PDP Posebna družba za podjetniško svetovanje, d. d. PDP Posebna družba za podjetniško svetovanje, d. d. (Special Company for Corporate Advisory, Inc.) April , 2011 PDP Posebna družba za podjetniško svetovanje, d. d. WHO WE ARE? PDP is a financial holding company owned by three state owned funds (KAD, SOD, DSU) History: April , 2011 Established in June 2009, Capital increased by shares of 10 Slovenian companies previously owned by KAD, SOD, DSU (December 2009) Our investment philosophy is to manage companies in portfolio through active approach to ownership and corporate governance, in order to ensure growth in revenue, earnings and value. PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 1 PDP Posebna družba za podjetniško svetovanje, d. d. WHY WE ARE? Mission We actively manage and direct our portfolio companies, encourage them to balance growth and development, by which we increase value for our shareholders in a socially responsible way . Vision April , 2011 By 2014, we will be a reference and respectable active manager of distressed companies, with accordingly diversified portfolio, and a provider of quality services of corporate governance, management and corporate advisory. We will find strategic investors in at least five of our portfolio companies, and will make at least three exits from the current portfolio companies. We will raise necessary funds for our investment activities with different investors on a global capital market. We will create conditions for employment of highly motivated experts in the fields of investment management, management and business consulting. PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 2 PDP Posebna družba za podjetniško svetovanje, d. d. INVESTMENT PROCES, VALUE ADDING, EXIT PROCESS Investment process: Deal generation Due diligence and valuation Deal structuring Portfolio company value adding: Exit process: Portfolio company value adding April, 2011 Preparation of the exit process Valuation and preparation of sales documents Deal closing Collection of interest and non binding bids PDP, Posebna družba za podjetniško svetovanje, d.d. Portfolio company value adding Collection of binding bids Exit Closing slide: 3 PDP Posebna družba za podjetniško svetovanje, d. d. FINANCIAL POSITION PDP’s Balance sheet (in EUR million) Assets Long term assets Property, plant and equipment Long term financial investments Deferred taxes Short term assets Short-term operating receivables Cash ShortShort-term deferred costs and accrued revenue Liabilities and Shareholder's Equity Shareholder’s equity Long-term financial liabilities Long-term operating liabilities Short-term financial liabilities Short-term operating liabilities April , 2011 12/31/2010 12/31/2009 48.603 44.776 0.017 44.759 0.000 3.824 3.000 0.804 0.003 48.603 43.543 5.000 0.000 0.000 0.060 71.827 66.831 0.013 66.811 0.007 4.995 0.019 4.976 0.002 71.827 71.804 0.000 0.000 0.000 0.024 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 4 PDP Posebna družba za podjetniško svetovanje, d. d. CURRENT INVESTMENT PORTFOLIO Adria Airways www.adria.si Adria Airways Tehnika Aero Elan www.aero.si www.elan.si Elektrooptika http://www.adriatehnika.com PDP Ownership: 86% PDP Ownership: 52% PDP Ownership: 33% PDP Ownership: 67% PDP Ownership: 70% Fotona Novoles Paloma Rimske terme Unior www.fotona.com www.novoles.si www.paloma.si www.rimske-terme.si www.unior.si PDP Ownership: 70% PDP Ownership: 17% PDP Ownership: 71% PDP Ownership: 17% PDP Ownership: 37% April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 5 PDP Posebna družba za podjetniško svetovanje, d. d. ADRIA AIRWAYS General Informa Information Year of Founding 1961 Website: www.adria.si Industry Regional Airline Number of Employees 452 Member of Alliance Fleet (type & number of planes) Star Alliance 14 Airbus A320 1 Airbus A319 2 Canadair Regional Jet CRJ900 4 Canadair Regional Jet CRJ200 7 Results 2010 (in t EUR) Sales 4 151,078 EBITDA -6,329 EBIT -19,657 Sales (in m EUR) EBITDA (in m EUR) 205,4 179,2 Net income -15,975 Total Assets Equity 145,762 8,132 Debt (financial) 89,347 161,4 152,3 151,1 Results 2010 (Physical data) Carried passengers 1,170,235 Cargo Load factor (in %) 1,960 tons 65,99 10,4 2006 April, 2011 15,9 2007 PDP, Posebna družba za podjetniško svetovanje, d.d. 15,3 2008 3,6 2009 -6,3 2010 slide: 6 PDP Posebna družba za podjetniško svetovanje, d. d. ADRIA AIRWAYS cont. cont. Adria Airways, the regional airline of Slovenia, has a 50-year tradition. Its flight network connects Ljubljana with more than 20 European cities and offers excellent connections to Southeast Europe. Adria Airways is a member of Star Alliance network. Company is currently operating 14 aircraft: 3 Airbus A319/A320 (135 seats), 4 Canadair Regional Jet CRJ900 (86 seats) and 7 Canadair Regional Jet CRJ 200 (48-50 seats) . In June 2010, Adria Airways has spun-off its MRO division into a new company Adria Airways Tehnika. In January 2011, Adria Airways sold ordinary shares of Adria Airways Tehnika to PDP, d. d. and Aerodrom Ljubljana and exited from ownership of the company. Process of search for a strategic partner Adria Airways has started the process to find a strategic partner, investing in a share capital increase of the company in a level that is necessary to improve the operational and financial position of the company, ensure the company’s future growth and development of its wellrecognized brand. The company is currently choosing the financial and legal advisors to lead the process. The tender will be published in May 2011. For any additional information please contact: Mr. Matej Golob Matzele Chief Executive Director PDP, d. d. Phone.: +386 1 47 46 883 Fax: + 386 147 46 881 [email protected] or Mr. Klemen Boštjančič Chief Executive Director Adria Airways, d. d. Phone.: +386 4 25 94 600 Fax: + 386 4 25 72 572 [email protected] Web site: www.adria.si Aprill, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 7 PDP Posebna družba za podjetniško svetovanje, d. d. ADRIA AIRWAYS TEHNIKA General Informa Information Year of Founding 2010 Website: www.adriatehnika.com Industry Number of Employees 216 Results VI – XII 2010 (in t EUR) Sales 4 EBITDA / EBIT / Net income -414 Total Assets Equity 17,200 14,300 Debt (financial) 0 10,100 49,4 % of shares are preferred shares with voting rights Adria Airways Tehnika is a maintenance, repair and overhaul (MRO) company with a 50-year traditon. It has been a division of Adria Airways until June 2010, when the company was spun off into an independent daughter company. In last quarter of 2010, PDP and Aerodrom Ljubljana entered into a shareholders structure. They bought out the company from Adria Airways in the first quarter of 2011. Adria Airways holds a call option on all shares of Adria Airways Tehnika. Web site: www.adriatehnika.com April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 8 PDP Posebna družba za podjetniško svetovanje, d. d. ADRIA AIRWAYS TEHNIKA Spun-off from Adria Airways in June 2010 Adria Airways has started the MRO on its own fleet in 1961. Since 2002 Adria Airways has performed maintenance work on approximately 620 foreign aircrafts. In 2005 Adria Airways has also started with maintenance work on the Airbus A320 family. Adria Airways received a European Union JAR 145 certificate and has also been providing maintenance and service work for other airlines at its hangars. Aircraft manufacturer Bombardier Aerospace Canada selected Adria Airways for its Heavy Maintenance Facility for Canadair Regional Jet aircraft because of its expertise and extensive experience. Adria Airways is positioned a European No. 1 third party maintenance provider in CRJ100/200/700/900. Services offered: All line maintenance: CRJ100/200/700/900 complete airframe maintenance A320 C-checks, 6 & 12 year checks and structural inspections April , 2011 Engines: QEC built-up CF34-3 LPT, HPT replacements, top case removals Components: wheels, brakes, avionics limited, interior shop, composite shop, sheet metal shop, paint shop, NDT laboratory-eddy current, ultra sonic, magnetic particles, penetrant PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 9 PDP Posebna družba za podjetniško svetovanje, d. d. AERO General Information Year of Founding 1946 Industry Chemical, Graphic and Paper Manufacturers Number of Employees 221 Production programme Repositionable products SelfSelf-adhesive materials for label industry SelfSelf-adhesive tapes Paper carrier bags Other products (microencapsulated products, etc.) Results 20010 20010 (in t EUR) Sales EBITDA EBIT Net income Total Assets Equity financial)) Debt (financial 2010 Results 20 10 (Sales structure) Domestic market Foreign markets Sales (in m EUR) 24,000 2,550 680 8 36,9 39,7 38,8 36,2 37,4 32,600 10,100 15,829 18% 18% 82% 1,7 2005 April , 2011 EBITDA (in m EUR) 2,3 2006 PDP, Posebna družba za podjetniško svetovanje, d.d. 4,4 2007 1,7 2008 1,5 2009 slide: 10 PDP Posebna družba za podjetniško svetovanje, d. d. AERO cont. cont. Aero is a production and trading company with over 50 years experience with adhesives and coatings. Company wants to be recognized through their main brands, TIX, AEROTAPE Sales by markets 2009 and AEROTAC, as a reliable partner, offering solutions in the field of sticking, Eastern Europe 51% bonding, packing, information transfer and promotion. The company’s history starts in 1929 Aero group consist of a mother company and seven daughter companies: April, 2011 Southern Europe 11% Production companies: AERO COPY, d.o.o., Slovenia (Aero’s ownership : 97.70%), AERO PAPIROTI, d.o.o., Slovenia (Aero’s ownership: 100.00%), AERO IDA, d.o.o., Slovenia (Aero’s ownership : 100.00%), AERO BALKAN d.o.o., Serbia (Aero’s ownership: 100.00%); Slovenia 17% Other markets 3% Western Europe 18% Trade companies: AERO-EXCLUSIVE d.o.o., BIH (Aero’s ownership : 51.00%), AERO-ZG d.o.o., Croatia (Aero’s ownership: 100.00%), AERO SK d.o.o., Macedonia (Aero’s ownership: 49.00%). PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 11 PDP Posebna družba za podjetniško svetovanje, d. d. AERO cont. cont. Production programme: April , 2011 Repositionable products: Repositionable notes of different colures, shapes, dimensions; Scented repositionable notes; Indexes of different shapes and colours, Repositionable tapes; Writing pad, adhesive board. Self-adhesive materials for label industry: Permanent; Ultra removable; Silicone coated papers. Self-adhesive tapes: Packaging self-adhesive tapes; Masking self-adhesive tapes; Double-sided self-adhesive tapes; Printed self-adhesive tapes; School and office self-adhesive tapes. Other products: Promotional products; Colours and glues; Converted paper products; Microencapsulated products Wetty. PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 12 PDP Posebna družba za podjetniško svetovanje, d. d. AERO cont. cont. Aero Papiroti : Carrier bags - twisted handles; Carrier bags - flat handles; PAPIPAK take away paper bags for food; Packing bags; Packing paper; Promotional products. Aero Balkan: Products for office and school; Products for household. Sales process The two largest owners of Aero, PDP and Probanka (owning more than 52 % of the total capital), have started the sale process of the company. Public tender will be published in May 2011. For any additional information please contact: Mr. Matej Golob Matzele Chief Executive Director PDP, d. d. Phone.: +386 1 47 46 883 Fax: + 386 147 46 881 [email protected] April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 13 PDP Posebna družba za podjetniško svetovanje, d. d. ELAN General Information Year of Founding 1945 Industry Sport Equipment Producer Number of Employees 460 Divisons Skis Snowboards Sailing Boats Equipment for sport facilities Results 2010 (in t EUR) Sales 83,533 EBITDA 6,317 EBIT -975 Net income -1,617 Total Assets 113,826 Equity 50,360 Debt (financial) 35,706 Elan Group is a leading producer and provider of sports goods with over a 60 years of tradition. With innovative approach and advanced technology, Elan is committed to developing products with technical and design perfection. April, 2011 Sales (in m EUR) 122,4 EBITDA (in m EUR) 117,5 100,0 83,5 80,8 9,8 2006 3,8 2007 PDP, Posebna družba za podjetniško svetovanje, d.d. 0,6 2008 10,3 2009 6,3 2010 slide: 14 PDP Posebna družba za podjetniško svetovanje, d. d. ELAN winter sports division Elan winter sport division consists of skis and ski equipment manufacturing unit, snowboard manufacturing unit and five distribution units (in Germany, Austria, Canada, Switzerland and Japan). In 2010 Elan sold 448 thousand pairs of skis, of which more than half under own brand Elan. Currently Elan is 7th global ski brand, which covers approximately 8% of global ski market. However, Elan last year represent 13% of global ski production. Elan also sold 217 thousand snowboards of which more than 10% were sold under own brand. The company got several awards for its innovations and design. Elan confirms its reputation every winter season with innovation, originality and diversity. With revolutionary WaveFlexTM technology Elan has set a new milestone for the development of the ski industry. In 2010, the company developed largest innovation since last 4 years, called AMPHIBIO. It is a unique and revolutionary innovation, that includes two profile technologies (camber in rocker) in one ski. It is also exclusively designed by Porsche Design Studio. Elan received a 2011 red dot design award for its AMPHIBIO skis. Web site: www.elansports.com April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 15 PDP Posebna družba za podjetniško svetovanje, d. d. ELAN marine division Elan yard is located in Begunje (Slovenia) since its beginnings in 1949. Nowadays Elan Marine division employs 340 workers. Entire production process is in-house including R&D department, lamination plant, joinery and assembly lines. In 2003 Elan officially opened new assembly line along with implementation of the new environmentally friendly technology VAIL (Vacuum assisted infusion lamination) and new highly efficient cleaning device. The total of 16.000 m2 production area was extended in 2007 with the modern production plant for larger yachts. Elan has been in close cooperation with world’s leading yachts designers. In 2010 Elan, in a segment of sailing boats between 32 and 60 ft (taht represents 20% of the nautical maket), sold 122 boats, getting a 5,2 % market share. Elan presented three new models in 2010. Models Elan 350 and Impression were launched in May, while Elan 210 was developed last year, and presented in January 2011. Model Elan 350 received a prestigious award European Yacht of the Year 2010 in the performance range. Elan already won this prestigious award in 2007 with Elan340 and in 2006 with Impression 344. In 2010 the marine division also started with production of parts for wind powers, for Siemens Wind Power. Root segments will be produced in 2011, as well. April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 16 PDP Posebna družba za podjetniško svetovanje, d. d. ELAN sport equipment division For over 60 years, Elan Inventa (Sport Equipment Division) has been producing and supplying top quality products and services for sports facilities. Elan Inventa has been one of the leading trademarks in the field of sports and leisure time activities in Slovenia as well as in the markets of former Yugoslavia. More than 2.500 sports facilities have been equipped with Elan's equipment and over the past years even more and more on competitive European markets. In 2010, Elan successfully equipped largest sports facility in Slovenia, Stožice Arena. Web site: www.elan-inventa.com Process of search for a strategic partner Elan has started the process to search a strategic partner investing in a share capital increase of the company in a level that is necessary to ensure the company’s future growth with new investments, and development of its brand. PwC was nominated as a financial advisor to lead the process. The tender will be published in May2011. For any additional information please contact: Mr. Luka Vesnaver Head of Corporate Finance, Adria Region PricewaterhouseCoopers, d.o.o. Phone.: +386 41 279 890 [email protected] April , 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 17 PDP Posebna družba za podjetniško svetovanje, d. d. ELEKTROOPTIKA General Information Year of Founding 2007 Foundation Founded by spin off of Fotona Reason/Purpose of Foundation Collection of old claims, that were spun off of Fotona Number of Employees 0 Results 2010 (in t EUR) Sales 0 EBITDA -59 EBIT -60 Net income -25.0 Total Assets 1,023 Equity 1,013 Debt (financial debt) 0 Sales (in t EUR) EBITDA (in t EUR) 3200 Company Elektrooptika has no operations. 1 -3 2007 April, 2011 5 2008 PDP, Posebna družba za podjetniško svetovanje, d.d. 0 -65 2009 0 -59 2010 slide: 18 PDP Posebna družba za podjetniško svetovanje, d. d. FOTONA General Information Year of Founding Industry Number of Employees Products: Results 2010 (in t EUR) Sales EBITDA EBIT Net income Total Assets Equity Debt (financial debt) Sales by markets 2010 ( in %) Europe Asia America Slovenia Other Sales by products/programs 2010 ( in %) Dermatology (Aesthetics) Dentistry Industrial Defense Other April , 2011 1964 Laser Technology 236 medical, industrial, industrial, defence and other laser systems 19,648 1,540 521 457 19,687 14,501 1,615 37% 37% 17% 4% 5% 57% 20% 2% 19% 2% Sales (in m EUR) EBITDA (in m EUR) 19,6 17,7 17,7 17,7 14,0 2,9 2006 2,4 2007 1,1 2008 PDP, Posebna družba za podjetniško svetovanje, d.d. 1,0 2009 1,5 2010 slide: 19 PDP Posebna družba za podjetniško svetovanje, d. d. FOTONA cont. cont. Fotona is one of the most successful companies, recognized as a world leader in the innovation, development and manufacture of laser systems. Since 1964, when Fotona was founded (only four years after the invention of laser), it has been a pioneering, technologybased company. Fotona is investing in outstanding research and development facilities in order to fulfil the market need for innovative solutions and maintain a short time-to-market. It is manufacturing and stringently testing all of the components for their systems ‘in-house’ thus ensuring that their laser systems are of the highest quality, reliability and durability in compliance with all applicable international standards. Web site: www.fotona.com April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 20 PDP Posebna družba za podjetniško svetovanje, d. d. FOTONA cont. cont. Fotona manufactures laser systems mainly for: medicine (dentistry, dermatology - aesthetics, gynaecology, surgery), defence program, industry. LigthWalker In the beginning of December 2010 Fotona introduced the first models of a new medicine platform called LightWalker. LightWalker is based on Fotona’s 45 years od experience in laser technology. The new system features the ultimate in conveniance and ergonomics. It has an easy-to-use color touch screen, interchangeable optics for the new titanium nadpieces, an automatic Nd:YAG handpiece detection system and a new, patented OPTOflex arm which allows complete range of motion. IDS 2011, the world's leading dental trade show, saw Fotona leading the way in the laser dentistry market with the launch of its latest laser system LightWalker. Web page: www.lightwalkerlaser.com Sales process: process: PDP plans to launch a sales process of its stake in Fotona in June 2011. April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 21 PDP Posebna družba za podjetniško svetovanje, d. d. NOVOLES General Information Year of Founding Industry Number of Employees Programs: 1945 Furniture Manufacturing 698 Residential furniture living rooms, bedrooms, children rooms, dining rooms, garden furniture, anterooms… Services engineering projects - interior furnishings for hotels, conference halls, restaurants, ships panels, boards Halfproducts Results 2010 (in t EUR) Sales EBITDA EBIT Net income Total Assets Equity Debt (financial debt) Sales by markets (%) 20,891 -1,744 -6,157 -7,088 EBITDA (in m EUR) 33,9 30,2 28,2 21,5 20,9 22,788 -2,745 14,815 Slovenia EU Countries 45.1% 39.5% Non EU Countries 15.4% April, 2011 Sales (in m EUR) 0,8 2006 1,7 2007 PDP, Posebna družba za podjetniško svetovanje, d.d. 0,8 2008 -1,0 2009 -1,7 2010 slide: 22 PDP Posebna družba za podjetniško svetovanje, d. d. NOVOLES Novoles Group consists of the following companies: Novoles d.d. (mother company Novoles – Primara d.o.o. (semi products) Pohištvo Brežice d.d. TP Intarzija d.o.o. (employment of disabled persons) Novoles has FSC (responsible management of the forests) and CARB (minimum content of formaldehyde in products) certificate for its products. Novoles product range comprises: Furniture (dining rooms, living rooms, bedrooms, children’s rooms, anterooms, offices, garden furniture and kitchen accessories); Semi products (plywood program, solid wood program, wood surface; Engineering projects (providing complete solution of interior fit-out and furnishing of public and individual objects such as hotels, restaurants, educational institutions, business buildings etc. Company is in a compulsory settlement procedure, seeking additional capital. Web site: http://www.novoles.si April 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 23 PDP Posebna družba za podjetniško svetovanje, d. d. PALOMA General Information Year of Founding 1873 Industry Paper producer (Houshold and hygenic p.) Number of Employees 853 Products Toilet paper Napkins Towels Hadnkerchiefs Away from home programme Results 2010 (in t EUR) Sales 86,046 EBITDA 2,297 EBIT -3,343 Net income -4,438 Total Assets 59,334 Equity 8,956 Debt (financial) 23,539 Sales (in m EUR) 88,3 86,2 EBITDA (in m EUR) 86,5 Results 2010 (Physical data) Paper production (in tons) 64,863 Prod. of hygienic paper articles (in tons) 63,859 April, 2011 2,7 2006 1,2 2007 PDP, Posebna družba za podjetniško svetovanje, d.d. 86,0 85,8 1,9 2008 10,1 2009 2,3 2010 slide: 24 PDP Posebna družba za podjetniško svetovanje, d. d. PALOMA cont. cont. Paloma is a significant and very successful regional tendering firm of high quality hygienic paper products with a leading brand name in the Adriatic and Central European region. It is a reliable supplier of commercial trade marks in South-Eastern, Eastern and Western Europe., Paloma is leading the Slovene market with a dominant position in toilet paper and napkins, and leading positions in tissues and kitchen towels. It is one of the top players in the hygienic tissues market in Croatia and Serbia. It exports mainly to the E.U., including Germany, Austria as biggest exports countries in Western Europe. Paloma fulfills the highest quality standards both in terms of local GMP as well as to EU-Standards. Furthermore, it operates a well positioned business policy in order to fully manage the requirements of international standards, accordingly. The annual paper processing capacity amounts to c.70,000t. Paloma is the No. 1 brand in terms of consumer recognition (toilet paper, kitchen towels) in Slovenia, No. 2 in Croatia in Serbia, and No. 3 in Bosnia. Furthermore, it is a well recognized trademark as well as private label manufacturer in Western Europe, especially in Germany and Austria. Process of capital increase Paloma has started the process of seeking a partner investing in a share capital increase of the company in a level that is necessary to improve the operational and financial position of the company, ensure the company’s future growth and development of its brand. Raiffesien Investment is leading the process. Currently, negotiations with the binding bidders are on going. April 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 25 PDP Posebna družba za podjetniško svetovanje, d. d. RIMSKE TERME General Information Year of Founding 2000 Industry Thermal Spa 9 Number of Employees Non operating company Project of Revitalization of Ancient Roman Thermal Spa in progress Planned Opening of Business (Thermal Spa Centre) Beginning of 2011 Results 2010 2010 (in t EUR) * Sales / EBITDA / EBIT / Net income / Total Assets 37,726 Equity 11,537 Debt (financial debt) / April, 2011 Sales (in t EUR) EBITDA (in t EUR) 230 87 6 -315 2007 PDP, Posebna družba za podjetniško svetovanje, d.d. -137 2008 -461 2009 slide: 26 PDP Posebna družba za podjetniško svetovanje, d. d. RIMSKE TERME The healing power of the thermal water from Rimske Toplice has a rich history dating back to ancient Roman times, when the ancient Romans built the first baths here. The Rimske terme Business Wellness SPA Resort will combine history and tradition with modern programs and equipment to offer its guests efficient health treatments and care. The thermal water and the air, with their healing effects, are bases of all programs. According to the balneological research, certified also by decision of Ministry of Health of Republic of Slovenia, the air and the thermal mineral water of the centre are natural medicines with healing effect for several types of diseases and injuries. Rimske terme is situated in Rimske Toplice (213 m), nearby Savinja river, where at the foot of hills Stražnik (648 m) and Kopitnik (910 m) thermal springs are located. Rimske terme is located only a few km from Laško and less than 20 km from Celje and connection to the highway The centre consists of the two renovated hotels, Sofijin dvor and Zdraviliški dvor, as well as the new central facility, Rimski dvor, and the beautiful park with exotic vegetation from all over the world. The surface area of the complex covers over 230,000 m2. The facilities feature 357 beds and 29,675 m2. Estimated investment value is 48,6 m EUR. April 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 27 PDP Posebna družba za podjetniško svetovanje, d. d. RIMSKE TERME cont. cont. After opening (official opening planned in May 2011), the centre will offer: Accommodation facilities, Restaurants and bars, Spa and Wellness services, Recreation program, Rehabilitation services, Congress tourism Process of finding a strategic partner Rimske terme and its owners started the process of finding a strategic partner, investing in a share capital increase of the company and/or buying ownership stakes from existing shareholders. PDP, d. d. has a lead mandate to find an investor. For any additional information please contact: Mr. Matej Golob Matzele Executive Director PDP, d. d. Phone :+ 386 1 47 46 883 Fax: + 386 1 47 46 881 [email protected] April, 2011 Mrs. Marjana Novak Director Rimske terme, d. o. o. Phone:+ 386 3 57 42 002 Fax:+ 386 3 73 46 312 [email protected] PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 28 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR cont. cont. General Information Year of Founding Industry 1919 Hand Tools Production Number of Employees 3.652 (Unior Group) Unior Group incorporates: • the parent company Unior d.d. • 20 affiliated companies • 9 associated companies Results 2010 (in t EUR) * Sales 125,464 EBITDA 11,332 EBIT 1,071 Net income -3,765 Total Assets 303,388 Equity 117,954 Debt (financial debt) 141,813 Sales by company's divisions/programs in 2009 Forge programme 40% Sinter programme 4% Hand tools programme 19% Machine tools programme 17% Tourism programme 17% Other 3% Products, built into automobiles' brands such as BMW, Audi, VW, Volvo, Renault, Peugeot and others Sales (in m EUR) EBITDA (in m EUR) 270,3 210,9 298,6 230,4 170,0 35,5 2005 33,1 2006 37,1 2007 36,2 2008 3,3 2009 Unior shares will be listed on the Ljubljana Stock Exchange by the end of May 2011. April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 29 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR - Tourism programme programme Unior tourism division operates two ski resorts (Rogla and Krvavec) and one spa resort (Zreče) under umbrella brand name UNITUR. Among the growing programmes of the company Unior is its Tourism programme, which has been developing since the 1970s on the foundation of natural resources found in Pohorje. The first tourist challenges were offered by Rogla, a mountain health resort and Olympic training and ski centre at 1,517 metres above sea level. The offer was complemented by the thermal health resort Terme Zrece. The mountain and thermal health resorts are located only 15 kilometres apart. ________________________________________________________________________________ SPA RESORT - ZREČE In Zreče, the development of tourism was prompted by the discovery of healing thermal springs underneath the ground. Terme Zreče health resort is placed at the top of quality Slovenian spas with its 1,600 m2 of pools with temperatures from 27 to 35 °C; its water and pearl springs and other water attractions; its Sauna Village with Finnish, steam, and infrared saunas; its heated ceramic beds; its resting places on the hayrack and its vitamin corner; its diverse choice of classic, Thai, shiatsu, and other massages; its centre for traditional therapy Sawaddee; its fitness centre; and many other attractions. Guests can choose between different hotel and apartment possibilities. Spa Terme Zreče operates two hotels - Hotel Dobrava (180 beds) and Hotel Vile Terme Zreče (160 beds). web site: www.terme-zrece.eu/en April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 30 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR - Tourism programme cont. cont. SKI RESORT - ROGLA At Rogla, 1,517 metres above sea level, the company Unior d.d. developed an alluring tourist attraction for all seasons. In the winter, guests can enjoy the well groomed skiing slopes with two chair lifts for four persons, 11 ski-lifts, and the possibility of making of artificial snow; these guarantee 100 days of skiing. In the summer, Rogla is a welcoming place for cycling enthusiasts, walkers, mushroom pickers, and people who like other forms of outdoor recreation. The excellent recreational facilities comprise the Olympic Centre, which is used by many of the world's best athletes for their physical and tactical preparations. Guests can choose between different hotel and apartment possibilities. Rogla operates three hotels Planja Hotel, Rogla Hotel, Brinje Hotel and apartments Bunglows Rogla & Gaber, Apartments Jurgovo Apt, Cottage Pesek. All facilities feature 540 beds. The Hotel Planja includes a Multipurpose Hall, a Snack Bar, Conference Rooms, a Gallery and a Children's Nook. Visitors to Rogla can relax and pamper themselves in a modern Wellness Centre, the “Land of Well-Being”, which includes saunas, an inner pool, a pool with whirlpools, a children's pool, various baths, and massages. The Hotel also includes a modern Medico Centre with a Pulmonology Clinic and Sports Hall with 2,200 m2 of surfaces. In this Hall one can play volleyball, basketball, tennis, table tennis, climb on the artificial climbing wall, play squash, or visit the Fitness Centre. The Sports Hall offers rental of their sports equipment. web site: www.rogla.eu/en/ April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 31 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR - Tourism programme cont. cont. SKI RESORT - KRVAVEC Krvavec – Slovenia`s best Ski Resort, situated in Municipality of Cerklje, is the closest Ski Resort to an international airport (Ljubljana – Brnik, 8km) in Europe. It is, in addition, a mere 25 km from Ljubljana and 35 km from Bled. The Ski Resort has 30km of well-maintained ski runs, approximately 100 hectares of maintained ski slopes, 1,450m – 1,971m above sea level, with capacity of 4,500 skiers per day, providing excellent conditions for skiing on natural and artificial snow. Due to the centre's favourable location, the skiing season usually starts as early as the end of November and may last over 150 days until early May. The resort guarantees 100 skiing days each season. The ski runs are varied and ideal for both recreational and professional skiers. The rich additional package includes a Ski School, rental and service of ski equipment, a polygon for beginners and a children’s playground, and thus attracts and delights beginners. A huge attraction at the Krvavec Ski Resort is the snow Hotel, the so-called Igloo Village. web site: http://www.rtc-krvavec.si/en/ April 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 32 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR - Forge programme It is the oldest among the programmes and it is the basis on which the present Unior developed. Various certificates, tests and excellence awards confirm the quality of their products. More than three quarters of this programme’s production are intended for the automotive industry, with other forged parts going to various other programmes and own production of hand tools. Their core business is comprised of the following product groups: • Connecting rods for personal car engines, • Forged parts for housings and parts of the steering mechanism, • Forged parts for own hand tools production, • Various forged parts for the needs of the automotive industry, • Processing of all types of forged parts for the needs of the automotive industry and other clients. Main customers Unior (exclusively) supplies the most demanding forged parts (high safety requirements) to top-quality manufacturers from the automotive industry. • 30 forging lines • monthly production of 1,800 tons of forged parts •the weight of each forged part ranges from 0.1 kg to 10 kg with the majority of forged parts weighing up to 2.5 kg (average weight of forged parts is 0.5 kg). Web site: http://www.unior-forging.com/ April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 33 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR - Sinter programme Main customers In 2008 it received the status of an independent program within Unior. The production of sintered parts places Unior in the group of more important suppliers of systems of car industry among which are for example ZF Leinksisyteme, BPW, Krupp Presta and Mitec. Their products are harmonized with the highest demands and standards of quality. They are built in into steering wheel components and gear mechanisms of automobiles' brands such as BMW, Audi, VW, Volvo and others. The main products of Sinter programme are: • parts of steering mechanisms for cars • metal parts of building hardware • slides, rotors and housings for oil pumps • self-lubricating slide bearings and bushes • SMC stators and rotors for electric motors • gears, sprocket wheels, pulleys, connecting roads and flanges •web site: http://www.unior.com/home-5 April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 34 PDP Posebna družba za podjetniško svetovanje, d. d. UNIOR - Special machines & Hand tools SPECIAL MACHINES PROGRAMME Unior d.d. gained a reputation as a mechanical engineering provider, developing and producing purpose specific CNC machines for serial processing. This was achieved through material cutting, offering CAD design, precise production processes, assembly, reliable maintenance and repair services as well as employing top experts. Its solutions include the most up-to-date methods in the industry in addition to recent findings in the field of material cutting. The Special machines programme is comprised of: Flexible processing cell FPZ 250 Flexible processing machines type UH 1,000 Flexible centre end facing machines Standard and special deep drilling machines Flexible rotary indexing table machines web site: http://www.unior-specialmachines.com/ ________________________________________________________________________________ HAND TOOLS PROGRAMME Unior is a synonym for reliable, high-quality, and functionally designed hand tools around the world. Due to its traditional quality, the Unior trademark is popular with both professional and amateur craftsmen. Unior hand tools are manufactured on the latest computer- controlled machines for thermal, mechanic and surface processing of materials and protection of the products. The Hand tools programme offers more than 3,000 different products. web site: www.unior.com/unior--hand-tools April, 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 35 PDP Posebna družba za podjetniško svetovanje, d. d. OUR TEAM Board of Directors: Mr. Borut Jamnik, President of the Board (Non Executive), Mr. Tomaž Kuntarič M. Sc. , Deputy President of the Board (Non Executive), Mrs. Metka Kandrič, Member of the Board & Executive Director Mr. Janez Prašnikar Ph. D., Member of the Board, Mr. Matej Golob Matzele – Member of the Board & Chief Executive Director. Other Members: April, 2011 Mr. Jože Bajuk, M. Sc. – Head of Legal Department, Mrs. Andreja Cencelj – Senior Investment Manager, Mr. Aleš Zupančič, CFA – Senior Investment Manager, Mr. Denis Marinšek – Investment Manager. PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 36 PDP Posebna družba za podjetniško svetovanje, d. d. PDP AS AN INVESTMENT OPPORTUNITY There are a lot of new investment opportunities on Slovene market for PDP, due to expected distressed sales, privatizations and capital increase needs; PDP seeks new capital to take part in new investments, focusing on companies in special situations, with great potential to increase their value; Potential investor can invest into PDP through a combination of capital increase and partial purchase of shares from existing shareholders of PDP. PDP. Potential investors are encouraged to contact one of the following PDP representatives: Mr. Matej Golob Matzele Chief Executive Director PDP, d. d. Phone.: +386 1 47 46 883 Fax: + 386 147 46 881 [email protected] April, 2011 Mr. Borut Jamnik Chairman of the Board of Directors PDP, d. d. Phone.: +386 1 47 46 702 Fax: + 386 147 46 881 [email protected] PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 37 PDP Posebna družba za podjetniško svetovanje, d. d. OUR CONTACTS PDP Dunajska cesta 119, SI-1000 Ljubljana, SLOVENIA Phone: + 386 1 47 46 883 Fax: + 386 1 47 46 881 E-mail: [email protected] April , 2011 PDP, Posebna družba za podjetniško svetovanje, d.d. slide: 38
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