Indexa Capital Group, S.a. · BME:INDXA
Indexa Capital — MEDCAP Forum May 2024
25 slides from Indexa Capital's conference presentation, May 28, 2024
Slide 1: Indexa Capital Group: With you for the long term
Indexa Capital Group With you for the long term MEDCAP Forum - May 2024
Slide 2: Index
Index 1. Introduction 2. Market 3. Services 4. Technology 5. Clients 6. Market Differentiation 7. Team 8. KPIs (“Indexa in numbers”) 9. Main recent achievements 10. Vision for the Future 28/05/2024 Indexa Capital – With you for the long term 2
Slide 3: Indexa Capital Group is a group of fintech companies
1. Introduction Indexa Capital Group is a group of fintech companies Indexa Capital is the leading automated investment manager in Spain Indexa Capital AV Bewater Asset Indexa Courtier d’Assurance (more than 95 % of the group value) Management SGEIC + Caravel +77,000 clients across Europe and €2.4bn
Slide 4: 1. Introduction
1. Introduction 28/05/2024 Indexa Capital – With you for the long term 4
Slide 5: 1. Introduction
1. Introduction 28/05/2024 Indexa Capital – With you for the long term 5
Slide 6: Indexa Capital is the 8th largest discretionary portfolio manager in Spain
2. Market Indexa Capital is the 8th largest discretionary portfolio manager in Spain (including commercial banks) Source: 31/03/2024, Inverco. 28/05/2024 Indexa Capital – With you for the long term 6
Slide 7: Our history and services: eight years are just the beginning
3. Services Our history and services: eight years are just the beginning 2014 Regulatory process of Indexa Capital AV begins 2015 Index fund portfolios 2016 Individual pension plans 2018 Individual EPSV plans and Bewater Funds 2019 Fund of funds, life insurance, and venture capital fund 2020 Multi-c
Slide 8: Our technology enables scalability and efficiency
4. Technology Our technology enables scalability and efficiency We prioritize automated over manual processes. 38 people (31/12/2023) for 77 k clients (27/05/2024). Clients are profiled, informed and invested without any human intervention. Almost half of employees are developers or know programming
Slide 9: +77,000 clients: WOW effect
5. Clients +77,000 clients: WOW effect Source: 27/05/2024, from Trustpilot and Google Customers testimonies: https://indexacapital.com/es/esp/testimonies 28/05/2024 Indexa Capital – With you for the long term 9
Slide 10: Our client's trust is our greatest competitive advantage
6. Market Differentiation Our client’s trust is our greatest competitive advantage +50 % of new clients come with an invite from existing ones. Growing over 66 % in the last 5 years (from 193 M€ in 23/05/2019 to 2,397 M€ 23/05/2024) Source: Indexa Capital. https://indexacapital.com/es/esp/stats. 28/
Slide 11: Experienced management team and advisory board
7. Team Experienced management team and advisory board in asset management, banking, technology and internet Unai Ansejo (co-CEO) François Derbaix (co-CEO) Ramón Blanco (co-founder) Institutional investor Internet Banks and markets C:\Documents and Settings\uansejob\Escritorio\selftrade.jpg C:\Docum
Slide 12: Independent board of directors and stable cap table
7. Team Independent board of directors and stable cap table Shareholder Direct shares Direct Indirect Total percentage percentage percentage Derbaix Ventures 1 S.L. 2.968.200 20,4 % 0,0 % 20,4 % Cabiedes & Partners IV S.C.R. 2.771.500 19,1 % 0,0 % 19,1 % François Derbaix 0 0,0 % 18,7 % 18,7 % Unai A
Slide 13: Main Indexa Capital Group KPIs (2023)
8. KPIs Main Indexa Capital Group KPIs (2023) 4,8 M€ 23 % 8% 38 Revenue Revenue growth Net income margin FTEs 37 € 306 € <1% CAC 4 years capped LTV Churn (monthly) 99 % Spain + 77,000 3 countries Revenue by geographies Clients Spain, Belgium & France 28/05/2024 Indexa Capital – With you for the long
Slide 14: Consolidated P&L of Indexa Capital Group
8. KPIs Consolidated P&L of Indexa Capital Group Indexa Capital Group (M €) 2022 2023 2023 vs. 2022 Revenues, fees 3.93 4.84 +23 % Gross margin 3.63 4.52 +25 % Headcount cost -1.42 -1.75 +24 % General costs -1.67 -2.06 +24 % Amortization -0.15 -0.10 -34 % Consolidated net income 0.39 0.41 +3 % Conso
Slide 15: Portfolio returns are 3.7% per annum above average active mutual funds
8. KPIs Portfolio returns are 3.7 % per annum above the average return of active mutual funds The average Indexa portfolio (6/10) has achieved an accumulated return since 2015 until 27/05/2024 of +53.2 % (+5.2 % per annum), 39.8 percentage points above the average return of comparable investment fun
Slide 16: Very stable, always positive, net inflows
8. KPIs Very stable, always positive, net inflows Net monthly inflows (inflows - outflows, €) 70,000,000 The company has had positive net 60,000,000 contributions (contributions minus 50,000,000 withdrawals) every month since its creation, even during the months of 40,000,000 greatest stock market f
Slide 17: After 8 years, the average client has invested 90k€
8. KPIs After 8 years, the average client has invested 90 k€ Clients start on average with an investment of 9,561 € and contribute on average 6,780 € per year (new customers from 05/2016 to 04/2024). The new customers of 2016 already have invested on average 90 thousand euros with Indexa Capital (30
Slide 18: AUMs and fees increase with time
8. KPIs AUMs and fees increase with time Clients start paying on average 1 € per month, and after 6 years they are paying on average 14 € per month, due to the larger volume they have invested with Indexa 28/05/2024 Indexa Capital – With you for the long term 18
Slide 19: Main recent achievements
9. Main recent achievements Main recent Indexa Capital Group achievements 03/2024 Acquisition of Caravel (Fund your future). 07/2023 Incorporation to BME Growth. Indexa Courtier d’Assurance Indexa Capital AV Bewater Asset Management SGEIC 03/2023 Launch of life-insurance 03/2023 Launch of the employ
Slide 20: Caravel acquisition in France shows the inorganic growth opportunity
9. Main recent achievements Caravel acquisition in France shows the inorganic growth opportunity Fund Your Future (Caravel) customer basis in France x10 From 170 customers to 2000 customers after the acquisition Acquisition price 408 k€ Paid part in cash and part in in vendor’s debt (to be converted
Slide 21: Mission and vision for the future
10. Vision for the future Mission and vision for the future Mission Our mission is to help our clients achieve their financial goals. To do this, we provide them with access to a diversified and low-cost investment proposal. Indexa's vision To be the independent manager with the most assets under ma
Slide 22: Grow, automatize and keep innovating
10. Vision for the future Grow, automatize and keep innovating 1. Grow in the products and countries where we are already present, particularly in investment fund portfolios and in pension plans for self-employed individuals (Indexa Capital AV), life-savings insurance (Indexa Courtier and Caravel) a
Slide 23: Next steps
10. Vision for the future Next steps Consolidate Spain. Increase presence in France Analyze strategic acquisitions We aim to became largest and Belgium. in Europe and act as a sector independent asset manager consolidator. by 2030 (>10bn€) 28/05/2024 Indexa Capital – With you for the long term 23
Slide 24: Thank you!
Thank you! Information for investors: https://group.indexacapital.com/en/ Investor relations: [email protected] Press: [email protected] C/ Serrano 213, 1º, B1, 28016 Madrid, Spain
Slide 25: Disclaimer
Disclaimer No statement, warranty or commitment is made, either expressly or tacitly, regarding the information or opinions reflected in this document, nor should one rely on the suitability, accuracy, completeness, or correctness of such information or opinions. Neither Indexa Capital Group S.A. (t