Slide 1: TORPOL Group – Summary of 1H 2023
Conference of the Management Board of TORPOL S.A. TORPOL Group – Summary of 1H 2023 4 September 2023
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) is to provide information on the company Torpol SA 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 subs
Slide 3: Agenda
Agenda TORPOL Group after 1H23 4 Financial results 10 Backlog of orders 13 Investment plan for 2023 14 TORPOL OIL&GAS 15 Challenges, current objectives and prospects 16 Appendices 17 3 | www.torpol.pl
Slide 4: TORPOL Group after 1H2023
TORPOL Group after 1H2023 426.8 1.73 52.2 435.9 MN PLN BN PLN MN PLN MN PLN NET SALES REVENUE BACKLOG (NET) EBITDA in CASH (-12,1% ytd) (-7,7% yoy) (+32,1% yoy) (-39,3% yoy) 61.4 41.0 39.4 38.1 MN PLN MN PLN MN PLN MN PLN GROSS PROFIT PROFIT ON SALES OPERATING PROFIT NET PROFIT ON SALES (-45,0% yoy)
Slide 5: Summary of the overall situation of Group
Summary of the overall situation of Group A good financial situation The company maintains a stable financial position. Despite the y-o-y decline profitability ratios remain strong: the gross profit margin was 14.4%, the EBITDA margin 12.2% and the net margin 8.9%. All financial covenants are mainta
Slide 6: Summary of the overall situation of Group
Summary of the overall situation of Group The new National Railway Program (KPK – Krajowy Program Kolejowy) On 16 August 2023, the Council of Ministers adopted a resolution submitted by the Minister of Infrastructure on the establishment of the National Railway Program until 2030 (with an outlook un
Slide 7: Torpol S.A. – Important developments in 2023
Torpol S.A. – Important developments in 2023 High bidding activity for new contracts The Company has participated in 18 proceedings, including 14 conducted by PKP PLK. To date, Torpol (alone or in a consortium) has secured 3 contracts with a total net value of approximately PLN 1.02 billion (of whic
Slide 8: Other important developments in 2023
Other important developments in 2023 Following the selection of the most advantageous offer • selection of 11 July 2023 - "Works on railway line no. 38 on the section Giżycko - Korsze including electrification" for PKP PLK with a net value of PLN 876.8 million. • selection of 11 November 2022 - "Wor
Slide 9: Other important developments in 2023
Other important developments in 2023 Centralny Port Komunikacyjny sp. z o.o. (CPK) On 24 January 2023, CPK and Towarzystwo Finansowe Silesia sp. z o.o. (TFS) entered into a preliminary agreement to sell all shares in the Company held by TFS, representing 38% of the total voting rights in the Company
Slide 10: The financial situation
The financial situation Consolidated income statement Data in PLN thousand 1H23 1H22 Change in %/pp The Group's net sales revenue decreased by 7.7% y-o-y. and Sales revenue 426 808 462 249 -7,7% amounted to PLN 426.8 million, while the level of direct Cost of sales 365 373 368 942 -1,0% operating
Slide 11: The financial situation
The financial situation Consolidated balance sheet Data in PLN thousand 30/06/2023 31/12/2022 Change in %/pp At the end of June 2023, the Group's total assets reached PLN 942.7 million, a decrease of 3.7% year-on-year in the Balance sheet total 942 661 978 486 -3,7% reporting period. The structure
Slide 12: The financial situation
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand 1H23 1H22 Zmiana The balance of operating cash flow was negative and amounted to PLN -43.1 million (a significant decrease of PLN 92.6 million year-on- Net cash flows from operating activity
Slide 13: Current backlog (30/06/2023)
Current backlog (30/06/2023) BACKLOG (NET VALUE) 2023 2024 2025 2026 13.44 MN PLN Zadanie 2 Stacja Świnoujście 22.98 MN PLN DK 61 Legionowo – Zegrze Pd 5.9 MN PLN Koksownia Wałbrzych 8.13 MN PLN PKM Gdańsk 51.84 MN PLN Zaleskie Łęgi Szczecin 60.86 MN PLN Łódź tramwaj Wojska Polskiego 154.38 MN PLN S
Slide 14: Investment plan
Investment plan The investment plan for 2023 In 1H23, capital expenditure amounted to PLN 14.6 million. The level of investment mainly involved the continuation of the process of purchasing a track profiling Investments for 2023 (in PLN MN) machine for the production of ballast. The company has alre
Slide 15: TORPOL OIL&GAS
TORPOL OIL&GAS TOG carries out orders mainly for Grupa ORLEN S.A., but also for Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., and Gas Transmission Operator (OGP) GAZ-SYSTEM S.A. TOG participated in 10 proceedings, in which it submitted bids with a total net value of PLN 76.5 million, of which it won
Slide 16: Challenges and current objectives
Challenges and current objectives • Maintaining the Group's stable financial and liquidity position, above all in the form of a safety buffer to allow for the smooth operation in the market in the difficult year of 2023 and the equally challenging year of 2024, as well as for the planned intensifica
Slide 17: Appendices
torpo) APPENDICES
Slide 18: Consolidated financial indicators
Consolidated financial indicators 2,01 1,85 1,40 1,12 0,58 0,53 0,42 0,47 0,46 0,41 0,12 0,12 -1,63 -1,66 equity to assets ratio equity to fixed assets ratio debt ratio equity indebtedness short-term indebtedness long-term indebtedness net financial debt to EBIDTA 31.12.2022 30.06.2023 18 | www.torp
Slide 19: Profitability ratios for TORPOL Group
Profitability ratios for TORPOL Group 22,49% 20,19% 18,60% 16,13% 16,01% 14,39% 14,10% 12,24% 9,60% 9,23% 8,93% 8,94% 6,67% 3,97% Gross sales margin Profit margin on sales EBIDTA margin EBIT margin Net margin ROA ROE 30.06.2022 30.06.2023 The decrease in the individual profitability indicators is a
Slide 20: Shareholder structure (based on notifications received)
Shareholder structure (based on notifications received) 4 September 2023 Shareholder Number of shares (%) in capital 9,87% NN OFE CPK sp. z o.o. 8 728 600 38,00% 8,79% 38,00% PKO TFI NN OFE 2 266 962 9,87% CPK 5,10% PKO TFI 2 019 209 8,79% Mirbud Mirbud SA 1 170 722 5,10% Others 8 784 507 38,24% 38,
Slide 21: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 1H23 Structure % 1H22 Structure % Change Structure % Sales of services 426 478 99,9% 461 613 99,9% -35 135 -7,6% Revenues from sales of goods and products 330 0,1% 636 0,1% -306 -48,1% Sales revenues 426 808 100,0% 462 249 100,0% -35 441
Slide 22: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/06/2023 Structure % 31/12/2022 Structure % Change Change in % Fixed assets 221 020 23,4% 220 548 22,5% 472 0,2% Tangible fixed assets 111 894 11,9% 98 628 10,1% 13 266 13,5% Right-of-use assets 56 029 5,9% 69 159 7,1% -13 130 -19,0% G
Slide 23: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/06/2023 Structure % 31/12/2022 Structure % Change Change in % Equity 444 969 47,2% 407 518 41,6% 37 451 9,2% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 345 078 36,6% 162 333 16,6% 182 745 112,6% Share premium 54
Slide 24: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group in PLN thousand 1H23 1H22 Change in PLN thousand 1H23 1H22 Change Cash flows from operating activity Cash flows from investing activities Gross profit/loss 48 696 81 476 -32 780 Sale of fixed tangible assets and intangibles 396 374 22 Adjustments by items: -
Slide 25: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 1H23 Structure % 1H22 Structure % Change Structure % Sales of services 359 355 99,9% 441 160 99,9% -81 805 -18,5% Revenues from sales of goods and products 324 0,1% 239 0,1% 85 35,6% Sales revenues 359 679 100,0% 441 399 100,0% -81 720 -18,5% Cost of
Slide 26: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 30/06/2023 Structure % 31/12/2022 Structure % Change Change in % Fixed assets 221 673 25,5% 221 820 25,4% -147 -0,1% Tangible fixed assets 109 314 12,6% 97 095 11,1% 12 219 12,6% Right-of-use assets 54 768 6,3% 67 508 7,7% -12 740 -18,9% Goodwill 9 00
Slide 27: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 30/06/2023 Structure % 31/12/2022 Structure % Change Change in % Equity 446 317 51,3% 409 704 46,9% 36 613 8,9% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 344 983 39,6% 162 333 18,6% 182 650 112,5% Supplementary capital 54 617 6,
Slide 28: Financial results of TORPOL
Financial results of TORPOL in PLN thousand 1H23 1H22 Change in PLN thousand 1H23 1H22 Change Cash flows from investing activities Cash flows from operating activity Sale of fixed tangible assets and intangibles 396 374 22 Gross profit 47 645 83 180 -35 535 Acquisition of property, plant and equipme
Slide 29: Investor Relations Contact
TORPOL S.A. ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl Investor Relations Contact Łukasz Sychowski Director of Social Communication Office tel. +48 61 87 82 793 fax +48 61 87 82 790 l.sychowski@torpol.pl | ri@torpol.pl 29 | www.torpol.pl