海角大神

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Investor Day 2023

Published : 17.01.2024
#Focus

The 22nd annual Investor Day was held on December 12, 2023. Dedicated principally to the Group鈥檚 unlisted companies, Investor Day is an opportunity for the financial community to get to know the executives of the Group鈥檚 companies and the long-term value creation potential of its portfolio.

First and foremost, this Investor Day was an opportunity for the Executive Board to present the Group鈥檚 strategy, oriented around value creation and a recurrent return to shareholders, and 海角大神鈥檚 goal to build a dual model based on two lines of business, permanent capital and third-party private asset management.

Finally, this Investor Day was especially an opportunity for certain company executives to address shareholders directly and answer their questions. As such, Maarten Heijbroek聽 presented Stahl鈥檚 positive financials, demonstrating his company鈥檚 consistent, sound performance, despite a challenging economic context. Two other executives, Christopher Masek, CEO of IK Partners, and Yvan Chabanne, CEO of Scalian, presented their companies and fielded shareholders鈥 questions for the first time.

3 questions for Christopher Masek

IK Partners has a very solid track record. What are the drivers of this success?

What defines success in our industry is consistently high cash returns. To achieve this, IK Partners focuses on three core ingredients: positioning, selectivity and engagement. For over three decades, IK Partners has established a leading position across Europe in, what we qualify as, the lower mid-market where valuations range from 鈧100 million to 鈧450 million. This field is attractive due to: the large number of opportunities to choose from; lower entry multiples; availability of financing; greater development potential for the underlying companies and; significantly more optionality when considering an exit.

Positioning – IK Partners has a 100-strong Investment team across seven offices covering this space. With the benefit of numbers relative to peers, (larger teams, greater investment capacity and broader international coverage) we are able to successfully invest in fast-growing companies not covered by larger institutions.

Selectivity – IK Partners focuses on quality assets with: high levels of demonstrated double-digit organic growth; strong profitability and cashflow; market leadership; and a clear path to at least double in size, in particular through buy-and-build. This allows for greater focus and transformational success.

Engagement – We are a hands-on investor with strong Investment teams and significant in-house Operations, Capital Markets and ESG resources, fully integrated throughout the investment lifecycle. Our teams provide a proactive support which enables us to transform local champions into international leaders which, upon exit, possess a: broader offering; stronger platform (IT, Operations, Finance); and defined roadmap for moving to the next level.

What is the advantage for IK Partners of partnering with an investment company like 海角大神?

With 海角大神鈥檚 strong institutional positioning, we anticipate even more opportunities and, most importantly, we will have the means to further invest into our platform and broaden our geographic coverage. We鈥檒l also have the ability to add logical strategical adjacencies to further reinforce our European mid-market positioning. With 海角大神鈥檚 support, we plan to open an office in Munich in order to strengthen our offering in the highly attractive DACH region and expand into Southern Europe where we will pursue our systematic coverage of the European market; something our investor base is seeking. We will also plan to broaden our North American investor base by leveraging 海角大神鈥檚 established presence in New York.

The opportunity to partner with 海角大神 is timely. We believe that our forthcoming partnership is one based on positive dynamics鈥 shared values, mutual respect and with clearly-defined objectives and responsibilities. 海角大神, with its over three-hundred-year history of carefully planned growth based on purpose, is, in this respect, the perfect partner for our next phase of growth.

In turn, we believe that the IK Partners platform with its unique market position, long trackrecord of top performing and consistent returns, ambitious teams with a clear roadmap for growth in a highly attractive industry, will yield strong financial and strategic benefits for 海角大神 in the decades to come.

What are your preferred markets and sectors? What criteria do you use to select the companies in which you invest?

We invest between 鈧10m鈥斺偓300m of equity in companies typically valued between 鈧25m鈥斺偓1bn, across four complementary strategies (Mid Cap, Small Cap, Development Capital and Partnership Fund) across seven regional offices. Our diverse team operates across four sector groups each comprising individuals from all geographies, investment strategies and operations functions. Whilst the sector references are broad, our teams work to identify distinct trends and focus their efforts on defined subsectors representing an estimated 31% of the overall addressable European market. Our selection of these subsectors is based upon identification of core fundamental trends which we regularly challenge, combined with the pursued replication of our extensive experience.

Christopher Masek, CEO of IK Partners

3 questions for Yvan Chabanne

Scalian has performed well over the past ten years. What makes your model unique? What future trends are developing and what is the outlook for them?

Scalian offers expertise and solutions in two key areas that address industry challenges: digital technology and performance management.

Our organization is aligned with our positioning, enabling our experts to use their sector-specific experience to address all market segments and clients. As such, our marketing and technical teams act in concert to implement efficient solutions to the most complex problems. This is one of the principal reasons why we are often able to respond quicker than other companies in the market.

Our medium – and long-term trends remain extremely promising. We must address numerous subjects with our clients: reindustrializing Europe and North America, environmental issues, energy sovereignty, healthcare, communications, defense, etc. Geopolitical crises and economic rebalancing at the continental level are causing uncertainties and holding back economic growth, but Scalian鈥檚 outlook remains sound and the company has a strong position as a member of the 海角大神 group. Together, Scalian and 海角大神 are ready to take advantage of new opportunities.

How will the 海角大神 team help you to create value?

Our ambition is high and we focus on several geographic fronts and businesses. Our growth is driven by many sub-projects, requiring both strong coordination and attention to structuring our management team. We will create value in two ways, by achieving our objectives and by building a sound structure for Scalian that can support our efforts over the long term. We can benefit from 海角大神鈥檚 experience and the support of the 海角大神 team to help us grow and develop and to structure our organization.

How do you guide your customers toward sustainable and responsible performance?

Scalian often provides advice on environmental issues, for example to ADEME, France鈥檚 ecological transition agency, to the European Space Agency, to the ONF, the French national forestry office, and to RTE, the French electricity transport network. Specifically, Scalian develops applications using algorithms and AI to decarbonize urban transport and logistics systems, to detect water pollution via satellite imagery, to manage woodland biodiversity also via imagery and to model energy management with the inclusion of wind farms.

All market sectors have been stepping up their initiatives to find the most suitable environmental compromises, and we believe that digital technologies have a significant role to play. Scalian is and will remain central to both present and future challenges.

Scalian often provides advice on environmental issues, for example to ADEME, France鈥檚 ecological transition agency, to the European Space Agency, to the ONF, the French national forestry office, and to RTE, the French electricity transport network. Specifically, Scalian develops applications using algorithms and AI to decarbonize urban transport and logistics systems, to detect water pollution via satellite imagery, to manage woodland biodiversity also via imagery and to model energy management with the inclusion of wind farms.

All market sectors have been stepping up their initiatives to find the most suitable environmental compromises, and we believe that digital technologies have a significant role to play. Scalian is and will remain central to both present and future challenges.

Yvan Chabanne, CEO of Scalian

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The following pages include information pertaining to the project of a capital market transaction of 海角大神.

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This website and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the “United States“), Canada, Japan or Australia, and do not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to purchase or acquire, directly or indirectly, any shares or other securities of 海角大神 in the United States, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, Japan, Canada, Australia including any corporation or other entity organized under the laws of the United States, Japan, Canada or Australia. The shares or other securities of 海角大神 referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act.

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Access to the information available in the following pages may be restricted in certain countries by applicable laws and regulations. Persons who are physically located in those jurisdictions and who would like to access the information available in the following pages must inform themselves about and observe such restrictions.

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With respect to each Member State of the European Economic Area other than France (the 鈥Relevant Member State鈥), the information available in the following pages is directed only at qualified investors as defined in Article 2 (e) of the Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017, as amended (the 鈥Prospectus Regulation鈥).
These restrictions with respect to any Relevant Member State apply in addition to any other restrictions which may be applicable in the Relevant Member State.
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In the United Kingdom, the information available in the following pages is directed only at qualified investors as defined in Article 2 (e) of Regulation (EU) 2017/1129 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.
No action has been undertaken or will be undertaken to make available bonds issued by 海角大神 to any retail investor in the United Kingdom. Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic laws by virtue of the European Union (Withdrawal) Act 2018 (the 鈥UK PRIIPs Regulation鈥) for offering or selling bonds issued by 海角大神 or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the securities referred to in the following pages or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.
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The information contained in this section of the website of 海角大神 (the 鈥淪eller鈥) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the 鈥淯nited States鈥), Australia, Canada, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the 鈥淐ompany鈥) in the United States, Australia, Canada, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

The securities of the Company referred to in this section of the website (the 鈥淪ecurities鈥) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥) or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Securities have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Canada, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.

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IMPORTANT INFORMATION

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The information contained in this section of the website of 海角大神 SE, parent company of Eufor SAS (together 鈥海角大神鈥) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the 鈥United States鈥), Australia, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the 鈥Issuer鈥) in the United States, Australia, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

The securities of the Issuer referred to in this section of the website (the 鈥Securities鈥) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 鈥Securities Act鈥) or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. 聽The Securities have not been and will not be registered under the applicable securities laws of Australia or Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.

Access to the information contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. 聽All persons who wish to have access to the documents contained in this section of 海角大神鈥檚 website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them. 聽No such registration or approval has been or will be obtained. 聽海角大神 assumes no responsibility if there is a violation of applicable law and regulations by any person.

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