Industrial Holding Bulgaria Ad · BSESOF:IHB

Industrial Holding Bulgaria Ad — Industrial Holding Bulgaria — Investor Day (December 2018)

13 slides from Industrial Holding Bulgaria Ad's investor day presentation, Dec 10, 2018

  1. Slide 1: Industrial Holding Bulgaria Investor Day

    INDUSTRIAL HOLDING BULGARIA Daneta Zheleva, CEO INVESTOR SOFIA, DAY 10 DECEMBER 2018

  2. Slide 2: IHB in brief

    IHB in brief 108 M BGN 45.0% 0.12 BGN market earnings per capitalization 1 free float1 share2 0.20 0.34 2 price/book value2 debt/equity National code of Diversity policy corporate Code of ethics governance 1 Unconsolidated data as of 30.11.2018 2 2 Consolidated data as of Q3.2018 INVESTOR DAY| 10-De

  3. Slide 3: The Story of our Portfolio

    The Story of our Portfolio Development of IHB over the years ▪ Focus on strategic industries ▪ Consolidation of investments ▪ Profitable one-off deals 20181 204 M BGN 21 companies 2009 57 M BGN 32 companies Investments across segments 20181 mill. BGN Maritime transport: 103 Machine building: 8 Shipb

  4. Slide 4: Well diversified across segments…

    Well diversified across segments… Revenue across segments mill. BGN Maritime transport 30 Port activities 27 ▪ IHB Shipping Co ▪ KRZ Port Burgas ▪ Emona ▪ Odessos PBM ▪ Karvuna 15 ▪ Bulport logistics ▪ Tirista 10 ▪ Odria 1 ▪ Serdika 83 M BGN | Q3.2018 EBIT across segments mill. BGN 6 Shipbuilding an

  5. Slide 5: …in Bulgaria and worldwide

    …in Bulgaria and worldwide Revenue from core business Q3.2018 Europe2 15% Europe2 export North America 24% 1% 46% 40.8 17% Asia 54% 25.4 2.6 mill. BGN mill. BGN 18% 1% mill. BGN 22% 1% 22% 99% Africa 9.6 Latin America 3% mill. BGN 8% 1% Bulgaria 21% 80% 1% 9% 16% 8.0 13.4 mill. BGN Australia and Oce

  6. Slide 6: Strong balance sheet

    Strong balance sheet Structure of debt mill. BGN 21% 2017 23% 19 10 Q3.2018 118 M BGN 5 15 65 M BGN 22 79% 77% ▪ Conversion 30 M BGN 67 62 ▪ Sale of assets 17 M BGN Дългосрочен дълг Long-term debt Краткосрочен дълг Short-term debt 46 10 13% Q3.2018 50 50 55 39% 2017 48 65 M BGN 118 M BGN 2 3.3% 4.1%

  7. Slide 7: Improving profitability

    Improving profitability Revenue mill. BGN EBIT mill. BGN 17% 18% 13% 100 94 83 83 15 70 11 9 1 -1 2015 2016 2017 Q3.2017 Q3.2018 2015 2016 2017 Q3.2017 Q3.2018 growth margin EBITDA mill. BGN Net profit 31% mill. BGN 14% 5% 12 26 27 22 20 4 4 15 2015 2016 2017 Q3.2017 Q3.2018 -7 -9 2015 2016 2017 Q3.

  8. Slide 8: Maritime transport

    Maritime transport Revenue Share of net assets mill. BGN in % 20% 37% 29% 316 37 34 274 mill. BGN 28 30 25 mill. BGN 2015 2016 2017 Q3.2017 Q3.2018 2017 Q3.2018 EBITDA margin and EBIT margin in % Strengths 34% 35% 37% ▪ experienced management 31% ▪ operational cost 75% of market 18% ▪ Bulgarian crew

  9. Slide 9: Shipbuilding and Ship repair

    Shipbuilding and Ship repair Revenue Share of net assets mill. BGN in % 25% 316 20 274 mill. BGN 13 15 15 mill. BGN 12 24% 25% 2015 2016 2017 Q3.2017 Q3.2018 2017 Q3.2018 EBITDA margin and EBIT margin in % 26% Strengths 21% ▪ specific assets 18% ▪ ship design 13% ▪ diversified revenue 12% 5% 4% 4% R

  10. Slide 10: Port activities

    Port activities Revenue Share of net assets mill. BGN in % 8% 25% 316 11 12 274 mill. BGN 10 9 10 mill. BGN 23% 2015 2016 2017 Q3.2017 Q3.2018 2017 Q3.2018 EBITDA margin and EBIT margin in % Strengths 55% 49% 53% 51% 54% ▪ potential for development of both ports ▪ location ▪ speed and quality 36% 38

  11. Slide 11: Machine building

    Machine building Revenue mill. BGN Share of net assets in % 8% 16% 32 33 11% 316 30 274 24 27 mill. BGN mill. BGN 2015 2016 2017 Q3.2017 Q3.2018 2017 Q3.2018 EBITDA margin and EBIT margin Strengths in % 26% ▪ strong brand 21% ▪ wide product portfolio 20% ▪ vertical integration 15% 22% 13% 16% 16% Ri

  12. Slide 12: Non-financial information

    Non-financial information Employees Communities 22% 22% Q3.2018 2017 1111 4.6 M BGN employed paid 16% Мъже Men 78% Shareholders Корпоративен Corporate tax данък 62% Жени Women Q3.2018 Местни данъци Local taxes Осигуровки Social insurance Suppliers 12 M BGN Customers Q3.2018 net profit 99% in charter

  13. Slide 13: Contacts

    CONTACTS Industrial holding Bulgaria PLC 37A, Fridtjof Nansen str., 7th floor, 1142 Sofia, BULGARIA Tel: (359 2) 980 71 01, 981 55 06 Fax: (359 2) 980 70 72 E-mail: office@bulgariaholding.com Investor relations Venelin Petkov Website: Director: E-mail: ir@bulgariaholding.com www.bulgariaholding.com

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