IC Daily Trading Multiples Closing price 30 August 2021 Banks Change Fundemental Indicators Last availab. Mcap Last Price DVD (local FS (EUR m) (local) Day YTD 1Y ROE ROA Assets/Equity currency) DVD Yield P/E P/B Loans/ Deposits CB First Inv. Bank 2021-03 136.4 1.79 0.0% -2.7% -11.4% 4.0% 0.4% 9.4 0.00 0.0% 5.5x 0.22x 0.7x ZABA 2021-06 2,615.6 61.20 0.0% 12.9% 21.4% 5.1% 0.7% 7.4 0.00 0.0% 18.8x 0.95x 0.8x Banca Transilvania 2021-06 2,980.3 3.06 0.0% 35.8% 47.1% 16.0% 1.6% 10.3 0.12 3.8% 8.1x 1.31x 0.5x BRD Bank 2021-03 2,682.7 19.00 0.0% 27.9% 58.3% 9.6% 1.5% 6.6 0.07 0.4% 14.0x 1.34x 0.7x NLB Bank 2021-03 1,434.9 70.00 0.9% 52.8% 77.7% 14.7% 1.6% 9.1 1.24 1.8% 4.5x 0.66x 0.6x Construction Change Fundemental Indicators Last DVD availab. Mcap Last Price Assets Net debt/ (local DVD EBITDA EBIT EBT Profit EV/ EV/ FS (EUR m) (local) Day YTD 1Y ROE ROIC ROA D/E / Equity EBITDA currency) Yield margin margin margin margin EBITDA P/E P/B Sales P/CFO Dalekovod 2021-06 270.6 82.00 0.0% -86.5% -89.8% 47.7% 11.0% 3.5% 5.10 13.5 3.66x 0.00 0.0% 6.4% 4.1% 3.1% 2.4% 25.8x 59.6x 28.4x 1.7x -78.8x IGH 2021-06 10.2 124.50 3.8% -14.7% -17.5% 44.5% -36.5% -22.4% -2.26 -2.0 n.a. 0.00 0.0% -27.3% -38.0% -36.0% -30.1% -6.7x n.a. -0.7x 1.8x 8.0x Ingra 2021-06 19.4 10.70 -5.7% 30.5% 19.6% 32.1% 4.9% 10.9% 1.48 2.9 9,85x 0.00 0.0% 51.5% 52.3% 94.2% 114.0% 13.8x 1.8x 0.6x 35.6x -3.1x Tehnika 2021-03 4.5 177.00 -2.2% 26.4% -23.0% 11.3% -15.5% -5.2% -1.30 -2.2 11.83x 0.00 0.0% 11.8% -6.4% -12.5% -12.8% 13.7x n.a. -0.2x 3.1x 8.4x Diversified Change Fundemental Indicators Last DVD availab. Mcap Last Price Assets Net debt/ (local DVD EBITDA EBIT EBT Profit EV/ EV/ FS (EUR m) (local) Day YTD 1Y ROE ROIC ROA D/E / Equity EBITDA currency) Yield margin margin margin margin EBITDA P/E P/B Sales P/CFO Adris Grupa 2021-06 978.5 480.00 0.0% 10.1% 11.6% 1.4% 1.0% 0.6% 0.19 2.14 n.a. 0.00 0.0% N/A 2.9% 2.4% 2.8% N/A 114.6x 0.7x N/A 29.7x Podravka 2021-06 560.8 590.00 1.0% 21.6% 39.8% 8.2% 7.2% 5.7% 0.18 1.43 0.72x 9.00 1.5% 13.1% 8.2% 8.0% 6.5% 7.9x 14.7x 1.2x 1.0x 9.0x Petrol 2021-03 929.1 452.00 0.2% 39.1% 50.7% 9.2% 6.4% 4.4% 0.47 2.09 2.02x 22.00 4.9% 5.7% 3.2% 3.0% 2.5% 7.6x 12.5x 12.5x 1.1x 0.4x Energy Change Fundemental Indicators Last DVD availab. Mcap Last Price Assets Net debt/ (local DVD EBITDA EBIT EBT Profit EV/ EV/ FS (EUR m) (local) Day YTD 1Y ROE ROIC ROA D/E / Equity EBITDA currency) Yield margin margin margin margin EBITDA P/E P/B Sales P/CFO INA 2021-03 4,512.6 3,380.00 0.0% 20.7% 16.6% -3.1% -2.0% -1.4% 0.35 2.22 1.55x 62.27 1.8% 12.5% -2.1% -1.6% -1.9% 19.3x -116.6x 3.6x 2.5x 15.9x Nuclearelectrica 2021-03 1,835.7 30.05 0.0% 68.3% 78.2% 9.1% 7.0% 7.8% 0.06 1.16 -1.36x 1.57 5.2% 54.0% 32.2% 33.3% 28.1% 5.4x 12.9x 1.2x 2.9x 8.0x OMV Petrom 2021-03 5,279.0 0.46 0.0% 26.5% 28.1% 3.6% 3.3% 2.5% 0.06 1.42 -1.67x 0.03 6.7% 22.9% 7.2% 7.3% 6.5% 4.4x 21.5x 0.8x 1.0x 4.9x Romgaz 2021-03 2,588.6 33.15 0.0% 18.0% 12.4% 13.9% 13.3% 11.7% 0.00 1.18 -0.19x 1.79 5.4% 43.9% 31.8% 33.1% 28.9% 7.1x 11.1x 1.5x 3.1x 5.9x Food Change Fundemental Indicators Last DVD availab. Mcap Last Price Assets Net debt/ (local DVD EBITDA EBIT EBT Profit EV/ EV/ FS (EUR m) (local) Day YTD 1Y ROE ROIC ROA D/E / Equity EBITDA currency) Yield margin margin margin margin EBITDA P/E P/B Sales P/CFO Gradus 2021-03 181.7 1.46 0.0% 0.0% 1.4% 2.3% 2.3% 2.1% 0.05 1.10 0.24x 0.10 6.8% 11.7% 6.4% 6.1% 5.3% 21.6x 48.0x 1.1x 2.5x 14.5x Atlantic Grupa 2021-06 667.7 1500 0.0% 11.9% 20.0% 13.6% 10.3% 7.4% 0.32 1.85 0.68x 25.00 1.7% 14.0% 9.0% 8.7% 7.4% 7.1x 12.2x 1.7x 1.0x 8.2x Cakovecki Mlin. 2021-03 113.5 8100 0.0% 8.0% 27.6% 6.8% 4.3% 4.8% 0.13 1.42 -1.6x 0.00 0.0% 7.6% 2.6% 3.7% 3.0% 6.7x 20.7x 1.4x 0.6x 12.5x Kras 2021-06 142.4 750 0.0% 13.3% 24.2% 4.5% 3.9% 3.2% 0.18 1.43 0.87x 0.00 0.0% 10.8% 3.9% 3.6% 3.2% 10.1x 31.6x 1.4x 1.1x 16.4x Viro 2021-03 5.9 31.8 0.0% 0.0% -48.3% -15.6% 2.8% -8.6% 0.29 1.83 5.83x 0.00 0.0% 20.3% 15.4% -54.8% -54.9% 8.8x n.a. 0.2x 2.1x -0.4x Purcari 2021-06 61.2 15.1 0.0% 37.3% 31.3% 29.3% 15.6% 17.2% 0.33 1.71 0.51x 1.30 8.6% 29.7% 23.9% 34.8% 29.0% 5.3x 4.6x 1.4x 5.3x 7.1x Funds / REIT's Change Fundemental Indicators Last availab. Mcap Last Price DVD (local Disc. to FS (EUR m) (local) Day YTD 1Y ROE ROA Assets/ Equity currency) DVD Yield P/E P/B NAV per share NAV Fondul Proprietatea 2021-03 2,372.2 1.826 0.0% 36.4% 60.1% 23.53% 23.41% 1.01 0.06 3.5% 4.6x 1.1x 1.8 -0.5% Industrial Change Fundemental Indicators Last DVD availab. Mcap Last Price Assets Net debt/ (local DVD EBITDA EBIT EBT Profit EV/ EV/ FS (EUR m) (local) Day YTD 1Y ROE ROIC ROA D/E /Equity EBITDA currency) Yield margin margin margin margin EBITDA P/E P/B Sales P/CFO AD Plastik 2021-06 99.3 180.00 -1.1% 12.5% 33.3% 7.1% 4.6% 4.2% 0.44 1.71 1.78027 12.00 6.7% 13.4% 6.0% 6.5% 4.8% 6.1x 12.0x 0.9x 0.8x 5.4x Duro Dakovic 2021-03 4.4 3.27 20.7% -23.4% -21.8% 24.4% -10.8% -10.9% -2.22 -2.24 38,4x 0.00 0.0% 2.7% -8.3% -12.6% -12.6% 41.3x n.a. -0.2x 1.2x -1.0x Ericsson NT 2021-06 301.4 1,695.00 -0.3% 13.0% 33.5% 47.5% 34.0% 12.7% 0.29 3.74 -1.41x 82.00 4.8% 11.9% 8.6% 8.8% 7.7% 7.7x 14.0x 6.7x 0.9x 7.7x Koncar 2021-06 250.7 730.00 0.7% 25.9% 21.7% 5.8% 3.5% 3.8% 0.09 1.53 -1.76x 0.00 0.0% 7.9% 3.8% 4.7% 4.7% 6.5x 18.9x 0.7x 0.5x 15.1x Petrokemija 2021-03 348.2 47.40 0.0% -33.6% -37.6% 21.2% 15.1% 10.2% 0.27 2.08 -0.39x 0.00 0.0% 14.3% 8.8% 7.9% 7.9% 10.0x 18.7x 4.0x 1.5x 5.4x Viktor Lenac 2021-06 19.5 8.70 0.0% -8.4% -1.7% 8.2% 7.4% 5.9% 0.12 1.39 0,05x 0.00 0.0% 21.0% 10.4% 9.9% 8.4% 2.4x 5.8x 0.5x 0.6x 6.3x Cinkarna 2021-03 198.8 246.00 -0.4% 38.2% 48.2% 10.8% 11.0% 8.8% 0.00 1.22 -1.24x 11.00 4.5% 19.2% 13.3% 13.3% 11.1% 4.7x 10.2x 1.1x 0.9x 4.5x Infrastructure Change Fundemental Indicators Last DVD availab.