Diapositiva 1

Transcript

Diapositiva 1

Mediobanca Corporate Presentation
Università Commerciale L. Bocconi, Milan
September 20th 2013
History and mission of Mediobanca
Group Profile
1946
Foundation
1950-70s
Development
1970s – 80s
Restructuring of Italian
Industries
1990s – early 00s
Italian largest
privatizations
Recent years
diversification

Founded in 1946 by Comit, Credit and Banco di Roma, the three state-owned “banks of national interest”

Mission: to support the rebuilding of the Italian industry through supply of medium/long-term financing
and advisory services to enterprises

1950s: supporting growth of leading Italian groups

1956: listing on Milan stock market (the first banking group listed after the war)

Fiduciary business via Spafid (1951), consumer credit with Compass (1960) and leasing with Selma (1970)

Key role in Italian industry restructuring: MB became “house bank” for the most important Italian
industrialists

By mid-1970s MB’s equity investment portfolio included Generali (4.5%), Fiat (2.5%), Montedison (2.5%),
Olivetti (5%), Pirelli & C, (3.3%) and Fondiaria (10%)

1998: MB privatization; core shareholders’ pact between state-owned banks (25%) and private corporates
(25%)

Industrial restructuring followed by a surge of privatizations and IPOs, where MB confirmed its leadership

Residential mortgages business started up with Micos (1992)

Increase in size of equity investment portfolio (Generali 14%)

Private banking business entered with Banca Esperia (2001) and CMB (2003)

New management team (2003) and strategy refocused on banking activities

CIB activities internationalized with the opening of branches in Paris (2004), New York (2006), Madrid
(2007), Frankfurt (2007), London (2008) and Istanbul (2012)

Creation of a leading domestic operator in consumer lending (acquisition and merger of Linea, 2007)

Retail banking started with CheBanca! (2008)
2
Business model
Mediobanca Group
CIB &
Private Banking
Wholesale Banking
 Lending
 Advisory
 Capital Markets
Retail &
Consumer
Principal
Investing
Corporate Centre
Consumer credit
Equity
investments
Leasing
Retail banking
Private banking
3
Increasing international presence
Direct presence
2004
2007
2008
2012
France
Germany
U.K
Istanbul
Lending and
Corporate Finance
Lending and
Corporate Finance
Capital Markets
Corporate Finance
Spain
Spain
and Corporate
Lending and Lending
Corporate
Finance
Finance
Moscow
U.S.A
Brokerage
U.S.A
London
Luxembourg
Brokerage
Frankfurt
Paris
Milan
Istanbul
Madrid
New York
Rome
4
Corporate Finance
 Client-focused professionals organized by Industry Teams
Mergers and
acquisition
Company
valuations
 A track record of 60 years of unparalleled achievement and
long-term relationships with major Italian groups
Corporate
Restructurings
Shareholders
agreements
 Proven capability in providing a comprehensive service
Debt
Advisory
Company
Financial
Analysis and
benchmark
 Unique understanding of domestic industrial, regulatory,
legal and tax environment
Joint – ventures
And partnerships
 Excellent relationships with major international financial
institutions, such as investment banks, commercial banks,
private equity funds, etc.
Industries
Offices
Branded Goods
& Industrials
Milan and regional
Area offices
Strategic
objectives
FIG
Energy
Frankfurt
5
Real Estate
Madrid
Relations with
Institutional
bodies
Disposals
and
spinoffs
TMT
Debt Advisory
Paris
M&A major deals in 2011-2013
Leadership in M&A confirmed not only by the size and importance of the deals, but also the high degree of coverage in
terms of industries
Pending
Pending
June 2013
July 2013
€ 704m
Value undisclosed
Disposal of Carige AM SGR
by Banca Carige
Disposal of
Generali US life
reinsurance business to
SCOR
Acquisition of a
majority stake in
Pomellato Group by
PPR/Kering
Sale of 66 branches to
Banco Etcheverria
Financial Advisor to
Banca Carige
Generali
Financial Advisor of
the Acquiror
Financial Advisor to NCG
December 2012
December 2012
May 2013
May 2013
€ 75m
December 2012
€ 298m
Construction equipment,
agriculture and
industrial automation
the Company
December 2012
MSEOF Como Sarl and
MSEOF Garda Srl
Merger with Bollorè
the Acquiror
PAI Partners
€ 4,587m
€ 140m
€ 11m
Acquisition of
Safe
by Landi Renzo
Reorganization of Endesa
participations in
Latin America
Business combination
between Sesa Group and
Made in Italy 1 SPAC
Equity investment by
Fondo Italiano di
Investimento SGR
the Acquiror
the Seller
the Acquiror
Enel / Endesa
Financial Advisor to Sesa
the Seller
€ 208m
Sale of Brazilian
electricity transmission
network concessions
Sale to C.R. Asti of 60.42%
stake of MPS into
Biverbanca
Recapitalization
€ 46m
Take-over and
squeeze out by
Bollorè
Sole Financial Advisor to
Coesia Group
ACS
MPS
the Target
Financial Advisor
to the Acquiror and
Presenting Bank
March 2012
Acquisition of the
depositary bank activity
of four italian cooperative
bank groups by ICBPI
Disposal of Delmi’s 50%
stake in TdE, controlling
holding of Edison S.p.A.,
to EDF and acquisition by
Delmi of a 70% stake in
Edipower S.p.A.
Acquisition by
Swisscom of
Metroweb together with
F2i
Acquisition of Coccinelle
S.p.A. by E.Land World
Limited
Advisor to ICBPI
Financial Advisor to a2a
Advisor to Swisscom
Financial Advisor to the
Seller
October 2011
€ 1.668m
October 2011
Advisor to the target
€ 436m
September 2011
March 2012
Value undisclosed
€ 700m
Acquisition by
Tim Participações of
AES Atimus Group
Partnership in life and
non-life bancassurance
with purchase of a 81%
stake in Bipiemme Vita by
Covéa Group
Telecom Italia
Banca Popolare di Milano
March 2011
Value undisclosed
January 2012
January 2012
Value undisclosed
Investment by Fondo
Italiano di Investimento
SGR through equity and
convertible capital
increase
Seller
December 2012
December 2012
November 2012
Disposal of
renewable assets to
Bridgepoint, Canepa
Energy, REEF, Antin and
Gas Natural
Disposal of
c. 85% shareholding in
Banca Agricola Commerciale
della Rep. di S. Marino by
UniCredit to
Istituto Bancario
Sammarinese
Financial Advisor to ACS
Advisor to UniCredit
March 2011
Acquisition by Prysmian of
100% stake capital of
Draka Holding
Financial advisor to
Openjob
Advisor to the Acquiror
Financial Advisor to IREN
December 2011
Value undisclosed
Equity investment by
Fondo Italiano di
Investimento SGR
Sole Financial Advisor to
Coesia Group
Seller
Italcementi Group
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Advisor to Müller Group
Financial Advisor to DMK
December 2011
€ 573m
Acquisition by JS Group
Corp. of the entire share
capital of
Permasteelisa S.p.A.
from Investindustrial and
Alpha P.E
Sellers
€ 187m
the Acquiror
Acquisition by Global
Games of 50,68% stake in
SNAI and subsequent
tender offer for
outstanding shares
Advisor to Indra
Advisor to Global Games
January 2011
€ 27.43m
December 2011
Value undisclosed
November 2012
October 2012
January 2011
€ 1,0bn
Acquisition of Ittierre
(IT Holding Group) by
Albisetti S.p.A.
Acquisition by Eaglemoss
Publishing of a 51% stake
in GE Fabbri Ltd from RCS
Mediagroup SpA
Acquisition by Telecinco
of assets from Grupo Prisa
(Cuatro and a 22% stake in
Digital+)
the Seller
Advisor to the Target
Financial Advisor
to Mediaset
€ 800m
€ 72m
Investment of FSI in
Paprec Group
Italian jeans
manufacturer (Grotto)
Financial Advisor to FSI
the Company
December 2011
November 2011
€ 82,7m
Value undisclosed
Acquisition of Balconi
S.p.A. by Clessidra SGR
S.p.A.
Acquisition by Emak of
the entire share capital of
Tecomec, Comet, Sabart
and Raico from Yama
Acquisition of
Alcisa Group by
Grandi Salumifici Italiani
Seller
Acquiror
Acquiror
June 2011
June 2011
Acquisition of 77.5% stake
in Visiant Galyleo
Value undisclosed
Acquisition of SET Group
by Limak from
Italcementi Group
Acquisition of
Rosen Eiskrem
by DMK
Acquisition of
Pittarello Group
by 21 Investimenti
January 2011
March 2011
Value undiscloesd
Disposal of Müller
Group’s stake in Douglas
Holding to Advent
International
June 2011
€ 150m
€ 290m
€ 1.3bn
Acquisition by
Openjob
of 100% Metis
€ 1,641m
Acquisition by
Coesia Group of 100% of
FlexLink Holding AB from
AAC Capital Partners
July 2011
€ 97m
€ 1,815m
€ 426,2m
Acquisition from
municipality of Turin of a
stake in
AMIAT e TRM
Value undisclosed
July 2011
September 2011
€ 243m
€ 609.6m
Acquisition by
Eurazeo SA of a 45% stake
in Moncler SpA from
Carlyle Group Plc and
Brands Partners 2 SpA
€ 5,425m
€ 752m
May 2012
€ 49m
Eni S.p.A.
January 2013
Value undiscloesd
Value undisclosed
Acquisition by
Coesia Group of
100% of Oystar North
America from
Odewald & Cie.
July 2012
October 2012
Sale of 30% of
SNAM to CDP
February 2013
SAFA
Value undisclosed
€ 264m
Acquisition of
the majority stake by
PAI Partners from
Marcolin Family and
Della Valle Family
€ 3.5bn
March 2013
Disposal of South European
businesses to Norbert
Dentressangle by Fiege
December 2012
December 2012
April 2013
Acquisition of
a 92% stake in GBW by
a consortium led by
PATRIZIA Immobilien AG
€ 2.5bn
Units’ disposal of
the real estate fund
managed by Morgan
Stanley SGR S.p.A.
Financiere du Loch
€ 360m
May 2013
€ 83.7m
€ 101m
December 2012
May 2013
March 2011
€1.4bn
Value undisclosed
Acquisition by BC Partners
of a 78.7% stake in
Gruppo Coin
Acquisition of
Gianfranco Ferrè
(IT Holding Group) by
Paris Group
Sell Side Advisor to
Financière Tintoretto
the Seller
M&A Deals cross-border
Pending
Value undisclosed
€ 704m
May 2013
July 2013
Acquisition of a majority
stake in Pomellato Group by
PPR/Kering
Disposal of South European
businesses to Norbert
Dentressangle by Fiege
Financial Advisor to Generali
the Acquiror
the Seller
Acquisition of 77.5% stake in
Visiant Galyleo
Advisor to Indra
June 2007
March 2011
Value undisclosed
Acquisition of 100% of
Madaus Pharma by Rottapharm
Financial Advisor to Rottapharm
2011
Acquisition by SMEG of
Australian assets and brands of
REXEL
Financial Advisor to Acea
Financial Advisor to SMEG
February 2010
Value undisclosed
Financial Advisor to Acquiror
Seller
Advisor to the Target
Advisor to NTV
Co-Advisor to the Seller
Advisor to ENEL
October 2009
June 2007
Value undisclosed
€2.0bn
Acquisition of
Eurocryor
by EPTA SpA
Acquisition of parts from
Endesa by E.ON
Acquisition of
Enel Viesgo from Enel by E.ON
Financial advisor to the Acquiror
Financial Advisor to Seller
Financial Advisor to Seller
May 2009
€ 323m
Financial Advisor to Enel
Financial advisor to the Target
€ 135mn
Acquisition by Air France of a
stake in Cai/Alitalia
Acquiror
August 2007
October 2007
October 2008
February 2009
€ 1.25bn
Acquisition by ENI of the
primary gas operator in
Belgium
Disposal of
energy assets in Italy to
Suez
Financial Advisor to the Acquiror
Advisor to ENI
July 2007
€5.3bn
Disposal by Accor SA of Gemeas
Cusin Ristorazione e Scapa Italia
to Barclays P.E.
Disposal by Assicurazioni
Generali SpA of Nuova Tirrena
Spa to Groupama SA
Acquisition of Beni Stabili
by Groupe Financiere des
Regions
Financial Advisor to the Seller
Seller
Advisor to Beni Stabili
October 2008
€2.6bn
€ 4.8bn
€ 200m
Advisor to ENI
7
February 2008
Value undisclosed
Acquisition by Koninklijke Philips
Electronic of Saeco International
Group
Advisor to Edison
Financial Advisor to CCPL
€ 300m
Dismissal by Enel of 80% of
Enel Rete Gas to F2i and AXA
Private Equity
Acquisition by Cofathec
of 7 power plants from
Edison
Sell Side Advisor to
Financière Tintoretto
Acquisition of
Ono Packaging by CCPL
Acquisition of
Maciachini business park (Milan)
from
IVG Immobilien
Buy-back of minority
shareholders
March 2008
September 2008
€1.4bn
Acquisition by BC Partners of a
78.7% stake in Gruppo Coin
Acquisition of
Wagon Automotive Nagold by
Metalmeccanica Tiberina
€ 1.5bn
€2.0bn
July 2011
Value undisclosed
May 2009
€ 226 m
Disposal of
LA SNET to E-on
October 2009
November 2009
March 2008
€ 800mln
Dismissal by Telecom Italia of
100% of Alice France
(TI French broadband operations)
Banca Popolare di Milano
Financial Advisor
to Mediaset
Advisor to Credit Agricole
Minority investment of
SNCF in NTV
Advisor to the target
Acquisition of
a Non-Performing Loan Portfolio by
ColonyCapital
Acquisition by Arcotecnica Real
Estate of Icade Italia SpA from
Icade
€ 80m
Financial Advisor to the Target
Value undisclosed
Disposal by Carrefour of 20%
Finper stake to Brunelli family
June 2008
Financial Advisor to Senior
Secured bond holders
€ 1,0bn
Acquisition by
Credit Agricole SA of
Carispe and 96 branches (an 80%
interest in Cassa di Risparmio
della Spezia)
October 2008
Restructuring of Seat Pagine
Gialle S.p.A. financial debt
Public tender offer on 100%
Buongiorno S.p.A. shares
by DoCoMo Deutschland GmbH
July 2010
June 2011
€ 243m
Partnership in life and
non-life bancassurance
with purchase of
a 81% stake in
Bipiemme Vita by
Covéa Group
€ 224m
Acquisition by Telecinco of
assets from Grupo Prisa (Cuatro
and a 22% stake in Digital+)
March 2010
September 2011
Acquisition by
Eurazeo SA of a 45% stake in
Moncler SpA from
Carlyle Group Plc and Brands
Partners 2 SpA
€ 2.9bn
January 2011
Value undisclosed
€ 100m
October 2011
May 2012
€ 609.6m
Units’ disposal of
the real estate fund managed by
Morgan Stanley SGR S.p.A.
MSEOF Como Sarl and
MSEOF Garda Srl
Redefinition of the joint
venture agreements with
GDF Suez
November 2010
September 2012
€ 83.7m
Value undisclosed
Disposal of
Generali US life reinsurance
business to SCOR
June 2011
May 2013
March 2007
€1.6bn
Acquisition of
Montepaschivita by AXA
Advisor to Montepaschivita
Lending & Structured Finance
Financing specialists are active in
Debt Origination
 advising client on analyzing potential capital structure
and financing solutions available across a broad array
of debt products, including addressing credit rating
implications
Corporate
lending
 providing structuring and execution of lending
transactions
Leveraged
finance
Company
 granting access to significant size financing through
the international syndicated market
Project
finance
Export
finance
 offering facility and security agency services for
Corporate and Structured Finance transactions
Loan
Syndications
Additional Services
Facility Agency
Offices
Milan and regional
area offices
Security Agency
Rating Advisory
London
Frankfurt
8
Debt Advisory
Madrid
Paris
Syndicated loans – leading position in Italy
June 2013
€ 600m
Refinancing Facilities and
General Corporate
June 2013
April 2013
€ 150m
€ 345m
Refinancing, Capex and
General Corporate
General Corporate
February 2013
€ 600m
General Corporate
December 2012
February 2013
February 2013
€ 200m
Capex Line and
General Corporate
€ 2bn
Revolving Credit Facility
€ 9.44bn
Forward Start
Term Facilities
Bookrunner
Bookrunner and Doc Agent
Mandated Lead Arranger
and Bookrunner
November 2012
October 2011
September 2011
April 2013
and Project Monitor
Bookrunner,
and Facility Agent
Bookrunner,
and Facility Agent
May 2012
May 2012
April 2012
April 2012
February 2012
November 2012
February 2013
€ 200m
Refinancing and
General Corporate
€ 400m
July 2012
May 2012
€ 11bn
Refinancing Facilities
€ 500m
Bookrunner
August 2011
July 2011
TELCO S.p.A.
€ 130m
€ 50m
€ 1,246m
Acquisition Facilities
€ 1,050m
Refinancing Facility
€ 308m
€ 600m
€ 3.2bn
Refinancing and
General Corporate
€ 1.95bn
€ 2.1bn
Acquisition & Refinancing
Facilities
€ 900m
€ 400m
Bookrunner
Bookrunner
and Bookrunner
Arranger
Bookrunner
Bookrunner
Bookrunner
July 2011
June 2011
June 2011
July 2011
June 2011
December 2010
December 2010
November 2010
May 2010
April 2010
January 2010
€ 1.35bn
(Italy & Spain)
Facilities
€ 985m
LBO
€ 700m
€ 300m
€ 850m
€ 1.4bn ($ and €)
Facilities
€ 2bn
€ 1.2bn
€ 400m
TL & RCF
€ 10bn
€ 1,070m
Coordinator
Bookrunner
Bookrunner
Bookrunner
Global Coordinator
Bookrunner
Sole Coordinator
Bookrunner
January 2010
September 2009
April 2009
July 2009
TELCO S.p.A.
December 2008
July 2008
December 2008
June 2008
June 2008
June 2008
May 2008
For the acquisition of
25% of:
Enel Rete Gas
€ 1.3bn
Credit Facility
€ 1,025m
Senior Credit Facilities
€ 600m
Term Facilities
€ 8bn
TL & Forward Start
€ 360m
Term Loan Facilities
€ 3.1bn
€ 190m
€ 110m
€ 275.6m
Project Financing
€ 3.2bn
€ 113m
LBO
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Sole Bookrunner
December 2007
April 2007
February 2007
March 2007
March 2007
January 2007
December 2006
October 2006
May 2006
€ 275m
Term Loan Facility
€ 35bn
€ 1,280m
Acquisition Financing
€ 2bn
TL & RCF
€ 365m
Senior and Subordinated
Facilities
€ 555m
Senior and Second Lien
Credit Facilities
€ 200m
Term Loan Facility
€ 500m
Term Loan Facility
€ 1.2bn
Senior Refinancing
Facilities
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Sole Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
April 2006
April 2006
March 2006
€ 300m
€ 750m
€ 550m
TL & RCF
€ 250m
TL & RCF
€ 500m
TL & RCF
€ 5bn
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
The role of Bookrunner always entails the status of Mandated Lead Arranger
9
December 2005
December 2005
November 2005
Syndicated loans – increasing international presence
June 2013
Guarantee backing an
€400m EIB financing
December 2012
Red & Black
Holding GmbH
Holding company of
HUGO BOSS
June 2013
US$13bn
June 2013
£3.3bn
Revolving Credit
Facilities
Co-Arranger
Participation
December 2012
November 2012
June 2013
US$14.6bn
Senior and Subordinated
Debt Acquisition
Financing
Participation
Arranger
€3.3bn
October 2012
June 2012
April 2013
March 2013
February 2013
January 2013
January 2013
€ 1.25bn
€ 70m
€ 1,100m
€ 1,250m
€ 480m
€ 4.5bn
Multicurrency Term and
Revolving Facilities
Senior Add-on
Acquisition Facility
Senior Refinancing
Facilities
Coordinator, MLA and
Bookrunner
Participant
Arranger
Forward start facility of
Telefonica S.A.
syndicated financing
Term and Revolving
Credit Facility
and Bookrunner
June 2011
June 2011
February 2012
October 2011
June 2011
July 2011
Kinove
(Evonik - CarbonBlack)
€ 1,100m
USD 700m
€ 840m
Refinancing
£405m
€ 2.9bn
Refinancing
and Bookrunner
Arranger
Lead Arranger
Arranger
June 2011
May 2013
June 2013
June 2011
March 2011
€ 300m
€ 3.5bn
€ 581.5m
Credit Facilities
€ 3.3bn
Credit Facilities
€ 900m
$ 250m
Super Senior RCF
€ 1.8bn
Multicurrency
Bookrunner
Bookrunner
February 2011
February 2011
January 2011
January 2011
April 2011
December 2010
December 2010
December 2010
€ 650m
€ 380m
€ 6bn
€ 735m
€ 655m
€ 2.5bn
£ 230m
€ 7.5bn
€ 675m
€ 1bn
Term Loan Facility
$ 1.2bn
Senior Secured Credit
Facilities
Bookrunner
Bookrunner
Bookrunner
August 2010
July 2010
July 2010
July 2010
November 2010
October 2010
August 2010
August 2010
June 2010
June 2010
June 2010
£ 300m
CHF 1.1bn
€ 1.5bn
£ 625m
New Class B Facility
€ 550m
€ 500m
Add-on Facility
€ 2.6bn
Refinancing
€ 500m
€ 1.2bn
€ 450m
€ 400m
Bookrunner
Bookrunner
Bookrunner
May 2010
April 2010
April 2010
April 2010
April 2010
March 2010
March 2010
March 2010
March 2010
March 2010
December 2009
€ 2.5bn
£100m
€ 3bn
€ 2.5bn
$ 300m
Term Loan Refinancing
£ 530m
€ 2.5bn
$ 13bn
Refinancing
€ 4bn
€ 3.9bn
Term Facilities
€ 1.2bn
Refinancing
Bookrunner
Bookrunner
Bookrunner
November 2008
August 2008
August 2008
August 2008
June 2008
October 2009
June 2009
June 2009
February 2009
€ 690m
€ 8.7bn
€ 2.5bn
RCF
€ 4bn
Forward Start Facility
Value undisclosed
Structured Financing
€ 1,250m
€ 268m
€ 970m
€ 850m
RCF
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
Bookrunner
The role of Bookrunner always entails the status of Mandated Lead Arranger
10
Capital Markets
Mediobanca’s capital markets products and structuring expertise is based in London and Milan
Credit and Alternatives
solutions
Equity Solutions











Merger & Acquisition related
transactions
Stake building
Single stock hedging
Yield enhancement
Mediobanca and insurance
capital
Structured equity finance
High net worth individuals
Corporate principal
investment
Treasury shares management
Flow business
Investor Marketing






Structured Credit
Financial investments
Capital
Fund raising
Retail products
Principal investments
Emerging market







Rates Trading




CLOs
Balance sheet CLOs
High grade CDOs
SMEs CLOs
Placement of funds purchasing
asset with ABS techniques
Restructuring of structured
products portfolios
CFOs
Leverage Finance


Government Bond
Interest Rates and Inflation
swaps
Option on IRS and Bonds
Exotic Interest Rates
Instruments
Equity Research

Credit Trading




Coverage of private equity
funds
Syndication and origination of
leverage loans in Northern
Europe
CDS single name and indexes
ABS
Back-to-back instruments
11
Coverage of almost 100 Italian
listed companies
Coverage of pan-European
financial institutions with a
Team of 8 professionals,
including 2 specialist sales
ECM & DCM recent transactions
ECM
2013
2013
2012
2013
2012
2012
2010
2011
2010
2010
€ 379m
€ 185m
ca. €16m
ABO
(shares)
Sole Bookrunner
€ 245m
ABO
(shares)
IPO
(shares)
Joint Global Coordinator and
Joint Bookrunner
Joint Global
Coordinator,
Joint Bookrunner and
Sponsor
2010
2010
€ 21m
ABO
(shares)
Joint
Bookrunner
€ 174m
ca. € 9m
ABO
(shares)
2010
2009
€ 120.3m
€ 25m
€ 89m
ABO
(shares)
ABO
(shares)
Sole Bookrunner
Joint
Bookrunner
IPO
(shares)
Joint Global Coordinator,
Joint Bookrunner and Sponsor
Joint Bookrunner
2008
2009
€ 8m
IPO
(shares)
Global Coordinator
and
Bookrunner
€ 4m
€ 429m
€ 210m
IPO
(shares)
Global Coordinator,
Bookrunner and Listing
Partner
2007
2007
IPO
(shares)
ABO
(shares)
Sole bookrunner
Sole Bookrunner
Sole Bookrunner
IPO
(shares)
IPO
(shares)
ABO
(shares)
ABO
(shares)
Sponsor
€ 2,466
€ 51m
€ 233m
ABO
(shares)
Joint Global
Coordinator,
Sponsor
Joint Bookrunner
€ 37m
IPO
(shares)
€ 281m
IPO
(shares)
2010
2007
Global Coordinator,
Bookrunner and Sponsor
2007
€ 38,5m
€ 151,51m
IPO
(shares)
IPO
(shares)
Global Coordinator, Sole
Bookrunner and Listing Partner
2007
€ 414m
IPO
(shares)
Global Coordinator,
Bookrunner and Sponsor
DCM
September 2013
September 2013
July 2013
July 2013
May / June 2013
May 2013
€ 1,250,000,000
Hybrid
6.5% January 2074
€ 750,000,000
3.125% September 2020
€ 425,000,000
8.5% August 2020
€500,000,000
4.375% January 2021
Exchange GBP LT2 due 2018
vs new GBP senior due 2018
New Notes issued amount:
GBP 170,082,000
4.25% Senior Notes
Amortising due 2025
Joint Bookrunner
Joint Bookrunner
Joint Bookrunner
Joint Bookrunner
Lead Dealer Manager
Arranger
March 2013
March 2013
January 2013
€ 300,000,000
US$ 50,000,000
€ 250m tap
4.25% March 2019
6.25% Senior Notes
Amortising due 2023
3,375% Senior Unsecured
due January 2018
Joint Bookrunner
Arranger
€ 1,250,000,000
6.625% March 2018
Joint Bookrunner
February 2013
Joint Bookrunner
Joint Bookrunner
January 2013
US$ 35,000,000
January 2013
€ 400m
€ 700,000,000
5.200% January 2028
Joint Bookrunner
4.00 % Senior Unsecured
due July 2015
Joint Bookrunner
Joint Bookrunner
12
May 2013
€ 750,000,000
2.736% May 2019
Joint Bookrunner
December 2012
April 2013
April 2013
€ 300,000,000
€ 230,000,000
3mE+87bps January 2016
3.875% April 2018
Joint Bookrunner
Joint Bookrunner
November 2012
€ 1,250,000,000
Fixed/Floating
Senior Dated Subordinated
Notes Due December 2042
4.500% November 2019
Joint Bookrunner
Joint Bookrunner
€ 750,000,000
November 2012
April 2013
€ 1,000,000,000
2.375% June 2017
€ 750,000,000
Hybrid
€ 500,000,000
3.375% January 2021
Joint Bookrunner
7.750% March 2073
November 2012
€ 350m
€ 400,000,000
4% Senior Unsecured
due November 2014
Joint Bookrunner
Joint Bookrunner
March 2013
Joint Bookrunner
Joint Bookrunner
November 2012
€ 750,000,000
€ 750,000,000
3.500% February 2020
Joint Bookrunner
Risk Management Activities
Chief Risk Officer

Responsible for monitoring and reporting risks to the CEO

Provides leadership, vision and direction to the Enterprise Risk Management development and its absorption into the Bank’s culture
Credit Risk
Management
Market Risk
Management
Risk Management
London – Risk Projects
Operational Risk
Management
 Counterparty
analysis and credit
and market
assessment of
transactions
 Monitoring and
reporting of market
related exposures
 Risk oversight of
trading activities in
MB London branch
 Rating advisory
 Independent
validation of Front
Office derivatives
pricing models
 Measuring and
monitoring of risks
deriving from
internal processes,
people, systems
and external events
Enterprise Risk
Management
 Liquidity risk
management

Portfolio monitoring and stress testing

ICAAP – Internal Capital Adequacy Assessment Process

Internal rating system validation
13
S.I.S. - Struttura Integrata di Servizi
Corporate
Finance
Corporate &
Investment
Banking
Lending &
Structured
Finance
Capital
Markets
Mediobanca
Securities
Struttura Integrata di Servizi
Organization
Demand Management
Middle Office

Key Tasks

Operations Services

Fidi, Garanzie

Financial Markets
Support

Specific area of expertise

Business strategy

Process analysis

Key Tasks

Demand Management

Project Management

Procedures & policies


Process reengineering

Technology

Support in development
of new capital markets
products

Analysis of requests of
changes in the
information system
Information Technology
14

Key Tasks

System integration

Software development

Interface
customer/vendor


IT and TLC

Process analysis

Structured approach
Back Office

Key Tasks

Cash/securities account

Settlement

Complaints

Credits and Loans

Derivatives


Business administration

Process analysis
Profiles required
Corporate Finance
Lending & Structured Finance

Studies
 business, finance, economics
 management engineering

Languages
 english
 french, spanish, german

 financial accounting
 corporate valuation
 business law
Capital Markets
Operations

Studies
 management engineering
 statistics, mathematics, physics

Studies
 engineering , physics
 computational sciences

Languages
 english
 french, spanish, german

Languages
 english

 business strategy
 financial mathematics
 process analysis
 technology

 financial mathematics
 econometrics
 financial markets & products
Values
15
Why Mediobanca?
History of
success
 Mediobanca is the leading investment bank in Italy and
one of the most important players in the European
arena
 Our people are our most valuable asset. We all share
the culture, ethical principles and the pride that
helped the Bank achieve 65 years of success
Leadership
Culture
Sustainable
business
model
Training
 Working at Mediobanca means working in a fast and
flexible environment where confidentiality is a
treasured value
 Because of our flat hierarchical structure, new joiners
can benefit from working side by side with senior and
experienced professionals to maximise their growth at
such an early and fundamental stage of their careers
 We always take a 360° approach to our clients with
the goal of constantly addressing their needs in the
medium-long term and to work hard to maintain their
trust
Innovation
and
flexibility
16
Mediobanca’s 1st Junior Talent Program
months
3
6
Internship
Skills and interests
identification
--------------------------Italy or Abroad
Sponsor Team
9
12
15
18
21
24
Junior Talent Program (JTP)
Skills and
knowledge enhacement
---------------------------------------------------------------Country / Team rotation
Sponsor Team + Host Team
Who is eligible?
Outstanding interns who have successfully concluded a 6 months internship
What about the program content?
The program is tailor-made: Country/team rotations will be planned to match the individual's skills & interests to the Bank’s
business needs
What do I have to do to apply?
Just apply to our year-round internship openings by sending your cv
What happens next?
If you have been successful during the JTP and have enjoyed your time with us, on the basis of the openings you will be
assigned to your new team
17
Marco
market risk management
 Età: 29
GIORNATA TIPO
 Formazione: Laurea in
Ingegneria Gestionale
(Politecnico di Milano)
Monitoraggio dei
principali indicatori
 Master post lauream in Finanza
Quantitativa e Risk
Management (Università
Bocconi)
8.00
 In Mediobanca da: Luglio 2008
11.00
Studio di fattibilità
di nuovi prodotti
13.00
15.00
20.00
Supporto tecnico alle decisioni del top management
COMPETENZE di uso frequente
PROGETTI RILEVANTI A CUI HO PARTECIPATO
 Tecniche: conoscenza dei principali modelli di pricing e
di risk assesment, analisi funzionale
 Implementazione di una nuova metodologia per il
calcolo dell’esposizione al rischio controparte ed
emittente sul trading book
 Informatiche: programmazione in VBA
 Lingue: Inglese, Spagnolo
 Sviluppo di metriche di valutazione del rischio di nuovi
prodotti/business
 Personali: capacità di lavorare in team
PERCHE’ MEDIOBANCA
 Possibilità di lavorare in un team giovane ed in un contesto in continua evoluzione
18
Maria
equity derivatives trading
 Età: 25
GIORNATA TIPO
 Formazione: Laurea
Triennale e Specialistica in
Economia dei Mercati e degli
Intermediari Finanziari
(Università Bocconi)
Attività di pricing, hedging
e trading sui mercati
 In Mediobanca da: gennaio
2011
8.00
11.00
Briefing di
aggiornamento
13.00
15.00
20.00
Operazioni di chisura
 Tecniche: modelli di pricing di prodotti derivati e
strutturati
 Emissione di prodotti strutturati
 Sviluppo di modelli di pricing per opzioni esotiche
 Gestione del portafoglio indici
 Personali: capacità di lavorare sotto pressione e di
prendere decisioni in situazioni di stress
 Possibilità di lavorare in una realtà dinamica, con forti possibilità di crescita, a contatto con figure professionali altamente
competenti
19
Cristiano
middle office

Età: 30

Formazione: Laurea Triennale in
Economia Aziendale e Specialistica in
Amministrazione, Finanza e Controllo
(Università Bocconi)
GIORNATA TIPO
Controlli ed analisi delle
reportistiche funzionali alle
varie funzioni di supporto della
sala mercati
Supporto al FO ed alle
strutture di staff
 In Mediobanca da: ottobre 2006
8.00
11.00
13.00
15.00
20.00
Presidio di primo livello sulle operazioni OTC inserite nel sistema di
FO, mediante uno specifico workflow, atto a favorire il corretto
recepimento dei trade nei sistemi e nelle reportistiche a valle
 Tecniche: conoscenza e comprensione dei prodotti
finanziari e delle implicazioni derivanti per le varie
funzioni della banca
 Supporto al FO ed alle strutture di staff
 Presidio di primo livello sulle operazioni OTC inserite
nel sistema di FO, mediante uno specifico workflow,
atto a favorire il corretto recepimento dei trade nei
sistemi e nelle reportistiche a valle
 Controlli ed analisi delle reportistiche funzionali alle
varie funzioni di supporto della sala mercati
 Personali: capacità di lavorare in team e di gestire le
attività nelle tempistiche stringenti dettate dal mercato
 Possibilità di lavorare in una realtà dinamica e altamente formativa, con forti possibilità di crescita e di apprendimento
20
Chiara M.
leveraged finance

Età: 30
PRINCIPALI ATTIVITA

Formazione: Laurea in Economia
Aziendale con specializzazione in
Finanza aziendale (Università
Bocconi)

Analisi del pacchetto di due diligence legato alla nuova
opportunità di finanziamento

Implementazione del modello finanziario volto a testare la
debt capacity del nostro potenziale borrower

Incontri con il cliente e/o fondo di private equity acquirente
della società target

Stesura del credit memo da sottoporre al comitato rischi

Review assieme al nostro legal advisor, di tutta la
documentazione legale relativa al nuovo deal
 In Mediobanca da: dicembre
2005
 Tecniche: implementazione di modelli finanziari per
operazioni LBO; conoscenza degli standard contrattuali
per finanziamenti di leveraged buy out
 Strutturazione del finanziamento di acquisizione di
Findus da parte di Bird' s Eye Iglo, il leader europeo dei
surgelati che fa capo al fondo di private equity Permira
 Lingue: Inglese, Francese
 Strutturazione del finanziamento legato all’offerta
pubblica di acquisto da parte di Generali su azioni Toro
Assicurazioni
 Personali: attitudine a lavorare sotto pressione,
proattività , team worker
 Possibilità di essere in un contesto di rilievo all’interno del mercato italiano, dove tra l’altro si è seguiti in maniera
strutturata nel proprio percorso di crescita professionale
21
Chiara A.
debt capital markets

Età: 26

Formazione: Laurea Triennale
in Economia Aziendale e
Laurea Specialistica in
Amministrazione Finanza e
Controllo (Università Bocconi)

In Mediobanca da: giugno 2010
GIORNATA TIPO
Check Bloomberg
per aggiornamento
sul mercato
8.00
11.00
Incontri interni di
brainstorming
13.00
15.00
20.00
Predisposizione di presentazioni/incontri con i clienti

Tecniche: Bloomberg, modelli su excel per simulare
l’impatto sulla struttura economico-finanziaria delle società
di varie soluzioni di finanziamento e power point

Lingue: Inglese

Personali: capacità di lavorare sotto pressione rispondendo a
tutte le richieste con la massima rapidità e precisione

Emissioni di bond

Sviluppo di modelli per simulare l’impatto sulla struttura
economico-finanziaria di varie soluzioni di finanziamento

Attività di consulenza finanziaria
 Possibilità di lavorare con le principali società europee sentendosi un “market-maker”, in una realtà dinamica, a contatto
con figure professionali altamente competenti
22
Contacts
Mediobanca S.p.A.
Human Resources
Piazzetta E. Cuccia, 1 – 20121 Milan
Tel: +39 02 8829 1
Fax: + 39 02 8829 267
E-mail: [email protected]
http://www.mediobanca.it

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