1 - Apre
Transcription
1 - Apre
S.R.I.B. Group 14 May 2014 1 Company presentation Mission Diversified financial solutions through dedicated business units To support SMEs growth and creation in the Brussels-Capital Region To perform delegated projects for the Brussels Region Set up in 1992 Key figures Financing of startups Focus on innovative projects Creation: 1984 Shareholding: 73% Brussels Region 27% Institutional Set up in 1984 Financing of Brusselsbased SMEs: • • Growth capital Capital Buyouts financing Set up in 2001 Equity = €131 mios Micro-finance & social economy 35 headcounts Set up in 2010 Financing of exporting SMEs Portfolio +/- 300 Brussels companies are currently funded by the SRIB : Set up in 2006 Cofinancing with banks (pari passu) Brucofin + Delegated missions on behalf of the Brussels Capital Region : « Fonds Bruxellois de Garantie » and « SFAR » (construction of social and middle class accomodations) Some companies in portfolio Current portfolio includes investments in nearly 300 Brussels-based businesses End 2012 45 companies in equity (or financed with mixed instruments equity + loan) 246 companies financed by a loan Total of 291 companies in portfolio SRIB in the Brussels financial landscape Alternative financing No sectoral specificity Equity or long term Debt Regional focus – proximity with supported companies Leverage effect Partnership mindset: • Personalized support • Strong image SRIB Capital-development Purpose: Companies growth, transmision and/or reorganization For brussels based SMEs Eligibility: Brussels-based SME’s (head office and operating headquarters) No sectorial specificity (excluding real estate and non ethics activities) Form: Equity - mezzanine financing - long term loan Tailor made financing Equity: • Minority Stake • Next to other investors or not • Requirements: Partnership mindset Growth potential Return in line with project risk Exit options (5 to 7 years) Amounts: Loan: • Limited collateral • monthly installments • Term : 4 - 7 years • Interest rate : depending on risk 100 k€ minimum (average 500k€ 1st round) SRIB Radionomy is a free groundbreaking platform that is changing the way connected people from around the world discover, listen to and create online radio stations Examples Convertible loan : 1M€ Jobs: 27 people in Brussels Cameleon is the leading private sales outlet in the Benelux 2 private sales venues Alongside its physical sites, Cameleon also developped Snapstore, a private online sales space Jobs: 230 people in Brussels Equity stake : 500 k€ Loan : 3,5 M€ Brustart Start up financing Purpose: Young and innovating start ups financing Eligibility: Form: Starter companies : < 5 years old Based in Brussels Innovating (in various aspects: technology, services, sales,…) Focus on ICT sector Equity - mezzanine financing - long term loan Tailor made financing Equity: • Minority Stake • Next to other investors or not • Requirements: Partnership mindset Growth potential Return in line with project risk Exit options (5 to 7 years) Amounts: Loan: • Limited collateral • monthly installments • Term : 4 - 7 years • Interest rate : depending on risk Max €250k Max €150k for ICT pre-commercialization project Brustart Examples Vadis Smart Business Intelligence Methodologies and Processes boosting Sales Effectiveness, Risk Management and Big Data Analytics Loan : 150 k€ Jobs: 21 PROXYCLICK Applications that simplify office life for employees. Specialized in processes typically managed by the Facility Manager and/or the Office Manager, providing an integrated communication platform between them, employees and suppliers. Jobs: 7 Loan : 180 k€ Brusoc Micro-finance Purpose: Financial support for companies located in the « Zone d’Intervention Prioritaire » in Brussels through local and sustainable job creation Support from European Regional Development Fund (ERDF) Eligibility: Form: Everyone or small company not eligible for bank support Located in the « Zone d’Intervention Prioritaire » Starter or already established « Micro-crédit » • For self employed • Loan: 1,250 – 25,000€ • Required personal contribution : 620€ • Interest rate : 4% • Constant monthly instalments • Term:2-5 years « Fonds d’amorçage » • SMEs • Loan: max 95,000€ • Required personal contribution : 6,200€ • Interest rate : 4% • Constant monthly instalments • Term:2-5 years « Crédit de trésorerie » • • • • SMEs or self employed Loan: max 7,500€ Interest rate : 5% Constant monthly instalments • Term:1 year « Prêt subordonné » • Social integration companies • Loan or equity: max 95,000€ • Interest rate : 4% • Constant monthly instalments Brusoc Examples KAMILOU SPRL Histoires de Femmes SPRL Activity: costume jewellery sales Loan : 15,000€ Headcount: 1 Localisation: Atelier des Tanneurs SECRET GOURMAND SPRL Activity: Sales and production of homemade pies Loan: 20,000€ Headcount:3 Localisation: Atelier des Tanneurs Activity : Restaurant Loan: 83,000€ Headcount:18 Localisation: Village Partenaire Brucofin Cofinancing Mission: To facilitate LT financing of Brussels-based SME’s Sociétés éligibles: Based in Brussels No sectoral specificities Modes d’intervention: LT loans (min. 2 years) Cofinancing pari passu with a bank Investments, buy outs, working capital needs Montants: B2E loan = max. 50 % of the needed financing Min. 100k€ - Max. 2 millions € Procédure: Request to be introduced by the bank institution Decision process : 15 days Brucofin Examples The Egg The Egg is offering original et modular spaces for various purposes, ranging from simple meeting room into a large press room or prestigious hall for a business reception or walking dinner Loan : 600 k€ Jobs: 4 Beweb (Kadensa) Kadensa is a holding company, main shareholder of Beweb, a web advertising agency Jobs: 20 Loan : 450 k€ Exportbru Export support Purpose: International expansion: Investments to be made in connection with the launch of an export activity (expansion of the production facility, costs of adapting the products to the new markets, ….) and working capital needs Investment projects abroad: launch of a subsidiary abroad, acquisition of a foreign company or setting up of a joint-venture, … with the objective to strengthen the activities of the operating base in Brussels Eligibility: Companies located in Brussels (head office and operating headquarters) More than 3 headcounts and more than 2 years old Amounts: Financing from € 50.000 to € 500.000 (or higher amount in some cases) Complementary to additional financing sources (equity, banks, …) Up to 50% of the global financing needs Form: Exportbru financing can take various forms : equity, convertible bonds, non secured loans, … Custom-made financing, suited to the needs and the current situation of the company and also to the purpose of the financing In case of a loan: • Lending Term: from 4 to 7 years • Repayment profile: generally, amortisation of the principal loan in monthly payments and during the term of the loan • Possible initial reimbursement-free period • Rate : interest rate in line with the risk profile assumed by Exportbru • Standard rate: 6% (fixed rated) • Generally, non secured loan (quasi-equity instrument) In case of equity • Minority participation (max 30%) • Necessary conditions: Growth potential Shared vision of the partnership Possible return and exit with a time horizon of 5 to 7 years 1. Financing Export Object: Example Tangible and intangible investments and working capital related to the exporting activity Brussels company active in the production and the sale of food products Amount: Financing from €50k to 500k Up to 50% of the global financing need Project: commercial launch on three new markets – employment of 3 sales people dedicated to the prospection of these markets Estimation of the financing need Sales force - costs 6 months 120k Travel expenses / accommodation - costs 6 months 30k Costs of adapting products 60k Form: Commercial brochures & various costs 40k Different forms possible: loan, capital (minority participation) or mixed instrument Working capital (including stock) 50k No standard product / Custommade financing Total: 300k Planned financing: 4-year loan Exportbru For the remaining 50% : self-financing + financial incentives BIE 150k 2. Financing implementation abroad Object: Investments related to the creation of a new operating site abroad (creation of a subsidiary, succursale, acquisition of a foreign company, joint-venture) Example Brussels SME in the ICT sector – Taking of a majority participation in a computer company based in France Estimation of the financing need: Purchase price of the shares 750k Amount: Reinforcement of equity new french subsidiary 250k Financing from €50k to 500k Global need: 1.000k Up to 50% of the global financing need Planned financing: Form: 7-year loan Exportbru Various forms are possible: loan / equity / mixed instruments For the remaining 50% : Self-financing & bankloan for the balance No standard product but custommade financing 500k Exportbru Sigma Conso is offering a comprehensive range of software products and services in the field of Corporate Performance Management, including statutory, management and budgetary consolidation and management reporting. Examples Loan : 350 k€ Headcount : 23 EXKi is a restaurant where you can enjoy local, natural and seasonal ingredients and recipes. From breakfast to dinner, EXKi has you covered offering healthy meals that are ready when you are! Headcount : 800 Loan: 250 k€ SRIB Group Processes Process 1. Submitting your financing request • General information about the company (history, management, shareholders, products and market, competition, export activity, financial statements, …) • Detailed description of the projet Financial forecasts • Financing request 2. Meeting with an analyst 3. Additional Q & A 4. Presentation to the Board Timing of decision +/- 1 month for a loan +/- 3 months in case of an intervention in capital Main Investment Criteria • Track record of the company (if not starter) • Professionalism and continuity of the management team • Sustainable project / in adequation with the human and financial ressources of the company • Growth potential in international markets (for Exportbru) • Added value for the Brussels Region (employment, innovation, …) Team and Contacts Committee • • • • Serge Vilain, CEO Jean-Luc Vanraes Eddy Van Gelder Etienne-Jean Noël Team srib • Barbara Roose • Sarah Unger • Julien Jacquet [email protected] [email protected] [email protected] Exportbru • Sandrine Evrard [email protected] Brucofin • Sophie de Jaer [email protected] Brusoc • • • • [email protected] [email protected] [email protected] [email protected] Brustart Hamed Ben Abdelhadi Nawfal Jorio Mamadou Cherif Ly Lionel Surmont Contact: Rue de Stassart 32 1050 Brussels Tel : 02/548.22.11 Fax : 02/511.90.74 Visit our website www.srib.be 2 Appendices 1 Investissements 2013 Nombre d'investissements 78 projets ont été financés pour un montant total de 9,9 Moyenne par dossier en capital en prêt total 4 6 10 5.288.719 528.872 3 3 425.000 141.667 55 55 1.564.900 28.453 3 3 1.075.000 358.333 7 7 1.595.000 227.857 74 78 9.948.619 127.546 mios Total Montant investi (en EUR) 4 Evolution des investissements depuis 5 ans 2 Portefeuille au 31.12.2013 Fin 2013, la valeur nette comptable du portefeuille Participations en capital Prêts sur sociétés avec lien de part. Autres prêts Total en % 14.536 11.813 12.106 38.455 59% 4.200 6% 1.789 3% 337 0,5% 6.023 6.078 9% 11.661 11.661 18% 2.604 2.706 4% 100% 4.200 604 s’élève à € 65,2 mios (€64,7 mios € fin 2012) 1.185 337 55 102 Répartition de la VNC par filiale Total fin 2013 en % Total fin 2012 en % • • 19.778 11.868 33.579 65.225 30% 19% 51% 100% 19.934 12.442 32.367 64.743 31% 19% 50% 100% Données en K€ Les 47 sociétés dans le capital desquelles nous sommes présents représentent 49% de la valeur nette du portefeuille: 30% investi en capital, 19% sous forme de prêts. 51% du portefeuille est investi exclusivement sous forme de prêts. Le groupe SRIB soutient plus de en RBC Entreprises de moins de 10 personnes: Entreprises de 11 et 50 personnes: - Entreprises de 51 à 100 personnes: - Entreprises de plus de 100 personnes: - 20.000 emplois 180 entreprises financées 18% du montant investi 90 entreprises financées 22% du montant investi 9 entreprises financées 6% du montant investi 20 entreprises financées 54% du montant investi Répartition des sociétés en portefeuille suivant le personnel occupé SRIB HELLOBRU BRUSTART Moins de 10 personnes 23 20 Entre 11 et 50 personnes 28 10 Entre 51 et 100 personnes 2 De plus de 100 personnes 10 1 Total 63 1 30 BRINFIN B2E EXPORTBRU BRUSOC Total 13 3 121 180 26 8 17 90 3 4 3 1 4 1 20 4 43 19 139 299 1 9 Ventilation suivant le secteur d’activité Top 5 sectoriel en montant Top 3 sectoriel en nombre d’entreprises 1. Communications & médias: 42% 2. Alimentaire : 13% 3. Services B2C : 12% 4. Services B2B : 8% 5. ICT : 6% 1. Services B2C : 26% 2. Alimentaire : 16% 3. Services B2B : 12% impact prépondérant des métiers généralement financés par Brusoc (TPE) Répartition sectorielle de la valeur nette comptable EXPORTBRU BRUSOC Total En % Nombre En % 1.119 494 421 69 207 1.212 2.580 160 19 168 56 789 310 889 64 2.942 113 1.957 165 311 116 83 2% 49 9 25 9 25 2 37 77 19 9 24 8 6 16% 1.003 8.265 1.971 27.530 1.517 3.648 457 5.488 7.803 3.258 1.647 1.016 1.248 1.377 13% 55 100% 299 100% SRIB 1 Secteur alimentaire 844 3 Communication & Medias 19.171 4 Audiovisuel 1.274 5 Informatique & Electronique 1.597 7 Services B2B 8 Services B2C 9 Textile, confection et manufacture 10 Biotech et Santé HELLOBRU BRUSTART 6.119 2 Construction & Immobilier 6 Télécommunications 4.200 57 B2E 400 5 6.590 1.008 3.017 101 1.469 178 261 12 Développement durable 525 170 13 Fonds d'investissement 1.063 314 Données en K€ BRINFIN 113 11 Transports Total En nb sociétés 38.455 331 4.200 1.789 424 500 337 140 11.661 6.078 53 2.706 65.225 3% 42% 2% 6% 1% 8% 12% 5% 3% 2% 2% 3% 8% 3% 8% 1% 12% 26% 6% 3% 8% 3% 2%