Dekpol Sa · GPW:DEK
Dekpol Sa — Q2 2024 Earnings Presentation
24 slides from Dekpol Sa's earnings presentation, October 2024
Slide 1: Financial results for Q2 2024
Q2 2024 Financial results for Q2 2024 Investor presentation October 2024
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer to sell any securities of Dekpol S.A. (The "Company"), in particular, it does not contain information about the securities and the terms of their purchase, and does not constitute an invitation to sell securities, submit offers for their purc
Slide 3: The Dekpol Group
The Dekpol Group Gdańsk Lubawa Pinczyn Działdowo Headquarter of the Group Toruń Budownictwo Deweloper Steel Betpref 3 Grupa Dekpol Poznań Wyniki finansowe FY 2022
Slide 4: The Dekpol Group
The Dekpol Group Dekpol Budownictwo sp. z o.o. • specialization in construction of cubature facilities (including logistics and industrial) • short- and medium-term contracts (execution time 6 - 9 months) • flexibility provided by own resources: machinery park, construction teams, prefabricates with
Slide 5: Agenda
Agenda Q2 2024 Deweloper Budownictwo Steel Financial results Summary 5
Slide 6: Deweloper – financial results
Deweloper – financial results Revenues, recognition of result Operating result Value (million of PLN) Quantity EBIT (million) margin (%) 450 1400 400 1200 77,4 350 321 29% 28% 71,2 25% 25% 287 21% 21% 22% 300 1000 19% 19% 22% 254 14% 250 11% 250 800 49,3 200 161 200 184 41,4 40,8 591 155 622 600 573
Slide 7: Deweloper – sales dynamics
Deweloper – sales dynamics Contracting and the offer Offer (number of aparments offered for sale) Contracting (apartments sold by agreements) Cel 2024: 550 lokali 1 006 740 950 713 667 811 738 746 740 713 715 714 569 667 550 649 625 609 480 490 565 472 445 382 185 341 346 275 161 238 141 289 143 138
Slide 8: Deweloper – diversified offer
Deweloper – diversified offer % of sales of apartments form the offer – as of 30.09.2024 1006 apartments in sales offer at the end of Q3 2024 Oval Sky 10% 37 332 369 Puck Bay Osiedle Pastelowe III 43% 101 133 234 Trimare etap I 42% 79 109 188 Osiedle Kociewskie… 67% 95 46 141 Sol Marina etap III 56%
Slide 9: Deweloper – investment pipeline for 2023-2027
Deweloper – investment pipeline for 2023-2027 favorable timing of planned implementations 2024 2025 2026 2027 2028 2029 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 125 393 126 61 140 141 98 PASTELOWE_3_[9, 10, 11] start 234 OVAL SKY_1_[1] start 369 OVAL SKY_2_[1u] start 2 PASTELOW
Slide 10: Budownictwo
Deweloper Budownictwo Steel Financial results Summary
Slide 11: Budownictwo – financial results
Budownictwo – financial results Revenues* (million of PLN) Operating result +52% EBIT (million) margin (%) 1 212 82,8 83,9 1 073 1 002 71,6 9,2% 850 8,3% 7,2% 6,9% 6,9% 49,6 654 6,1% 7,7% 5,2% 45,3 7,1% 5,1% 5,3% 487 31,5 5,8% 29,7 343 360 25,9 252 258 200 16,5 170 12,8 13,7 8,9 1Q23 2Q23 3Q23 4Q23
Slide 12: Budownictwo - competitive advantages allow the acquisition of orders
Budownictwo - competitive advantages allow the acquisition of orders +52% • accessible, expert and attractive services - market exploration at local level • focus on a high level of service is the core that builds a unique Customer-friendly brand identity • comprehensive human capital prepared to im
Slide 13: Budownictwo – outlook for 2025+
Budownictwo – outlook for 2025+ Strong ordering portfolio GW projects structure (as of 30.06.2024) Contracting (million of PLN) Net value of contracts (million of PLN) Remained for execution (million of PLN) Other 1616 9% 1507 1538 1532 1547 1404 1305 1321 1315 1250 1204 1171 910 910 885 800 828 824
Slide 14: Steel
Deweloper Budownictwo Steel Financial results Summary
Slide 15: Steel – financial results
Steel – financial results Revenues Operating result (million of PLN) EBIT (million) margin (%) (million of PLN) 157,4 12,6 139,6 11,4 Gradual rebuilding of order base 123,0 120,4 14,4% 12,7% 9,8 6,7% 8,1% 10,5% 2,9% 7,3% 6,2% 5,0% 2,2% 90,7 6,4 80,2 5,8 4,9 3,0 40,9 2,4 2,1 35,7 35,8 34,0 27,1 1,2 2
Slide 16: Steel – outlook for 2024+
Steel – outlook for 2024+ • From 2H 2023, implementation of a programme aimed at the profitability of the company in a period of lower sales : • optimization of fixed costs • optimization of working capital - e.g. reduction of inventories • expansion of the sales department with a view to acquisitio
Slide 17: Summary
Deweloper Budownictwo Steel Financial results Summary 17
Slide 18: Revenues – three segments
Revenues – three segments 1686 Revenues (million of PLN) 1569 Pozostale STEEL BUDOWNICTWO DEWELOPER 313 1387 320 1256 184 1021 254 837 287 772 496 503 161 1 213 155 1 001 1 073 579 389 105 112 363 351 850 314 321 336 16 299 200 108 271 54 42 654 39 21 552 52 259 487 51 301 343 360 216 243 242 252 25
Slide 19: Operating result – three segments
Operating result – three segments EBIT (million of PLN) 126 116 STEEL BUDOWNICTWO DEWELOPER Pozostale 120 113 77 81 41 71 38 39 49 42 71 48 42 52 17 12 13 72 84 22 30 83 35 28 22 50 31 4 36 30 45 28 23 24 26 21 12,8 23 11 13 10 2 3 6 8 6 -2 3 5,9 19 10 11 -6 -11 -4 -12 1 16 6 11 -41 -41 19 10 31 26
Slide 20: Consolidated net result
Consolidated net result Net result (million of PLN) 106 zysk netto znormalizowany zdarzenia jednorazowe i efekty bilansowe 90 79 32,4 31,7 76 30,0 +7,1 one-off +20,3 24,5 one-off 22,5 51 53 18,6 7,076 16,7 13,9 +24 12,4 72 one-off 9,6 56 27 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 2019 2020
Slide 21: Grupa Dekpol – Stabile financial position
Grupa Dekpol – Stabile financial position Net debt (million of PLN) at the end of period and ND / EBITDA ttm Bonds – maturity structure as of 30.06.2024 (million of PLN) Net debt (million of PLN) Net debt / EBITDA DSA Budownictwo Deweleper 300 4 112,5 112,5 2,8 2,4 1,9 1,6 1,7 250 1,4 repaid 250 1,1
Slide 22: Summary
Summary Revenues EBITDA Net profit (million of PLN) (million of PLN) (million of PLN) 1 569 135 132 1 386 125 90 1 245 79 76 7 20 57 43 687 90 71,8 55,7 2021 2022 2023 1HY 2021 2022 2023 1HY 2021 2022 2023 1HY • Solid results achieved in demanding environment, keeping of 12-months EBITDA ratios . •
Slide 23: Thank you
Thank you Dziękujemy za uwagę 23
Slide 24: Contact
Contact Our investor relations service Investor relations: Financial information: Agata.Dzieciolowska@ccgroup.pl https://dekpol.pl/informacje-finansowe/ Financial communication: Current reports: Katarzyna.Sadowska@ccgroup.pl https://dekpol.pl/raporty-biezace/ Periodical reports https://dekpol.pl/rap