Slide 1: Presentation of Bowim Group
PRESENTATION OF BOWIM GROUP WARSZAWA, 2020 R. 2019 R. WARSZAWA,181112GRUDNIA
Slide 2: Agenda
Agenda 01 About Bowim Group 02 Financial results Q1-Q3 2020 2020 MAJA R.R. R. 20202020 03 Material events in 2020 and prospects XXX 12 XXXX WARSZAWA,18 WARSZAWA, 2
Slide 3: Leading player on the Polish market
Leading player on the Polish market Volumes processed of close to 550,000 tonnes in 2019 3rd place in the PUDS ranking among the largest polish independent steel distributor* Nearly PLN 1.4 billion revenue in 2019 R.R. R. 6 000 customers 20202020 Modern distribution, sales and 2020 MAJA manufacturin
Slide 4: Business segments
Business segments TRADE SERVICE CENTRE REINFORCEMENT PLANT End-to-end distribution of carbon steel products from Polish Passat – Stal S.A. is a steel service centre offering largely ▪ The company delivers reinforcement cages and pile and foreign manufacturers. The goods offered include: processed pr
Slide 5: Group companies
Bowim-Podkarpacie Sp. z o.o. Bowim S.A. 12MAJA WARSZAWA,18XX WARSZAWA, R. R. 2020 2020 Passat-Stal S.A. 5
Slide 6: Company authorities | Shareholding
Company authorities | Shareholding Management Board: Shareholding structure by votes as of 15/12/2020 “Bowim” S.A. - as part of the buyback NAME FUNCTION AREA OF RESPONSIBILITY Adam Kidała Vice President of the Economy & Finance Jacek Rożek 14,23% Board Strategy and development 26,45% 6,42% Jacek Ro
Slide 7: History of business development
History of business development 1995 1999 2001 2005 2007 2010 2011 2012 2015 2017 2020 Company Joining the Transformation Establishment Acquisition of Acquisition of Acquisition of Listing on the Acquisition of Implementation Acquisition of establishment Polish Union of into a joint- of Bowim 80% of
Slide 8: Group Structure
Group Structure 100% 80 sales representatives Distribution of steel products 14 distribution Service centre with a outlets capacity of 180 ths tonnes Bowim Group 100% Bowim S.A. Parent company Reinforcement with R.R. R. an annual capacity 20202020 of 42 000 tonnes 2020 MAJA XXX Reinforcement plant w
Slide 9: Assets | Geographical range
Assets | Geographical range The Company's headquarters and the central warehouse are located in Sosnowiec - the purchasing centre as well as the distribution and logistics centre; ❖ The distribution network covers entire Poland and is composed of the following: ❖ Transshipment warehouse in Sławków;
Slide 10: Agenda
Agenda 01 About Bowim Group 02 Financial results Q1-Q3 2020 2020 MAJA R.R. R. 20202020 03 Material events in 2020 and prospects XXX 12 XXXX WARSZAWA,18 WARSZAWA, 10
Slide 11: External environment - Poland
External environment - Poland Continuation of infrastructure and construction Impact of SARS-CoV-2 coronavirus on steel investments, including those supported by EU funds markets In January 2020, a new, unexpected threat appeared, which is likely to be of National Railway Programme, investments in t
Slide 12: Prices of steel products
Prices of steel products 3 000 I-IIIQ 2019 I-IIIQ 2020 2 900 2 800 2 700 2 600 2 500 2 400 2 300 2 200 R.R. R. 2 100 20202020 2 000 2020 MAJA 1 900 XXX 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 WA
Slide 13: Consolidated financial results in the period Q1-Q3 2020
Consolidated financial results in the period Q1-Q3 2020 OPERATING EBITDA (PLN REVENUE (PLN million) -14,7% 34,1% million) 2,2% 1,4% 1 026,6 876,1 18,8 14,0 R.R. R. 20202020 IIIQ 2020 IIIQ 2019 IIIQ 2020 IIIQ 2019 2020 MAJA NET PROFIT (PLN XXX 12 EBIT (PLN million) XXXX million) WARSZAWA,18 42,9% 427
Slide 14: Business segments - financial data by segments
Business segments Financial data by segments TRADE PRODUCTION OF REINFORCEMENT OTHER PRODUCTION (’000 PLN) IIIQ 2020 IIIQ 2019 IIIQ 2020 IIIQ 2019 IIIQ 2020 IIIQ 2019 Revenue 658 522 803 576 108 177 94 015 106 218 124 627 Costs 649 674 795 801 107 110 93 100 103 631 126 697 Gross profit/loss on sale
Slide 15: Sale structure
Sale structure Product line structure of the group* *without services Sheets IIIQ 2020 IIIQ 2019 Description Value [’000 PLN] Share [%] Quantity [t] Value [’000 PLN] Share [%] Quantity [t] Metal sheet and plate 305 117 35% 131 486,0 381 980 37% 145 335 Sections 75 957 9% 32 873,0 110 104 11% 43 055
Slide 16: Suppliers structure
Suppliers structure Share of major suppliers Diversification of supply directions to Bowim Group ▪ Deliveries from several dozen domestic and foreign manufacturers; ▪ The Company selects basic suppliers for each product line, and supplies are supplemented on an ongoing basis by purchases from less i
Slide 17: Structure of suppliers and customers
Structure of suppliers and customers Sales structure by industry Share of major customers 1% 1% ▪ Bowim S.A. supplies steel to all steel-intensive industries in Poland; ▪ Sales are based not only on the largest customers - TOP10 customers 7% 8% account for 14% of revenues (data for Q1-Q3 2020); Ener
Slide 18: Agenda
Agenda 01 About Bowim Group 02 Financial results Q1-Q3 2020 2020 MAJA R.R. R. 20202020 03 Material events in 2020 and prospects XXX 12 XXXX WARSZAWA,18 WARSZAWA, 18
Slide 19: Strategy for 2017-2020
On 17 October 2017 we published the strategy for 2017-2020 Our overriding goal for 2017-2020 is to strengthen the Company’s position on the key markets for the distribution of R.R. R. 20202020 steel products and increase its value. WARSZAWA,18 WARSZAWA, 12 XXXX 2020 MAJA XXX 19
Slide 20: 2017 – 2020 Strategy
2017 – 2020 Strategy Expansion of logistics & distribution centre in Sosnowiec 1 (2020) Total investment value: EUR 8.1 m Investment executed to-date: 100% Various logistics-related investments: launching of 3 overpasses, construction and launching of a new warehouse, construction of a railway sidin
Slide 21: Material events in 2019 - 2020
Material events in 2019 - 2020 Construction of a 12.900 m2 canopy roof XXX 12 XXXX WARSZAWA,18 WARSZAWA, 2020 MAJA R.R. R. 20202020 Completion: construction works on the property located in Sosnowiec, consisting of canopy roofing including deliveries and erection of steel structure and steel decking
Slide 22: Material events in 2020
Material events in 2020 ❑ Status regarding the complaint of the Director of Tax Administration in Katowice on the judgment of the Voivodeship Administrative Court in Gliwice: ❑ 21 November 2019 The Supreme Administrative Court dismissed the cassation appeal of the Director of the Fiscal Administrati
Slide 23: Deliveries of steel for selected contracts
Deliveries of steel for selected contracts Generation Park - Warszawa Bridge on the Dunajec river – Kurów Expansion of the National Road 81 - Katowice Completion: 1Q 2019 / 1Q 2020 Completion: 4Q 2019 / 4Q 2020 Completion: 2Q 2019 / 2Q 2020 R.R. R. Net value: 9,8 mln PLN Net value : 5,8 mln PLN Net
Slide 24: Market opportunities
Market opportunities Energetics and gas Roads and railways Real estate pipelines 142 bn PLN Continuation of the good situation on the real 140 bn EUR National Roads Construction Programme estate market: Draft of Polish Energy Policy until 2014-2023 2040 ▪ favorable macroeconomic environment (continu
Slide 25: Investment rationale
INVESTMENT RATIONALE • 3rd largest polish independent steel distributor on attractive and prospective Polish steel market* • Attractive distribution channel for steel producers, with ca. 550 ths tonnes of steel sold in 2019 • Solid base for expansion in Central Europe as well as potential access to
Slide 26: Questions
Q&A Section Questions WARSZAWA, WARSZAWA, WARSZAWA, 12 18XX GRUDNIA 11XXX 2020 2020 R. R.2019 R.
Slide 27: Thank you for your attention
Thank you for your attention Contact Bowim S.A. ul. Niwecka 1 E tel.: +48 32 392 93 00 e-mail: firma@bowim.pl 41-200 Sosnowiec www: www.bowim.pl