Burgenland Holding AG

Earnings Release • Feb 7, 2019

Interim Financial Report Q1 2018/19 1 October 2018 – 31 December 2018

Energising Burgenland Burgenland Holding AG

Burgenland Holding AG holds 49% of the share capital of Energie Burgenland AG. The remaining 51% of the shares are held by Landesholding Burgenland GmbH. The share capital of Energie Burgenland AG amounts to EUR 34.9m.

The shares of Burgenland Holding AG (share capital: EUR 21.8m) are listed on the Official Market of the Vienna Stock Exchange under AT0000640552. EVN AG is the majority shareholder in Burgenland Holding AG and holds an unchanged stake of 73.63% of the share capital, with VERBUND AG holding more than 10% and WIEN ENERGIE GmbH holding between 5% and 10%. All other shareholders hold less than the mandatory reportable threshold of 4%.

The shares of Burgenland Holding AG

In the first quarter of 2018/19 (1 October to 31 December 2018) the Dow Jones Euro Stoxx Utilities industry index, relevant for Burgenland Holding AG, increased by 2.8%, while the leading Austrian stock index ATX lost 17.9%.

In the reporting period the share price of Burgenland Holding AG closed at EUR 73.00, thus 7.6% below the corresponding period last year. This corresponded to a market capitalisation of EUR 219m. Daily trading volume averaged 18 shares during the reporting period, and the weighting of the share in Vienna's WBI index as of 31 December 2018 equalled 0.22%.

Stock performance		2018/19 Q1	2017/18 Q1
Average daily volume	Number	18	47
Total share volume	EURm	0.09	0.20
Highest price	EUR	85.00	75.00
Lowest price	EUR	73.00	68.00
Share price at the end of December	EUR	73.00	68.00
Market capitalisation at the end of December	EURm	219	204
WBI weighting at the end of December	%	0.22	0.16

Burgenland Holding AG Q1 2018/19

Highlights

• Proposal to the Annual General Meeting: dividend of EUR 3.15 per share
• Outlook 2018/19: Investment income is expected to be slightly above the 2017/18 financial year

Burgenland Holding AG – Key figures		2018/19 Q1	2017/18	Change in %
Balance sheet total	EURm	79.7	79.81)	–0.1
Equity	EURm	79.7	79.81)	–0.1
Investment income	EURm	0.0	0.02)	–
Net income for the period	TEUR	–41.0	–59.02)	30.5

1) As of 30 September 2018

2) Q1 2017/18

Income situation

Income from the associated company Energie Burgenland AG does not accrue to Burgenland Holding AG until the second quarter of each business year. Thus, no investment income was recorded in the reporting period.

In the first quarter of 2018/19 the net income for the period of Burgenland Holding AG amounted to TEUR –41.0 and was higher than the prior year level. This increase was mainly attributable to lower other operating expenses compared to the previous year. In contrast, lower interest income had a negative effect.

Balance sheet and capital structure

As of 31 December 2018, the balance sheet total amounted to EUR 79.7m and was almost at the same level as of the balance sheet date of 30 September 2018. The equity ratio stood at 99.98% as of the balance sheet date of 31 December 2018.

Outlook

The Management Board will recommend to the 30th Annual General Meeting convening on 15 March 2019 the distribution of a dividend of EUR 3.15 per share for the 2017/18 financial year (previous year: EUR 3.45 per share). This corresponds to a dividend payment of EUR 9.45m.

Based on the forecasted profits of the associated company Energie Burgenland AG for 2017/18, investment income for the 2018/19 financial year of Burgenland Holding AG is expected to be slightly above the preceding year's level.

Burgenland Holding AG

Corporate calendar 2018/191)

Record date Annual General Meeting	05.03.2019
Annual General Meeting	15.03.2019
Ex-dividend day	21.03.2019
Record-date	22.03.2019
Dividend payment	28.03.2019
Results HY1 2018/19	29.05.2019
Results Q1–3 2018/19	08.08.2019
Annual results 2018/19	12.12.2019

1) Preliminary

Basic information

Share capital	EUR 21.81m
Denomination	3.0 million no-par bearer shares
Majority shareholder	EVN AG
Identification number (ISIN)	AT0000640552
Ticker symbols	BHAV.VI (Reuters); BURG AV (Bloomberg); AT; BHD (Dow Jones)
Stock exchange listing	Vienna

Imprint

Burgenland Holding AG

Technologiezentrum Marktstraße 3 A-7000 Eisenstadt Austria

Investor Relations Doris Lohwasser

Phone: +43 2236 200-12473 Fax: +43 2236 200-2030 investor.relations@buho.at www.buho.at