Erbud S.a. · GPW:ERB
Erbud — Q1 2024 Earnings Presentation
16 slides from Erbud's earnings presentation, 2024
Slide 1: Investor Presentation Q1 2024
Investor Presentation Q12024
Slide 2: ERBUD Group Highlights 2024
VX ERBUD Group. Highlights 2024 ° PLN 644m revenue in Q1 2024, ¢ PLN15.4m EBIT in Q12024 (vs. - PLN 7.8m loss in Q12023); RES result has positive impact on Group profitability, ¢ PLN 24.9m EBITDA, compared to PLN 1.0m EBITDA a year earlier, ¢ Acquisition of CKTiS reinforces the potential of the indu
Slide 3: Group Financial Results Q1 2024
YN Group Financial Results O1 2024 Sales revenues Gross profit on sales EBITDA EBIT Net profit [PLN million] [PLN million] [PLN million] [PLN million] [PLN million] 644.3 42.7 43.6 . 24.9 Q12024 Q12023 Q12024 Q12023 12024 Q12023 Q12024 Q12023 Q12024 Q12023 NOTES - Decrease in revenue inQ1 this year
Slide 4: Performance by Segment - Q1 2024
VN Performance by Segment - Q1 2024 Sales revenues Operating result [PLN million] [PLN million] 2720.6 = Residential construction 215.4 = RES and civil engineering construction u Industrial services = Modular construction 16911 = Other 114.5 Q12024 Q12023 Q12024 Q12023 NOTES Dynamic growth in EBIT o
Slide 5: Q1 2024 Financial Flows and Net Debt
VN Q1 2024 Financial Flows and Net Debt Cash flow Net debt [PLN million] [PLN million]* 36.8 289.8 -85.6 Cash and cash Operational CF Investment CF Financial CF Cash and cash 31.03.2024 31.12.2023 equivalents as of equivalents 11.2024 as of 31.03.2024 NOTES Negative CF from operations, PLN 26.7m pos
Slide 6: Backlog
VN Backlog Total backlog Value of acquired Order backlog by segment [PLN million] orders [PLN million] - as of 31.03.2024 [PLN million] = Domestic residential construction 3,919 3,728 3,437 = International residential construction 889* 1,166 —engineeri 1,040* = ONDE - engineering and road contracts
Slide 7: Employment
VX Employment Number of Group employees = Manufacturing employees = Technical employees = employment in Poland = Administration = employment abroad 31.03.2024 31.12.2023 as of 31.03.2024 NOTES + Employment in the ERBUD Group increased by 5% in the Q1 of this year, driven by the acquisition of CKTiS.
Slide 8: Creating the Energy of Tomorrow
CREATING THE ENERGY OF TOMORROW
Slide 9: Highlights Q1 2024
Highlights O1 2024 ° PLN 168m revenue with PLN 182.7m in Q1 2023, ° PLN 24.4m EBITDA - against PLN -1.0m in Q1 2023, * PLN17.4m net profit vs - PLN 4.9m in the same period in 2023, * Over PLN 107m of cash at the end of March 2024, * Weare developing the largest RES project in the company's history -
Slide 10: ONDE Financial Performance for Q1 2024
ONDE Financial Performance for Q1 2024 Sales revenues Gross profit on sales EBITDA EBIT Net result [PLN million] [PLN million] [PLN million] [PLN million] [PLN million] 182.7 © 24.4 a oom [2] — Q12024 Q12023 Q12024 Q12023 Q12024 Q12023 Q12024 Q12023 Q12024 Q12023 NOTES + Noticeable improvement in pe
Slide 11: Performance by Segment - Q1 2024
Performance by Segment - Q1 2024 Operating result Sales revenues [PLN million] [PLN million] 2168.0 5182.7 mRES 134.3 135.8 = Engineering and road construction 5221 r-3.3 472 m= Other i 22.6 ue _ ae | 912024 912023 |-0.9 BerpLyy1 12023 NOTES + The y/y decrease in sales resulted from lower revenues i
Slide 12: Cash Flow and Debt in Q1 2024
Cash Flow and Debt in Q1 2024 Cash flow Net debt [PLN million] [PLN million] 57.1 2 ae 107.0 65.3 -91.5 Cash and cash Operational CF Investment CF Financial CF Cash and cash equivalents as of equivalents as of 31.03.2024 31.12.2023 1.1.2024 31.03.2024 NOTES + High flows from investment activities si
Slide 13: Backlog in Execution at the End of Q1 2024
Backlog in Execution at the End of Q12024 RES Road and engineering Total backlog mexternal projects minternal projects x 2,063 [PLN million] mexternal projects minternal projects £1,825 £1,565 51,475 1,166 1,166 889 889 897 586 659 676 Poo 31.03.2024 31.03.2023 31.03.2024 31.03.2023 31.03.2024 31.03
Slide 14: Advancement of Development Projects
Advancement of Development Projects % of ONDE Project Type [MW] sharesin lease the project developme nt conditions connection constructi constructio constructio conditions onproject npermit nphase environment al decision 1 Kadtubia1 PV 9 100% 2 Kadtubia2 PV 8 100% 3 Szczepanéw PV 8 100% 4 Jankowa Za
Slide 15: Market Environment
Market Environment ¢ Aminimum of PLN 400bn for Poland's energy transformation by 2030, of which around PLN 50bn covers ONDE's area of expertise (e.g. wind farms, photovoltaics, electrical substations, power grids, energy storage), * More than PLN 20bn of the first payment under the National Reconstr
Slide 16: Investor Relations Media Contact
INVESTOR RELATIONS MEDIA CONTACT (ERBUD) (ERBUD) Agnieszka Gtowacka Marcin Kasprzak Vice-President of the marcin.kasprzak@erbud.pl Management Board 792 280 805 INVESTOR RELATIONS MEDIA CONTACT (ONDE) (ONDE) Pawet Sredniawa Daniel Mackiewicz President of the daniel.mackiewicz@onde.pl Management Board