Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — H1 2020 Earnings Presentation
29 slides from Polimex - Mostostal Sa's earnings presentation, Aug 24, 2020
Slide 1: Polimex Mostostal Capital Group Financial Results for 1H 2020
POLIMEX MOSTOSTAL CAPITAL GROUP FINANCIAL RESULTS FOR IH 2020
Slide 2: Polimex Mostostal Capital Group
Polimex Mostostal Capital Group The company carries out specialized investments in Poland and abroad for the energy, petrochemical, gas and environmental protection industries. It is a producer and an exporter of steel structures and platform gratings. It also provides services in the galvanizing an
Slide 3: Certificate of Incorporation – 10 September 1945
Certificate of Incorporation – 10 September 1945 AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 2
Slide 4: Company history timeline
1945 BEGINNINGS Establishment of the Polish Society for Export and Import of Machinery and Devices Sp. z o. o. CEKOP 1949 Centre for Export of Complete Industrial Facilities (CEKOP) is established. 1959 POLIMEX Polimex Mostostal S.A. Polimex adopts the name is a successor of Polimex – Polish Society
Slide 5: We Construct the Future
WE CONSTRUCT THE FUTURE AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 4
Slide 6: Segments of Polimex Mostostal Capital Group
Segments of Polimex Mostostal Capital Group Polimex Mostostal Capital Group consists of production and service companies operating in the following key sectors: POWER SECTOR OIL, GAS PRODUCTION INDUSTRIAL INFRASTRUCTURE EQUIPMENT AND SERVICE AND CHEMICAL CONSTRUCTION BASE AUGUST 2020 WWW.POLIMEX-MOS
Slide 7: Strategic Goals of the Capital Group
Strategic Goals of the Capital Group ▪ Maintaining the position of the EPC leader in the power sector with regards to large-scale energy investments on the Polish market based on our competences, our skilled personnel and our experience from the implemented projects, as well as from the projects cur
Slide 8: Business segments (1/2)
Business segments (1/2) Polimex Energetyka – our excellent industry expertise and knowledge of energy facilities allow us to comprehensively implement organizationally and technically challenging, highly complex turnkey projects in the power sector. We operate both in Poland and the EU providing ser
Slide 9: Business segments (2/2)
Business segments (2/2) Polimex Budownictwo and Polimex Infrastruktura – we offer comprehensive services in the segment of industrial and general construction in the formula of a General Contractor (GC). The Company’s offer is based on the following pillars: Industrial and cubature construction ▪ pr
Slide 10: Strategic coal projects – Opole and Puławy
Strategic coal projects – Opole and Puławy Opole Puławy Project ended in September 2019. Two new power units 5 and 6 New power unit with the capacity of with the capacity of 900 MW each 100 MWe and 300 MWt ▪ Total net value of the contract (basic): ▪ Total net value of the contract: PLN 9,382 millio
Slide 11: Strategic gas projects – Żerań, Dolna Odra
Strategic gas projects – Żerań, Dolna Odra Żerań CHP Plant Dolna Odra Power Plant Gas and steam power unit with the capacity Two new gas and steam power units at PGE GiEK S.A., of 497 MWe at the Żerań CHP Plant in Warsaw Dolna Odra Power Plant Branch ▪ Total net value of the contract: ▪ Total value
Slide 12: EC Żerań – summer 2020
EC Żerań – summer 2020 AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 11
Slide 13: EC Żerań – August 2020
EC Żerań – August 2020 AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 12
Slide 14: Selected Financial Data for 1H 2020
SELECTED FINANCIAL DATA FOR IH 2020 AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Selected Financial Data for 1H 2020 (in mln PLN)
Selected Financial Data for I H 2020 (in mln PLN) Polimex Mostostal Capital Group in mln PLN IH 2019 IH 2020 OPERATING INCOME 750 724 OPERATING PROFIT -4 31 EBITDA 13 50 GROSS INCOME -12 24 NOTES ▪ The operating income of Polimex Mostostal Capital Group (the “Capital Group”) for the first half of 20
Slide 16: Segments of the Capital Group in 1H 2020
Segments of the Capital Group in IH 2020 (in mln PLN) Oil, gas, Industrial Infastructure Other in mln PLN Power */ Production Exclusions Total chemicals construction construction activities SALES TO EXTERNAL CUSTOMERS EXCLUDING SALES REVENUE BETWEEN THE SECTORS 212 268 181 18 42 3 724 TOTAL INCOME P
Slide 17: Revenues in 1H 2020
Polimex Mostostal Capital Group - Revenues in IH 2020 (in mln PLN) 0% 1% 2% 6% 1% 2% POWER SECTOR ENERGETYKA PRODUCTION PRODUKCJA 16% OIL, GAS, CHEMICALS 29% NAFTA, GAZ, CHEMIA 40% 25% INDUSTRY IH2019 IH2020 BUDOWNICTWO PRZEMYSŁOWE INDUSTIAL CONSTRUCTION INFASTRUCTURE BUDOWNICTWO INFRASTRUKTURALNE O
Slide 18: Order Book (in billion PLN)
Polimex Mostostal Capital Group Order Book (in billion PLN) 4,0 3,7 3,8 2,3 2,2** June 2019 September 2019 December 2019 March 2020 June 2020 Order portfolio for IH 2020 in million PLN Power Sector* Oil, gas, chemicals Production Others 3 127 451 145 118 * including strategic projects ** The Group’s
Slide 19: Financial results compared with WIG-BUD companies
Financial results of Polimex Mostostal Capital Group compared with the companies listed in WIG-BUD in billion PLN 12,0 8,5% 9,0% 8,0% 10,0 5,5% 7,0% 8,0 6,0% 4,9% 5,0% 6,0 11,6 3,7% 4,0% 4,0 7,7 2,4% 3,0% 2,0% 2,0 3,8 2,2 2,6 0,9 1,0% 1,6 1,3 1,2 1,8 0,0 0,0% PXM (POLIMEXMS) BDX (BUDIMEX) ERB (ERBUD
Slide 20: Value of Currently Offered Projects
Value of Currently Offered Projects AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 19
Slide 21: Value of Currently Offered Projects in the Companies (gross)
Value of Currently Offered Projects in the Companies (gross) 7 000 6 850 6 000 5 000 3 970 4 000 3 000 2 000 1 269 1 251 1 308 1 308 1 226 903 868 966 1 000 0 Estimated value Company’s Estimated value Company’s Estimated value Company’s Estimated value Company’s Estimated value Company’s (in million
Slide 22: New projects since January 2020
New projects since 1 January 2020 ▪ Turnkey construction of two gas and steam power units in Dolna Odra (contract value: PLN 3.6 billion, of which the share of PxM is PLN 1.5 billion), Client: PGE Górnictwo i Energetyka Konwencjonalna S.A (Poland) ▪ Performance of works on the Visbreaking installati
Slide 23: Technical Safety Leader
TECHNICAL SAFETY LEADER AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 22
Slide 24: Polimex Mostostal - Leader of Safety
Polimex Mostostal - Leader of Safety The primary goal of Polimex Mostostal Capital Group is to implement projects that fulfil the expectations of our Clients, while adhering to the highest international quality, environmental protection and occupational health and safety standards, with due regard f
Slide 25: Domestic Market – Our Clients & Partners
Domestic Market – Our Clients & Partners Klienci Partnerzy AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 24
Slide 26: International Markets – Our Clients
International Markets – Our Clients AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 25
Slide 27: International Markets – Our Partners
International Markets – Our Partners AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 26
Slide 28: Legal Disclaimer
Polimex Mostostal Capital Group – Legal Disclaimer This material is not part of, nor should be considered an offer or an incentive to purchase securities of Polimex Mostostal S.A. (the "Company"). The material should not constitute, in whole or in part, any grounds for, nor should it be referred to
Slide 29: Contact
CONTACT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa Tel. +48 22 829 71 00 www.polimex-mostostal.pl AUGUST 2020 WWW.POLIMEX-MOSTOSTAL.PL 28