Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q1 2024 Earnings Presentation
15 slides from Grupa Kety Sa's earnings presentation, Apr 18, 2024
Slide 1: Results for the 1st Quarter 2024
RESULTS FOR THE 1ST QUARTER 2024 DARIUSZ MAŃKO ROMAN PRZYBYLSKI RAFAŁ WARPECHOWSKI PRESIDENT OF THE VICE PRESIDENT OF THE BOARD MEMBER BOARD BOARD APRIL 18TH 2024
Slide 2: A good quarter despite a weak market
A GOOD QUARTER DESPITE A WEAK MARKET (-) POOR CONDITION INDICATORS ON MOST MARKETS (+) INCREASE IN SALES VOLUMES IN ALL SEGMENTS (+) IMPROVEMENT OF THE CAPITAL GROUP'S RESULTS DESPITE COMPETITIVE PRESSURE: EBITDA PLN 222M (+11% y/y) AND NET PROFIT PLN 150M (+11% y/y) 2
Slide 3: Raw material prices
RAW MATERIAL PRICES Billets premium (USD/t), DDP North Germany 900 800 700 600 500 400 300 Jan '23 Feb '23Mar '23Apr '23May '23Jun '23 Jul '23 Aug '23Sep '23 Oct '23Nov '23Dec '23 Jan '24 Feb '24Mar '24 • Despite the increase in aluminum prices at the end of the Prices of the LDPE and PP resins - IC
Slide 4: Increase in sales volumes
INCREASE IN SALES VOLUMES EPS ASS FPS • 8% increase in volume sales (y/y) • 9% increase in volume sales (y/y) • 4% increase in volume sales (y/y) • Revenue decline due to lower raw • Revenues at a similar level (y/y) after • Revenue decline due to lower raw material prices taking into account price
Slide 5: Consolidated financial results
CONSOLIDATED FINANCIAL RESULTS 5
Slide 6: Financial results in line with assumptions
FINANCIAL RESULTS IN LINE WITH ASSUMPTIONS 1Q 1Q PLNm change • Sales revenue: 2024 2023 - higher volumes amid poor economic Sales 1 239,6 1 373,0 -10% conditions on foreign markets EBITDA 222,5 200,5 +11% - lower prices of main raw materials EBITDA margin 18,0% 14,6% • EBITDA – increase in ASS and F
Slide 7: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT (PLNm) 1Q’24 1Q’23 change • Volume growth mainly to external customers. Volume sales (`000 t) 23,8 22,1 +8% Sales to ASS at a level comparable to last year Revenues 471,5 594,4 -21% Domestic 225,9 278,6 -19% • Decrease in revenues y/y mainly due to lower prices of aluminum
Slide 8: Aluminium Systems Segment
ALUMINIUM SYSTEMS SEGMENT (PLNm) 1Q’24 1Q’23 change Revenues 561,8 560,1 0% • A 9% increase in volume y/y allowed sales Domestic 353,4 323,4 +9% to be maintained at a level comparable to last year despite price reductions in Q3 International 208,4 236,7 -12% 2023 EBITDA 111,2 77,6 43% EBITDA margin
Slide 9: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT (PLNm) 1Q’24 1Q’23 change Volume sales (`000 t) • A 4% increase in sales volume 23,6 22,7 +4% Revenues 305,7 349,2 -12% • Decrease in sales in terms of value due to Domestic 146,9 170,7 -14% lower prices of raw materials and systematic International 158,8 178,4 -11% change
Slide 10: Implementation of investment projects
IMPLEMENTATION OF INVESTMENT PROJECTS CAPEX (PLNm) EPS PLN 61.5 million including: 150 33% of the a press with a pressure of 4000T and a warehouse annual plan 125 hall, a project increasing the production capacity of 99 99 99 100 SWW by approx. 15% to 125,000. tons/year, 75 62 56 extrusion of the fi
Slide 11: Financial ratios
FINANCIAL RATIOS Debt maturity structure Debt currency structure Net debt (PLNm)* / net debt/EBITDA ratio short term 1100 1,1 1,2 25% PLN; 0,9 76% 0,9 1,0 0,8 900 0,7 0,8 931 877 0,6 827 700 0,4 EUR; 698 23% 653 0,2 long term Other; 1% 500 0,0 75% 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 net debt net debt/EBIT
Slide 12: Summary – Outlook for the 2nd Quarter
SUMMARY – OUTLOOK FOR THE 2ND QUARTER MARKET OPERATIONS & FINANCES ENVIRONMENT INVESTMENTS • NO CHANGES IN THE CONDITION ON • PLANNED COMPLETION OF KEY • RECOMMENDATION OF THE THE MAIN MARKETS DEVELOPMENT PROJECTS MANAGEMENT BOARD REGARDING DIVIDEND LEVEL • POSSIBLE FURTHER INCREASES IN • MAINTAININ
Slide 13: Additional information
ADDITIONAL INFORMATION 13
Slide 14: Additional information
ADDITIONAL INFORMATION Volume sales (`000 t) 1Q’23 2Q’23 3Q’23 4Q’23 1Q’24 Extruded Products Segment 22,1 23,2 23,0 20,4 23,8 Flexible Packaging Segment 22,7 20,7 21,8 20,4 23,6 EBITDA by Segments (PLNm) 1Q’23 2Q’23 3Q’23 4Q’23 1Q’24 Extruded Products Segment 76,0 87,4 70,7 64,2 50,7 Aluminium Syste
Slide 15: Legal Note
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undert