Pro Kapital Grupp AS · OMXTSE:PKG1T
Pro Kapital Grupp AS — IPO Roadshow (August 2012)
19 slides from Pro Kapital Grupp AS's IPO roadshow presentation, Aug 27, 2012
Slide 1: Public Offering of Pro Kapital Grupp Shares
Public Offering of Pro Kapital Grupp Shares Press Conference August 27, 2012
Slide 2: Important Notice
Important Notice This Presentation has been prepared by Aktsiaselts Pro Kapital Grupp (the “Company” or “PKG”) for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. This Presentation does not constitute or form part of, and should not be
Slide 3: Agenda
Agenda 1. Pro Kapital Grupp – Paolo Michelozzi, CEO, and Allan Remmelkoor, COO of Pro Kapital Grupp 2. Offering Details – Mikus Janvars, Partner of Porta Finance 3. Capital Market Environment – Ivars Bergmanis, Head of Institutional Markets at LHV Bank 4. Comments by the Stock Exchange – Andres Albe
Slide 4: 1. Pro Kapital Grupp
1. Pro Kapital Grupp Paolo Michelozzi and Allan Remmelkoor
Slide 5: Who Are We? Growing Real Estate Company in the Baltics
Who Are We? Growing Real Estate Company in the Baltics AS Pro Kapital Grupp develops, manages and sells real estate in Breakdown of the portfolio (€m) the capitals of the Baltics Portfolio of 11 properties (mainly residential and retail properties) 7.5 17.3 Value of portfolio €180m as appraise
Slide 6: What Have We Done? Selected Completed Landmark Projects
What Have We Done? Selected Completed Landmark Projects Domina Shopping Centre Kristiine Shopping Centre Ilmarine Quarter Kugu 26 Pics Pics 6
Slide 7: Why do we Believe it's the Right Time? Baltic Real Estate Market
Why do we Believe it’s the Right Time? Baltic Real Estate Market Presents Growth Opportunities… Real estate market in the Baltics is significantly less Average apartment price in city centre (€/m2, 2011)1 developed compared to the Nordic region and EU average 8,000 Market has started to recover
Slide 8: Why do we Believe it's the Right Time? Residential Real Estate
Why do we Believe it’s the Right Time? Residential Real Estate in Tallinn, Riga and Vilnius… Residential real estate market in Tallinn, Riga and Vilnius Average apartment price (€/m²)1 is recovering, with the number of transactions and prices 2,500 gradually increasing 2,000 There is a shortage
Slide 9: New Investment Cycle Foresees Significant Investments
New Investment Cycle Foresees Significant Investments Priority Projects to be Developed by PKG Peterburi Rd Shopping Centre Tallinas St. Residential Tondi Quarter Location Tallinn, Estonia Riga, Latvia Tallinn, Estonia Project scope Shopping centre Residential / commercial Residential / commercial S
Slide 10: How Do We Perform? Robust Financial Performance
How Do We Perform? Robust Financial Performance … Balance sheet consisting of properties Balance sheet1 acquired in late 1990s and early 2000s € million 2007 2008 2009 2010 2011 H1 2012 Total assets 201.7 169.4 167.1 178.4 113.5 102.7 Conservative financing Equity 114.3 84.0 75.7 66.5 72.1 69.1
Slide 11: How Are We Managed? Strong Management Team
How Are We Managed? Strong Management Team… Management Team Paolo Michelozzi Allan Remmelkoor Ruta Juzulenaite Ervin Nurmela CEO COO CFO Head of the Legal Department Supervisory Council Emanuele Bozzone Giuseppe Prevosti Renato Lorenzo Bullani Chairman Member Member Sari Aitokallio Pertti Huuskonen
Slide 12: 3. Offering
3. Offering Mikus Janvars tite = FEEEE FOOTE (CELE Ta PROKAPITAL
Slide 13: Offer Details
Offer Details Type of offering, Public offering of new common shares and expected listing on the main list of securities and listing NASDAQ OMX Baltic Price range of €1.90 – 2.05 per share, offering price set following the book- Pricing building A total of 37,000,000 new shares representing 41
Slide 14: 4. Capital Market Environment
4. Capital Market Environment Ivars Bergmanis
Slide 15: Sales Efforts
Sales Efforts 1. LHV Pank is the Bookrunner and Global Co-ordinator 2. LHV Pank is using its expertise and corporate access network to provide input and assist in facilitating the Offering and Listing. This includes a partnership with Auerbach Grayson in the US which provides access to over 130 mark
Slide 16: Why do we Believe it's the Right Time? Baltic Macro Environment
Why do we Believe it’s the Right Time? Baltic Macro Environment is Improving… GDPs are recovering GDP growth is driven by solid fundamentals 20% Successful internal devaluation process undertaken Estonia Latvia Lithuania EU27 Consumers are regaining confidence 10% De-leveraging process is co
Slide 17: How Investors See the Baltics and the Real-Estate Development Sector
How Investors See the Baltics and the Real-Estate Development Sector With around €70m raised it will be second in free float after Recent Capital Market Transactions Tallink Global Trade Centre, Poland, raised Largest IPOs in the Baltics since 2007 additional capital of €104m via a rights Ci
Slide 18: 5. Comments from NASDAQ OMX Tallinn
5. Comments from NASDAQ OMX Tallinn Andrus Alber
Slide 19: Küsimused/Questions!
Küsimused/Questions! • Paolo Michelozzi, Pro Kapital Grupi juhatuse esimees • Allan Remmelkoor, Pro Kapital Grupi juhatuse liige • Mikus Janvars, Porta Finance partner • Ivars Bergmanis, LHV Panga institutsionaalse maaklertegevuse juht • Andrus Alber, NASDAQ OMX Tallinn juhatuse esimees 19