Transilvania Investments Alliance S.a. · BVB:TRANSI
Transilvania Investments Alliance — S.I.F. Transilvania — H1 2020 Earnings Presentation
32 slides from Transilvania Investments Alliance's earnings presentation, Aug 18, 2020
Slide 1: H1 2020 Financial Results Presentation
CONFERERENCE CALL FOR INVESTORS AND ANALYSTS 18 AUGUST 2020 H1 2020 Financial Results Presentation
Slide 2: Presentation Structure
Presentation Structure Key information about the Company Half-Year Financial Results (June 2020) S.I.F. Transilvania portfolio S.I.F. Transilvania holdings in Tourism Sector Q&A
Slide 3: Key Information
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Slide 4: About the Company
About the Company 14% Dividend and dividend yield 13% SIF3 shares trading discount S.I.F. Transilvania is an Alternative 0.6 50% Investment Fund Manager (A.I.F.M.), 12% authorized by the F.S.A. in accordance 10% 0.5 40% with the provisions of Law no. 74/2015 10% on alternative investment fund manage
Slide 5: Executive Management
Executive Management Through the Authorizations no. 77 and 78 of 15.05.2020, the Financial Supervisory Authority authorized the changes in the composition of S.I.F. Transilvania’s management as a result of the appointment of Mr Marius Adrian Moldovan and Mr Tony-Cristian Răduță-Gib as members of the
Slide 6: Strategies and Investment Objectives
Strategies and Investment Objectives - Main short and medium term objectives comply with the Strategic Guidelines for 2017 - 2021 Remuneration and Consolidation of Portfolio Management Investment/ Capital Invested Divestment Activity Shareholders remuneration by implementing a mix Acceleration and c
Slide 7: SIF3 Share Price Performance
SIF3 Share Price Performance Minimum price RON 0.2850 / share Average price RON 0.3842 /share During the first half of 2020, SIF3 shares Maximum price RON 0.4550 / share recorded a negative trend, materialized at the Traded volume 227.1 mil. shares end of the period in a closing price lower than No.
Slide 8: SIF3 share price performance vs. BET-FI
SIF3 share price performance vs. BET - FI Sursa: Bloomberg By reference to the BET-FI sector index, for the most part, during H1 2020, SIF3 shares have had a correlated evolution, materialized at the end of the reference period in a slight decline.
Slide 9: H1 2020 Financial Results
H1 2020 FINANCIAL RESULTS
Slide 10: Statement of Financial Position
Statement of Financial Position RON million H 1 2020 31.12.2019 Cash and cash equivalents 35.88 57.72 Financial assets measured at fair value through profit or loss 602.46 622.78 Financial assets measured at fair value through other comprehensive income 505.03 640.34 Bonds measured at fair value thr
Slide 11: Statement of Profit or Loss and Other Comprehensive Income
Statement of Profit or Loss and Other Comprehensive Income RON million H 1 2020 H1 2019 Dividend income 16.62 60.85 Interest income 0.33 0.70 Net gain/loss on financial assets measured at fair value through profit or loss -48.21 53.26 Other operating income 0.28 7.16 Total net income -30.99 121.97 P
Slide 12: Accounting Principles applied by the Company
Accounting Principles applied by the Company The Company’s financial statements have been prepared in accordance with the International Financial Reporting Standards, as adopted by the European Union (“IFRS”) and in accordance with Rule no. 39 of 28 December 2015 on the approval of the Accounting Re
Slide 13: S.I.F. Transilvania Portfolio
S.I.F. Transilvania Portfolio
Slide 14: Number of Companies in Portfolio as at 30 June 2020
Number of Companies in Portfolio as at 30 June 2020 * 99 97 97 55 57 57 44 40 40 30-Jun-19 31-Dec-19 30-Jun-20 Listed shares Unlisted shares * Total * including shares pending sale
Slide 15: Portfolio Structure – Fair Values as at 30 June 2020
Portfolio Structure – Fair Values as at 30 June 2020 Structure of financial instruments Structure of shares sub-portfolio portfolio Unlisted shares 6% Holdings < 5% 49% Listed shares Fund units Holdings between 91% 3% 5% - 33% 5% Majority holdings Construction 41% Other sectors 1.04% 3.27% Holdings
Slide 16: Performance of financial instruments portfolio - June 2020
Performance of financial instruments portfolio - 30 June 2020 Breakdown by financial instruments 161.8 3.7 0.0 Breakdown by sectors 4.3 mRON 0.4 26.2 1,265 109.0 0.2 1,100 1.7 0.6 0.1 43.5 18.2 mRON 1,265 ,1,100 dec.-19 shares corporate bonds fund units iun.-20 dec.-19 INDUSTRY TOURISM AGRICULTURE O
Slide 17: Performance of shares sub-portfolio - June 2020
Performance of shares sub-portfolio - 30 June 2020 Breakdown by sectors 4.3 0.4 26.2 Top 5 positive performance vs. Top 5 negative performance 105.4 0.2 1.7 8.1 13.0 0.6 0.1 15.7 43.5 21.5 18.3 3.9 3.4 1.0 0.6 18.7 mRON 1,228 97.1 1,066 34.0 mRON 1,228 1,228.3 1,247.0 1,250.9 1,254.3 1,255.2 1,247.8
Slide 18: Top 10 Holdings – according to IFRS fair values as at 30 June 2020
Top 10 Holdings – according to IFRS fair values as at 30 June 2020 Fair value Company name Sector Majority shareholder Status (RON million) BRD - GROUPE SOCIETE GENERALE 1 FINANCIAL GROUPE SOCIETE GENERALE BSE listed 264.8 BUCUREȘTI 2 TURISM FELIX TOURISM S.I.F. TRANSILVANIA BSE listed 100.3 3 OMV P
Slide 19: Net asset value vs. Market capitalization – June 2020
Market values– Net asset value vs. Market capitalization – June 2020 24% 67 1,025 781 739 1 *mRON 2 3 Market Cap Top 10 Cash & Eq & FUs NAV
Slide 20: Disclaimer
Disclaimer This presentation has been prepared solely for your information and is subject to update, completion, revision and amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in the presentation and these mate
Slide 21: wy ‘Hes —=/
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Slide 22: SIF Transilvania Holdings in Tourism Sector
SIF Transilvania Holdings in Tourism Sector
Slide 23: S.I.F. Transilvania tourism holdings structure
TURISM LOTUS FELIX Unlisted SIF3– 38.27% T.H.R. MAREA Turism Felix –30.33% TURISM FELIX NEAGRĂ Others – 31.40% Listed Listed SIF3– 63.20% SIF3– 77.71% HOTEL Others – 36.80% CENTRAL Others – 22.29% PLOIEȘTI TURISM COVASNA FEPER SA S.I.F. BUCUREȘTI Listed SIF3– 93.33% Transilvania Listed Others – 6.67
Slide 24: Turism Felix
Turism Felix S.I.F. Transilvania holds 63.2%, worth RON 100.3 million, representing 9.8% of NAV at the end of H1 2020. • The Company operates five hotels in Băile Felix Resort; • The hotels are equipped with high-performance treatment and recovery facilities; • International Hotel was awarded the EU
Slide 25: Turism Lotus Felix
Turism Lotus Felix S.I.F. Transilvania holds 38.27% , worth RON 16.5 million, representing 1.6% of NAV at the end of H1 2020. • It is the only five-star spa complex in Romania, it was opened in October 2015 and is located in Băile Felix, near Oradea; • With a capacity of 180 rooms and apartments, th
Slide 26: Turism, Hoteluri, Restaurante Marea Neagră
Turism, Hoteluri, Restaurante Marea Neagră S.I.F. Transilvania holds 77.7% , worth RON 45.9 million, representing 4.5% of NAV at the end of H1 2020. • T.H.R. Marea Neagră is a joint stock company resulting from the merger by absorption between Eforie SA and four tourism companies on the Romanian sea
Slide 27: Aro Palace
Aro Palace S.I.F. Transilvania holds 85.7%, worth RON 36.6 million, representing 3.6% of NAV at the end of H1 2020. • The Company owns five hotels with an overall capacity of over 1,300 places, 4 restaurants and various event rooms, most of them being located in downtown area of Brasov City; • The 5
Slide 28: Turism Covasna
Turism Covasna S.I.F. Transilvania holds 93.3%, worth RON 33.1 million, representing 3.2% of NAV at the end of H1 2020. • Turism Covasna S.A. owns 3 hotels (over 770 beds) - Hotel Caprioara 4*, Hotel Covasna 3* and Hotel Cerbul 3*; • The company owns 3 restaurants: two 4* restaurants - Transilvania
Slide 29: Tușnad
Tușnad S.I.F. Transilvania holds 76.4%, worth RON16.9 million, representing 1.7% of NAV at the end of H1 2020. • The Company operates two hotels in Băile Tuşnad resort which is renowned for its curative mineral waters; • O3Zone Hotel Complex has 117 rooms, one restaurant with 120 seats, two bars wit
Slide 30: Tratament Balnear Buziaș
Tratament Balnear Buziaș S.I.F. Transilvania holds 91.8%, worth RON 9.1 million, representing 0.9% of NAV at the end of H1 2020. • Hotel Phoenix **** has a privileged position, in a greenery surrounded area, in the northern of Buziaș town; it offers advantages to guests travelling for business, to t
Slide 31: Hotel Orizont Predeal
Hotel Orizont Predeal Subsidiary of Feper S.A. - a company in S.I.F. Transilvania’s portfolio • The 4-star Hotel Orizont is located in the Predeal mountain resort and it was fully renovated in 2010; • The spa & wellness centre includes an indoor pool, a special area for jacuzzi, fitness room and a s
Slide 32: Hotel Central Ploiești
Hotel Central Ploiești Subsidiary of Feper S.A. - a company in S.I.F. Transilvania’s portfolio • the Central Complex, which includes a hotel, restaurants, event rooms, a relaxation center, is located in Ploieşti city; • the hotel has 166 rooms (of which 108 4-star rooms and 58 3-star rooms); • the r