Pkp Cargo Spolka Akcyjna · GPW:PKP
Pkp Cargo Spolka Akcyjna — PKP Cargo — FY2024 Earnings Presentation
22 slides from Pkp Cargo Spolka Akcyjna's earnings presentation, Apr 29, 2025
Slide 1: PKP CARGO Group financial and operational results for 2024
PKP CARGO Group financial and operational results for 2024 Warsaw, April, 29 2025
Slide 2: Agenda
Agenda ▪ Introduction 2 ▪ Summary of results ▪ Operating results ▪ Financial results ▪ Development plans
Slide 3: Introduction
Introduction ▪ The loss in 2024 is mainly the result of a decrease in revenue (19%) without and even more pronounced decrease in operating costs (8%), as a result of the restructuring measures taken last year and the amount of write-downs, which are mainly the aftermath of a mismatch between rolling
Slide 4: Agenda
Agenda ▪ Introduction 4 ▪ Summary of results ▪ Operating results ▪ Financial results ▪ Development plans
Slide 5: PKP CARGO Group results for 2024
PKP CARGO Group results for 2024 REVENUE FROM CONTRACTS NET RESULTS EBITDA GOOD MASS WITH CUSTOMERS PLN 4 460,4 m PLN -2 412,6 m PLN 299,7 m 70,8 m tons -72,3% y/y -18,8% y/y -2 494,7 m y/y profitability 20% -14,3% y/y 5 CAPITAL TRANSPORT EXPENDITURE COST AT EBITDA LEVEL WORK (CAPEX) PLN 590,4 m PLN
Slide 6: Agenda
Agenda ▪ Introduction 6 ▪ Summary of results ▪ Operating results ▪ Financial results ▪ Development plans
Slide 7: PKP CARGO Group's transport work in 2024
PKP CARGO Group’s transport work in 2024 Intermodal transport Chemical products Liquid fuels Transport work, billion tkm Transport work, billion tkm Transport work, billion tkm 1,66 1,71 2,62 3,4% 32,9% 2,38 10,0% 0,64 0,48 2023 2024 2023 2024 2023 2024 7 Metals and ores Aggregates and building mate
Slide 8: PKP CARGO Group freight work and weight in 2024
PKP CARGO Group freight work and weight in 2024 8 In this presentation, for ease of perception, rounding has been applied which may result in insignificant deviations in the data presented.
Slide 9: Transport of coal
Transport of coal Transport: hard coal Cargo weight (thousands of tons) 14 000 12 751 12 967 11 947 12 000 10 504 10 022 10 000 7 911 8 660 8 590 ▪ A gradual reduction on the share of hard coal as a 7 732 7 527 8 000 6 709 fuel as companies adapt their operations to the 6 145 6 000 requirements of c
Slide 10: Investment expenditure – PKP CARGO Group
Investment expenditure – PKP CARGO Group Expansion and investment in modern rolling stock Structure of rolling stock used by Wagons Locomotives PKP CARGO Group 52 039 (52 358 – 2024) 1 562 (1 549 - 2024) Structure of capital expenditure in 2024 (PLN m) 2,6% 1,0% Change Change 2023 2024 y/y % y/y 26,
Slide 11: Employment in PKP CARGO Group
Employment in PKP CARGO ▪ In the course of 2024, the Management Board Group of PKP CARGO undertook measures to optimize the Company’s cost area, which were aimed at ensuring financial stability and improving its profitability. ▪ These decisions concerned cost reductions, including Staff costs and re
Slide 12: Agenda
Agenda ▪ Introduction 12 ▪ Summary of results ▪ Operating results ▪ Financial results ▪ Development plans
Slide 13: Freight work and total weight of PKP CARGO Group in annual comparison
Freight work and total weight of PKP CARGO Group in annual comparison Transport work Weight of goods billion tkm m tons 82,70 22,28 70,85 -19,3% 17,98 -14,3% 13 2023 2024 2023 2024 In this presentation, for ease of perception, rounding has been applied which may result in insignificant deviations in
Slide 14: Key financial results
Key financial results Revenue from contracts with customers Costs at EBITDA level PLN m PLN m 5 491,9 -18,8% 4 460,4 4 468,9 -5,6% 4 219,6 2023 2024 2023 2024 14 Net result EBITDA PLN m PLN m -72,3% 1 083,1 82,1 299,7 -2 412,6 2023 2024 2023 2024 In this presentation, for ease of perception, roundin
Slide 15: Operating costs in a challenging market environment
Operating costs in a challenging market environment Structure and change of operating costs for 2024 2023 2024 Change y/y Change % y/y 15 PLN m Employee benefits 1 958,4 1 799,6 -158,8 -8,1% Employee benefits costs 9,1% Energy and traction fuel 796,3 611,9 -184,4 -23,2% Energy and traction fuel 6,0%
Slide 16: Cash flow, liabilities and financing sources
Cash flow, liabilities and financing sources Improvement of financial structure Avilable funding sources as 31.12.2024 Structure of liabilities (mln PLN) (PLN m) Commitments 31.12.2023 31.12.2024 589,1 Long-term 2 784,2 2 378,7 Cash Short-term 2 333,3 3 314,7 12,8 ING Bank N.V. Total liabilities 5 1
Slide 17: Independent auditor's report on the financial statements of the Company and the Group
Independent auditor’s report on the financial statements of the Company and the Group ▪ On 28 April 2025, the Company received the Independent Auditor’s Report on the annual separate and annual consolidated financial statements containing a disclaimer of option. At the same time, the auditor conclud
Slide 18: Independent auditor's report on the financial statements of the Company and the Group
Independent auditor’s report on the financial statements of the Company and the Group ▪ The Manager’s position on the refusal of the audit firm to express an option The administrator of the Company states that, in his opinion, the continuation of the Company’s and the Group’s operations is not at ri
Slide 19: Agenda
Agenda ▪ Introduction 19 ▪ Summary of results ▪ Operating results ▪ Financial results ▪ Development plans
Slide 20: Sanation
Sanation ▪ On 27 June 2024, the Board decided to apply to the court to open sanation proceedings ▪ The application was made in order to improve the financial and liquidity position of the Company. The Board took this decision with the best interests of the Company and its shareholders in mind. The c
Slide 21: Restructuring plan and further development – assumptions
Restructuring plan and further development – assumptions ▪ Identify the exact role of PKP CARGO and the Group in the rail freight market, including mutual synergies and process bottlenecks. ▪ Optimizing cost optimization and improving operational efficiency (including minimizing financial risks) by
Slide 22: Thank you for your attention
Thank you for your attention For further information, please contact Management, Promotion and Investor Relations Office PKP CARGO S.A. w restrukturyzacji ul. Grójecka 17 02-021 Warszawa e-mail: relacje.inwestorskie@pkpcargo.com