Pro Kapital Grupp As · OMXTSE:PKG1T
Pro Kapital Grupp As — Q3 2019 Earnings Presentation
22 slides from Pro Kapital Grupp As's earnings presentation, November 2019
Slide 1: Results for the 3rd quarter and 9 months of 2019
Results for the 3rd quarter and 9 months of 2019
Slide 2: Paolo Michelozzi, CEO and Angelika Annus, CFO
Paolo Michelozzi Angelika Annus CEO CFO
Slide 3: Business highlights
Kalaranna Quarter • building permit received Tallinn • I & II phases constructed by Nordecon • Financing confirmed – LHV Bank River Breeze Residence Business Riga Annual Arcitecture Award 2019 winner Total sales during 9 months – €4,3 M highlights (without VAT) • Completion of 5 luxury residents in
Slide 4: Financial highlights
Financial highlights 2019 9M 2018 9M 2019 Q3 2018 Q3 40,000 37,283 35,000 30,000 25,000 21,043 20,000 14,771 15,000 11,740 10,000 6,885 6,892 5,978 in thousands of euros 4,779 5,000 3,561 2,279 1,764 1,859 350 0 -543 -5,000 -3,075 -2,799 -10,000 Revenue Gross profit Operating result Net result
Slide 5: Profit and loss statement
Profit and loss statement in thousands of euros 2019 9M 2018 9M 2019 Q3 2018 Q3 CONTINUING OPERATIONS Operating income Revenue 37 283 21 043 14 771 5 978 Cost of goods sold -25 543 -14 151 -11 210 -4 119 Gross profit 11 740 6 892 3 561 1 859 Marketing expenses Administrative expenses -487 -706 -193
Slide 6: Segments, 9 months y-o-y
Segments, 9 months y-o-y in thousands of euros EST EST LV LV LT LT GER GER Total Total 2019 9M 2018 9M 2019 9M 2018 9M 2019 9M 2018 9M 2019 9M 2018 9M 2019 9M 2018 9M Real estate 6 714 9 881 4 330 5 578 15 793 1 745 0 0 26 837 17 204 Rent 7 246 10 54 52 43 96 0 0 7 343 158 Hotels 0 0 0 0 0 0 2 865 2
Slide 7: Segments, Q3 y-o-y
Segments, Q3 y-o-y in thousands of euros EST EST LV LV LT LT GER GER Total Total 2019 Q3 2018 Q3 2019 Q3 2018 Q3 2019 Q3 2018 Q3 2019 Q3 2018 Q3 2019 Q3 2018 Q3 Real estate 743 1 786 427 1 737 10 184 1 342 0 0 11 355 4 865 Rent 2 309 6 19 16 8 29 0 0 2 336 51 Hotels 0 0 0 0 0 0 992 978 992 978 Maint
Slide 8: Balance sheet
Balance sheet 96% real-estate 40% equity portfolio 54% debts 4% 6% other cash & receivables
Slide 9: Assets
Assets Current assets 30.09.2019 30.09.2018 Cash and cash equivalents 5 270 7 079 Current receivables 1 219 4 055 Inventories 51 717 56 661 Total current assets 58 206 67 795 Non-current assets Non-current receivables 3 708 35 Property, plant and equipment 7 723 7 127 in thousands of euros Investmen
Slide 10: Liabilities
Liabilities Current liabilities 30.09.2019 30.09.2018 Current debt 43 621 8 184 Customer advances 2 059 5 171 Current payables 8 418 11 662 Tax liabilities 218 181 Short-term provisions 1 300 642 Total current liabilities 55 616 25 840 Non-current liabilities Long-term debt 87 359 91 177 Other non-c
Slide 11: Equity
Equity Equity attributable to owners of the Company 30.09.2019 30.09.2018 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 76 725 59 944 in thousands of euros Profit/ Loss for the period -2 734 2 32
Slide 12: Cash position
Cash position 2019 Q3 2018 Q3 2019 9M 2018 9M 30,000 24,250 20,000 9,090 10,000 7,079 6,783 7,079 5,270 6,214 5,270 3,430 258 0 -915 -2,813 -4,132 -5,740 -10,000 -8,980 in thousands of euros -20,000 -30,000 -30,918 -40,000 Cash balance Operating Investing Financing
Slide 13: Operations
Operations PROKAPITAL
Slide 14: Kalaranna Quarter, Tallinn
Kalaranna Quarter Tallinn PROKAPITAL
Slide 15: Phase I & II financed by LHV / construction Nordecon
Phase I & II financed by LHV /construction Nordecon: • 31,500 m2 will be developed – 8 houses 240 apartments and commercial premises • 2/3 of the total volume of underground parking, ca 370 parking spaces • Landscaping, Kalaranna Square and park • 36,6% of the first two phases pre-booked
Slide 16: Kristiine City, Tallinn
Kristiine City Tallinn PROKAPITAL
Slide 17: Ratsuri Houses and Kristina Houses
RATSURI HOUSES • united former stable house and a modern New Holland style building. • Total of 39 apartments with 29 pre-booked KRISTINA HOUSES • 10 houses in total, 3 last apartment buildings will be completed within 2019. • Total of 92 apartments: 81 sold and 2 pre- booked.
Slide 18: Kliversala Quarter, Riga
Kliversala Quarter Riga PROKAPITAL
Slide 19: River Breeze Residence and architecture award
• Winner of the Annual Architecture Award 2019 • River Breeze Residence– one of the premium segment market leaders in Latvia • Q3 sales €450 000 (incl. VAT) • 9 months sales revenue €4,3 M (without VAT) • The following phase of the Kliversala Quarter is in progress of technical design
Slide 20: Šaltinių Namai | Attico, Vilnius
Šaltinių Namai | Attico Vilnius
Slide 21: Completion of premium houses in Vilnius
• Completion of 5 new premium houses – total volume 8 houses • One of the first project in Lithuania recognized with A++ energy class certificate • first Italian courtyard garden in the city • Presold and sold 84 apartments out of 110 in total
Slide 22: Thank you!
Thank you! PROKAPITAL