Lion Capital S.a. · BVB:LION
Lion Capital — H1 2025 Earnings Presentation
28 slides from Lion Capital's earnings presentation, 2025
Slide 1: Presentation of Financial Results 1H 2025
— PRESENTATION OF FINANCIAL RESULTS 1H 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 1H 2025
PRESENTATION OF FINANCIAL RESULTS 1H 2025 This keynote presents the Lion Capital’s consolidated financial results as of June 30, 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 Accountin
Slide 3: Entities in the Scope of Consolidation
PRESENTATION OF FINANCIAL RESULTS 1H 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
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Entities in the Scope of Consolidation The list of investments in subsidiaries as of June 30, 2025, and December 31, 2024 Stake held (%) No. Company Name June 30, 2025 December 31, 2024 1 (SIF Imobiliare PLC Nicosia) 99.9997 99.9997 2 (SIF SPV TWO Bucharest)
Slide 5: Associated Entities
PRESENTATION OF FINANCIAL RESULTS 1H 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 1H 2025 Details on Consolidated Entities SAI MUNTENIA INVEST SA Bucharest Lion Capital’s stake as of 30.06.2025: 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 1H 2025 Details on Consolidated Entities Administrare Imobiliare SA Bucharest Lion Capital’s stake as of 30.06.2025: 97,40% Administrare Imobiliare SA (AISA) was established in 2007, then under the name “Dacia Meridian Expres”. The company took over assets transferr
Slide 8: General Information on Lion Capital
PRESENTATION OF FINANCIAL RESULTS 1H 2025 General Information on Lion Capital CORPORATE Lion Capital S.A. NAME COMPANY TYPE ▪ joint stock company, Romanian legal entity ▪ established as a self-managed investment company, authorized by the Financial Supervisory Authority as Alternative Investment Fun
Slide 9: General Information on Lion Capital
PRESENTATION OF FINANCIAL RESULTS 1H 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
PRESENTATION OF FINANCIAL RESULTS 1H 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 507,510,056 BBG000BMN388
Slide 11: Lion Capital Shareholding Structure
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Lion Capital Shareholding Structure as per holdings, as of June 30, 2025 ■ 39.73% ■ 45.16% Romanian individuals Romanian legal entities (5,731,712 shareholders) (105 shareholders) 5,733,990 shareholders ■ 1.31% ■ 13.90% non-resident individuals non-resident
Slide 12: Foreign Economic Context
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Foreign Economic Context Global • economic recovery continues, but under pressure from inflation and restrictive monetary policies • global growth (IMF): 3.0% in 2025, 3.1% in 2026, below the historical average of 3.7% • inflation easing to 4.2% in 2025, 3.6
Slide 13: Romanian Economic & Market Overview
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Romanian Economic & Market Overview Domestic Economy • GDP nearly stagnant: +0.3% nominal, +1.4% adjusted (1H 2025) • high inflation: 5.7% (June); projected peak 9.2% (Sept.); NBR policy rate 6.5% • low EU fund absorption: 12% of EUR 43.5bn allocated (2021–2
Slide 14: Milestones of Lion Capital Activity in 2025
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Milestones of Lion Capital Activity in 2025 • H1 2025: portfolio management guided by prudence and flexibility • key objective: strengthening portfolio financial resilience • calibration towards assets with appreciation potential in an inflationary environme
Slide 15: Financial Performance and Financial Position
PRESENTATION OF FINANCIAL RESULTS 1H 2025 FINANCIAL PERFORMANCE [RONm] 30.06.2024 31.12.2024 30.06.2025 Income 151.39 229.6 164.62 Gain / (Loss) on investment (10.27) 0.42 63.88 Expenses 12.21 53.4 13 Gross profit / (Loss) 128.91 176.2 218.01 Net profit / (Loss) 121.06 161.7 203.76 FINANCIAL POSITIO
Slide 16: Stock and Net Asset Performance
PRESENTATION OF FINANCIAL RESULTS 1H 2025 STOCK AND NET ASSET PERFORMANCE 31.12.2024 30.06.2025 Share Price (end of period, RON) 2.8500 2.6400 NAV* / Share (RON) 9.0837 9.7201 Accounting Net Asset / Share (RON) 9.0959 9.7311 Nominal Value of Share (RON) 0.1 0.1 Issued Shares 507,510,056 507,510,056
Slide 17: Net Asset Value June 2024 – June 2025
PRESENTATION OF FINANCIAL RESULTS 1H 2025 NET ASSET VALUE JUNE 2024 – JUNE 2025 4,933 4,800 4,681 4,685 4,620 4,626 4,619 4,600 4,599 4,719 4,563 4,501 4,587 4,568 4,400 RON milion (RONm) 4,000 3,600 3,200 2,800 2,400 2,000 iun. '24 iul. aug. sept. oct. nov. dec. ian. feb. mar. apr. mai iun. '25 RON
Slide 18: Assets Under Management
PRESENTATION OF FINANCIAL RESULTS 1H 2025 ASSETS UNDER MANAGEMENT breakdown on classes (weight on total assets) 2% 8% ■ listed shares ■ corporate bonds 2% value RON 3,551.95m RON 110.34m 68% (31.12.2024: RON 3,247.38m) (31.12.2024: RON 1.26m) 2% 13% 67% ■ unlisted shares ■ bank deposits + cash avail
Slide 19: Stock Portfolio Breakdown by Sector
PRESENTATION OF FINANCIAL RESULTS 1H 2025 STOCK PORTFOLIO breakdown by sector 6% 2% ■ banking - financial ■ cardboard and paper 4% 6% stakes in 9 companies, worth RON 2,217.68m stakes in 1 company, worth RON 177.21m 3% 7% 5% (31.12.2024: 9 companies, worth RON 1,966.76m) (31.12.2024: 1 company, wort
Slide 20: Stock Portfolio Breakdown by Stake Held and Liquidity
PRESENTATION OF FINANCIAL RESULTS 1H 2025 STOCK PORTFOLIO STOCK PORTFOLIO breakdown by stake held breakdown on liquidity ■ up to 5% June 30, 202 stakes in 12 companies 14% 86% Decembe 5 r3 1 worth RON 1,995.84m (31.12.2024: RON 1,733.47m) 14% 86% ■ listed companies 33% ■ 5-33% RON 3,551.95m (31.12.2
Slide 21: Top Companies in Lion Capital Portfolio
PRESENTATION OF FINANCIAL RESULTS 1H 2025 TOP 10 COMPANIES IN LION CAPITAL PORTFOLIO as of June 30, 2025 % of Company (symbol) Activity Stake held Value of stake (RON)* NAV 1. Banca Transilvania (TLV) financial – banking 4.99% 1,418,172,491 28.75% 2. SIF Imobiliare Plc (SIFI) real estate 99.99% 450,
Slide 22: LION Price and Volume in 2025
PRESENTATION OF FINANCIAL RESULTS 1H 2025 LION PRICE AND VOLUME IN 2025 3.0000 RON 2.9000 458,183 443,120450,000 RON 2.8100 RON 2.8300 400,000 2.8000 RON 2.6500 RON 2.6700 RON 2.6400 350,000 RON 2.5900 volume 300,000 price LION 2.6000 LION 250,000 volume RON 2.5000 RON 2.5100 200,000 2.4000 163,754
Slide 23: LION vs. BET-FI Index in 2025
PRESENTATION OF FINANCIAL RESULTS 1H 2025 LION vs. BET-FI INDEX IN 2025 LION (RON) BET-FI (points) RON 2.9000 64,000 2.9500 RON 2.8300 61,701.86 60,830.06 RON 2.8100 61,416.57 62,000 2.7700 63,237.87 61,916.42 RON 2.6700 60,000 61,732.64 RON 2.6300 2.5900 58,000 59,752.83 RON 2.6400 56,000 56,698.29
Slide 24: Consolidated Statement of Profit or Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Consolidated statement of profit or loss and other comprehensive income (extract from consolidated financial statements) [all amounts in RON] 30.06.2025 30.06.2024 REVENUES 122,574,386 104,047,516 Dividend income 19,773,946 13,590,934 Interest income (amorti
Slide 25: Consolidated Statement of Profit and Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Consolidated statement of profit and loss and other comprehensive income (extract from consolidated financial statements) [all amounts in RON] 30.06.2025 30.06.2024 PROFIT / (LOSS) BEFORE TAX 213,548,592 110,519,710 Income tax (16,683,990) (10,074,009) NET P
Slide 26: Consolidated Statement of Financial Position
PRESENTATION OF FINANCIAL RESULTS 1H 2025 Consolidated statement of financial position (extract from consolidated financial statements) [all amounts in RON] 30.06.2025 31.12.2024 Cash and cash equivalents 439,679,230 628,813,111 Bank deposits 17,011,670 21,079,992 Financial assets at amortised cost
Slide 27: 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 28: 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