Alantra Partners SA · BME:ALNT
Alantra Partners SA — H1 2019 Earnings Presentation
20 slides from Alantra Partners SA's earnings presentation, Jul 24, 2019
Slide 1: H1 2019 Results Presentation
H1 2019 Results Presentation 24th July 2019
Slide 2: Alantra continues with revenue and net profit growth in 2019
I. Alantra continues with revenue and net profit growth in 2019 with increasing activity in both business divisions Net revenues reached €81.8 Mn (+16.4% vs. H1 2018) generating a net profit of €12.1 Mn (+32.6% vs. H1 2018) in the fee business ▪ Investment Banking revenues have grown by 29.6%, drive
Slide 3: Net revenues reach €81.8 Mn (+16.4% vs. H1 2018)
II. Net revenues reach €81.8 Mn (+16.4% vs. H1 2018) Net revenues for 2019 H1 Net revenues by division for 2019 H1 Breakdown of AM revenues by type (€’000) (€’000) (€’000) Performance fees Total AM -18.5% -8.3% Management Total IB fees +29.6% -3.4% ▪ Net revenues increased by 16.4% reaching €81.8 Mn
Slide 4: Operating expenses reach €75.3 Mn
III. Operating expenses reach €75.3 Mn Total operating expenses 2019 H1 (€’000) Breakdown of personnel expenses in 2019 H1 (€’000) Variable Other opex +45.2% +8.0% Personnel Fixed +38.7% +34.4% ▪ Operating expenses have grown by 42.1 % to €75.3 Mn, due to ▪ an increase of fixed personnel expenses (+
Slide 5: Net Profit of €21.7 Mn (+57.6% vs. H1 2018)
IV. Net Profit of €21.7 Mn (+57.6% vs. H1 2018) 2019 H1 net profit breakdown1 Evolution of the net profit attributable to the parent (€’000) (€’000) ▪ Net profit attributable to the fee business reached €12.1 Mn (+32.6%), mainly driven by the improved performance of the IB business ▪ In addition to
Slide 6: Strong Balance sheet as of 30th June 2019
V. Strong Balance sheet as of 30th June 2019 €’000 40,900 €32,878 – Portfolio €7,277 – Other non current financial assets €744 – Other financial assets ▪ €206.4 Mn of shareholders’ equity attributable to the parent and no financial leverage ▪ €95.5 Mn of cash and cash equivalents1 ▪ Non current fina
Slide 7: Investment banking activity
VI. Investment banking activity I. Alantra named ‘European Corporate Finance House of the Year 2019′ 83 transactions advised 2019YTD1 Well balanced sector coverage (+11% vs same period in 2018) ▪ 39 M&A transactions ▪ FIG (35%) ▪ Health & Pharma (7%) European Corporate ▪ 24 credit portfolio advisory
Slide 8: Investment banking activity: Acquisition of UDA
VI. Investment banking activity II. Acquisition of UDA, expanding geographical footprint and increasing sector specialization Corporate finance: incorporated 7 MDs, Acquisition of urbanData Analytics added 3 new offices and increased sector specialization Alantra, through its credit and real estate
Slide 9: Asset management activity: venture capital launch
VII. Asset management activity I. Launch of the Venture Capital activity, strengthening the Real Estate practice and substantial fundraising of ACP Launch of venture capital activity via strategic Incorporation of Juan Velayos as a Managing Partner to 1 2 partnership with Asabys Partners reinforce A
Slide 10: Asset management activity: growth in AUM
VII. Asset management activity II. Growth in assets under management, relevant activity and recruitment of senior professionals 4 Private Equity: one acquisition by Alantra PEF III Acquisition of a majority stake in Frías Nutrición, a Spanish leader in the production and distribution of healthy food
Slide 11: Assets under Management as of 30th June 2019
VII. Asset management activity III. Assets under Management as of 30th June 2019 Fee earning AUM of direct investments +€24 Mn + €327 Mn +€133 Mn Fee earning AUM (vs. June 2018) +€114 Mn +€56 Mn Total fee-earning direct investments AUM: €2,136 Mn Total direct investment AUM: €2,263 Mn 11
Slide 12: Annex
Annex 12 ALANTRA
Slide 13: Consolidated income statement for 2019 H1
Annex I. Consolidated income statement for 2019 H1 6/30/2019 6/30/2018 % 59,576 45,978 29.6% 21,703 23,656 (8.3%) 15,505 16,053 (3.4%) 6,198 7,603 (18.5%) 485 585 (17.1%) 81,764 70,219 16.4% - (53,425) (38,523) 38.7% (31,248) (23,251) 34.4% (22,177) (15,272) 45.2% (15,073) (13,956) 8.0% (2,640) (528
Slide 14: Consolidated H1 2019 income statement by segment
Annex II. Consolidated H1 2019 income statement by segment € Thousand Investment Banking Asset Management Structure Portfolio Rest Consolidation adjustments Total Group Total Group 6/30/2019 6/30/2018 6/30/2019 6/30/2018 6/30/2019 6/30/2018 6/30/2019 6/30/2018 6/30/2019 6/30/2018 6/30/2019 6/30/2018
Slide 15: Consolidated balance sheet as of 30th June 2019
Annex III. Consolidated balance sheet as of 30th June 2019 ASSETS LIABILITIES AND EQUITY 15
Slide 16: Glossary (i)
III. 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 transac
Slide 17: Glossary (ii)
III. Glossary (ii) “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 materialise in
Slide 18: Glossary (iii)
III. 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. ▪ Recurrin
Slide 19: Disclaimer
IV. 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 information and fo
Slide 20: Contact
Contact Philipp Krohn Investor Relations Tel.: +34 917 458 484 [email protected] I www.alantra.com 20