Poznanska Korporacja Budowlana Pekabex Sa · GPW:PBX
Poznanska Korporacja Budowlana Pekabex Sa — Pekabex — Investor Presentation (September 2023)
38 slides from Poznanska Korporacja Budowlana Pekabex Sa's investor presentation, September 2023
Slide 1: Investor Presentation
Investor Presentation Poznan, September 2023
Slide 2: Safe Development: Mission and Vision
SAFE DEVELOPMENT MISSION We believe that prefabrication is the technology of the future in construction VISION We want to be top 5 in Europe to create new trends and build ecological, effective and beautiful buildings 2
Slide 3: Key numbers in 1H23
Key numbers in 1H23 Solid fundamentals create basis for dynamic development No.1 Leading Polish manufacturer 2 464 107 135 m3 PLN 990 m PLN 772 m Number of employees1 prefabricated Value of backlog as Revenues elements produced of 30.06.20232 PLN 84 m PLN 46 m PLN 116 m PLN 164m PLN 406 m EBITDA3 Ne
Slide 4: Prefabrication production
Prefabrication production Stable growth of production › In the first half of 2023, the volume of prefabrication production reached 107.135 m³; in the prior period of 2022 production amounted to 136.399 m³ and in 1H 2021 amounted to 125.625 m³ . * Additionally, production presented with prior periods
Slide 5: 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 Backlog (thous. PLN) contracts, which are/will be realized, and revenues will be recorde
Slide 6: Strong Balance Sheet & Financial Stability
Strong Balance Sheet & Financial Stability Steady and continuous growth Volume of production in 2011-1H 2023 (’000 m3) Revenues (mPLN) 140 128 790 865 204 175 182 140 144 952 126 136 886 772 838 772 107 623 640 71 77 550 37 41 49 53 318 328 351 18 23 25 33 219 12 14 15 158 2003 2004 2005 2006 2007 2
Slide 7: Revenue growth and stable margins
Strong Balance Sheet & Financial Stability Revenue growth and stable margins Revenues (in thous. PLN), gross margin EBITDA (in thous. PLN), EBITDA margin1 837 954 84 461 772 290 18,07% 639 547 15,05% 15,29% 55 852 44 672 › The first half of 2023 was a period of high 10,9% revenue achievement and rec
Slide 8: Selected Financial Data by Segments
Selected Financial Data by Segments The most important segments’ margins* › Prefabrication contracts is the leading Prefabrication contracts* - segment revenue (in thous. PLN) Construction services* - segment revenue segment and it generates the largest part and margin (in thous. PLN) and margin of
Slide 9: Well diversified revenue sources
Strong Balance Sheet & Financial Stability Well diversified revenue sources 11%; 85* 72%; › At the end of the first half of 2023, foreign sales of the 4,5%; 552 35 prefabrication segment represented 28,5% of the entire Group's revenue. › The most important foreign markets in terms of revenue is 0,5%
Slide 10: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Fixed assets 486 432 452 810 460 718 420 445 338 184 246 140 244 181 259 590 175 021 2015 2016 2017 2018 2019 2020 2021 2022 1H 2023 Equity 509 403 482 495 405 622 361 721 309 270 285 359 237 570 212 222 179 158 2
Slide 11: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Trade receivables 280 327 Raw materials Inventory 265 907 26 674 Finished goods (prefabricated elements) and others 30 209 512 861 - Work in progress (development projects) 471 940 468 126 78 236 51 659 Finished g
Slide 12: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage › Net Debt is the difference between financial liabilities (loans, borrowings and other external sources of financing, financial leasing, without purchase option of FTO shares) and cash and cash equivalents. › Net
Slide 13: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX breakdown 2017 2018 2019 2020 2021 2022 1H 2023 Land 0 5 946 76 2 953 52 1 914 0 Buildings 1 967 7 222 5 126 44 431 9 570 8 219 548 CAPEX policy: Machinery and 4 035 5 340 9 851 52 395 11 334 12 306 9 377 equipment I
Slide 14: Pekabex cash flow
Pekabex cash flow (in thous. PLN) 250000,0 +71 214 -42 892 +6 914 -32 905 200000,0 +14 230 +57 005 +164 470 -13 946 -3 357 -11 444 150000,0 119 650 100000,0 50000,0 0,0 Cash and cash Profit (loss) before tax Amortisation and Cost of interests Changes in working Income tax paid Other net cash from Ne
Slide 15: 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* 17,6% Dividend date 2016 2017 2018 2019 2020 2021 2022 2023
Slide 16: Pekabex Strategy 2020-2024
Safe development PEKABEX STRATEGY 2020-2024 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 department
Slide 17: Pekabex values
Respect Honesty Responsibilty Self-improvement Open communication Pekabex values 17
Slide 18: Appendix
Pekabex’ @ Appendix
Slide 19: Selected Development projects in 1H 2023
Selected Development projects in 1H 2023 19
Slide 20: Development projects Casa Fiore and Mechelinki
Mechelinki | Gdynia Hafciarska St. | Warsaw Development project Casa Fiore Development project Mechelinki The development project includes 40 independent 2- and 3-story apartments ranging from 59 to 94 sqm, each with its The investment in Mechelinki consists in the construction of a Origin health co
Slide 21: Development projects Hel and Katedralna
Katedralna | Czestochowa Casa Baia | Hel Development project Hel Development project Katedralna The usable area of the investment will amount to over 3 000 m². The investment will be located in one of the most The investment at Katedralna Street in Częstochowa consists of the construction of two mul
Slide 22: Development projects Ja_Sielska and P.Homes
P.Homes | Poznań Jasielska St. | Poznan Development project Ja_Sielska Development projects P.Homes Phase 3 is currently under construction, which will 124 units of 6,500 sq. ft. will be built, in 3 buildings. A garage hall The Group's latest residential construction solution is direct-to-consumer o
Slide 23: Development projects Dziwnówek and Stadtvilla
Stadtvilla | Falkensee Zatoka Wrzosowo | Dziwnówek Development project Dziwnówek Development project Stadtvilla Pekabex Development is preparing an investment project involving the construction of 10 buildings for tourist The development will include two buildings multi-family premium category, i.e.
Slide 24: Selected realized contracts: Prefabrication
Selected realized contacts Prefabrication 24
Slide 25: City Stadium, Liseberg Park, Service-commercial buildings
Katowice Goteborg City Stadium Liseberg Park The ongoing construction of the city The scope of the contract included the task stadium in Katowice is proceeding of prefabricating and installing the dry part according to schedule. By April 30, we and the "Attraction tower" - a multi-story plan to comp
Slide 26: Celsiusgatan, Parking hall, Service and housing
Goteborg Kastellet Celsiusgatan Parking hall Assembling project began in May. In our The project includes the manufacture scope includes columns, beams, filigree and supply of masonry wallsfacade and slabs, solid walls and sandwich walls with some accessory structures. The painted and matrix facade.
Slide 27: Soborg Hovedgade, Banken, Housing projects
Copenhagen Stockholm Soborg Hovedgade Banken Project related to a residential building with A multi-storey commercial and a service area. During construction, we use: residential building located in a suburb exterior walls painted, matrix painted walls of Copenhagen. The building consists of and bri
Slide 28: Kythus, TTS Development, Tubings
Copenhagen Lublin Kythus TTS Development The scope of the order the The contract is for the construction of the design, manufacture and second stage of the Panorama residential delivery of elements (beams, development in Lublin at 18 Garbarska St. columns and solid walls) for 3 In this stage we are
Slide 29: Selected realized contracts: Construction services
Selected realized contacts Construction services 29
Slide 30: 7R City Park, BIMS, Laboprint, CTP
Gdansk Przyszowice 7R City Park BIMS Construction contains warehouse and Construction of 3 warehouse and office facility. Total floor area – almost production facilities with offices and 10 600 m2. accompanying road and technical infrastructure. Total floor area – 41 000 Prefabrication contains 694
Slide 31: Housing project, Anton Rohr warehouse
Kokillbacken - Sweden Mosina Housing project Anton Rohr - warehouse Multi-family buildings, totaling 154 Construction contains one warehouse. apartments. Prefabrication of warehouse contains ca. The contract concerns the design and 620 elements (columns, beams, HC slabs, construction of a complex of
Slide 32: New key projects
New key projects* *Contract Contract Date Contractor Description value (%) currency The subject of the contract is the execution of "turnkey" warehouse- May 24, 2023 MLP Pruszków V Sp. z o.o. production and office building office building with symbol C0 with area 4% EUR of about 32,670 m², together
Slide 33: Consolidated Statement of financial position
Financial results Consolidated Statement of financial position ASSETS 30.06.2023 30.06.2022 31.12.2022 Non-current assets Goodwill 25 239 25 239 25 239 Intangible assets 5 833 2 590 5 563 Property, plant and equipment 399 901 391 069 391 875 Investment properties 24 841 25 238 25 030 Investments in
Slide 34: Consolidated Statement of financial position (cont.)
Financial results Consolidated Statement of financial position (cont.) EQUITY AND LIABILITIES 30.06.2023 30.06.2022 31.12.2022 Equity Shareholders’ equity attributable to the Shareholders of the Parent Company: Share Capital 24 826 24 826 24 826 Own shares (-) - - - Share premium 25 245 25 245 25 24
Slide 35: Consolidated profit and loss accounts
Financial results Consolidated profit and loss accounts 01.01.2023 01.01.2022 01.01.2022 - 30.06.2023 - 30.06.2022 - 31.12.2022 Net sales 772 290 837 954 1 677 945 Costs of sales 632 748 709 839 1 396 769 Gross profit (loss) on sales 139 542 128 115 281 176 Selling expenses 44 080 54 587 111 923 Adm
Slide 36: Consolidated cash flow statement
Financial results Consolidated cash flow statement 01.01.2023 01.01.2022 01.01.2022 Cash-flow from operating activities - 30.06.2023 - 30.06.2022 - 31.12.2022 Net profit (loss) before tax 31 792 35 149 82 173 Adjustments for: Depreciation and impairment allowances of property, land and equipment 14
Slide 37: Consolidated cash flow statement (cont.)
Financial results Consolidated cash flow statement (cont.) 01.01.2023 01.01.2022 01.01.2022 - Cash flow from investing activities - 30.06.2023 - 30.06.2022 31.12.2022 Purchase of intangible assets -1 245 -719 -2 779 Sale of intangible assets - - - Purchase of property, plant and equipment -10 399 -7
Slide 38: Thank you
= Pekabex’ THANK YOU