Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q2 2024 Earnings Presentation
16 slides from Grupa Kety Sa's earnings presentation, Aug 1, 2024
Slide 1: 2nd Quarter 2024 – Investor Presentation
2ND QUARTER 2024 – INVESTOR PRESENTATION DARIUSZ MAŃKO ROMAN PRZYBYLSKI RAFAŁ WARPECHOWSKI PRESIDENT OF THE VICE PRESIDENT OF THE BOARD MEMBER BOARD BOARD AUG 1ST 2024
Slide 2: A Good Quarter in a Difficult Market
A GOOD QUARTER IN A DIFFICULT MARKET (-) CONTINUING WEAK BUSINESS CONDITION INDICATORS - industrial production, June (y/y) Poland +0.3% - construction and assembly production, June (y/y) Poland -8.9% - industrial production, May (y/y) Germany -6.7% - industrial production, May (y/y) EURO zone -2.9%
Slide 3: Purchase of SELT Company
PURCHASE OF SELT COMPANY TRANSACTION THE COMPANY MARKET • Acquisition of 100% of shares • A leader of the domestic market of • The European sun protection market sun protection (awnings, facade is estimated at EUR 7.5 billion and is • Agreed purchase price: PLN 420 blinds, sunbreakers, pergolas, a g
Slide 4: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS 4
Slide 5: Financial Results in Line with Assumptions
FINANCIAL RESULTS IN LINE WITH ASSUMPTIONS 2Q 2Q PLN million change • Sales revenues: 2024 2023 - higher volumes Sales 1 300,7 1 338,4 -3% - strengthening of PLN against EUR EBITDA 255,8 240,1 +7% - price pressure EBITDA margin 19,7% 17,9% • EBITDA – growth in ASS and FPS / decrease in Operating pro
Slide 6: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT (PLN million) 2Q 2024 2Q 2023 change • Increase in volume to both external Volume sales (`000 t) 26,4 23,2 +14% customers and ASS Revenues 521,0 566,9 -8% Domestic 262,6 261,2 +1% • Revenue decline y/y mainly due to lower EUR International 258,4 305,7 -15% vs. PLN (-5%) and
Slide 7: Aluminium Systems Segment
ALUMINIUM SYSTEMS SEGMENT (PLN million) 2Q 2024 2Q 2023 change • 8% increase in volume y/y enabled sales Revenues 607,0 591,5 +3% to increase despite price reductions from Domestic 374,2 359,8 +4% Q3 2023 and a 5% drop in the EUR/PLN International 232,8 231,7 0% exchange rate EBITDA 133,9 109,1 23%
Slide 8: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT (PLN million) 2Q 2024 2Q 2023 change Volume sales (`000 t) • 7% increase in volume - effective trade policy 22,1 20,7 +7% Revenues 296,9 293,8 +1% • Sales growth - high volumes with a 5% drop in Domestic 136,8 141,2 -3% the EUR/PLN exchange rate and changes in Internationa
Slide 9: Implementation of Investment Projects in Q2
IMPLEMENTATION OF INVESTMENT PROJECTS IN Q2 CAPEX (PLN million) EPS PLN 60,9 million 62% of the including: annual plan 150 after 2 a press with a pressure of 4000T and a warehouse hall, a 125 quarters project increasing the production capacity of SWW by 99 99 88 approx. 15% to 125,000. tons/year, st
Slide 10: Financial Ratios
FINANCIAL RATIOS Debt maturity structure Debt currency structure Net debt (PLNm)* / net debt/EBITDA ratio short term PLN; 1100 1,1 1,2 25% 60% 0,9 1,0 0,8 0,8 900 0,7 0,8 931 0,6 827 700 0,4 698 695 0,2 Other; 2% EUR; 653 long term 38% 500 0,0 75% 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 net debt net
Slide 11: Extraordinary Shareholders Meeting – 4th Sep 2024
EXTRAORDINARY SHAREHOLDERS MEETING – 4TH SEP 2024 • Subject of the meeting will be the reconsideration of the Management Board's application to approve the issue of series E and F warrants entitling to acquire series L shares. • The resolution is an essential element of the implementation of the inc
Slide 12: Summary – Outlook for the 3rd Quarter
SUMMARY – OUTLOOK FOR THE 3RD QUARTER MARKET OPERATIONS & FINANCES ENVIRONMENT INVESTMENTS • SIGNALS THAT MAY INDICATE AN • MAINTAINING A HIGH LEVEL OF • ENSURING FINANCING FOR THE IMPROVEMENT IN THE PRODUCTION CAPACITY UTILISATION PURCHASE OF SHARES OF SELT CONSTRUCTION INDUSTRY IN THE COUNTRY, NO
Slide 13: Additional Information
ADDITIONAL INFORMATION 13
Slide 14: Main Raw Material Prices
MAIN RAW MATERIAL PRICES Aluminium priceLME 3M (USD/t) Billet premium (USD/t), DDP North Germany 700 650 600 620 550 500 2400 450 400 350 300 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun' 24 Jul '24 LDPE resin and PP resin ICIS spot low (EUR/t)
Slide 15: Additional Information
ADDITIONAL INFORMATION Volume sales (`000 t) 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 Extruded Products Segment 23,2 23,0 20,4 23,8 26,4 Flexible Packaging Segment 20,7 21,8 20,4 23,6 22,1 EBITDA by Segments (PLNm) 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 Extruded Products Segment 87,4 70,7 64,2 50,7
Slide 16: 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