INVL Technology

Quarterly Report • Nov 12, 2014

Key information about INVL Technology, AB for 9 months of 2014¹

About INVL Technology, AB

The public joint-stock company INVL Technology was established on 29 April 2014 on the basis of a part of assets split-off from Invalda LT, AB. Shares of INVL Technology are listed on NASDAQ Vilnius stock exchange since 4 June 2014.

INVL Technology – company investing in IT services and industries. The first investment – 80 percent of shares in BAIP group, UAB, company investing into IT services companies². INVL Technology intends to be strategic-financial investor and, together with the managers of IT companies, to seek the growth of investments value.

At the moment INVL Technology is seeking for opportunities to invest into other IT companies.

INVL Technology, AB later will apply to the Bank of Lithuania for closed-end investment company license and in its essence will become similar to investment fund.Scope of activity of BAIP group, UAB

Ke fin cia l ra tio f I NV L T hn olo AB y an s o ec gy ,
ho nd LT L t usa	30 -09 -20 14
of fin Ch e in th e t lue ial ets ang rue va anc ass	57
Los bef ta s ore x	( 3)
los Net s	( 3)
lue of fin ial Va ets anc ass	17, 004
Oth ets er ass	112
AS SE TS	17 11 6 ,
Equ ity	104 17,
bili Lia ties	12
TO TA L E Q UIT Y A ND LI AB ILI TI ES	17 11 6 ,

Key financial information about BAIP group, UAB, the first investment of INVL Technology, AB, is presented below. INVL Technology holds 80 percent of shares in BAIP group, UAB².

Balance sheet of BAIP group, UAB

illi LT L m on	30 -09 -20 14
No ent set n-c urr as s	15. 8
Cu nt ets rre ass	21 .9
AS SE TS	37 .7
Eq uity	9.3
No lia bi litie ent n-c urr s	1.6
lia bi litie Cu nt rre s	26 .8
TO Q S TA L E UI TY AN D L IA BI LIT IE	37 .7

Key financial ratios of BAIP group, UAB

LT L m illi on	30 -09 -20 13	30 -09 -20 14
Rev en ue	31 .08	40 .3
EB ITD A	2.5	3.0
fit be for Pro e t ax	0.3	1.4
fit Ne t p ro	0.3	1.2
fit rib b le t ity ho lde f t he Pro att uta ent o e qu rs o par	0.3	1.3

Key historical financial ratios of BAIP group, UAB

LT L m illi on	20 11	20 12	20 13
Rev en ue	35 .1	40 .5	50 .8
EB ITD A	3.1	2.6	4.3
fit be for Pro e t ax	1.6	0.4	1.7
Ne fit t p ro	1.3	0.5	1.4
Pro fit rib b le t ity ho lde f t he att uta ent o e qu rs o par	1.2	0.4	1.4

¹ The information covers the interim financial period of the Company, starting from the Company's establishment date on 29 April 2014 and ending on 30 September 2014. 2Block of shares can reduce after completion of BAIP group's commitments to issue new shares.