Slide 1: INVL TECHNOLOGY results of 2019
INVL TECHNOLOGY results of 2019
Slide 2: INVL TECHNOLOGY Key Figures
INL TECHNOLOGY INVL TECHNOLOGY KEY FIGURES
Slide 3: Structure of the portfolio companies of INVL Technology
STRUCTURE OF THE PORTFOLIO COMPANIES OF INVL TECHNOLOGY *INVL Technology corporate structure after Novian Group consolidation (since February, 2020)
Slide 4: Key figures of INVL Technology
KEY FIGURES OF INVL TECHNOLOGY INVL Technology 2017-12-31 2018-12-31 2019-12-31 NAV NAV per share 23,811,753 28,024,654 28,958,136 NAV per share 1.9557 2.3018 2.3784
Slide 5: Key figures (thousand EUR)
KEY FIGURES OF INVL TECHNOLOGY (THOUSAND EUR) 12 months of 2018 12 months of 2019 Change in the fair value of financial assets 3,421 1,279 Dividends, interest and other incomes 1,360 185 Operating expenses (533) (531) Net profit (loss) 4,213 933 31-12-2018 31-12-2019 Financial assets value 24,229 25
Slide 6: INVL Technology financial assets (thousand EUR)
INVL TECHNOLOGY FINANCIAL ASSETS (THOUSAND EUR) Companies 31-12-2018 31-12-2019 NRD Companies (includes Etronika UAB, NRD Systems 5,458 5,511 UAB, Norway Registers Development AS and others) Novian1 (includes BAIP UAB, Acena UAB, Algoritmų sistemos UAB, Andmevara Services OU, Andmevara AS, 12,085 15
Slide 7: Change in fair value of financial assets (thousand EUR)
CHANGE IN FAIR VALUE OF FINANCIAL ASSETS (THOUSAND EUR) INVL Technology 31-12-2019 Opening balance (31-12-2018) 24,229 1,279 Revaluation 4,673 Increase of authorised capital of portfolio companies2 (4,269) Sale of directly managed portfolio companies to other portfolio companies3 Opening balance (31
Slide 8: Managed companies key figures
MANAGED COMPANIES KEY FIGURES
Slide 9: The results of INVL Technology portfolio companies (thousand EUR)
THE RESULTS OF INVL TECHNOLOGY PORTFOLIO COMPANIES (THOUSAND EUR) NRD Companies4 NRD AS5 NRD Systems, UAB5 Etronika, UAB 5 2018 2019 2018 2019 2018 2019 2018 2019 Revenue 7,160 6,595 3,391 3,125 2,373 1,994 1,880 2,360 Gross profit 2,504 2,025 953 850 661 354 863 951 EBITDA 503 180 122 140 72 (179)
Slide 10: The results of INVL Technology portfolio companies (thousand EUR)
THE RESULTS OF INVL TECHNOLOGY PORTFOLIO COMPANIES (THOUSAND EUR) NRD Companies4 NRD AS5 NRD Systems, UAB5 Etronika, UAB 5 2018 2019 2018 2019 2018 2019 2018 2019 Tangible assets 42 434 7 14 29 246 2 171 Intangible assets 496 380 15 15 3 2 369 281 Other non-current assets 249 89 873 - 15 69 21 20 Cu
Slide 11: Revenue of NRD Companies of 2019 by country
REVENUE OF NRD COMPANIES OF 2019 BY COUNTRY Lithuania 3% 15% Norway 35% 4% 35% Tanzania Lithuania Bangladesh 5% The Cayman Islands Others 65% 7% Estonia 15% Mauritius 16% Others
Slide 12: The results of INVL Technology portfolio companies (thousand EUR)
THE RESULTS OF INVL TECHNOLOGY PORTFOLIO COMPANIES (THOUSAND EUR) Novian6 IT infrastructure services Software services Andmevara Zissor AS8 Algoritmų BAIP, UAB Services OU/ Andmevara AS Acena, UAB sistemos, UAB Andmevara SRL7 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 Reve
Slide 13: The results of INVL Technology portfolio companies (thousand EUR)
THE RESULTS OF INVL TECHNOLOGY PORTFOLIO COMPANIES (THOUSAND EUR) Novian6 IT infrastructure services Software services Andmevara Services Algoritmų Zissor AS8 BAIP, UAB OU/ Andmevara Andmevara AS Acena, UAB sistemos, UAB SRL7 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 Tang
Slide 14: Revenue of Novian of 2019 by country
REVENUE OF NOVIAN OF 2019 BY COUNTRY Lithuania 3% 11% Kyrgyzstan 3% Estonia 3% 39% 3% Tanzania Lithuania 3% Sweden 5% Rwanda 61% Others 61% 8% Moldova Burkina Faso Others
Slide 15: The results of INVL Technology portfolio companies (thousand EUR)
THE RESULTS OF INVL TECHNOLOGY PORTFOLIO COMPANIES (THOUSAND EUR) NRD CS, UAB10 2018 m. 2019 m. Revenue 3,876 2,836 Gross profit 1,793 1,345 EBITDA 560 330 EBIT 535 207 Net Profit (Loss) 460 232 10 Since the end of 2018 NRD CS UAB undertakes two projects of products R&D. Project are partly funded by
Slide 16: The results of INVL Technology portfolio companies (thousand EUR)
THE RESULTS OF INVL TECHNOLOGY PORTFOLIO COMPANIES (THOUSAND EUR) NRD CS, UAB10 2018 m. 2019 m. Tangible assets 48 292 Intangible assets 140 92 Other non-current assets 164 213 Current assets 2,311 1,096 of which cash 920 465 Total assets 2,663 1,693 Equity 840 1,069 Non-current liabilities - 101 Of
Slide 17: Revenue of NRD CS of 2019 by country
REVENUE OF NRD CS OF 2019 BY COUNTRY 1% 4% 1% 1% Lithuania 2% Norway 36% Lithuania Bangladesh 27% Cyprus Others 64% 64% SAR Denmark Others
Slide 18: Review
INL TECHNOLOGY REVIEW
Slide 19: Geography of INVL Technology portfolio companies
GEOGRAPHY OF INVL TECHNOLOGY PORTFOLIO COMPANIES In 2019, INVL Technology companies carried out projects in 48 countries.
Slide 20: Revenue of INVL Technology of 2019 by country
REVENUE OF INVL TECHNOLOGY OF 2019 BY COUNTRY 1% 1% 6% Lithuania (56%) 1% Norway (7%) 2% 2% Tanzania (6%) 2% Kyrgyzstan (5%) 2% 2% Estonia (4 %) 3% Bangladesh (3%) Sweden (2%) 4% Moldova (2%) Rwanda(2%) 56% 5% Burkina Faso (2%) Latvia (1%) Cayman Islands (1%) 6% Finland (1%) Great Britain(1%) 7% Oth
Slide 21: Revenue of the managed companies distribution in Lithuania and abroad
REVENUE OF THE MANAGED COMPANIES DISTRIBUTION IN LITHUANIA AND ABROAD (THOUSAND EUR) 25 000 21 305 20 000 TOTAL: 119,822 19 482 15 047 15 827 16 584 44% 15 000 15 047 TOTAL: 65,951 14 445 19 482 11 706 11 167 56% 10 855 11 268 10 000 8 841 9 618 8 680 5 845 5 000 2 992 Lithuania IN TOTAL: 34 529 2 1
Slide 22: INVL Technology companies news
INVL TECHNOLOGY COMPANIES NEWS NRD Companies: • NRD Companies with Algoritmų Sistemos started implementation of the project - “Consultancy Services for Development, Installation, Implementation and Commission a Virtual Fiscal Device Management System (VFDMS) in Zanzibar”. • In Kyrgyzstan, BAIP and E
Slide 23: Formation of the Novian group
FORMATION OF THE NOVIAN GROUP INVL Technology consolidated companies in the Novian group that provide IT services and software businesses. • Software services – Algoritmų sistemos UAB, Acena UAB and Andmevara AS • IT infrastructure services – BAIP UAB, Andmevara Services OU AND Andmevara SRL • Media
Slide 24: New company acquired: Zissor
NEW COMPANY ACQUIRED: ZISSOR Zissor AS operates on an international scale, provides services to clients working in the areas of media monitoring and digitization. Novian group united forces for expansion in the Nordic region and increase the value of their businesses.
Slide 25: INVL Technology companies news
INVL TECHNOLOGY COMPANIES NEWS Novian grupė: • In the West African country of Burkina Faso, BAIP has completed the implementation of a high- performance climate change monitoring system. • In Rwanda, NRD CS and BAIP experts implemented a data protection solution at the Rwanda Revenue Authority • And
Slide 26: NRD Cyber Security R&D projects
NRD CYBER SECURITY R&D PROJECTS IntEye – Open Source Intelligence gathering and analysis CySystem – solution, which will help monitor cyber space, system, which uses several AI modules to continuously learn promptly identify and alert about abnormalities in networks. It from the user and provocative
Slide 27: INVL Technology companies news
INVL TECHNOLOGY COMPANIES NEWS NRD Cyber Security • In the South African Republic, NRD CS assisted the University of Cape Town in structuring all cybersecurity related procedures and processes and establishing a Computer Security Incident Response Team (CSIRT). • In Rwanda, NRD CS and BAIP experts i
Slide 28: INVL Technology goals for 2020
INVL TECHNOLOGY GOALS FOR 2020 NRD Companies: • Development of financial technology products: Virtual Fiscal Device System and Banktron Loans. Novian: • Development in the Norwegian market; • Big Data, HPC and AI Technology business development. NRD Cyber Security: • Further development and sale of
Slide 29: Information on the influence of COVID-19 on INVL Technology activities
INFORMATION ON THE INFLUENCE OF COVID-19 ON INVL TECHNOLOGY ACTIVITIES The spread of the COVID-19 virus and the associated economic slowdown may reduce the return on available investment, but management estimates that the impact should not be significant. At this stage it is difficult to quantify th
Slide 30: Important information for closed-end investment company (UTIB) INVL Technology
IMPORTANT INFORMATION FOR CLOSED-END INVESTMENT COMPANY (UTIB) INVL TECHNOLOGY - Investments in the shares of closed-end investment companies (hereinafter may be reffered as “CEF“) are associated with investment risk and others risks specified in the Articles of Association and Prospectus of the clo
Slide 31: Thank you.
THANK YOU. INVL TECHNOLOGY Gynėjų str. 14, 01109 Vilnius, Lithuania www.invltechnology.lt info@invltechnology.lt