MPC Münchmeyer Petersen Capital : INTERIM FINANCIAL REPORT 2023

INTERIM FINANCIAL REPORT 2023

Committed to create value



MPC CAPITAL

AT A GLANCE

We have been identifying investments in our attractive core markets for more than 25 years. As at 30 June 2023 we had a total volume of around EUR 4.0 billion assets under management.

REAL ESTATE

RENEWABLES

SHIPPING

MPC Capital Group in figures

EUR '000

Income Statement

Revenue

Earnings before taxes (EBT)

Earnings before taxes (EBT adj.)

Consolidated net profit

Assets under management / Balance Sheet

Assets under management (EUR billion)

Total assets

Financial assets

Liquidity2

Equity

Equity ratio

Employees

Employees (average total)3

Personnel expenses

• Adjusted for the one-off proceeds from the sale of the Dutch real estate activities.
  2 Cash in hand and bank balances .
  3 Of which 47 at joint ventures (H1 2022: 47) .

H1 2023

17,151

9,213

9,213

7,914

30 June 2023

4.0

141,922

45,735

70,872

122,075

86.0%

H1 2023

157

9,418

H1 2022

18,733

24,342

7,8811

22,847

31 December 2022

4.2

150,792

54,923

69,068

123,189

81.7%

H1 2022

169

9,639

EUR 4.0 bn	over EUR 20 bn	approx. 200
Assets under Management	Investment volume	Assets

Interim Financial Repor t 2023   MPC Capital AG  2



MP C C A PITA L IS A GL OB A L A S SE T A ND INVESTMENT

M A N AGER F OR RE A L A S SE T S F OCUSING ON RE A L ESTATE , RENE WA BL ES A ND SHIPPING .

We select, launch, develop, structure, actively manage and sell

­investments. Drawing on our many years of experience, we enable institutional investors to access attractive investments in dynamic markets offering opportunities for growth and returns. Our work is guided by the interests of our clients and we strongly believe in the projects in which we co-invest. We incorporate sustainability principles into all of our decision-making.

With its focus on profitable growth, our robust business model

provides­ a strong foundation for covering the funding requirements of forward-looking global projects, including in selected niche ­markets. As a listed and responsible company with a strong family background, we have the financial and organisational flexibility

to further expand our excellent position in the market.

Contents

• MPC Capital at a glance

• Foreword by the Management Board
  6 MPC Capital shares

1. Interim Group Management Report

1. Condensed Interim Consolidated Financial Statements

18 Consolidated Balance Sheet

1. Consolidated Income Statement
2. Consolidated Statement of Changes in Equity

1. Consolidated Cash Flow Statement
2. Condensed Notes to the Consolidated Financial Statements

1. Review Report

Interim Financial Repor t 2023   MPC Capital AG  3



FOREWORD BY THE MANAGEMENT BOARD

Interim Financial Repor t 2023   MPC Capital AG  4

Foreword by the Management Board

F.l.t.r.: Constantin Baack,

Ulf Holländer (Chairman),

Dr Philipp Lauenstein

Dear Shareholders,

We can look back on an economically very successful first half of 2023, which once again demonstrated the high resilience of our business model. Although the geopolitical and macroeconomic conditions remained challenging, we maintained our operating performance at a high level and further improved profitability.

Adjusted for the non-recurring effect of the sale of our Dutch real estate activities, which had brought in extraordinary income in the previous year, we increased our earnings before taxes from EUR 7.9 million to EUR 9.2 million in the first six months of this year. We were able to effectively compensate for the loss of revenue from the sold Dutch real estate business by increasing our revenues from other areas.

As was to be expected in the current macroeconomic environment, transaction business was still somewhat subdued in the first half of the year. Transaction fees declined from EUR 5.0 million in the previous year to EUR 3.1 million in the first six months of this year. Nonetheless, we initiated several attractive deals in all three asset classes, which should translate into an increase in transaction fees in the second half of the financial year.

Yet again, our business model has served us well as an anchor of stability throughout highly volatile market phases. As a diversified real asset specialist, we are able to capitalise on opportunities arising in various markets and to compensate for temporary weaknesses in other segments.

An example from our Shipping segment: the market for tankers was exceptionally strong at the beginning of the year. We sold off two projects during this period - with outstanding returns for our clients and our own co-invest- ments. Then, in the middle of the year, we had an attractive opportunity to acquire a fleet of ultramodern, efficient feeder container ships representing an investment volume of around USD 150 million.

In addition to the expected increase in transaction fees, the second half of the year will see a steady stream of income from our co-investments and a solid asset portfolio worth around EUR 4 billion, enabling us to generate predictable, recurring revenues. All in all, we consider ourselves to be in an excellent position to achieve our targets for this year.

Kind regards,

The Management Board of MPC Capital AG

Ulf Holländer (Chairman)

Constantin Baack

Dr Philipp Lauenstein

Interim Financial Repor t 2023   MPC Capital AG  5