S.R.I.B. Group. 14 May 2014

Transcription

1 S.R.I.B. Group 14 May 2014

2 1 Company presentation

3 Mission To support SMEs growth and creation in the Brussels-Capital Region To perform delegated projects for the Brussels Region Key figures Creation: 1984 Shareholding: 73% Brussels Region 27% Institutional Equity = 131 mios 35 headcounts Set up in 2001 Micro-finance & social economy Diversified financial solutions through dedicated business units Set up in 1992 Financing of startups Focus on innovative projects Set up in 2010 Financing of exporting SMEs Set up in 1984 Financing of Brusselsbased SMEs: Growth capital Capital Buyouts financing 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)

4 Some companies in portfolio Current portfolio includes investments in nearly 300 Brussels-based businesses End companies in equity (or financed with mixed instruments equity + loan) 246 companies financed by a loan Total of 291 companies in portfolio

5 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

6 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) Loan: Limited collateral monthly installments Term : 4-7 years Interest rate : depending on risk Amounts: 100 k minimum (average 500k 1st round)

7 SRIB Examples 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 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 Equity stake : 500 k Loan : 3,5 M Jobs: 230 people in Brussels

8 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) Loan: Limited collateral monthly installments Term : 4-7 years Interest rate : depending on risk Amounts: Max 250k Max 150k for ICT pre-commercialization project

9 Brustart Examples Vadis Smart Business Intelligence Methodologies and Processes boosting Sales Effectiveness, Risk Management and Big Data Analytics 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. Loan : 150 k Loan : 180 k Jobs: 7

10 Brusoc Micro-finance Purpose: Eligibility: 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) Everyone or small company not eligible for bank support Located in the «Zone d Intervention Prioritaire» Starter or already established Form: «Micro-crédit» «Fonds d amorçage» «Crédit de trésorerie» «Prêt subordonné» For self employed Loan: 1,250 25,000 Required personal contribution : 620 Interest rate : 4% Constant monthly instalments Term:2-5 years SMEs Loan: max 95,000 Required personal contribution : 6,200 Interest rate : 4% Constant monthly instalments Term:2-5 years SMEs or self employed Loan: max 7,500 Interest rate : 5% Constant monthly instalments Term:1 year Social integration companies Loan or equity: max 95,000 Interest rate : 4% Constant monthly instalments

11 Brusoc Examples 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 KAMILOU SPRL Activity : Restaurant Loan: 83,000 Headcount:18 Localisation: Village Partenaire

12 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

13 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 Loan : 450 k Jobs: 20

14 Exportbru Export support Purpose: Eligibility: Amounts: Form: 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 Companies located in Brussels (head office and operating headquarters) More than 3 headcounts and more than 2 years old Financing from to (or higher amount in some cases) Complementary to additional financing sources (equity, banks, ) Up to 50% of the global financing needs 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

15 1. Financing Export Object: Tangible and intangible investments and working capital related to the exporting activity Example Brussels company active in the production and the sale of food products Project: commercial launch on three new markets employment of 3 sales people dedicated to the prospection of these markets Amount: Financing from 50k to 500k Up to 50% of the global financing need Form: Different forms possible: loan, capital (minority participation) or mixed instrument No standard product / Custommade financing Estimation of the financing need Sales force - costs 6 months Travel expenses / accommodation - costs 6 months Costs of adapting products Commercial brochures & various costs Working capital (including stock) Total: Planned financing: 4-year loan Exportbru For the remaining 50% : self-financing + financial incentives BIE 120k 30k 60k 40k 50k 300k 150k

16 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) Amount: Financing from 50k to 500k Up to 50% of the global financing need Form: Various forms are possible: loan / equity / mixed instruments 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 Reinforcement of equity new french subsidiary 250k Global need: 1.000k Planned financing: 7-year loan Exportbru 500k For the remaining 50% : Self-financing & bankloan for the balance No standard product but custommade financing

17 Exportbru Examples 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. 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! Loan: 250 k Headcount : 800

18 SRIB Group Processes Process Main Investment Criteria 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 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, ) Timing of decision +/- 1 month for a loan +/- 3 months in case of an intervention in capital

19 Team and Contacts Committee Team Serge Vilain, CEO Jean-Luc Vanraes Eddy Van Gelder Etienne-Jean Noël srib Brustart Barbara Roose Sarah Unger Julien Jacquet Exportbru Brucofin Brusoc Sandrine Evrard Sophie de Jaer Hamed Ben Abdelhadi Nawfal Jorio Mamadou Cherif Ly Lionel Surmont Contact: Rue de Stassart Brussels Tel : 02/ Fax : 02/ Visit our website

20 2 Appendices

21 1 Investissements 2013 Nombre d'investissements en capital en prêt total Montant investi (en EUR) Moyenne par dossier 78 projets ont été financés pour un montant total de 9,9 mios Total Evolution des investissements depuis 5 ans

22 2 Portefeuille au Fin 2013, la valeur nette comptable du portefeuille s élève à 65,2 mios ( 64,7 mios fin 2012) Participations en capital Prêts sur sociétés avec lien de part. Autres prêts Total en % % % % ,5% % % Répartition de la VNC par filiale % Total fin % en % 30% 19% 51% 100% Total fin Données en K en % 31% 19% 50% 100% 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.

23 Le groupe SRIB soutient plus de emplois en RBC Entreprises de moins de 10 personnes: entreprises financées - 18% du montant investi Entreprises de 11 et 50 personnes: - 90 entreprises financées - 22% du montant investi Entreprises de 51 à 100 personnes: - 9 entreprises financées - 6% du montant investi Entreprises de plus de 100 personnes: - 20 entreprises financées - 54% du montant investi Répartition des sociétés en portefeuille suivant le personnel occupé SRIB HELLOBRU BRUSTART BRINFIN B2E EXPORTBRU BRUSOC Total Moins de 10 personnes Entre 11 et 50 personnes Entre 51 et 100 personnes De plus de 100 personnes Total

24 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 En nb sociétés SRIB HELLOBRU BRUSTART BRINFIN B2E EXPORTBRU BRUSOC Total En % Nombre En % 1 Secteur alimentaire % 49 16% 2 Construction & Immobilier % 9 3% 3 Communication & Medias % 25 8% 4 Audiovisuel % 9 3% 5 Informatique & Electronique % 25 8% 6 Télécommunications % 2 1% 7 Services B2B % 37 12% 8 Services B2C % 77 26% 9 Textile, confection et manufacture % 19 6% 10 Biotech et Santé % 9 3% 11 Transports % 24 8% 12 Développement durable % 8 3% 13 Fonds d'investissement % 6 2% Total % % Données en K