KORADO-BULGARIA AD KORADO BULGARIA financial results – 2018 STRATEGIC OBJECTIVES – 2019 MARKET AND INDUSTRY TRENDS DIVIDEND POLICY AND PERFORMANCE ON BSE INVITATION TO THE GENERAL ASSEMBLY Sofia, March 28 th , 2019
Audited Financial Statement 2018 Profit BGN’000: 2018 compared to 2017 2014 - 1,321 2015 - 1,932 2016 - 2,927 10% 3.3% 2017 - 4,778 2018 - 5,254 PROFIT TURNOVER
TOTAL SALES (pieces)
Last 5 years highlights 2018 2014 2015 2016 2017 § Secondary public § Successful § Launching new § Joining the Premium § 6M dividends paid offering of shares capital increase tubular radiators market for the very first time by BGN 7,1 mln production line – BGN 1,3 mln § Opening of § Capital increase by second modern line § Dividend per § Energy efficiency 4 389 ths BGN (2:1) to § The best results in for panel radiators share 0,18 BGN program 13 169 ths shares company’s history – profit growth and § Dividend per § Dividend per § Newly acquired turnover share 0,12 BGN share 0,26 BGN premises (production hall, land) § Dividend per share 0,26 BGN
STRATEGIC OBJECTIVES – 2019 § Reopening Russian market § Maintain and increase of production capacity; § Preserving the share of trade in heating units on the Bulgarian market; § Maintaining the volume of sales at least at the level achieved in 2018 in the territories in which KORADO-Bulgaria AD recently conducts its sales (Romania, France, Hungary, Ukraine, and Bosnia and Herzegovina); § Full utilization of all benefits of the memberships in KORADO Group
INVESTMENTS ü ü ü POTENTIAL RECONSTRUCTION OF INTRODUCTION OF NEW PAINTSHOP THE ACQUIRED (2017) NEW PRODUCTION PRODUCTION HALL
2018 in the light of the last 5-year period Еarnings per share (BGN)
KBG Share price development versus SOFIX
High quality and wide range of heating, cooling and ventilation products Česká Třebová, CZ Cesky Dub, CZ Liberec, CZ Strazhitsa, BG
Wide assortment § Modern and individual design § High efficiency § Progressive technology and flexible connection to the heating system § Extensive range of available types, sizes and colours
Reference SAXO BANK HEADQUARTERS SKY TOWER (Kopenhagen, Denmark) (Wroclaw, Poland) WATERFRONT OFFICE BUILDING EUROVEA OFFICES (Stockholm, Sweden) (Bratislava, Slovakia)
The preparation for the changes in EU from 2020 Starting from 2020 the guideline EPBD will become valid for all new buildings in EU . This guideline stipulates that all new buildings shall have almost zero energy consumption . The energy performance of such a building should be mostly covered by energy gained from renewable sources . The KORADO Group will be ready for the change of customer’s demands thanks to new energy saving appliances.
Cooperation with UCEEB § Apart from our own research and development we co-operate with leading experts within our industry. § Specifically with the research institute UCEEB Č VUT in Prague (University Centre of Energy Efficient B u i l d i n g s ) w e h a v e s t a r t e d development of unique local ventilation units.
New Steel panel radiator VKM8
New KORATHERM AQUAPANEL § New design radiator KORATHERM AQUAPANEL § Design version for bathroom § Available in types 10 and 20
New Central heat recovery units § This represents an enhancement of KORADO solutions for end consumers
We presented all our news on the biggest European exhibition of heating and ventilation
Invitation for a General Assembly Meeting 15.05.2019, Strajica city 1. Annual financial statements and Management report for 2018 2. Statutory auditor’s report and report of the Independent audit committee (IAC) 3. Remuneration report – Board of Directors (BD) and Supervisory Board (SB) 4. Report of Director for relation with investors 5. Profit distribution for 2018 • Net profit for 2018: 5 254 000 BGN • Payment of dividends: 1 st 6 months - 1 317 000 BGN – 0.1 BGN per share 2 nd 6 months – 2 502 000 BGN – 0.19 BGN per share 0.29 BGN per share in total • Return: 10.5 % of subscription price 7. Оther points as per the invitation
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