Mo-bruk S.a. · GPW:MBR
Mo-bruk — 1-3Q 2022 Earnings Presentation
18 slides from Mo-bruk's earnings presentation, November 2022
Slide 1: Results presentation 1-3Q 2022
mWIG40 index Results presentation 1-3Q 2022
Slide 2: Rafał Michalczuk – New Group CFO
Rafał Michalczuk – New Group CFO • Rafał has over 20 years of experience in financial audit, investment project evaluation, conducting M&A transactions in Poland and abroad and managing entities after acquisition in M&A transactions, ▪ He has extensive work experience in WSE listed companies, incl.
Slide 3: Three diversified business segments
Three diversified business segments Mo-BRUK operates in three complementary areas of waste management, with particular specialization in waste recovery. Incineration of Solidification industrial and stabilisation Production of Other activities and medical waste of waste RDF ▪ We produce energy We pr
Slide 4: Infrastructure and operational readiness for the expected increase in demand
Infrastructure and operational readiness for the expected increase in demand In the last decade, Mo-BRUK has spent nearly PLN 200 million on business development, building waste processing lines and developing proprietary technologies that have improved Location of plants efficiency and increased ca
Slide 5: Scale of operations
Scale of operations +x% % zmiana r/r EBITDA (PLN million) and EBITDA margin (%) Revenues (PLN million) 160 151.3 70,0% 300 +49.7% 60.7% 267.2 57.8% 140 55.3% 60,0% 250 56.6% 57.8% -13.0% +37.0% 120 114.8 198.7 103.1 50,0% 50.5% 200 178.5 172.8 100 43.1% 87.3 40,0% 150 130.6 80 56.3 30,0% 60 100 20,0
Slide 6: Processing of "ecological bombs"
Processing of "ecological bombs" Revenues from „ecological bombs” management (PLN million) 60 53.4 50 46.4 40 30 20 17.6 15.5 10 7.5 0 2019 2020 2021 1-3Q 2021 1-3Q 2022 PLN 11.8 million from „ecological bombs” in 3Q 2022 (PLN 13.1 million in 3Q 2021) 6
Slide 7: Business structure
Business structure Revenues by segments (PLN million) xx sum Volume of processed waste (thousand tonnes) 300 267.2 265 262.8 19.0 300 224.2 250 198.7 52.8 250 200 178.5 172.8 78.8 14.8 190.9 101.7 178.3 130.6 15.9 200 62.8 72.4 37.6 16.2 150 34.3 32.5 150 72.5 15.9 48.9 63.8 100 25.5 60.5 51.5 100 1
Slide 8: Development objectives for 2022-2024
Development objectives for 2022-2024 ADDITIONAL PRODUCTION CAPACITY (BY THE END OF 2024) + 78 % in incineration of industrial and medical waste segment ▪ for Karsy installation, the company has already obtained all administrative permits, ▪ the selection of suppliers of individual technological elem
Slide 9: Coal sludges recovery
Coal sludges recovery 1 mln m3 ▪ There are preparatory works ongoing in the settling tank for the coal sludges recovery, ▪ The administrative procedure to authorize the coal sludges recovery in underway, 4 mln m3 ▪ The initiation date for the coal sludge recovery is Q1 2023. 9
Slide 10: Cost discipline
Operating expenses Cost discipline 120 110.9 70% 61% 60% 100 90.2 83.9 47% 52.2% 50% 79.2 78.8 80 42% 40% 39.7% 60 1-3Q 1-3Q 30% Specification in PLN million 2019 2020 2021 2021 2022 40 20% 20 10% Total operating expenses 79.2 83.9 110.9 78.8 90.2 0 0% 2019 2020 2021 1-3Q 2021 1-3Q 2022 Change in pr
Slide 11: Business development with ESG aspects
Business development with ESG aspects ENVIRONMENT (E) The mission of Mo-BRUK is to provide all interested customers with waste disposal services of any type, with a guarantee of their further processing in accordance with environmental requirements. SOCIETY (S) Mo-BRUK is in constant dialogue with c
Slide 12: Legal disclaimers
Legal disclaimers This document has been prepared by Mo-BRUK S.A. ("Mo-BRUK") with registered office in Niecew 68, Korzenna 33-322, entered in the register of entrepreneurs of the National Court Register kept by the District Court for Kraków-Śródmieście in Kraków, 12th Economic Division of the Natio
Slide 13: MOBRUK in figures
MOBRUK in figures Mo-BRUK, thanks to its effective business model, remains the industry leader in processing industrial waste in Poland. Thanks to its investments in waste neutralization lines, PLN 267.2 PLN 151.3 the Company is able to utilize the vast majority million of waste types generated in P
Slide 14: Favourable market environment
Favourable market environment GROWTH FACTORS ▪ Reduction of landfill and implementation of Modes of municipal waste disposal in selected EU countries according to Eurostat (2019) a closed loop economy a key trend in EU waste management policy 100% 1% 1% 1% 1% 7% 5% 7% 90% 24% 32% 17% ▪ The reuse and
Slide 15: Increase in the marshal fee
Increase in the marshal fee Environmental fee (PLN) 285.6 276.21 270 2020 2021 2022 2023 ▪ The existing and newly created regulation drafts assume a systematic increase in the marshal fee, which landfills are obliged to pay for each ton of received waste ▪ As a consequence, it significantly contribu
Slide 16: Leader in the processing of waste from ecological bombs in Poland
Leader in the processing of waste from ecological bombs in Poland PLN 102,3 Over 800 PLN 15 billion million Locations with "ecological bombs" Estimated by the company Revenues from „ecological in Poland according to data of the value of the domestic market of bombs” Chief Inspectorate of "ecological
Slide 17: Profitability indicators
Profitability indicators Description 1-3Q 2021 1-3Q 2022 Return on assets (ROA)* 47.3% 45.4% Return on equity (ROE)* 63.0% 58.8% Algorithms for the calculation of indicators: Return on assets = net result for the last 12 months / total assets Return on equity (ROE) = net result for the last 12 month
Slide 18: Dividend - shareholders as beneficiaries of growth
Dividend - shareholders as beneficiaries of growth Dividend payments and share repurchases from 2018 (PLN million) 120 110.7 100 70.8 80 60 39.4 110.7 7.5 40 70.8 19.4 48.3 20 2.0 9.7 0 2018 2019 2020 2021 buy-back (PLN million) dividend relation to the profit for the financial year (PLN million) se