S.C. Fondul Proprietatea SA · BVB:FP
S.C. Fondul Proprietatea SA — Fondul Proprietatea — Shareholder Meeting (September 2026)
23 slides from S.C. Fondul Proprietatea SA's shareholder meeting presentation, Sep 29, 2026
Slide 1: Fondul Proprietatea – General Shareholders Meeting
Fondul Proprietatea – General Shareholders Meeting 29 September 2026
Slide 2: Fund Information
Fund Information Is FONDUL ey FRANKLIN » TEMPLETON eel
Slide 3: Key Facts
Key Facts FP Adjusted Share Price (RON) vs. Fund Details Discount / Premium (%) 31 August 2026 NAV RON USD 0.80 6% Total NAV 2.69 bn 0.59 bn 0.70 -4% NAV/Share 0.9129 0.2014 0.60 -14% Key trading figures as at 28 September 2026 0.50 -24% Price/Share 0.5920 0.1276 0.40 -34% 0.30 Market Capitalization
Slide 4: Shareholder structure
Shareholder structure Evolution (% Held)1 10% 2% 2% 10% 10% 3% 8% 3% 18% 6% 12% 3% 9% 10% 8% 8% 8% 8% 8% 37% 6% 6% 6% 4% 3% 3% 3% 4% 3% 5% 7% 6% 6% 14% 10% 6% 3% 3% 5% 6% 10% 9% 2% 20% 15% 11% 13% 9% 6% 22% 17% 12% 2% 16% 43% 25% 13% 18% 3% 16% 23% 30% 54% 3% 14% 21% 22% 55% 53% 37% 30% 28% 22% 34%
Slide 5: NAV, Share price and GDR Performance
NAV, Share price and GDR Performance Cumulative Performance1 Since Performance 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 YTD2 Inception2 NAV/ share (0.5)% 8.9% 13.3% 1.4% (0.6)% 7.3% 13.1% 19.9% 31.2% 2.2% 47.8% 19.1% (2.4)% 17.0% 22.4% 14.9% 583.6% (RON) Share Price
Slide 6: Portfolio
Portfolio — 7 = ie %
Slide 7: Portfolio Structure
Portfolio Structure Listed vs Unlisted By Sector (% of NAV as at 31 August 2026)1 (% of NAV as at 31 August 2026)1 2.7% 9.1% 9.1% 4.4% 3.9% 8.8% 75.6% 86.5% Unlisted Listed Net Cash & Receivables Infrastructure Others Salt Mining Net Cash & Receivables Aluminium • As at 31 August 2026, the portfolio
Slide 8: Largest Holdings by NAV
Largest Holdings by NAV NAV as at % in NAV Majority % FP 31 August 2026 as at Portfolio Company Status Shareholder Stake1 (RON mn) 31 August 2026 Bucharest Airports Unlisted Romanian State 20.0% 1,597.6 59.3% Constanta Port Unlisted Romanian State 20.0% 405.9 15.1% Salrom Unlisted Romanian State 49.
Slide 9: Largest Holdings by NAV – Net result evolution
Largest Holdings by NAV – Net result evolution Net Profit (RON mn) Top Holdings1 2021 2022 2023 2024 2025 Bucharest Airports 34.0 304.0 453.3 608.8 789.7 Constanta Port 130.5 114.5 195.4 256.3 118.2 Salrom 60.2 120.7 130.6 111.3 66.9 Alro SA 26.3 409.5 (561.7) 10.3 (47.0) Zirom SA (8.2) 1.5 0.6 0.9
Slide 10: Bucharest Airports – Update
Bucharest Airports – Update Financial % H1 H1 % Budget Budget % performance 2019 2020 2021 2022 2023 2024 2025 y.o.y. 2025 2026 y.o.y. 2025 2026 y.o.y. Operating revenues 1,066.6 405.6 578.0 999.1 1,206.8 1,434.2 1,682.9 17.3% 764.8 815.0 6.6% 1,558.4 1,857.6 19.2% (RON mn) Operating result (RON 399
Slide 11: Constanta Port – Update
Constanta Port – Update Financial % H1 H1 % Budget Budget % performance 2019 2020 2021 2022 2023 2024 2025 y.o.y. 2025 2026 y.o.y. 2025 2026 y.o.y. Operating revenues 369.0 398.8 418.9 510.4 571.2 522.0 504.6 (3.3)% 238.8 261.6 9.5% 491.6 530.5 7.9% (RON mn) Operating profit (RON 117.0 145.9 140.6 1
Slide 12: Salrom – Update
Salrom – Update Financial H1 H1 Budget Budget 2019 2020 2021 2022 2023 2024 2025 % y.o.y. % y.o.y. % y.o.y. performance 2025 2026 2025 2026 Operating revenues 469.2 300.2 374.5 495.3 517.1 486.7 500.0 2.7% 236.2 257.8 9.1% 508.3 454.4 (10.6)% (RON mn) Operating profit 84.6 15.8 70.1 134.4 140.8 119.
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 1,519.9 1,931.5 11,266.8 428.8 281.0 135.6 5,500 220.00% 5,000 159.8% 170.00% 4,500 4,000 1,547.0 120.00% 3,500 3,000 269.7 70.00% 2,500 25.4%
Slide 15: Cash distributions to shareholders
Cash distributions to shareholders Gross Cash distribution Net Cash distribution Distribution Financial year Paid in (RON/share) (RON/share) Dividend 2008-2009 (aggregate) 2010 0.08160 0.06854 Dividend 2010 2011 0.03141 0.02638 Dividend 2011 2012 0.03854 0.03237 Dividend 2012 2013 0.04089 0.03435 Re
Slide 16: Buy-back programs
Buy – back programs No. of shares (to be) repurchased / % of Average share the Fund’s issued price Cancellation Program Period Status share capital (RON / share) Broker of shares Auerbach Ongoing - Approved by shareholders 16th FY 2025 Finalized 0.25 bn / 7.88% 0.46761 Grayson, during the 23 July 20
Slide 17: Annual dividend income – Largest Holdings by NAV
Annual dividend income – Largest Holdings by NAV Regular net dividends received by FP from the Dividend Payout (%) net profit of its portfolio companies for the referenced FY (RON mn) 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Top Holdings1 Bucharest Airports 0 51.8 88.7 84.6 73.6 0.0 31.5 80
Slide 18: Total dividend income from portfolio companies
Total dividend income from portfolio companies FP Net Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 20265 Total Dividends from Listed Companies 162.5 232.1 223.0 200.2 117.0 127.7 0.9 0.5 0.2 0.2 (RON mn) Total Dividends from Unlisted Companies 575.3 533.9 710.0 1,007.9 532.0 800.5 954.9 145
Slide 19: 2026 Financial calendar
2026 Financial calendar • Auerbach Grayson 2026 Emerging & Frontier Markets Virtual Investor Conference 29 / 30 September 19 – 23 October 13 November 13 / 16 November • Publication of the • General Q3 2026 Results Shareholders Meeting • Q3 2026 Results Conference Call More information about the Inve
Slide 20: Disclaimer (I)
Disclaimer (I) This presentation is for general information only and reflects the personal views of the presenter. Nothing herein is intended to constitute advice on investment, legal or tax matters, any form of personal recommendation nor it should be construed as, constituting or forming part of,
Slide 21: Disclaimer (II)
Disclaimer (II) No information hereof is to be considered, under any circumstances, as an information provided in accordance with Article 23 of the AIFMD as such was transposed by Article 22 of Law no. 74/2015 on managers of alternative investment funds. In addition, the list of investor rights can
Slide 22: Thank You
Fondul Proprietatea Premium Point Buzesti Street 76-80, 1st District Bucharest 011017 www.fondulproprietatea.ro Thank You
Slide 23: Questions & Answers
Questions & Answers
Fondul Proprietatea — Shareholder Meeting (September 2026) on 6ix