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INVL Technology — Investor Presentation 2015
Jun 4, 2015
2265_rns_2015-06-04_7a41b87d-f686-43b5-a651-7ef6eab11a0e.pdf
Investor Presentation
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INVL Technology 2015 06 04
SHORT VIDEO PRESENTATION
Please see the video: https://youtu.be/P6YoCe1o8Z0
www.invltechnology.com | [email protected]
approach
Business climate improvement & e-Governance, IT infrastructure, Cyber Security and IT intensive industries' solutions providers
Implementation of highimpact development projects in 50+ countries for multinational donor agencies (WB/UN/Norwegian development agencies/etc.)
Raising of 20+m EUR capital facility for additional acquisitions and portfolio companies development in emerging & frontier markets
CORPORATE STRUCTURE
KEY EXECUTIVES
VYTAUTAS PLUNKSNIS
M&A
DARIUS ŠULNIS
Fund Manager at Invalda INVL, AB Member of the Board of INVL Technology 12+ years' experience in capital markets and Invalda INVL Management 20+ exits experience
CEO, managing partner CEO, INVL Asset 20+ years of M&A, PE
KAZIMIERAS TONKŪNAS
CEO, co-founder & managing partner of INVL Technology 20+ years' executive experience in ICT sector M&A, spin-offs, frontier markets
VIDA JUOZAPAVIČIENĖ
Head of HR & General Affairs at INVL Asset Management, cofounder of INVL Technology 15+ years' experience in ICT sector M&A, HR, Marketing and Operations
NERIJUS DROBAVIČIUS
Member of the Board of INVL Technology 15+ years' experience in M&A, financial analysis and setting up management controls
7 years Involvement with INVL Technology
9 years Involvement with INVL Technology
9 years Involvement with INVL Technology
9 years Involvement with INVL Technology
1 years Involvement with INVL Technology
CLUSTER FOCUS AREAS
BUSINESS CLIMATE IMPROVEMENT & E-GOVERNANCE IT INFRA-STRUCTURE CYBER SECURITY
IT INTENSIVE INDUSTRIES' SOLUTIONS
BUSINESS CLIMATE IMPROVEMENT & E-GOVERNANCE
BUILDING SPECIALISED E-GOVERNANCE SOLUTIONS PROVIDER WITH A FOOTPRINT IN SELECTED MARKETS
INDUSTRIES & CLIENTS:
– Registries, Mortgage Offices, Public Procurement Agencies, e-Government, Licensing Offices, Central Banks, Tax inspectorates
SERVICES & SOLUTIONS:
- Legal, organisational reforms and their implementation;
- Design and implementation of critical and important national information systems;
- Tax collection with eFilling
- Transformation of business inspections;
- Public procurement and judiciary system modernisation;
- Reforms of state owned enterprises
- Creation of a secure digital environment.
OPERATIONAL MARKETS:
– Emerging and frontier economies: CEE, East Africa, South and Southeast Asia, Central America.
REFERENCES:
– Rwanda Office of the Registrar General, Mauritius e-Registry, Liberia Ministry of Commerce and Industry, Vietnam Business Development Agency, Lithuanian Central Mortgage Office.
Mauritius Registrar General Department. Before & After
www.invltechnology.com | [email protected]
IT INFRASTRUCTURE
BUILDING LEADING IT INFRASTRUCTURE SERVICES PLAYER IN THE BALTICS WITH SIGNIFICANT SERVICES EXPORT TO THE FRONTIER MARKETS.
INDUSTRIES & CLIENTS
– General with focus on large corporate IT users and public sector
SERVICES & SOLUTIONS
- Design and installation of data centers;
- Design of super computers;
- Consolidation and virtualisation of servers and main IT infrastructure;
- Backup, emergency recovery and business continuity solutions.;
- Managed printing services CopyPrint;
- Information system lifecycle management, 24x7 maintenance and support.
OPERATIONAL MARKETS
– CEE, East Africa
REFERENCES
– Vilnius University, Bank of Lithuania, National Courts Administration, Litgrid, Reserve Bank of Zimbabwe, Burundi Central Bank, SEB Bank, DPD, Maxima, Ministry of Energy, Mauritius e-Registry
National Open Access Research Data Archive (MIDAS)
www.invltechnology.com | [email protected]
CYBER SECURITY
BUILDING GLOBALLY OPERATING CYBERSECURITY SOLUTIONS AND SERVICES PROVIDER.
INDUSTRIES & CLIENTS
– Specialised public services providers (Law enforcement, National CERTs, Telecom, National communication regulators), and corporates with high data sensitivity
SERVICES & SOLUTIONS
- Cybersecurity incident resopnse Team (NRD CIRT);
- E-crime and abuse handling automation;
- Security assessment and review;
- Cyber defence technologies;
- Cyber security trainings.
OPERATIONAL MARKETS
– CEE, East Africa and South Asia.
REFERENCES
– Law enforcement offices, courts, National communication regulators.
Annual cyber security conference "Cyber Defence East Africa"
IT INTENSIVE INDUSTRIES' SOLUTIONS
BRINGING LOCAL SPECIALISED INDUSTRIES IT SOLUTIONS PROVIDERS TO GLOBAL SCENE.
INDUSTRIES
– Energy, Utilities, Banks, Retail, Manufacturing & logistics
SERVICES & SOLUTIONS
- E-banking;
- Smart retailing;
- Other sector specific solutions.
OPERATIONAL MARKETS
– CEE, Emerging and frontier economies: CEE, East Africa, South and Southeast Asia, Central America.
REFERENCES
– Lithuanian Centre of Registers, DnB bank in Lithuania and Estonia, Šiaulių bankas, Medicinos bankas, Reitan Convenience in Lithuania and Estonia, R-Kioski in Finland
ETRONIKA received "Best of Show" award at "FinovateEurope" in 2013 and 2014
PLATFORM FOR GLOBAL GROWTH…
FK program participants delivering trainings for Zanzibar National university IT students
EXAMPLE. ENTERING MAURITIUS MARKET
PORTFOLIO COMPANIES DELIVERING GROWTH
Share of revenue in frontier markets:
PORTFOLIO STRUCTURE (2014 12 31)
Portfolio structure by company value Portfolio capital structure
- Critical IT infrastructure services 85%
- Information systems design and development 5%
- Cyber security services 6%
Other liquid assets (cash & receivables) 4%
| PORTFOLIO ASSETS STRUCTURE |
mEUR | EV/EBITDA | P/E |
|---|---|---|---|
| Critical IT infrastructure services | 13,20 | ||
| Information systems design and development |
0,70 | 6,7 | |
| Cyber security services | 1,00 | 12,4 | |
| Other liquid assets (cash & receivables) |
0,57 | ||
| Total | 15,47 |
| CAPITAL STRUCTURE | mEUR |
|---|---|
| Equity | 11,92 |
| Loans from Invalda INVL |
1,65 |
| Loans from portfolio companies | 1,84 |
| Other payables | 0,06 |
| Total | 15,47 |
Source: Management estimate; Financial statements; Deloitte valuation
EXPLOITING GROWTH OPPORTUNITIES
BALTIC ICT DEALS LANDSCAPE
PIPELINE PARAMETERS
| CYBER SECURITY |
• Specialized Cyber & Information security solution providers, with local market footprint Baltics , EE • 2-3 Add-ons with EV range 0,5-1 mEUR / • • 1 platform acquisition EV range 7-10 mEUR |
|
|---|---|---|
| IT INFRASTRUCTURE |
• IT infrastructure services providers, data centers, • cloud solution providers • Baltics, Poland, Scandinavia • 4 Add-ons with EV range 0,5-1 mEUR 4 Platform acquisitions with EV range 5-7,5 mEUR • 2 Minority participations with EV range 5-10 mEUR • |
30+ potential acquisition targets |
| BUSINESS CLIMATE IMPROVEMENT AND E-GOVERNANCE |
E-governance and public sector oriented solution • providers, B2G oriented consulting services • Baltics, Scandinavia • 3 Add-ons with EV range 0,5-1 mEUR • 2 Minority participations with EV range 20+ mEUR |
50 mEUR+ deals on target |
| IT INTENSIVE INDUSTRIES' SOLUTIONS |
• B2B solution providers with focus on dedicated IT user industries: financials, utilities, energy; ERP solution providers; GIS solution providers; • Baltics, Eastern Europe, Scandinavia • 5-6 Platform acquisitions with EV range 3-5 mEUR, 2 with EV range 10 mEUR+ 5 Add-on acquisitions with EV range 0,5-1 mEUR • |
POTENTIAL DEVELOPMENT MODEL
Please see the video: https://youtu.be/-tUXhafjb3E
www.invltechnology.com | [email protected]
TARGET LEGAL STRUCTURE
| SIZE: | Starting cap - EUR 11.9 million Target cap – EUR 35 million I Hard cap – EUR 50 million |
|---|---|
| TYPE: | Nasdaq Baltic listed closed end investment comapany |
| DOMICILE: | Lithuania (supervised by the Central Bank of Lithuania) |
| TERM: | 10 + 2 years |
| INVESTMENT PERIOD: |
5 years |
| FEES STRUCTURE: | 2% management fee on market cap 20% carry over 8% hurdle rate |
| MANAGEMENT COMPANY: |
INVL Asset Management |
| AUDIT: | Audited by Big 4 (currently – PwC) |
TARGET LEGAL STRUCTURE
EXPECTED TIMELINE '2015
CONTACTS
KAZIMIERAS TONKŪNAS
Director INVL Technology, AB Mobile: (+370) 698 23368 Phone: (+370 5) 219 1919 Address: Gyneju str. 16, LT-01109 Vilnius E-mail.: [email protected]
ANDREJ CYBA
Chairman of the Board, CEO Bank Finasta, AB Mobile: (+370) 320 68392 Phone: (+370 5) 203 22 33 Address: Maironio str. 11, LT-01124 Vilnius E-mail: [email protected]
DISCLAIMER
- This presentation is prepared by AB INVL Technology (hereinafter the Company).
- The Company is not responsible for any third party decisions made by referring to only this information and it does not accept responsibility for the cost of direct and indirect losses caused by using only this information.
- This information is an informative marketing material, it is not and cannot be treated as a proposal (an offer), investment advice or an investment research.
- The corporate structure scheme is simplified. Unless it is indicated otherwise, the companies are owned 100 per cent.
- Stated dates are preliminary and are subject to change.
- Information provided in the marketing material represents the opinion of the Company at the time of its presentation/publication. This information is a one-off, but it may be renewed at the discretion of the Company.
- Value of financial instruments can both rise and fall, so there is a risk of losing some or all of the invested funds.