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Catella (CAT) investor relations material
Catella ABGSC Investor Days summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview and strategy
Operates across investment management, principal investments, and corporate finance, with SEK 160 billion in AUM and presence in 12 European countries.
Nearly 60% of revenues are recurring, supporting business stability and long-term growth.
Emphasizes sustainability, strong local teams, and partnerships to manage institutional capital and build a pan-European brand.
Key priorities include integrating Principal Investments into core operations, optimizing profitability, and growing AUM via scalable sustainable products.
Uses balance sheet for co-investments to seed funds and grow AUM, aiming for increased recurring revenues.
Market environment and financial performance
European real estate transaction volumes have increased 15% year-over-year, indicating a slow but ongoing market recovery.
Investment Management has grown AUM by over 15% annually since 2015, with continued growth even during industry downturns.
Maintains a solid cash position, with SEK 1.6 billion in cash, SEK 1.3 billion in debt, and an additional SEK 200 million credit facility.
Exited unprofitable markets like Germany and the Baltics, now focusing on Sweden, Finland, Denmark, France, and Spain.
Growth strategy centers on building a pan-European platform, cost control, and increasing fixed income.
Investment management and principal investments
Manages a broad range of property investments, with a 16% AUM CAGR and recent acquisitions and divestments shaping portfolio size.
Ongoing projects span residential, office, logistics, and mixed-use assets across Denmark, Germany, France, and the UK.
Targets project IRRs above 15% and aims for diversification and growth through co-investments and fund investments.
Plans to integrate Principal Investments into Investment Management for clearer reporting and risk reduction.
Will continue to invest in minority and co-investments to grow AUM and consider M&A for strategic expansion.
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