S.C. Fondul Proprietatea SA · BVB:FP
S.C. Fondul Proprietatea SA — Fondul Proprietatea — Shareholder Meeting (July 2021)
19 slides from S.C. Fondul Proprietatea SA's shareholder meeting presentation, Jul 16, 2021
Slide 1: Fondul Proprietatea – General Shareholders Meeting
Fondul Proprietatea – General Shareholders Meeting 16 July 2021
Slide 2: Fund Information
Fund Information Is FONDUL ey FRANKLIN » TEMPLETON eel
Slide 3: The Fund – Key Facts
The Fund – Key Facts Fund Details1 RON USD NAV 11.43 bn 2.76 bn2 NAV/Share 1.9309 0.46612 Price/Share 1.8500 0.44662 Price/GDR 93.622 22.60 Market Capitalization as at 30 June 2021 10.95 bn 2.64 bn3 Discount/Premium per Share as at 30 June 2021 0.77% Discount/Premium per GDR as at 30 June 2021 (0.64
Slide 4: Shareholders structure
Shareholders structure Evolution (% Held)1 2% 2% 3% 3% 6% 10% 10% 8% 6% 6% 9% 10% 12% 12% 9% 9% 13% 18% 14% 14% 14% 9% 11% 14% 19% 27% 28% 29% 10% 17% 31% 33% 34% 43% 34% 31% 34% 54% 35% 37% 31% 55% 53% 28% 28% 30% 26% 25% 23% 22% 18% 17% 10% 25% 6% 22% 20% 17% 16% 14% 15% 14% 16% 13% 11% 12% 39% 5%
Slide 5: FP Market performance
FP Market performance FP Adjusted Share Price (RON) vs. Discount/Premium (%) 1.97 8% 1.80 0% 1.64 -8% 1.47 -17% 1.31 -25% 1.14 -34% 0.98 -42% 0.81 -50% 0.65 -59% 0.48 -67% 0.32 -76% 0.15 -84% 1/11 8/11 2/12 9/12 4/13 10/13 5/14 11/14 6/15 12/15 7/16 2/17 8/17 3/18 9/18 4/19 10/19 5/20 12/20 6/21 Adj
Slide 6: Portfolio
Portfolio — 7 = ie %
Slide 7: Current Portfolio Structure
Current Portfolio Structure Listed vs Unlisted By Sector (% of NAV as at 30 June 2021)1 (% of NAV as at 30 June 2021)1 2% 9% 2% 9% 8% 17% 12% 53% 74% 15% Unlisted Listed Net Cash & receivables Power Utilities: Generation Infrastructure Oil & Gas Heavy industry Aluminium Power & Gas Utilities: Distri
Slide 8: Largest Holdings by NAV
Largest Holdings by NAV NAV as at % in NAV Majority 30 June 2021 as at Portfolio Company Status Shareholder % Stake1 (USD mn) 30 June 2021 Hidroelectrica Unlisted Romanian State 19.9% 1,457.8 52.8% OMV Petrom Listed OMV 7.0% 406.6 14.7% Engie Romania Unlisted Engie 12.0% 145.8 5.3% Bucharest Airport
Slide 9: Top 10 portfolio holdings – Key financials
Top 10 portfolio holdings – Key financials Net Profit (RON mn) Top 10 Holdings1 2016 2017 2018 2019 2020 Hidroelectrica 1,227.7 1,296.5 1,939.3 1,386.5 1,443.2 OMV Petrom 1,037.7 2,489.3 4,077.8 3,634.6 1,291.0 Engie Romania 384.9 342.6 428.7 385.2 492.8 Bucharest Airports 224.7 290.7 371.8 359.6 (1
Slide 10: Corporate Actions
Corporate Actions FONDUL @. FRANKLIN -° TEMPLETON
Slide 11: Distributions to shareholders
Distributions to shareholders Annual Distributions to Shareholders (RON mn) 1,124.3 552.7 507.7 1,499.0 1,778.5 923.6 1,190.8 1,743.7 1,870.6 1,081.3 1,483.0 1,052.7 25.4% 29% 2,000 18.3% 21.9% 17.5% 18.3% 23% 1,500 583.1 600.0 832.5 15.5% 1,121.5 14.8% 17% 10.5% 812.6 1,000 236.6 181.5 484.4 211.3
Slide 12: Special dividend distributions in 2021
Special dividend distributions in 2021 RON 0.0720 gross dividend per share1 RON 0.0700 gross dividend per share2 Main dates related to the RON 0.0720 Main dates related to the RON 0.0700 gross dividend per share distribution1 gross dividend per share distribution2 • NAV Ex-Date: 29 April 2021 • NAV
Slide 13: Cash Distributions to Shareholders
Cash Distributions to Shareholders Gross Cash Net Cash distribution distribution Distribution Financial year Paid in (RON/share) (RON/share) 2008-2009 Dividend 2010 0.08160 0.06854 (aggregate) Dividend 2010 2011 0.03141 0.02638 Dividend 2011 2012 0.03854 0.03237 Dividend 2012 2013 0.04089 0.03435 Re
Slide 14: Buy-back programs
Buy – back programs No. of shares (to be) repurchased/ Average % of the Fund’s share price Cancellation Program Period Status issued share capital (RON/share) Broker of shares Cancellation of shares approved by 1 Jan – Auerbach Grayson, Eleventh Finalized 797.96 mn/11.07% 1.33472 shareholders during
Slide 15: Total dividend income from portfolio companies
Total dividend income from portfolio companies FP Net Dividend (RON mn) 2013 2014 2015 2016 2017 2018 2019 2020 202112 Total Dividends from Listed Companies (RON mn) 373.9 538.6 251.5 36.0 148.1 199.6 223.0 200.2 116.8 Total Dividends from Unlisted Companies (RON mn) 275.82 143.5 315.9 315.2 404.5 3
Slide 16: GSM agenda – Main points
16 July 2021 GSM agenda – Main points OGM agenda • The approval of a gross special dividend of RON 0.07 per share, in accordance with the supporting documentation; • The approval of 5 August 2021 as the Ex – Date; • The approval of 6 August 2021 as the Registration Date; • The approval of 27 August
Slide 17: Disclaimer (I)
Disclaimer (I) This presentation is made solely to the intended recipient and should not be distributed to, or acted upon by, any other person. It is for general information only and reflects the personal views of the presenter. Nothing herein is intended to constitute advice on investment, legal or
Slide 18: Disclaimer (II)
Disclaimer (II) The price of shares and income from them can go down as well as up and you may lose some or all of your capital invested. The previous results of a fund or company do not account for future performances. Currency fluctuations will affect the value of foreign investments. All investme
Slide 19: Thank You
Fondul Proprietatea Premium Point Buzesti Street 76-80, 1st District Bucharest 011017 www.fondulproprietatea.ro Thank You
Fondul Proprietatea — Shareholder Meeting (July 2021) on 6ix