Lion Capital S.a. · BVB:LION
Lion Capital — Q1 2025 Earnings Presentation
26 slides from Lion Capital's earnings presentation, 2025
Slide 1: Presentation of Financial Results 1Q 2025
— PRESENTATION OF FINANCIAL RESULTS 1Q 2025 — 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: Presentation of Financial Results 1Q 2025 – Scope of Report
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 This keynote presents the Lion Capital’s consolidated financial results as of March 31, 2025, prepared in accordance with the International Financial Reporting Standards adopted by the European Union, and ASF Norm no. 39/2015 for the approval of the Accounti
Slide 3: Entities in the Scope of Consolidation
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Entities in the Scope of Consolidation Subsidiaries Subsidiaries are entities controlled by the Company. The control exists when the Company is exposed or has rights to the variable return based on its participation in the investee entity and could influence
Slide 4: Entities in the Scope of Consolidation – Subsidiaries List
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Entities in the Scope of Consolidation The list of investments in subsidiaries as of March 31, 2025, and December 31, 2024 Stake held (%) No. Company Name March 31, 2025 December 31, 2024 1 (SIF Imobiliare PLC Nicosia) 99.9997 99.9997 2 (SIF SPV TWO Buchares
Slide 5: Associated Entities
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Associated Entities Associated entities are those companies in which the Company can exercise significant influence, but not the control on the financial and operating policies. Lion Capital measures associated entities at fair value through profit and loss.
Slide 6: Details on Consolidated Entities – SAI Muntenia Invest
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Details on Consolidated Entities SAI MUNTENIA INVEST SA Bucharest Lion Capital’s stake as of 31.03.2025: 99.98% SAI Muntenia Invest SA was established in 1997 was acquired by Lion Capital in 2013 and operates as an independent investment management company w
Slide 7: Details on Consolidated Entities – Administrare Imobiliare
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Details on Consolidated Entities Administrare Imobiliare SA Bucharest Participație Lion Capital la 31.03.2025: 97,40% Administrare Imobiliare SA (AISA) was established in 2007, then under the name “Dacia Meridian Expres”. The company took over assets transfe
Slide 8: General Information on Lion Capital
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 General Information on Lion Capital CORPORATE Lion Capital S.A. (the new corporate name starting March 24, 2023, of SIF Banat-Crișana) NAME COMPANY TYPE ▪ joint stock company, Romanian legal entity ▪ established as a self-managed investment company, authoriz
Slide 9: General Information on Lion Capital – Registrations
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 General Information on Lion Capital REGISTRATIONS ▪ Number in Trade Register J1992001898023 ▪ 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
Slide 10: General Information on Lion Capital – Share Capital
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 General Information on Lion Capital 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 BLOOMBERG FIGI 506,010,056 BBG000BMN388
Slide 11: Lion Capital Shareholding Structure
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Lion Capital Shareholding Structure as per holdings, as of March 31, 2025 ■ 39.96% ■ 45.09% Romanian individuals Romanian legal entities (5,732,299 shareholders) (104 shareholders) 5,734,576 ■ 1.30% ■ 13.96% shareholders non-resident individuals non-resident
Slide 12: Lion Capital’s Investment Strategy
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 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 maximizing portfolio returns through dividend income a
Slide 13: Financial Performance and Financial Position
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 FINANCIAL PERFORMANCE [RONm] 31.03.2024 31.12.2024 31.03.2025 Income 18.78 229.6 10.3 Gain / (Loss) on investment (0.41) 0.42 - Expenses 6.02 53.4 (46.8) Gross profit / (Loss) 12.35 176.2 (36.5) Net profit / (Loss) 11.34 161.7 (36.5) FINANCIAL POSITION [RONm
Slide 14: Stock and Net Asset Performance
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 STOCK AND NET ASSET PERFORMANCE 31.12.2024 31.03.2025 Share Price (end of period, RON) 2.8500 2.5900 NAV* / Share (RON) 9.0837 9.0906 Accounting Net Asset / Share (RON) 9.0999 9.1052 Nominal Value of Share (RON) 0.1 0.1 Issued Shares 507,510,056 507,510,056
Slide 15: Net Asset Value March 2024 – March 2025
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 NET ASSET VALUE MARCH 2024 - MARCH 2025 4,800 4,681 4,685 4,620 4,626 4,587 4,619 4,600 4,563 4,501 4,568 4,407 4,400 4,281 4,323 4,000 RON milion (RONm) 3,600 3,200 2,800 2,400 2,000 Mar. '24 Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. '25 R
Slide 16: Assets Under Management
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 ASSETS UNDER MANAGEMENT breakdown on classes (weight on total assets) 2% ■ listed shares ■ corporate bonds 10% 2% value RON 3,372.58m RON 1.24m 69% (31.12.2024: RON 3,247.38m) (31.12.2024: RON 1.26m) 0.03%13% ■ bank deposits + cash available 3% 67% ■ unliste
Slide 17: Stock Portfolio Breakdown by Sector
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 STOCK PORTFOLIO breakdown by sector 6% 2% ■ banking - financial ■ cardboard and paper 4% 6% stakes in 9 companies, worth RON 2,114.48m stakes in 1 company, worth RON 161.09m 3% 6% 5% (31.12.2024: 9 companies, worth RON 1,966.76m) (31.12.2024: 1 company, wort
Slide 18: Stock Portfolio by Stake Held and Liquidity
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 STOCK PORTFOLIO STOCK PORTFOLIO breakdown by stake held breakdown on liquidity ■ up to 5% March 31 , 20 stakes in 12 companies 14% 86% Decembe 25 r3 1 worth RON 1,868.84m (31.12.2024: RON 1,733.47m) 14% 86% ■ listed companies 33% ■ 5-33% RON 3,372.58m (31.12
Slide 19: Top Companies in Lion Capital Portfolio
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 TOP 10 COMPANIES IN LION CAPITAL PORTFOLIO as of March 31, 2025 % of Company (symbol) Activity Stake held Value of stake (RON)* NAV 1. Banca Transilvania (TLV) financial – banking 4.99% 1,310,068,903 28.48% 2. SIF Imobiliare Plc (SIFI) real estate 99.99% 442
Slide 20: LION Price and Volume in 2025
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 LION PRICE AND VOLUME IN 2025 3.0000 RON 2.9000 300,000 RON 2.8100 RON 2.8300 RON 2.7800 250,000 2.8000 RON 2.5900 RON 2.7900 200,000 price LION stock (RON) 2.6000 volume 163,754 volume 150,000 LION 121,303 RON 2.5000 2.4000 100,000 73,242 70,994 2.2000 50,0
Slide 21: LION vs. BET-FI Index in 2025
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 LION vs. BET-FI INDEX IN 2025 LION (RON) BET-FI (points) RON 2.9000 RON 2.8400 64,000 RON 2.8100 RON 2.8300 2.9500 60,649.06 62,000 2.7700 60,000 63,237.87 62,261.89 61,916.42 61,732.64 2.5900 58,000 56,000 RON 2.5900 2.4100 54,000 -7,83% 2.2300 52,000 -1.75
Slide 22: Consolidated Statement of Profit and Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Consolidated statement of profit and loss and other comprehensive income (extract from consolidated financial statements) [all amounts in RON] 31.03.2025 31.12.2024 REVENUES Dividend income - 12,562,232 Interest income (amortised cost assets, FVOCI assets) 9
Slide 23: Consolidated Statement of Profit and Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Consolidated statement of profit and loss and other comprehensive income (extract from consolidated financial statements) [all amounts in RON] 31.03.2025 31.12.2024 PROFIT / (LOSS) BEFORE TAX (29,166,604) 19,440,179 Income tax (1,116,775) (2,113,811) NET PRO
Slide 24: Consolidated Statement of Financial Position
PRESENTATION OF FINANCIAL RESULTS 1Q 2025 Consolidated statement of financial position (extract from consolidated financial statements) [all amounts in RON] 31.03.2025 31.12.2024 Cash and cash equivalents 488,933,541 628,813,111 Bank deposits 20,279,273 21,079,992 Financial assets at amortised cost
Slide 25: Financial Calendar 2025
FINANCIAL CALENDAR 2025 February 28, 2025 Preliminary annual financial results as of December 31, 2024 April 24, 2025 OGM for the approval of the separate and the consolidated financial statements for 2024 FY April 24, 2025 Annual Report and the Separate and the Consolidated Financial Statements for
Slide 26: 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