Slide 1: Preliminary results of Invalda AB group for 9 months ending September 30, 2012
Preliminary results of Invalda AB group for the period 9 months ending September 30, 2012 Vilnius, November 30, 30, 2012
Slide 2: What is Invalda AB?
What is Invalda AB? Invalda AB is one of the largest Lithuanian investment companies whose primary objective is to steadily increase the investor equity value Invalda AB actively manages its investments, exercising control or significant influence over target businesses. More about businesses manage
Slide 3: Management principles
Management principles Invalda AB follows these principles: Competitiveness and independence Each business of the Group must be competitive and self-sustainable, have professional management teams capable of forming business strategy and implementing ambitious objectives. Risk segregation Invalda AB
Slide 4: Investment philosophy
Investment philosophy Invalda AB is a company driven by shareholder value creation Invalda AB seeks to acquire competitive businesses that, with additional capital or management resources, may successfully be developed organically, consolidate fragmented markets or otherwise increase value. Invalda
Slide 5: Invalda AB Group activity sectors
Invalda AB Group activity sectors 5
Slide 6: Shareholder structure
Shareholder structure Other shareholders 21,78% Vytautas Bucas Algirdas Bucas 15,83% 8,17% RB Finansai UAB 6,33% Darius Sulnis 7,69% Alvydas Banys and related persons Dalius and Dovile 8,27% Kaziunai 0,52% Lucrum Investicija UAB Irena Ona Miseikiene 7,41% 24,00% Votes for the announcement day as of
Slide 7: Management
Management Vytautas Bucas - Chairman of the Board Vytautas Bucas is a member of ACCA (Association of Chartered Certified Accountants, UK) since 2002. After graduation from his studies at Vilnius University for a period he worked at the audit company Arthur Andersen where he started as an auditor’s a
Slide 8: Management
Management Indre Miseikyte – Member of the Board (from April 30, 2012) Indre Miseikyte has graduated architecture studies in Vilnius Gediminas technical university. From 1994 till 1996 she worked in Vilniaus Baldai AB, late – in real estate and investment companies Gildeta UAB, Kremi UAB and Invalda
Slide 9: The shares of Invalda AB
The shares of Invalda AB Total number of 51,802,146 (shares) Capitalization, m EUR securities 132,10 130,93 122,77 Nominal (par) value 1 litas 100,58 100,37 ISIN LT0000102279 Name IVL1L Exchange NASDAQ OMX Vilnius List BALTIC MAIN LIST 30.09.2011 30.12.2011 31.03.2012 30.06.2012 30.09.2012 2012 9 mo
Slide 10: Trading in shares
Trading in shares Turnover (€) IVL1L change (%) OMXV change (%) OMX Baltic Financials GI change (%) DJStoxxEUTMI change (%) 100,00 250000 80,00 60,00 200000 Change (%) Turnover, € 40,00 20,00 150000 0,00 -20,00 100000 -40,00 -60,00 50000 -80,00 -100,00 0 2011.09.30 2011.10.28 2011.11.29 2011.12.28 2
Slide 11: Financial results
Financial results
Slide 12: Key events (1)
Key events (1) The Extraordinary General Shareholders Meeting of Invalda AB of November 20, 2012 approved drawing up of the terms of Invalda AB split-off and authorized the Board to prepare the terms of split-off of the Company. On August 6, 2012, the share capital of Invalda AB was reduced from 57,
Slide 13: Activity results of Invalda AB
Activity results of Invalda AB Consolidated Parent company 2012 2011 2012 2011 million litas 9 months 9 months 9 months 9 months Assets 587.0 703.9 376.4 465.8 Equity 411.2 436.0 363.8 384.9 detailed on slide 14 Liabilities 175.8 267.9 12.6 80.9 Profit (loss) for the 27.4 238.3 24.2 299.1 period Att
Slide 14: Equity and liabilities
Equity and liabilities 2012 2011 Invalda AB, million litas 9 months 9 months Equity 363.8 384.9 Liabilities to financial institutions - 1.7 of which are long term - - Liabilities to group companies 10.2 0.2 Bonds - 33.2 Other liabilities 2.4 45.8 Total liabilities 12.6 80.9 Total equity and liabilit
Slide 15: Invalda AB assets according to standalone financial statements (book value)
Invalda AB assets according to standalone financial statements (book value) Book value Asset September 30, Description 2012, million litas 72.14 percent stake of Vilniaus Baldai AB, the share Furniture manufacturing 13.9 value on September 30, 2012 in NASDAQ OMX Vilnius is 117.1 million litas (€33.9
Slide 16: Results
Results Impact to the profit (loss) statement of Invalda AB due to group sectors and financial investments million litas 2012 9 months 2011 9 months 14.1 15.1 Furniture manufacturing Real estate (10.0) (2.2) Facilities management (0.2) 1.03 Agricultural 7.5 - Information technology infrastructure (1
Slide 17: Furniture manufacturing (1)
Furniture manufacturing (1) million litas 2012 9 months 2011 9 months Change Change, % Sales 179.1 179.4 (0.3) (0.17) EBITDA 26.9 28.3 (1.4) (4.9) Net profit 19.5 20.9 (1.4) (6.7) Capitalization 162.4 126.1 36.3 28.8 Shares of Vilniaus Baldai AB are listed on NASDAQ OMX Vilnius stock exchange 160000
Slide 18: Furniture manufacturing (2)
Furniture manufacturing (2) Main events There were no significant changes in Vilniaus Baldai AB activity within the third quarter of 2012. The sales decreased by 0.1 percent, to 179.1 million litas (€51.9 million). EBITDA was 26.9 million litas (€7.8 million), (in the corresponding period of 2011 EB
Slide 19: Real estate sector (consolidated data) (1)
Real estate sector (consolidated data) (1) 2012 2011 million litas 9 months 9 months Change Change, % Value of real estate 247.1 260.7 (13.6) (5.2) Commercial real estate 153.5 164.8 (11.3) (6.9) Real estate for development 36.2 65.4 (29.2) (44.6) Residential real estate 15.8 6.6 9.2 139.4 Agricultu
Slide 20: Real estate sector (2)
Real estate sector (2) Main events The total sector’s income growth came from the sale of apartments in the project Elniakampio Namai for the total amount is 5.6 million litas (€1.6 million). Overall residential property sales amounted to 6.9 million litas (€2 million). During the nine months of 201
Slide 21: Facility management sector (1)
Facility management sector (1) Sector’s results From the first quarter of 2011 facility management sector is recognized as a separate sector in the financial statements of Invalda AB. 2012 2011 Change Change,% million litas 9 months 9 months Sales 9.6 7.2 2.4 33.3 EBITDA 0.2 0.8 (0.6) (75) Net profi
Slide 22: Facility management sector (2)
Facility management sector (2) Main events The reorganization of the facility management structure, optimization of business processes and improvement of quality of services was continued during the first half of 2012. The business management system was started to be implemented in all companies of
Slide 23: Agricultural sector (1)
Agricultural sector (1)) Activity of Litagra UAB group The companies of Litagra UAB group are engaged in the primary crop and livestock (milk) production, grain processing and agricultural services. Group companies trade in plant protection products, fertilizers, seeds, compound feed, feed supplemen
Slide 24: Agricultural sector (2)
Agricultural sector (2)) Sector’s results Within January-September of 2012, compared with the same period in 2011, an income grew by 11.1 percent, to 301.7 million litas (€87.4 million) ; earnings before interest, taxes, depreciation and amortization (EBITDA) – grew by 65.3 percent to 31.9 million l
Slide 25: Information technology sector (1)
Information technology sector (1) Consolidated results of BAIP Group¹ UAB million litas 2012 9 months 2011 9 months Change Change, % Sales 24.0 19.3 4.7 24 EBITDA 0.6 0.3 0.3 100 Net profit before investment (0.6) (0.4) (0.2) - amortization2 and cost of management options Net profit (1.6) (1.7) 0.1
Slide 26: Information technology sector (2)
Information technology sector (2) Main events BAIP UAB implemented information technology services management standard and was granted with ISO20000 certificate. Furthermore, BAIP UAB entered into agreement on supply of Dell End-to-End Enterprise and Client Solutions to all European offices of the c
Slide 27: Rail and road infrastructure
Rail and road infrastructure Trakcja – Tiltra, S.A. shares are listed on Warsaw Stock Exchange 1,6 8000000 1,4 7000000 1,2 6000000 1 5000000 0,8 4000000 0,6 3000000 0,4 2000000 0,2 1000000 0 0 02.01.2012 02.02.2012 02.03.2012 02.04.2012 02.05.2012 02.06.2012 02.07.2012 02.08.2012 02.09.2012 Turnover
Slide 28: Disclaimer
Disclaimer The presentation was prepared by Invalda AB. The following information was used for the preparation: Preliminary consolidated and Company’s financial statements of Invalda AB for 9 months of 2012; Data provided here is for information purposes only. The information provided here is not a
Slide 29: Thank you!
Thank you!