Pro Kapital Grupp AS · OMXTSE:PKG1T
Pro Kapital Grupp AS — Q2 2019 Earnings Presentation
17 slides from Pro Kapital Grupp AS's earnings presentation, July 2019
Slide 1: Results for the 2nd quarter and 6 months of 2019
Results for the 2nd quarter and 6 months of 2019
Slide 2: Paolo Michelozzi, CEO; Angelika Annus, CFO
Paolo Michelozzi Angelika Annus CEO CFO
Slide 3: Business highlights
T1 Mall of Rooftop Ferris-wheel opening in April Tallinn • Very active sales in Kristina Houses Tallinn • Active pre-bookings in Business Kalaranna Residential Quarter highlights • Active sales in River Breeze Residence Riga € totalling to 4.2 mln € (incl. VAT) during 1st half-year • Completion of 5
Slide 4: Financial highlights
Financial highlights 2019 6M 2018 6M 2019 Q2 2018 Q2 25,000 22,512 20,000 15,065 15,000 12,140 10,000 8,179 8,267 in thousands of euros 5,121 5,033 5,000 4,429 4,037 3,742 2,822 3,229 2,940 2,477 0 -276 -163 -5,000 Revenue Gross profit Operating result Net result
Slide 5: Profit and loss statement
Profit and loss statement in thousands of euros 2019 6M 2018 6M 2019 Q2 2018 Q2 CONTINUING OPERATIONS Operating income Revenue 22 512 15 065 12 140 8 267 Cost of goods sold -14 333 -10 032 -8 103 -5 038 Gross profit 8 179 5 033 4 037 3 229 Marketing expenses -294 -459 -152 -280 Administrative expens
Slide 6: Segments, 6 months y-o-y
Segments, 6 months y-o-y in thousands of euros EST EST LV LV LT LT GER GER Total Total 2019 6M 2018 6M 2019 6M 2018 6M 2019 6M 2018 6M 2019 6M 2018 6M 2019 6M 2018 6M Real estate 5 970 8 095 3 903 3 841 5 609 403 0 0 15 482 12 339 Rent 4 937 4 35 36 35 67 0 0 5 007 107 Hotels 0 0 0 0 0 0 1 873 1 875
Slide 7: Segments, Q2 y-o-y
Segments, Q2 y-o-y in thousands of euros EST EST LV LV LT LT GER GER Total Total 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 Real estate 1 505 3 028 1 528 3 841 5 551 215 0 0 8 584 7 084 Rent 2 435 3 18 18 15 42 0 0 2 468 63 Hotels 0 0 0 0 0 0 1 009 977 1 009 977
Slide 8: Balance sheet
Balance sheet 96% real-estate 40% equity portfolio 53% debts 4% 7% other cash & receivables
Slide 9: Assets
Assets Current assets 30.06.2019 30.06.2018 Cash and cash equivalents 4 102 6 711 Current receivables 2 856 3 153 Inventories 57 935 57 078 Total current assets 64 893 66 942 Non-current assets Non-current receivables 3 199 35 Property, plant and equipment 7 783 7 101 in thousands of euros Investmen
Slide 10: Liabilities
Liabilities Current liabilities 30.06.2019 30.06.2018 Current debt 39 788 9 319 Customer advances 4 932 5 070 Current payables 6 975 12 597 Tax liabilities 298 116 Short-term provisions 1101 7 Total current liabilities 53 094 27 109 Non-current liabilities Long-term debt 92 360 79 273 Other non-curr
Slide 11: Equity
Equity Equity attributable to owners of the Company 30.06.2019 30.06.2018 Share capital in nominal value 11 338 11 338 Share premium 5 661 5 661 Statutory reserve 1 134 1 082 Revaluation reserve 3 262 3 262 Retained earnings 76 663 59 944 in thousands of euros Profit/ Loss for the period -129 2 870
Slide 12: Cash position
Cash position 2019 Q2 2018 Q2 2019 6M 2018 6M 20,000 15,160 15,000 11,145 10,000 6,711 6,711 5,000 4,102 4,102 3,172 847 1,419 269 469 0 -1,262 -1,648 -5,000 -4,826 -10,000 in thousands of euros -15,000 -12,928 -20,000 -21,938 -25,000 Cash balance Operating Investing FinancinIg
Slide 13: Operations
Operations PROKAPITAL
Slide 14: The Baltic real-estate market
• Growing market in middle-class and premium segment Estonia • increasingly maturing and knowledgeable market with high expectations • Well-balanced supply and demand The Baltic • • strongest growth in upper-middle class market demand is highly impacted by the local real-estate Latvia tax system and
Slide 15: Rooftop Ferris Wheel opened in April 2019; increasing number of tenants
• rooftop Ferris Wheel Very active sales in the Increasingly high interest and opened in April 2019 3 last buildings of Kristina Houses active pre-bookings for the first phases of the Project • Increasing number of tenants
Slide 16: Completion of 5 new premium houses in Šaltinių Namai Attico
• Completion of 5 new premium • The sales of the luxury residences houses in Šaltinių Namai Attico are ongoing and Q2 welcomed 2 sales • One of the first project in Lithuania recognized with A++ energy class • The following phase of the Kliversala Residential certificate Quarter is in progress of te
Slide 17: Thank you!
Thank you! PROKAPITAL