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Presentation in Copenhagen, 17.12.2014


Agenda

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• Short and sweet about DANICO Ltd.

• A short story in pictures about

the DANICO Ltd. journey

• Lessons learned during the

last 15 years


Short and sweet about DANICO Ltd.

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• We are a jointly Danish/Ukrainian owned company

• We are situated in Zhytomyr region, in the north-west of Ukraine.


Short and sweet about DANICO Ltd.

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• We started our buisiness in 1999 – today we want to present you to our 15 years of development and to some of the things that we have learned.

• We started our business as a traditional metal working company ”maskinfabrik” – but today we have diversified into other areas – such as bio heating and trading.

• We occupy close to 125 workers


But does it make sense – economically ?

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Turnover Дохід (виручка) від реалізації


YES - it does!!

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0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Equity payoff, year to date -…


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DANICO Ltd. anno 2014


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But it did not always look like that..


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We have spend quite some time in renovating building ....


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We have spend quite some time in renovating building ....


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And renovating more buildings..


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And sometimes we dressed up and meet ministers..


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…Princes and ambassadors..


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And we have been buying machines..


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A lot of machines..


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Just to be able to produce things..


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Just to be able to produce things..


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But we sell things too..


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•A few pictures from last week..


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And from yesterday..


Lessons learned …

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• Let’s start up in a positive tone;

– Ukraine has a very well educated workforce in many areas – metal working and IT is two to mention.

– Ukrainian salaries and start up costs are very competitive.

– Transport cost and -time is very competitive – when comparing outsourcing to other places.


Lessons learned …

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– Things take time – and in Ukraine its often takes even longer time.

– Work closely with your carefully chosen Ukrainian key employs – and keep them in the loop at all times. Keep in mind how you would run the company from Denmark, if being without them….

– Don’t pay – you will be asked again and again, but DON’T PAY!

– Work closely with IFU/IØ and or the Danish Embassy in Kiev – for DANICO Ltd. they have both been a deep well of knowledge and advises for us


Lessons learned …

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– All in all – for DANICO Ltd. we have had 15 fantastic years in Ukraine, we continue seeing lots of possibilities for the company, for our workers and their families. So we will just humbly continue our Danish/Ukrainian mission – the mixing of skills, hard work and trust in each other

– Thank you


..and the last slide…

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If you want to see more, have a look at;

www.danico.com.ua or facebook

www.facebook.com/danico.ukraine

The DANICO team wish all

of you luck in Ukraine!

http://www.danico.com.ua/

http://www.facebook.com/danico.ukraine

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