S.C. Fondul Proprietatea SA · BVB:FP
S.C. Fondul Proprietatea SA — Fondul Proprietatea — Shareholder Meeting (December 2021)
19 slides from S.C. Fondul Proprietatea SA's shareholder meeting presentation, Dec 15, 2021
Slide 1: Fondul Proprietatea – General Shareholders Meeting 15 December 2021
Fondul Proprietatea – General Shareholders Meeting 15 December 2021
Slide 2: Fund Information
Fund Information Is FONDUL ey FRANKLIN » TEMPLETON eel
Slide 3: Key Facts
Key Facts Fund Details Key figures RON USD NAV as at 29 November 2021 12.13 bn 2.77 bn NAV/Share as at 29 November 2021 2.0692 0.4719 Price/Share as at 14 December 2021 1.8320 0.4189 Price/GDR as at 14 December 2021 91.84 21.00 Market Capitalization as at 14 December 20211 10.73 bn 2.45 bn (Discount
Slide 4: Market performance
Market performance FP Adjusted Share Price (RON) vs. Discount / Premium (%) 1.97 8% 1.80 0% 1.64 -8% 1.47 -17% 1.31 -25% 1.14 -34% 0.98 -42% 0.81 -50% 0.65 -59% 0.48 -67% 0.32 -76% 0.15 -84% 1/11 8/11 3/12 10/12 5/13 12/13 7/14 1/15 8/15 3/16 10/16 5/17 12/17 7/18 1/19 8/19 3/20 10/20 5/21 12/21 Adj
Slide 5: Shareholder structure
Shareholder structure Evolution (% Held)1 2% 2% 3% 3% 6% 6% 3% 10% 10% 8% 9% 10% 10% 6% 4% 3% 14% 12% 12% 14% 14% 4% 10% 3% 18% 3% 3% 3% 5% 6% 20% 3% 3% 3% 3% 3% 3% 14% 54% 25% 3% 17% 16% 15% 43% 22% 14% 13% 55% 53% 11% 12% 15% 14% 14% 16% 18% 6% 28% 28% 26% 25% 23% 22% 18% 17% 16% 31% 37% 34% 35% 3
Slide 6: Portfolio
Portfolio — 7 = ie %
Slide 7: Largest Holdings by NAV
Largest Holdings by NAV NAV as at % in NAV Majority 29 October 2021 as at Portfolio Company Status Shareholder % Stake1 (USD mn) 29 October 2021 Hidroelectrica Unlisted Romanian State 19.9% 1,703.2 58.5% OMV Petrom Listed OMV 7.0% 460.1 15.8% Engie Romania Unlisted Engie 12.0% 142.2 4.9% Bucharest A
Slide 8: Top Portfolio Holdings – 9mo Net profits
Top Portfolio Holdings – 9mo Net profits Net Profit (RON mn) Top Holdings 9mo 2020 9mo 2021 % change Hidroelectrica 1,264.2 2,566.8 103.0% OMV Petrom 826.3 1,676.0 102.8% Bucharest Airports (49.6) 35.3 171.2% Constanta Port 124.3 144.0 15.8% Alro 273.4 (24.7) (109.0)% Total 2,438.6 4,397.4 80.3% Sou
Slide 9: Hidroelectrica – Update
Hidroelectrica – Update 9mo 2021 results: Dividends paid in (RON mn) • According to the management, in the first 9 months of 2021 the 646 675 1,691 1,821 2,799 2,003 2,290 company’s performance was as follows compared to the similar period of 2020: – Turnover of RON 4,688.3 mn, up 70%, – EBITDA of R
Slide 10: Bucharest Airports – Update (I)
Bucharest Airports – Update (I) Financials 2016 2017 2018 2019 2020 9mo 2020 9mo 2021 % y.o.y. Operating revenues (RON mn) 754.7 890.9 992.6 1,066.6 405.6 304.3 386.6 27.0% Operating result (RON mn) 263.6 337.6 445.9 399.0 (178.0) (57.5) 37.5 165.2% Net Income/Loss (RON mn) 224.7 290.7 371.8 359.6 (
Slide 11: Bucharest Airports – Update (II)
Bucharest Airports – Update (II) Baneasa Airport share capital increase • During the October 2021 GSM, the Ministry of Transport voted in favor of a share capital increase with the land inside the Baneasa Airport, brought as Romanian state’s contribution in kind to the company's capital. This was th
Slide 12: Constanta Ports – Update
Constanta Ports – Update 9mo 9mo Financials 2016 2017 2018 2019 2020 2020 2021 % y.o.y. Operating revenues (RON mn) 314.0 330.5 345.2 369.0 398.8 257.8 311.8 20.9% Operating result (RON mn) 54.8 93.8 95.8 117.0 145.9 133.5 156.3 17.1% Net Income (RON mn) 36.8 79.7 75.7 108.2 130.3 124.3 144.0 15.8%
Slide 13: Corporate Actions
Corporate Actions FONDUL @. FRANKLIN -° TEMPLETON
Slide 14: Distributions to Shareholders
Distributions to Shareholders Annual Distributions to Shareholders (RON mn) 1,124.3 552.7 507.7 1,499.0 1,778.5 923.6 1,190.8 1,743.7 1,870.6 1,081.3 1,483.0 1,511.4 25.4% 29% 2,000 18.3% 21.9% 17.5% 18.3% 23% 1,500 583.1 600.0 832.5 15.5% 319.3 1,121.5 14.8% 17% 10.5% 236.6 812.6 1,000 484.4 181.5
Slide 15: 15 December 2021 GSM Agenda – Main Points (I)
15 December 2021 GSM Agenda – Main Points (I) Only the persons registered as shareholders of Fondul Proprietatea on 26 November 2021 (the Reference Date) in the register of shareholders kept by Depozitarul Central S.A. have the right to participate and vote at the GSM that will take place starting 1
Slide 16: 15 December 2021 GSM Agenda – Main Points (II)
15 December 2021 GSM Agenda – Main Points (II) The approval of: 27 January 2022 as the Ex – Date 28 January 2022 as the Registration Date 18 February 2022 as the Payment Date OGM agenda • The approval of the 2022 budget. • The approval of the terms along with the execution of the Management Agreemen
Slide 17: Disclaimer (I)
Disclaimer (I) This presentation is made solely to the intended recipient and should not be distributed to, or acted upon by, any other person. It is for general information only and reflects the personal views of the presenter. Nothing herein is intended to constitute advice on investment, legal or
Slide 18: Disclaimer (II)
Disclaimer (II) In addition, the list of investor rights can be found in the Constitutive Act, available on the Fund’s website, in the Corporate Governance section, here: https://www.fondulproprietatea.ro/about-fund/fund-overview/corporate-governance. The price of shares and income from them can go
Slide 19: Thank You
Fondul Proprietatea Premium Point Buzesti Street 76-80, 1st District Bucharest 011017 www.fondulproprietatea.ro Thank You
Fondul Proprietatea — Shareholder Meeting (December 2021) on 6ix