36 slides from Poznanska Korporacja Budowlana Pekabex Sa's investor presentation, May 6, 2025
Slide 1: Investors’ Presentation
Investors’ Presentation Poznan, May 2025
Slide 2: Safe Development: Mission and Vision
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 sustainable, effective and beautiful buildings 2
Slide 3: Key numbers in 2024
Key numbers in 2024 Solid fundamentals create basis for dynamic development #1 198 758 m3 PLN 1 713 m PLN 1 728 m Leading Polish Prefabricated elements Value of backlog as Revenues manufacturer produced of 31.12.20242 PLN 96 m PLN 41 m PLN 104 m PLN 203 m PLN 463 m www.pekabex.com | 01.02.2024 EBITD
Slide 4: Backlog: Strong, well-diversified backlog
Backlog* Strong, well-diversified backlog › Pekabex Group systematically builds significant and well-diversified backlog, which will fill the production in following years. It contains aggregated value of signed contracts (or planed Backlog (thous. PLN) on the budget in the case of development segme
Slide 5: Financial Stability
Financial Stability Strategic growth Revenues (mPLN) Volume of production ('000 m3) 1 678 1 728 266 1 505 1 566 264 204 206 199 175 182 952 886 140 144 772 623 505 71 77 328 351 EBITDA (mPLN) Net profit (mPLN) 139 128 96 69 89 84 67 82 58 51 52 55 41 41 48 34 30 36 38 23 21 26 24 30 16 17 EBITDA EBI
Slide 6: Financial Stability
Financial Stability Revenue and margins (thous. PLN, %) In 2024, the construction industry faced significant challenges, primarily Revenues* EBITDA, EBITDA margin* due to a limited number of contracts available on both the Polish and 1 677 945 1 728 162 European markets. This situation 1 566 237 exe
Slide 7: Selected Financial Data by Segments
Selected Financial Data by Segments Revenue, operating profit and margin by segments (thous. PLN, %) › In 2024, the Group’s revenues and financial results were mainly driven by Construction services* two segments: Prefabrication contracts Prefabrication contracts* and Construction Services, which 1
Slide 8: Revenue
Revenue Well diversified revenue sources (thous. PLN,%) › The share of foreign sales in the Group's total revenues in 2024 decreased and amounted to 22.7%, which is related to the general slowdown in European markets. Germany and Scandinavia (mainly Sweden and Denmark) remain two key markets for us.
Slide 9: Development Projects
Development Projects Development projects in progress › Residential buildings in Poznan (Łacina and Milczanska) and Warsaw area (Pruszków, number of apartments in the as of December 31st 2024 sold apartments3 Sold apartments % projects Ząbki, Casa Fiore II) will be launched for sale Mechelinki (buil
Slide 10: Development Projects: Financial Involvement
Development Projects Financial Involvment Inventory – Liability semi-finished Liabilities related Inventory – recognised in the Investment as of 31.12.2024 products and to the financing Escrow accounts Construction Stage Finished goods balance sheet in work in of investments relation to sales progre
Slide 11: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN) (thous. PLN) 31.12.2024 31.12.2023 31.12.2022 Fixed assets Fixed assets 457 375 506 300 460 718 Current assets, including: 997 764 1 014 640 864 192 457 375 506 300 452 810 460 718 Inventories 341 530
Slide 12: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN) › Significant increase in Finished Cash and equivalents Inventory goods (development investments) › Inventory transferred into contract valuation as of 31.12.2024 207 715 202 797 341 529 accounted for
Slide 13: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN, %) Financial liabilities* Working capital ** 400 371 509 226 306 870 462 623 261 816 340 126 207 404 194 029 66 418 › Working capital calculated as a trade receivables, cash and cash equivalents 140 9
Slide 14: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX breakdown 2017 2018 2019 2020 2021 2022 2023 2024 (thous. PLN) Land 0 5 946 76 2 953 52 1 914 0 462 CAPEX policy: Buildings 1 967 7 222 5 126 44 431 9 570 8 219 4 531 3 508 Investments that are related to automation
Slide 15: Stock market and ratios
Strong balance sheet & financial stability 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 2022 2023* 17,6% Dividend date 2016 2017 2018 2019 2020 2021 2022
Slide 16: Appendix
Appendix 16
Slide 17: Selected realized contracts: Prefabrication
Selected realized contracts PREFABRICATION www.pekabex.com | 01.02.2024
Slide 18: HMNR Mobis Plant Project and Hotel Project
Plant Project HMNR (Mobis PE System Plant Project – Slovakia) The concrete works for the main building of the Mobis PE System Plant in Novaky, Slovakia, have been successfully completed, with only minor finishing touches remaining. The project, delivered for Hyundai Engineering, includes a total of
Slide 19: Nowy Targ Galeria Podhalańska; Kraków CMKR Apartify
Retail Park Nowy Targ – Galeria Podhalańska The construction of Galeria Podhalańska for Bryjax Podhalańska is underway – a unique project that will change the face of the city. Galeria Podhalańska is not only about modern spaces but also a social centre that already arouses great interest. Once it’s
Slide 20: Gdansk Production hall
The Baltic Towers investment is characterized by an impressive built-up area of 430 m x 135 m, which gives a total of about Production hall 60,000 m². The hall reaches a height of 36 m, and its structure is based on girders with a span of 44 to 55 m. Whats is characteristic, is the 33.6 m high poles
Slide 21: Selected realized contracts: Construction Services
Selected realized contracts CONSTRUCTION SERVICES www.pekabex.com | 01.02.2024
Slide 22: Didactics Support Center; Nysa – IONWAY
Warehouse Nysa – IONWAY In the first half of 2024, the Group signed an agreement with IONWAY Poland Sp. z o.o. The subject of the contract is the construction of a production plant for electric battery components. The project is scheduled for completion in the second half of 2025.IONWAY is supported
Slide 23: Selected Development Projects
• SELECTED DEVELOPMENT PROJECTS
Slide 24: Development projects Częstochowa, Casa Baia, Osiedle Neonowe
Częstochowa The investment at Katedralna Street in Częstochowa consists of the construction of two multi- family buildings with premises services on the first floor and an underground garage. Project will be subject to BREEAM certification and will apply for the Barrier-Free Facility certificate fro
Slide 25: Development projects Origin Mechelinki, Ja_Sielska III and V
Mechelinki The investment in Mechelinki consists of an Origin health complex consisting of holiday apartments (106 apartments with a total area of 3,620 sq. m), units for active seniors (58 units with a total area of 1,925 sq. m), and a rehabilitation center ReVital Rehabilitation Center (with 63 ro
Slide 26: Aitel Seafood; Märsta Sherwin Williams Sweden
Warehouse Aitel Seafood In the second half of 2024, the Group signed a contract for the construction of a fish processing and storage facility with Aitel Seafood sp. z o.o. The latter investment will be developed with support from the National Recovery Plan (KPO). The facility will meet stringent "F
Slide 27: Development projects Jasielska V and Milczańska 18
Jasielska V Phase V of the project offers two elegant buildings with a total of 143 residential units. Within the JA_SIELSKA estate, residents can enjoy excellent recreational zones, including sun loungers and attractive playgrounds designed to provide children with a safe and joyful environment. To
Slide 28: Development projects Mira and Nowa Drewnicka
Ząbki The investments includes the construction of residential buildings in Ząbki. The investment project includes the construction of about 222 apartments along with surrounding infrastructure. The usable area of the land for the investment is around 12 000 sqm. Development project Mira Development
Slide 29: P.Homes
P.Homes The Group's latest residential construction solution is direct-to-consumer offering under a brand name „P.HOMES” - a system for building single-family houses using prefabrication technology. The technology used to build P.HOMES houses significantly exceeds the load-bearing and strength param
Slide 30: New key projects
New key projects* *Contract value Date Contractor Description Contract currency (%) The subject of the contract is the comprehensive execution of sanitary and HVAC installations (excluding the heating-cooling unit and transit pipelines for CT and WL) December 02, 2024 Polonez Sp. z o.o. together wit
Slide 31: Financial results: Statement of financial position
Financial results Consolidated Statement of financial position ASSETS 31.03.2024 31.03.2023 31.12.2023 Non-current assets Goodwill 25 239 25 239 25 239 Intangible assets 8 157 5 608 8 739 Property, plant and equipment 398 544 396 511 401 745 Investment properties 24 523 24 935 24 617 Investments in
Slide 32: Statement of financial position (cont.)
Financial results Consolidated Statement of financial position (cont.) EQUITY AND LIABILITIES 31.03.2024 31.03.2023 31.12.2023 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 826 24 826 24 826 Own shares (-) - - - Share premium 25 245 25 245 25 24
Slide 33: Consolidated profit and loss accounts
Financial results Consolidated profit and loss accounts 33
Slide 34: Consolidated cash flow statement
Financial results Consolidated cash flow statement 34
Slide 35: Consolidated cash flow statement (cont.)
Financial results Consolidated cash flow statement (cont.) 35
Slide 36: Thank you
THANK YOU