Poznanska Korporacja Budowlana Pekabex Sa · GPW:PBX
Poznanska Korporacja Budowlana Pekabex Sa — Pekabex — Q1 2025 Earnings Presentation
34 slides from Poznanska Korporacja Budowlana Pekabex Sa's earnings presentation, June 2025
Slide 1: Investors' Presentation
Investors’ Presentation Poznan, June 2025
Slide 2: Key numbers in 1Q 2025
Key numbers in 1Q 2025 Solid fundamentals create basis for dynamic development #1 47 920 m3 PLN 1 947 m PLN 408 m Leading Polish Prefabricated elements Value of backlog as Revenues manufacturer produced of 31.03.20252 PLN 13 m PLN 2 m PLN 160 m PLN 148 m PLN 448 m www.pekabex.com | 01.02.2024 EBITDA
Slide 3: Backlog: Strong, well-diversified backlog
Backlog* Strong, well-diversified backlog › Pekabex Group systematically builds significant and well-diversified backlog, which will fill the production in following years. It contains aggregated value of signed contracts (or planed Backlog (thous. PLN) on the budget in the case of development segme
Slide 4: Financial Stability
Financial Stability Strategic growth Volume of production ('000 m3) Revenues (mPLN) 266 264 1 678 1 728 1 505 1 566 204 206 199 175 182 140 144 952 886 772 623 71 77 505 58 351 387 408 44 48 328 325 EBITDA (mPLN) Net profit (mPLN) 139 67 69 128 58 51 96 89 84 82 41 41 34 30 52 55 26 25 48 43 23 36 1
Slide 5: Financial Stability: Revenue and margins
Financial Stability Revenue and margins (thous. PLN, %) EBITDA, EBITDA margin* Revenues In 1Q 2025, the construction industry 18,8% faced significant challenges, primarily 408 474 387 100 due to a limited number of contracts 324 570 available on both the Polish and European markets. This situation 1
Slide 6: Selected Financial Data by Segments
Selected Financial Data by Segments Revenue, operating profit and margin by segments (thous. PLN, %) › In 1Q 2025, the Group’s revenues and Prefabrication contracts* Construction services* financial results were mainly driven by two segments: Prefabrication contracts 228 352 and Construction Service
Slide 7: Revenue: Well diversified revenue sources
Revenue Well diversified revenue sources (thous. PLN,%) › The share of foreign sales in the Group's total revenues in 1Q 2025 increased and amounted to 33,8%, which is related to the general slowdown in European markets. Germany and Scandinavia (mainly Sweden and Denmark) remain two key markets for
Slide 8: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN) Cash and equivalents Inventory 367 924 › In the first quarter of 2025, the level 195 331 337 417 Finished goods of inventories decreased compared 62 916 (apartments) 147 921 to the end of December 202
Slide 9: Development Projects
Development Projects Financial Involvment Inventory – Liability semi-finished Liabilities related Inventory – recognised in the Investment as of 31.03.2025 products and to the financing Escrow accounts Construction Stage Finished goods balance sheet in work in of investments relation to sales progre
Slide 10: Pekabex Cash Flow (thous. PLN)
Pekabex Cash Flow (thous. PLN) 6 281 7 426 202 797 1 967 5 766 -43 259 -3 882 -181 -3 759 2 147 921 -25 237 Cash and cash Profit (loss) Amortization Cost of Changes in Income tax Other net Net cash from Proceeds Proceeds Payment of Other Cash and cash equivalents at before tax and interests working
Slide 11: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage (thous. PLN, %) Financial liabilities* Working capital ** 422 273 544 904 308 411 447 521 382 973 228 281 275 952 195 401 87 315 › Working capital calculated as a trade receivables, cash and cash equivalents 140 9
Slide 12: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX breakdown 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2025 (thous. PLN) Land 0 5 946 76 2 953 52 1 914 0 462 0 CAPEX policy: ▪ Investments that are related to automation and computerization Buildings 1 967 7 222 5 126 4
Slide 13: Stock market and ratios
Strong balance sheet & financial stability 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 2018 2019 2020 2021 2022 2023 17,6% Dividend date 2016 2017 2018 2019 2020 2021 2022
Slide 14: Appendix
= Pekabex’ ® Appendix
Slide 15: Selected realized contracts: Prefabrication
Selected realized contracts PREFABRICATION www.pekabex.com | 01.02.2024
Slide 16: Zenit Project / Bakery OMAR
Bakery OMAR MHOS A modern bakery plant OMAR is under construction in Ostrowiec Świętokrzyski – a technologically advanced industrial complex dedicated to the production and storage of bakery products. The investment involves the development of a production and warehouse facility with a technical sec
Slide 17: Retail Park Nowy Targ – Galeria Podhalańska
Retail Park Nowy Targ – Galeria Podhalańska The construction of Galeria Podhalańska for Bryjax Podhalańska is underway – a unique project that will change the face of the city. Galeria Podhalańska is not only about modern spaces but also a social centre that already arouses great interest. Once it’s
Slide 18: Production hall Gdansk
The Baltic Towers investment is characterized by an impressive built-up area of 430 m x 135 m, which gives a total of about Production hall 60,000 m². The hall reaches a height of 36 m, and its structure is based on girders with a span of 44 to 55 m. Whats is characteristic, is the 33.6 m high poles
Slide 19: Selected realized contracts: Construction Services
Selected realized contracts CONSTRUCTION SERVICES www.pekabex.com | 01.02.2024
Slide 20: TOMS – Nowa Sól; Student dormitory
Student dormitory Speedwell Student dormitory for Speedwell - implementation in the General Contractor formula for the Romanian-Belgian developer SPEEDWELL Development, which is starting its operations in the Polish real estate market. This is the first investment of SPEEDWELL Development in Poland
Slide 21: Märsta – Sweden; Aitel Seafood warehouse
Warehouse Aitel Seafood In the second half of 2024, the Group signed a contract for the construction of a fish processing and storage facility with Aitel Seafood sp. z o.o. The latter investment will be developed with support from the National Recovery Plan (KPO). The facility will meet stringent "F
Slide 22: Selected Development Projects
• SELECTED DEVELOPMENT PROJECTS
Slide 23: Development projects Casa Baia and Osiedle Neonowe
Częstochowa The investment at Katedralna Street in Częstochowa consists of the construction of two multi- family buildings with premises services on the first floor and an underground garage. Project will be subject to BREEAM certification and will apply for the Barrier-Free Facility certificate fro
Slide 24: Development projects Origin Mechelinki and Ja_Sielska III and V
Mechelinki The investment in Mechelinki consists of an Origin health complex consisting of holiday apartments (106 apartments with a total area of 3,620 sq. m), units for active seniors (58 units with a total area of 1,925 sq. m), and a rehabilitation center ReVital Rehabilitation Center (with 63 ro
Slide 25: Development projects Stadtvilla and Milczańska 18
Falkense The investment includes two buildings multi-family premium category, i.e. two-story villas containing 5 apartments each, ranging in size from 45 to 96 square metres with above-ground parking spaces The project has already received building permit for both buildings. Construction began in Au
Slide 26: Development projects Mira and Nowa Drewnicka
Ząbki The investments includes the construction of residential buildings in Ząbki. The investment project includes the construction of about 222 apartments along with surrounding infrastructure. The usable area of the land for the investment is around 12 000 sqm. Development project Mira Development
Slide 27: P.Homes
P.Homes The Group's latest residential construction solution is direct-to-consumer offering under a brand name „P.HOMES” - a system for building single-family houses using prefabrication technology. The technology used to build P.HOMES houses significantly exceeds the load-bearing and strength param
Slide 28: New key projects
New key projects* *Contract value Contract Date Contractor Description (%) currency The subject of the agreement is the construction of five additional Office floors on top of January 10, 2025 Trans Gourment Polska Sp. z o.o. the HoReCa warehouse in Poznań. 2% PLN The subject of the agreements is th
Slide 29: Consolidated Statement of financial position
Financial results Consolidated Statement of financial position 29
Slide 30: Consolidated Statement of financial position (cont.)
Financial results Consolidated Statement of financial position (cont.) 30
Slide 31: Consolidated profit and loss accounts
Financial results Consolidated profit and loss accounts 31
Slide 32: Consolidated cash flow statement
Financial results Consolidated cash flow statement 32
Slide 33: Consolidated cash flow statement (cont.)
Financial results Consolidated cash flow statement (cont.) 33
Slide 34: Thank you
THANK YOU