42 slides from Poznanska Korporacja Budowlana Pekabex Sa's investor presentation, May 2023
Slide 1: Investors presentation May 2023
= Pekabex Investors presentation May 2023
Slide 2: 2s
2s
Slide 3: Pekabex Key Numbers in 2022
Pekabex Key Numbers in 2022 Solid fundamentals create basis for dynamic development = Pekabex 2,671 Numer of employees? 264,093 (m3) prefabricated elements produced PLN 1126m Value of backlog as of 31.12.2022? PLN 1678m Revenues PLN 128m EBITDA3 PLN67m Net income PLN88 m Net debt* PLN 119 m Cash and
Slide 4: Prefabrication production
Prefabrication production Stable growth of production > Despite the very challenging environment, the volume of prefabricated production was maintained at a very high level, reaching 264,093 m 49 2012 53 2013 Volume of production in 2012-2022 (000 m3) val 2014 175 182 140 143 7 2015 2016 2017 2018 2
Slide 5: Backlog 2022
Backlog 2022 (thous. PLN) contracts to be realized in the following year 85 958 (8%) 1 126 MLN -6,4% yoy › contracts to be realized in the coming year 1 040 144 (92%) › › › 5
Slide 6: Revenues (mPLN)
Revenues (mPLN) 1 678 266 264 1 505 204 175 182 952 140 144 886 772 550 623 71 77 328 351 33 37 41 49 53 158 219 318 12 14 15 18 23 25 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 6
Slide 7: › › 2020 2021 2022 2020 2021 2022 2020 2021 2022
› › 2020 2021 2022 2020 2021 2022 2020 2021 2022 7
Slide 8: Other Rent Other
› › 2020 2021 2022 2020 2021 2022 › › 2020 2021 2022 2020 2021 2022 2020 2021 2022 Other Rent Other Rent 8
Slide 9: Strong Balance Sheet & Financial Stability: Well diversified revenue sources
Strong Balance Sheet & Financial Stability = Pekabex Well diversified revenue sources > Poland is a main market for Pekabex and was responsible for 74% of total revenue in 2022. > The second most important markets in terms of revenue is Sweden and Germany markets (respectively responsible for 14% an
Slide 10: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Fixed assets 452810 460718 420445 338 184 246140 244181 259590 2016 2017 2018 2019 2020 2021 2022 Equity 482495 405 622 361721 285359 309270 a12292 237570 2016 2017 2018 2019 2020 2021 2022 Inthous. PLN 31.12.2022
Slide 11: Strong Balance Sheet & Financial Stability: working capital
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Trade receivables Inventory 265907 ‘MLands (development projects) Finished goods (apartments) 471940 468 126 ‘= Work in progress (development projects) 176145 Finished goods (prefabricated elements) and others 254
Slide 12: Strong Balance Sheet & Financial Stability: debt
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Long term and current financial liabilities Cash and cash equivalents 251 442 119.496 191 346 207 404 114648 104797 2020 2021 2022 ‘long-term financial liabilities = current financial liabilities 2020 2021 2022 Ne
Slide 13: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX policy: = Investments that are related to automation and computerization = Improving production capacity and efficiency (new investments with the required rate of return of 20% - target: 30%) = Improving the quality of
Slide 14: 300000,0 250000,0 200000,0 150000,0 100000,0 50000,0 0,0
300000,0 250000,0 200000,0 150000,0 100000,0 50000,0 0,0 14
Slide 15: Stock market and ratios
Strong balance sheet & financial stability = Pekabex Stock market and ratios Dividend payout corresponds to the generated profit and the Group’s financial situation and capital needs Dividends Financial year 2015 «2016 «= 2017,-—S «2018 = 2019») 2020S 2021S 2022 Dividend date 2016 2017 2018 2019 202
Slide 16: Safe development
Safe development Learning and Internal processes Client Finance development Healthy organisation Market expansion Technical excellence Growth and diversification of sales - open communication and cooperation between - Foreign expansion in Scandinavia and Western departments in processes and projects
Slide 17: Pekabex values
= Pekabex Respect Honesty : Responsibilty Self-improvement Open communication Pekabex values 17
Slide 18: Appendix
ww wy aa Wy IX Pekabex Append
Slide 19: Selected Development Projects 2022
= Pekabex Selected Development Projects 2022 = Pekabex 19
Slide 20: Development Projects
Development Projects Development projects in progress number of preliminary 3 apartments for as of 31.12.2022 apartments number reservation number’ Paeenentl sold apartments: sale % Apartamenty Origin Mechelinki 106 0 58 0 45% Apartamenty55+ Mechelinki (SMS) 58 4 2 0 90% Casa Fiore (Hafciarska) 40 3
Slide 21: Hafciarska St. Warsaw and Mechelinki
Hafciarska St. | Warsaw Development project Casa Fiore The development project includes 40 independent 2- and 3-story apartments ranging from 59 to 94 sqm, each withits own garden (a total of more than 3,000 m* of usable living space will be created), Attheendof 2022, all finishing work was complete
Slide 22: Casa Baia Hel and Katedralna Czestochowa
Casa Baia | Hel Development project Hel | pen eae BE ms The usable area of the investment will amount to over 3 000 m*. The investment will be located in one of the most touristic seaside resorts in the close vicinity of the beach, service outlets and the seal sanctuary. In December 2022, the instal
Slide 23: Jasielska St. Poznan and P.Homes
Jasielska St. | Poznan Development project Ja_Sielska Phase 3 is currently under construction, which will 124 units of 6,500 sq, ft. will be built, in 3 buildings. A garage hall has been designed under the site designed for the parking of nearly 200 vehicles, Adapted to serve electric-powered cars.
Slide 24: Zatoka Wrzosowo Dziwnowek and Stadtvilla Falkensee
Zatoka Wrzosowo | Dziwnéwek Stadtvilla | Falkensee Development project Dziwnéwek Development project Falkensee Pekabex Development is preparing an investment project involving the construction of 10 buildings for The development will include two buildings multi-family premium category, ie. two-story
Slide 25: Selected realized contracts: Prefabrication contracts
= Pekabex Selected realized contracts Prefabrication contracts
Slide 26: Katowice, Stargard, Goteborg projects
= Pekabex Katowice City Stadium The ongoing construction of thecity stadium in Katowice is proceedin; according to schedule. By April 30, we plan to complete the installation of the prefabricated sports hall, administrative and sports facilities andthe entranceatrium. The project includes about 5,30
Slide 27: Kutno, Tarnowo Podgorne, Dabrowa Gornicza, Barlinek
= Pekabex Kutno Newly Weds Food production hall Construction contains building of production hall. Prefabrication of production hall contains ca. 1 381 elements (columns, beams, HC slabs, roog, beams, foundations). Tarnowo Podgorne KIMBALL ELECTRONICS The project consists of expanding the existing h
Slide 28: Malmo, Stockholm, Lodz projects
= Pekabex Malmo. Skanska Construction containsassembly of 2 residential building. Prefabrication contains ca, 3 800 elements (8,4 thous. m? of useable area and 6,5 thous. m?underground parking of HC slabs, filigree walls, Stockholm Banken Project related to a residential building with a service area
Slide 29: Selected realized contracts: Construction services
= Pekabex Selected realized contracts Construction services 29
Slide 30: CTP and MLP warehouse projects
= Pekabex llowa CTP - warehouse and office A complex of two warehouse halls witha total area of more than 130,000 m2. Thisis Pekabex'slargest investment ever- not only in terms of size but also in terms of contractvalue. The halls are executed in the general contracting system, characterized by a Co
Slide 31: 7R, Laboprint, BIMS projects
= Pekabex Lublewo Gdanskie 7R Two production and warehouse halls realized together with technical infrastructure, road system, green areas, gatehouse and pumping station ‘bulldings, fre tank. The hall has space leased in the automotive, sewing and food industries. Poznan Laboprint The scope of the o
Slide 32: Drutex, Lech Fabrics, Panattoni projects
= Pekabex Bytow Drutex - warehouse and office Building with 2 floors of parking and 3 floors of offices Total floor area - almost 12 thous. m2. Prefabrication includes delivery and assembly of 1 200 elements (columns, beams, stairs, HC slabs, filgree slabs). Kostrzyn Lech Fabrics - warehouse and off
Slide 33: Noex, MTP Poznan, Mazda showroom
= Pekabex Komorniki Noex - office building A fourstory external office building with an area of 1,100 m2 (phase 2 of the Investment) ‘characterized by a highlevelof interior finishing. MTP | Poznan Parking hall project The internal area of the parking hall is approx. 18,000 m2 Prefabrication contain
Slide 34: Housing projects Wloclawek and Sianow
= Pekabex Wloclawek Housing project Four multi-family buildings, totaling 288 apartments, including those adapted for people with disabilities Buildings are made in the technology of modern prefabrication (prefabricated are all elements) and designed with full BIM technology. PFR Nieruchomosci | Sia
Slide 35: New key projects
Date Contractor Description «Contract value (%) Contract currency New key projects* June 1, 2022 SK Engineering Co. Ltd. Sp. z 0.0. Branch in Poland The subject of the contract is the execution of the prefabricated structure of the OBL buildings within the framework of the Investment titled Lithium-
Slide 36: New key projects
Date Contractor Description «Contract value (%) Contract currency New key projects* December 7, 2022 Torus Gdynia Péinoc Sp. 2.0.0. s. k. The subject of the agreement is the construction of a warehouse and logistics hall with social and office facilities, accompanying facilities and accompanying inf
Slide 37: Assets
ASSETS 31.12.2022 31.12.2021 Non-current assets Goodwill 25 239 25 239 Intangible assets 5 563 3 067 Property, plant and equipment 391 875 392 129 Investment properties 25 030 25 304 Investments in related parties 447 569 Investments in associates - - Receivables and loans 1 514 1 636 Derivative ass
Slide 38: Equity and liabilities
EQUITY AND LIABILITIES 31.12.2022 31.12.2021 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 826 24 826 Own shares (-) - - Share premium 25 245 25 245 Other capitals 7 060 7 060 Retained earnings: 395 593 330 433 Shareholders’ equity attributable
Slide 39: Income statement
Continued operations 01.01.2022 01.01.2021 - 31.12.2022 - 31.12.2021 Net sales 1 677 945 1 504 862 Costs of sales 1 396 769 1 310 733 Gross profit (loss) on sales 281 176 194 129 Selling expenses 111 923 84 723 Administrative expenses 67 800 52 657 Other operating revenues 5 282 4 888 Other operatin
Slide 40: Cash-flow from operating activities
Cash-flow from operating activities 01.01.2022 - 31.12.2022 01.01.2021 - 31.12.2021 Net profit (loss) before tax 82 173 49 277 Adjustments for: Depreciation and impairment allowances of property, land and equipment 27 670 26 725 Adjustments for profits (losses) resulting from changes in the fair val
Slide 41: Cash flow from investing and financing activities
Cash flow from investing activities 01.01.2022 - 31.12.2022 01.01.2021 - 31.12.2021 Purchase of intangible assets (2 779) (2 079) Sale of intangible assets - - Purchase of property, plant and equipment (16 606) (17 518) Sale of property, plant and equipment 227 229 Purchase of investment properties
Slide 42: Thank you
= Pekabex THANK YOU