Lion Capital S.a. · BVB:LION
Lion Capital — H1 2023 Earnings Presentation
23 slides from Lion Capital's earnings presentation, 2023
Slide 1: Presentation of Financial Results 1H 2023
— PRESENTATION OF FINANCIAL RESULTS 1H 2023 — This presentation made available on Lion Capital’s website is addressed only the shareholders for information purposes only, and should not be reproduced, copied or re-transmitted, and nothing in it should be construed as an offer, invitation or recommen
Slide 2: General Information
PRESENTATION OF FINANCIAL RESULTS 1H 2023 General Information CORPORATE Lion Capital S.A. (the new corporate name starting March 24, 2023, formerly SIF Banat-Crișana) NAME COMPANY TYPE ▪ joint stock company, Romanian legal entity ▪ established as a self-managed investment company, authorized by the
Slide 3: General Information
PRESENTATION OF FINANCIAL RESULTS 1H 2023 General Information REGISTRATIONS ▪ Number in Trade Register J02/1898/1992 ▪ Tax Identification Code RO 2761040 ▪ Number in ASF AFIAA Register PJR07.1AFIAA / 020007 / 09.03.2018 ▪ Number in ASF FIAIR Register PJR09FIAIR / 020004 / 01.07.2021 ▪ Legal Entity I
Slide 4: General Information
PRESENTATION OF FINANCIAL RESULTS 1H 2023 General Information SHARE CAPITAL PART OF BVB (BSE) INDICES RON 50,751,005.60 BET-FI • BET-XT • BET-XT-TR • BET-BK • BET-XT-TRN TOTAL ISSUED SHARES ISIN CODE 507,510,056 ROSIFAACNOR2 OUTSTANDING SHARES FIGI ID 506,520,056 BBG000BMN2P1 NOMINAL VALUE/SHARE MK.
Slide 5: Shareholders' Structure
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Shareholders’ Structure as per holdings, as of June 30, 2023 ■ 39.26% ■ 43.55% Romanian individuals Romanian legal entities (5,737,253 shareholders) (110 shareholders) 5,739,519 ■ 1.23% ■ 15.77% shareholders non-resident individuals non-resident legal entiti
Slide 6: Lion Capital's investment strategy
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Lion Capital’s investment strategy on long turn aims to maximize the performance of the portfolio to increase the value of the assets under management and the investment income The financial objective is to make use of an aggregate return of the portfolio ge
Slide 7: Main lines of action in 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Main lines of action in 2023 ▪ calibration of the portfolio on financial assets / instruments that benefit from an inflationary context ▪ continuing portfolio restructuring by reducing minority interests that do not fit the Company’s investment strategy ▪ co
Slide 8: Financial Results as of June 30, 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Financial Results as of June 30, 2023 Lion Capital's activity in 1H 2023 has aligned with the directions outlined in the business plan approved by the shareholders. The primary investment objectives focused on: • maintaining a diversified portfolio of assets
Slide 9: Financial Results as of June 30, 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Financial Results as of June 30, 2023 Lion Capital recorded dividend income amounting to RON 57m in 1H 2023, a 55% decrease vs. June 30, 2022, the decline being primarily attributed to the dividend policy adopted by the main local and listed banks in Lion Ca
Slide 10: Financial Results as of June 30, 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Financial Results as of June 30, 2023 The expenses as of June 30, 2023, are slightly up (approximately 10%) vs. the first six months of 2022, the increase being attributable to both commission-related costs and operational expenditures. Net profit as of June
Slide 11: Financial Performance and Financial Position
PRESENTATION OF FINANCIAL RESULTS 1H 2023 FINANCIAL PERFORMANCE [RONm] 30.06.2022 31.12.2022 30.06.2023 Income 130.38 174.92 63.34 Gain / (Loss) on investment (99.30) (47.40) 70.95 Expenses 9.62 24.39 10.57 Gross profit / (Loss) 21.46 103.12 123.72 Net profit / (Loss) 12.38 95.47 118.29 FINANCIAL PO
Slide 12: Stock and Net Asset Performance
PRESENTATION OF FINANCIAL RESULTS 1H 2023 STOCK AND NET ASSET PERFORMANCE 30.06.2022 31.12.2022 30.06.2023 Share Price (end of period, RON) 2.4500 2.4300 2.3500 NAV* / Share (RON) 6.2238 6.3817 6.8227 Accounting Net Asset / Share (RON) 6.2348 6.3897 6.8020 Nominal Value of Share (RON) 0.1 0.1 0.1 Is
Slide 13: Net Asset Value June 2022 - June 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 NET ASSET VALUE June 2022 - June 2023 3,500 3,382 3,386 3,456 3,337 3,304 3,159 3,161 3,174 3,185 3,239 3,229 3,100 2,989 3,036 RON milion (RONm) 2,700 2,300 1,900 1,500 Jun.'22 Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun.'23 RON 3,455.86m net
Slide 14: Assets Under Management
PRESENTATION OF FINANCIAL RESULTS 1H 2023 ASSETS UNDER MANAGEMENT breakdown on classes (weight on total assets) 3% ■ listed shares ■ bank deposits + cash available 6% 67% value RON 2,420.84m value RON 205.96m 4% 1% (31.12.2022: RON 2,336.59m) (31.12.2022: RON 26.61m) 1% 1% ■ unlisted shares ■ receiv
Slide 15: Stock Portfolio by Sector
PRESENTATION OF FINANCIAL RESULTS 1H 2023 STOCK PORTFOLIO breakdown by sector 5% 5% ■ banking - financial ■ hospitality (hotels and restaurants) 5% 6% 5% stakes in 12 companies, worth RON 1,343.68m stakes in 3 companies, worth RON 157.43m 5% (31.12.2022: 13 companies, worth RON 1,322m) (31.12.2022:
Slide 16: Stock Portfolio by Stake Held and Liquidity
PRESENTATION OF FINANCIAL RESULTS 1H 2023 STOCK PORTFOLIO STOCK PORTFOLIO breakdown by stake held breakdown on liquidity ■ up to 5% 41% stakes in 25 companies 16% 84% worth RON 1,190.68m (31.12.2022: RON 1,173.25m) 41% ■ 5-33% 17% 83% ■ listed companies RON 2,420.84m (31.12.2022: RON 2,336.59m) valu
Slide 17: Top Companies in Portfolio as of June 30, 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 TOP 10 COMPANIES IN PORTFOLIO as of June 30, 2023 % of Company (symbol) Activity Stake held Value of stake (RON)* NAV 1. Banca Transilvania (TLV) banking-financial 4.78% 701,082,080 20.29% 2. SIF Imobiliare Plc (SIFI) real estate 99.99% 368,402,807 10.66% 3.
Slide 18: LION (SIF1) Price and Volume in 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 LION (SIF1) PRICE AND VOLUME IN 2023 3.0000 465,891 500,000 RON 2.4500 RON 2.5000 RON 2.4600 RON 2.4200 RON 2.4500 450,000 RON 2.4300 400,000 RON 2.4100 RON 2.3500 350,000 2.0000 307,924 LION (SIF1) price (RON) 300,000 volume LION 250,000 200,000 1.0000 137,
Slide 19: LION (SIF1) vs. BET-FI Index in 2023
PRESENTATION OF FINANCIAL RESULTS 1H 2023 LION (SIF1) vs. BET-FI INDEX IN 2023 LION (SIF1) (RON) BET-FI (points) 54,550 2.7500 RON 2.5000 52,550 RON 2.4500 RON 2.4600 RON 2.4300 RON 2.4500 RON 2.4500 2.5500 50,550 RON 2.3500 50,946.29 2.3500 RON 2.3900 48,550 49,974.13 50,303.71 51,008.41 49,649.27
Slide 20: Standalone statement of financial position
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Standalone statement of financial position (extract from standalone financial statements) [all amounts in RON] 31.12.2022 30.06.2023 Cash and cash equivalents, bank deposits 26,615,152 205,957,465 Financial assets at fair value through profit and loss (FVTPL
Slide 21: Standalone statement of profit and loss and other comprehensive income
PRESENTATION OF FINANCIAL RESULTS 1H 2023 Standalone statement of profit and loss and other comprehensive income (extract from standalone financial statements) [all amounts in RON] 30.06.2022 30.06.2023 INCOME Dividend income 127,011,857 56,893,964 Interest income 2,793,569 6,363,775 Other operating
Slide 22: Financial Calendar 2023
FINANCIAL CALENDAR 2023 February 28, 2023 Preliminary Annual Financial Results as of December 31, 2022 April 27, 2023 OGM for the Approval of the Separate and the Consolidated Financial Statements for 2022 FY April 27, 2023 Annual Report and the Separate and the Consolidated Financial Statements for
Slide 23: Contact
Contact HEADQUARTERS 35A Calea Victoriei, Arad, 310158, Romania TEL +40257 304 438 FAX +40257 250 165 EMAIL office@lion-capital.ro BUCHAREST BRANCH 46-48 S. V. Rahmaninov Str., 3rd floor, sector 2, Bucharest, 020199, Romania TEL +4021 311 1647 FAX +4021 314 4487 EMAIL bucuresti@lion-capital.ro WWW.L