Lion Capital S.a. · BVB:LION
Lion Capital — Q3 2023 Earnings Presentation
23 slides from Lion Capital's earnings presentation, 2023
Slide 1: Presentation of Financial Results 3Q 2023
— PRESENTATION OF FINANCIAL RESULTS 3Q 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 3Q 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 3Q 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 3Q 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 3Q 2023 Shareholders’ Structure as per holdings, as of September 30, 2023 ■ 39.09% ■ 43.84% Romanian individuals Romanian legal entities (5,736,317 shareholders) (107 shareholders) 5,738,586 ■ 1.27% ■ 15.61% shareholders non-resident individuals non-resident legal e
Slide 6: Lion Capital's investment strategy
PRESENTATION OF FINANCIAL RESULTS 3Q 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 3Q 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 September 30, 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 Financial Results as of September 30, 2023 Lion Capital's activity in the first nine months of 2023 has aligned with the directions outlined in the business plan approved by the shareholders, the primary investment objectives focusing on: • maintaining a div
Slide 9: Financial Results as of September 30, 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 Financial Results as of September 30, 2023 Lion Capital recorded dividend income amounting to RON 108.8m as of 30.09.2023, 35% below the value as of 30.09.2022, the decline being primarily attributed to the unequal approach on dividend distribution by the ma
Slide 10: Financial Results as of September 30, 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 Financial Results as of September 30, 2023 Expenses are up 12% (slightly above the annual inflation rate) vs. the first nine months of the previous year, with increases recorded both in commission expenses and operational expenses. Net profit amounting to RO
Slide 11: Financial Performance and Financial Position
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 FINANCIAL PERFORMANCE [RONm] 30.09.2022 31.12.2022 30.09.2023 Income 172.51 174.92 118.53 Gain / (Loss) on investment (143.13) (47.40) 152.90 Expenses 14.45 24.39 16.24 Gross profit / (Loss) 14.93 103.12 255.18 Net profit / (Loss) 7.27 95.47 242.93 FINANCIAL
Slide 12: Stock and Net Asset Performance
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 STOCK AND NET ASSET PERFORMANCE 30.09.2022 31.12.2022 30.09.2023 Share Price (end of period, RON) 2.4500 2.4300 2.5400 NAV* / Share (RON) 5.8902 6.3817 7.5234 Accounting Net Asset / Share (RON) 5.9035 6.3897 7.4815 Nominal Value of Share (RON) 0.1 0.1 0.1 Is
Slide 13: Net Asset Value (NAV) September 2022 - September 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 Net Asset Value (NAV) September 2022 - September 2023 3,811 3,607 3,654 3,500 3,382 3,386 3,456 3,337 3,304 3,185 3,239 3,229 3,100 2,989 3,036 RON milion (RONm) 2,700 2,300 1,900 1,500 Sept. '22 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. '2
Slide 14: Assets Under Management
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 ASSETS UNDER MANAGEMENT breakdown on classes (weight on total assets) 4% ■ listed shares ■ bank deposits + cash available 7% 67% value RON 2,695.97m value RON 282.01m 4% 1% 1% (31.12.2022: RON 2,336.59m) (31.12.2022: RON 26.61m) 1% ■ unlisted shares ■ receiv
Slide 15: Stock Portfolio by Sector
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 STOCK PORTFOLIO breakdown by sector 6% 5% ■ banking - financial ■ hospitality (hotels and restaurants) 5% stakes in 12 companies, worth RON 1,458.74m stakes in 3 companies, worth RON 171.19m 5% 5% (31.12.2022: 13 companies, worth RON 1,322m) (31.12.2022: 4 c
Slide 16: Stock Portfolio by Stake Held and Liquidity
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 STOCK PORTFOLIO STOCK PORTFOLIO breakdown by stake held breakdown on liquidity ■ up to 5% 41% stakes in 26 companies 14% 86% worth RON 1,342.83m (31.12.2022: RON 1,173.25m) 43% ■ 5-33% 17% 83% ■ listed companies RON 2,695.97m (31.12.2022: RON 2,336.59m) valu
Slide 17: Top 10 Companies in Portfolio as of September 30, 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 TOP 10 COMPANIES IN PORTFOLIO as of September 30, 2023 % of Company (symbol) Activity Stake held Value of stake (RON)* NAV 1. Banca Transilvania (TLV) banking-financial 4.78% 843,120,768 22.12% 2. SIF Imobiliare Plc (SIFI) real estate 99.99% 348,341,981 9.14
Slide 18: LION (SIF1) Price and Volume in 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 LION (SIF1) PRICE AND VOLUME IN 2023 RON 2.5400 3.0000 900,000 RON 2.4500 RON 2.4600 810,574 750,841 800,000 RON 2.4500 RON 2.5500 price LION (SIF1) (RON) 700,000 2.0000 RON 2.3500 600,000 465,891 volume 500,000 volume LION 400,000 307,924 1.0000 300,000 227
Slide 19: LION (SIF1) vs. BET-FI Index in 2023
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 LION (SIF1) vs. BET-FI INDEX IN 2023 LION (SIF1) (RON) BET-FI (points) 55,249.03 54,101.37 54,550 2.7500 52,550 RON 2.4500 RON 2.5500 RON 2.4600 RON 2.4500 RON 2.3500 2.5500 50,550 2.3500 48,550 RON 2.3900 RON 2.5400 50,303.71 51,008.41 2.1500 46,550 48,913.
Slide 20: Separate statement of financial position
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 Separate statement of financial position (extract from standalone financial statements) [all amounts in RON] 31.12.2022 30.09.2023 Cash and cash equivalents 26,615,152 282,018,531 Financial assets at fair value through profit and loss (FVTPL) 1,723,810,844 1
Slide 21: Separate statement of profit and loss and other comprehensive income
PRESENTATION OF FINANCIAL RESULTS 3Q 2023 Separate statement of profit and loss and other comprehensive income (extract from standalone financial statements) [all amounts in RON] 30.09.2022 30.09.2023 INCOME Dividend income 166,177,167 108,793,770 Interest income 5,749,773 9,650,192 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