41 slides from Poznanska Korporacja Budowlana Pekabex Sa's earnings presentation, December 2021
Slide 1: Investor presentation 3Q 2021
Investor presentation Warsaw, December 2021 3Q 2021 Art of prefabrication www.pekabex.pl
Slide 2: 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 3Q21
Key numbers in 3Q21 Solid fundamentals create basis for dynamic development PLN 1 138 m PLN 1 052 m 197,770 m3 PLN 31 m Value of backlog Revenues Prefabricated Net profit as of 30.09.2021* elements produced** *Concerns prefabrication contracts, construction services, development project on their own
Slide 4: Prefabrication production
Prefabrication production Volume of production in 2003-3Q 2021* (thous. m3) production record 204 198 200 182 › Increased production in prefabrication segment results mainly from 175 the volume of realized contracts in the first three quarters of 2021 amounted to 197.770m3 while in the prior period
Slide 5: Record backlog
Record backlog trong, well-diversified backlog Backlog (thous. PLN) contracts to be realized › Pekabex Group systematically builds strong and well-diversified backlog, in following year which will fill the production in following years. It contains aggregated value 147 333 of signed contracts, which
Slide 6: Strong Balance Sheet & Financial Stability: Steady and continuous growth
Strong Balance Sheet & Financial Stability Steady and continuous growth Volume of production in 2003-2020 (’000 m3) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20203Q2021 EBITDA (mPLN) 2011 2012-2013, 2014 «2015. 2016) 2017-2018 = 2019-2020 3Q 2021 =EBITDA mE
Slide 7: Revenue growth
Strong Balance Sheet & Financial Stability Revenue growth Revenues (in thous. PLN), gross margin EBITDA (in thous. PLN), EBITDA margins 1052 199 67 241 62720 684 723 528743 38101 3Q 2019 3Q 2020 3Q 2021 3Q 2019 3Q 2020 3Q 2021 EBIT (in thous. PLN), EBIT marginx* Net Income (in thous. PLN), net margi
Slide 8: Well diversified revenue sources
Strong Balance Sheet & Financial Stability Well diversified revenue sources Revenue structure by segments (in thous. PLN) 100% 80% 60% 40% 20% 0% 3Q 2018 3Q 2019 3Q2020 3Q2021 prefabricaRncontracts mcoRstruction services? 'w production sevvees =development =rent mothers Profit by segments (in thous.
Slide 9: › › 13,0% 11,0% 9,1% -625
› › 13,0% 11,0% 9,1% 1 172 824 -625
Slide 10: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Trade receivables (in thous. PLN) 454655 254026 222391 238612 172592 CO 701 73176 69696 2015-2016 = 2017_-—= 2018 = 2019-2020 3Q.2021 2015 ss Raw materials Inventory (in thous. PLN) «= Finished goods (prefabricate
Slide 11: Long term and current financial liabilities
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Long term and current financial liabilities« @ long-term financial liabilities "current financial liabilities +Net debt (without FTO options valuation to PFR) ++Calculatedas total liabilities divided by total asse
Slide 12: 180000,0 160000,0 140000,0 120000,0 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
180000,0 160000,0 140000,0 120000,0 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
Slide 13: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX policy: = Investments that 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
Slide 14: Stock market and ratios
Strong balance sheet & financial stability = Pekabex Stock market and ratios Dividends * Dividend payout corresponds to the generated profit and the Group’s financial situation and capital needs Financial year 2014 2015 2016 2017 2018 2019 2020 Dividend date 2015 2016 2017 2018 2019 2020 2021 Divide
Slide 15: Selected Development Projects 3Q 2021
= Pekabex Selected Development Projects 3Q 2021
Slide 16: Development projects gaining momentum
Development Projects Development projects gaining momentum as of 12.09.2021 apartments number _reservationnumbers oy omits Coa Osiedlowa 43 2 1 " 0 0% JasielskaPhase2 10 0 0 110 0% JasielskaPhase3 124 35 0 0 100% Apartamenty Origin Mechelinki 106 58 0 0 48% ApartamentyS5+ Mechelinki (SMS) 58 5 0 0 9
Slide 17: Jozefoslaw development project Osiedlowa 43
= Pekabex Jozefoslaw | Warsaw Development project Osiedlowa 43 On October 29, 2019, the company Pekabex Development purchased for PLN 2 370 thous. plot in Jozefoslaw in connection with the planned implementation of another pilot project, consisting in the construction of 12 terraced houses. On Decem
Slide 18: Development project 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 19: Development project Mechelinki
= 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 20: Development project 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 21: Development project Katedralna
= 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 Kat
Slide 22: Attachment
= Pekabex —— ATTACHMENT Art of prefabrication www.pekabex.pl
Slide 23: Selected realized contracts: Prefabrication contracts
= Pekabex Selected realized contracts Prefabrication contracts
Slide 24: Railroad tunnels tubings contract in Lodz
Contract contains production and delivery of 29.900 pcs. of tubings for 2 railroad tunnels in Lodz.
Slide 25: Warehouse buildings contract
Construction contains warehouse buildings ca. 40 thous. m2. Prefabrication contains 4 500 elements (columns, beams, solid walls).
Slide 26: Production and warehouse facility contract
Contract concerns development of the production and warehouse facility with a production building of the installation for the production of food concentrates with storage, technical and technological facilities as well as the necessary construction equipment. Prefabrication contains of 1 257 element
Slide 27: Residential buildings contracts
Construction contains 6 residential buildings. Construction contains assembly of residential building. Prefabrication of parking hall contains ca. 3 834 elements (3-layer walls, solid walls, - Prefabrication contains ca. 3 286 elements (19 045 m2 of HC slabs – 16 873 m2 HC slabs, columns, balconies)
Slide 28: Residential, parking hall and kindergarten contract
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).
Slide 29: Selected realized contracts: Construction services
= Pekabex Selected realized contracts Construction services
Slide 30: Residential buildings construction contract
Construction contains 2 residential buildings: 5 800 m2 floor useable area. Prefabrication contains 1 856 elements (3-layer walls, 2-layer walls, filigrees, solid walls, stairs, solid slabs, landings).
Slide 31: Warehouse construction contract
Construction contains warehouse – total area ca. 102 000 m2. Prefabrication contains ca. 2 725 elements (docks, columns, girders, roof beams). The contract is realized by general contracting department.
Slide 32: Warehouse and office building contracts
Construction contains warehouse and office building. Construction contains warehouse and office facilities – total floor area ca. 7,6 thous. m2. Total floor area – almost 12 thous. m2. Prefabrication includes delivery and assembly of 1 200 elements (columns, beams, Prefabrication contains 372 elemen
Slide 33: Warehouse and office facility contracts
Construction contains warehouse and office facility. Total floor Construction contains warehouse with walefare and office area – almost 10 600 m2. facility. Total floor area – almost 47 286 m2. Prefabrication contains 694 elements (columns, girders, roof Prefabrication contains 1 342 elements (colum
Slide 34: Housing projects: Torun and Wloclawek
PFR Nieruchomosci | Torun UM | Wloclawek Housing project Housing project Construction contains residential complex of 8 buildings – area 15 Construction contains residential complex of 4 buildings – floor 665 m2. area ca. 15 600 m2. Prefabrication contains ca. 3 600 elements (triple-layered walls, P
Slide 35: New key projects
= Pekabex a Contract Contract Date Contractor Description Value (6) currency New key projects The subject matter of the agreement is the construction of a commercial park building complex in Kepno _5 service buildings September 14, eS with a retail area of up to 2000 m2 and 1 food service building 4
Slide 36: Assets
ASSETS 30.09.2021 30.09.2020 31.12.2020 Non-current assets Goodwill 17 331 12 286 17 331 Intangible assets 2 939 1 748 2 660 Property, plant and equipment 399 792 326 248 389 659 Investment properties 7 973 8 071 8 073 Investments in related parties 190 150 149 Investments in associates - - - Receiv
Slide 37: Equity and liabilities
EQUITY AND LIABILITIES 30.09.2021 30.09.2020 31.12.2020 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 827 24 827 24 826 Own shares (-) - - - Share premium 25 245 25 245 25 245 Other reserves 239 901 213 084 208 465 Retained earnings: 76 921 81 3
Slide 38: Income statement
od 01.07.2021 od 01.07.2020 od 01.01.2021 od 01.01.2020 do 30.09.2021 do 30.09.2020 do 30.09.2021 do 30.09.2020 Net sales 412 652 206 251 1 052 199 684 723 Net sales of finished goods and services 411 177 204 833 1 043 489 682 205 Net sales of goods and materials 1 475 1 418 8 710 2 518 Costs of sal
Slide 39: Cash flow from operating activities
od 01.07.2021 od 01.07.2020 od 01.01.2021 od 01.01.2020 Cash-flow from operating activities do 30.09.2021 do 30.09.2020 do 30.09.2021 do 30.09.2020 Net profit (loss) before tax 11 148 17 839 38 265 54 763 Adjustments for: Depreciation and impairment allowances of property, land and equipment 6 153 4
Slide 40: Cash flow from investing and financing activities
Cash flow from investing activities od 01.07.2021 od 01.07.2020 od 01.01.2021 od 01.01.2020 do 30.09.2021 do 30.09.2020 do 30.09.2021 do 30.09.2020 Purchase of intangible assets (919) (174) (1 280) (706) Sale of intangible assets - - - - Purchase of property, plant and equipment (6 187) (8 115) (16
Slide 41: Contact
Contact: Beata Żaczek Vice-President /CFO beata.zaczek@pekabex.pl This presentation was prepared exclusively for the benefit and internal use of the addressees and does not carry any right of publication or disclosure. The information contained in this presentation is private and confidential and co