To: Bursa de Valori București S.A.
Autoritatea de Supraveghere Financiară
CURRENT REPORT 08/2022
According to Law nr. 24/2017 regarding issuers of financial instruments and market operations, ASF regulation nr. 5/2018 regarding the issuers of financial instruments and market operations and/or the Bucharest Stock Exchange Rulebook for Multilateral Trading System.
Date of report | 28.03.2022 |
Name of the Company | HOLDINGROCK1 S.A. |
Registered Office | 4 GARA HERASTRAU street, BUILDING A, |
Floor 3, Sector 2, Bucharest | |
Phone | +40 31 860 21 01 |
investors@rocaindustry.ro | |
Website | www.rocaindustry.ro |
Registration nr. with Trade Registry | J40/16918/2021 |
Fiscal Code | RO 44987869 |
Subscribed and paid share capital | 176,945,730 lei |
Total number of shares | 17,694,573 |
Symbol traded instruments | ROC1 |
Market where securities are traded | MTS AeRO Premium |
Important events to be reported: 2022 Revenue and expense budget estimate
The management of HOLDINGROCK1 S.A. (hereinafter referred to as the "Company") informs the market about availability of the Individual Revenue and Expense Budget for fiscal year 2022 and Consolidated Revenue and Expense Budget for 2022. Both budgets were approved by the Board of Directors of the Company and will be submitted for approval to the Annual Ordinary General Meeting of Shareholders, which will take place on 27.04.2022.
Individual Revenue and Expense Budget 2022
RON | |
Operating income | - |
Operating expenses | 6,479,027 |
Financial income | 9,073,111 |
Gross result | 2,592,002 |
Net result | 2,570,788 |
Number of shares | 17,694,573 |
Net earnings per share | 0.15 |
The individual Revenue and Expense Budget for 2022 is based on the following major objectives:
a) Financial income includes income from dividends, but also from interest on loans;
b) Significant amounts of operating expenses include:
i. Transaction Expenses - The growth model is not based on exits, but on consolidation. To increase returns, investments in new companies - where the situation allows - will
be made on the Leveraged Buyout model - LBO (as in the case of Sarcom), by combining equity with bank credit (debt). The above mentioned business plan involves two / three new transactions per year.
ii. BoD Salary costs & compensation - The Company builds a management team of 7 members who will be directly involved in the development and implementation of growth strategies for holding companies. The Board of Directors will consist of 5 members.
iii. PR & IR costs and marketing expenses - The marketing activities of the holding company are closely related to the relationship with investors, but also regular events with the management teams of the holding companies. During these events the Company will discuss results, vision, strategy, market.
The Consolidated Revenue and Expense Budget for fiscal year 2022 involves two new transactions per year (two new subsidiaries), whose turnover is on average 40,000,000 lei, with an EBITDA margin of 15%. In 2022, in addition to the two transactions provided, the transaction with Eco Euro Doors SRL is included, which is to be completed during the second quarter of 2022.
Consolidated Revenue and Expense Budget 2022
RON | |
Revenue | 375,017,623 |
EBITDA | 67,376,397 |
EBITDA margin | 18% |
Net profit | 37,648,382 |
Holding expenses | 6,479,027 |
Final net result | 31,169,355 |
The objective of the Company is that in 3 years of activity it will be able to carry out its activity through 10-12 complementary companies. As selection criteria, their profile will be entrepreneurial companies, with a turnover of over 8-10 million euro and an EBITDA margin of 15-20%.
Please note that the data presented above is a summary of individual budgets regardless of ownership and the moment the Company will enter the new companies.
Ioan-Adrian Bindea
President of the Board of Directors
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Holdingrock1 SA published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 08:34:10 UTC.