Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — Q1 2024 Earnings Presentation
31 slides from Polimex - Mostostal Sa's earnings presentation, May 2024
Slide 1: Polimex Mostostal Capital Group Q1 2024 Financial Results
POLIMEX MOSTOSTAL CAPITAL GROUP Q1 2024 FINANCIAL RESULTS
Slide 2: We Build the Future
WE BUILD THE FUTURE MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 1
Slide 3: Polimex Mostostal Capital Group
Polimex Mostostal Capital Group The company implements specialised investments in Poland and abroad for the power, oil, gas and environmental protection industries. It is a manufacturer and exporter of steel structures, gratings, as well as provides services of galvanising and painting of steel stru
Slide 4: History of the Group
History of the Polimex Mostostal Capital Group BEGIN The Polimex Mostostal Capital Group means Establishment of Polskie Towarzystwo Eksportowo-Importowego Maszyn 78 years of tradition and business activity i Urządzeń Sp. z o.o Polimex Mostostal is a Company listed on the Establishment of the company
Slide 5: Business segments of the Group
Business segments of the Polimex Mostostal Capital Group The Polimex Mostostal Capital Group consists of companies with the following profiles: manufacturing and services, operating in key sectors: POWER SECTOR OIL, CHEMICALS INDUSTRIAL PRODUCTION INFRASTRUCTURE EQUIPMENT AND SERVICE AND GAS CONSTRU
Slide 6: Group employs 5,000 people
Polimex Mostostal Capital Group – Employees Polimex Mostostal Capital Group employs 5,000 people highly qualified personnel White collar workers Blue-collar workers: Presidents and directors almost 37.4% almost 62.6% over 2.5% Women - over 15.2% MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 5
Slide 7: Summary of the first quarter of 2024
Polimex Mostostal Capital Group Summary of the first quarter of 2024 PLN 603 million revenues from sales in Q1 2024 – compared to PLN 825 mln PLN in Q1 2023. Order portfolio of PLN 8,5 billion – more on the slaid 17. New offshore project offered in 2023 and signed in January 2024 : implementation of
Slide 8: Selected ongoing projects
Selected ongoing projects MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 7
Slide 9: Olefiny (oil, chemicals and gas segment project)
Strategic projects: Olefiny (oil, chemicals and gas segment project) Olefiny PACKAGE K-003 of the OSBL expansion package for the Olefins plant ▪ Total contract value: PLN 3,872 M net Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Dolna Odra (power segment project)
Strategic projects: Dolna Odra (power segment project) Dolna Odra Two new gas-steam units at PGE GiEK S.A. Dolna Odra Branch ▪ Total contract value: PLN 3,664 M net Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 9
Slide 11: Rybnik (power segment project)
Strategic projects: Rybnik (power segment project) Rybnik Construction of a gas-steam unit for Rybnik 2050 - PGE Group company ▪ Total contract value: PLN 3.05 billion + PLN 0.76 billion net ▪ Value of service contract: PLN 0.76 billion net Wykonawcy: Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 1
Slide 12: Czechnica (power segment project)
Strategic projects: Czechnica (power segment project) Siechnice New Combined Heat and Power Plant EC Czechnica at ZEW KOGENERACJA S.A. ▪ Total contract value: PLN 1,159 M net ▪ Value of service contract: PLN 118 M Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 11
Slide 13: Baltica (power segment project)
Strategic projects: Baltica (power segment project) Choczewo Construction of the onshore infrastructure required to derive power from the Baltica 2 project for PGE Group ▪ Total contract value: EURO 514,2 M net. Wykonawcy: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 12
Slide 14: Puławy (power segment project)
Strategic projects: Puławy (power segment project) Puławy New power unit with a capacity of 100 MWe and 300 MWt ▪ Total contract value: PLN 1,197 M net Contractor: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Kętrzyn (oil, chemicals and gas segment project)
Strategic projects: Kętrzyn (oil, chemicals and gas segment project) Kętrzyn Construction of a rapeseed oil pressing plant in Kętrzyn for Orlen Południe S.A. ▪ Total contract value: PLN 706 M net Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 14
Slide 16: Bydgoszcz (power segment project)
Strategic projects: Bydgoszcz (power segment project) Bydgoszcz Cogeneration unit with a capacity of min. 50 MWe and a heat source at PGE Energia Ciepła S.A. Branch Elektrociepłownia Bydgoszcz ▪ Total contract value: PLN 359.3 M net ▪ Value of service contract: PLN 110 M Contractors: MAI 2024 WWW.PO
Slide 17: Rzeszów-Jasionka (industrial construction segment project)
Strategic projects: Rzeszów-Jasionka (industrial construction segment project) Rzeszów Planning and construction of a LOT AMS aircraft maintenance base on the area of the Airport Rzeszów-Jasionka ▪ Total contract value: PLN 216 M net Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 16
Slide 18: Lesznowola (industrial construction segment project)
Strategic projects: Lesznowola (industrial construction segment project) Lesznowola Central Museum Collection Warehouse with park and necessary infrastructure ▪ Total contract value: PLN 117.3 M net Contractors: MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 17
Slide 19: Group order portfolio (in PLN billion)
Polimex Mostostal Capital Group order portfolio (in PLN billion) 9,0 8,5 7,8 8,0 5,2 4,7 2023 2023 2023 2023 2024 MARCH JUNE SEPTEMBER DECEMBER MARCH Order portfolio after completion in Q1 2024 r. in million PLN POWER OIL, CHEICALS PRODUCION OTHER AND GAS 3 169 4 025 403 916 MAI 2024 WWW.POLIMEX-MOS
Slide 20: New projects from 01/01/2024
New projects from 01/01/2024 net amounts in PLN recognised as share of the Polimex Mostostal Capital Group Baltica 2 onshore connection (value: PLN 849.0 million) Employer: Baltica 2 Wind Power Plant (Poland) Construction of a bypass of Ciechanowiec along provincial road No. 690 (value: PLN 105.1 M,
Slide 21: Value of currently tendered projects in companies (gross)
Value of currently tendered projects in companies (gross) 12 000 10 580 10 000 8 000 6 230 6 000 4 000 2790 2672 2 000 1 468 1 400 1 112 900 634 565 0 Estimated Share per Estimated Share per Estimated Share per Estimated Share per Estimated Share per value company value company value company value c
Slide 22: The Group's Q1 2024 financial results
The Polimex Mostostal Capital Group’s Q1 2024 financial results MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 21
Slide 23: Selected financial data (PLN million)
The Polimex Mostostal Capital Group’s Q1 2024 financial results Selected financial data (PLN million) Polimex Mostostal Capital Group 850 825 35 45 25 23 29 40 -27% 30 -131% 40 -98% 20 -152% 800 25 35 15 750 20 30 15 10 700 25 10 5 650 20 5 0 603 15 600 0 10 -5 -5 550 5 -10 -10 1 -9 500 -15 0 -15 -1
Slide 24: Selected results of Segments (in PLN million)
The Polimex Mostostal Capital Group’s Q1 2024 financial results. Selected results of Segments (in PLN million) NOTE PxM CG revenue PxM CG EBITDA PxM CG revenue Segments Segments Domestic/International▪ The largest sales revenue was achieved in the Production and 900 50 900 Energy Segments. Combined,
Slide 25: Financial flows and debt (in PLN million)
The Polimex Mostostal Capital Group’s Q1 2024 financial results. Financial flows and debt (in PLN million) Net debt* in relation to EBITDA LTM Net cash flows** H1 2023 Q3 2023 2023 Q1 2024 1H 2023 r. 3Q 2023 r. 2023 r. 1Q 2024 r. 0 500% 0 0 -100 -50 400% 380% -130 -200 300% -100 -300 200% -150 -400
Slide 26: Domestic market – Our customers and partners
Domestic market – Our customers and partners Customers Partners MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 25
Slide 27: International projects – Our Customers
International projects – Our Customers MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 26
Slide 28: International projects – Our Partners
International projects – Our Partners MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 27
Slide 29: Leader in Technical Safety
LEADER IN TECHNICAL SAFETY MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 28
Slide 30: Polimex Mostostal Capital Group – legal disclaimers
Polimex Mostostal Capital Group – legal disclaimers This material does not form part of, and should not be deemed to be an offer, solicitation to purchase any securities of Polimex Mostostal S.A (the “Company”), nor should it, in whole or in part, form the basis of, or be relied on in connection wit
Slide 31: Contact
CONTACT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa Phone +48 22,829 71 00 www.polimex-mostostal.pl www.polimex-mostostal.pl MAI 2024 WWW.POLIMEX-MOSTOSTAL.PL 30