Slide 1: Preliminary results of Invalda AB group for 12 months of 2008
Preliminary results of Invalda AB group for 12 months of 2008 27--02--2009, 200 , Vilnius
Slide 2: Table of contents
Table of contents • Financial results • Significant events • Shares’ information • Shareholders structure • Trading in shares • Governance 2
Slide 3: Preliminary financial results (1)
Preliminary financial results (1) Group Company 12 12 12 12 months months months months thous. thous. LTL 2008 2007 change 2008 2007 change Result before taxes -88 019 97 813 -185 832 7 580 86 096 -78 516 Net result -87 675 87 560 -175 235 8 337 86 804 -78 467 Net result attributable to the holders
Slide 4: Preliminary financial results (2)
Preliminary financial results (2) Group sectors’ net profit (loss) attributable to Invalda AB 12 months 12 months mLTL 2008 2007 Real estate -64.01 44.61 Finance -24.02 14.05 Furniture manufacturing 0.72 -0,31 Pharmacy 0.14 13.20 Road construction 18.23 5.68 Hotel management* 30.53 1.99 Production a
Slide 5: Financial results (3)
Financial results (3) Items of the balance sheet Group Company 31- 31-12- 12- 2008 31- 31-12- 12- 2007 31- 31-12- 12- 2008 31- 31-12- 12- 2007 thous. thous. LTL unaudited audited change unaudited audited change Non - current assets 671 636 837 394 -165 758 410 027 405 376 4 651 Current assets 216 91
Slide 6: Financial results (4)
Financial results (4) Ratios Group Company 2008 2007 2008 2007 Return on average equity (ROAE), % -36.54 25.18 4.71 53.31 Debt ratio 0.79 0.75 0.68 0.66 Debt - equity ratio 3.82 2.95 2.08 1.93 Liquidity ratio 0.53 0.62 0.65 0.45 Earnings per share (EPS), LTL -2.03 1.78 0.20 1.96 Price - earnings rat
Slide 7: Significant events of IV quarter (1)
Significant events of IV quarter (1) • Invalda AB issued 75 mLTL non-non-public bonds Following the Board decision of October 15, 2008, 75 mLTL nominal value non-public bonds were issued. This issue was refinanced in December 2008 by issuing non-public 25 mLTL and 50 mLTL nominal value convertible b
Slide 8: Significant events of IV quarter (2)
Significant events of IV quarter (2) • Sale of part of Sanitas AB shares On October 24, 2008, Invalda AB has signed an agreement regarding the sale of 6 314 502 shares, i.e. 20.3 % of share capital, of Sanitas AB for a total price of EUR30 mln to Baltic Pharma Limited, an investment vehicle for fund
Slide 9: Significant events of IV quarter (3)
Significant events of IV quarter (3) • Sale of real estate On November 4, 2008, Invaldos Nekilnojamojo Turto Fondas AB, a subsidiary of Invalda, signed an agreement regarding sale of real estate objects located at Savanoriu av. 28, Vilnius. Land plot (1.50 hectare), office building (12 thous. sq. me
Slide 10: Significant events of IV quarter (4)
Significant events of IV quarter (4) • Forecasts for 2008 revised Invalda AB on November 28 canceled activity forecasts, earlier announced for 2008. Forecasted net consolidated profit of Invalda group for 2008 was 127 mLTL, part of net profit attributable to shareholders of Invalda AB - 121.8 mLTL.
Slide 11: Security information
Security information ISIN code LT0000102279 Name IVL1L Exchange NASDAQ OMX Vilnius List Baltic Main List Listing in the Secondary list date 19-12-1995 Listing in the Main list date 01-01-2008 Share issue 42,568,849 units Total voting rights granted by the shares 42,568,849 units 11
Slide 12: Shareholders structure (votes as of 31-12-2008)
Shareholders structure (votes as of 31- 31-12- 12-2008) Other shareholders 28,99% Vytautas Bucas 22,52% Daiva and Alvydas Baniai 6,73% Dailius Juozapas Miseikis 7,69% Darius Sulnis 8,59% Algirdas Bucas 8,04% Dalius and Dovile Kaziunai 0,50% Lucrum Investicija UAB 16,94% 12
Slide 13: Trading in shares (1)
-100 -80 -60 -40 -20 0 20 01.01.2008 21.01.2008 10.02.2008 Turnover 01.03.2008 21.03.2008 OMXV Change (%) 10.04.2008 30.04.2008 Trading in shares (1) 20.05.2008 09.06.2008 29.06.2008 19.07.2008 08.08.2008 28.08.2008 17.09.2008 07.10.2008 27.10.2008 IVL1L Change (%) 16.11.2008 06.12.2008 26.12.2008 0
Slide 14: Trading in shares (2)
Trading in shares (2) 2008 2007 Share price, LTL: - open 17.15 12.4 - high 17.34 20.29 - low 1.03 12 - last 1.67 17.15 Turnover, units 4 973 647 5 085 097 Turnover, mLTL 47.08 80.36 Capitalisation, LTL 71.09 730.06 Traded volume, units 9 162 11 508 14
Slide 15: Governance (1)
Governance (1) Structure: Structure: – The General Meeting – Collegial managing body - the Board (3 members) – Single person managing body – the President The Supervisory Board is not formed. The Board: Board: – Vytautas Bucas – chairman – Dalius Kaziunas – Darius Sulnis (president) 15
Slide 16: Governance (2)
Governance (2) Information about Board members participation in company’ company’s capital, as well as in activity and / or capital of other companies (more than 5% of shares held) held) as of 31- 31-12- 12-2008: 2008: • Vytautas Bucas (owned amount of Invalda AB authorised capital – 22.52%, voting
Slide 17: Disclaimer
Disclaimer • Presentation was prepared by Invalda AB. In preparation the following data was used: – company’s and consolidated preliminary financial statements for 12 months of 2008 of Invalda AB; – company’s and consolidated audited financial statements for 2007 of Invalda AB • The reported data ca
Slide 18: Thank you !
Thank you ! 18