Slide 1: TORPOL Group – Summary of 9M of 2023
Conference of the Management Board of TORPOL S.A TORPOL Group – Summary of 9M of 2023 20 November 2023
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) is to provide information on the company Torpol SA with its office in Poznań (the Company) and TORPOL Capital Group (Torpol Group). This Presentation is for information purposes only and does not constitute or contain an offer to sell or invitation to subs
Slide 3: Agenda
Agenda TORPOL Group after 9M23 4 Financial results 11 Backlog of orders 14 Investment plan for 2023 15 TORPOL OIL&GAS 16 Challenges, current objectives and prospects 17 Appendices 18 3 | www.torpol.pl
Slide 4: TORPOL Group after 9 months of 2023
TORPOL Group after 9 months of 2023 673.1 3 009.6 83.9 420.5 MN PLN MN PLN MN PLN MN PLN NET SALES REVENUE BACKLOG (NET) EBITDA in CASH (-15.2% ytd) (-8.0% yoy) (+99.1% yoy) (-40.3% yoy) 96.8 65.6 65.0 61.1 MN PLN MN PLN MN PLN MN PLN GROSS PROFIT PROFIT ON SALES OPERATING PROFIT NET PROFIT ON SALES
Slide 5: Summary of the overall situation of the Group
Summary of the overall situation of the Group A good financial situation The company maintains a stable financial position. Despite the y-o-y decline profitability ratios remain strong: the gross profit margin was 14.4%, the EBITDA margin 12.5% and the net margin 9.1%. All financial covenants are ma
Slide 6: Summary of the overall situation of the Group
Summary of the overall situation of the Group The new National Railway Program (KPK – Krajowy Program Kolejowy) On 16 August 2023, the Council of Ministers adopted a resolution submitted by the Minister of Infrastructure on the establishment of the National Railway Program until 2030 (with an outloo
Slide 7: Torpol S.A. – Important developments in 2023
Torpol S.A. – Important developments in 2023 High bidding activity for new contracts During the reporting period, the Company participated in 27 proceedings, including 22 proceedings conducted by PKP PLK. Of the 27 proceedings, 8 were still announced in 2022 - the total value of bids submitted by TO
Slide 8: Torpol S.A. – Important developments in 2023
Torpol S.A. – Important developments in 2023 Signed contracts • 11 April 2023 • "Modernisation of railway infrastructure" for PMT Linie Kolejowe Sp. z o.o. (KGHM Group) with a net value of PLN 234.7 million, of which the Company has a net value of PLN 176.2 million. • 11 May 2023 • "Construction of
Slide 9: Other important developments in GK TORPOL
Other important developments in GK TORPOL Rail Baltica TORPOL is participating in a project to connect the capital cities of Lithuania, Latvia and Estonia with Warsaw and the rest of Europe by rail. The company, together with its partners, has qualified for the second stage of the tender procedure.
Slide 10: Other important developments in 2023
Other important developments in 2023 Centralny Port Komunikacyjny sp. z o.o. (CPK) On 24 January 2023, CPK and Towarzystwo Finansowe Silesia sp. z o.o. (TFS) entered into a preliminary agreement to sell all shares in the Company held by TFS, representing 38% of the total voting rights in the Company
Slide 11: The financial situation
The financial situation Consolidated income statement Data in PLN thousand 9M23 9M22 Change in %/pp The Group's net sales revenue fell by 8% year-on-year. and Sales revenue 673 067 731 839 -8,0% amounted to PLN 673.1 million, while the level of direct Cost of sales 576 234 582 487 -1,1% operating
Slide 12: The financial situation
The financial situation Consolidated balance sheet Data in PLN thousand 30/09/2023 31/12/2022 Change in %/pp At the end of September 2023, the Group's balance sheet total reached PLN 939.4 million, a decrease of 4% year-on-year in the Balance sheet total 939 429 978 486 -4,0% reporting period. The
Slide 13: The financial situation
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand 9M23 9M22 Change The balance of operating cash flow was negative at PLN-58.3 million, mainly due to changes in working capital dictated by the implementation of Net cash flows from operating
Slide 14: Backlog of orders
Backlog of orders BACKLOG (NET VALUE) 2023 2024 2025 2026 9.82 MN PLN Zadanie 2 Stacja Świnoujście 20.48 MN PLN DK 61 Legionowo – Zegrze Pd 44.9 MN PLN Zaleskie Łęgi Szczecin 41.4 MN PLN Łódź tramwaj Wojska Polskiego 135.71 MN PLN Stacja Olsztyn Główny 40 MN PLN Budowa dworca kolejowego Olsztyn Gł.
Slide 15: Investment plan
Investment plan The investment plan for 2023 In 9M23, capital expenditure amounted to PLN 17.9 million. The level of investment realisation mainly involved the continuation of the purchase of a track profiling Investments for 2023 (in PLN MN) machine for the production of ballast. The company has al
Slide 16: TORPOL OIL&GAS
TORPOL OIL&GAS TOG carries out orders mainly for Grupa ORLEN S.A., but also for Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., and Gas Transmission Operator (OGP) GAZ-SYSTEM S.A. In the first nine months of 2023, TOG participated in 16 proceedings in which it submitted bids with a total net value of a
Slide 17: Challenges and current objectives
Challenges and current objectives • Maintaining the Group's stable financial and liquidity position, above all in the form of a safety buffer to allow for the smooth operation in the market in the difficult year of 2023 and the equally challenging year of 2024, as well as for the planned intensifica
Slide 18: APPENDICES
APPENDICES
Slide 19: Consolidated financial indicators
Consolidated financial indicators 2,22 1,85 1,40 1,00 0,58 0,50 0,50 0,46 0,42 0,39 0,12 0,11 -1,81 -1,96 equity to assets ratio equity to fixed assets ratio debt ratio equity indebtedness short-term indebtedness long-term indebtedness net financial debt to EBIDTA 31.12.2022 30.09.2023 19 | www.torp
Slide 20: Profitability ratios for TORPOL Group
Profitability ratios for TORPOL Group 34,10% 20,41% 19,19% 16,61% 16,73% 14,39% 14,46% 13,95% 12,46% 11,33% 9,75% 9,66% 9,08% 6,37% Gross sales margin Profit margin on sales EBIDTA margin EBIT margin Net margin ROA ROE 30.09.2022 30.09.2023 The decrease in the individual profitability indicators is
Slide 21: Shareholder structure
Shareholder structure (based on the received notifications) 20 November 2023 Shareholder Number of shares (%) in capital 9.87% NN OFE CPK sp. z o.o. 8 728 600 38.00% 8.79% 38.00% PKO TFI NN OFE 2 266 962 9.87% CPK 5.10% PKO TFI 2 019 209 8.79% Mirbud Mirbud SA 1 170 722 5.10% Others 8 784 507 38.24%
Slide 22: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 9M23 Structure % 9M22 Structure % Change Change in % Sales of services 672 674 99,9% 730 172 99,8% -57 498 -7,9% Revenues from sales of goods and products 393 0,1% 1 667 0,2% -1 274 -76,4% Sales revenues 673 067 100,0% 731 839 100,0% -58
Slide 23: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/09/2023 Structure % 31/12/2022 Structure % Change Change % Fixed assets 211 046 22,5% 220 548 22,5% -9 502 -4,3% Tangible fixed assets 111 083 11,8% 98 628 10,1% 12 455 12,6% Right-of-use assets 54 085 5,8% 69 159 7,1% -15 074 -21,8%
Slide 24: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/09/2023 Structure % 31/12/2022 Structure % Change Change % Equity 468 639 49,9% 407 518 41,6% 61 121 15,0% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 345 078 36,7% 162 333 16,6% 182 745 112,6% Share premium 54 61
Slide 25: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group in PLN thousand 9M23 9M22 Change in PLN thousand 9M23 9M22 Change Cash flows from operating activity Cash flows from investing activity Gross profit/loss 77 697 132 631 -54 934 Sale of fixed tangible assets and intangibles 541 590 -49 Adjustments by items: -
Slide 26: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 9M23 Structure % 9M22 Structure % Change Change % Sales of services 542 638 99,9% 680 811 99,8% -138 173 -20,3% Revenues from sales of goods and products 386 0,1% 1 270 0,2% -884 -69,6% Sales revenues 543 024 100,0% 682 081 100,0% -139 057 -20,4%
Slide 27: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 30/09/2023 Structure % 31/12/2022 Structure % Change Change % Fixed assets 211 823 24,3% 221 820 25,4% -9 997 -4,5% Tangible fixed assets 108 547 12,5% 97 095 11,1% 11 452 11,8% Right-of-use assets 52 845 6,1% 67 508 7,7% -14 663 -21,7% Goodwill
Slide 28: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 30/09/2023 Structure % 31/12/2022 Structure % Change Change % Equity 467 600 53,7% 409 704 46,9% 57 896 14,1% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 344 983 39,6% 162 333 18,6% 182 650 112,5% Share premium 54 617 6,3% 54
Slide 29: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. in PLN thousand 9M23 9M22 Change in PLN thousand 9M23 9M22 Change Cash flows from investing activity Cash flows from operating activity Sale of fixed tangible assets and intangibles 541 590 -49 Gross profit 73 692 133 218 -59 526 Acquisition of property, plant and eq
Slide 30: TORPOL S.A. Investor Relations Contact
TORPOL S.A. ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl Investor Relations Contact Łukasz Sychowski Director of Social Communication Office tel. +48 61 87 82 793 fax +48 61 87 82 790 l.sychowski@torpol.pl | ri@torpol.pl 30 | www.torpol.pl