Slide 1: TORPOL Group – Summary of 3Q 2022
Conference of the Management Board of TORPOL S.A. TORPOL Group – Summary of 3Q 2022 21 November 2022
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 three quarters of 2022 4 Financial results 8 Backlog of orders 11 Investment plan for 2022 13 Torpol Oil & Gas 14 Challenges, current objectives and prospects 15 Appendices 16 3 | www.torpol.pl
Slide 4: TORPOL Group after three quarters of 2022
TORPOL Group after three quarters of 2022 731.8 ca. 1 200 140.5 387.1 MN PLN BLN PLN MN PLN MN PLN SALES REVENUE BACKLOG (NET) EBITDA in CASH (-10.4% ytd) (-5.3% yoy) (+119.3% yoy) 149.4 121.6 122.5 105.8 MN PLN MN PLN MN PLN MN PLN GROSS PROFIT PROFIT OPERATING NET PROFIT ON SALES ON SLAES PROFIT (
Slide 5: Summary of the overall situation of Group
Summary of the overall situation of Group Effect on financial performance The Group's operations and its financial performance were significantly influenced by its very good preparation in terms of personnel and equipment, as well as the application of solutions and rigours that limit the materialis
Slide 6: Summary of the overall situation of Group
Summary of the overall situation of Group High activity level of the Company So far in 2022, the Company has submitted 16 bids in proceedings conducted by PKP PLK with a total estimated value of approximately PLN 16.02 billion net. Three bids with a total net value of PLN 1.37 billion (without the p
Slide 7: Summary of the overall situation of Group
Summary of the overall situation of Group Ongoing standstill of EU and NRP [National Recovery Plan] funds There are no new proceedings, and most of the proceedings announced by PKP PLK in 2022 have not yet been resolved, which the Company says is due to the lack of confirmed project funding. Price a
Slide 8: The financial situation
The financial situation Consolidated income statement Change in Data in PLN thousand 9M2022 9M2021 %/pp The 5.3% y-o-y decrease in sales revenue is a result of, among other things, lower net sales revenue from TOG (-29.9% y-o-y), Sales revenue 731 839 772 711 -5,3% which was related to the postpon
Slide 9: The financial situation
The financial situation Consolidated balance sheet Data in PLN thousand 30/09/2022 31/12/2021 Change in %/pp At the end of the first nine months of 2022, the Group's total assets reached PLN 909.3 million, down -5.2% year-on-year. The structure of Balance sheet total 909 260 958 957 -5,2% assets a
Slide 10: The financial situation
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand 9M2022 9M2021 Change Cash flows from operating activity Total gross profit/loss 132 631 45 113 87 518 The high level of cash is a consequence of the stabilisation of the Adjustments by items:
Slide 11: Backlog (net value)
54.2 MN PLN 64.9 MN PLN 18.3 MN PLN 95.85 MN PLN 53.16 MN PLN 87.95 MN PLN 21.41 MN PLN 21.88 MN PLN 42.87 MN PLN 96.89 MN PLN 14.04 MN PLN 280.49 MN PLN 11 | www.torpol.pl 23.69 MN PLN – other 318.03 MN PLN – TOG BACKLOG (NET VALUE) * without the participation of consortium members TOTAL: approx. P
Slide 12: Map of investments
Map of investments Projects implemented by GK TORPOL S.A. in 2022 Gdańsk Port Północny Gdańsk Zaspa Towarowa PKM Gdańsk K. Kokoszowska 12 Port Świnoujście Olsztyn Główny Station Constr. of railway station Olsztyn Gł. PROJECTS Szczecin Port Centralny Kopalnia Soli i PMRiP Góra IMPLEMENTED BY Zaleskie
Slide 13: Investment plan
Investment plan The investment plan for 2022 The Group made investments of PLN 19.3 million in 9M22, which mainly included the purchase of railway machinery and equipment (approximately PLN 9.6 million). Investments for 2022 (in PLN MN) The investment plan for 2022 Machines and Means of In 2022, the
Slide 14: TORPOL OIL&GAS
TORPOL OIL&GAS A market worth billions of PLN TOG carries out contracts mainly for PGNiG S.A., but also for Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., Orlen Upstream sp. z o.o. and Operator Gazociągów Przesyłowych (OGP) GAZ-SYSTEM S.A. In 2022, TOG participated in 44 proceedings in which it submit
Slide 15: Challenges and current objectives
Challenges and current objectives High quality of construction projects implemetation and their timely delivery. Monitoring of the financial conditions of subcontractors. Maintaining the Group's stable financial and liquidity position, access to guarantee limits. Ongoing monitoring of the situation
Slide 16: Appendices
APPENDICES
Slide 17: Financial indicators
Financial indicators 2,28 1,77 1,37 1,14 0,70 0,64 0,58 0,51 0,30 0,36 0,12 0,13 -1,40 -2,46 equity to assets ratio equity to fixed assets ratio debt ratio debt to equity short-term indebtedness long-term indebtedness net financial debt to EBIDTA 31.12.2021 30.09.2022 17 | www.torpol.pl
Slide 18: Profitability ratios
Profitability ratios 34,10% 20,41% 19,19% 16,61% 16,73% 14,46% 14,35% 11,33% 9,33% 8,29% 5,90% 6,16% 4,66% 3,63% Gross sales margin Profit margin on sales EBIDTA margin EBIT margin Net margin ROA ROE 30.09.2021 30.09.2022 The profitability ratios reported confirm the Group's very good and stable sit
Slide 19: Shareholder structure
Shareholder structure 18 November 2022 Shareholder Number of shares (%) in capital TF Silesia sp. z o.o. 8 728 600 38.00% 10.41% NN OFE 8.79% NN OFE 2 391 884 10.41% 38.00% PKO TFI TF Silesia PKO TFI 2 019 209 8.79% 5.05% PKO BP Bankowy PKO BP Bankowy Otwarty 1 160 506 5.05% Others 8 669 801 37.74%
Slide 20: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 9M22 Structure % 9M21 Structure % Change Change in % Sales of services 730 172 99,8% 770 285 99,7% -40 113 -5,2% Revenues from sales of goods and products 1 667 0,2% 2 426 0,3% -759 -31,3% Sales revenues 731 839 100,0% 772 711 100,0% -40
Slide 21: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/09/2022 Structure % 31/12/2021 Structure % Change Change in % Fixed assets 239 275 26,3% 256 010 26,7% -16 735 -6,5% Tangible fixed assets 92 899 10,2% 83 265 8,7% 9 634 11,6% Right-of-use assets 70 833 7,8% 77 980 8,1% -7 147 -9,2% G
Slide 22: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/09/2022 Structure % 31/12/2021 Structure % Change Change in % Equity 328 285 36,1% 292 159 30,5% 36 126 12,4% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 162 333 17,9% 156 320 16,3% 6 013 3,8% Share premium 54 617
Slide 23: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 9M22 9M21 Change Data in PLN thousand 9M22 9M21 Change Cash flows from operating activity Cash flows from investing activities Sale of fixed tangible assets and intangibles 590 721 -131 Total gross profit/loss 132 631 45 113 87 518 Purch
Slide 24: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 9M22 Structure % 9M21 Structure % Change Change in % Sales of services 680 811 99,8% 700 016 99,7% -19 205 -2,7% Revenues from sales of goods and products 1 270 0,2% 1 755 0,3% -485 -27,6% Sales revenues 682 081 100,0% 701 771 100,0% -19 690 -2,8% Cos
Slide 25: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 30/09/2022 Structure % 31/12/2021 Structure % Change Change in % Fixed assets 241 618 27,6% 259 077 27,6% -17 459 -6,7% Tangible fixed assets 91 753 10,5% 82 632 8,8% 9 121 11,0% Right-of-use assets 69 946 8,0% 76 938 8,2% -6 992 -9,1% Goodwill 9 008
Slide 26: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 30/09/2022 Structure % 31/12/2021 Structure % Change Change in % Equity 331 554 37,9% 294 830 31,4% 36 724 12,5% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 162 333 18,5% 156 320 16,6% 6 013 3,8% Share premium 54 617 6,2% 54 617 5
Slide 27: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 9M22 9M21 Change Data in PLN thousand 9M22 9M21 Change Cash flows from investing activities Cash flows from operating activity Sale of fixed tangible assets and intangibles 590 721 -131 Total gross profit 133 218 43 298 89 920 Purchase of fixed tangib
Slide 28: TORPOL S.A. Investor Relations Office
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 Office 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 28 | www.torpol.pl