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: Pro Kapital Grupp Investor Webinar Presentation
PRO KAPITAL GRUPP Investor Webinar Presentation 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 and Presenting Today
Agenda 1. Pro Kapital Grupp in a Nutshell 2. Market Background 3. Company Overview Presenting Today Mr. Paolo Vittorio Michelozzi Mr. Allan Remmelkoor CEO of Pro Kapital Grupp COO of Pro Kapital Grupp since 2001 since 2008 3
Slide 4: 1. Pro Kapital Grupp in a Nutshell
1. Pro Kapital Grupp in a Nutshell
Slide 5: Why Are We Here?
Why Are We Here? We believe in the strong future of Baltic economies Market We believe in the Baltic real estate market We have successfully exited most of our previous development projects Company We are ready to move forward with 3 major new projects requiring equity financing We are org
Slide 6: Who We Are? Growing Real Estate Company in the Baltics
Who We Are? Growing Real Estate Company in the Baltics AS Pro Kapital Grupp (“PKG” or “Company”) develops, manages Breakdown of the portfolio (€m) and sells real estate in the capitals of the Baltics Portfolio of 11 properties (mainly residential and retail properties) Value of portfolio €180m
Slide 7: For What Are We Raising Funding In The Offering?
For What Are We Raising Funding In The Offering? Priority Projects to be Developed by PKG Parameter Peterburi Rd Shopping Centre Tallinas St. Residential Complex Tondi Quarter Location Tallinn, Estonia Riga, Latvia Tallinn, Estonia Project scope Shopping centre Residential / commercial Residential /
Slide 8: 2. Market Background
2. Market Background
Slide 9: 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… Baltic economies are recovering Sovereign debt levels are under control (2011) Increasing exports together with internal devaluation and 180% regained competitiveness have been driving growth Government’s debt, % of GD
Slide 10: 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 11: 3. Company Overview
3. Company Overview PROKAPITAL
Slide 12: How Do We Perform? Robust Financial Performance
How Do We Perform? Robust Financial Performance … Balance sheet consisting of properties acquired in Balance sheet1 late 1990s and early 2000s € million 2007 2008 2009 2010 2011 H1 2012 Non-current assets 91.1 85.4 84.7 58.9 48.8 48.3 Conservative financing Current Assets 110.6 84.0 82.4 119.5 6
Slide 13: How Are We Managed?
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 14: What Have We Done? Strong Project Development Track Record
What Have We Done? Strong Project Development Track Record Project Type GSA/GLA Development Description Kristiine Shopping Kristiine Keskus was the largest shopping centre in Tallinn when opened in 1999. Commercial 42,000 m2 1997-2011 Centre The centre was expanded in 2002 and in 2010. Sold to Cityc
Slide 15: Selected Completed Landmark Retail Projects
What Have We Done? Selected Completed Landmark Retail Projects Kristiine Shopping Centre Domina Shopping Centre Kristiine Shopping Centre is the one of the first and Domina Shopping Centre is one of the first and largest largest shopping centres in Tallinn, located in the shopping centres in Rig
Slide 16: Selected Completed Landmark Residential Projects
What Have We Done? Selected Completed Landmark Residential Projects Ilmarine Quarter Kuģu Street 26 Ilmarine Quarter is a premium housing block in Tallinn Kuģu street 26 is a premium residential building in Riga, with an excellent location at the waterfront located next to the river Daugava with
Slide 17: What Should I Know About The Offering? Offering Guidelines
What Should I Know About The Offering? Offering Guidelines Type of offering, Public offering of new common shares with nominal value of €0.2 per share and expected securities and listing listing on the main list of NASDAQ OMX Tallinn Pricing Price range of €1.90 – 2.05 per share, offering price
Slide 18: Why Invest In Us?
Why Invest In Us? Unique Opportunity in the Growing Baltic Real Estate Market… Opportunity to capitalize on recovering Baltic real estate Track record of market Pure exposure on successful project Baltic macro development recovery Conservative Strong project balance sheet portfolio …Providing Baltic
Slide 19: Your questions are welcome!
Your questions are welcome! 19