Slide 1: Financial Results in Q3 2022
FINANCIAL RESULTS IN Q3 2022 INVESTOR PRESENTATION DECEMBER 2022 2022-12-08
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer to sell any securities of Dekpol S.A. (The "Company"), in particular, it does not contain information about the securities and the terms of their purchase, and does not constitute an invitation to sell securities, submit offers for their purc
Slide 3: Dekpol Group
DEKPOL GROUP • specialization in construction of logistics, industrial and cubature facilities • short- and medium-term contracts (execution time 6 - 9 months)) • flexibility provided by unique resources: machinery park, own prefabricated products, construction teams Michał Skowron, CEO • extensive
Slide 4: Agenda
AGENDA 1. BUDOWNICTWO 2. DEWELOPER 3. STEEL 4. Financial results 5. Summary 4
Slide 5: Budownictwo
Slide 6: Financial Results
FINANCIAL RESULTS Revenues* (million of PLN) Operating profit EBIT (million) margin (%) +52% High level of revenues - 1 110 1 billion of PLN for the last 12 months 69,4 850 7,3% 7,0% 6,9% 6,8% 6,6% 6,3% 654 49,6 5,7% 45,3 5,0% 5,0% 6,1% 5,8% 487 29,7 351 301 21,9 243 17,5 19,3 194 190 216 13,6 10,8
Slide 7: Regional Development
REGIONAL DEVELOPMENT GO LIVE Local markets (go live: 01.06.2022) 01.06.2022 • 2 regions/3 offices/2 pricing centers • Local implementation teams (25) Strengthening of both central sales and marketing support teams fosters strong revenue growth: • sales and pricing department 2 regions 3 • External c
Slide 8: Outlook for 2022+
OUTLOOK FOR 2022+ Contracting (million of PLN) Limitation of bidding during the Net value of contracts (million of PLN) biggest price increases of 2Q 2021 and 1Q 2022 Remained for implementation (million of STRONG ORDERING PORTFOLIO PLN) 1404 1321 1300 1250 1204 GW projects structure 1034 (as at 30.
Slide 9: Deweloper
Slide 10: Deweloper – Financial Results
DEWELOPER – FINANCIAL RESULTS Revenues, recognition of a result Operating result Target verification Value (million of PLN) EBIT (million) margin (%) 450 PLN 190 million and Quantity 390 apartments (instead 45% of set in 1Q 22 1400 400 PLN 250 million and 540 apartments) 49,3 350 1200 22% 14% 287 17
Slide 11: Sales Dynamics
SALES DYNAMICS Contracting and the offer Offer (number of apartments offered for sale) Contracting (apartments sold by agreements) Target Dynamic expansion of the offer verification 2022 - starting in Q3 2020 320 apartments (instead of set in 1Q 2022 460 811 apartments) 185 738 746 746 713 715 713 4
Slide 12: Diversified Offer
DIVERSIFIED OFFER % of apartments sale from the offer – as at 30.09.2022 Puck Bay 746 lokali w ofercie Sobieszewska Island Pastelowe Neo Jasień Sol Marina Trimare, Sztutowo Osiedle Kociewskie 12
Slide 13: Investment Pipeline 2022-2025
INVESTMENT PIPELINE 2022-2025 favorable timing of planned implementations 13
Slide 14: Steel
Slide 15: Financial Results
FINANCIAL RESULTS Revenues* Operating result* (million of PLN) (million of PLN) 159,1 EBIT (million) margin (%) After record 1H revenues 13,5 Lower sales in 3Q 120,4 12,6 11,4 11,0% 14,0% 7,4% 10,0% 9,3% 12,6% 0,0% 90,7 12,7% 7,3% 10,5% 8,5% 80,2 6,6 5,8 52,4 4,2 4,3 46,0 3,5 2,8 36,1 2,1 30,0 29,0
Slide 16: Outlook for 2022+
OUTLOOK FOR 2022+ Transaction Price Data Sheet – MEPS EUROPE EUR /t Hot Rolled Coil Hot Rolled Plate Volatile steel market, due to the war in Ukraine, which accounted for about 50%- 2000 60% of Europe's steel shipments gradual normalization of Raw material sources: • sourcing wear-resistant steel -
Slide 17: Pipeline
PIPELINE Significant growth in orders from Q3 2020: Trend of orders (million of PLN) • acquisition of new customers(Hitachi, CNH, H1 2022 – record level of orders and 24 Steelwirst), and development of cooperation higher level of production capacity with new (e.g.: CASE) and existing partners 22 (e.
Slide 18: Diversification of Production – The Intek Plant
DIVERSIFICATION OF PRODUCTION – THE INTEK PLANT Utilization of the Intek plant for production outside the area of manufacturing of accessories for construction machines (large-scale trailers, offshore) 18
Slide 19: Diversification of Production – The Intek Plant
DIVERSIFICATION OF PRODUCTION – THE INTEK PLANT Utilization of the Intek plant for production outside the area of manufacturing of accessories for construction machines (large-scale trailers, offshore) 19
Slide 20: Diversification of Production – The Intek Plant
DIVERSIFICATION OF PRODUCTION – THE INTEK PLANT Utilization of the Intek plant for production outside the area of manufacturing of accessories for construction machines (large-scale trailers, offshore) 20
Slide 21: Financial Results of the Dekpol Group
FINANCIAL RESULTS OF THE DEKPOL GROUP
Slide 22: Revenues – Three Segments
REVENUES – THREE SEGMENTS Revenues (million of PLN) Revenues (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 527 1524 134 1256 210 363 1021 322 314 321 254 309 278 16 21,0 837 256 21 772 287 30 39 205 131 219 195 44 29 579 161 1 110 351 155 69 243 301 850 57 48 216 200 249 259 654 194 190 552
Slide 23: Operating Results – Three Segments
OPERATING RESULTS – THREE SEGMENTS EBIT (million of PLN) EBIT (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 129 113 51 81 28 71 49 35 33 42 24 48 15 26 21 18 12,8 52 21 2 23 15 10 19 12 13 70 1 30 1 13 6 22 50 11 10 8 19 7 17 4 36 30 45 17 14 11 22 11 8 11 21 23 8 10 4 4 4 7 6 8 11 6 13 14
Slide 24: Precast Products – Development of Production Capacities
PRECAST PRODUCTS – development of production capacities Acquisition as of 5th of August 2022 of 100% of shares in "Kombet Działdowo" Sp. z o. o. with its registered office in Komorniki KOMBET: • Production plant • land allowing expansion • Approx. 70 of qualified employees Manufacture and sale of co
Slide 25: Consolidated Net Result
CONSOLIDATED NET RESULT Net profit (million of PLN) Net profit(million of PLN) zysk netto znormalizowany 88 39,5 76 +26 16,3 one-off znormalizowy +20,3 25,2 20 zysk netto one-off 22,5 51 53 19,4 9,3 7 +24 13,9 12,4 one-off 11,1 61 7 56 8,1 8,3 7,5 15,4 27 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22
Slide 26: Cash Flows
CASH FLOWS Cash flows account Q1-3 2022 – selected items (million of PLN) Cash 1.01.22 190,3 Profit before tax 60,1 Operating cash flows: Increased demand on working capital due Change in inventories 138,5 to projects schedule - reduction in trade Change in receivables 98,6 receivables vs. 1H 2022 C
Slide 27: Stable Financial Position
STABLE FINANCIAL POSITION Net debt (million of PLN) at the end of the period and Bonds – term structure (million of PLN) 300 ND/EBITDA ttm 6 Net debt (million of PLN) Net debt/EBITDA Deweleper 250 250 242 5 Budownictwo DSA 72,1 217 219 213 214 209 202 200 4 60,2 182 180 4,1 173 50,0 10,0 35,0 150 3,
Slide 28: Summary and Outlook for 2022+
SUMMARY AND OUTLOOK FOR 2022+
Slide 29: Financial Ratios
FINANCIAL RATIOS Revenues EBITDA Net profit Market valuation (million of PLN) (million of PLN) (million of PLN) (03.10.2022) 997 89 Share price 25,70 PLN 729 70 Number of 8,4 mln shares 48* Capitalization 115 mln PLN 36 Net debt 202 mln PLN C/Z 2,4 (normalized C/Z) (3,5) EV/EBITDA 2,7 (normalized (3
Slide 30: Outlook for 2022+
OUTLOOK FOR 2022+ BUDOWNICTWO • high pipeline 3Q 2022 – PLN 1,3 billion - Intensification of commercial activities and regional development (Poznań, Silesia) • short project life cycle (6-8 months), careful bidding, short offer deadline (14 days> 7 • conservative contracting during sudden price incr
Slide 31: Thank you for your attention
Thank you for your attention INVESTOR RELATIONS: FINANCIAL COMMUNICATION: Agata.Dzieciolowska@ccgroup.pl Katarzyna.Sadowska@ccgroup.pl