PDP PDP

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PDP PDP
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
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PDP
Posebna družba za
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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
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PDP
Posebna družba za
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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
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PDP
Posebna družba za
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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.
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PDP
Posebna družba za
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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.
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PDP
Posebna družba za
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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
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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.
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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.
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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
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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
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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
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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.
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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.
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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.
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