MCI Capital Alternatywna Spolka Inwestycyjna S.A. · GPW:MCI
MCI Capital Alternatywna Spolka Inwestycyjna — MCI Capital — FY2012 Earnings Presentation
22 slides from MCI Capital Alternatywna Spolka Inwestycyjna's earnings presentation, Mar 21, 2013
Slide 1: Results of MCI CG for 2012
RESULTS OF MCI CG FOR 2012 Warsaw, 21 March 2013
Slide 2: Global e-commerce market
Global e-commerce market Growth % of e-commerce in selected countires According to the annual report of Deloitte "Global Powers of % Retailing 2013. Retail Beyond" in 2016 e-commerce will comprise 20% total global retail. continuous digitalization gives solid foundations to TMT sector Within five
Slide 3: Annual summary
Annual summary 3
Slide 4: Summary of the year 2012
Summary of the year 2012 Major events • About 200 M revenues from selling portfolio companies • Record-breaking exit from Mall.cz (buyer: Naspers) – we received Record-breaking around EUR38 million and generated return on invested capital 4.2 x value of exits (>170% IRR) • Exits from Nexto (Ruch), R
Slide 5: The last 5 years of MCI
The last 5 years of MCI year 2012 is the best in MCI's history mln PLN 200,1 200 180 160 2008 140 2009 120 95,0 2010 100 81,1 85,4 80 64,4 2011 60 50,0 2012 40 29,5 29,9 26,2 20 10,7 0 INVESTMENTS EXITS million PLN 2008 2009 2010 2011 2012 NET ASSETS 207.4 266.0 498.2 526.0 572.1 RESULT 21.6 44.4 15
Slide 6: Development of MCI in the years 1999-2012
Development of MCI in the years 1999-2012 • Launch of first fund with cofinancing from NCF and • Creation of MCI Capital PARP TFI SA • Full exit from Bankier.pl Pioneer public market emission of (trade sale) • Pioneer IPOs of MCI five-year convertible bonds • entering Private Banking portfolio compa
Slide 7: Results for 2012
Results for 2012 7
Slide 8: Results of MCI CG for the year 2012
Results of MCI CG for the year 2012 in million PLN 2012 Factors impacting results in 2012: Consolidated net result of MCI 41,6 Value growth of portfolio companies in segments of Internet and consumer Internet, and record-breaking revenues in MCI.TechVentures : Total consolidated assets 779,6 Mal
Slide 9: MCI on the Warsaw Stock Exchange – share price
MCI on the Warsaw Stock Exchange – share price 200 10 000 000 MCI share price against WIG 180 MCI + 61% 9 000 000 160 8 000 000 7 000 000 140 WIG + 26% 6 000 000 120 5 000 000 100 4 000 000 80 3 000 000 60 2 000 000 40 1 000 000 20 0 Jan'12 Feb'12 Mar'12 Apr'12 May'12 Jun'12 Jul'12 Aug'12 Sep'12 Oct
Slide 10: MCI on WSE - shareholding
MCI on WSE - shareholding including: OFE 2.49% - OFE : 5.56% 2.49% 1.56% - 0.50% - * Free Float 42.00% Tomasz 0.36% - Czechowicz 49.96% 0.07% - • 12 February 2013 the PFSA gave consent to take over management of OFE Polsat by PKO Bankowy PTE SA 10
Slide 11: Portfolio of MCI Management in 2012
Portfolio of MCI Management in 2012 STRUCTURE OF AUM PE MANAGERS* valuation on 31/12/2012 share in company IV FIZ (million PLN) / assets 14% share of MCI) HV FIZ ABC Data 163 21% 6% EV FIZ PE Managers 90 11% Bio FIZ 28% 4% Invia.cz 79 10% TOP 8 CV FIZ CreditVentures FIZ 52 7% 7% KupiVip.ru 50 6% Mor
Slide 12: Investments / exits
Investments / exits 12
Slide 13: Investments in 2012
Value of investments in 2012: Investments in 2012 95 million PLN* COMPANY SECTOR FUND REMARKS NEW INVESTMENTS = 77 million PLN* KupiVIP.ru E-commerce MCI.TechVentures Windeln.de E-commerce MCI.TechVentures 21Diamonds E-commerce MCI.TechVentures moje-biuro.pl SaaS Helix Ventures Partners Subsequent r
Slide 14: Record-breaking value of exits in 2012
Record-breaking value of exits in 2012 million PLN 200 150 100 85.4 50 10.7 0 2010 2011 2012 SUMMARY 2012 EXIT POTENTIAL 2013-2014 Mall.cz – e-commerce industry leader in CEE region At least eight companies with high exit potential Investment of MCI Sep’2010/ Exit MCI Jun’2012 (4,2x cash on (+ 100 m
Slide 15: Newest investments of MCI
Newest investments of MCI 15
Slide 16: Indeks Group
INDEKS GROUP Acquisition of 20% shares in the company Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret A.Ş.from its founder and majority shareholder, thus making MCI a significant shareholder with strong minority shareholder rights. Indeks and its subsidiaries operate in the segment of
Slide 17: Indeks Group annual revenue and market position
Annual revenue [in million Turkish Lire*] * Annual revenue 850 million USD (2011) CAGR = 14 % 1 514 revenue dynamics in the years ’02-’11 -> CAGR = 14% 1 600 stock exchange valuation 140 million USD 1 400 1 228 1 200 1.087 1 023 Top distributed brands 1 000 902 928 759 800 616 600 457 483 400 200 0
Slide 18: Indeks Group
INDEKS GROUP Track record vs. ISE National 100 Index Index ISE WIG vs. ISE National 100 Index ISE WIG 18
Slide 19: Selected MCI portfolio companies
Selected MCI portfolio companies 19
Slide 20: Windeln.de – investment in Germany
Windeln.de – investment in Germany windeln.de is the largest online store in Germany offering daily use products for babies; it operates since 10.2010 (2.5 years) it is one of the fastest growing online stores in Europe Industry and independent leader in baby products category in Germany 70.6
Slide 21: ABC Data results in 2012
ABC Data results in 2012 Sales in the years 2010-2012 thousand PLN Key elements of the development plan 4 000 000 Geographical expansion based on proven 3 500 000 business model – presence in eight countries 3 000 000 25% and exports to 35 – evolutionary growth without introducing unforeseen chang
Slide 22: Disclaimer
Disclaimer This presentation is not an offer in the meaning of the law. This presentation has been prepared based on the best knowledge of MCI management SA and included up-to-date data upon publishing. MCI Management SA Warszawskie Centrum Finansowe ul. Emilii Plater 53, 00-113 Warszawa tel. +2