Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — FY2021 Earnings Presentation
29 slides from Polimex - Mostostal Sa's earnings presentation, April 2022
Slide 1: Polimex Mostostal Capital Group Financial Results for 2021
Date (Arial 20pt, dark gray) POLIMEX MOSTOSTAL CAPITAL GROUP FINANCIAL RESULTS FOR 2021
Slide 2: We Build the Future
WE BUILD THE FUTURE April 2022 WWW.POLIMEX-MOSTOSTAL.PL 1
Slide 3: Polimex Mostostal Capital Group
Polimex Mostostal Capital Group The company carries out specialized investments in Poland and abroad for the energy, petrochemical, gas and environmental protection industries. It is a producer and an exporter of steel structures and platform gratings. It also provides services in the galvanizing an
Slide 4: Segments of Polimex Mostostal Capital Group
Segments of Polimex Mostostal Capital Group Polimex Mostostal Capital Group consists companies operating in the following key sectors: POWER SECTOR OIL, GAS INDUSTRIAL PRODUCTION INFRASTRUCTURE EQUIPMENT AND SERVICE AND CHEMICAL CONSTRUCTION BASE April 2022 WWW.POLIMEX-MOSTOSTAL.PL 3
Slide 5: Business segments (1/2)
Business segments (1/2) Polimex Energetyka – our excellent industry expertise and knowledge of energy facilities allow us to comprehensively implement organizationally and technically challenging, highly complex turnkey projects in the power sector. We operate both in Poland and the EU providing ser
Slide 6: Business segments (2/2)
Business segments (2/2) Polimex Budownictwo and Polimex Infrastruktura – we offer comprehensive services in the segment of industrial and general construction in the formula of a General Contractor (GC). The Company’s offer is based on the following pillars: Industrial and cubature construction ▪ pr
Slide 7: Employment in companies of the Polimex Mostostal Capital Group
Employment in companies of the Polimex Mostostal Capital Group Numbers of employees Employment structure 5000 4947 + 243 person 4950 4900 4850 4800 4750 34% 4704 4700 66% 4650 4600 4550 31.12.2021 31.12.2020 worker positions Non-worker positions Work experience in the companies of the Polimex Mostos
Slide 8: Polimex Mostostal Capital Group – 2021 full year summary
Polimex Mostostal Capital Group – 2021 full year summary ▪ PLN 87 million net profit for the 2021 – an increase of PLN 24 (+38% r/r) ▪ PLN 2 304 million net of sales revenues in the 2021 r. – an increase of PLN 689 mln PLN (+43% r/r) ▪ Order backlog worth - PLN 5,3 billion ▪ New energy contract – Ec
Slide 9: Selected currently implemented projects
Selected currently implemented projects April 2022 WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Strategic coal project - Puławy
Strategic coal project - Puławy Puławy New coal power unit with the capacity of 100 MWe and 300 MWt in Grupa Azoty PUŁAWY ▪ Total net value of the contract: PLN 1 162 million. ▪ Net share of Polimex Mostostal and Polimex Energetyka - PLN 1 152 million ▪ Time frame for implementation: 10.2019 – 10.20
Slide 11: Strategic gas project - Dolna Odra
Strategic gas project - Dolna Odra Dolna Odra Two new gas and steam power units at Dolna Odra Power Plant Branch ▪ Total value of the contract PLN 3 650 million ▪ Net share of Polimex Mostostal PLN 1 517 million ▪ Time frame for implementation 02.2020 – 12.2023 Contractors: April April 2022 2022 WWW
Slide 12: Strategic gas project – EC Czechnica
Strategic gas project – EC Czechnica Siechnice Gas and steam power unit for ZEW KOGENERACJA S.A. ▪ Total value of the contract PLN 1 159 PLN netto ▪ Service contract value PLN 118 million ▪ Time frame for implementation 07.2021 – 04.2024 Contractors: April April 2022 2022 WWW.POLIMEX-MOSTOSTAL.PL 11
Slide 13: Order book and value of currently offered projects
Order book and value of currently offered projects April April 2022 2022 WWW.POLIMEX-MOSTOSTAL.PL 12
Slide 14: Polimex Mostostal Capital Group Order Book (in billion PLN)
Polimex Mostostal Capital Group Order Book (in billion PLN) 5,3 5,3 5,1 5,0 4,9 2020 2021 2021 2021 2021 DECEMBER MARCH JUNE SEPTEMBER DECEMBER Order portfolio after 2021 in million PLN POWER SECTOR OIL, GAS, PRODUCTION OTHERS CHEMICALS 3 266 549 764 722 April 2022 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Value of Currently Offered Projects in the Companies (gross)
Value of Currently Offered Projects in the Companies (gross) 11 000 10 500 10 000 9 000 8 000 7 010 7 000 6 000 5 000 4 000 3562 3384 3 000 2 000 1650 1472 1100 1100 1198 817 1 000 0 Company's Company's Szacowana Estimated value Company's Udział na Estimated Szacowanavalue Udział na Estimated Szacow
Slide 16: New project as from 01.01.2021 (net amounts in PLN)
New project as from 01.01.2021 (net amounts in PLN) ▪ Implementation on Turn-key basis of a Steam and Gas-Heat Power Plant for Kogeneracja S.A. in Siechnice, Poland (Contract amount: PLN 1 billion 159 mln plus PLN118 million service contract) Client: PGE Energia Ciepła (Poland) ▪ Extension of tram l
Slide 17: New project as from 01.01.2021 (net amounts in PLN)
New project as from 01.01.2021 (net amounts in PLN) ▪ Construction of a production hall with a social building and land development in the design and build convention in Rybnik for DB (Contract amount: PLN 36,3 million) Client: DB Cargo Polska (Poland) ▪ Service of Stora Enso paper machines in the y
Slide 18: Selected financial data for 2021 (in PLN million)
Selected financial data for 2021 (in PLN million) Polimex Mostostal Capital Group 2 500 2 304 140 180 164 100 128 87 90 +43% 120 +42% 160 +29% +38% 2 000 140 80 127 1 615 100 90 70 63 120 1 500 60 80 100 50 60 80 1 000 40 60 40 30 500 40 20 20 20 10 0 0 0 0 OPERATING PRZYCHODY INCOME OPERACYJNE ZYSK
Slide 19: Segments of the Capital Group in 2021 (in PLN million)
Segments of the Capital Group in 2021 r. (in PLN million) Segment Revenue EBITDA GK.PxM Income GK.PxM COMMENTS GK.PxM Segments 2021 vs 2020 Country/Abroad ▪ The highest sales revenues were 2021 vs 2020 generated in 2021 by Produkction nad 2021 vs 2020 Power Sector – 77% total, while for 2020 2 500 4
Slide 20: Financial flows and indebtedness of Capital Group 2021
Financial flows and indebtedness of Capital Group 2021 (in million PLN) Net debt* in relation to EBITDA LTM Net cash flow** 0 0% 1Q 2021 r. IH 2021 r. 3Q 2021 r. YE 2021 r. 600 -50% 516 -100 -100% 500 -200 -150% 389 -215 400 -300 -200% 301 300 -400 -170% -250% -300% -500 -453 200 -264% -350% -533 -6
Slide 21: Financial results compared with companies listed in WIG-BUD
Financial results of Polimex Mostostal Capital Group compared with the companies listed in WIG-BUD in billion PLN Comparative analysis to WIG-BUD listed companies 11,4% 12,0% 12,0 9,3% 10,0% 10,0 7,1% 8,0% 8,0 13,0 4,9% 6,0% 6,0 4,4% 3,8% 3,2% 4,0% 4,0 7,9 5,3 2,0 3,7 2,0% 3,4 3,1 1,1 1,2 2,3 1,7 2,
Slide 22: Strategic Goals of the Capital Group for 2022
Strategic Goals of the Capital Group for 2022 ▪ Maintaining the position of the EPC leader in the Power Sector with regards to large-scale energy investments on the Polish market based on our competences, our skilled personnel and our experience from the implemented projects, as well as from the pro
Slide 23: Technical Safety Leader
TECHNICAL SAFETY LEADER April April 2022 2022 WWW.POLIMEX-MOSTOSTAL.PL 22
Slide 24: Polimex Mostostal - Lider Bezpieczeństwa
Polimex Mostostal - Lider Bezpieczeństwa The primary goal of Polimex Mostostal Capital Group is to implement projects that fulfil the expectations of our Clients, while adhering to the highest international quality, environmental protection and occupational health and safety standards, with due rega
Slide 25: Domestic Market – Our Clients and Partners
Domestic Market – Our Clients and Partners Klienci Partnerzy April 2022 WWW.POLIMEX-MOSTOSTAL.PL 24
Slide 26: International Markets – Our Clients
International Markets – Our Clients April 2022 WWW.POLIMEX-MOSTOSTAL.PL 25
Slide 27: International Markets – Our Partners
International Markets – Our Partners April 2022 WWW.POLIMEX-MOSTOSTAL.PL 26
Slide 28: Polimex Mostostal Capital Group – Legal Disclaimer
Polimex Mostostal Capital Group – Legal Disclaimer This material is not part of, nor should be considered an offer or an incentive to purchase securities of Polimex Mostostal S.A. (the "Company"). The material should not constitute, in whole or in part, any grounds for, nor should it be referred to
Slide 29: Kontakt
KONTAKT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa Tel. +48 22 829 71 00 www.polimex-mostostal.pl April 2022 WWW.POLIMEX-MOSTOSTAL.PL 28