04 / 201902 / 2021 MPC CAPITAL AG

27
MPC CAPITAL AG MANAGING REAL ASSETS |→ 02 / 2021

Transcript of 04 / 201902 / 2021 MPC CAPITAL AG

Page 1: 04 / 201902 / 2021 MPC CAPITAL AG

|→

MPC CAPITAL AGMANAGING REAL ASSETS |→ 04 / 2019|→ 02 / 2021

Page 2: 04 / 201902 / 2021 MPC CAPITAL AG

MPC CAPITAL AGMANAGING REAL ASSETS

1. INTRODUCTION 3

2. BUSINESS MODEL 5

3. HIGHLIGHTS 2020 10

4. FINANCIALS 2020 13

5. OUTLOOK 18

This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous care and to the best of our knowledge. The Presentation isfor information purposes only and does not constitute an offer to sell or a solicitation to buy any interest, shares or securities in Germany or any other jurisdiction. Neitherthe Presentation nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever. The Presentation containsforward looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties thatcould cause actual results to differ materially from those described in the forward-looking statements. Actual results may differ from those set forth in the forward-lookingstatements as a result of various factors (including, but not limited to, future global economic conditions and market conditions relating to shipping, infrastructure and realestate). The Presentation is intended to provide a general overview of MPC Capital’s business and does not purport to deal with all aspects and details regarding MPC Capital.Accordingly, neither MPC Capital nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express or implied, asto, and accordingly no reliance should be placed on, the fairness, accuracy or completeness of the information contained in the presentation or of the views given or implied.Neither MPC Capital nor any of its directors, officers, employees or advisors nor any other person shall have any liability whatsoever for any errors or omissions or any losshowsoever arising, directly or indirectly, from any use of the Presentation or its contents or otherwise arising in connection therewith. The distribution of the Presentation incertain jurisdictions may be restricted by law. Persons into whose possession the Presentation comes are required to inform themselves about and to observe any suchrestrictions.

MPC Capital AG, February 2021

AGENDA

| → 2

6. APPENDIX 21

Page 3: 04 / 201902 / 2021 MPC CAPITAL AG

BUSINESS OVERVIEW

MPC CAPITAL AG AT A GLANCEASSET LIGHT MANAGEMENT SERVICES COMBINED WITH FOCUSED INVESTMENT APPROACH | → 3

COMPANY STRUCTURE

SELECTED FINANCIALS

1) Assets under Management (AuM) as of 31 Dec 2020, AuM discontinued products €0.1bn

Revenuein €m

EBTin €m

Equity Ratio

2019 2020

+ Investment Manager and Co-Investor focused on niche areas in selected real asset markets

+ Operating Group Companies with industry leading JV Partners offeringbest-in-class asset management services

+ €4.4bn AuM 1) in more than 300 assets

+ 25+ years experience in deal sourcing, fund raising, asset and investment management

+ Strong corporate balance sheet to capture co-investments

+ Low-correlated asset classes real estate, shipping and infrastructure with a focus on energy transition projects

46.850.5

0.9

1.3 71% 76%REAL ESTATE> 100 assets

SHIPPING> 200 assets

INFRASTRUCTURE> 5 assets

AuM (1)

€1.9bnAuM (1)

€2.2bnAuM (1)

€0.2bn

MPC Capital Group

Total AuM1): €4.4bn > 300 assets

Investment Management and Co-Investments

Broad range of corporate and hands-on management services

Page 4: 04 / 201902 / 2021 MPC CAPITAL AG

| → 4

1. INTRODUCTION 3

2. BUSINESS MODEL 5

3. HIGHLIGHTS 2020 10

4. FINANCIALS 2020 13

5. OUTLOOK 18

AGENDA

6. APPENDIX 21

Page 5: 04 / 201902 / 2021 MPC CAPITAL AG

ITC Fund

ESG Core Residential Fund

Gateway Fund

+ many more Funds and SPVs

INVESTMENT MANAGER

INVESTMENT VEHICLES

OPERATING COMPANIES

THE MPC CAPITAL UNIVERSEMANAGING REAL ASSETS |→ 5

≤100% 0-10%

Page 6: 04 / 201902 / 2021 MPC CAPITAL AG

+ Scalable management and corporate platforms

+ Proven asset sourcing excellence

+ Strong cash generation potential

DEAL-DRIVEN TRANSACTION BUSINESS

+ Co-investment with investors ensures alignment of interests and institutional asset base growth

+ Strong corporate balance sheet to support attractive investment opportunities

ATTRACTIVE RETURNS FROM CO-INVESTMENTS

+ Focus on energy transition related strategies

+ Diversified asset base and a broad range of investment structures at hand

+ Broad range of asset management services

+ 260 employees 1)

RECURRING FEES FROM MANAGEMENT SERVICES

ASSET LIGHT BUSINESS MODELINTEGRATED ASSET MANAGER AND CO-INVESTOR WITH FOCUS ON REAL ASSET MARKETS | → 6

€4.4bn €1.1bn €60.2mAssets under Management 1) 2020 transaction volume Financial Assets

(book value) 1)

1) Year average 2020

Page 7: 04 / 201902 / 2021 MPC CAPITAL AG

ASSET AND INVESTMENT MANAGEMENTSTRONG VALUE PROPOSITION ALONG THE VALUE CHAIN IN THREE CORE ASSET SEGMENTS

OPERATIONS

REAL ESTATE

+ Residential

+ Commercial

SHIPPING+ Container vessels

+ Bulk carriers

+ Tankers

INFRASTRUCTURE

+ Renewable energy

CURRENTPLATFORMS

+ Investment and asset management for residential and commercial properties

+ Development and repositioning projects

+ Focus on core markets in Germany and the Netherlands

+ Investment and asset management for maritime assets, offering services in ship financing and fleet management

+ Fully integrated set of commercial and technical ship management services

+ Active management of energy transition

+ Investment and asset management for onshore wind, solar, PV and energy efficiency projects

+ Strong footprint in markets in Latin America, to be expanded globally with a focus on emerging markets

ASSETS UNDER MANAGEMENT

79%

21%

€1.9bn> 100

90%

10%

€2.2bn> 200

100%

€0.2bn>5

Institutional

Retail

| → 7

Page 8: 04 / 201902 / 2021 MPC CAPITAL AG

FEE AND INCOME GENERATIONDIVERSIFIED INCOME STREAMS FROM HANDS-ON ASSET MANAGEMENT SERVICES AND INVESTMENTS | → 8

SOURCING/STRUCTURINGUnique access to highly attractive assets and individual structuring capabilities

MANAGEMENT

Efficient and high-quality operational services Additional value creation through hands-on approach

EXIT

Extensive experience in developing optimal exit strategies and complex transactions

Development fees

Fund management fees

Asset management fees

Acquisition fees

Performance fees

Sales & exit fees

Man

agem

en

tASSET MANAGEMENT

INVESTMENTS Dividends

Value appreciation

Tran

sact

ion

s

3-6 MONTHS 3-10 YEARS 3-6 MONTHS

1

2

Page 9: 04 / 201902 / 2021 MPC CAPITAL AG

| → 9

1. INTRODUCTION 3

2. BUSINESS MODEL 5

3. HIGHLIGHTS 2020 10

4. FINANCIALS 2020 14

5. OUTLOOK 19

AGENDA

6. APPENDIX 21

Page 10: 04 / 201902 / 2021 MPC CAPITAL AG

HIGHLIGHTS 2020 / Q1 2021NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 10

REAL ESTATE SHIPPING

+ Core: Sizeable increase of the Gateway Fund (Logistics and Light Industrial portfolio) and attractive additions to the ITC Fund (Office portfolio)

+ Value-add: Acquisition of “Beursgallery” (Hudson’s Bay) in Rotterdam in a JV with Angelo Gordon (US-based institutional investor) and NEOO (real estate developer)

THE NETHERLANDS

GERMANY

+ Residential: Launch of ESG Core Wohnimmobilien Deutschland Fundwith first close over €80m in Jan 2021

EXECUTING ON TRANSACTIONSFORMATION OF GLOBAL

CONTAINER SHIPPING HUB

INTEGRATION OF JV’S HARPER PETERSEN AND ALBIS

+ Integration of commercial management platforms for containerships, tanker and bulk carriers into the MPC Capital group

COVID-19 IMPACT

+ Low to moderate, depending on asset class

COVID-19 IMPACT

+ Container: high, but steep recovery

+ Tanker and Bulk carrier: Low to moderate

+ Sale of 50 % of Ahrenkiel Steamship to WSM in July 2020

+ Expansion of technical management platform for container ships

+ Access to Wilhelmsen‘s global network in a genuinely global industry

JOINT VENTURE WITH WILHELMSEN SHIP MANAGEMENT (WSM)

Note: Covid-19 impact assessment specifies the impact during 2020, further developments remain subject to significant uncertainty.

Page 11: 04 / 201902 / 2021 MPC CAPITAL AG

+ Streamlining of cost base and trimming of corporate structure

+ Recurring personnel costs and other OPEX reduced significantly

HIGHLIGHTS 2020 / Q1 2021NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 11

INFRASTRUCTURE CORPORATE

+ Leveraging on growing demand for Energy Transition investments

+ PRI signatory, IIGCC member

+ Several activities and initiatives to support “E” and “S”, e.g. Clinton Global Inititative Action Network, Plan International, Elbstiftung

IMPLEMENTING ESG

+ Sale of a portfolio of 4 solar parks in Spain with 10 MWp

+ Fund was launched by MPC Capital in 2008

+ IRR of 7 % p.a., total return of 190 %

MPC SOLAR PARK EXIT IN JULY 2020

CORPORATE STRUCTURE AND COST MANAGEMENT

SIGNIFICANT GROWTH IN RENEWABLES STREAMLINING CORPORATE STRUCTURE

+ IPO of MPC Energy Solutions at Oslo Stock Exchange with USD 100mPrivate Placement in Jan 2021

+ Capital increases in Caribbean investment platform in Jan and Nov2020, RBC Trust as new cornerstone investor

EXPANSION OF MPC CAPITAL’S RENEWABLE BUSINESS

COVID-19 IMPACT

+ LowCOVID-19 IMPACT

+ Low

Note: COVID-19 impact assessment specifies the impact during 2020, further developments remain subject to significant uncertainty.

Page 12: 04 / 201902 / 2021 MPC CAPITAL AG

| → 12

1. INTRODUCTION 3

2. BUSINESS MODEL 5

3. HIGHLIGHTS 2020 10

4. FINANCIALS 2020 13

5. OUTLOOK 18

AGENDA

6. APPENDIX 21

Page 13: 04 / 201902 / 2021 MPC CAPITAL AG

ASSETS UNDER MANAGEMENT (IN €BN)CROSSOVER 2019 TO 2020: INSTITUTIONAL VS. RETAIL BUSINESS

* Incl. FX valuation

| → 13

3.5(78%)

3.4(79%)

Institutional Retail

COMMENTS

+ Institutional business accounts for 84% of total AUM

+ Assets attributable to institutional business in the amount of €0.5bn have been acquired in 2020, mainly from Real Estate (€0.3bn)

+ Disposals contain mostly from Shipping projects (€0.2bn)

+ Overall reduction of legacy business by €0.3bn

4.5

Additions

1.0(22%)

-0.1

3.5(78%)

3.6(84%)

2019-12 Revaluation*

0.5-0.2

0.1

-0.4

Disposals

0.7(16%)

2020-12

0.50.0

-0.6

4.4

Page 14: 04 / 201902 / 2021 MPC CAPITAL AG

2020 KEY FINANCIALS – P&L HIGHLIGHTSSTRONG INCREASE IN TRANSACTION FEES | → 14

REVENUE EBIT/EBTin €m

COMMENTS

+ Revenue growth and improved operating profitability: Operating profit (EBIT) rises from €-3.8m (2019) to €1.5m (2020)

+ Overall profitability affected by COVID-19-related impairments as well as one-off expenses

2.72.3

2020

5.3

2019

39.2

10.7

46.8

37.1

50.5

Other

Management Services

Transaction Services

2019 2020

0.9 1.3

-3.8

1.5

EBTEBIT

GUIDANCE FY 2021

+ EBT is expected to improve significantly compared to 2020 due to leveraging of synergies and the focus on high-growth, profitable investment strategies

in €m

Page 15: 04 / 201902 / 2021 MPC CAPITAL AG

COMMENTS

+ Management Services: Significant expansion of

Shipping business (incl. integration of tanker

specialist Albis), compensating continuing/

expected decline of retail business

+ Transaction Services: Significant contribution

from Renewable Energies business and higher

transaction activity in Real Estate

+ Financial Result: Lower promote returns

compared to 2019 and COVID-19 related

impairment of Shipping co-investments

+ OPEX: Implementation of cost management

measures

+ Other effects include non-recurring items,

including one-off expenses in connection with

the implementation of the focus strategy

+ Consolidation effects from first-time

proportionate consolidation of Joint Venture

companies

2020 KEY FINANCIALS – EBT BRIDGEPOSITIVE EBT 2020 REFLECTING IMPROVED OPERATING PROFITABILITY DESPITE COVID-19-RELATED WRITE-DOWNS

EARNINGS BEFORE TAX - BRIDGE FY 2019 / FY 2020

| → 15

in €m

*Other effects include non recurring income from the Shipping unit which is matched by cost of purchased services in the same amount ** Year-on-Year effects from proportionate consolidation (50%) of Wilhelmsen Ahrenkiel Ship Management (WASM) as of October 2020 including related non-recurring expenses

0.9

1.9

1.3

5.6 4.8

EBT Actual FY 2019

-2.31.6

Financial Result

Transaction Services

-5.0

OPEX

-3.7

Other effects*

FY 2020 - Like

for like -

-0.6

EBT Actual FY 2020

Consol. effect**

Management Services

Retail

Institutional

Revenue Other P&L effects

Page 16: 04 / 201902 / 2021 MPC CAPITAL AG

44%

32%

24% Real Estate

Shipping

Infrastructure

2020 KEY FINANCIALS – BALANCE SHEET HIGHLIGHTS

CO-INVESTMENT PORTFOLIO ALLOCATION2016 – 2020 (in €m/%)

EQUITY

INVESTMENT PORTFOLIO OF MPC CAPITAL AG HAS SIGNIFICANTLY INCREASED OVER THE LAST YEARS

Excl. minorities (in %), pro forma as of Feb 2021

93 102 11399 96

134 136151 140

127

2016 2017 2018 2019 2020

74% 71%77% Total Balance

Equity

% Equity ratio

76%70%

HIGHLIGHTS

+ Proceeds from capital increases in 2016 and 2018 were consistently

invested in building up a balanced portfolio across real asset classes

+ More than 15 active investment platforms with more than 100 individual

assets

+ Return expectation: > 15%

+ Investments in retail business account for less than 10% of financial

assets and are diversified over a large number of assets

+ Cash position at 31 Dec 2020: €24.8m

| → 16

26.1

47.0

62.2 66.160.2

2016 2017 2018 2019 2020

DEVELOPMENT OF FINANCIAL ASSETS2016 – 2020 (Book value in €m, excl. minorities)

Page 17: 04 / 201902 / 2021 MPC CAPITAL AG

| → 17

1. INTRODUCTION 3

2. BUSINESS MODEL 5

3. HIGHLIGHTS 2020 10

4. FINANCIALS 2020 13

5. OUTLOOK 18

AGENDA

6. APPENDIX 21

Page 18: 04 / 201902 / 2021 MPC CAPITAL AG

ENERGY TRANSITIONSHIFT IN GLOBAL ENERGY CONSUMPTION LEADS TO SIGINIFICANT INCREASE OF INVESTMENT NEEDS |→ 18

WORLD ELECTRICITY GENERATION

1980 1990 2000 2010 2020 2030 2040 2050

60

50

40

30

20

10

0

Units: PWh/yr

Floating offshore wind

Fixed offshore wind

Onshore wind

Solar PV

Nuclear

Gas-fired

Oil-fired

Coal-fired

Hydropower

DNV GL 2021, Historical data source: IEA WEB (2019), IRENA (2019)

CUMULATIVE INVESTMENTS, 2016-2050

18%

35%24%

23%

110USD trillion

USD 37 tnEnergy efficiency

USD 20 tnFossil fuels and other

USD 27 tnRenewables

USD 26 tnElectrification andinfrastructure

IRENA International Renewable Energy Agency

Page 19: 04 / 201902 / 2021 MPC CAPITAL AG

STRATEGY AND GROWTH OBJECTIVESMPC’S MAIN OBJECTIVE IS TO BECOME A LEADING MANAGER FOR REAL ASSETS IN SELECTED MARKETS

+€0.5 - 1.0bn new AuM p.a. at improved margins

EBT margin > 30%

Blended IRR > 15%

Targeted dividend pay-out ratio ~50%

GROWTH OBJECTIVES FINANCIAL TARGETS

| → 19

>

Improve platform profitability2

Income from investment activities3

Strong cash generation potential4

Increase AUM and transaction business1

Page 20: 04 / 201902 / 2021 MPC CAPITAL AG

| → 20

1. INTRODUCTION 3

2. BUSINESS MODEL 5

3. HIGHLIGHTS 2020 10

4. FINANCIALS 2020 13

5. OUTLOOK 18

AGENDA

6. APPENDIX 21

Page 21: 04 / 201902 / 2021 MPC CAPITAL AG

Mar 20BeursgalleryRotterdam

TRACK RECORDMPC CAPITAL INITIATED PROJECTS FOR INSTITUTIONAL CLIENTS | → 21

+0.3

Feb 16Transit I Portfolio

Mar 16StaytooLeipzig

May 16StaytooBerlin I

Sep 16Retail Portfolio + Gateway Fund

Jul 16StaytooBerlin II

Feb 17Transit II Portfolio

Dec 16Paradise Park Jamaica

Apr 17MPC Container Ships I

Jun 17MPCC II

Sep 17MPCC III

Bajes KwartierAmsterdam

Mongolia Wind

Nov 17MPCC IV

Sep 16M-Star Fleet

Mar 17La GuardiaAmsterdam

Jan 17AncoraPortugal

Dec 17The Cloud

Amsterdam

Jan 18Student Housing I (Development)

Jan 18Student Housing II (Stabilized)

Feb 18MPCC V

Aventicum(NL)

Apr 18Blaak16 (NL)

Jun 18Angelo Gordon Portfolio I

TilawindCosta Rica

MPCC VI

2016

2017

2018

Oct 18Angelo Gordon Portfolio II

Staytoo Mainz + Hamburg

2019

Mar/Apr 19Health CareReal Estate

Bulker

Jun 19‘InTheCity’ Fund (NL)

El Salvador Solar

Dec 19BMG portfolio

Dec 18BMG portfolio

Sep 19Harper Petersen JV(Container)

Nov 19AlbisShipping(Tanker)

Jun 19Transit I+II (part.)

AC

QU

ISIT

ION

SEX

ITS

DEAL FLOW SINCE 2016

2020

Jan 20HamburgResidential

Jul 20Solar ParksSpain

INSTITUTIONAL AUM BRIDGE SINCE 2016 (IN €BN)

+0.1

-0.8

2018

+1.2

-0.3

3.5

2.4

-1.2

+0.3

-0.1

+0.8

2017

-0.2

2016

+1.0

1.7

2.32.6

2020

3.6

+0.8

+0.5

-0.4

+0.1

2019

Institutional AuM Additions DisposalsRevaluation

Sep 20Wilhelmsen ASM JV(Container)

2021

Jan 21MPC Energy

Solutions

ESG Fund

Dec 20BMGPortfolio

Page 22: 04 / 201902 / 2021 MPC CAPITAL AG

Stage Volume (€m) Short List (%)

SPA 90 16%

Negotiations 160 29%

Due Diligence 303 55%

Total 552

PROJECT PIPELINEVISIBLE GROWTH THROUGH DETAILED PROJECT SHORT-LIST OF EUR 1.4BN | 22

REAL ESTATE SHIPPING INFRASTRUCTURE

Stage Volume (€m) Short List (%)

SPA 0 0%

Negotiations 251 86%

Due Diligence 37 14%

Total 288

Stage Volume (€m) Short List (%)

SPA 88 17%

Negotiations 294 56%

Due Diligence 141 27%

Total 523

by region by region by region

by investment strategy by investment strategy by investment strategy

100%

Global

100%

Latin America

16%

61%

23%

Wind

Solar PV

Other

13%

7%

80%

Container

Bulker

Tanker57%

43% Commercial

Residential

39%

61%

Germany

Netherlands

Page 23: 04 / 201902 / 2021 MPC CAPITAL AG

FINANCIAL PERFORMANCE 2015 - 2020P&L AND BALANCE SHEET

(in €m) FY 2014 FY 2015 FY 2016

Revenue 34.5 47.8 53.8

Other operating income 20.6 8.5 11.9

Cost of materials/ Cost of purchased services -2.7 -1.1 -1.6

Personal expenses -16.1 -20.6 -26.0

Amortization of intangible assets and depreciation of tangible assets -0.2 -1.3 -1.8

Other operating expenses -23.8 -29.4 -26.4

Operating result (EBIT) 12.4 3.8 9.9

Income from participation 1.2 5.9 3.4

Other interest and similar income 0.9 1.9 1.1

Depreciation of f inancial assets and securities -5.5 -1.1 -0.4

Interest and similar expenses -1.5 -2.7 -4.7

Results of associated companies (at equity) -1.3 3.6 6.4

Result from ordinary activities (EBT) 6.2 11.4 15.7

INCOME STATEMENT

| → 23

(in €m) FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020

Revenue 47.8 53.8 47.3 42.7 46.8 50.5

Other operating income 8.6 11.9 22.7 12.5 9.7 9.9

Cost of materials / Cost of purchased services -1.1 -1.6 -3.1 -3.5 -2.2 -4.5

Personnel expenses -20.7 -26.0 -27.1 -28.6 -28.8 -26.3

Amortization of intangible assets and depreciation of tangible assets -1.3 -1.8 -1.8 -1.8 -2.2 -2.3

Other operating expenses -29.5 -26.4 -24.2 -24.6 -27.1 -25.7

Operating result 3.8 9.9 13.8 -3.2 -3.8 1.5

Income from participation 5.9 3.4 1.7 2.3 7.0 2.8

Other interest and similar income 1.9 1.1 1.3 1.4 2.4 1.8

Depreciation of financial assets and securities -1.1 -0.4 -0.8 -15.5 -1.4 -1.6

Interest and similar expenses -2.7 -4.7 -0.4 -0.8 -0.9 -0.2

Results of associated companies (at equity) 3.6 6.4 1.8 -0.9 -2.5 -3.1

Result from ordinary activities (EBT) 11.4 15.7 17.4 -16.7 0.9 1.3

(in €m) 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020

Long term assets 35.2 38.0 61.7 87.8 81.8 72.1

Current assets 44.9 95.6 73.6 63.4 57.7 54.3

Prepaid expenses 0.1 0.1 0.1 0.1 0.1 0.2

Total assets 80.2 133.7 135.5 151.2 139.6 126.6

BALANCE SHEET

Equity 33.9 93.3 102.2 112.5 99.0 96.3

Provisions 32.6 29.0 20.8 16.3 19.2 18.4

Liabilities 12.1 11.4 12.4 22.0 21.4 11.6

Deferred income 0.1 0.0 0.0 0.5 0.1 0.3

Negative consolidation differences 1.5 0.0 0.0 0.0 0.0 0.0

Total equity and liabilities 80.2 133.7 135.5 151.2 139.6 126.6

Page 24: 04 / 201902 / 2021 MPC CAPITAL AG

FINANCIAL ASSETS AS OF 31 DEC 2020BALANCE SHEET

In EUR million

CO-INVESTMENT PORTFOLIO

DescriptionFinancial

Assets

Current

AssetsMinorities

MPC

Investment

Real Estate 27.7 - (3.1) 24.6

Bajes Kwartier Residential development project in Amsterdam 5.5 - - 5.5

InTheCity Fund Dutch core office property fund 5.4 - (1.4) 3.9

Gateway Fund Dutch logistics and light industrial property fund 4.6 - - 4.6

Eagle German Micro Living operating fund 4.2 - - 4.2

Angelo Gordon Dutch mixed portfolio deal 2.3 - (0.6) 1.7

SHV I German Micro Living development fund 1.8 - - 1.8

Retail Dutch retail portfolio 1.2 - (0.6) 0.7

Transit II Dutch value-add office portfolio 1.1 - (0.4) 0.7

Other 1.5 - - 1.5

Shipping 16.7 - (3.5) 13.2

MPC Container Ships Oslo-listed Container Shipping platform 10.5 - - 10.5

Single Managed Accounts Investments in shipping projects 5.7 - (3.5) 2.2

Other 0.5 - - 0.5

Infrastructure 4.0 0.6 - 7.4

CCEF MPC Caribbean Clean Energy Fund 3.7 0.6 - 4.3

Other 0.2 - - 0.2

Total 48.3 0.6 (6.6) 42.3

Total 18.9 - (0.4) 18.5

Group Balance Sheet 67.2 (6.9)

I. Co-Investments

II. Other Financial

Investments

| → 24

Page 25: 04 / 201902 / 2021 MPC CAPITAL AG

ULF HOLLÄNDER Chief Executive OfficerReal Estate Netherlands, Infrastructure

Previously CFO of MPC Capital and positions at Hamburg-Süd

DR. AXEL SCHROEDER

Chairman of the Supervisory Board since 2015

Previously 15 years as CEOof MPC Capital AG

JOACHIM LUDWIG

Member of the Supervisory Board since 2015

Executive Board memberof Ferrostaal GmbH

CONSTANTIN BAACK Executive Board MemberShipping

Previously at Ernst & Young and Hamburg-Süd

DR. OTTMAR GAST

Member of the Supervisory Board since 2018

Previously CEO and Chairman of theAdvisory Board of Hamburg-Süd

DR. PHILIPP LAUENSTEIN Chief Financial Officer

Previously at MPC Container Ships ASA

DR. KARSTEN MARKWARDT (until 31 March 2021)Executive Board MemberLegal & Compliance

Previously General Counsel at Talkline Group

SUPERVISORY BOARD

MANAGEMENT BOARD

MANAGEMENT TEAM| → 25

DR. IGNACE VAN MEENEN (until 31 March 2021)Chief Sales Officer (CSO)Real Estate Germany

Previously Deutsche Bank, RAG (Evonik), DIC Immobiliengruppe, Rickmers Group

Page 26: 04 / 201902 / 2021 MPC CAPITAL AG

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2019 2020 2021

SHAREHOLDER STRUCTURE

CAPITAL MARKET PROFILEPUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP | → 26

SHARE PRICE

LISTING INFORMATION & VALUATION METRICS

48%44%

8%

MPC Group

Freefloat

Thien & HeyengaMPC Capital

Segment / Index SCALE (FSE) / -

3 Mth Avg Volume 1) ~30,000

Market capitalization 1) €82.5m

Financial assets (book value) 2) €60.2m

Cash & cash equivalents 2) €24.8m

Price-to-Book ratio 1) 0.92

ANALYSTS

Institution Recommendation Target (€) Last update

Baader Helvea Add 2.60 18 Feb 2021

Edison Research - - 03 Sep 2020

Warburg Research Buy 4.00 19 Jan 2021

1) Source: Bloomberg, 24 Feb 2021 2) As of 31 Dec 2020

35.2mshares

2019 2020

Page 27: 04 / 201902 / 2021 MPC CAPITAL AG

+ 25 FEBRUARY 2021 Publication of Annual Report 2020

+ 21 APRIL 2021Annual General Meeting, virtual

+ 12 MAY 2021Press release Q1 key figures

+ 26 AUGUST 2021 Publication of half-year financial report 2021

+ 18 NOVEMBER 2021Press release Q3 key figures

+ NOVEMBER 2021Eigenkapitalforum / Analyst conference, virtual

INVESTOR RELATIONSIR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR

CONTACT

TRADING INFORMATION

Segment SCALE (FSE)

ISIN DE000A1TNWJ4

First day of trading 28 Sep 2000

Designated Sponsors M.M.Warburg, Baader Bank

Index SCALE ALL SHARE

FINANCIAL CALENDAR 2020

STEFAN ZENKERHEAD OF INVESTOR RELATIONS

MPC MÜNCHMEYER PETERSEN CAPITAL AG

Palmaille 67

22767 Hamburg

D +49 40 380 22 - 43 47

M +49 151 14 55 71 77

[email protected]

www.mpc-capital.com

| → 27