30/06/2018 30/06/2017 % Difference Net income Investment banking 45,978 37,645 22.1% Asset Management 23,656 20,504 15.4% Management Fees 16,053 14,708 9.1% Success Fees 7,603 5,796 31.2% Others 585 570 2.6% TOTAL Net income 70,219 58,

  32. Slide 32: II. Consolidated H1 2018 income statement by segment

    5. Annex II. Consolidated H1 2018 income statement by segment € Thousand Investment Banking Asset Management Structure Portfolio Rest Consolidation adjust. Total for Total for 30/06/2018 30/06/2017 30/06/2018 30/06/2017 30/06/2018 30/06/2017 30/06/2018 30/06/2017 30/06/2018 30/06/2017 30/06/2018 30/

  33. Slide 33: III. Consolidated balance sheet as of 30th June 2018

    5. Annex III. Consolidated balance sheet as of 30th June 2018 ASSETS LIABILITIES AND EQUITY € Thousand 30/06/2018 31/03/2018 % € Thousand 30/06/2018 31/03/2018 % EQUITY 206,250 208,880 (1.3%) SHAREHOLDERS EQUITY 201,794 206,713 (2.4%) Capital 111,518 111,518 0.0% Share premium 94,138 94,138 0.0% Res

  34. Slide 34: IV. Consolidated Cash flow statement for H1 2018

    5. Annex IV. Consolidated Cash flow statement for H1 2018 € Thousands 6/30/2018 6/30/2017 CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES (I) (274) 11.437 Profit (loss) before tax 16.762 22.932 Adjustments to profit (loss): 2.077 (4.604) - Depreci a tion a nd a morti s a ti on 528 351 - Other a djus

  35. Slide 35: V. Glossary (i)

    5. Annex V. 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

  36. Slide 36: V. Glossary (i)

    5. Annex V. Glossary (i) “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

  37. Slide 37: V. Glossary (iii)

    5. Annex V. 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.  R

  38. Slide 38: VI. Disclaimer

    5. Annex VI. 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

  39. Slide 39: Contact

    Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 [email protected] I www.alantra.com Private and Confidential 39

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