Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q3 2024 Earnings Presentation
15 slides from Grupa Kety Sa's earnings presentation, Oct 24, 2024
Slide 1: 3rd Quarter 2024 – Investor Presentation
3RD QUARTER 2024 – INVESTOR PRESENTATION DARIUSZ MAŃKO ROMAN PRZYBYLSKI RAFAŁ WARPECHOWSKI PRESIDENT OF THE VICE PRESIDENT OF THE BOARD MEMBER BOARD BOARD 24TH OCTOBER 2024
Slide 2: A good quarter in an increasingly difficult market
A GOOD QUARTER IN AN INCREASINGLY DIFFICULT MARKET (-) CONTINUING WEAK BUSINESS CONDITION INDICATORS - industrial production Poland (y/y), source: GUS, July +5,2%; August -1,5%; September – 0,3% - construction and assembly production Poland (y/y),source: GUS, July -1,3%, August -9,6%, September -9,0
Slide 3: Closing of the transaction of acquiring 100% of the shares of Selt
CLOSING OF THE TRANSACTION OF ACQUIRING 100% OF THE SHARES OF SELT TRANSACTION MARKET INTEGRATION • On September 2, 2024, the final • The European sun protection market • The aim of the project is to create a new agreement for the purchase of 100% is estimated at EUR 7.5 billion with Segment (SPS -
Slide 4: Consolidated financial results
CONSOLIDATED FINANCIAL RESULTS 4
Slide 5: Financial results reflect the state of the market
FINANCIAL RESULTS REFLECT THE STATE OF THE MARKET 3Q 3Q 1-3Q 1-3Q PLN million change change 2024 2023 2024 2023 • Sales revenues: Sales 1 355,4 1 312,1 +3% 3 895,7 4 023,5 -3% - higher aluminium prices in PLN (4% y/y) EBITDA 252,8 257,4 - strengthening of PLN against EUR (5% y/y) -2% 731,1 698,0 +5%
Slide 6: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT (PLN million) 3Q 2024 3Q 2023 change • Increase in volume to both external Volume sales (`000 t) 25,0 23,0 +9% customers and ASS Revenues 510,9 501,3 2% Domestic 264,0 241,7 9% • YoY revenue growth mainly due to volume growth and higher aluminium costs in PLN International
Slide 7: Aluminium Systems Segment
ALUMINIUM SYSTEMS SEGMENT (PLN million) 3Q 2024 3Q 2023 change • 6% increase in volume y/y allowed for an Revenues 677,6 639,6 6% increase in sales despite price reductions 411,6 391,2 5% from 3Q 2023 and 5% strengthening of PLN Domestic vs. EUR International 266,0 248,4 7% EBITDA 142,6 133,3 7% • Q
Slide 8: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT (PLN million) 3Q 2024 3Q 2023 change • 1% increase in volume in a difficult market Volume sales (`000 t) 22,1 21,8 +1% Revenues 297,8 287,0 4% • Sales growth – effective pricing policy despite a Domestic 138,7 147,4 -6% 5% strengthening of PLN vs. EUR and changes in assort
Slide 9: Implementation of investment projects in 3Q
IMPLEMENTATION OF INVESTMENT PROJECTS IN 3Q CAPEX* (PLN million) EPS PLN 17,4 million including: 150 last tranches of payments for the project of installing a 125 4000T press and building a warehouse, other projects, 99 99 88 including production tools and maintenance projects 100 56 75 50 41 25 0 3
Slide 10: Financial ratios
FINANCIAL RATIOS Debt maturity structure Debt currency structure Net debt (PLNm)* / net debt/EBITDA ratio short term 1500 1,6 PLN; 1,4 24% 1,4 74% 1,1 1,2 1200 0,9 1274 1,0 0,8 0,7 0,8 900 0,6 EUR; 931 0,4 25% 653 827 695 0,2 long term 600 0,0 76% Other; 1% 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 ne
Slide 11: Summary – Outlook for the 4th quarter
SUMMARY – OUTLOOK FOR THE 4TH QUARTER MARKET ENVIRONMENT EXECUTION OF THE ANNUAL FORECAST • WEAKING MARKET CONDITIONS IN THE AREA OF % of annual EXTRUDED PRODUCTS, STABLE IN OTHER SEGMENTS PLN million 1-3 Q 2024 • EXPECTED STABILIZATION OF ALUMINUM PRICES forecast WITH NO CLEAR SIGNS OF INCREASED DE
Slide 12: Additional information
ADDITIONAL INFORMATION 12
Slide 13: Main raw material prices
MAIN RAW MATERIAL PRICES Billet premium (USD/t), DDP North Germany 700 2600 620 600 500 400 300 200 100 Jul '23Aug '23Sep '23Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun' 24 Jul '24Aug '24Sep '24Oct '24 LDPE resin and PP resin ICIS spot low (EUR/t) • Increase in aluminum prices in Jul
Slide 14: Additional information
ADDITIONAL INFORMATION Volume sales (`000 t) 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 Extruded Products Segment 23,0 20,4 23,8 26,4 25,0 Flexible Packaging Segment 21,8 20,4 23,6 22,1 22,1 EBITDA by Segments (PLNm) 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 Extruded Products Segment 70,7 64,2 50,7 69,5
Slide 15: Legal Note
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undert