Slide 1: Preliminary results of Invalda group for 2007
Preliminary results of Invalda group for 2007 29-02-2008, Vilnius
Slide 2: About Invalda AB
About Invalda AB • Invalda AB is the company actively managing its investments: סBy acquiring and restructuring businesses; סBy introducing modern management and financial management methods; סBy receiving income from managed companies and/or exiting businesses and providing high return to
Slide 3: Invalda AB group
Invalda AB group a oe | Finance / Production \ | and \ services On [ INvALDA \ } | GROUP | / Hotel \ , f = manage- Pharmacy \ ment } “\ / Roads \ [ Furniture | construc- \ production / tion 2 f
Slide 4: Important events of 2007 (1)
Important events of 2007 (1) Company’s: • In spring 2007 General Meeting of shareholders adopted decision to allot 11,25 mLTL dividends. • On 16-08-2007 revised forecast of Invalda group for the year 2007 was confirmed. Consolidated net profit was increased from 76.97 mLTL to 83.5 mLTL and the part
Slide 5: Important events of 2007 (2)
Important events of 2007 (2) Group’s: Financial sector: • In 2007 Finasta Investiciju Valdymas UAB established 5 investment funds - Finasta Infrastructure fund, Finasta Future fund, Finasta Infinity fund, Finasta Vitality fund and Finasta Integrity fund. • In July 2007 Finasta, operating in Ukraine,
Slide 6: Important events of 2007 (3)
Important events of 2007 (3) Real estate sector: • Completed projects: • Block of flats with commercial premises in Vytauto av. 3, Kaunas (78 flats and 1045 sq.m of commercial premises); • Settlement with 26 holiday residences in Zemaites str. 2, Trakai; • Complex of residential houses Ziedondarza M
Slide 7: Important events of 2007 (4)
Important events of 2007 (4) Pharmacy sector: • Reorganization of Sanitas AB subsidiary companies Jelfa S.A. and Sanitas Polska spol. z.o.o. was finished (Sanitas Polska spol. z.o.o. was merged to Jelfa S.A.). Subordinated loan for Jelfa S.A. was converted to Jelfa’s S.A. owned shares, which were tr
Slide 8: Important events of 2007 (5)
Important events of 2007 (5) Furniture manufacturing sector: • Vilniaus Baldai AB structure and management reformation going to completion, automation of work processes is being continued. Compared to 2006, sales revenue of the company during the 2007 has increased by 37 %, work efficiency increased
Slide 9: Important events of 2007 (6)
Important events of 2007 (6) Roads and bridges construction sector: •Positions were strengthened through organic growth and purposeful acquisitions in Lithuania and Poland. •Largest projects: • IX B Transport corridor’s – road’s Vilnius–Kaunas–Klaipeda reconstruction; • Kaunas railway tunnel reconst
Slide 10: Important events of 2007 (7)
Important events of 2007 (7) Hotel management sector: • Main indicators of the sector were growing constantly – profitability, EBITDA, revenue per room (RevPAR). • Occupancy at the end of 2007 was 66.4 % at the Ecotel Vilnius hotel and 62.8 % at Holiday Inn Vilnius hotel. • At the beginning of 2008
Slide 11: Important events of 2007 (8)
Important events of 2007 (8) Services and manufacturing sector: • 27-06-2007 Positor UAB was established, with the main activity of information technologies services and consultations. In 2007 Positor UAB acquired 100 % shares of Informatikos Pasaulis UAB (official USA concern Hewlett-Packard repres
Slide 12: Profit
Profit 2007 LTL thousand 2006 (audited) Change (unaudited) Net profit (company) 28 816 80 729 180.2% Profit before tax (consolidated) 89 488 95 025 6.2% Consolidated net profit 75 552 82 870 9.7% Part of consolidated net profit, attributable to 65 533 74 237 13.3% equity holders of the parent compan
Slide 13: Items of the balance sheet
Items of the balance sheet Group's 31.12.2006 31.12.2007 LTL thousand Change (audited) (unaudited) Non - current assets 799 061 983 201 23.0% Current assets 138 945 198 048 42.5% Non current assets classified as held for sale - 27 834 - Equity 368 498 300 148 -18.5% Equity attributable to equity hol
Slide 14: Financial ratios
Financial ratios Group Company Ratios 2006 2007 2006 2007 Return on equity (ROE), % 23.01% 23.79% 25.00% 50.52% Debt ratio 0.61 0.75 0.38 0.67 Debt - equity ratio 1.55 3.03 0.61 2.05 Earnings per share (EPS), LTL 1.51 1.67 0.66 1.82 Price Earnings ratio (P/E) 8.26 10.27 18.91 9.42 14
Slide 15: Management of the company
Management of the company Vytautas Bucas, born in 1968. Job experience: Since May 2007 – Invalda AB, Chairman of the Board. Since 2006 – Invalda AB, advisor. 2000 – 2006 SEB Vilniaus Bankas AB, Board member, executive vice president, CFO, Head of IT department. 1992 – 2000 Arthur Andersen, senior au
Slide 16: Shareholders of Invalda AB that own more than 5% of company's shares
Shareholders of Invalda AB that own more than 5% of company’s shares (as of 31-12-2007) Other shareholders 29.6% Vytautas Bucas 21.3% Alvydas and Daiva Baniai 6.7% Algirdas Bucas Darius Sulnis 9.2% 9.6% Lucrum Investicija UAB 17.1% Dailius Juozapas Miseikis 6.5% Number of shareholders, compared to t
Slide 17: Shares information
Shares information ISIN LT0000102279 Name IVL1L Exchange Vilnius stock exchange List Baltic Main List Listing date December 19, 1995 Share capital 42 568 849 LTL (till 28-09-2007 – 45 008 376 LTL) Emission 42 568 849 units (till 28-09-2007 – 45 008 376 units) Nominal value 1 LTL 17
Slide 18: Turnover of Invalda shares, share price and OMXV index benchmark for 2007
Turnover of Invalda shares, share price and OMXV index benchmark for the year 2007 Turnov er, LTL change of OMXV Change of IVL1L 70% 2.200.000 2.000.000 60% 1.800.000 50% 1.600.000 40% 1.400.000 1.200.000 30% 1.000.000 20% 800.000 600.000 10% 400.000 0% 200.000 -10% 0 01.01.2007 01.04.2007 01.07.200
Slide 19: Trading in Invalda shares (1)
Trading in Invalda shares (1) Price, LTL Turnover, LTL Total turnover 2007 Last trading date HI LO Last HI LO Last units LTL 1st Q 14.05 12.00 12.75 1 849 966 22 014 325 859 30.03.2007 1 551 078 20 587 158 2nd Q 16.85 12.65 16.40 1 924 814 0 180 404 29.06.2007 1 384 470 20 085 926 3rd Q 20.29 16.00
Slide 20: Trading in Invalda shares (2)
Trading in Invalda shares (2) 2006 2007 Change Share price, LTL: open 13.85 12.40 -10.5% high 15.00 20.29 35.3% low 8.90 12.00 34.8% last 12.48 17.15 37.4% average 12.07 15.80 30.9% 2006 2007 Change Turnover, units 3 279 888 5 085 097 55% Turnover, LTL 39 596 023 80 362 022 103% Traded volume 8 808
Slide 21: Capitalization in 2007, mLTL
Capitalization in 2007, mLTL 1.000 900 800 700 600 500 900.2 821 837.3* 400 791.8 738.1 733.9 730.1 639.1 660.7 300 617.1 579.3 573.9 200 100 0 31.01.2007 28.02.2007 30.03.2007 27.04.2007 31.05.2007 29.06.2007 31.07.2007 31.08.2007 28.09.2007 31.10.2007 30.11.2007 28.12.2007 * Due to reorganization
Slide 22: Social responsibility
Social responsibility Striving to increase social responsibility, in March 2007 Iniciatyvos Fondas VsI was established. • Company organises various programmes for different groups of society. Programmes are based mostly on raising educational level, which would enable more Dear Mommy, don’t go abroa
Slide 23: Disclaimer
Disclaimer • The reported data carries only informational character. • Given information should not be considered as proposition on buying or selling shares of Invalda and/or its owned companies. • Invalda does not carry responsibility of any third part decisions, made by referring to information gi
Slide 24: THANK YOU!
THANK YOU!