Poznanska Korporacja Budowlana Pekabex Sa · GPW:PBX
Poznanska Korporacja Budowlana Pekabex Sa — Pekabex — Q3 2024 Earnings Presentation
38 slides from Poznanska Korporacja Budowlana Pekabex Sa's earnings presentation, November 2024
Slide 1: Investors’ Presentation
Investors’ Presentation Poznan, November 2024
Slide 2: Safe Development: Mission and Vision
SAFE DEVELOPMENT MISSION We believe that prefabrication is the technology of the future in construction VISION We want to be top 5 in Europe to create new trends and build sustainable, effective and beautiful buildings 2
Slide 3: Key numbers in 3Q 2024
Key numbers in 3Q 2024 Solid fundamentals create basis for dynamic development #1 2 467 148 134 m3 PLN 1 851 m PLN 1 224 m Leading Polish Number of employees1 Prefabricated elements Value of backlog as Revenues manufacturer produced of 30.09.20242 PLN 70 m PLN 27 m PLN 247 m PLN 193 m PLN 533 m www.
Slide 4: Backlog
Backlog* Strong, well-diversified backlog Backlog (thous. PLN) › Pekabex Group systematically builds significant and well-diversified backlog, which will fill the 1 850 732 production in following years. It contains aggregated value of signed contracts (or planed on the budget in the case of develop
Slide 5: Financial Stability
Financial Stability Strategic growth Volume of production ('000 m3) Revenues (mPLN) 1 678 1 505 1 566 266 264 1 256 204 206 206 1 183 1 224 175 182 952 160 886 140 144 148 772 623 505 71 77 351 328 EBITDA (mPLN) Net profit (mPLN) 139 128 112 89 84 90 82 67 69 70 58 61 55 51 49 52 48 41 36 30 38 34 3
Slide 6: Financial Stability: Revenue and margins
Financial Stability Revenue and margins (thous. PLN, %) Revenues* EBITDA, EBITDA margin* 1 255 535 1 223 752 1 183 212 17,3% 15,9% › The 1-3Q of 2024 have been and continue to be difficult for the construction sector. 111 510 10,3% 90 216 › Still high inflation, interest rates and 9,4% 69 674 changi
Slide 7: Selected Financial Data by Segments
Selected Financial Data by Segments Revenue, operating profit and margin by segments (thous. PLN, %) › Prefabrication contracts is still the leading Prefabrication contracts* Construction services* segment and it generates the largest part of Group’s revenue. Prefabrication and 795 202 533 320 const
Slide 8: Revenue
Revenue Well diversified revenue sources (thous. PLN,%) › The share of foreign sales in the Group's total revenues in the 1-3Q of 2024 decreased and amounted to 21.7%, which is related to the general slowdown in European markets. Germany and Scandinavia (mainly Sweden and Denmark) remain two key mar
Slide 9: Development Projects
Development Projects Development projects in progress number of apartments in the number of preliminary apartments on sale as of September 30th 2024 sold apartments3 projects agreements2 % Mechelinki (buildings A+B) 106 - - 4% Mechelinki (building C) 58 23 - 60% Falkense 10 2 - 80% Casa Baia (Hel) 6
Slide 10: Development Projects: Financial Involvement
Development Projects Financial Involvment Liability Inventory – recognised in Liabilities semi-finished Inventory - the balance related to the Investment as of 30.09.2024 products and Escrow accounts Construction Stage Commodities sheet in relation financing of work in to concluded investments progr
Slide 11: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability (thous. PLN) 30.09.2024 31.12.2023 31.12.2022 Stable and safe level of financial leverage (thous. PLN) Fixed assets 515 596 506 300 460 718 Current assets, including: 1 162 352 1 014 640 864 192 Fixed assets Inventories 361 227 338 896 265 907 Assets from c
Slide 12: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN) › Inventory increase was caused mainly Cash and equivalents Inventory by increased development investments 361 227 › Inventory transferred into contract valuation as of 30.09.2024 2024 accounted for P
Slide 13: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN, %) Financial liabilities* Working capital ** 440 206 533 439 453 203 317 141 385 067 270 817 › Working capital calculated as a trade 312 943 receivables, cash and cash equivalents 126 210 186 294 and
Slide 14: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX breakdown 2017 2018 2019 2020 2021 2022 2023 3Q 2024 (thous. PLN) Land 0 5 946 76 2 953 52 1 914 0 - CAPEX policy: Buildings 1 967 7 222 5 126 44 431 9 570 8 219 4 531 2 762 ▪ Investments that are related to automation
Slide 15: Pekabex Cash Flow
Pekabex Cash Flow (thous. PLN) 98 038 -10 179 20 594 23 159 31 892 -44 170 23 000 207 067 -12 879 -2 142 193 123 -26 484 -114 773 Cash and cash Profit (loss) Amortization Cost of Changes in Income tax Other net Net cash from Proceeds Proceeds Ddividend Payment of Cash and cash equivalents at before
Slide 16: Stock market and ratios
Strong balance sheet & financial stability Stock market and ratios ▪ Dividend payout corresponds to the generated profit and the Group’s financial situation and capital needs Dividends Financial year 2015 2016 2017 2018 2019 2020 2021 2022 2023* 17,6% Dividend date 2016 2017 2018 2019 2020 2021 2022
Slide 17: Safe development: Pekabex Strategy 2025-2028
Safe development PEKABEX STRATEGY 2020-2024 2025-2028 Learning and Internal processes Client Finance development Healthy organisation Market expansion Getting to know and understand clients Growth and diversification of sales - open communication and cooperation between - Foreign expansion in Scandi
Slide 18: Pekabex values
Respect Honesty Responsibilty Self-improvement Open communication Pekabex values 18
Slide 19: Appendix
= Pekabex’ ® Appendix
Slide 20: Selected Development Projects
• SELECTED DEVELOPMENT PROJECTS
Slide 21: Development projects Zatoka Wrzosowo and Origin Mechelinki
Dziwnowek Development inclueds the construction of 10 buildings for tourist accommodation in Wrzosowo. The parcels of land on which the project will be realized are located about 1 km from the seaside coastline in Dziwnówek - a well-known summer resort on the Baltic Sea. The building permit was issu
Slide 22: Development projects Casa Baia and Osiedle Neonowe
Czestochowa The investment at Katedralna Street in Czestochowa consists of the construction of two multi- family buildings with premises services on the first floor and an underground garage. Project will be subject to BREEAM certification and will apply for the Barrier-Free Facility certificate fro
Slide 23: Development projects Stadtvilla and Ja_Sielska
Falkensee The investment includes two buildings multi-family premium category, i.e. two-story villas containing 5 apartments each, ranging in size from 45 to 96 square metres with above-ground parking spaces The project has already received building permit for both buildings. Construction began in A
Slide 24: Development projects Mira and Milczańska
Pruszkow The investments includes the construction of residential buildings in Pruszkow on Mira Ziminska-Sygetinska Street. The investment project includes the construction of about 230 apartments and 315 parking spaces, along with surrounding infrastructure. The land for thei nvestment was purchase
Slide 25: Development projects Nowa Drewnicka and Mielno
Ząbki The investments includes the construction of residential buildings in Ząbki. The investment project includes the construction of about 222 apartments along with surrounding infrastructure. The usable area of the land for the investment is around 12 000 sqm. Development project Nowa Drewnicka D
Slide 26: P.Homes
P.Homes The Group's latest residential construction solution is direct-to-consumer offering under a brand name „P.HOMES” - a system for building single-family houses using prefabrication technology. The technology used to build P.HOMES houses significantly exceeds the load-bearing and strength param
Slide 27: Selected realized contracts: Prefabrication
Selected realized contracts PREFABRICATION www.pekabex.com | 01.02.2024
Slide 28: Housing Project
Housing Project Poznan - TREI The contract includes the workshop project, producing, delivery and installation of three residential buildings : 1 x 17 storeys + 2 x 9 storeys. The worth of the prefabricated elements is 30 mln PLN. The installation began in May this year. First stage of the project i
Slide 29: Retail Park Nowy Targ and Retail-hotel building
Retail Park Nowy Targ – Galeria Podhalańska The construction of Galeria Podhalańska for Bryjax Podhalańska is underway – a unique project that will change the face of the city. Galeria Podhalańska is not only about modern spaces but also a social centre that already arouses great interest. Once it’s
Slide 30: Production hall Gdansk
The Baltic Towers investment is characterized by an impressive built-up area of 430 m x 135 m, which gives a total of about Production hall 60,000 m². The hall reaches a height of 36 m, and its structure is based on girders with a span of 44 to 55 m. Whats is characteristic, is the 33.6 m high poles
Slide 31: Selected realized contracts: Construction Services
Selected realized contracts CONSTRUCTION SERVICES www.pekabex.com | 01.02.2024
Slide 32: Warehouse and Didactics support center
Warehouse Ruda Śląska – Prologis Poland Earlier this year we’ve started the construction of the adjacent DC2 hall with an area of about 36 thousand m2. Currently, the assembly of the last prefabricated elements is underway, we are nearing the completion of the roof slope and facade. Quick assembly o
Slide 33: New key projects
New key projects* *Contract value Date Contractor Description Contract currency (%) The subject of the contract is the construction of a warehouse and production hall, with a June 17, 2024 Prologis Poland CVI A sp. z o. o.. social-office facilities and DC 2 Prologis Park Ruda Śląska associated techn
Slide 34: Financial results: Statement of financial position
Financial results Consolidated Statement of financial position ASSETS 31.03.2024 31.03.2023 31.12.2023 Non-current assets Goodwill 25 239 25 239 25 239 Intangible assets 8 157 5 608 8 739 Property, plant and equipment 398 544 396 511 401 745 Investment properties 24 523 24 935 24 617 Investments in
Slide 35: Financial results: Equity and liabilities
Financial results Consolidated Statement of financial position (cont.) EQUITY AND LIABILITIES 31.03.2024 31.03.2023 31.12.2023 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 826 24 826 24 826 Own shares (-) - - - Share premium 25 245 25 245 25 24
Slide 36: Financial results: Consolidated profit and loss accounts
Financial results Consolidated profit and loss accounts 01.01.2024 01.01.2023 01.01.2023 - 31.03.2024 - 31.03.2023 - 31.12.2023 Net sales 324 570 387 100 1 566 237 Cost of sales 282 870 314 293 1 302 697 Gross profit (loss) on sales 41 700 72 807 263 540 Selling expenses 12 523 22 759 88 210 Adminis
Slide 37: Financial results: Consolidated cash flow statement
Financial results Consolidated cash flow statement (cont.) Purchase of intangible assets (101) (573) (5 174) Sale of intangible assets - - - Purchase of property, plant and (6 148) (8 750) (19 918) equipment Sale of property, plant and 140 171 626 equipment Purchase of investment properties - - - Sa
Slide 38: Thank you
THANK YOU