Lubelski Wegiel BOGDANKA SA · GPW:LWB

Lubelski Wegiel BOGDANKA SA — Q1 2012 Earnings Presentation

23 slides from Lubelski Wegiel BOGDANKA SA's earnings presentation, May 2012

  1. Slide 1: Investors Presentation 1Q 2012

    INVESTORS PRESENTATION 1Q 2012 May 2012

  2. Slide 2: Presenting Team

    PRESENTING TEAM Mirosław Taras Krystyna Borkowska The Deputy to the CEO CFO President of Management for Technical Affairs 2

  3. Slide 3: Hard coal market, Bogdanka in 1Q2012, Investments in 1Q2012

    Hard coal market Bogdanka in 1Q2012 Investments in 1Q2012 Appendices 3

  4. Slide 4: Demand on the domestic market

    DEMAND ON THE DOMESTIC MARKET …  In Q1 2012 a decrease in demand for power coal on the domestic market has been observed. Coal stock is increasing. Over a year power coal prices dropped by 25% on global markets.  An average price of power coal (in all sizes) in Q1 2012 amounted to PLN 295.93 per

  5. Slide 5: ...Affect the sales of coal

    ...AFFECT THE SALES OF COAL Coal output in the industry Power coal sales in theindustry (million of tonnes) (millionof tonnes) 20.0 20.0 17.5 17.6 18.0 18.0 16.0 14.5 14.5 16.0 14.0 13.8 14.0 11.8 12.0 12.0 10.0 10.0 8.0 8.0 6.0 6.0 4.0 4.0 2.0 2.0 - - 1Q2011 1Q2012 1Q2011 1Q2012 Total coal output P

  6. Slide 6: ...Affects the stock and import of coal

    ...AFFECTS THE STOCK AND IMPORT OF COAL The stock of hard coal inmines Import and export of coal as at the end of period (million of tonnes) (million of tonnes) 4.00 4.00 3,68 3.50 3.50 0.60 2,72 2,76 3.00 3.00 2,50 0.33 2.50 2.50 2,00 2.00 1.50 1.50 2.96 0.37 2.36 0.39 1.00 1.00 0.50 0.50 1.22 1.09

  7. Slide 7: Bogdanka in 1Q2012

    Hard coal market Bogdanka in 1Q2012 Investments in 1Q2012 Appendices 7

  8. Slide 8: Extraction of commercial coal at LW Bogdanka in Q1 2012

    EXTRACTION OF COMMERCIAL COAL AT LW BOGDANKA IN Q1 2012 Gross extraction (3.02 million tonnes in Q1 2012, i.e. a 49.5% increase in comparison to Q1 2011) was Analysis of the Analiza extraction wydobycia and sale of i sprzedaży coal(tys. węgla (‘000 tonnes) ton) executed with the use of maximum powe

  9. Slide 9: Commercial coal yield - 1Q2010, 1Q2011 i 1Q2012

    COMMERCIAL COAL YIELD - 1Q2010, 1Q2011 I 1Q2012 Commercial coal yield 76% 74% 74% 73% 72% 72% 70% 71% 70% 68% 67% 66% 66% 65% 65% 64% 62% 60% January February March 2010 2011 2012 9

  10. Slide 10: Results of the LW Bogdanka Group for 1Q2012

    RESULTS OF THE LW BOGDANKA GROUP FOR 1Q2012 Change Change IQ IQ IQ 1Q2012/ 1Q2012/ Item (PLN’000) 2010 2011 2012 1Q2010 1Q2011 (%) (%) Revenue 294 096 309 961 477 302 62.29 53.99 Gross profit 95 672 72 818 175 929 83.89 141.60 EBITDA 95 261 77 906 199 046 108.95 155.50 EBIT 62 164 43 698 119 297 91.

  11. Slide 11: Results of the LW Bogdanka Group for Q1 2012

    RESULTS OF THE LW BOGDANKA GROUP FOR Q1 2012 Revenue on sales:  In Q1 2012, the Group's sales revenue was by 54% higher than in the same period of the previous year. The increase in total revenue is attributable to higher (by nearly 60%) revenue on sales of coal.  The increase in the revenue on sa

  12. Slide 12: Profitability ratios

    PROFITABILITY RATIOS 45,00% 41,70% 40,00% 35,00% 25.13% 30,00% 41.70% 24,99% 25,00% 14.10% 20,79% 20,00% 11.60% 15,00% 24.99% 20.79% 10,00% 5,00% 0,00% 1Q2010 1Q2011 1Q2012 net profit margin EBIT margin EBITDA margin Source: Company 12

  13. Slide 13: Key events in 1Q2012 and after the balance-sheet date

    KEY EVENTS IN 1Q2012 AND AFTER THE BALANCE-SHEET DATE January 2012 – introducing free-of-charge shares for eligible employees to the stock-exchange trading; January 2012 - conclusion of a new long-term significant agreement with Elektrownia Kozienice S.A. for the purpose of a Elektrownia Kozienice

  14. Slide 14: Investments in 1Q2012

    Hard coal market Bogdanka in 1Q2012 Investments in 1Q2012 Appendices 14

  15. Slide 15: Key material investments of the LW Bogdanka Group

    Key material investments of the LW BOGDANKA Group in the 3 months of 2012 and the 3 months of 2011 [PLN '000] Outlays incurred Outlays incurred Key material investments of the LW from 1 January from 1 January BOGDANKA Group in the 3 months of 2012 2012 to 31 2011 to 31 and the 3 months of 2011 [PLN

  16. Slide 16: Thank You

    Thank You Lubelski Węgiel BOGDANKA S.A. Bogdanka, 21-013 Puchaczów tel. +48 81 462 51 00, +48 81 462 51 01 bogdanka@lw.com.pl Relacje Inwestorskie tel. +48 81 462 56 29 fax +48 81 462 55 14 ri@lw.com.pl 16

  17. Slide 17: Appendices

    Hard coal market Bogdanka in 1Q2012 Investments in 1Q2012 Appendices 17

  18. Slide 18: Profit and Loss Account

    PROFIT AND LOSS ACCOUNT Change 1Q2012 1Q2011 1Q2012/1Q2011 (PLN ‘000) [%] Revenue 477 302 309 961 53,99 Cost of products, goods and materials sold, sales and 332 091 265 126 25,26 administrative costs Gross profit on sales 145 211 44 835 223,88 Other revenue 784 1 628 -51,84 Other costs 240 285 -15,

  19. Slide 19: Balance Sheet

    BALANCE SHEET (PLN ‘000) 31.03.2012 31.12.2011 Fixed assets, including: 2 716 395 2 674 216 Cash and cash equivalents 58 628 58 288 Current assets, including: 548 349 402 012 Cash and cash equivalents 216 892 102 820 Total assets 3 264 744 3 076 228 Current liabilities 359 808 307 016 Non-current li

  20. Slide 20: Cash Flow

    CASH FLOW (PLN‘000) 1Q2012 1Q2011 Operating cash flow 202 734 77 562 Operating cash inflow 226 663 88 956 Interest paid (3) (2 799) Income tax paid (23 926) (8 595) Investing cash flow (138 662) (189 062) Acquisition of tangible fixed assets (133 125) (192 095) Interest paid regarding investing acti

  21. Slide 21: Sales Structure

    SALES STRUCTURE 1Q Share 1Q Share Item (PLN ‘000) 2012 [%] 2011 [%] Coal sales 462 340 96.87 289 138 93.28 Sales of ceramics 1 889 0.39 2 039 0.66 Other activities 10 392 2.18 12 704 4.10 Sales of goods and materials 2 681 0.56 6 080 1.96 Total sales revenue 477 302 100.00 309 961 100.00 21

  22. Slide 22: Structure of Costs by Type at Bogdanka

    STRUCTURE OF COSTS BY TYPE AT BOGDANKA 1Q2012 1Q2011 23.86% 22.95% 26.50% 31.78% 27.83% 25.36% 1.03% 19.00% 0.62% 1.68% 10.15% 3,67% 3.39% 2.18% Depreciation and amortisation Materials and energy consumption External services Employee benefits Entertainment and advertising expenses Taxes, fees and c

  23. Slide 23: Disclaimer

    DISCLAIMER This presentation ("Presentation") has been prepared by BOGDANKA S.A. ("Company"). The information contained in the Presentation has been gathered and prepared with due diligence, based on facts and information originating from sources which the Company views as reliable, and in particula

Lubelski Węgiel BOGDANKA — Q1 2012 Earnings Presentation on 6ix