Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — FY2018 Earnings Presentation
37 slides from Polimex - Mostostal Sa's earnings presentation, Apr 12, 2019
Slide 1: Polimex Mostostal Capital Group Financial Results for 2018
Date (Arial 20pt, dark gray) POLIMEX MOSTOSTAL CAPITAL GROUP FINANCIAL RESULTS FOR 2018 – 12.04.2019
Slide 2: 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 3: Certificate of Incorporation – 10th September 1945
Certificate of Incorporation – 10th September 1945 APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 2
Slide 4: Segments of Polimex Mostostal Capital Group
Segments of Polimex Mostostal Capital Group Polimex Mostostal Capital Group consists of production and service companies operating in the following key sectors: POWER SECTOR OIL, GAS INDUSTRIAL PRODUCTION INFRASTRUCTURE SUPPORT AND SERVICE AND CHEMICALS CONSTRUCTION APRIL 2019 r. WWW.POLIMEX-MOSTOST
Slide 5: Fields of Activity: Power Sector and Service
Fields of Activity: Power Sector and Service Our excellent industry expertise and knowledge of energy facilities, combined with our experienced and highly-qualified workforce allow us to comprehensively implement organizationally and technically challenging, highly complex turn-key projects in the p
Slide 6: Strategic Projects of Polimex Mostostal Capital Group
Strategic Projects of Polimex Mostostal Capital Group Project Kozienice for GK ENEA Project Opole for GK PGE Project Żerań for GK PGNiG Project completed APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 5
Slide 7: Strategic Projects: Kozienice Power Plant Unit 11
Strategic Projects: Kozienice Power Plant Unit 11 APRIL 2019 KWIECIEŃ 2018 r. r. WWW.POLIMEX-MOSTOSTAL.PL 6
Slide 8: Strategic Projects: Opole Power Plant Unit 5 and 6
Strategic Projects: Opole Power Plant Unit 5 and 6 APRIL 2019 KWIECIEŃ 2018 r. r. WWW.POLIMEX-MOSTOSTAL.PL 7
Slide 9: Strategic Projects - Steam and Gas Unit in EC Żerań
Strategic Projects - Steam and Gas Unit in EC Żerań APRIL 2019 KWIECIEŃ 2018 r. r. WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Fields of Activity: Oil, Gas and Chemicals
Fields of Activity: Oil, Gas and Chemicals We operate in a wide variety of industries, ranging from refinery, petrochemical, chemical, energy and coke oven. We specialize in the construction and modernization of production facilities and installations for the following: ▪ chemical plants OIL, GAS ▪
Slide 11: Key Entities of Group: Naftoremont-Naftobudowa
Key Entities of Polimex Mostostal Capital Group Naftoremont-Naftobudowa Sp. z o.o. Construction of CDU/VDU installations Neste BTT Botlek Tank Terminal Biodiesel Installation Lotos Group Refinery in Gdańsk for Porvoo, Finland APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 10
Slide 12: Fields of Activity: Industrial and General Construction
Fields of Activity: Industrial and General Construction Polimex Budownictwo offers comprehensive services in the industrial and general construction sector in the capacity of a General Contractor (GW). The company's offer is based on two main pillars: Industrial construction ▪ production plants ▪ wa
Slide 13: Key Entities of Group: Polimex Budownictwo
Key Entities of Polimex Mostostal Capital Group Polimex Budownictwo Sp. z o.o. Sp.k. Marshall Józef Piłsudski's Municipal Bridgestone factory in Stargard European Solidarity Centre in Gdańsk Stadium of Legia Warsaw Konstrukcje kratownicowe, Obiekty użyteczności publicznej ramy, słupy POLIN Museum of
Slide 14: Fields of Activity: Production
Fields of Activity: Production Mostostal Siedlce is one of the leading European manufacturers of steel structures. Mostostal Siedlce specializes in the production of steel structures and platform gratings, it also provides services in the corrosion protection of steel structures, particularly using
Slide 15: Key Entities of Group: Mostostal Siedlce
Key Entities of Polimex Mostostal Capital Group Mostostal Siedlce Sp. z o.o. Sp. k. Power plants, Truss structures, frames, poles Public facilities petrochemical industry APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 14
Slide 16: Fields of Activity: Infrastructure
Fields of Activity: Infrastructure Among the major assets of Polimex Infrastruktura are our subject matter experts with their unparalleled knowledge and solid experience in the infrastructure industry. We offer services in the comprehensive implementation of organizationally and technically challeng
Slide 17: Key Entities of Group: Polimex Infrastruktura
Key Entities of Polimex Mostostal Capital Group Polimex Infrastruktura Sp. z o.o. INFRASTRUKTURA INFRASTRUKTURA Polimex Infrastruktura Sp. z o.o. A4 highway section Wielicka-Szarów A1 highway section Sośnica-Maciejów A2 highway section Stryków-Konotopa APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 16
Slide 18: The Goals of the Capital Group Accomplished in 2018
The Goals of the Capital Group Accomplished in 2018 ▪ Improvement of project management competencies (planning, scheduling, introduction of a new organizational structure within the Group’s entities; responsibility for budgeting – the Business Line), implementation of “contract administration” funct
Slide 19: Polimex-Mostostal - Safety Leader in 2019
Polimex-Mostostal - Safety Leader in 2019 All subcontractors’ employees working on Polimex Mostostal construction sites undergo mandatory training in internal OHS procedures and are obliged to comply with them. During performance of each contract, the subcontractors are often subjected to inspection
Slide 20: Polimex-Mostostal - Safety Leader in 2019
Polimex-Mostostal - Safety Leader in 2019 This year the jury of „Infrastructure and Construction Diamonds” has granted an award to Polimex-Mostostal SA in the „Safety Leader” category. The title of the Safety Leader indicates that the whole Polimex Mostostal Capital Group has been recognized as a so
Slide 21: New Projects from 01.01.2018
New Projects from 01.01.2018 ▪ Additional works in Elektrownia Turów estimated at PLN 14 mln (contract value: PLN 369,3 mln), Client: PGE GiEK SA (Poland) ▪ Construction of 5 tanks at the fuel depot in Gdańsk (contract value: PLN 220,9 mln), Client: PERN (Poland) ▪ Construction of 4x32.000 m3 tanks
Slide 22: Domestic Market – Our Clients & Partners
Domestic Market – Our Clients & Partners Clients Partners APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 21
Slide 23: International Markets – Our Clients
International Markets – Our Clients APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 22
Slide 24: International Markets – Our Partners
International Markets – Our Partners APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 23
Slide 25: Selected Financial Data for 2018
SELECTED FINANCIAL DATA FOR 2018 APRIL 2019 KWIECIEŃ 2018 r. r. WWW.POLIMEX-MOSTOSTAL.PL 24
Slide 26: Selected Financial Data for 2018 in MLN PLN (Group)
Selected Financial Data for 2018 in MLN PLN Polimex Mostostal Capital Group in mln PLN 2017 2018 OPERATING INCOME 2 421 1 637 OPERATING PROFIT -74 35 EBITDA 146 62 GROSS INCOME -107 15 NET INCOME -137 16 NOTES ▪ The operating income of Polimex Mostostal Capital Group (the „Capital Group”) for the ye
Slide 27: Selected Financial Data for 2018 in MLN PLN (Polimex-Mostostal S.A.)
Selected Financial Data for 2018 in MLN PLN Polimex-Mostostal S.A. in mln PLN 2017 2018 OPERATING INCOME 1 342 515 OPERATING PROFIT 65 55 EBITDA 72 58 GROSS INCOME 113 24 NET INCOME 83 22 NOTES ▪ The operating income of Polimex-Mostostal S.A. (the „Company”) for the year 2018 was PLN 515 mln, which
Slide 28: Segments of the Capital Group in 2018 (in MLN PLN)
Segments of the Capital Group in 2018 (in MLN PLN) Oil, Gas, Industrial Infrastructure Other in mln PLN Power* Production Exclusions Total Chemicals Construction Construction Activities SALES TO EXTERNAL CUSTOMERS EXCLUDING SALES REVENUE BETWEEN THE SECTORS 640 679 247 66 0 5 1 637 TOTAL INCOME PER
Slide 29: Group Revenues 2018 (in million PLN)
Polimex Mostostal Capital Group Revenues 2018 (in million PLN) 1% 1% 4% 0% 1% 0% POWER SECTOR 8% PRODUCTION 15% OIL, GAS, CHEMICALS 39% 27% 2018 INDUSTRY 2017 INDUSTIAL CONSTRUCTION 63% INFASTRUCTURE 41% OTHER ACTIVITIES 1 517 2017 2018 640 657 679 206 247 24 66 17 0 0 5 Energetyka POWER SECTOR Prod
Slide 30: Group Order Book (in billion PLN)
Polimex Mostostal Capital Group Order Book (in billion PLN) 1,9 1,5 0,8 0,4 Strategic projects 1,1 1,1 0,5 Others projects December 2017 Grudzień 2018 Order book as of the end of December 2018 (in mln PLN) Power sector* Oil, Gas, Chemicals Produkction Others 887 370 269 17 * Including strategic proj
Slide 31: Estimated Value of Currently Quoted Projects in the Group
Estimated Value of Currently Quoted Projects in the Group 4000 3755 3500 2945 3000 2500 2000 1500 1120 1013 1000 886 796 443 500 263 100 100 0 Estimated value Company’s Estimated value Company’s Estimated value Company’s Estimated value Company’s Estimated value Company’s [in mln PL] share [in mln P
Slide 32: Detailed Financial Data for 2018 in MLN PLN (Group)
Detailed Financial Data for 2018 in MLN PLN Grupa Kapitałowa Polimex Mostostal in mln PLN 2017 2018 OPERATING REVENUE 2 421,1 1 636,9 OWN SALES COSTS -2 254,1 -1 555,7 GROSS SALES PROFITS 167,0 81,2 SALES COSTS -25,5 -25,3 GENERAL MANAGEMENT COSTS -63,3 -66,7 PROFITS / (LOSSES) ON INPAIRMENT OF FlNA
Slide 33: Detailed Financial Data for 2018 in MLN PLN (Polimex-Mostostal S.A.)
Detailed Financial Data for 2018 in MLN PLN „Polimex-Mostostal” S.A. in mln PLN 2017 2018 OPERATING REVENUE 1 341,8 515,2 OWN SALES COSTS -1 282,1 -472,1 GROSS SALES PROFITS 59,7 43,1 SALES COSTS -1,0 0,0 GENERAL MANAGEMENT COSTS -26,4 -33,0 PROFITS / (LOSSES) ON INPAIRMENT OF -1,7 9,9 FlNANCIAL ASS
Slide 34: Summary – The Goals of the Capital Group for 2019
SUMMARY – THE GOALS OF THE CAPITAL GROUP FOR 2019 APRIL 2019 KWIECIEŃ 2018 r. r. WWW.POLIMEX-MOSTOSTAL.PL 33
Slide 35: The Goals of the Capital Group for 2019
The Goals of the Capital Group for 2019 ▪ Implementation of the initiatives from the Development Plan of Polimex Mostostal Capital Group. ▪ Further expansion abroad – establishing special purpose vehicles (Germany, Benelux), acquiring new Clients on the Scandinavian markets. ▪ Timely completion of t
Slide 36: 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 the 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 referr
Slide 37: Contact
CONTACT „Polimex-Mostostal” S.A. al. Jana Pawła II 12 00-124 Warszawa Tel. +48 22 829 71 00 APRIL 2019 r. WWW.POLIMEX-MOSTOSTAL.PL 36