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CO NT 4 About us 5 Facts and figures ENT 7 Our timeline 9 Our vision 11 Our values 21 Our Divisions 53 Our assets 55 Our team 59 Our responsibility 65 Our awards 71 Our new face 72 Contact 3 AB OUT US MK Group is a synonym for 35 years of successful and sustainable business. The driving force behind our company is not only our team of 7000 employees, but also tens of thousands of business associates. Thanks to corporate governance based on a stable cooperation with all the relevant partners, the company has become a leader in three key areas of business over the years: agriculture, tourism and banking. For almost four decades of successful work, the company has expanded its operations across Southeast Europe, with a special emphasis on four countries in the region: Serbia, Slovenia, Croatia and Montenegro. All these markets today clearly recognize that MK Group’s goal is not only to create good financial results but also to develop all 123 communities in which we operate. Speaking of community improvement, above all we take care of our people, our associates, institutions and society as a whole. Our company has a clear and recognizable vision. This is a story about who we are, what we do and what more we can do... Welcome to MK Group! 4 FACTS AND FIG 5 URES Total investments € 1,000,000,000 The number of local communities in which we operate 123 Number of indirect employees 200,000 Number of subcontractors 30,000 Annual export value € 300,000,000 Taxes and contributions paid € 109,000,000 Total revenue € 600,000,000 500 socially responsible activities were realized in the last 5 years and € 4,000,000 were invested 6 Acquisition of 43% share in AIK Bank OUR 2014 EBRD recapitalizes TIME 6.14% of Argi Europe Cyprus, parent company of MK 2013 Group, for a total price of LINE € 50,000,000 Agroglobe became part 2013 Miodrag Kostić, President of MK Trading of MK Group, established division 1983 his first company Two companies for the Establishment of production and trade of the broker company Establishment of 1995 grain products, Granexport M&V Investments the company MK and Žito Bačka, become 1990 Commerce, a member 2007 part of MK Group of MK Group Four sugar 2006 factories Pećinci, Kovačica, Vrbas 2002 and Bač became MK Group invests in part of MK Group agriculture in Ukraine by taking over 6 agricultural companies 2005 2008 Establishment of the company Sunoko, member of MK Group, as 2005 MK Commerce grew into MK a joint venture with Nordzucker, Group the third largest sugar producer in Acquisition of 6 agricultural Europe companies: Panonija, Agrounija, Labudnjača, Djuro Strugar, Elan and Selekcija 7 Acquisition of 43% share in AIK Bank Expansion of hotel business by 2016 taking over the Kempinski Palace Acquisition of one of Hotel in Portorož, Slovenia the largest agricultural companies in Serbia, Acquisition of the sugar factory 2016 PIK Bečej 2015 TE-TO Senta, which resulted in an increase in MK Group’s market share of the Serbian sugar market from 50% to 70% The Serbian branch AIK Bank 2015 of Alpha Bank 2016 acquisition becomes part of AIK 2017 of 13.9% of Acquisition of a majority Bank Gorenjska Bank in stake in AIK Bank Slovenia Sale of agricultural business in Ukraine 2017 2017 The parent company Acquisition of Carnex, Agri Europe Cyprus 2011 a regional company for purchased shares meat production and owned by the EBRD Acquisition of the processing luxury hotel complex 2017 Skiper Resort in Savudrija, Croatia Acquisition of 15% Opening of the 2017 MK Group bought 51% share in the hotel 2010 of Sunoko shares and first Sheraton Hotel in Serbia 2018 complex Budvanska became 100% owner Riviera, Montenegro 2018 2019 Hotel Grand and Konaci 2009 Sunčani Vrhovi, Kopaonik, AIK Bank Acquisition of AIK Bank became part of MK Group 33% share in Gorenjska acquisition of Bank and majority voting 100% of Gorenjska rights 2018 Bank in Slovenia MK Commerce grew into MK Acquisition of a majority Group stake in Portorož Airport 8 OUR VI SI ON 9 We create and implement the latest sustainable business models, elevate standards in key aspects of our business: agriculture, tourism and banking. All that with one goal in mind – to become the leader in Southeast Europe. 10 OUR VA LU ES 11 Led by its values and smart decisions, MK Group turns its vision into growth for business, people and our whole society. Our values are reliability, team spirit, innovation and responsibility. 12 RELI ABIL ITY 13 We are a reliable and stable support for our employees, partners and society in general. 14 TEAM SPI RIT 15 We make smart decisions together. 16 INNO VATI ON 17 INNO VATI ON We implement high end sustainable business models, thus raising business standards. 18 RE SPON SIBILI TY 19 Our business operations enable sustainable growth and community development. 20 OUR DIVI SIONS 21 We have divested all the divisions under the umbrella of our key values. 22 VIS ION FOR GRO WTH 23 The following divisions operate within the agricultural segment: 24 VIS ION FOR SYN ERGY 25 The following companies operate within this division: Agrounija, established in 2003 PIK Bečej, established in 1959 PD Vojvodina, established in 1958 Carnex Agrar, established in 1958 Victoria Oil, established in 1978 Soja Protein, established in 1978 26 KEY ACTIVITIES: Crop production With our subcontractors we process 265,000 ha, out of which 22,500 ha are in our possession. Apple orchard, production and storage of fruit The apple orchard covers 84 ha. Production and processing of vegetables Annual sales of 16,000 t of frozen and preserved vegetables under the Flora brand. Cattle breeding The total annual production of milk is 12,000,000 l, of which 70% is extra-class milk. Fish breeding The fish breeding facility covers655 ha. Viticulture and wine production Storage capacities 3,000,000 l. Soya processing Annually we produce 265,000 tons of NON-GMO soybeans. Number of Production of crude and refined oils employees The processing capacity is 220,000 t of sunflower 1000 oil per year. Annually, 70,000,000 bottles of oil are produced. 27 Financial indicators Total investments at Annual field crop 2018 in 000 EUR Division level amount to production amounts to Income 65,952 € 130,000,000 400,000 t – 700,000 t EBITDA 13,762 28 VIS ION FOR COO PERA 29 TION The following companies operate within this division: Silosi Miloševo, established in 2008 Agrobrest, established in 2008 Agroglobe, established in 2004 Agrium, established in 2001 Granexport, established in 1952 Žito Bačka, established in 1916 Animal feed factory, Spuž established in 1968 Nikšićki mlin, established in 1951 30 KEY ACTIVITIES: Provision of raw materials for agricultural production Securing 670,000 t of storage capacity Milling Annual production of wheat flour capacity 150,000 t. Annual production of corn flour capacity 36,000 t. Number of Trade with the following employees products: 650 Cereals Oilseeds Sugar beet Fungi and pesticides Seeds Import and distribution of New Holland agricultural machinery and spare parts 31 Financial indicators 2018 Total investments in 000 EUR at Division level Income 364,151 amount to EBITDA 14,858 € 60,000,000 Annual turnover at 70 buy-out places Division level amounts to every 25km 1,600,000 t of goods throughout Vojvodina 32 VIS ION FOR QUA 33 LITY Carnex is a market leader in the meat industry in Serbia, and a regional brand in the production of meat products, with a 60-year-long tradition of successful business. This company applies the highest world standards to its entire production process, which is fully vertically integrated - the “from field to table” principle. 34 KEY ACTIVITIES: Animal feed production Annual production capacity is 100,000 t. Pig farms Annual production capacity is 160,000 pigs, or 16,000 t on 5 farms. Meat production Annual production capacity 45,000 t meat and meat products. Number of Financial indicators employees 2018 in 000 EUR 1000 Income 63,778 EBITDA 7,160 35 Financial indicators Total investments 150 different meat products in 5 2018 in 000 EUR at Division level categories: Income 63,778 € 70,000,000 Sterilized cans - pâtés EBITDA 7,160 Semi-durable sausages - wieners, delicatessen, salami, hams Ready-made dishes Fermented products - smoked products, bacon Fresh meat - pork carcass sides 36 VIS ION FOR ENJOY MENT 37 Sunoko is the regional leader in sugar production, and one of the most efficient factories for sugar beet production in Europe. Compared to the largest sugar producers in Europe, Sunoko has the highest EBITDA margin, which points to an optimized production process and lower costs compared to competitors. 38 Number of THE FOLLOWING PRODUCTION employees: CENTRES OPERATE WITHIN 500 employed for an SUNOKO: indefinite period and 300 seasonal workers Pećinci, established in 1976 Daily sugar beet processing capacity is 8,000 t. Vrbas, founded in 1912 Daily sugar beet processing capacity is 7.500 t. Kovačica, established in 1975 Daily sugar beet processing capacity is 7,000 t. 39 Financial indicators 2018 Total investments at in 000 EUR Division level amount to Income 157,588 € 210,000,000 EBITDA 21,877 Annual production program includes Annual processing of 400,000 t of sugar more than 2,700,000 t 135,000 t of molasses of sugar beet 120,000 t of sugar beet pulp 40 VIS ION FOR HOS PITA LITY 41 The Tourism Division and Real Estate management includes 14 hotels in Serbia, Slovenia, Croatia and Montenegro, Portorož airport and golf courses in Savudrija.