Corporate Presentation
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
ELLAKTOR Presentation March 5Th, 2020 Table of Contents
ELLAKTOR Presentation March 5th, 2020 Table of contents 1 Executive summary 2 Business Overview 3 Capital Structure 4 9M 2019 Financials 1 1 Executive summary 2 Business Overview 3 Capital Structure 4 9M 2019 Financials 2 Executive Summary ELLAKTOR history 1950s-1990s 1990s-2000s 2000-2009 2010-2018 2018 - forward 1950s: Establishment of 1999: Led domestic 2007: Acquisition of TEB, ELLINIKI construction sector Pantechniki, leading to Industry TECHNODOMIKI and consolidation (Merger of controlling stake in Attiki consolidation AKTOR TEB, Elliniki Odos (59%) Technodomiki & AKTOR) 1996: Signed first 2003: Entry into concession projects environment segment Diversification (Attiki Odos and Rio- 2008: Signed 3 out of 5 of activities Antirrio Bridge) major concession projects awarded in Greece 2004: First international 2012: c. €600m of construction contracts in projects in the Balkans Romania and Kuwait Geographic 2014: €3.2bn Doha metro 2005: Internationalisation diversification project in Qatar of HELECTOR through acquisition of Herhof GmbH 2010-2012: Sale of gold 2018: Sale of Athens Resort assets Casino (€13.5 ml) Focus on core 2014: ELTECH ANEMOS 2018: Increased stake in IPO Attiki Odos by 6.5% competencies 2019: Sold Corporate Headquarters (€25.5 ml) and stake in Elpedison (€ 18 ml) 2015: 1st Waste PPP in July 2018: Newly elected Greece Board post 1st proxy fight in Renewed 2016: Moreas completed Greece opportunity / in full operation July 2019: Group 2017-18 :Olympia Odos rationalization / ELTECH & Maliakos completed ANEMOS absorption 4 The ELLAKTOR group led the construction sector consolidation in Greece H’ (Highest) grade construction companies in 1998 (€m) 7th grade(1) construction companies in 2018 (€m)(2) Thessaliki SA Etep SA Parnon SA Themeli SA Odon & Odostromaton SA Ekter SA INTRAKAT SA Gekat SA Europaiki Techniki SA I.G. -
AXIA Research
Greece Outlook 2019: The year of the elections AXIA Research Table of Contents Start of a new era ......................................................................................................... 3 Early elections or at the end of the government’s term? ....................................................................... 3 Unexciting economic performance, while fiscal space shrinks without pro-growth ........................................... 4 Elections is the key catalyst for the markets .................................................................................... 5 Top picks ......................................................................................................................... 5 2019, the year of the elections ......................................................................................... 6 The day after the Prespa Agreement ......................................................................................................................................... 6 Timing of elections: May vs. September/October ...................................................................................................................... 7 Looking at recent polls ............................................................................................................................................................... 9 Strategies by Syriza and ND ahead and after the elections ...................................................... 13 Syriza to try to close the gap with ND as is already regrouping -
Opening Ceremony in Athens Exchange for the Commencement of Trading Announcement of GEK TERNA Group Corporate Bond
Athens, 6 July 2020 Opening ceremony in Athens Exchange for the Commencement of Trading Announcement of GEK TERNA Group Corporate Bond Chairman and CEO of GEK TERNA Group, Mr. George Peristeris extends his gratitude Good morning. On behalf of GEK TERNA Group, I would like to express our warm thanks to all those who contributed to the truly great success of our bond issue, especially in this very special period. Let's not forget that this is the largest bond issue for the Greek market and the first after the public health crisis, which changed so many things in the lives of all of us. In this context, I would like to thank the competent authorities of the Stock Exchange and the Hellenic Capital Market Commission for the excellent cooperation, our Advisors and Underwriters for the valuable support they offered us, all our employees within the Group who have been working hard for fifty years to get us where we are today, our executives who gave their best for the success of the bond issue and of course and above all the thousands of investors, private as well as institutional ones, that once again showed in practice how much they trust us. We believe that this trust is our greatest success, the greatest reward and recognition for the hard work we put in every day and we are truly grateful that it is expressed over time. Thousands of people show their trust towards our Group by placing their savings and this is both fascinating and really moving. At the same time, however, it is for us a very big responsibility and a moral commitment for the future. -
Building the Future December 2020
Building the future December 2020 CONFIDENTIAL 1 Disclaimer This presentation including the information and opinions presented therein (‘Information’) is confidential and is not to be circulated to any person or entity without the prior written consent of Reggeborgh. References to Reggeborgh should be interpreted to include any of its affiliates or subsidiaries. The Information has been obtained or derived from sources believed by Reggeborgh to be reliable at the date of publication of this presentation. Reggeborgh’s opinions and estimates constitute Reggeborgh’s judgement and should be regarded as indicative, preliminary and for illustrative purposes only. In preparing this presentation, we have relied upon and assumed, without independent verification thereof, the accuracy and completeness of all Information available. The Information may be subject to change, and Reggeborgh assumes no undertaking to revise or amend the Information provided, or to provide any update in respect of any change related thereto. No representation or warranty express or implied, is or will be made in relation to, and no responsibility or liability is or will be accepted by Reggeborgh (or any of its respective directors, officers, employees, advisers, agents, representatives) as to or in relation to, the accuracy or completeness of this presentation or any further written or oral information made available to you or your advisers. Reggeborgh expressly disclaims any and all liability for loss which may be based on the Information contained in this presentation, errors therein or omissions there from. In particular, no representation or warranty is given as to the accuracy of any Information (financial or otherwise) contained herein, or as to the achievement or reasonableness of any forecasts, projections, management targets, prospects or returns. -
Annual Report 2020
Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● Annual Report 2020 Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● Copper Steel Pipes page 22 page 36 Aluminium Cables page 16 page 30 © Noble Energy © Noble Energy Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● Table of contents A. Viohalco 2 B. Message from the President of the Board of Directors 4 C. Business segments 6 D. Financial highlights 2020 10 E. Business segments review 16 F. Subsequent events 58 G. Risks and uncertainties 60 H. Non-financial information report 66 I. Corporate governance statement 80 J. Appendix – Alternative Performance Measures (APMs) 96 K. Consolidated financial statements 2020 and Auditor’s report 102 L. Declaration of responsible persons 194 M. Condensed statutory balance sheet and income statement 195 N. Glossary 198 Real Estate page 48 Steel R&D&I and page 42 Technology page 52 Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● A. Viohalco Viohalco S.A. (‘Viohalco’) is the Belgium-based holding company -
Competition & Regulation Report
C&RR, ISSUE 2018/ 5 Competition & Regulation Report N o v e m b e r – D e c e m b e r 2 0 1 8 BY VASSILIS KARAG IANNIS, DR. JURA, PARTN ER, PENNY VRETTA, LLM ASSOCIATE HIGHLIGHTS HCC fined companies FRISLANT CAMPINA HELLAS AE and GALAKTOKOMIKA MANDREKAS AE for forming cartel through horizontal agreement Commission clears the merger between Pizza Hut and Telepizza HCC was notified that OPAP A.E. is about to obtain control over GML Interactive Limited in cooperation with Deep Investment Ltd and Padian Ltd. Commission adopts prolongation of de minimis Regulation for services of general economic interest (SGEI) Commission approved public support for natural gas interconnector between Greece and Bulgaria Notification to the HCC of the acquisition of control over ETAIREIA PAROXIS AERIOY ATTIKIS AE and ETAIREIA DIANOMIS AERIOY ATTIKIS AE by DIMOSIA EPIXEIRISI AERIOY AE HCC approved the exclusive control of GEK TERNA AE on companies NEA ODOS AE and ODOS KENTRIKIS ELLADAS AE. SECTIONS Antitrust Electronic Communications & Post Mergers Pharmaceuticals State Aid Transport Energy News of the Markets © KLC Law Firm. The content of this Issue is designated only for general information purposes and should not be construed as legal advice in general or in any specific case neither as business or investment advice. Clients wishing to have legal advice on behalf of our Firm on a specific factual context should contact appropriately the Lawyers of the Firm. Editorial Antitrust proceedings and Access to file: Negotiated disclosure agreements & confidential rings Access to file in antitrust proceedings is essential for safeguarding the rights of defense of the accused undertakings. -
Gek Terna Societe Anonyme Holdings Real Estate Constructions
GEK TERNA SOCIETE ANONYME HOLDINGS REAL ESTATE CONSTRUCTIONS 85 Mesogeion Ave., 115 26 Athens Greece General Commercial Registry No. 253001000 (former S.A. Reg. No. 6044/06/Β/86/142) ANNUAL FINANCIAL REPORT for the period 1 January to 31 December 2017 In accordance with article 4 of L. 3556/2007 and the relevant executive Decisions by the Board of Directors of the Hellenic Capital Market Commission GEK TERNA GROUP Annual Financial Statements of the financial year 1 January 2017 - 31 December 2017 (Amounts in thousands Euro, unless otherwise stated) CONTENTS I. STATEMENTS BY MEMBERS OF THE BOARD OF DIRECTORS .............................................. 4 II. INDEPENDENT AUDITOR'S REPORT .................................................................................. 5 III. REPORT ON SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS .............................. 5 IV. ANNUAL REPORT OF THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR 2017 ............ 12 V. ANNUAL FINANCIAL STATEMENTS SEPARATE AND CONSOLIDATED OF 31 DECEMBER 2017 (1 JANUARY - 31 DECEMBER 2017) ........................................................................................ 51 STATEMENT OF FINANCIAL POSITION.................................................................................... 52 STATEMENT OF COMPREHENSIVE INCOME ........................................................................... 54 STATEMENT OF CASH FLOWS ................................................................................................ 56 STATEMENT OF CHANGES IN EQUITY ................................................................................... -
PRESS RELEASE Athens, June 11, 2021 MOTOR OIL – GEK TERNA
PRESS RELEASE Athens, June 11, 2021 MOTOR OIL – GEK TERNA Joint Venture The two Groups jointly proceed with a EUR 375 million energy investment project at the Komotini area The Groups of MOTOR OIL and GEK TERNA hereby announce their joint cooperation for the development, construction, and operation of a new modern Combined Cycle Gas Turbine (CCGT) power plant fueled with natural gas of 877 MW capacity located in the industrial area of Komotini. The EUR 375 million project is one of the largest investments in the Greek energy market set to create approximately 500 new job positions during the construction phase and 100 permanent job positions during the commercial operation of the plant. The main equipment to be used for the construction of the plant will be of the most advanced technology leading to peak performance. The construction of the power plant is scheduled to commence within the year 2021 and is expected to be commissioned for commercial operation early in the year 2024. TERNA will undertake the construction works of the plant. The two groups will participate with a 50% stake each in the joint scheme which will develop the power plant. The above agreement is subject to approval by the Competent Authorities. MOTOR OIL Group is a modern energy group with a leading role in the crude oil refining and marketing of petroleum products in Greece and the wider Eastern Mediterranean region. The Group has presence in the energy and natural gas supply sector through its subsidiary NRG Supply and Trading S.A. which is an integrated energy provider offering energy solutions to household, commercial and industrial customers. -
Press Release of Viohalco Sa
REGULATED INFORMATION INSIDE INFORMATION PRESS RELEASE OF VIOHALCO SA Brussels, March 10, 2021 The enclosed information constitutes regulated information as defined in the Belgian law of 2nd August 2002 and the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. Viohalco’s subsidiary, ElvalHalcor today submits its results for the year ended 31 December 2020 to the Athens Stock Exchange Highlights • Strong profitability with a-EBIDTA at EUR 136 mil • Robust and well-established presence across all markets • Completion of the investment and successful operation of the new four-stand Tandem hot rolling aluminium mill • Uninterrupted operations for all production facilities despite the Covid-19 pandemic 2020 was marked by the new coronavirus pandemic that affected and continues to test all countries at a global scale by affecting all aspects of human activity. All countries imposed restrictions in movement, which were called to confront a significant number of challenges. As a result, during the first half of 2020, rapid signs of a substantial slowdown of the global economy started to show at unprecedented levels. ElvalHalcor responded immediately by prioritising the health and safety of its employees, suppliers, customers and partners, taking measures that secure the unhindered operation of its production facilities with the least possible repercussions, supporting our society. Under these circumstances, ElvalHalcor's consolidated revenues presented a slight decrease by 0.8% for 2020 despite the 6.8% recession in the Eurozone reaching total sales of EUR 2,028.6 million, compared to EUR 2,044.6 million for the respective prior year. -
Chapter 15 Greece: Case Studies of a Mechanism for Company ‘Exit’ from a Crisis-Ridden Country
Chapter 15 Greece: case studies of a mechanism for company ‘exit’ from a crisis-ridden country Christos A. Ioannou 1. Introduction Since the onset of the financial crisis, there have been a number of prominent cases of companies ‘exiting’ Greece through an effective transfer of their registered headquarters to another country. These have been complex, multi-stage processes, particularly in the cases in which the companies were listed on the Athens stock exchange, thus engaging securities law as well as company law. This chapter analyses three of these cases, the relocation of the metals group Viohalco to Belgium, the dairy company FAGE to Luxembourg and the Coca-Cola Hellenic Bottling Company to Switzerland. The Cross-border Mergers Directive played a direct role in the first two cases, both of which involved forming a subsidiary in another Member State and then merging the parent company into that subsidiary. The third case used a similar mechanism, however, as the transfer was to a country outside of the EU (Switzerland), the Directive was not used specifically. Significantly, in all three cases the mergers were one component of ‘in- house’ restructurings rather than the joining together of truly independent companies. These three cases had very different impacts on labour and labour relations. The first case analysed – the merger of the metals group Viohalco SA Group into a Belgian listed holding in 2013 – was received positively by the trade union and the workers’ side. There were no direct negative implications for employment relations in the group of companies involved and affected by the Cross-border Mergers Directive. -
P R E S S R E L E A
P R E S S R E L E A S E November 25, 2016 TERNA ENERGY: Financing of its Investment Plan in the US TERNA ENERGY, member of GEK TERNA Group, signed a cooperation agreement with Copenhagen Infrastructure Partners (CIP) regarding the investment plan of TERNA ENERGY in the market of Renewable Energy Sources in the USA. The first phase of the agreement’s implementation concerns the 155.4MW Fluvanna I wind farm that TERNA ENERGY is currently constructing in Scurry County, Texas. CIP will contribute $61 million to cover part of the development cost. The total cost of the project is expected to be approximately $250 million. Goldman Sachs will, subject to satisfaction of certain conditions precedent, make an equity investment in a holding company that owns the project following the commencement of commercial operations of the project. Financing during construction will be covered, in part, through loans by a group of banks including [HSBC, NordLB, Morgan Stanley and Rabobank. Fluvanna I uses GAMESA wind turbines and is expected to commence commercial operations in Q4, 2017. It is reminded that TERNA ENERGY already operates a wind park of 138MW in Elmore County, Idaho, whereas it pursues additional investments in the US renewables market including the construction of another wind park (Fluvanna II, 130 MW), for the construction of which CIP has also expressed interest to invest in. The total installed capacity of TERNA ENERGY Group accounts for 738 MW. The Group has installations of 468 MW in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria. -
Asset Development Plan 31 January, 2017
Asset Development Plan 31 January, 2017 Table of Contents 1. Regional Airports ................................................................................................................................................................................................................. 3 2. Hellinikon ............................................................................................................................................................................................................................. 4 3. Afantou, Rhodes .................................................................................................................................................................................................................. 5 4. Hellenic Gas Transmission System Operator (DESFA) ......................................................................................................................................................... 6 5. Piraeus Port Authority (OLP) ................................................................................................................................................................................................ 7 6. Thessaloniki Port Authority S.A. (OLTH) .............................................................................................................................................................................. 8 7. 10 Port Authorities ..............................................................................................................................................................................................................