Poznanska Korporacja Budowlana Pekabex Sa · GPW:PBX
Poznanska Korporacja Budowlana Pekabex Sa — Pekabex — Investor Presentation (October 2022)
48 slides from Poznanska Korporacja Budowlana Pekabex Sa's investor presentation, October 2022
Slide 1: Investor Presentation, Poznan, October 2022
= Pekabex Investor Presentation Poznan, October 2022
Slide 2: Safe Development: 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 3: Key numbers in 1H22
Key numbers in 1H22 Solid fundamentals create basis for dynamic development PLN 56 m PLN 1 122 m PLN 838 m 136,4 m3 PLN 28 m Value of backlog as Revenues prefabricated Net profit of 30.06.2022* elements produced** *Concerns prefabrication contracts, construction services, development project on thei
Slide 4: Backlog of PLN 1,122 m
Backlog* Backlog (thous. PLN) trong, well-diversified backlog contracts to be realized in following year 7 086 › Pekabex Group systematically builds significant and well-diversified (2%) backlog, which will fill the production in following years. It contains contracts to be aggregated value of signe
Slide 5: Prefabrication production
Prefabrication production Volume of production in 2003-1H 2022* (000 m3) 266 table growth of production 204 › Increased production in prefabrication segment results mainly from the 182 175 volume of realized contracts; in the first half of 2022; production amounted to 136.399 m3 while in the prior p
Slide 6: Strong Balance Sheet & Financial Stability: Steady and continuous growth
Strong Balance Sheet & Financial Stability = Pekabex Steady and continuous growth Revenues (mPLN) Volume of production in 2003-2021 (000 m3) 8% ava_AE_Hi 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 112022 2011 2012-2013 201420152016 2017-2018» 2019-
Slide 7: Revenue
› 1H 2022 was a record period in terms of achieved revenues. › Revenue from sales in 1H 2022 amounted to PLN 837.954 thous. and were higher by PLN 198.407 thous., i.e. by 31%, than the revenue achieved in 1H 2021, and at the same time higher by PLN 359.483 thous., i.e. by 75.1%, as compared to the 1
Slide 8: Operating result by segment
› In 1H 2022 highest operating results were achieved in prefabrication contracts. This segment represented 93% of total operating result. › Significant increase in profitability of prefabrication contracts is a result of economies of scale and due to the decline in costs , which have stabilized afte
Slide 9: Well diversified revenue sources
Strong Balance Sheet & Financial Stability Well diversified revenue sources Foreign sales of prefabrication segment (in mPLN) 202 125 2» 39 4 -_— =m = 2012 2013-2014 .2015 ssalesin mPLN Foreign sales does not include production services (Dreznobranch) ‘Additionally, foreign sales is presented with p
Slide 10: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Inthous. PLN 30.06.2022 31.12.2021 Change % Stable and safe level of financial leverage Fixed assets 482028 452810 ¥6,5% . Currentassets, including: 909144 = 767529 +18,5% Fixed assets Inventories 219028 176 146 +24,3% 482028 420445 452810 Assets from const
Slide 11: Working capital
Working capital › Positive working capital is a sort of "financial security" that facilitates liquidity. › At the same time, as a rule, the first quarter is a period of high demand for working capital for the Group due to seasonality of the construction market and result of economies of scale. Inven
Slide 12: Net Debt
› Net Debt is the difference between financial liabilities (loans, borrowings and other external sources of financing, financial leasing and cash and cash equivalents. › Net Debt to EBITDA ratio remains at a higher level due to new investments resulting in an increasing demand for working capital.
Slide 13: Cash flow bridge
200000,0 +77 736 -19 822 +13 616 +7 805 180000,0 -46 547 -7 869 +35 149 144 110 160000,0 114 648 -7 621 140000,0 -9 034 120000,0 +6 050 -20 000 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
Slide 14: CAPEX policy
CAPEX policy: Main investments 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 products Improving health and safety at work Ensuring the operational b
Slide 15: Stock market and ratios: Dividends
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 ivi
Slide 16: 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 17: Pekabex values
= Pekabex Respect Honesty : Responsibilty Self-improvement Open communication Pekabex values
Slide 18: Appendix
Pekabex Appendix ®
Slide 19: Selected Development Projects in 1H 2022
= Pekabex Selected Development Projects in 1H 2022
Slide 20: Development projects gaining momentum
Development Projects Development projects gaining momentum as of 30.06.2022 apartments number reservationnumbers Preliminary agreements omits Caer Apartamenty Origin Mechelinki 106 60 0 0 43% Apartamenty55 + Mechelinki (SMS) 58 6 0 0 90% Casa Fiore (Hafciarska) 40 2 29 0 2% Casa Baia (Hel) 69 7 6 0
Slide 21: Hafciarska St. Warsaw: 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
Slide 22: Mechelinki Gdynia
= 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. z 0.0. ("Origin") an investment agreement for the joint implementation of the investment in Mechelinki c
Slide 23: 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 24: Katedralna Czestochowa
= 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 25: Jasielska Poznan
= Pekabex Jasielska 3 | Poznan Development project Jasielska 3 JA_SIELSKA is an intimate housing estate designed for people aware of their needs and the surrounding world. Three five-story buildings with mezzanine floors will be constructed in the 3rd stage of the investment at Jasielska Street, com
Slide 26: P.Homes Poznan
= Pekabex P.Homes | Poznan Development project P.Homes The Group's latest residential construction solution is direct-to-consumer offering P,HOMES - a system for building single-family houses using prefabrication technology. The technology used to build P. HOMES houses significantly exceeds the load
Slide 27: Selected realized contracts: Prefabrication contracts
= Pekabex Selected realized contracts Prefabrication contracts
Slide 28: Lodz Tubings
= Pekabex Lodz Tubings Contract contains production and delivery of 29.900 pcs. of tubings for 2 railroad tunnels in Lodz.
Slide 29: 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 30: Gorzow Wielkopolski TPV Displays
= Pekabex Gorzow Wielkopolski TPV DISPLAYS Construction contains one warehoues. Prefabrication of parking hall contains ca. 433 elements (columns, beams, HC slabs, roog beams, foundations).
Slide 31: Goteborg and Malmo Skanska
= Pekabex = Pekabex Goteborg Malmo Skanska Skanska Construction contains 6 residential buildings. Construction contains assembly of 2 residential building. Prefabrication of parking hall contains ca. 3 834 elements (3-layer walls, solid - Prefabrication contains ca. 3 800 elements (8,4 thous. m? of
Slide 32: Malmo and Helsingborg
= Pekabex Malmo Skanska Construction contains one ficility building (school). Prefabrication of parking hall contains ca. 1 960 elements (3-layer walls, solid walls, HC slabs, prestrested solid slabs). = Pekabex Helsingborg Serneke Sveriabe Construction includes assembly of residential building with
Slide 33: 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). si
Slide 34: Selected realized contracts: Construction services
= Pekabex Selected realized contracts Construction services
Slide 35: Opole and Ilowa CTP
= Pekabex = Pekabex Opole llowa CTP - warehouse and office CTP - warehouse and office Construction contains warehouse and office building. Construction contains warehouses and office facilities - total floor area ca. 111,9 thous. m2. Total floor area - almost 19,5 thous. m2. Prefabrication includes
Slide 36: Kobytka and Nowy Dwor Mazowiecki
= Pekabex Kobytka CTP - warehouse and office Construction contains warehouse and office building. Total floor area - almost 31,5 thous. m2. Prefabrication includes delivery and assembly of 875 elements (columns, beams, stairs, HC slabs, filgree slabs). = Pekabex Nowy Dwor Mazowiecki Reckitt - wareho
Slide 37: Bytow and Lublewo
= 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). = Pekabex Lublewo 7R Construction contains wareh
Slide 38: Housing projects PFR Nieruchomosci
PFR Nieruchomosci | Torun PFR Nieruchomości | Sianów Housing project Housing project
Slide 39: Housing and parking hall projects
TTS Development | Lublin MTP | Poznań Housing project Parking hall project
Slide 40: New key projects
= Pekabex New key projects + Contractvalue compared to revenues or 2021 tin PLN) Date Contractor Description «Contract value (%) Contract currency March 18, 2022 March 18, 2022 April, 2022 CTP Invest Poland Ltd CTP Invest Poland Anton Réhr Ltd Transport International Poznan The subject of the contra
Slide 41: New key projects cd.
= Pekabex Date Contractor «Contract Description value (%) Contract currency New key projects cd. + Contractvalue compared to revenues or 2021 tin PLN) June 1, 2022 July 21, 2022 July 25, 2022 SK Engineering Co. Ltd. Sp. z0.0. Branchin Poland A. Epstein and Sons International, Inc. INVEST-PARK Develo
Slide 42: New key projects cd.
= Pekabex New key projects cd. + Contractvalue compared to revenues or 2021 tin PLN) a Contract Contract Date Contractor Description Value (6) currency The subject of the contract is the construction of six Walbrzyska Specjalna Strefa Ekonomiczna warehousing and production halls with social and offi
Slide 43: Assets
ASSETS 30.06.2022 30.06.2021 31.12.2021 Non-current assets Goodwill 25 239 17 331 25 239 Intangible assets 2 590 2 536 3 067 Property, plant and equipment 391 069 397 625 392 129 Investment properties 25 238 8 027 25 304 Investments in related parties 1 616 185 569 Receivables and loans 751 2 660 1
Slide 44: Equity and liabilities
EQUITY AND LIABILITIES 30.06.2022 30.06.2021 31.12.2021 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 827 24 827 24 827 Own shares (-) - - - Share premium 25 245 25 245 25 245 Other reserves 5 136 (2 098) 38 Retained earnings 362 060 329 770 330
Slide 45: Income statement
01.01.2022 01.01.2021 01.01.2021 - 30.06.2022 - 30.06.2021 - 31.12.2021 Net sales 837 954 639 547 1 504 862 Costs of sales 709 839 543 283 1 310 733 Gross profit (loss) on sales 128 115 96 265 194 129 Selling expenses 54 587 40 413 84 723 Administrative expenses 29 302 24 716 52 657 Other operating
Slide 46: Cash-flow from operating activities
01.01.2022 01.01.2021 01.01.2021 Cash-flow from operating activities - 30.06.2022 - 30.06.2021 - 31.12.2021 Net profit (loss) before tax 35 149 27 117 49 277 Adjustments for: Depreciation and impairment allowances of property, land and equipment 13 616 13 208 26 724 Change in fair value of investmen
Slide 47: Cash flow from investing activities
Cash flow from investing activities 01.01.2022 01.01.2021 01.01.2021 - - 30.06.2022 - 30.06.2021 31.12.2021 Purchase of intangible assets (719) (361) (2 079) Sale of intangible assets - - - Purchase of property, plant and equipment (7 248) (9 967) (17 518) Sale of property, plant and equipment 98 17
Slide 48: Thank you
= Pekabex THANK YOU