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Invalda INVL Fund Information / Factsheet 2021
2247_rns_2021-05-31_74dc33a9-3648-4b84-81db-d7d2ec801415.pdf
Fund Information / Factsheet
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INVALDA
INVL
INVALDA INVL: Y2021 Q1 RESULTS' FACTSHEET
Invalda INVL is an asset management group that is open, growing and investing, and its activities create wellbeing for people.
The Group companies operating in Lithuania and Latvia provide services to more than 240 thousand individual and institutional regional and international clients, entrusting the Invalda INVL Group to manage EUR 1.3 billion in different asset classes, such as pension and investment funds, individual portfolios, private equity and other alternative investments.
Founded in 1991 by a group of academics to accumulate funds and carry out investment activities. Over its history Invalda INVL has executed deals worth more than EUR 1.7 bln.
Listed on the stock exchange since 1995.
Changes in Invalda INVL share price and OMX Vilnius index over 10 years
| Index/Shares | 01.01.2011 | 01.01.2021 | 31.03.2021 | Change (%) since 2011 | Change (%) in 3 months of 2021 |
|---|---|---|---|---|---|
| OMX Vilnius | 409.65 | 831.02 | 848.89 | 107.22 ↑ | 2.15 ↑ |
| Invalda INVL | 1.989 EUR | 7.95 EUR | 8.85 EUR | 344.95 ↑ | 11.32 ↑ |
Shareholders of Invalda INVL as of 31 March 2021
UAB LJB investments
(a company controlled by A.Banys)
Irena Ona Mišeikiené
UAB Lucrum Investicija
(a company controlled by D.Šulnis)
Alvydas Banys
Indre Mišeikyté
Other shareholders (>3400)
| EUR thousand | Group's | Company's | ||
|---|---|---|---|---|
| Q1 2020 | Q1 2021 | Q1 2020 | Q1 2021 | |
| Non-current assets | 69,731 | 79,349 | 73,815 | 80,746 |
| Current assets | 13,054 | 14,472 | 3,579 | 7,700 |
| Equity | 76,458 | 86,231 | 76,209 | 86,024 |
| Non-current liabilities | 2,905 | 3,936 | 712 | 1,592 |
| Current liabilities | 3,422 | 3,654 | 473 | 830 |
| Result before taxes | (11,376) | 2,988 | (11,383) | 2,978 |
| Net result | (10,559) | 2,847 | (10,576) | 2,840 |
| Net result attributable to holders of the parent Company | (10,576) | 2,840 | (10,576) | 2,840 |
Calculation of the net asset value of Invalda INVL
| EUR thousand | Evaluation criteria | 31.03.2020 | 31.03.2021 |
|---|---|---|---|
| Investment into asset management | Equity method | 13,948 | 12,245 |
| Investments into INVL Baltic Sea Growth Fund (commitment to invest is excluded) | Fair value of net assets | 1,895 | 9,120 |
| Investments into INVL Baltic Real Estate (including loans granted) | Market price | 14,261* | 4,231 |
| Investments into Moldova-Agroindbank | Comparative method of multipliers | 6,173 | 7,254 |
| Investments into INVL Technology | Market price | 2,836 | 3,935 |
| Investment into investment fund through subsidiary and directly | Fair value of net assets | 5,078* | 1,334 |
| Investments into Litagra | Combination of and discounted cash flows and sales comparison method | 14,084 | 18,327 |
| Investments into Šiauliai Bank | Market price | 11,433 | 17,463 |
| Investments into Inservis (including loans granted) | Discounted cash flows | 3,837 | 5,905 |
| Investments into other subsidiary companies (including loans granted) | Fair value of net assets | 415 | 339 |
| Other assets, other investments | Book value | 1,230 | 2,533 |
| Cash and cash equivalents | Book value | 2,204 | 5,760 |
| Total assets | Book value | 77,394 | 88,446 |
| Liabilities | Book value | (1,185) | (2,422) |
| Net asset value | Book value | 76,209 | 86,024 |
| Net asset value per share | Book value | 6.56 | 7.36 |
- The value of investments in non-consolidated companies is included
INVALDA
INVL
INVALDA INVL: Y2021 Q1 RESULTS' FACTSHEET
ASSET MANAGEMENT BUSINESS
| ASSET MANAGEMENT BUSINESS OF INVALDA INVL | |||||
|---|---|---|---|---|---|
| PENSION FUNDS | ALTERNATIVE INVESTMENTS | INVESTMENT FUNDS | FAMILY OFFICE | ||
| If pillar pension funds | Private Equity | Stock funds | |||
| If pillar pension funds | Real Assets and Infrastructure | Bond funds | |||
| Private Debt | Portfolio management | ||||
| Feeder funds | |||||
| Structure of asset management business of Invalda INVL | |||||
| ASSET MANAGEMENT | ASSET MANAGEMENT | FINASTA | FARMLAND MANAGEMENT | MUMBUS | |
| EUR million (if not stated otherwise) | 31.03.2021 | 31.03.2021 | |||
| Lithuania | Latvia | Total | Lithuania | Latvia | |
| Number of clients, units | 181.2 | 54.1 | 235.3 | 190.7 | 58.1 |
| Amount earned (loss incurred) for clients | (118.0) | 62.9 | |||
| Asset under management* | 865.2 | 103.7 | 968.9 | 1,158.9 | 168.0 |
| 2nd pillar pension funds | 450.4 | 102.4 | 552.8 | 657.2 | 166.4 |
| 3rd pillar pension funds | 35.4 | 1.3 | 36.7 | 59.8 | 1.6 |
| Investment funds | 47.7 | - | 47.7 | 53.7 | - |
| Portfolios | 49.3 | - | 49.3 | 81.4 | - |
| Alternative assets | 282.4 | - | 282.4 | 306.8 | - |
| Revenues | 3.9 | 0.1 | 4.0 | 2.50 | 0.3 |
| Profit (loss) before tax, EUR thousand** | 640 | (262) | 378 | 103 | 1 |
- Eliminated investments into own products, for which management fee is not charged.
** According to accounting data of Invalda INVL.
OTHER MAJOR INVESTMENTS, EUR MLN., AS OF 31.03.2021
| Company | Activity | Directly owned share, % | Value of the owned-shares | Profit (loss) from investment |
|---|---|---|---|---|
General partner investments
| INVL BALTIC SEA GROWTH FUND
bsgf.invl.com | The largest private equity investment fund in the Baltics.
The fund is intended for professional investors. | 12.22 | 9.1+12.7 commitment to invest | 1.5 |
| --- | --- | --- | --- | --- |
| INVL BALTIC REAL ESTATE
www.invlbalticrealestate.com | Investments in commercial real estate company, acting as a closed-end investment company. | 14.37 | 4.2 | 0.26 |
| MAIB
Moldova Agricultural
https://www.maib.md/ | The largest commercial bank in Moldova providing a full range of financial services | 7.9 | 7.25 | (0.1) |
| INVL TECHNOLOGY
www.invltechnology.com | Investments in an information technology company, acting as a closed-end investment company. | 15.39 | 3.9 | 0.03 |
| INVL INVESTAVIMAS
INVL Emerging Europe Bond Subfund www.invl.com | The Sub-Fund's assets are invested in debt securities of CEE governments and companies that appear to be the most attractive in terms of credit analysis. | 4.4 | 1.3 | 0.0 |
Other historical investments
| LITHUANIA
www.litagragroup.lt | Primary agricultural production company that concentrates on agriculture - the cultivation of grain, milk and feed production. | 48.81 | 18.3 | 0.24 |
| --- | --- | --- | --- | --- |
| SIAULIU BANKAS
www.sb.lt | Lithuanian commercial bank providing financial services for business and private clients. | 5.48 | 17.5 | 1.05 |
| inservis
www.inservis.lt | Facility management companies group | 100 | 5.9 | 0.13 |
| KELIO ZENKLAI
www.keliozenklai.lt | Manufacturing of road signs, supports and other metal products. | 100 | 0.2 | (0.13) |
| Vernitas
www.vernitas.lt | Preparation of textile fibres. | 11.06 | 0.4 | 0.0 |
More information www.invaldainvl.com