Lion Capital S.a. · BVB:LION
Lion Capital — Q1 2024 Earnings Presentation
20 slides from Lion Capital's earnings presentation, 2024
Slide 1: Presentation of Financial Results 1Q 2024
— PRESENTATION OF FINANCIAL RESULTS 1Q 2024 — This presentation made available on Lion Capital’s 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 recommendation t
Slide 2: General Information
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 General Information CORPORATE Lion Capital S.A. (the new corporate name starting March 24, 2023, of SIF Banat-Crișana) NAME COMPANY TYPE ▪ joint stock company, Romanian legal entity ▪ established as a self-managed investment company, authorized by the Financ
Slide 3: General Information
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 General Information REGISTRATIONS ▪ Number in Trade Register J02/1898/1992 ▪ 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 ▪ Legal Entity I
Slide 4: General Information
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 General Information 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 FIG 507,510,056 BBG000BMN388 NOMINAL VALUE/SHA
Slide 5: Shareholders' Structure
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 Shareholders’ Structure as per holdings, as of March 31, 2024 ■ 45.32% Romanian legal entities ■ 39.10% (108 shareholders) Romanian individuals 5,737,006 (5,734,735 shareholders) ■ 14.29% non-resident legal entities shareholders ■ 1.29% (17 shareholders) non
Slide 6: Lion Capital's investment strategy
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 Lion Capital’s investment strategy on long turn aims to maximize the performance of the portfolio to increase the value of the assets under management and the investment income The financial objective is to make use of an aggregate return of the portfolio ge
Slide 7: Financial Performance and Financial Position
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 FINANCIAL PERFORMANCE [RONm] 31.03.2023 31.12.2023 31.03.2024 Income 3.04 166.28 18.78 Gain / (Loss) on investment 33.98 296.85 (0.41) Expenses 4.88 27.53 6.02 Gross profit / (Loss) 32.14 435.58 12.35 Net profit / (Loss) 32.14 417.26 11.34 FINANCIAL POSITION
Slide 8: Stock and Net Asset Performance
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 STOCK AND NET ASSET PERFORMANCE 31.12.2023 31.03.2024 Share Price (end of period, RON) 2.5800 2.9400 NAV* / Share (RON) 8.0847 8.4361 Accounting Net Asset / Share (RON) 8.0794 8.4477 Nominal Value of Share (RON) 0.1 0.1 Issued Shares 507,510,056 507,510,056
Slide 9: Net Asset Value March 2023 – March 2024
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 NET ASSET VALUE March 2023 – March 2024 4,281 4,134 4,177 4,095 4,000 3,811 3,841 3,872 3,607 3,654 3,600 3,456 RON milion (RONm) 3,304 3,382 3,386 3,200 2,800 2,400 2,000 Mar.'23 Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.'24 RON 4,281.42m n
Slide 10: Assets Under Management
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 ASSETS UNDER MANAGEMENT breakdown on classes (weight on total assets) 2% ■ listed shares ■ bank deposits + cash available 10% 1% 70% value RON 3,146.04m value RON 462.35m 10% (31.12.2023: RON 2,944.09m) (31.12.2023: RON 408.81m) 0% 1% 68% ■ unlisted shares ■
Slide 11: Stock Portfolio by Sector
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 STOCK PORTFOLIO breakdown by sector 5% 4% ■ banking - financial ■ cardboard and paper 5% 6% 5% stakes in 11 companies, worth RON 1,743.90m stakes in 4 companies, worth RON 207.41m (31.12.2023: 13 companies, worth RON 1,561.27m) (31.12.2023: 4 companies, wort
Slide 12: Stock Portfolio by Stake Held and Liquidity
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 STOCK PORTFOLIO STOCK PORTFOLIO breakdown by stake held breakdown on liquidity ■ up to 5% March 31, 2 02 stakes in 23 companies 12% 88% em 4 Dec ber 31 , worth RON 1,641.12m (31.12.2023: RON 1,418.06m) 14% 86% ■ listed companies ■ 5-33% RON 3,146.04m (31.12.
Slide 13: Top 10 Companies in Portfolio as of March 31, 2024
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 TOP 10 COMPANIES IN PORTFOLIO as of March 31, 2024 % of Company (symbol) Activity Stake held Value of stake (RON)* NAV 1. Banca Transilvania (TLV) banking-financial 4.78% 1,062,103,266 24.81% 2. SIF Imobiliare Plc (SIFI) real estate 99.99% 429,656,276 10.04%
Slide 14: LION Price and Volume in 2024
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 LION PRICE AND VOLUME IN 2024 596,495 RON 2.9900 600,000 3.0000 RON 2.9700 RON 2.6100 RON 2.6000 RON 2.5500 500,000 RON 2.9400 400,000 price LION (RON) 2.0000 volume 300,000 LION 200,000 1.0000 112,268 111,058 83,321 90,361 100,000 64,054 50,606 53,982 44,37
Slide 15: LION vs. BET-FI Index in 2024
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 LION vs. BET-FI INDEX IN 2024 LION (RON) BET-FI (points) 3.1500 RON 2.9900 RON 2.9400 61,000 2.9500 RON 2.6300 RON 2.6400 RON 2.6100 RON 2.6300 2.7500 60,771.35 RON 2.5500 59,000 2.5500 59,822.83 59,775.12 59,276.07 2.3500 58,538.70 57,000 2.1500 57,579.78 5
Slide 16: Separate Statement of Financial Position
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 Separate statement of financial position (extract from separate financial statements) [all amounts in RON] 31.12.2023 31.03.2024 Cash and cash equivalents 408,814,516 462,348,161 Financial assets at fair value through profit and loss (FVTPL) 1,900,476,975 1,
Slide 17: Standalone Statement of Profit and Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 Standalone statement of profit and loss and other comprehensive income (extract from standalone financial statements) [all amounts in RON] 31.03.2023 31.03.2024 INCOME Dividend income - 12,561,658 Interest income 2,963,194 5,756,962 Other operating revenues
Slide 18: Main Lines of Action in 2024
PRESENTATION OF FINANCIAL RESULTS 1Q 2024 Main lines of action in 2024 ▪ calibration of the portfolio on financial assets / instruments that benefit from an inflationary context ▪ portfolio restructuring by liquidating assets that do not fit the Fund’s investment strategy ▪ consolidation of strategi
Slide 19: Financial Calendar 2024
FINANCIAL CALENDAR 2024 February 29, 2024 Preliminary annual financial results as of December 31, 2023 April 29, 2024 OGM for the approval of the separate and the consolidated financial statements for 2023 FY April 29, 2024 Annual report and the standalone and the consolidated financial statements f
Slide 20: 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