Slide 1: Summary of 1Q25 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Summary of 1Q25 in the TORPOL Group 26 May 2025
Slide 2: Disclaimer
This presentation (Presentation) is to provide information on the company Torpol S.A. with its office in Poznań (the Company) and TORPOL Capital Group (Torpol Group). This Presentation is for information purposes only and does not constitute or contain an offer to sell or invitation to subscribe for
Slide 3: Agenda
www.torpol.pl TORPOL Group key data for 1925 Financial results Backlog of orders Investment plan for 2025 TORPOL OIL & GAS Challenges, current objectives and prospects Appendices torpo)
Slide 4: TORPOL Group - results for 1Q25
TORPOL Group -— results for 1025 U3 MN PLN BLN PLN NET SALES REVENUE BACKLOG (NET) (+47.9% yoy) we oO ill MN PLN MN PLN GROSS PROFIT ON SALES PROFIT ON SALES (#171% yoy) (+8.6% yoy) MN PLN EBITDA (+30.8% yoy) atl VAN MN PLN OPERATING PROFIT (+50.6% yoy) — MN PLN in CASH (+49.4% ytd) _— _—"} =) o a M
Slide 5: Revenue and gross profit increase, profitability decline
Despite the increase in revenue and gross profit volume from sales, the Group recorded a decline in profitability of operations. The lower level of profitability is a result of a higher share of contracts in the backlog realized at a lower margin than the average realized in 2024. Gross profit margi
Slide 6: Quotations submitted in 1Q25
▪ In 1Q25, the Issuer submitted 10 quotations (compared to 3 in 1Q24) for 6 ordering parties, including 6 for PKP PLK (including in one proceeding together with Zarząd Morskiego Portu Police sp. z o.o.). The total value of the offerings amounted to about PLN 4.9 billion net, including about PLN 4.6
Slide 7: Tender and contract with METRANS and PKP PLK
▪ On 28 February 2025, the Company received information from PKP Polskie Linie Kolejowe S.A. that its offer in the tender for the expansion of the railroad infrastructure of line No. 406 and the construction of the “Police Port” railroad junction was considered the most favorable. ▪ The price of the
Slide 8: Consolidated income statement
Consolidated income statement Change in Data in PLN thousand 1Q25 1Q24 %/pp ▪ The TORPOL Group consistently strengthened its share Sales revenue 385 344 260 527 47,9% in the railroad segment by continuing its cooperation Cost of sales 361 914 240 518 50,5% with PKP PLK and other railroad managers. I
Slide 9: Consolidated balance sheet
Consolidated balance sheet Data in PLN thousand 31/03/2025 31/12/2024 Change in %/pp ▪ The TORPOL Group's balance sheet total at the end of the first quarter of 2025 reached PLN 1.1 billion and was 9.8% lower than that Balance sheet total 1 088 406 1 206 006 -9,8% presented at the end of 2024. The d
Slide 10: Cash flows from operating, investing and financing activities
Cash flows from operating, investing and financing activities Data in PLN thousand 1Q25 1Q24 Change Net cash flows from operating activity 131 190 -136 523 267 713 ▪ In the first quarter of 2025, the TORPOL Group generated a positive balance from operating activities (PLN 131.2 million), Net cash fl
Slide 11: Backlog (net value)
225 MN PLN 154 MN PLN 442.5 MN PLN 1902.50 MN PLN 11 | www.torpol.pl 106.5 MN PLN – TOG BACKLOG (NET VALUE) 27.9 MN PLN – other by Torpol TOTAL: approx. PLN 3.35 BLN* 66.9 MN PLN Bocznica kolejowa ZPK Szumowo E65 Katowice LK 38 Giżycko - Korsze Modernizacja stacji Ostróda LK 104 Chabówka - Nowy Sącz
Slide 12: The investment plan for 2025
The investment plan for 2025 In 1Q25, the Group made investments of PLN 9.3 million. The TORPOL Group's investments mainly focused on the repair combined with modernization of the Kirow 810T crane, making an advance payment for a two-road vehicle for network work with HDS, and the long-term lease of
Slide 13: TORPOL Oil & Gas
TOG makes full use of its capital and has consistently established itself in the market, steadily increasing its backlog of orders and the scale of operations. TOG mainly carries out orders for the ORLEN Group. The Oil & Gas sector also anticipates growth despite the unstable geopolitical situation.
Slide 14: Challenges, current objectives and prospects
▪ Strengthening leadership in modernization and revitalization projects in the railroad market, while maintaining market share. ▪ Implementing the strategy for 2025-2030 and achieving a cumulative consolidated net revenue of about PLN 14.5 billion and EBITDA of about PLN 840 million. ▪ Building a st
Slide 15: Appendices
torpo) APPENDICES
Slide 16: Financial ratios: equity, debt and indebtedness
2,27 2,33 1,28 1,02 0,50 0,56 0,50 0,44 0,47 0,41 0,09 0,10 -1,42 -2,55 equity to assets ratio equity to fixed assets debt ratio equity indebtedness short-term long-term net financial debt to ratio indebtedness indebtedness EBIDTA for last 12 mths 31.12.2024 31.03.2025 16 | www.torpol.pl
Slide 17: Profitability ratios and EBITDA levels
7,68% 6,08% 5,23% 4,62% 4,13% 3,82% 2,80% 2,87% 2,92% 2,63% 2,09% 1,90% 1,01% 0,88% Gross margin on Profit margin on EBIDTA margin EBIT margin Net margin ROA ROE sales sales 31.03.2024 31.03.2025 The presented ratios of profitability and EBITDA levels confirm the Group's very good financial position
Slide 18: Consolidated income statement 1Q25 structure
Data in PLN thousand 1Q25 Structure % 1Q24 Structure % Change Change in % Sales of services 384 968 99,9% 260 500 100,0% 124 468 47,8% Revenues from sales of goods and products 376 0,1% 27 0,0% 349 1292,6% Sales revenues 385 344 100,0% 260 527 100,0% 124 817 47,9% Cost of goods sold 361 914 93,9% 24
Slide 19: Consolidated assets
Data in PLN thousand 31.03.2025 Structure % 31.12.2024 Structure % Change Change % Fixed assets 231 630 21,3% 232 676 19,3% -1 046 -0,4% Tangible fixed assets 128 279 11,8% 125 791 10,4% 2 488 2,0% Right-of-use assets 56 996 5,2% 58 052 4,8% -1 056 -1,8% Goodwill 9 008 0,8% 9 008 0,7% 0 0,0% Intangi
Slide 20: Consolidated equity and liabilities
Data in PLN thousand 31/03/2025 Structure % 31.12.2024 Structure % Change Change % Equity 538 903 49,5% 528 772 43,8% 10 131 1,9% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 397 030 36,5% 397 030 32,9% 0 0,0% Share premium 54 617 5,0% 54 617 4,5% 0 0,0% Retained earnings 79 872
Slide 21: Consolidated cash flows
Data in PLN thousand 1Q25 1Q24 Change Data in PLN thousand 1Q25 1Q24 Change Cash flows from operating activity Cash flows from investing activity Gross profit/loss 12 951 12 501 450 Sale of fixed tangible assets and intangibles 858 172 686 Adjustments by items: 118 239 -149 024 267 263 Acquisition o
Slide 22: Standalone income statement
Data in PLN thousand 1Q25 Structure % 1Q24 Structure % Change Change % Sales of services 363 424 99,9% 214 140 100,0% 149 284 69,7% Revenues from sales of goods and products 376 0,1% 27 0,0% 349 1292,6% Sales revenues 363 800 100,0% 214 167 100,0% 149 633 69,9% Cost of goods sold 342 645 94,2% 197 4
Slide 23: Standalone assets
Data in PLN thousand 31/03/2025 Structure % 31/12/2024 Structure % Change Change % Fixed assets 230 919 22,1% 232 724 20,0% -1 805 -0,8% Tangible fixed assets 126 035 12,1% 123 430 10,6% 2 605 2,1% Right-of-use assets 55 988 5,4% 56 872 4,9% -884 -1,6% Goodwill 9 008 0,9% 9 008 0,8% 0 0,0% Intangibl
Slide 24: Standalone equity and liabilities
Data in PLN thousand 31/03/2025 Structure % 31/12/2024 Structure % Change Change % Equity 529 756 50,8% 519 753 44,7% 10 003 1,9% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 392 366 37,6% 392 366 33,7% 0 0,0% Share premium 54 617 5,2% 54 617 4,7% 0 0,0% Retained earnings 73 642
Slide 25: Standalone cash flows
Data in PLN thousand 1Q25 1Q24 Change Data in PLN thousand 1Q25 1Q24 Change Cash flows from investing activity Cash flows from operating activity Sale of fixed tangible assets and intangibles 858 172 686 Gross profit/loss 12 750 11 083 1 667 Acquisition of property, plant and equipment, -8 426 -4 41
Slide 26: Contact details
Małgorzata Napierała tel. +48 61 87 82 775 fax +48 61 87 82 790 ma.napierala@torpol.pl | ri@torpol.pl ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl 26 | www.torpol.pl