Slide 1: mWIG40 Results presentation FY 2023
mWIG40 Results presentation FY 2023 April 25, 2024
Slide 2: Three diversified business segments
Three diversified business segments Mo-BRUK operates in three complementary areas of waste management, with particular specialization in waste recovery. Incineration of Solidification industrial and and stabilisation Production of RDF Other activities medical waste of waste ▪ We produce energy We pr
Slide 3: Market trends 2023+
Market trends 2023+ Extended producer responsibility for waste introduced into circulation: • further limiting the grey area • favoring entities with their own processing facilities • waste stream control requires integration at earlier stages of production (upstream) Incineration of Solidification
Slide 4: Above-average results on the core business EBITDA margin 52%
Above-average results on the core business Revenues (PLN million) 300 250 53.4 24.0 1.3 200 15.5 150 100 213.8 221.1 217.1 162.9 50 EBITDA margin 52% 0 2020 2021 2022 2023 revenues from core business "eco bombs" revenues EBITDA (PLN million) and EBITDA margin (%)* EBITDA profitability from the core
Slide 5: Scale of operations – consolidated data
Scale of operations – consolidated data Revenues (PLN million) +x% % c hange y/y EBITDA (PLN million) and EBITDA margin (%) 300 267.2 - 9.0% - 2.6% 243.4 160 151.3 70% 250 +49.7% 237.0 58% 140 57% 60% 117.3 46% 200 178.5 120 48% 109.1 103.1 50% 100 150 40% 80 30% 100 60 20% 40 50 20 10% 0 0 0% 2020
Slide 6: Business structure
Business structure Revenues by segment (PLN million) Volume of processed waste (thousand tonnes) 300 267.2 300 262.8 256.4 243.4 245 237.0 250 19.0 250 224.2 22.3 20.4 178.5 52.8 86.0 101.7 200 46.5 42.9 200 89.5 62.8 15.9 150 72.4 150 34.3 78.6 92.1 100 60.5 100 144.7 144 136.1 132.8 123.0 50 96.0
Slide 7: Cost structure on the core business
Cost structure on the core business* Specification in PLN million 2022 2023 Change Year-over-year Revenues -4.0 increase in cost value of PLN 13.6 221.1 217.1 Share of operating expenses in total revenues 48% 55% 7 pp. million Operating expenses: 106.4 120.0 13.6 ▪ T he cost increase of 57% is due t
Slide 8: Implementation of the M&A strategy
Implementation of the M&A strategy ▪ In November 2023, the Group finalized the acquisition of 95% of the shares in El-Kajo, which operates in the consolidation and stabilization segment. ▪ As a result of this transaction, the Group increased its waste processing permits and production capacities fro
Slide 9: mWIG40 Investment program
mWIG40 Investment program
Slide 10: Investments: projects and locations
Investments: projects and locations XII 2022 2023 2024 2025 Karsy Spalarnia: 135 PLN million Niecew: 25 PLN million Skarbimierz: 20 PLN million Karsy RDF: 25 PLN million RAF Ekologia: 10 PLN million IT - all functions: 1,5 PLN million 10
Slide 11: Karsy: incineration plant modernization
Karsy: incineration plant modernization ▪ The w ork stoppage at the facility occurred on November 25, 2023. ▪ The investment is proceeding according to the planned schedule. ▪ The completion of the modernization is anticipated for early July 2024. ▪ The main goal of the modernization is to adapt to
Slide 12: Niecew: facility modernization
Niecew: facility modernization ▪ The valid building permit w as obtained on February 9, 2024. ▪ The plant has a valid environmental decision. ▪ The process of adapting the facility to the requirements of the Best Available Techniques (BAT), including applying for temporary BAT, is ongoing. ▪ An appl
Slide 13: Skarbimierz: facility modernization
Skarbimierz: facility modernization ▪ T he modernization project at the Skarbimierz facility w ill be completed by mid-2025. ▪ T he facility has a valid environmental decision. ▪ In 2023, the facility w as adapted to the requirements of the Best Available Techniques (BAT). ▪ Currently, the process o
Slide 14: Karsy: RDF
Karsy: RDF Investment in a New RDF Production Line ▪ Purchase of a new production line with a capacity of 140,000 tons per year for 15-17 million PLN. ▪ The plan envisages replacing two existing lines with one, more modern line. ▪ The modernization of the production hall and the expansion of the was
Slide 15: RAF Ekologia
RAF Ekologia Investments include: • Increasing capacity by 1 thousand tons annually. • Installation of a power turbine. • Construction of wells and demineralization installations. • Construction of a transformer and distribution station. 15
Slide 16: mWIG40 Q&A
mWIG40 Q&A
Slide 17: Disclaimers
Disclaimers T his document has been prepared by Mo-BRUK S.A. (“Mo- BRUK”) with registered office in Niecew 68, Korzenna 33-322, entered in the register of entrepreneurs of the National Court Register kept by the District Court for Kraków -Śródmieście in Kraków , 12th Economic Div ision of the Nation