Pkp Cargo Spolka Akcyjna · GPW:PKP

Pkp Cargo Spolka Akcyjna — PKP Cargo — H1 2023 Earnings Presentation

18 slides from Pkp Cargo Spolka Akcyjna's earnings presentation, Aug 28, 2023

1. Slide 1: PKP CARGO Group financial and operational results H1 2023

   PKP CARGO Group financial and operational results H1 2023 Warsaw, 28th August 2023

2. Slide 2: Agenda

   Agenda  Results summary 2  Operational results  Financial results  Outlook

3. Slide 3: PKP CARGO Group results 1H 2023

   PKP CARGO Group results 1H 2023 Strong financial results Revenues from contracts with Net profit EBITDA Freight volume customers 2 900 m PLN 110 m PLN 611 m PLN 42 m tons +65% y/y +18% y/y +152 m y/y profitability 21% -17 % y/y 3 CAPEX OPEX Freight turnover 962 m PLN 2 662 m PLN 11 632 m tkm +154% y

4. Slide 4: Agenda

   Agenda  Results summary 4  Operational results  Financial results  Outlook

5. Slide 5: Decrease in freight parameters in 1H 2023

   Decrease in freight parameters in 1H 2023 Freight turnover y/y Freight volume y/y bn tkm M tons 14,00 1H 2022 1H 2023 1H 2022 1H 2023 50,00 Solid fuels* Solid fuels* 12,00 Aggregates and Aggregates and 5,24 40,00 construction materials construction materials 10,00 25,45 Metals and ores Metals and or

6. Slide 6: Impact of seasonality on all cargo rail transport

   Impact of seasonality on all cargo rail transport HARD COAL TRANSPORT: The dynamics of changes that were noticeable on the international and domestic coal market influenced customers' decisions on coal demand in the first half of 2023. It resulted in changes in the volume and directions of transport

7. Slide 7: Consumption of traction electricity and traction fuel

   Consumption of traction Traction electricity consumption electricity and traction fuel Traction electricity and fuel costs in PKP CARGO Group Quarterly data (m PLN) -1,9% y/y  Increase by 18,6 %in costs of traction electricity in first half od 2023 y/y H1 300 257,4 results from similar increase on

8. Slide 8: PKP CARGO Group - CAPEX

   PKP CARGO Group - CAPEX Investments in modern rolling stock Rolling stock structure in numbers Train cars Locomotives PKP CARGO Group 53 142 1 565 CAPEX structure in 1H 2023 (m PLN) 1H 2022 1H 2023 y/y % y/y 9,3 66,7 +617,2% 23,1% Investment buildings 57,4 7 1,3% Purchases, periodic repairs and main

9. Slide 9: Agenda

   Agenda  Results summary 9  Operational results  Financial results  Outlook

10. Slide 10: Employment in PKP CARGO Group

    Employment in PKP CARGO Maintaining full operational efficiency by: Group  monitoring the level of employee departures for retirement benefits and appropriately responding to staff shortages in a given business area,  optimal use of human resources by introducing projects and processes that improv

11. Slide 11: Operating costs in challenging market environment

    Operating costs in challenging market environment Operating costs - structure and change in 1H 2023 1H 2022 1H 2023 y/y % y/y 11 m PLN Employee benefits Employee benefits 832,8 975,5 142,7 17,1% Consumption of traction electricity and 378,0 70,2 18,6% 448,2 Consumption of 37% traction fuel tranction

12. Slide 12: Cash flows, liabilities and funding sources

    Cash flows, liabilities and funding sources Improvement of financial structure Available funding sources as of 30.06.2023 Liabilities structure m PLN m PLN Cash 174,6 31.12.2022 30.06.2023 BGK S.A. PKO BP S.A Long-term 2.344,6 2.529,4 100,0 Bank Pekao S.A. Short-term 2.082,7 2.275,3 13,7 PKO Leasing

13. Slide 13: Financial subsidies for rail in Europe

    Financial subsidies for rail in Europe  DB CARGO - government aid in recent years has reached EUR 376 million  Maintains stability and cost EUR 376 m despite the company having incurred discipline, losses for over 10 years - in 2022, a loss of EUR 227 million.  ensures the profitability of freigh

14. Slide 14: Agenda

    Agenda  Results summary 14  Operational results  Financial results  Outlook

15. Slide 15: Stable prospects in a difficult market environment

    Stable prospects in a difficult Outlook and goals for the incoming market environment quarters: 1H 2023:  Focusing on the profitability of transport and striking a balance  Achieving very good between the price and the financial results by transported freight turnover, maintaining profitable contr

16. Slide 16: Intermodal terminal Karsznice

    Intermodal terminal Karsznice Development and investment in modern rolling stock Intermodal terminal located in Central Poland, at the junction of the main European east-west communication line and the north-south route connecting e.g. Adriatic, Baltic and North Sea.  located directly on the S8 rou

17. Slide 17: Intermodal terminal Karsznice

    Intermodal terminal Karsznice Offered services: Available equipment:  Transshipment and storage of  Containers transshipment equipment empty and loaded containers  Storage yard area 33 000 m2 with neutral and dangerous shipments  Smart systems optimizing Logistics operations, i.a:  Transshipmen

18. Slide 18: 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

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