Survey Results Investor Relations Online

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Survey ResultsInvestor Relations Online

• Survey of Websites of the 43 Leading Croatian
  Companies

January 28, 2004
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Agenda

• Purpose of the survey
• Survey results
• Information needed by investors
• Comparison of Croatia to CEE countries
• Rankings and industry results
• Conclusions

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Purpose of the survey?

• Determine if companies provide appropriate
  information to potential investors
• Promote good Investor Relations and good
  investment climate in Croatia

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Investor Relations Online CroatiaSurvey Results

• Information needed by Investors
• Comparison with CEE
• Rankings and Industry Results

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Survey Results
We searched for information that potential
investors need

• Company history profile
• Share price
• News, contact information
• Financial performance

• Website
• English language
• Management
• Ownership structure
• Supervisory Board

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Websites
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English Language Website
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Investor Relations Page on Website
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Management
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Ownership Structure and Supervisory Board
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Company History and Profile
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Share Price
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News Contact Information
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Financial Performance
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Investor Relations Online Survey of Websites
of the 10 Largest Listed Companies in Eight New
Member States of the EUAugust 2004
Comparison of Croatia to CEE Countries
Czech Republic
Estonia
Hungary
Poland
Slovak Repulic
Slovenia
Lithuania
Latvia
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Comparison of Croatia to CEE Countries
Czech Republic
Estonia
Hungary
Latvia
Lithuania
Poland
Slovak Repulic
Slovenia
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Local Language Websites of the 10 Largest Listed
Companies in Eight New Member States of the EU,
2001-2004
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English-Language Websites of the 10 Largest
Listed Companies in Eight New Member States of
the EU, 2001-2004
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List of Management Available Online at the 10
Largest Listed Companies in Eight New Member
States of the EU, 2001-2004
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Additional Information on Management Available
Online
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List of Supervisory Board Members Available
Online at the 10 Largest Listed Companies in
Eight New Member States of the EU, 2001-2004
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Rankings and Industry Results
Average Score 22
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Rankings and Industry Results
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Conclusions

• Companies could make better use of their websites
  as an Investor Relations tool
• Investors are not getting the information they
  need on
• Management
• Supervisory board
• Ownership
• Financial performance

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Conclusions Comparison with CEE

• Croatia compares well with CEE countries in some
  regards (web sites, English language)
• Other results are similar to those of the CEE
  countries 2-3 years ago
• Experience shows that improvement can be expected
  as Croatia approaches EU

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Publication of Survey Results

• January 28, 2005, in Zagreb
• Conference for companies, institutional
  investors, and journalists
• Press release
• Printed publication
• Website of EWMI, www.ewmi.hu or
  www.pfsprogram.org
• Website of ZSEM, http//www.zsem.hr/projekti.html
  

Web Site survey and Corporate Social
Responsi-bility survey
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• Thank You.
• Leslie Matthews ulenta
• 385 98 355 258
• leslie.sulenta_at_zsem.hr