Pkp Cargo Spolka Akcyjna · GPW:PKP
Pkp Cargo Spolka Akcyjna — PKP Cargo — H1 2023 Earnings Presentation
22 slides from Pkp Cargo Spolka Akcyjna's earnings presentation, Aug 28, 2023
Slide 1: PKP CARGO Group financial and operational results H1 2023
PKP CARGO Group financial and operational results H1 2023 Warsaw, 28th August 2023
Slide 2: Agenda
Agenda Results summary 2 Operational results Financial results Outlook
Slide 3: PKP CARGO Group results 1H 2023
PKP CARGO Group results 1H 2023 Strong financial results Revenues from contracts with Net profit EBITDA Freight volume customers 2 900 m PLN 110 m PLN 611 m PLN 42 m tons +65% y/y +18% y/y +152 m y/y profitability 21% -17 % y/y 3 CAPEX OPEX Freight turnover 962 m PLN 2 662 m PLN 11 632 m tkm +154% y
Slide 4: Agenda
Agenda Results summary 4 Operational results Financial results Outlook
Slide 5: Decrease in freight parameters in 1H 2023
Decrease in freight parameters in 1H 2023 Freight turnover y/y Freight volume y/y bn tkm M tons 14,00 1H 2022 1H 2023 1H 2022 1H 2023 50,00 Solid fuels* Solid fuels* 12,00 Aggregates and Aggregates and 5,24 40,00 construction materials construction materials 10,00 25,45 Metals and ores Metals and or
Slide 6: Consumption of traction electricity and traction fuel
Consumption of traction Traction electricity consumption electricity and traction fuel Traction electricity and fuel costs in PKP CARGO Group Quarterly data (m PLN) -1,9% y/y Increase by 18,6 %in costs of traction electricity in first half od 2023 y/y H1 300 257,4 results from similar increase on
Slide 7: PKP CARGO Group - CAPEX
PKP CARGO Group - CAPEX Investments in modern rolling stock Rolling stock structure in numbers Train cars Locomotives PKP CARGO Group 53 142 1 565 CAPEX structure in 1H 2023 (m PLN) 1H 2022 1H 2023 y/y % y/y 36,7% 9,3 66,7 +617,2% 23,1% Investment buildings 57,4 7 1,3% Purchases, periodic repairs an
Slide 8: Hard coal transport
Hard coal transport Energy safety provided by PKP CARGO Growth rate of changes occurring in the international and domestic coal market Hard coal – freight volume influenced clients’ decisions on coal deliveries (ths tons) in H1 2023, which translated into the 14 000 12 751 12 967 quantity and dire
Slide 9: Aggregates and construction materials – PKP CARGO Group
Aggregates and construction materials Aggregates and construction materials – PKP CARGO Group Freight turnover, bn tkm Decreased demand from customers on aggregates and construction materials was 2,60 2,56 mainly cause by marinating high level of stocks and: -1,5% reduced volume of limestone tra
Slide 10: Intermodal – PKP CARGO Group
Intermodal Intermodal – PKP CARGO Group Freight turnover, bn tkm 2,03 Difficult situation on the global intermodal market: war in Ukraine, economic slowdown, inflationary pressure – these factors translated considerably into an -50,7% increase in the prices of intermodal transport operations and r
Slide 11: Metals and ores – PKP CARGO Group
Metals and ores Metal and ores – PKP CARGO Group Freight turnover, bn tkm The volume of shipments in this market segment is heavily influenced by the economic situation in 1,26 Poland and globally, affecting the volume of supply and demand for steel. The war in Ukraine in 2022 has caused financial
Slide 12: Produce and timber – PKP CARGO Group
Produce and timber Produce and timber – PKP CARGO Freight turnover, bn tkm Group 0,49 0,43 +12,7% Absence of imported timber shipments through Polish seaports. Less transports of imported timber from Belarus and Lithuania. Reduction in domestic transport of timber (in connection with a signifi
Slide 13: Agenda
Agenda Results summary 13 Operational results Financial results Outlook
Slide 14: Employment in PKP CARGO Group
Employment in PKP CARGO Maintaining full operational efficiency by: Group monitoring the level of employee departures for retirement benefits and appropriately responding to staff shortages in a given business area, optimal use of human resources by introducing projects and processes that improv
Slide 15: Operating costs in challenging market environment
Operating costs in challenging market environment Operating costs - structure and change in 1H 2023 1H 2022 1H 2023 y/y % y/y 15 m PLN Employee benefits Employee benefits 832,8 975,5 142,7 17,1% Consumption of traction electricity and 378,0 70,2 18,6% 448,2 Consumption of 37% traction fuel tranction
Slide 16: Cash flows, liabilities and funding sources
Cash flows, liabilities and funding sources Improvement of financial structure Available funding sources as of 30.06.2023 Liabilities structure m PLN m PLN Cash 174,6 31.12.2022 30.06.2023 BGK S.A. PKO BP S.A Long-term 2.344,6 2.529,4 100,0 Bank Pekao S.A. Short-term 2.082,7 2.275,3 PKO Leasing S.A.
Slide 17: Financial subsidies for rail in Europe
Financial subsidies for rail in Europe DB CARGO - government aid in recent years has reached EUR 376 million Maintains stability and cost EUR 376 m despite the company having incurred discipline, losses for over 10 years - in 2022, a loss of EUR 227 million. ensures the profitability of freigh
Slide 18: Agenda
Agenda Results summary 18 Operational results Financial results Outlook
Slide 19: Stable prospects in a difficult market environment
Stable prospects in a difficult Outlook and goals for the incoming market environment quarters: 1H 2023: Focusing on the profitability of transport and striking a balance Achieving very good between the price and the financial results by transported freight turnover, maintaining profitable contr
Slide 20: Intermodal terminal Karsznice
Intermodal terminal Karsznice Development and investment in modern rolling stock Intermodal terminal located in Central Poland, at the junction of the main European east-west communication line and the north-south route connecting e.g. Adriatic, Baltic and North Sea. located directly on the S8 rou
Slide 21: Intermodal terminal Karsznice
Intermodal terminal Karsznice Offered services: Available equipment: Transshipment and storage of Containers transshipment equipment empty and loaded containers Storage yard area 33 000 m2 with neutral and dangerous shipments Smart systems optimizing Logistics operations, i.a: Transshipmen
Slide 22: Thank you
Thank you Please fill free to contact Investors Relations Team in order to obtain more information PKP CARGO S.A. ul. Grójecka 17 02-021 Warszawa e-mail: relacje.inwestorskie@pkpcargo.com phone: +48 22 391 46 67