Investor Presentation • Jun 3, 2014
Investor Presentation
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Vilnius, 3 June 2014
| • | hn lo I N V L Te A B c o g y, |
3- 1 0 |
|---|---|---|
| A bo I N V L Te hn log A B t c o u y, – |
3 | |
| fo Cu I N V L Te hn log t t rre n c o p or y – |
l io 4 |
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| I N V L Te hn log t o ma na g em en c y – |
5 | |
| P lan d m t s tru tu ne an ag em en c re – |
6 | |
| Da ha ta on s res – |
7 | |
| Co ive lua ion f c t t mp ara ev a o om p – |
ies 8 an |
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| Po i b le lua ion t ss va – |
9 | |
| • | B A I P Gr ou p |
1 0- 2 0 |
| B A I P Gr ou p – |
1 0 |
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| f Co l i da d B A I P Gr ina te ns o ou p nc – |
ia l re l 1 1 ts su |
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| B A I P Gr l i da d ba lan te ou p co ns o ce – |
1 2 |
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| B A I P Gr tru tu ou p s c re – |
1 3 |
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| B A I P Gr h is to ou p ry – |
1 4 |
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| B A I P Gr j hy t g ou p p ro ec eo g rap – |
1 5 |
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| Ma Bo d f B A I P Gr t na g em en ar o ou – |
1 6 p |
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| In l lec l p te tua ty rop er – |
1 7- 1 9 |
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| • | ie Co an m p s |
2 0- 3 0 |
| B A I P, U A B – |
2 1- 2 2 |
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| Ac U A B en a, – |
2 3 |
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| No Re is De lop ter t ay g s ve me n rw – |
A S 2 4- 2 5 |
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| N R D, U A B – |
2 6- 2 7 |
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| No Re is De lop ter t ay g s ve me n rw – |
Ea A fr ica L im i d 2 8 t te s |
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| N R D C S, U A B – |
2 9- 3 0 |
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| • | isc la im D er |
3 1 |
| • | Co in fo io ta t t n c rm a n |
3 2 |
Company intends to pursue closed-end investment company status. It is planned that after the license is granted, INVL Technology will be managed by Invalda LT Investments – company controlled by Invalda LT and consisting of professionals in various fields. Therefore, the current management structure of INVL Technology is temporary.
After graduation from the Vilnius Gediminas Technical University, Alvydas Banys worked for two years in the Lithuanian Academy of Science as a junior research fellow of the Institute of Economics. In 1996-2006 he served as a vice president of the company, in 1996- 2000 – member of the Board, 2001-2007 – Chairman of the Board. Alvydas Banys took part in real estate, hotels management, production companies Management Boards' activities. Currently Alvydas Banys is a Chairman of Invalda LT Board, also a member of the BAIP Group Board, INVL Baltic Farmland, AB, INVL Baltic Real Estate, AB, INVL Technology, AB, and Invalda LT Investments, UAB, Chairman of the Board.
Indre Miseikyte acquired architect degree at the Vilnius Gediminas Technical University. In 1994-1996 she worked in Vilniaus Baldai, AB, later in real estate and investment companies Gildeta, UAB, and Kremi, UAB. Since 2002 she works as an architect in Inreal Valdymas, AB. Since April 2012 – a member of Invalda LT Board. Indre Miseikyte is also a member of INVL Baltic Farmland, AB, INVL Baltic Real Estate, AB, and INVL Technology, AB, Boards. Since 2013 – a Member of the Board of Invalda Privatus Kapitalas, AB.
Darius Sulnis graduated from the Vilnius University acquiring accounting and audit Master degree. In 2013 completed business administration studies at the Duke University (USA). He worked as a manager of the broker company Finasta for eight years, then four more years as a manager of the real estate company Inreal Valdymas, AB, also took part in activities of Polish, Latvian and Lithuanian companies' Management and Supervisory Boards. Currently Darius Šulnis is a member of the Board and president of Invalda LT, AB, also takes part in activities of Invaldos Nekilnojamojo Turto Fondas, AB, Litagra, UAB, Inservis, UAB, BAIP Group, UAB, Invalda LT Investments, UAB, also INVL Baltic Farmland, AB, INVL Baltic Real Estate, AB, INVL Technology, AB, Boards and is a director of the last three companies.
| f h A i t t m o n o s a e s, n s u r u |
5 9 2, 7 3 0 |
|---|---|
| l b f h d b h T t t i i t t i t o a n u m e r o v o n g r g s g r a n e y s a r e s, u n s |
9 2, 3 0 5 7 |
| l l f h N i L T L o m n a v a u e o o n e s a r e, |
1 |
| l l l f h T i L T L t o a n o m n a a e o s a e s, v u r |
9 2, 3 0 5 7 |
| S d I I N c o e |
L T 0 0 0 0 1 2 8 7 3 8 |
| A o n m c r y |
I N C 1 L |
| h E x c a n g e |
S Q O l N A D A M X V i i n u s |
| d i l i T t r a n g s |
l i S d i B t L t a c e c o n a r y s |
| f l D i i t t a e o s n g |
4 J 2 0 1 4 n e u |
| EV / Sa les |
EV / EB IT DA |
D iv i de d y ie l d ( % ) n |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 0 1 2 |
2 0 1 3e |
2 0 14 e |
2 0 15 e |
2 0 1 2 |
2 0 1 3e |
2 0 14 e |
2 0 15 e |
2 0 1 2 |
2 0 1 3e |
2 0 14 e |
2 0 15 e |
|
| AB SA |
0. 1 |
0. 1 |
0. 1 |
0. 1 |
6. 1 |
7. 2 |
6. 9 |
5. 9 |
0. 0 |
0. 0 |
0. 0 |
0. 0 |
| Ac ion SA t |
0. 1 |
0. 2 |
0. 2 |
0. 1 |
5. 8 |
9. 6 |
8. 4 |
7. 8 |
6. 7 |
3. 5 |
4.7 | 8. 2 |
| AM G |
2. 8 |
3. 2 |
3. 2 |
2.7 | 9. 2 |
1 2.1 |
1 0. 5 |
8. 3 |
1. 8 |
1. 2 |
1. 6 |
1. 9 |
| lan d As Po se co |
1.1 | 0. 9 |
0. 8 |
0. 8 |
6. 5 |
6. 3 |
5. 5 |
5. 4 |
5. 3 |
4.7 | 5. 5 |
5. 6 |
| AT & S |
0. 9 |
0. 7 |
0. 9 |
0. 9 |
4.4 | 3. 7 |
4. 3 |
4. 8 |
3. 7 |
3. 1 |
1.1 | 1.1 |
| h Co mA rc |
0. 7 |
0. 7 |
0. 6 |
0. 5 |
6. 9 |
6. 5 |
5. 1 |
4.4 | 2.1 | 1. 9 |
2.7 | 2. 9 |
| ics i ko la la Er n N Te so s |
0. 5 |
1.1 | 1.1 | 1.1 | 6. 5 |
0. 9 1 |
0. 0 1 |
8. 9 |
1 3. 6 |
6. 9 |
6. 4 |
6. 4 |
| f f Ka h Tr ic Co p sc a m |
1.7 | 1.1 | 1.1 | 0. 7 |
15 3 |
1 6. 7 |
9. 6 |
4. 9 |
1.4 | 1.1 | 1.1 | 2.1 |
| Sy ity g n |
0. 3 |
0. 4 |
0. 3 |
0. 3 |
9 11 |
0. 1 7 |
9 7. |
2 7. |
0. 0 |
0. 0 |
0. 0 |
0. 0 |
| Se CE E cto r |
0. 7 |
0. 7 |
0. 8 |
0. 8 |
6. 5 |
7. 2 |
6. 9 |
5. 9 |
3. 7 |
3. 1 |
2.7 | 2. 9 |
| hn log Eu Sto Te ro xx c o y |
1.5 | 1. 9 |
2. 0 |
1. 9 |
11 .4 |
11 .7 |
1 0. 1 |
9. 0 |
0. 0 |
0. 0 |
0. 0 |
0. 0 |
| EB IT DA m |
in ( % arg |
) | Ne t m arg |
in ( % ) |
O ( R E |
% ) |
||||||
| 2 0 2 1 |
2 0 3e 1 |
2 0 14 e |
2 0 15 e |
2 0 2 1 |
2 0 3e 1 |
2 0 14 e |
2 0 15 e |
2 0 2 1 |
2 0 3e 1 |
2 0 14 e |
2 0 15 e |
|
| AB SA |
2.1 | 1.4 | 1.5 | 1.5 | 1.1 | 0. 8 |
1. 0 |
1. 0 |
1 3. 3 |
1 0. 4 |
1 2.7 |
1 2.7 |
| ion Ac t SA |
2. 2 |
2. 0 |
1. 9 |
1. 8 |
1.4 | 1. 3 |
1. 3 |
1. 3 |
2 0. 1 |
2 2.4 |
2 2. 2 |
21 2 |
| AM G |
3 0. 5 |
2 6. 2 |
3 0. 3 |
3 2.5 |
21 .1 |
1 6. 1 |
21 3 |
24 .1 |
2 2.1 |
14 2 |
1 9. 8 |
2 0. 9 |
| 14 3 |
1 0. 1 |
9.4 | 9.5 | 9. 3 |
7.4 | 7. 0 |
6. 9 |
6. 5 |
||||
| As Po lan se co |
1 6. 3 |
14 8 |
14 8 |
|||||||||
| d & S AT |
2 0. 1 |
1 8. 8 |
21 0 |
1 9. 6 |
5. 2 |
2. 6 |
5. 5 |
5. 0 |
1 0. 4 |
4.7 | 8. 4 |
6. |
| Co mA h rc |
9.5 | 11 .4 |
11 .4 |
6 11 |
2 4. |
0 5. |
6. 1 |
6. 3 |
6. 7 |
7.7 | 8. 9 |
6 8. |
| ics i ko la la n N Te so s |
8. 1 |
1 0. 1 |
11 .5 |
1 2. 3 |
6. 6 |
9. 0 |
1 0. 5 |
11 .4 |
15 8 |
1 6. 3 |
21 3 |
9 2 3. |
| f f ic Co Tr p sc a m |
11 2 |
6. 7 |
11 .7 |
14 2 |
5. 1 |
3. 4 |
4. 2 |
7.7 | 9. 8 |
4.1 | 4. 2 |
5 1 3. |
| Er h Ka ity Sy g n |
2. 8 |
4.1 | 4.1 | 4.1 | 0. 5 |
1.4 | 6 1. |
1.7 | 2 1. |
3. 1 |
3. 5 |
0 3. |
| Se cto CE E r |
9.5 | 11 .4 |
11 .5 |
1 2. 3 |
5. 2 |
5. 0 |
6. 1 |
6. 3 |
1 3. 3 |
1 0. 4 |
1 2.7 |
8 1 2.7 |
Source: Erste bank, data as of 19 May 2014
8
| l l M i i t p e u r |
6 | 7 | 8 | 9 | 1 0 |
|---|---|---|---|---|---|
| h l l I N V L T i i i L T L t t e c n o o g c a p a a o n, y z h d t o s a n u |
1 3, 5 4 4 |
1 6, 4 6 6 |
1 9, 3 8 7 |
2 2, 3 0 8 |
2 5, 2 2 9 |
| l f h V L T L a u e o o n e s a r e, |
2 2. 8 4 |
2 7. 7 7 |
3 2. 0 7 |
3 6 2 7. |
2. 4 5 5 |
• The fair value of shares will be determined by the market. The table shows possible price of shares at 6-10 EV/EBITDA, based on 2013 results.
www.baipgrupe.lt
A group of specialized companies, working in the field of IT and legal informatics, established in 2007.
BAIP group financial statements are kept in accordance to International Financial Reporting Standards (IFRS) as adopted by the European Union.
| T h d L T L o u s a n s |
Y e a r |
2 0 0 9 |
2 0 1 0 |
2 0 1 1 |
2 0 1 2 |
2 0 1 3 |
|---|---|---|---|---|---|---|
| i d F t x e a s s e s |
9 8 1 1, 1 |
2, 6 9 2 1 |
8, 3 3 1 4 |
3 0 1 7, 4 |
6, 2 0 3 1 |
|
| C t t u r r e n a s s e s |
3, 8 0 8 |
6, 6 0 7 |
1 2, 5 5 9 |
1 5, 6 5 0 |
1 6, 8 0 1 |
|
| l T t t o a a s s e s |
1 5, 7 8 9 |
1 9, 2 9 9 |
3 0, 9 0 2 |
3 3, 0 8 0 |
3 3, 0 0 4 |
|
| i i l E t t q c a p a u y |
4, 0 2 1 |
4, 7 6 4 |
7, 1 6 7 |
7, 1 8 2 |
7, 8 9 8 |
|
| l i b i l i i L -t t o n g e r m a e s |
3, 5 4 7 |
2, 8 7 4 |
2 9 0 7, |
9 9 1, 4 |
1, 1 1 6 |
|
| S h l i b i l i i t- t t o r e r m a e s |
8, 2 2 1 |
8 1 1, 7 7 |
6, 1 4 4 5 |
2 3, 9 0 4 |
2 3, 9 9 0 |
|
| l l i b i l i i T t t o a a e s |
6 8 1 1, 7 |
3 1 4, 5 5 |
2 3, 3 7 5 |
2 8 9 8 5, |
2 0 6 5, 1 |
12
13
Darius SulnisPresident and Member of the Board of Invalda LT, AB Director and Member of the Board of INVL Technology, ABChairman of the Board of BAIP group, UAB
CEO and Member of the Board of BAIP group Chairman of the Board of Norway Registers Development AS and NRD, UAB
Chairman of the Board of Invalda LT, AB Chairman of the Board of INVL Technology, AB
Member of the Board of BAIP group, UAB
Gytis UmantasCEO BAIP, UAB Member of the board of BAIP group, UAB
Vytautas PlunksnisFund manager at Invalda LT, UAB Member of the Board of BAIP group, UAB, NRD, UAB and Norway Registers Development AS
• Systems, processes, methodologies: Based on ISO/IEC 20000-1:2011, LST EN ISO 14001:2005, LST EN ISO 9001:2008 and EN ISO / IEC 27001:2006 standards and PMBOK Guide (IEEE Std 1490-2003). Also on CIMF (Critical Infrastructure Maintenance Framework) and The Unified Software Development Process methodologies.
EGI USER FORUM 2011, Vilnius
• Membership of associations and cooperation: Infobalt association; ISACA; NRD CS - Council on CyberSecurity competence partner in Europe and Africa. Technology partnerships (Microsoft, Oracle, IBM, Cisco, Dell and others).
CEOMarius Lescinskas
| d. w w w n r n o |
|
|---|---|
Managing director Rimantas Zylius
DirectorJon Birger Fjalestad
Consulting company, helping governments and institutions in all continents to build vital economy facilitating infrastructure and achieving relevant, measurable results, a part of BAIP group since 2011.
•
www.nrd.no
CEO Alvydas Arnoldas Sidlauskas NRD, UAB, and Norway Registers Development AS member of the boards
CEO –Dr. Vilius Benetis
Specialized cyber security company and a cyber security center of excellence for other group companies. BAIP spin-off in January 2014.
•Main clients: National CERTs, cyberpolice, national security services, enterprises, ISPs, government, courts, forensic science center, banks.
INVL Technology, ABSeimyniskiu str. 1A, LT-09312, Vilnius, Lithuania Tel. +370 5 279 [email protected]
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