Alantra Partners SA · BME:ALNT
Alantra Partners SA — Nmás1 Dinamia — 9M 2015 Earnings Presentation
20 slides from Alantra Partners SA's earnings presentation, Nov 13, 2015
Slide 1: Results presentation for the first 9 months of 2015
Results presentation for the first 9 months of 2015 13th November 2015
Slide 2: Disclaimer
Disclaimer “The information contained herein has to be interpreted on the basis of the merger between Dinamia Capital Privado SCR, S.A. and N más Uno IBG, S.A., completed and with accounting effects as from 9th July 2015 (“the Merger”). The Merger was carried out by the absorption of N más Uno IBG,
Slide 3: Executive summary: Key highlights
I. Executive summary I. Key highlights 1 Solid financial performance in the first 9 months €45.1 Mn of consolidated revenues for the first 9 months of 2015, which is a 6.1% increase over the same period last year €9.5 Mn of attributable net profit in the fee business, which is a 6.7% increase over t
Slide 4: Executive summary: Other significant events (i)
I. Executive summary II. Other significant events (i) 1 Merger between N+1 and Dinamia completed. New shares of the combined entity started trading on 29th of July 2 Execution of the separation right. Payment of €33 Mn to former Dinamia Group shareholders 3 Payment of €34.5 Mn in dividends. €26.3 Mn
Slide 5: Executive summary: Other significant events (ii)
I. Executive summary II. Other significant events (ii) 1 Launch of a €150 Mn Private Debt Fund, with a first closing of €100 Mn in July 2 Divestment of a €325 Mn portfolio of prime offices in Germany with a combined gross IRR of 5.71%1 Asset Manage- 3 Launching of project Phoenix, whereby N+1 togeth
Slide 6: Consolidated revenues
II. Solid financial performance in the first 9 months I. Consolidated revenues Consolidated revenues1 for the first 9 months Consolidated revenues by division1 for the first (€’000) 9 months (€’000) +6.1% 42,474 45,085 45,085 1% 1% 42,474 38% 47% 61% 52% 2014 2015 2014 2015 IB AM Others In the first
Slide 7: Attributable net profit
II. Solid financial performance in the first 9 months II. Attributable net profit Attributable net profit breakdown for the first 9 Attributable net profit of the fee business for the months of 2015 (€’000) first 9 months (€’000) +6.7% 9,518 52.713 63.483 8,918 9.518 1.252 Fee business Investment bu
Slide 8: Other relevant non consolidated businesses
II. Solid financial performance in the first 9 months III. Other relevant non consolidated businesses N+1 Singer: Research and Brokerage in the N+1 Syz: Wealth Management in Spain UK (accumulated 9 months figures) (accumulated 9 months figures) 1 Shareholding: 28.16%1 1 Shareholding: 25%1 2 Revenues
Slide 9: Balance sheet as of 30th September
III. Strong balance sheet to support the Group strategy IV. Balance sheet as of 30th September €’000 203,319 203,319 5,843 13,655 14,061 22,792 8,073 112,340 6,598 173,929 49,347 Cash Portfolio Investments in Receivables Other non current Investments in Total assets Liabilities & Equity Group vehicl
Slide 10: Subsequent events to Q3 with significant impact on the balance sheet
III. Strong balance sheet to support the Group strategy V. Subsequent events to Q3 with significant impact on the balance sheet 1 Sale of the investment portfolio (November 2015)1 N+1 has agreed to sell 70.6% of an investment portfolio coming from Dinamia for €57.2 Mn to funds managed by Access Capi
Slide 11: Proforma Balance Sheet taking into account the subsequent events
III. Strong balance sheet to support the Group strategy VI. Proforma Balance Sheet taking into account the subsequent events €’000 203,319 203,319 13,655 5,843 16,309 22,792 8,073 6,598 17,215 31,660 110,564 173,929 Cash Portfolio Deferred Investments in Receivables Other non Investments in Total as
Slide 12: Investment Banking division - Activity
IV. Well performing operating business I. Investment Banking division - Activity 66 closed deals by the Group until October €434 Mn1 raised in the UK capital markets in 2015 YTD Closing of the second Debt Capital Markets (DCM) transaction. N+1’s DCM practice started operations in September 2014 and
Slide 13: Investment Banking division - Highlights
IV. Well performing operating business II. Investment Banking division - Highlights 1 Mark Pensaert appointed as Head of Investment Banking Mark Pensaert is a highly-reputed investment banker in Europe. Until January 2015 he was CEO of Leonardo & Co. Europe. Before that, he was Managing Director at
Slide 14: Asset Management division - Assets under management
IV. Well performing operating business I. Asset Management division - Assets under management Assets under management1 (€ Mn) Debt 100 Active Funds 264 Real Estate Wealth 1 325 Management 1,0952 Private Equity 945 Total AuM: €2.7 Bn Total fee-earning AuM €2.3 Bn Private and confidential 1) AuM after
Slide 15: Asset Management division - Highlights (i)
IV. Well performing operating business II. Asset Management division – Highligts (i) 1 Active Funds EQMC Fund was ranked 1st by profitability among 110 funds globally by Barclay Hedge1 in the event-driven category, with 28.4% IRR in the last 3 years 2 Private Debt First closing of €100 Mn achieved b
Slide 16: Asset Management division - Highlights (ii)
IV. Well performing operating business II. Asset Management division – Highligts (ii) 4 Private Equity Completion of the sale of Estacionamientos y Servicios, S.A (EYSA), a portfolio company of N+1 PEF II and Dinamia, to a financial investor. Net proceeds from this transaction have been €18.1 Mn and
Slide 17: Annex
Annex Private and confidential 17
Slide 18: P&L - detail
Annex I. P&L - detail € Thousand 30/09/2015 30/09/2014 Dif. (%) Investment banking 27.409 22.101 24,% Asset Management 1 17.039 19.905 (14,4%) Other income 637 468 TOTAL 45.085 42.474 6,1% Ordinary expenses Staff costs 2 (23.659) (21.728) 8,9% Other operating expenses (9.922) (8.145) 21,8% TOTAL (33
Slide 19: Balance sheet - detail
Annex II. Balance sheet - detail ASSETS LIABILITIES & EQUITY € Thousand EQUITY 180,527 SHAREHOLDERS EQUITY 173,220 Capital 101,011 Share premium 105,492 Reserves (93,545) Treasury shares (366) NON-CURRENT ASSETS 131,838 Net profit attributable to the parent 63,483 Intangible assets 3,699 Interim div
Slide 20: Contact information
Contact information Philipp Krohn Head Investor Relations Tel.: +34 917 458 484 [email protected] I www.nplusone.com Private and confidential 20