Slide 1: Summary of 9M24 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Summary of 9M24 in the TORPOL Group 25 November 2024
Slide 2: Disclaimer
This presentation (Presentation) is to provide information on the company Torpol S.A. 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 subscribe for
Slide 3: Agenda
3 www.torpol.pl TORPOL Group key data for 9M24 Financial results Backlog of orders Investment plan for 2024 TORPOL OIL & GAS Challenges, current objectives and prospects Appendices torpo)
Slide 4: TORPOL Group key data for 9M24
905.9 MN PLN NET SALES REVENUE (+34.6% yoy) ae 77.2 MN PLN GROSS PROFIT ON SALES a O33 YOAOVY, —— Lg 4.0 BLN PLN BACKLOG NET (+142% yoy) all 45.6 MN PLN PROFIT ON SALES (-=30,69/o yoy). es 61.6 MN PLN EBITDA ([40.3%gr aye ail VAN 42.6 MN PLN OPERATING PROFIT ([ESZ5% yoR) — 305.1 MN PLN in CASH Pas e
Slide 5: Despite a y-o-y increase in net sales revenue, the Group recorded a decline in operating profitability
Despite a y-o-y increase in net sales revenue, the Group recorded a decline in operating profitability, mainly due to the completion of projects with higher average margins and their settlement by the end of 2023. Gross profit margin on sales was 8.5%, EBITDA margin was 6.8% and net margin was 4.4%.
Slide 6: Agreement with PKP PLK for Katowice section
On 5 April 2024, the Company concluded an agreement with PKP PLK as part of the proceedings for the section Katowice Szopienice Płd. – Katowice – Katowice Piotrowice (…)”. The price of the offer submitted by the consortium involving Intop Warszawa sp. z o.o. (consortium partner) in the tender is app
Slide 7: Consolidated income statement
Consolidated income statement Data in PLN thousand 9M24 9M23 Change %/pp ▪ Despite a y-o-y increase in net sales revenue in the Sales revenue 905 905 673 067 34,6% reporting period, the Group recorded a decline in Cost of sales 828 709 576 234 43,8% operating profitability, mainly due to the complet
Slide 8: Consolidated balance sheet
Consolidated balance sheet Data in PLN thousand 30/09/2024 31/12/2023 Change in % ▪ The Group's balance sheet total reached PLN 1,033 million (down 9% year-on-year). The structure of assets and their sources of Balance sheet total 1 033 003 1 134 985 -9,0% financing is correct, typical of the Group'
Slide 9: Cash flow from operating, investing and financing activities
Cash flow from operating, investing and financing activities Data in PLN thousand 9M24 9M23 Change ▪ At the end of the reporting period, the balance of operating cash flow was negative at PLN -149.5 million (a significant decrease of PLN 91.2 million y-o-y), mainly due to changes in working capital
Slide 10: Backlog of orders
9.7 MN PLN 71.2 MN PLN 64.2 MN PLN 19.9 MN PLN 580.4 MN PLN 188.1 MN PLN 353.8 MN PLN 385.71 MN PLN 2 074.1 MN PLN 10 | www.torpol.pl 121.0 MN PLN – TOG BACKLOG (NET VALUE) 15.6 MN PLN– other by Torpol TOTAL: approx. PLN 4.0 BLN* Katowice Szopienice Płd. Modernizacja stacji Ostróda Stacja Olsztyn Gł
Slide 11: The investment plan for 2024
The investment plan for 2024 In 9M24, the Group made investments of PLN 25.7 MN. The Group plans to incur significant capital expenditure of approximately PLN 50.4 million in 2024. The Group's investment plan for 2024 mainly concerns the purchase of equipment and machinery for the modernisation of r
Slide 12: TORPOL OIL & GAS (TOG)
The Company has decided to withdraw from talks with Towarzystwo Finansowe ‘Silesia’ Sp. z o.o. [TFS] with regard to a possible transaction for the sale of shares in TOG, indicating that its intention remains to keep TOG within the structures of the Issuer's Group TOG mainly carries out orders for th
Slide 13: Challenges, current objectives and prospects
• Preserving a stable financial and liquidity position, above all in the form of a safety buffer to allow for smooth operations in the market in the difficult year of 2025 and under the expected intensification of construction works, including largescale, complex projects requiring significant finan
Slide 14: Appendices
torpo) APPENDICES
Slide 15: Financial ratios: debt and equity
2,22 2,15 1,23 1,06 0,48 0,55 0,52 0,46 0,45 0,41 0,09 0,10 -1,84 -3,12 equity to assets ratio equity to fixed assets debt ratio equity indebtedness short-term long-term net financial debt to ratio indebtedness indebtedness EBIDTA for the last 12 mths 31.12.2023 30.09.2024 15 | www.torpol.pl
Slide 16: Profitability ratios
14,39% 13,34% 12,46% 9,75% 9,66% 9,08% 8,52% 7,87% 6,80% 5,78% 5,03% 4,70% 4,38% 3,66% Gross sales margin Profit margin on EBIDTA margin EBIT margin Net margin ROA ROE sales 30.09.2023 30.09.2024 The decline in individual profitability ratios is a consequence of the change in the structure of the or
Slide 17: Consolidated income statement (detailed)
Data in PLN thousand 9M24 Structure % 9M23 Structure % Change Change % Sales of services 904 938 99,9% 672 674 99,9% 232 264 34,5% Revenues from sales of goods and products 967 0,1% 393 0,1% 574 146,1% Sales revenues 905 905 100,0% 673 067 100,0% 232 838 34,6% Cost of goods sold 828 709 91,5% 576 23
Slide 18: Consolidated assets
Data in PLN thousand 30/09/2024 Structure % 31/12/2023 Structure % Change Change % Fixed assets 232 761 22,5% 228 982 20,2% 3 779 1,7% Tangible fixed assets 120 642 11,7% 111 956 9,9% 8 686 7,8% Right-of-use assets 58 594 5,7% 60 588 5,3% -1 994 -3,3% Goodwill 9 008 0,9% 9 008 0,8% 0 0,0% Intangible
Slide 19: Consolidated equity and liabilities
Data in PLN thousand 30/09/2024 Structure % 31/12/2023 Structure % Change Change % Equity 500 373 48,4% 509 152 44,9% -8 779 -1,7% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 397 030 38,4% 345 078 30,4% 51 952 15,1% Share premium 54 617 5,3% 54 617 4,8% 0 0,0% Retained earnings
Slide 20: Consolidated cash flow statement
Data in PLN thousand 9M24 9M23 Change Data in PLN thousand 9M24 9M23 Change Cash flows from operating activity Cash flows from investing activities Gross profit/loss 49 554 77 697 -28 143 Sale of fixed tangible assets and intangibles 783 541 242 Adjustments by items: -199 066 -136 017 -63 049 Purcha
Slide 21: Company income statement
Data in PLN thousand 9M24 Structure % 9M23 Structure % Change Change % Sales of services 804 215 100,0% 542 638 99,9% 261 577 48,2% Revenues from sales of goods and products 51 0,0% 386 0,1% -335 -86,8% Sales revenues 804 266 100,0% 543 024 100,0% 261 242 48,1% Cost of goods sold 736 451 91,6% 455 5
Slide 22: Company assets
Data in PLN thousand 30/09/2024 Structure % 31/12/2023 Structure % Change Change % Fixed assets 232 492 23,1% 229 192 21,2% 3 300 1,4% Tangible fixed assets 118 184 11,8% 109 511 10,1% 8 673 7,9% Right-of-use assets 57 209 5,7% 59 463 5,5% -2 254 -3,8% Goodwill 9 008 0,9% 9 008 0,8% 0 0,0% Intangibl
Slide 23: Company equity and liabilities
Data in PLN thousand 30/09/2024 Structure % 31/12/2023 Structure % Change Change % Equity 494 374 49,2% 505 969 46,9% -11 595 -2,3% Share capital 4 594 0,5% 4 594 0,4% 0 0,0% Other reserve capital 392 366 39,0% 344 983 32,0% 47 383 13,7% Share premium 54 617 5,4% 54 617 5,1% 0 0,0% Retained earnings
Slide 24: Company cash flow statement
Data in PLN thousand 9M24 9M23 Change Data in PLN thousand 9M24 9M23 Change Cash flows from investing activity Cash flows from operating activity Sale of fixed tangible assets and intangibles 783 541 242 Gross profit/loss 45 813 73 692 -27 879 Acquisition of property, plant and equipment, -18 382 -1
Slide 25: Investor relations contact
Małgorzata Napierała tel. +48 61 87 82 775 fax +48 61 87 82 790 ma.napierala@torpol.pl| ri@torpol.pl ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl 25 | www.torpol.pl