66 slides from Poznanska Korporacja Budowlana Pekabex Sa's investor presentation, June 2022
Slide 1: Investors meeting presentation June 2022
= Pekabex Investors meeting presentation June 2022
Slide 2: No.1 PLN 1 206 M PLN 1 505 M
No.1 2,726 266,456 PLN 1 206 M PLN 1 505 M PLN 84 M PLN 41 M PLN 137 M PLN 115 M PLN 300 M
Slide 3: Mission and vision
= Pekabex SAFE DEVELOPMENT MISSION We believe that prefabrication is the technology of the future in construction VISION We want to be top 5 in Europe to create new trends and build ecological, effective and beautiful buildings
Slide 4: Safe development
Safe development Learning and Internal processes Client Finance development Healthy organisation Market expansion Technical excellence Growth and diversification of sales - open communication and cooperation between - Foreign expansion in Scandinavia and Western departments in processes and projects
Slide 5: Pekabex values
= Pekabex Respect Honesty : Responsibilty Self-improvement Open communication Pekabex values
Slide 6: - net growth
- net growth +1,0 +0,5 +0,3 +1,2 +1,5 +0,7 +0,3 +0,3 +0,3 +0,2 +0,3 +0,2 +3,2 +1,9 +3,0 +2,2 +2,3 +1,3
Slide 7: Jan-11 Jan-12 Jan-13
58*** 30 10 -10 -30 -50 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan 20 Jan 21 Jan 22
Slide 8: The Group's three business lines
The Group's three business lines Comprehensive offer and competitive edge Three business lines of Pekabex Group: production of prefabricated elements, construction services and development projects complement each other and create a significant competitive advantage enabling Pekabex to offer complex
Slide 9: The Group's Three Business Lines
The Group's Three Business Lines = Pekabex Optimal possibility to taking advantage of economic situation Prefabrication Complex offer (including designing, production, transport, assembly) Customisation of provided offers Group offers wide range of services including both delivery only and complex r
Slide 10: Strategically located prefabrication plants
Prefabrication = Pekabex 6 strategically located plants guaranteeing customer satisfaction + 45000 m3p.a-structural + 18000mp.a.-structural 45000 m?p.a.-structural - 45000 m*p.a.-structural + 300000 m2p.a.-filigree + 30000 m3p.a.- structural elements elements elements elements slabs/ doublefi elemen
Slide 11: Products (by Type of Elements)
Products (by Type of Elements) Prefabrication is the practice of assembling components of a structure in a factory and transporting all assemblies to the construction site Pekabex produces traditional reinforced elements, as well as modern prestressed parts Reinforced and prestressed elements are ap
Slide 12: Benefits of prefabrication in housing
No scaffolding at the construction site (ready-made facade out of factory) No need for cutting into walls (fixtures installed before pouring concrete) No need for plastering (high surface accuracy) Immediate finishing work possible inside the object even in winter (rooms are closed and can b
Slide 13: Why Prefabrication?
Why Prefabication? Many benefits of applying prefabriction in housing market Production of prefabricated elements High quality - increased control of production conditions Durability - outsdanding performance in terms of accoustic, thermal insulation and high fire resistance Cost savings Eco-friendl
Slide 14: Used Resources and Environmental Protection
Used Resources and Rnvironmental Protection Pekabex is aware of a huge role of natural environment for every human being and future generations Management is committed to environmental protection and is taking steps to implement greener solutions Pekabex has implemented the Enviroment Protection Pol
Slide 15: Environmental measures and waste control
Pekabex controls waste at the assembly stage - even 100% of the materials used can be reused 90% of the steel purchased by the Group is obtained from processed material - only 10% comes from iron ores In 2020, Pekabex did not pay any significant fines and did not receive any significant non-fi
Slide 16: No. 1 in Prefabrication Technology
No. 1 in Prefabrication Technology In 2011-2021 Prefabex has delivered prefabricated structures to more than 1700 objects in Poland and abroad Pekabex Group is experienced and leading entity on Polish market
Slide 17: E-commerce demand and market conditions
Pandemic has accelerated the development of the e-commerce sector, which multiplied the demand for warehouse and storage space. Pekabex is meeting this demand and in the area of general contracting the Group cooperates with largest international logistic in Poland (Panattoni, MLP, Prologis). The hig
Slide 18: Comprehensive offer
Comprehensive offer Complex investments „under a new” Investments in the field of residential, commercial and industrial facilities with the use of modern technologies. The Group implements development projects in the general contracting formula and also builds apartments under the „Mieszkan
Slide 19: Development Segment
Development Segment = Pekabex Fast, accurate and time-efficient = Pekabex recognizes vast potential for prefabrication technology in residential = The average construction time of a residential building by the developer is sector and intends to intensify its activities in this area. Demand for modul
Slide 20: Development Projects
Development Projects = Pekabex Comprehensive offer combined with prefabrication technology = Project management addressed to final customer = Ability to complete more complex projects with potentially higher margins = Housing estate in prefabrication (modular building) technology = Implementation of
Slide 21: Development Projects
Development Projects Development projects gaining momentum as of 31.12.2021 apartments number _reservationnumbers ed omits Caer JasielskaPhase3 124 33 0 0 63% Apartamenty Origin Mechelinki 106 56 0 0 4T% Apartamenty55+ Mechelinki (SMS) 58 5 0 0 91% Casa Fiore 40 25 0 0 27% Apartamenty Casa Baia in H
Slide 22: Backlog
Backlog Strong, well-diversified backlog Backlog (in thous. PLN) 930731 5076 14 4590 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 sm contracts to be realized in following years = contracts to be realized in next year = contracts to be realized in current year = Pekabex Group sys
Slide 23: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability = Pekabex Steady and continuous growth Volume of production in 2003-2021 (’000 m3) Revenues (mPLN) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2011 2012, 2013-2014 2015 2016-2017, 20182019 20202021 EBITDA (
Slide 24: Revenue growth
Strong Balance Sheet & Financial Stability = Pekabex Revenue growth Revenues (in thous. PLN), sales gross margin EBITDA (in thous. PLN), EBITDA margins 89 454 84492 % 1504 862 ‘ % 44! 952327 55 % - 772 047 > The 2021 was a record period in terms of revenues. > Revenue from sales in 2021 2019 2020 20
Slide 25: Selected Financial Data by Segments
Selected Financial Data by Segments Revenues by segments Prefabrication contracts - segment revenue (in thous. PLN) and operation margin Construction services* - segment revenue (in thous. PLN) and operation margin 9,2% 2019 2020 2021 Development - segment revenue (in thous. PLN) and operation Produ
Slide 26: Selected Financial Data by Segments
Selected Financial Data by Segments Margins by segments Prefabrication contracts - segment profit (in thous. PLN) and gross margin Construction services - segment profit (in thous. PLN) and gross margin 92% 6% 1% 2019 2020 2021 2019 2020 2021 Developments - segment Others« - segment profit - profit
Slide 27: Well diversified revenue sources
Strong Balance Sheet & Financial Stability Well diversified revenue sources 2012 2013 Foreign sales of prefabrication segment (in m PLN) 2014 2015 2016 2017 2018 2019 2020 2021 = Pekabex Poland is a main market for Pekabex and was responsible for 70% of total revenue in 2021. The second most importa
Slide 28: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Fixed assets 452810 420445 338 184 246140 244181 259590 = U U 2015 2016 2017 2018 2019 2020 2021 Equity 405 622 361721 ges3sq 309270 237570 212222 179158 2015 2016 2017 2018 2019 2020 2021 In thous. PLN 31.12.2021
Slide 29: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Trade receivables 471940 254026 222391 238612 172592 141701 = L] | U Ul J 2015 2016 2017 2018 2019 2020 2021 Trade liabilities 462.456 252509 ao7re4o 248819 = Pe] 65147 =z 2015 La rl 2018 = 2019-2020 2021 = Pekabe
Slide 30: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Long term and current financial liabilities« Cash and cash equivalents 251 442 114648 106572 104797 191 346 95234 , 136 538 90 339 2018 2019 2020 2021 2018 2019 2020 2021 long-term financial liabilities = current
Slide 31: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX policy: = Investments that are related to automation and computerization = Improving production capacity and efficiency (new investments with the required rate of return of 20% - target: 30%) = Improving the quality of
Slide 32: 200000,0 180000,0 160000,0 140000,0 120000,0 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
200000,0 180000,0 160000,0 140000,0 120000,0 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
Slide 33: Stock market and ratios
Strong balance sheet & financial stability = Pekabex Stock market and ratios * Dividend payout corresponds to the generated profit and the Group’s financial situation and capital needs Dividends Financial year 2015 2016 2017 2018 2019 2020 © 2021* Dividend date 2016 2017 2018 2019 2020 2021 2022 Div
Slide 34: Appendix
Pekabex Appendix ®
Slide 35: Group and Shareholder Structure
Group and Shareholder Structure High transparency of the company’s structure Group structure = Pekabex Pekabex S.A. (Holding) | Pekabex Bet S.A. (100%) Realization of contracts (financing, coordination and production) Pekabex Pref S.A. (100%) Production, design, accounting, administrative and logist
Slide 36: Group structure - continuation
Group and Shareholder Structure High transparency of the company’s structure Group structure -continuation = Pekabex Pekabex Bet S.A. Pekabex Pref S.A. 100%) 100% Realization of contracts Production, design, (financing, coordinationand | | accounting, administrative production) and logistic services
Slide 37: Shareholder structure
Group and Shareholder Structure High transparency of the company’s structure Shareholder structure = Pekabex Total number of shares: 24 826 512 Opoka Il FIZ 40% Nationale- Nederlanden OFE 5% Fernik Holdings. Limited \Cantorelle Limited 8% 12% Number of votes at the General Meeting of Sherholders by
Slide 38: Management
Management Experience, knowledge and reliability = Pekabex Robert Jedrzejowski President of the Board of Pekabex S.A. He is a graduate of University of Maria Sklodowska- Curie in Lublin as a M.Sc. of law. Since 1994 he has a licence of stockbroker and since 2011 a licence of syndic. He has many year
Slide 39: Management
Management Experience, knowledge and reliability Christophe Carion President of the Board of CNP Sp. z0.0. Graduate of De Nayer Instituut (Belgium). In 2000 he has finished the studies as Master of Science Building Engineering. He started his career as a project engineer in Ergon NV, Belgium in year
Slide 40: Management
Management Experience, knowledge and reliability Leszek Legat Member of the Board of Kokoszki Prefabrykacja S.A. Graduate of the Gdarisk University of Technology at the Faculty of General Construction in the field of Technology and Organization in Construction. In the years 2006-2009 he worked at th
Slide 41: Selected Development Projects 2021
= Pekabex Selected Development Projects 2021
Slide 42: Development project Osiedlowa 43
= Pekabex Jozefoslaw | Warsaw Development project Osiedlowa 43 On October 29, 2019, the company Pekabex Development purchased for PLN 2 370 thous. plot in Jozefoslaw in connection with the planned implementation of another pilot project, consisting in the construction of 12 terraced houses. On Decem
Slide 43: Development project Casa Fiore
= Pekabex Hafciarska St. | Warsaw Development project Casa Fiore On June 3, 2020, the Group acquired a plot of land for another development investment in Warsaw. Design works and preparation of the investment for sale are currently in progress The Group estimates that as part of the investment, 40 i
Slide 44: Development project Mechelinki
= Pekabex Mechelinki | Gdynia Development project Mechelinki On June 29, 2020, Pekabex S.A. and Pekabex Development Sp. z 0.0. concluded with Origin Investments Sp. z 0.0. and Origin Gdynia 1 Sp. z0.0. ("Origin") an investment agreement for the joint implementation of the investment in Mechelinki co
Slide 45: Development project Casa Baia, Hel
= Pekabex Casa Baia | Hel Development project Hel On 30 April 2021, the Group acquired a plot of land located in Hel, at Zeromskiego Street. As part of the planned modern building will be constructed, which will comprise an estimated 51 holiday flats and 1 commercial unit commercial premises. The us
Slide 46: Development project Katedralna
= Pekabex Katedralna | Czestochowa Development project Katedralna For the purpose of realizing the investment, an investment agreement was signed on 15 March 2021 between Pekabex Development Sp. z 0.0. (Investor 1) and Investor 2, which is the owner of land properties located in Czestochowa at Kated
Slide 47: Selected realized contracts
= Pekabex Selected realized contracts Diversity
Slide 48: Railroad tunnel tubings, Lodz
Contract contains production and delivery of 29.900 pcs. of tubings for 2 railroad tunnels in Lodz.
Slide 49: Dabrowa Gornicza, SK Innovation
= Pekabex Dabrowa Gornicza SK Innovation Construction contains warehouse buildings ca. 40 thous. m?. Prefabrication contains 4 500 elements (columns, beams, solid walls).
Slide 50: Zory, Mokate
= Pekabex Zory Mokate Contract concerns development of the production and warehouse facility with a production building of the installation for the production of food concentrates with storage, technical and technological facilities as well as the necessary constructionequipment. Prefabrication cont
Slide 51: Goteborg and Malmo, Skanska
= Pekabex = Pekabex Goteborg Malmo Skanska Skanska Construction contains 6 residential buildings. Construction contains assembly of residential building. Prefabrication of parking hall contains ca. 3 834 elements (3-layer walls, solid - Prefabrication contains ca. 3 286 elements (19 045 m2 of HC sla
Slide 52: Goteborg, Prefabsystem Syd AB
= Pekabex Goteborg Prefabsystem Syd AB Construction contains 3 buildings: residential building, parking hall and kindergarten. Prefabrication of parking hall contains ca. 502 elements (3-layer walls, solid brick walls, columns, beams).
Slide 53: Poznan, Echo Investment
= Pekabex Poznan Echo Investment Construction contains 2 residential buildings: 5 800 m? floor useable area. Prefabrication contains 1 856 elements (3-layer walls, 2-layer walls, filigrees, solid walls, stairs, solid slabs, landings).
Slide 54: Bielsko-Biala, Panattoni
= Pekabex Bielsko-Biala Panattoni Construction contains warehouse - total area ca. 102 000 m2. Prefabrication contains ca. 2 725 elements (docks, columns, girders, roof beams). The contract is realized by general contracting department.
Slide 55: Bytow Drutex and Grodzisk Raben
= Pekabex Bytow Drutex - warehouse and office Construction contains warehouse and office building. Total floor area - almost 12 thous. m2. Prefabrication includes deliveryand assembly of 1200 elements (columns, beams, stairs, HC slabs, filgree slabs). The contract is realized by general contracting
Slide 56: Przyszowice BIMS and Poznan Prologis
= Pekabex = Pekabex Przyszowice Poznan BIMS Prologis Construction contains warehouse and office facility. Total floor Construction contains warehouse with walefare and office area - almost 10 600 m2. facility. Total floor area - almost 47 286 m2. Prefabrication contains 694 elements (columns, girder
Slide 57: Housing projects
PFR Nieruchomosci | Torun UM | Wloclawek Housing project Housing project
Slide 58: Housing and parking hall projects
TTS Development | Lublin MTP | Poznań Housing project Parking hall project
Slide 59: New key projects
= Pekabex New key projects a Contract Contract Date Contractor Description value (%) currency . The subject of the contract is the construction of a warehouse Decempar 7. ee at together with accompanying infrastructure located in Jaryszki 7% EUR in the Kurnik community December 23, The subject of th
Slide 60: New key projects
= Pekabex «Contract Contract Date Contractor Description value(%) currency New key projects The subject of the contract is the comprehensive execution of a "sub-key" together with obtaining the final permit foruse permit for a warehouse building with an admissible production CTP Invest Poland functi
Slide 61: Assets
ASSETS 31.12.2021 31.12.2020 Non-current assets Goodwill 25 239 17 331 Intangible assets 3 067 2 660 Property, plant and equipment 392 129 389 659 Investment properties 25 304 8 073 Investments in related parties 569 149 Investments in associates - - Receivables and loans 1 636 908 Derivative assets
Slide 62: Equity and liabilities
EQUITY AND LIABILITIES 31.12.2021 31.12.2020 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 826 24 826 Own shares (-) - - Share premium 25 245 25 245 Other capitals 38 (5 624) Retained earnings: 330 433 300 394 Shareholders’ equity attributable t
Slide 63: Income statement
Continued operations 01.01.2021 01.01.2020 - 31.12.2021 - 31.12.2020 Net sales 1 504 862 952 327 Costs of sales 1 310 733 785 374 Gross profit (loss) on sales 194 129 166 954 Selling expenses 84 723 60 621 Administrative expenses 52 657 37 917 Other operating revenues 4 888 9 599 Other operating exp
Slide 64: Cash-flow from operating activities
Cash-flow from operating activities 01.01.2021 - 31.12.2021 01.01.2020 - 31.12.2020 Net profit (loss) before tax 49 277 71 478 Adjustments for: Depreciation and impairment allowances of property, land and equipment 26 725 19 999 Adjustments for profits (losses) resulting from changes in the fair val
Slide 65: Cash flow from investing activities
Cash flow from investing activities 01.01.2020 - 31.12.2021 01.01.2020 - 31.12.2020 Purchase of intangible assets (2 079) (1 964) Sale of intangible assets - - Purchase of property, plant and equipment (17 518) (17 829) Sale of property, plant and equipment 229 151 Purchase of investment properties
Slide 66: Thank you
= Pekabex THANK YOU