Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q1 2025 Earnings Presentation
14 slides from Grupa Kety Sa's earnings presentation, Apr 23, 2025
Slide 1: 1st Quarter 2025 – Investor Presentation
1ST QUARTER 2025 – INVESTOR PRESENTATION DARIUSZ MAŃKO ROMAN PRZYBYLSKI RAFAŁ WARPECHOWSKI PRESIDENT OF THE VICE PRESIDENT OF THE BOARD MEMBER BOARD BOARD 23RD APRIL 2025
Slide 2: A good quarter in a consistently difficult market
A GOOD QUARTER IN A CONSISTENTLY DIFFICULT MARKET (-) CONTINUING WEAK BUSINESS CONDITION INDICATORS - industrial production Poland (y/y), source: GUS, Jan -0,9%; Feb -2,0%; Mar 2,5% - construction and assembly production Poland (y/y),source: GUS, Jan 4,2%; Feb 0,0%; - industrial production Germany (
Slide 3: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS 3
Slide 4: Financial results above management expectations
FINANCIAL RESULTS ABOVE MANAGEMENT EXPECTATIONS 1Q 1Q PLN million change • Sales revenues - higher aluminium prices in PLN 2025 2024 (17% y/y) and consolidation from September 2024 Sales 1 354 1 240 +9% SELT EBITDA 228 222 +3% EBITDA margin 16,8% 17,9% • EBITDA – growth in ASS and FPS, reduction in
Slide 5: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT (PLN million) 1Q 2025 1Q 2024 change • Volume growth - sales to ASS, including Selt Volume sales (`000 t) 25,5 23,8 +7% Revenues 534,6 471,5 13% Domestic 279,3 225,9 24% • YoY revenue growth - volume growth, higher 4% aluminium prices in PLN (17% yoy) with lower Internation
Slide 6: Aluminium Systems Segment
ALUMINIUM SYSTEMS SEGMENT (PLN million) 1Q 2025 1Q 2024 change • Sales increase - both domestically and Revenues 673,4 561,8 +7% export-wise. Revenues in Q1 25 include Domestic 423,2 353,4 13% PLN 53M of Selt sales (consolidated from International 250,2 208,4 24% Sep 24) EBITDA 123,3 111,2 4% EBITDA
Slide 7: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT (PLN million) 1Q 2025 1Q 2024 change Revenues 304,2 305,7 +7% • Sales - stable sales in a difficult market Domestic 145,6 146,9 13% International 158,6 158,8 24% • EBITDA – high scale, efficiency of operations EBITDA 69,0 63,8 4% and effective trade policy EBITDA margin 22
Slide 8: Implementation of investment projects in 1Q
IMPLEMENTATION OF INVESTMENT PROJECTS IN 1Q EPS - PLN 24M including: production tools and maintenance projects CAPEX* (PLN million) ASS - PLN 14M 100 99 including: 75 88 smaller development and maintenance projects 50 41 46 45 FPS – PLN 6M 25 including: 0 mainly maintenance projects, including print
Slide 9: Financial ratios
FINANCIAL RATIOS Debt maturity structure Debt currency structure Net debt (PLNm)* / net debt/EBITDA ratio short term 1600 1,6 1,8 24% PLN; 1,4 1,4 1,6 79% 1400 1,4 1351 1,2 1200 0,9 0,8 1274 1501 1,0 0,8 1000 EUR; 0,6 0,4 20% 800 827 0,2 long term Other; 1% 600 695 0,0 76% 1Q 2024 2Q 2024 3Q 2024 4Q
Slide 10: Summary – Outlook for the 2nd quarter
SUMMARY – OUTLOOK FOR THE 2ND QUARTER MARKET OPERATIONS & FINANCES ENVIRONMENT INVESTMENTS • NO SIGNS OF SIGNIFICANT • MAINTAINING A HIGH LEVEL OF • DIVIDEND PAYOUT CHANGES IN MARKET CONDITIONS, PRODUCTION CAPACITY RECOMMENDATION – PLN 48.78 UNCERTAINTY ABOUT THE IMPACT UTILISATION PER SHARE OF HIGH
Slide 11: Additional Information
ADDITIONAL INFORMATION 11
Slide 12: Prices of the main raw materials
PRICES OF THE MAIN RAW MATERIALS 700 Billet premium (USD/t), DDP North Germany 600 530 500 400 2320 300 200 100 Jan '24Feb '24Mar '24Apr '24May '24Jun' 24Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24Jan '25Feb '25Mar '25Apr '25 LDPE & PP resin proces ICIS spot low (EUR/t) • Systematic increase in alumi
Slide 13: Additional Information
ADDITIONAL INFORMATION Volume sales (`000 t) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Extruded Products Segment 23,8 26,4 25,0 18,7 25,5 FPS – packaging (mln sqm) 122 FPS – BOPP foil (`000 t) 14,2 EBITDA by Segments (PLN million) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Extruded Products Segment 50,7
Slide 14: Legal Note
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undert