Industrivarden Ab Class A · OMXSTO:INDU_A

Industrivarden Ab Class A — Q3 2002 Earnings Presentation

16 slides from Industrivarden Ab Class A's earnings presentation, Oct 31, 2002

  1. Slide 1: Interim Report Q3, 2002

    Interim Report Q3, 2002 Industrivärden, October 31, 2002 AN_Pres_KV302_eng

  2. Slide 2: Industrivärden – investment case

    Industrivärden – investment case  Good track-record in creating shareholder value over time  Long-term approach and financial resources  Freedom to act in investment operations  Competent organization  Experienced board representatives in the holdings  Strong brand  Valuable contact network w

  3. Slide 3: Mission, goal and vision

    Mission, goal and vision Business mission Create shareholder value based on a professional investment operation and active ownership Our goal Generate high growth in net asset value over time  Industrivärden’s stock will give shareholders a high total return Vision To be perceived as the leading in

  4. Slide 4: Two dimensional strategy

    Two dimensional strategy Professional invest- ment operation Active ownership Generate high growth in net asset value over time AN_Pres_KV302_eng

  5. Slide 5: Our investment criterias

    Our investment criterias Conditions Portfolio Sectors: Sector generalist Scope: Concentrated portfolio Ownership Possibility to be major or Individual investments structure: largest owner Market value: Large and medium- Investment sized companies horizon: 3-8 years Type: Mainly listed Geography: Nor

  6. Slide 6: Ownership structure as per June 30, 2002

    Ownership structure as per June 30, 2002 % of No. shares shares votes AMF Pension Fund 23 847 444 12 6 SHB Pension Foundation 12 900 000 7 9 Wallanders & Hedelius Foundation 11 100 000 6 8 Skandia 11 008 642 6 4 SHB Pension Fund 8 500 000 4 6 BZ Bank 7 525 100 4 3 SCA 6 989 884 4 5 Oktogonen 6 500 0

  7. Slide 7: Interim Report, Jan. - Sept. 2002

    Interim Report, Jan. - Sept. 2002  Industrivärden's stock Total Return as per October 28, 2002: -40%, Total Return Index -36% Average total return from year-end 1996 – October 28, 2002: 7%/yr., Total Return Index 3%/yr. Price trend as per October 28, 2002: -43%, General Index -37%  Net asset value

  8. Slide 8: Transactions in recent time

    Transactions in recent time Average Capital Date Transaction Holding Sector price Price gain Nov. 01 Sale Pharmacia Pharmaceuticals SEK 471 780 130 Apr. 02 Sale Lundbeck Pharmaceuticals DKK 231 2,400 1,500 Apr. 02 Sale Besam Door automation - 3,050 2,300 May 02 Purchase Össur Meditech SEK 5 260 - Ju

  9. Slide 9: Ericsson's completed rights offering

    Ericsson’s completed rights offering General  Rights offering completed according to plan  Over-subscription with approx. 37% (total issue amount SEK 30 bn) Industrivärden  Long-term confidence on Ericsson and its future potential  Industrivärden has subscribed for its pro rata share of SEK 756

  10. Slide 10: Development of net asset value

    Development of net asset value 4,2 SEK M 54,1 4,2 4,8 40,9 42,4 4,1 39,4 4,1 3,8 31,8 37,2 2,0 29,6 2,1 24,2 54,9 2,1 22,3 43,9 40,8 40,5 38,1 34,5 28,9 22,5 24,2 -5,1 -4,7 -5,7 -6,5 -5,2 -5,0 -1,3 -2,3 -2,1 Varav ränte- bärande netto- låneskuld 31 dec-00 31 mar-01 30 jun-01 30 sep-01 31 dec-01 31 m

  11. Slide 11: Composition of net asset value

    Composition of net asset value SEK billion SEK per share Oct. 28 Dec. 31 Oct. 28 Dec. 31 2002 2001 2002 2001 Listed portfolio 24.2 40.5 125 210 Industrial and trading operations and other unlisted holdings 2.1 4.1 11 21 Total equities portfolio 26.3 44.6 136 231 Other assets and liabilities -2.1 -5.

  12. Slide 12: Development of net asset value

    Development of net asset value Share of net asset value, % 298 283 204 172 153 115 125 SEK/share 100% 90% 22% 23% 26% 27% 27% 30% 30% 80% 70% 11% 12% 14% 21% 19% 10% Övrigt Other 16% 60% 9% 7% Sandvik 14% 50% 8% 16% SCA 15% 22% 21% 25% Handelsbanken 40% 19% 19% Ericsson 30% 46% 22% 20% 23% 38% 25% 2

  13. Slide 13: Sector breakdown, equities portfolio

    Sector breakdown, equities portfolio Health care (4%) Other (x%) Construction (6%) Össu Sk Trading (7%) Engineering (27%) an r oth In Sandvik du sk tra SSAB a . de Isaberg Rapid Telecom (7%) others Ericsso n SCA Handelsbanken Forestry Skandia and consumer Banking and products (22%) insurance (26%) A

  14. Slide 14: Listed portfolio as per September 30, 2002

    Listed portfolio as per September 30, 2002 Market value Share of Share of Share of SEK M SEK/share portfolio, % capital, % votes, % Handelsbanken 5,620 29 25 7 7 SCA 5,465 28 24 8 28 Sandvik 4,578 24 20 8 8 Ericsson 1,490 8 7 3 28 Skanska 1,476 8 7 8 32 SSAB 1,032 5 5 12 16 Skandia 664 4 3 5 5 Pfize

  15. Slide 15: Development for listed portfolio

    Development for listed portfolio Share of Value change, Price change, Yearly average total return, % portfolio value SEK M % Oct. 1, 1997- Oct. 1, 1992- as per Sept. 30, % January 1 – Sept. 30, 2002 Sept. 30, 2002 Sept. 30, 2002 Handelsbanken 25 -1.896 -25 9 36 SCA 24 131 2 13 18 Sandvik 20 -137 -3

  16. Slide 16: Industrivärden online

     Industrivärden online  Reuterskod INDUa.ST Bloombergskod INDUA SS Datastream kod W :IU  www.industrivarden.net  [email protected]  +46-8-666 64 00  +46-8-661 46 28  Box 5403, SE-114 84 Stockholm, Sweden www.industrivarden.se / IR / Ask… / Info...  Press release direct: www.waymaker.se

Industrivärden — Q3 2002 Earnings Presentation on 6ix