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's activity report 2022

General overview

In 2022, the main activity of HT Motors Baltic OÜ was the import and sale, maintenance and repair of motor vehicles (ATVs, motorcycles, scooters, electric scooters, electric motorcycles), related accessories and spare parts. The trade name of the showrooms is Veltmotocenter, the website is www.veltmotocenter.ee; HT Motors Baltic OÜ is the official representative of motor vehicle brands Vespa, Piaggio, Aprilia, MotoGuzzi, Peugeot, Inokim, Velt Smart Scooter, Beta,

Sherco, Odes, CFMoto, SuperSoco, Doohan, Talaria, Stark Varg, Kaabo and Vsett. In addition, special driving equipment related to motor vehicles is offered. Another field of activity of HT Motors Baltic OÜ is liquid fuel radiant heaters and electric and gas patio heaters. Portable industrial cooling devices and after-sales service are also offered. The represented brands are Weltem, Hipers and Veltron. The sale of ceramic charcoal grills and gas and pellet grills has also grown successfully. The represented brands are

Kamado Joe, Bastard, Blacstone, Traeger and Sahara. The aforementioned product groups are sold on the company's websites www.soojuskiirgur.ee and www.grillikeskus.ee. The trade name is Grillikeskus

Soojuskiirgur.ee

The company has 2 showrooms, one in Tallinn and the other in Tartu.

2022 was economically more successful than expected compared to 2021, we increased both

ATV sales volumes, including Odes, as well as Aprilia and Vespa and electric scooter quantities. In 2022,

we created additional jobs in after-sales service and maintaining its quality is a priority. The Tartu branch expanded by 300m2, half of which was built into a completely new after-sales service part and the other part into a sales hall. In 2022, we were able to grow with the Odes Industry ATV brand throughout the Baltics.

Financial risks

In its daily activities, the company faces various risks, the management of which is important and an integral part of the company's business activities. The company's ability to identify, measure and control various risks is an important input to profitability.

The company's management has defined risk as a possible negative deviation from the expected financial result. The main risk factors are market risk (including interest rate risk, Euribor growth), liquidity risk and operational risk. Interest rate risk is primarily associated with high interest rates.

The impact of interest rate risk on the company is analyzed regularly. During the analysis, various options for hedging risks are considered. Such options include refinancing, existing