Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — H1 2023 Earnings Presentation
28 slides from Polimex - Mostostal Sa's earnings presentation, August 2023
Slide 1: Polimex Mostostal Capital Group H1 FY2023 - Financial Results
POLIMEX MOSTOSTAL CAPITAL GROUP H1 FY2023 - FINANCIAL RESULTS
Slide 2: We Build the Future
WE BUILD THE FUTURE August 2023 WWW.POLIMEX-MOSTOSTAL.PL 1
Slide 3: Polimex Mostostal Capital Group
Polimex Mostostal Capital Group The company carries out specialized investments in Poland and abroad for the energy, petrochemical, gas and environmental protection industries. It is a producer and an exporter of steel structures and platform gratings. It also provides services in the galvanizing an
Slide 4: Business segments of Polimex Mostostal Capital Group
Business segment's of Polimex Mostostal Capital Group Polimex Mostostal Capital Group consists companies operating in the following key sectors: POWER SECTOR OIL, GAS INDUSTRIAL MANUFACTURING INFRASTRUCTURE EQUIPMENT AND SERVICES AND CHEMICAL CONSTRUCTION BASE August 2023 WWW.POLIMEX-MOSTOSTAL.PL 3
Slide 5: Location of Polimex Mostostal Capital Group Companies
Lokalizacje Location of Spółek PolimexGrupy Mostostal Kapitałowej Capital Group MOSTOSTAL SIEDLCE SP. Z O.O. POLIMEX MOSTOSTAL B.V. ul. Terespolska 12 Zuid Hollandlaan 7, The Hague 2596 AL 08-110 Siedlce Netherlands Haga Płock ZAKŁAD W RUDNIKU Sokołów Podlaski ul. Stalowa 5 37-420 Rudnik Siedlce Rog
Slide 6: Polimex Mostostal Capital Group – employees
Polimex Mostostal Capital Group – employees Polimex Mostostal Capital Group 5,000 highly qualified staff white-collar workers blue-collar workers directors almost 36% almost 64% over than 25% women: almost 14% August 2023 WWW.POLIMEX-MOSTOSTAL.PL 5
Slide 7: Polimex Mostostal – summary of H1 2023
Polimex Mostostal – summary of IH 2023 ▪ PLN 34 million net profit for H1 2023. - decrease of PLN 55 million (-62% y/y) ▪ PLN 1,654 million in sales revenue for H1 2023. - decrease by PLN 250 million (- 13% y/y) ▪ Order portfolio worth PLN 7.8 billion ▪ New strategic contract in the oil, chemicals,
Slide 8: Selected ongoing deliveries
Selected ongoing deliveries August 2023 WWW.POLIMEX-MOSTOSTAL.PL 7
Slide 9: Strategic Projects: Puławy (coal power)
Strategic Projects: Puławy (coal power) Puławy New coal power unit with the capacity of 100 MWel and 300 MWth ▪ Total value of the contract: PLN 1,197 million net Contractor: August 2023 WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Strategic Projects: Dolna Odra (gas power)
Strategic Projects: Dolna Odra (gas power) Dolna Odra Two new CCGT power units at Dolna Odra Power Station ▪ Total value of the contract: PLN 3,650 million net Contractors: August 2023 WWW.POLIMEX-MOSTOSTAL.PL 9
Slide 11: Strategic Projects: Siechnice (gas power)
Strategic Projects: Czechnica (gas power) Siechnice New CCGT CHP plant for ZEW KOGENERACJA S.A. ▪ Total value of the contract: PLN 1,159 million net ▪ LTSA value: PLN 118 million net Wykonawcy: August 2023 WWW.POLIMEX-MOSTOSTAL.PL 10
Slide 12: Strategic Projects: Bydgoszcz (gas power)
Strategic projects: Bydgoszcz (gas power) Bydgoszcz New gas-fired cogeneration source with a capacity of min. 50 MWel based on gas engines and a reserve-peak heat source for PGE Energia Ciepła S.A. Oddz. Elektrociepłownia Bydgoszcz ▪ Total value of the contract: PLN 359.3 million net ▪ LTSA value: P
Slide 13: Strategic Projects: Rzeszów (gas energy)
Strategic Projects: Rzeszów (gas energy) Rzeszów Construction of a gas-fired boiler plant with a capacity 186 MWth for PGE Energia Ciepła S.A. Oddz. Ec Rzeszów ▪ Total value of the contract: PLN 78.4 million net Contractors: August 2023 WWW.POLIMEX-MOSTOSTAL.PL 12
Slide 14: Strategic Project: Olsztyn (infrastructure)
Strategic Project: Olsztyn (infrastructure) Olsztyn Extension of tram network in Olsztyn ▪ Total value of the contract: PLN 394 million net Contractors: August 2023 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Strategic Projects: Lesznowola (general construction)
Strategic Projects: Lesznowola (general construction) Lesznowola Central Museum Collections Warehouse with associated park and required infrastructure ▪ Total value of the contract: PLN 117.3 million net Contractors: August 2023 WWW.POLIMEX-MOSTOSTAL.PL 14
Slide 16: Polimex Mostostal Capital Group Order Book (in billion PLN)
Polimex Mostostal Capital Group Order Book (in billion PLN) 47,8 4,4 4,0 5,2 4,7 , 7 2022 2022 2022 2023 2023 JUNE SEPTEMBER DECEMBER MARCH JUNE Order portfolio after HI 2023 r. in million PLN POWER SECTOR OIL, GAS, PRODUCTION OTHERS CHEMICALS 2 791 3 647 466 870 August 2023 WWW.POLIMEX-MOSTOSTAL.PL
Slide 17: New projects as from 01.01.2023 (net values)
New projects as from 01.01.2023 (net values) ▪ Olefiny lll - K-003 PACKAGE from the OSBL scope of the Olefiny plant expansion package (value: PLN 3.43 billion), Client: ORLEN S.A. (Poland) ▪ Construction of an 882 MW gas and steam unit in Rybnik and subsequent long-term maintenance (value: PLN 3.05
Slide 18: Value of Currently Offered Projects in the Companies (gross)
Value of Currently Offered Projects in the Companies (gross) 12 070 12 000 10 000 8 000 6 720 6 000 5 545 4 475 4 000 3103 3103 2 000 939 806 81 81 0 Szacowana Udział na Company’s Szacowana Company’s Udział na Szacowana Company’s Udział na Szacowana Udział na Szacowana Udział na Estimated wartośćval
Slide 19: Selected financial data for first half of 2023
SELECTED FINANCIAL DATA FOR FIRST HALF OF 2023 August 2023 WWW.POLIMEX-MOSTOSTAL.PL 18
Slide 20: Selected financial data (in million PLN)
Financial results of the Polimex Mostostal Capital Group for H1 2023 Selected financial data (in million PLN) Polimex Mostostal Capital Group 2 100 120 140 129 100 109 89 1 904 90 1 900 -13% 100 -41% 120 -33% -62% 1 654 80 1 700 100 86 70 80 1 500 60 64 80 1 300 60 50 60 40 34 1 100 40 40 30 900 20
Slide 21: Segments of the Capital Group (in million PLN)
Financial results of the Polimex Mostostal Capital Group for H1 2023 Segments of the Capital Group (in million PLN) Revenue by the sector EBITDA PxM CG Revenue PxM CG PxM CG Segments Poland/Abroad IH 2023 vs IH 2022 IH 2023 vs IH 2022 IH 2023 vs IH 2022 COMMENT 2 86 160 ▪ The largest sales revenues
Slide 22: Financial flows and indebtedness (in million PLN)
Financial results of the Polimex Mostostal Capital Group for H1 2023 Financial flows and indebtedness (in million PLN) Net cash flow** Net debt* in relations to EBITDA LTM 0 0% 100 67 3Q 2022 r. 2022 r. 1Q 2023 r. 1H 2023 r. -100 -50% 0 3Q 2022 r. 2022 r. 1Q 2023 r. 1H 2023 r. -200 -167-102% -100% -
Slide 23: Domestic Market – Our Clients and Partners
Domestic Market – Our Clients and Partners Klienci Partnerzy August 2023 WWW.POLIMEX-MOSTOSTAL.PL 22
Slide 24: International projects – Our Clients
International projects – Our Clients August 2023 WWW.POLIMEX-MOSTOSTAL.PL 23
Slide 25: International projects – Our Partners
International projects – Our Partners August 2023 WWW.POLIMEX-MOSTOSTAL.PL 24
Slide 26: Naftoremont-Naftobudowa recognized by TotalEnergies
Naftoremont-Naftobudowa sp. z o.o., a Polimex Mostostal Group company, was doubly recognized by TotalEnergies and ranked: 1st place in "Categorie TA big B/C > 20.000 uren" — Turn Around (plant overhaul as part of planned downtime) and 2nd place in "Categorie medium B/C — 25,000-50,000 uren" — Tank M
Slide 27: Technical Safety Leader
TECHNICAL SAFETY LEADER August 2023 WWW.POLIMEX-MOSTOSTAL.PL 26
Slide 28: Polimex Mostostal Capital Group – Legal Disclaimer
Polimex Mostostal Capital Group – Legal Disclaimer This material is not part of, nor should be considered an offer or an incentive to purchase securities of Polimex Mostostal S.A. (the "Company"). The material should not constitute, in whole or in part, any grounds for, nor should it be referred to