Altamir - 2018 Registration document
1
Business description and activities
Selected financial information
PORTFOLIO PERFORMANCE 25% growth in average EBITDA in 2018 Year-on-year EBITDA growth at constant exchange rates, in %, weighted by Altamir’s residual cost of each investment; CAC 40 weighted by market capitalisation
26%
25%
19%
17%
13%
10%
10%
9%
4%
2%
-2%
012
2014
2015
2016
2017
2018
CAC 40
Altamir portfolio
Source : Capital IQ as of 11 March 2019.
VALUATION MULTIPLES Average multiples as of 31/12 weighted by each company’s contribution to NAV
DEBT MULTIPLES Average multiples as of 31/12 weighted by each company’s contribution to NAV
Enterprise value/LTM Ebitda
# of companies
Net debt: LTM Ebitda
# of companies
4.55
11.16
40
35
2018
2018
10.88
4.22
44
44
2017
2017
4.07 3.96
10.68
38
38
2016
2016
10.83
28
28
2015
2015
3.82
21
21
9.52 8.89
2014
2014
17
3.83
17
2013
2013
Valuation multiple: Sample of 35 companies as of 31/12/2018 (excluding financials, divested companies and companies valued by an indicator other than EBITDA). Debt multiple: Sample of 40 companies as of 31/12/2018 (excluding financials, divested companies)
12 Registration document ALTAMIR 2018
www.altamir.fr
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