INVL Technology

Interim / Quarterly Report • Aug 26, 2014

Key information about INVL Technology, AB for 6 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 OMX 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 ,
illio LT L m n	30 -06 -20 14
of fin Ch e in th e t lue ial ets ang rue va anc ass	2.7 9
Pro fit bef ta ore x	2.7 5
ofit Net pr	2.7 5
lue of fin ial Va ets anc ass	19. 73
Oth ets er ass	0.1 3
AS SE TS	19 .86
Equ ity	19. 86
bili Lia ties	0.0
TO TA L E Q UIT Y A ND LI AB ILI TI ES	19 .86

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.

Ballance sheet of BAIP group, UAB

LT L m illi on	30 -06 -20 14
No ent set n-c urr as s	16. 1
Cu nt ets rre ass	27
AS SE TS	43 .1
Eq uity	9.2
lia bi litie No ent n-c urr s	1.4
Cu lia bi litie nt rre s	32 .5
TO TA L E Q UI TY AN D L IA BI LIT IE S	43 .1

Key financial ratios of BAIP group, UAB

LT L m illi on	30 -06 -20 13	30 -06 -20 14
Rev en ue	19. 1	24 .8
EB ITD A	1.4	2.3
fit be for Pro e t ax	0.0	1.3
fit Ne t p ro	0.0	1.1
fit rib b le t ity ho lde f t he Pro att uta ent o e qu rs o par	0.0	1.1

Key historical financial ratios of BAIP group, UAB

illi LT L m 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
Pro fit be for e t ax	1.6	0.4	1.7
fit Ne t p ro	1.3	0.5	1.4
fit rib b le t ho lde f t he Pro att uta ity ent o e qu rs o par	1.2	0.4	1.4

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