Next Generation Finance Invest

Transcription

1 Next Generation Finance Invest We invest in innovative companies with disruptive business models, products and technologies in order to take advantage of the historical opportunity to be a driver of the emerging reconfiguration of the global financial industry. Summary - September 2012 Next Generation Finance Invest AG Innere Güterstrasse 2 CH-6300 Zug investors@nextgfi.com

2 Context Next Generation Finance Invest (NextGFI) is a listed investment company with a significant track record (NAV/share +83% and share price +63% since inception). We believe that banking will change significantly over the next 20 years. The digital natives will demand more efficient, more transparent and more accessible products. There is a historical chance to create a global financial services provider based on best of breed technology, innovative products and highly efficient distribution channels. We are perfectly well positioned to build a global player due to our vision team network domain expertise focused portfolio and portfolio synergies Context 2

3 Investment Philosophy NextGFI invests consequently into the niche of next generation finance (finance 2.0). We invest only in businesses which we understand 100% and which we can actively drive on an operational level. We are actively leveraging our unique domain expertise and global network in the area of delievering trading and investment products to retail customers. We see ourselves as entrepreneurs rather than private equity managers. We place strong focus on portfolio synergies and new investments are made only if they match this criterion. Investment Philosophy 3

4 Investment Team Robert Lempka Investment Manager and Founder CEO ABN AMRO marketindex (next generation B2C trading platform) Managing Director, Fixed Income Trading, Dresdner Kleinwort Frankfurt Executive Director, Repo Trading, Goldman Sachs London Masters degree Business Administration University of Trier Thomas Winkler Investment Manager (multiple angel and other private equity investments) CEO ABN AMRO Switzerland, Zurich (650 employees) Global Head of Private Investor Products, ABN AMRO, London Executive Director FICC, Goldman Sachs, London Swiss Certificate of Competence, Banking Marc P. Bernegger Serial Entrepreneur and Business Angel Co-Founder of amiando (Global Technology Pioneer of the World Economic Forum; trade sale to Xing in 2010) Founder of usgang.ch (trade sale to the media company Axel Springer in 2008) Member of the Board of the Pioneers Club PCU Awarded as "Newcomer of the Year 2010" by SwissICT Lawyer (Master of Law at University of Zurich) Investment Team 4

5 Management Strategy NextGFI Board NextGFI Advisors NextGFI Management Robert Lempka Thomas Winkler Marc P. Bernegger Product Development Business Development Strategy Portfolio Synergies Global Expansion Fundraising Screening, Reporting Social Media, PR Management Strategy 5

6 Supervisory Board Dr. Thomas Ladner, Chairman Specialized M&A/Private Equity Lawyer and professional Board Member Partner Exigen Capital L.P., a US private equity house Counsel to meyerlustenberger attorneys at law, Zurich Chairman/Board Member of different trading companies (Co-)Founder of some of the most exclusive business networks in Switzerland and Germany ( Club zum Rennweg, Entrepreneurs Roundtable, Entrepreneurs Roundtable Deutschland, Zurich.Minds a.o.) Dr. oec. Toni Calabretti, Member Managing Director of Otto Beisheim Holding Member of the Board of Prof. Otto Beisheim Trust Ex-CEO Experian Deutschland Holding Multiple Board Member Nicholas Teller, Member CEO and Partner of E.R. Capital Holding GmbH & Cie. KG Non Executive Director of Air Berlin PLC Member of Zentraler Beirat of Commerzbank AG Former Executive Board Member of Commerzbank AG Board of Directors of the American Chamber of Commerce in Germany e.v. Robert Lempka and Thomas Winkler are delegates of the supervisory board Supervisory Board 6

7 Advisors Christoph Gerlinger Serial Entrepreneur (CEO & Founder Frogster Interactive, CFO and MD CDV Software Entertainment, et al) Brought two companies public Academic background in Finance Michiel G.J. de Jong Managing Director Jumons BV (private equity investments in financial institutions and real estate) and Partner Padang Capital BV (private equity investments) Managing Board Member ABN AMRO Bank NV Member Executive Committee Global Banking and Markets RBS, Designated Head CEEMEA CEO BU Europe ABN AMRO Bank NV and various international managerial assignments for ABN AMRO Martin Korbmacher Managing Partner, Event Horizon Capital & Advisory GmbH Former Head of Investment Banking Credit Suisse Germany & Austria Multiple supervisory and advisory board positions and private investor Academic background in Mathematics and Computer Science Hermann Watzinger Founding Partner of Mercer Street Capital, Frankfurt (private equity (financials) and real estate) Member of the Board, ABN AMRO Bank (Deutschland) AG and RBS (Deutschland) AG European Head of Financial Institutions, ABN AMRO Bank Plc and RBS Group Plc Managing Director, European Head of Securitisation and Credit Derivatives at Merrill Lynch and Citibank Advisors 7

8 Portfolio Companies OANDA offers online FX-trading, FX Data and global FX payment services. The company offers ist services to institutional and retail customers. OANDA is a pioneer in providing extremely tight spreads to retail customers and enhances efficiency in the sector of FX payments significantly. ayondo is an electronic marketplace for real time trading-and investment signals connecting signalmakers and signaltakers. Signalmakers improve their investment results significantly while signalmakers can build a profitable online business. Gekko Global Markets is an electronic multi asset CFD and Spread Betting platform. It offers online leveraged currency, commodity, indices and single stock trading 24/5 globally. Portfolio Companies 8

9 Portfolio Companies 2iQ Research is a leading provider of international Insider (Director) Dealing data. The product is offered to the investment community as data feed, web access or tailor made services (i.e. notification). yavalu is a web-based personal investment service targeting long term investors. Based on the personal investment profile and risk characteristics yavalu is able to determine a portfolio of ETFs and offers individual investors sophisticated investment management services. StockPulse provides independent social media and news analyses for financial markets. StockPulse daily collects up to 100,000 news and opinions, determines market moods, and provides valuable trading signals. Portfolio Companies 9

10 Portfolio Build on a two tier model Driver Companies > Strategy 100% aligned with management > Strong operational involvement > NextGFI stake 49% (gekko) and 44% (ayondo) - close to 90% with friendly co-investors > Further synergies planned Add-on acquisitions > Up to 25% stake > Management buys into NextGFI-strategy > Strong rights (veto etc.) > Joint product development > Sometimes product/regional exclusivity Portfolio Build on a two tier model 10

11 Portfolio Gekko Global Markets is a fully licensed and FSA regulated broking platform and is the nucleus investment of NextGFI. Gekko is taking client money, providing execution services to retail and institutional clients and managing risk. Other portfolio companies are offering financial added value services to their customers and are also acting as feeders for the Gekko Global Markets platform. All companies have innovative business models and technologies, operate on low cost and are globally scalable. Currently we primarily target highly active investors since this group generates the highest returns, but the infrastructure is developed in a way to spread into investments and savings; the upgrade into full bank status or the acquisition of a bank (possibly a cooperation with a bank) is potentially required in the future to enable deposit taking business and broaden the customer base. Portfolio 11

12 Portfolio Synergies Traffic generation via community Customer services Traffic via community Signals Traffic Market access Joint marketing Regulatory services Introduction of clients Automated execution of trading signals Introduction of clients Market access Execution of ETFs Traffic Sentiment Market data News Intro of clients Signals Intro of clients Traffic Introduction of clients Market access Research Joint product development Introduction of clients Intro of clients Product development Portfolio Synergies 12

13 Online communication and distribution including social media - website: - blog: - facebook: - twitter: New and innovative distribution and communication channels to reach new target groups Trackable, immediate and scalable results worldwide Next generation of marketing and distribution for the financial industry investor relations 2.0 Online communication and distribution 13

14 Performance NextGFI vs. UBS & Credit Suisse (since listing at Berne exchange) Performance 14

15 Net Asset Value - Past NextGFIs net asset value increased by more than 80% and assets under management increased from CHF 2.6mm to CHF 18.0mm since inception in June 2009 Net Asset Value - Past 15

16 Net Asset Value - Outlook NextGFIs net asset value of CHF is based on the valuations of our portfolio companies as of 30st June The three year business plans of our underlying portfolio companies which include major milestones like > the release of the new trading platform (Gekko Global Markets) > release of ayondo 3.0 > investing substantial ressources into marketing campaigns > using social media as a viral distribution channel > rolling out our businesses in new markets imply an increase of the NextGFI NAV of more than 100% by Q1/2015. NextGFI has a long-term and open-end strategy meaning exit proceeds will be reinvested or paid out as dividends to its shareholders. Net Asset Value - Outlook 16

17 Key Facts Company: Next Generation Finance Invest AG, Zug (Switzerland) Type of company: Investment Company; listed on BX Berne exchange ISIN / Valor / Ticker: ISIN: CH Valor: Ticker: NGFN Market Cap: CHF 18.0mm (net asset value per ) Management Fees: Waived until further notice Performance Fees: 25% of quarterly performance; high watermark Targeted Return: 20%-30% per annum Investment Manager: Thomas Winkler, Robert Lempka, Marc P. Bernegger (Next Generation Finance Management AG) Key Facts 17

18 Next Generation Finance Invest Innere Güterstrasse 2 CH-6300 Zug Switzerland Phone investors@nextgfi.com

19 Disclaimer This presentation was prepared by Next Generation Finance Invest AG (NextGFI) exclusively for the benefit and internal use of NextGFI in order to indicate, on a preliminary basis, the feasibility of a possible transaction or transactions. This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by NextGFI. The presentation is proprietary to NextGFI and may not be disclosed to any third party or used for any other purpose without the prior written consent of NextGFI. The information in this presentation reflects prevailing conditions and our views as of this date, which are accordingly subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Company or which was otherwise reviewed by us. In addition, our analyses are not and do not purport to be appraisals of the assets, stock or business of the Company. Even when this presentation contains a kind of appraisal, it should be considered preliminary, suitable only for the purpose described herein and not be disclosed or otherwise used without the prior written consent of NGFI. The information in this presentation does not take into account the effects of a possible transaction or transactions involving an actual or potential change of control, which may have significant valuation and other effects. Disclaimer 19