S.R.I.B. Group - · PDF fileForm: Various forms are possible: loan / ... Sigma Conso is...
Transcript of S.R.I.B. Group - · PDF fileForm: Various forms are possible: loan / ... Sigma Conso is...
S.R.I.B. Group
14 May 2014
Company presentation 1
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
Mission
Creation: 1984
Shareholding: 73% Brussels Region 27% Institutional Equity = €131 mios 35 headcounts
Key figures
+/- 300 Brussels companies are currently funded by the SRIB :
Portfolio Set up in 2006
Cofinancing with banks (pari passu)
Set up in 2010
Financing of exporting SMEs
Set up in 1984
Financing of Brussels-based SMEs:
• Growth capital • Capital Buyouts
financing
Set up in 2001 Micro-finance & social economy
Set up in 1992 Financing of startups Focus on innovative projects
Brucofin + Delegated missions on behalf of the Brussels Capital Region : « Fonds Bruxellois de Garantie » and « SFAR » (construction of social and middle class accomodations)
45 companies in equity (or financed with mixed instruments equity + loan)
End 2012
246 companies financed by a
loan
Some companies in portfolio
Total of 291 companies in portfolio
Current portfolio includes investments in nearly 300 Brussels-based businesses
SRIB in the Brussels financial landscape
Equity or long term Debt
Alternative financing
Leverage effect
No sectoral specificity
Partnership mindset: • Personalized support • Strong image
Regional focus – proximity with supported companies
Purpose:
Eligibility:
Capital-development
Amounts:
Companies growth, transmision and/or reorganization
For brussels based SMEs
Brussels-based SME’s (head office and operating headquarters)
No sectorial specificity (excluding real estate and non ethics activities)
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)
Equity - mezzanine financing - long term loan
Tailor made financing
Loan: • Limited collateral • monthly installments • Term : 4 - 7 years • Interest rate : depending on risk
Form:
100 k€ minimum (average 500k€ 1st round)
SRIB
SRIB Examples
Radionomy is a free ground-breaking platform that is changing the way connected people from around the world discover, listen to and create online radio stations Jobs: 27 people in Brussels
Convertible loan : 1M€
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€
Start up financing
Young and innovating start ups financing
Starter companies : < 5 years old
Based in Brussels
Innovating (in various aspects: technology, services, sales,…)
Focus on ICT sector
Max €250k
Max €150k for ICT pre-commercialization project
Brustart
Purpose:
Eligibility:
Amounts:
Form:
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)
Equity - mezzanine financing - long term loan
Tailor made financing
Loan: • Limited collateral • monthly installments • Term : 4 - 7 years • Interest rate : depending on risk
Vadis Smart Business Intelligence Methodologies and Processes boosting Sales Effectiveness, Risk Management and Big Data Analytics Jobs: 21
Loan : 150 k€
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€
Brustart Examples
Micro-finance
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
Brusoc
Eligibility:
Form:
Purpose:
• For self employed • Loan: 1,250 – 25,000€ • Required personal
contribution : 620€ • Interest rate : 4% • Constant monthly
instalments • Term:2-5 years
« Micro-crédit » « Fonds d’amorçage » « Crédit de trésorerie » « Prêt subordonné »
• 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
KAMILOU SPRL
Activity : Restaurant
Loan: 83,000€
Headcount:18
Localisation: Village Partenaire
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 home-made pies
Loan: 20,000€
Headcount:3
Localisation: Atelier des Tanneurs
Brusoc Examples
Mission:
Sociétés éligibles:
Cofinancing
Montants:
To facilitate LT financing of Brussels-based SME’s
Based in Brussels No sectoral specificities
Modes d’intervention:
B2E loan = max. 50 % of the needed financing
Min. 100k€ - Max. 2 millions €
Brucofin
LT loans (min. 2 years) Cofinancing pari passu with a bank Investments, buy outs, working capital needs
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 Jobs: 4
Loan : 600 k€
Beweb (Kadensa)
Kadensa is a holding company, main shareholder of Beweb, a web advertising agency Jobs: 20
Loan : 450 k€
Purpose:
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
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
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)
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
Eligibility:
Exportbru Export support
Companies located in Brussels (head office and operating headquarters)
More than 3 headcounts and more than 2 years old
Tangible and intangible investments and working capital related to the exporting activity
Object:
Amount:
1. Financing Export
Form:
Financing from €50k to 500k
Up to 50% of the global financing need
Different forms possible: loan, capital (minority participation) or mixed instrument
No standard product / Custom-made financing
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
Estimation of the financing need
Sales force - costs 6 months 120k
Travel expenses / accommodation - costs 6 months 30k
Costs of adapting products 60k
Commercial brochures & various costs 40k
Working capital (including stock) 50k
Total: 300k
Planned financing:
4-year loan Exportbru 150k
For the remaining 50% : self-financing + financial incentives BIE
Investments related to the creation of a new operating site abroad (creation of a subsidiary, succursale, acquisition of a foreign company, joint-venture)
Object:
Amount:
2. Financing implementation abroad
Form:
Various forms are possible: loan / equity / mixed instruments
No standard product but custom-made financing
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
Financing from €50k to 500k
Up to 50% of the global financing need
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. Headcount : 23
Loan : 350 k€
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€
Exportbru Examples
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
SRIB Group Processes
Team and Contacts
Rue de Stassart 32
1050 Brussels
Tel : 02/548.22.11
Fax : 02/511.90.74
Visit our website www.srib.be
Committee
• Serge Vilain, CEO • Jean-Luc Vanraes • Eddy Van Gelder • Etienne-Jean Noël
Contact:
Team
Exportbru
Brucofin
Brusoc
• Barbara Roose • Sarah Unger • Julien Jacquet
[email protected] [email protected] [email protected]
• Sandrine Evrard [email protected]
• Sophie de Jaer [email protected]
• Hamed Ben Abdelhadi • Nawfal Jorio • Mamadou Cherif Ly • Lionel Surmont
[email protected] [email protected] [email protected] [email protected]
Brustart
srib
Appendices 2
Investissements 2013 1
78 projets ont
été financés pour un montant total de
9,9 mios
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
Total 4 74 78 9.948.619 127.546
Nombre d'investissements Montant investi
(en EUR)
Moyenne par
dossier
Evolution des investissements
depuis 5 ans
Fin 2013, la
valeur nette comptable du portefeuille
s’élève à € 65,2 mios (€64,7 mios € fin 2012)
Répartition de la VNC par filiale
• 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.
Portefeuille au 31.12.2013 2
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 4.200 6%
604 1.185 1.789 3%
337 337 0,5%
55 6.023 6.078 9%
11.661 11.661 18%
102 2.604 2.706 4%
Total fin 2013 19.778 11.868 33.579 65.225 100%
en % 30% 19% 51% 100%
Total fin 2012 19.934 12.442 32.367 64.743
en % 31% 19% 50% 100%
Données en K€
Le groupe SRIB soutient plus de 20.000 emplois en RBC
Entreprises de moins de 10 personnes: - 180 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
SRIB HELLOBRU BRUSTART BRINFIN B2E EXPORTBRU BRUSOC Total
Moins de 10 personnes 23 20 13 3 121 180
Entre 11 et 50 personnes 28 10 1 26 8 17 90
Entre 51 et 100 personnes 2 3 4 9
De plus de 100 personnes 10 1 3 1 4 1 20
Total 63 1 30 4 43 19 139 299
Répartition des sociétés en portefeuille suivant le personnel occupé
1. Communications & médias: 42%
2. Alimentaire : 13%
3. Services B2C : 12%
4. Services B2B : 8%
5. ICT : 6%
Ventilation suivant le secteur d’activité
Top 5 sectoriel en montant Top 3 sectoriel en nombre d’entreprises
1. Services B2C : 26%
2. Alimentaire : 16%
3. Services B2B : 12%
impact prépondérant des métiers généralement financés par Brusoc (TPE)
SRIB HELLOBRU BRUSTART BRINFIN B2E EXPORTBRU BRUSOC Total En % Nombre En %
1 Secteur alimentaire 6.119 113 1.119 494 421 8.265 13% 49 16%
2 Construction & Immobilier 844 55 1.003 69 1.971 3% 9 3%
3 Communication & Medias 19.171 4.200 207 1.212 2.580 160 27.530 42% 25 8%
4 Audiovisuel 1.274 19 168 56 1.517 2% 9 3%
5 Informatique & Electronique 1.597 789 310 889 64 3.648 6% 25 8%
6 Télécommunications 57 400 457 1% 2 1%
7 Services B2B 2.942 113 1.957 165 311 5.488 8% 37 12%
8 Services B2C 116 83 5 6.590 1.008 7.803 12% 77 26%
9 Textile, confection et manufacture 3.017 101 140 3.258 5% 19 6%
10 Biotech et Santé 1.469 178 1.647 3% 9 3%
11 Transports 261 331 424 1.016 2% 24 8%
12 Développement durable 525 170 500 53 1.248 2% 8 3%
13 Fonds d'investissement 1.063 314 1.377 2% 6 2%
Total 38.455 4.200 1.789 337 11.661 6.078 2.706 65.225 100% 299 100%
En nb sociétésRépartition sectorielle de la valeur nette comptable
Données en K€