KORADO-BULGARIA AD KORADO BULGARIA financial results 2018 - - PowerPoint PPT Presentation

KORADO-BULGARIA AD

KORADO BULGARIA financial results – 2018 STRATEGIC OBJECTIVES – 2019 MARKET AND INDUSTRY TRENDS DIVIDEND POLICY AND PERFORMANCE ON BSE INVITATION TO THE GENERAL ASSEMBLY

Sofia, March 28th, 2019

Audited Financial Statement 2018

2018 compared to 2017

PROFIT TURNOVER

3.3% 10%

Profit BGN’000:

2014 - 1,321 2015 - 1,932 2016 - 2,927 2017 - 4,778

2018 - 5,254

TOTAL SALES (pieces)

Last 5 years highlights

§ Secondary public

• ffering of shares

§ Opening of second modern line for panel radiators § Dividend per share 0,12 BGN

2015 2016 2014 2017

§ Launching new tubular radiators production line § Energy efficiency program § Dividend per share 0,26 BGN § Successful capital increase by BGN 7,1 mln § Dividend per share 0,18 BGN § Joining the Premium market § Capital increase by 4 389 ths BGN (2:1) to 13 169 ths shares § Newly acquired premises (production hall, land) § Dividend per share 0,26 BGN

2018

§ 6M dividends paid for the very first time – BGN 1,3 mln § The best results in company’s history – profit growth and turnover

STRATEGIC OBJECTIVES – 2019

§ Reopening Russian market § Maintain and increase of production capacity; § Preserving the share of trade in heating units on the Bulgarian market; § Maintaining the volume of sales at least at the level achieved in 2018 in the territories in which KORADO-Bulgaria AD recently conducts its sales (Romania, France, Hungary, Ukraine, and Bosnia and Herzegovina); § Full utilization of all benefits of the memberships in KORADO Group

RECONSTRUCTION OF THE ACQUIRED (2017) PRODUCTION HALL NEW PAINTSHOP POTENTIAL INTRODUCTION OF NEW PRODUCTION

INVESTMENTS

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2018 in the light of the last 5-year period

Еarnings per share (BGN)

KBG Share price development versus SOFIX

High quality and wide range of heating, cooling and ventilation products

Česká Třebová, CZ Liberec, CZ Strazhitsa, BG Cesky Dub, CZ

§ Modern and individual design § High efficiency § Progressive technology and flexible connection to the heating system § Extensive range of available types, sizes and colours

Wide assortment

SAXO BANK HEADQUARTERS (Kopenhagen, Denmark) SKY TOWER (Wroclaw, Poland) EUROVEA OFFICES (Bratislava, Slovakia) WATERFRONT OFFICE BUILDING (Stockholm, Sweden)

Reference

The preparation for the changes in EU from 2020

Starting from 2020 the guideline EPBD will become valid for all new buildings in EU. This guideline stipulates that all new buildings shall have almost zero energy consumption. The energy performance of such a building should be mostly covered by energy gained from renewable sources.

The KORADO Group will be ready for the change of customer’s demands thanks to new energy saving appliances.

Cooperation with UCEEB

§ Apart from our own research and development we co-operate with leading experts within our industry. § Specifically with the research institute UCEEB ČVUT in Prague (University Centre of Energy Efficient B u i l d i n g s ) w e h a v e s t a r t e d development of unique local ventilation units.

New

Steel panel radiator VKM8

New

KORATHERM AQUAPANEL

§ New design radiator KORATHERM AQUAPANEL § Design version for bathroom § Available in types 10 and 20

§ This represents an enhancement of KORADO solutions for end consumers

Central heat recovery units

New

We presented all our news on the biggest European exhibition of heating and ventilation

Invitation for a General Assembly Meeting

15.05.2019, Strajica city

• 1. Annual financial statements and Management report for 2018
• 2. Statutory auditor’s report and report of the Independent audit

committee (IAC)

• 3. Remuneration report – Board of Directors (BD) and Supervisory

Board (SB)

• 4. Report of Director for relation with investors
• 5. Profit distribution for 2018
• Net profit for 2018: 5 254 000 BGN
• Payment of dividends:

1st 6 months - 1 317 000 BGN – 0.1 BGN per share 2nd 6 months – 2 502 000 BGN – 0.19 BGN per share 0.29 BGN per share in total

• Return: 10.5 % of subscription price
• 7. Оther points as per the invitation