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%