Ab Artea Bankas · OMXVSE:ROE1L
Ab Artea Bankas — Artea Emerging Markets Ex-Dictatorship Bond Subfund — Debt Investor Presentation (September 2025)
19 slides from Ab Artea Bankas's debt investor presentation, September 2025
Slide 1: Artea Emerging Markets Ex-Dictatorship Bond Subfund
Artea Emerging Markets Ex-Dictatorship Bond Subfund 2025 September
Slide 2: Disclaimer
Disclaimer Artea Emerging Markets Ex-Dictatorship Bond subfund (hereinafter – the Subfund) is a subfund of the open-ended harmonized investment fund Artea Umbrella Fund, managed by UAB „Artea Asset Management“ (hereinafter – the Management Company). The assets of the Subfund are invested in debt sec
Slide 3: Investment philosophy
Investment philosophy Where does the alpha come from?
Slide 4: Strategy
Strategy Focused Emerging Market government, quasi-sovereign and corporate bond TOP picks Objective: Strategy: • Focus on hard-currency short-term sovereign and corporate debt securities in Emerging Markets (currency risk hedged to EUR) maximization of risk-adjusted returns (Sortino • Current averag
Slide 5: Sources of alpha
Sources of alpha Avoiding value- destructive positions and Exploiting off-benchmark volatility from serial opportunities defaulters or local currencies Usage of arbitrage Active participation in opportunities between primary and secondary single-issuer EUR and markets USD bonds
Slide 6: Typical issuers that the fund is looking for: case study
Typical issuers that the fund is looking for: case study Globalworth: • Leading office investor and landlord in Central and Eastern Europe, with a portfolio of over 1 million sqm of assets: • Value of investment property at over 2.5 billion EUR; • Tenants mostly in Poland and Romania. • Solid fundam
Slide 7: Currency depreciation
Hard currency only: avoiding the volatility of local currencies Subfund only invests capital into EUR or USD denominated bonds therefore avoiding unexpected situations 40% TRY/EUR EGP/EUR BRL/EUR ARS/EUR 20% Currency depreciation 0% -20% -40% -60% -80% -100% Source: Artea Asset Management, September
Slide 8: Main characteristics and comparisons
Main characteristics and comparisons
Slide 9: Subfund investment breakdowns
Subfund investment breakdowns Sector Country and credit profile Government Lithuania 15% Real Estate Colombia 28% Brazil 6% Financials Latvia 7% Consumer Staples Romania Poland Industrials 7% Mexico Energy Estonia 8% 18% Consumer Discretionary Cash 12% Bulgaria Other Côte d'Ivoire Duration Moldova A
Slide 10: Subfund's yield has remained attractive
Subfund’s yield has remained attractive Artea Emerging Markets Ex-Dictatorship subfund 10.0 9.0 8.0 7.0 Yield to maturity, % 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Source: Artea Asset Management, September 2025
Slide 11: Top investments
Top 5 investments - EEEC accounts for ~40% of the electricity distribution market in Bulgaria, is vertically EASEUR 6 1/2 05/15/30 4.6% integrated and has a monopoly in the western part of the country; (EEEC) - 5% YTM for a 3Y duration, Ba2/BB rated issue. - Mexico is the 15th largest economy in the
Slide 12: Significant outperformance against the benchmark
Significant outperformance against the benchmark 50% Artea Emerging Markets Ex-Dictatorship subfund Benchmark 40% 30% Total return (in %) 20% 10% 0% -10% -20% 2016.07 2017.07 2018.07 2019.07 2020.07 2021.07 2022.07 2023.07 2024.07 2025.07 Modified Ann. return Volatility Sharpe ratio YTM duration Sub
Slide 13: Superior longer-term returns compared to peers
Superior longer-term returns* compared to peers (sorted by 5Y) Since Funds YTD 2Y 3Y 5Y 2016.07.01 Artea Emerging Markets Ex-Dictatorship Subfund Performance 6.7% 25.3% 38.6% 18.7% 38.1% No. of competitors 168 168 168 168 168 Ranking 97 41 29 7 1 Quartile 3 1 1 1 1 Since Max DD in 3 Funds YTD 2Y 3Y
Slide 14: Reasons to invest in global Emerging Markets
Reasons to invest in global Emerging Markets Economic growth Demographic advantage over advantage developed markets Annual GDP Working age population Projected growth 2022 2027 2017-2021 2020 Projected 2050 DM 1.5% 2.4% 1.7% EM 3.5% 3.7% 4.3% DM 0.8 bn 0.7 bn Source: IMF EM 4.2 bn 5.3 bn Source: Wor
Slide 15: Summary
Summary Asset class Team Strategy Balanced risk / return Under-researched region Experienced team with solid A proven strategy of bottom-up Short duration and hard which offers attractive track record in very active bond picking and exploiting currency investments that opportunities for active bond
Slide 16: Additional information
i Sk Additional information
Slide 17: ESG & sustainability
> = fe) iq) = 14) — WY) =) (ep) oF O op) LU
Slide 18: ESG integration (Article 6 under SFDR)
ESG integration (Article 6 under SFDR*) “Avoid” approach with focus on downside risks Two main ESG strategies used across fixed income strategies: Negative / exclusionary screening • No involvement / significant income from controversial weapon production and sales, tobacco, alcohol, gambling, porno
Slide 19: Thank you & all the best in the good work that you do
Thank you & all the best in the good work that you do artea.lt