key figures 2015
CONTENTS CONSOLIDATED KEY FIGURES FOR PMV GROUP................................................................ 2 INVESTMENTS IN LOANS, CAPITAL, GUARANTEES AND FUNDS IN 2015....................... 3 PMV PORTFOLIO, ANALYSIS BY FUNDS, LOANS AND CAPITAL....................................... 4 LOANS COMPANIES BY SECTOR............................................................................................. 5 CAPITAL INVESTMENTS COMPANIES BY SECTOR............................................................... 6 CAPITAL INVESTMENTS COMPANIES BY STAGE.................................................................. 7 INVESTMENTS IN FUNDS BY SECTOR.................................................................................... 8 ANALYSIS BY INFRASTRUCTURE, PROPERTY AND ENERGY............................................. 9 SCHOOL INFRASTRUCTURE...................................................................................................10 FLEMISH ENERGY COMPANY – ENERGY SUPPLIED........................................................... 12
CONSOLIDATED KEY FIGURES FOR PMV GROUP* *pro forma consolidated accounts
Operating income € 31.8 million Operating costs € 41.8 million Financial income € 22.2 million Financial costs € 4.0 million Extraordinary income € 19.7 million Extraordinary costs € 5.0 million
Net result* € 17.7 million
2
INVESTMENTS IN LOANS, CAPITAL, GUARANTEES AND FUNDS IN 2015
Loans € 85.6 million (2015)
2014 € 93.7 million
Capital € 33.5 million (2015)
2014 € 40.5 million
Guarantees € 242.4 million (2015)
2014 € 177.5 million
Funds € 23.5 million (2015)
2014 € 22.4 million
3
PMV PORTFOLIO, ANALYSIS BY FUNDS, LOANS AND CAPITAL
23% Funds
35% Loans
42% Capital
Outstanding guarantees (in millions of euros)
223.4 Gigarant*
553.2
Guarantee scheme**
* in the name of Gigarant and on its account ** in the name of the Flemish Region and on its account
4
LOANS COMPANIES BY SECTOR
17.4% 6.2% 7.6% 4.6% 0.6% 40.9% 21.8% 0.9%
Life sciences and health care Creative industry ICT Financial service provision Energy and environment Consumer goods and services Business and industrial products and services Agriculture, chemicals and materials
Loans up to 350,000 euros
17.0% 26.7% 11.2% 2.0% 0.8% 16.2% 23.1% 3.1%
Life sciences and health care ICT Financial service provision Energy and environment Creative industry Consumer goods and services Business and industrial products and services Agriculture, chemicals and materials
Loans over 350,000 euros
5
CAPITAL INVESTMENTS COMPANIES BY SECTOR
9.1%
Agriculture, chemicals + materials
0.5% Creative industry
27.1%
Business + industrial products and services
2.0%
51.4%
ICT
Life sciences + health care
8.7% 1.3%
Consumer goods + services
Energy + environment
6
CAPITAL INVESTMENTS COMPANIES BY STAGE
12.3% Seed capital
41.0%
Financing early stage
28.2%
Financing later stage
18.4%
Growth financing
7
INVESTMENTS IN FUNDS BY SECTOR (analysed by fund portfolio)
3.2%
Agriculture, chemicals and materials
13.9%
Business and industrial products and services
14.2%
Consumer goods and services
20.1%
Energy and environment
6.7% ICT
35.2%
Life sciences
6.7%
Infrastructure
8
ANALYSIS BY INFRASTRUCTURE, PROPERTY AND ENERGY
35%
41%
Energy
Infrastructure
24% Property
Further analysis of property
7%
Heritage
10% Health
26%
Area development
57%
Public property
9
SCHOOL INFRASTRUCTURE TOTAL PROJECT VALUE € 1.5 BILLION
Flanders has a pressing need for new and sustainable school infrastructure. PMV is making its own contribution towards meeting this need through the public-private partnership ‘Tomorrow’s Schools’. This involves the design, financing, construction and maintenance of some two hundred school buildings in all the various education systems. Each Tomorrow’s School is a unique project based on local needs and a local vision. They are compliant with all modern standards in terms of sustainability, comfort and flexibility.
20,000 places for students in new school buildings
73
first stones ceremonially laid
63,500m
2
school buildings delivered
1,700
internal screening procedures
10
official openings
10
62
invitations to tender published
95 notarial deeds
4,100 site meetings
The first Tomorrow’s School was delivered in 2014. In 2015 the programme was up to speed, with schools being delivered on a weekly basis from the summer onwards. Almost all the building permits have now been granted and building work is beginning on one site after another in rapid succession. In 2016 the project will have reached cruising speed with 127 schools simultaneously in the construction phase.
11
FLEMISH ENERGY COMPANY ENERGY SUPPLIED
VEB electricity supplied 2015
380 GWh
VEB natural gas supplied 2015
382 GWh
To reduce public sector energy costs, in 2012 the Flemish Region set up the Flemish Energy Company (Vlaams Energiebedrijf - VEB). Two years later, in September 2015, this company became part of PMV. The VEB has a key part to play in reducing energy costs for the government. It achieves this by purchasing energy centrally at lower prices, by centralising energy data – and also processing it – and by guiding government institutions and local administrations on ways of using energy more efficiently. The VEB therefore acts as a central purchaser of energy and takes responsibility for all aspects of the public procurement process.
12