Pkp Cargo Spolka Akcyjna · GPW:PKP
Pkp Cargo Spolka Akcyjna — PKP Cargo — FY2022 Earnings Presentation
26 slides from Pkp Cargo Spolka Akcyjna's earnings presentation, Apr 5, 2023
Slide 1: PKP CARGO Group financial and operational results for 2022
PKP CARGO Group financial and operational results for 2022 Warsaw, 5 April 2023
Slide 2: Agenda
Agenda Results summary 2 Operational results Financial results Key development areas
Slide 3: PKP CARGO Group results 2022
PKP CARGO Group results 2022 Strong financial results Revenues from contracts with Net profit EBITDA customers 148 mn PLN 1 066 mn PLN 5 390 mn PLN +26% y/y +373 mn PLN y/y +108% y/y profitability 20% 3 CAPEX OPEX 776 mn PLN 5 055 mn PLN -15% y/y +12% y/y
Slide 4: PKP CARGO Group key areas
PKP CARGO Group key areas Growth in all areas of business activities IMPROVEMENT AND GROWTH OF SALES BK16 Improvement in clients service (CMS) COMMERCE Intensive commercial growth and acquisions of new clients Development of commercial offers – new, complex services Infrastructure growth, terminals
Slide 5: Slajd 4 BK16 customer service?
Slajd 4 BK16 customer service? Bruliński Krzysztof; 2023-04-04
Slide 6: Success pillars 2022
Success pillars 2022 5 Development of cooperation in 7 Revenue countries: Lithuania, Coal contracts - Agreement with the improvement due to Slovakia, Slovenia, strategic importance employees that market adjustment Austria, Czechia, for energy security ended the collective for freight rates Germany a
Slide 7: Agenda
Agenda Results summary 6 Operational results Financial results Key development areas
Slide 8: Freight turnover growth, stable freight volume
Freight turnover growth, stable freight volume freight turnover, bn tkm Freight transport y/y freight volume, mn ton Freight transport y/y 30,00 110,00 2021 2022 2021 2022 100,00 25,00 Solid fuels* 90,00 Solid fuels* Aggregates and 11,69 80,00 Aggregates and 9,58 construction materials 52,1 construc
Slide 9: Hard coal transport
Hard coal transport We provide energy safety As of April there has been embargo imposed on transports from Russia Hard coal – freight volume 46,2 mn tons and Belarus (ths tons) Solid fuels freight volume has been 12 751 12 967 14 000 12 000 11 119 11 069 11 560 12 492 10 504 steady in 2022 compared
Slide 10: Slajd 8 BK17 kosmetyk
Slajd 8 BK17 kosmetyk Bruliński Krzysztof; 2023-04-04 BK18 embargo Bruliński Krzysztof; 2023-04-04
Slide 11: Aggregates and construction materials – PKP CARGO Group
Aggregates and construction materials Aggregates and construction Freight turnover, bn tkm materials – PKP CARGO Group 5,50 5,13 +7,1% Catching up on transports due to be completed in 2021 Increased demand for constructioon materials due to intensified building works of roads, bridges and other infr
Slide 12: Intermodal – PKP CARGO Group
Intermodal Intermodal – PKP CARGO Group Freight turnover, bn tkm Difficulties in infrastructure capacity due to ongoing repairs and 4,54 -21,3% modernizations of train tracks in Gdańsk and Gdynia area. Coal transports were 3,58 BK19 given higer priority in order to secure to enegry provisions Ineffi
Slide 13: Slajd 10 BK19 supply
Slajd 10 BK19 supply Bruliński Krzysztof; 2023-04-04 BK20 wlk litera Bruliński Krzysztof; 2023-04-04 BK21 transports (literówka) Bruliński Krzysztof; 2023-04-04
Slide 14: Metals and ores – PKP CARGO Group
Metals and ores Metals and ores – PKP CARGO Freight turnover, bn tkm Group -7,5% BK22 Domestic and international slowdown in steel demand reflected in decrease of metals and ores transport. Poland in the past imported raw steel and steel 2,15 products from Russia, Ukraine and Belarus. Ukriane was al
Slide 15: Slajd 11 BK22 łącznie
Slajd 11 BK22 łącznie Bruliński Krzysztof; 2023-04-04
Slide 16: Agenda
Agenda Results summary 12 Operational results Financial results Key development areas
Slide 17: Operating costs in challenging market environment
Operating costs in challenging market environment Operating costs - structure and change 2022 2021 2022 y/y % y/y mn PLN Employee benefits 1 622,05 1 738,4 116,4 7,2% 34% 15% Consumption of traction electricity and traction fuel 550,2 762,5 212,3 38,6% Access to infrastructure costs 530,0 562,5 32,5
Slide 18: Employment in PKP CARGO Group
Employment in PKP CARGO Ensuring full operational efficiency Group retirement; technical optimization of some processes allowing to decrease employment; market environment and limited 14 availability of highly qualified employees; Employment costs per freight turnover Employment costs (PLN/ ths tkm)
Slide 19: Consumption of traction electricity and traction fuel
Consumption of traction Traction electricity and fuel electricity and traction fuel consumption Traction electricity and fuel costs in PKP CARGO Group +38,6% y/y Quarterly data (mn PLN) 200 183,5 194,5 194,2 190,3 PKP CARGO Group has observed 150 138,4 144,8 146,8 growth in freight turnover which 12
Slide 20: PKP CARGO Group - CAPEX Investing in modern rolling stock
PKP CARGO Group - CAPEX Investing in modern rolling stock Train cars Locomotives Rolling stock structure in numbers PKP CARGO Group 53 459 1 547 CAPEX structure 2022 (mn PLN) 2021 2022 y/y % y/y 16 Purchases, periodic repairs and maintenance of 510,1 510,4 0,3 +0,1% train cars Modernization and peri
Slide 21: Cash flows, liabilities and funding sources
Cash flows, liabilities and funding sources Improvement of financial structure Available funding source as of 31.12.2022 Liabilities structure mn PLN mn PLN Cash and cash equivalents 100,0 31.12.2021 31.12.2022 58,7 BGK S.A. 181,5 Long-term 2.833,8 2.344,6 101,6 PKO BP S.A Short-term 1.739,0 2.082,7
Slide 22: Agenda
Agenda Results summary 18 Operational results Financial results Key development areas
Slide 23: Strategy
Strategy Strategic goal: Maintaining no 1 position in the area of North - South Corridor and New Silk Road in EU – both in terms of freight turnover and volume. 19
Slide 24: PKP CARGO Group's development areas
PKP CARGO Group’s development areas We are building international logitstics operator position International position Growth and investments PKP CARGO Group Strategy 20 North - South Corridor and Investment in modern rolling stock PKP CARGO Group has started Tri-Seas Initiative with priority - 12 ne
Slide 25: Slajd 20 BK23 8 jest razem z Polską
Slajd 20 BK23 8 jest razem z Polską Bruliński Krzysztof; 2023-04-04
Slide 26: Thank you
Thank you Please fill free to contact Investors Relations Team in order to obtain more information PKP CARGO S.A. ul. Grójecka 17 02-021 Warszawa e-mail: relacje.inwestorskie@pkpcargo.com phone: +48 22 391 46 67