Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q1 2016 Earnings Presentation
13 slides from Grupa Kety Sa's earnings presentation, 2016
Slide 1: Financial Results for 1st Quarter 2016
FINANCIAL RESULTS FOR 1st QUARTER 2016 DARIUSZ MAŃKO PRESIDENT&CEO ADAM PIELA BOARD MEMBER&CFO 1
Slide 2: Optimistic Beginning of the Year
OPTIMISTIC BEGINNING OF THE YEAR Very good opening, both in the country - an increase of 10%, and in foreign markets - an increase of 13%. The increase in consolidated profit both at the operational level (+ 26%) and net profit (+ 54%). Recommendation of dividend payment in line with the policy of t
Slide 3: Macro Factors in the 1st Quarter 2016
MACRO FACTORS IN THE 1st QUARTER 2016 Aluminium price 3M (USD/t) Exchange rate EUR/PLN 2000 4,6 4,4 1800 4,2 1600 4 1400 3,8 Aluminium price 3M (PLN/t) Exchange rate USD/PLN 7 300 4,2 7 000 4 6 700 6 400 3,8 6 100 3,6 5 800 5 500 3,4 3
Slide 4: Extruded Products Segment - maintaining the value of sales, despite significant declines in raw material prices
EXTRUDED PRODUCTS SEGMENT - maintaining the value of sales, despite significant declines in raw material prices Extruded Products Segment Q1_2016 Q1_2015 change Sales 197,5 201,8 -2% Decrease by o 2% r/r 250 228,5 Domestic 120,9 125,5 -4% 215,0 197,5 Export 76,6 76,2 1% 201,8 200 175,4 150 100 The o
Slide 5: Aluminium Systems Segment – maintained an upward trend
ALUMINIUM SYSTEMS SEGMENT – maintained an upward trend Aluminium Systems Segment Q1_2016 Q1_2015 change Increase by 33% yoy Sales 226,0 170,2 33% 250 240,3 246,3 226,0 Domestic 125,1 112,0 12% 197,8 Export 100,9 58,2 73% 200 170,2 150 100 50 0 1Q_2015 2Q_2015 3Q_2015 4Q_2015 1Q_2016 An optimistic st
Slide 6: Flexible Packaging Segment – stabilization in the markets of Western Europe
FLEXIBLE PACKAGING SEGMENT – stabilization in the markets of Western Europe Flexible Packaging Segment Q1_2016 Q1_2015 change Sales 122,1 107,2 14% Increase by 14% yoy 150 Domestic 72,2 59,4 22% 122,1 Export 49,9 47,8 4% 114,7 107,2 103,9 109,2 100 The increase in both domestic and export. Domestic
Slide 7: Other Segments - a significant increase in cooperation within the Group
OTHER SEGMENTS - a significant increase in cooperation within the Group Other Segments Q1_2016 Q1_2015 change Increase by 61% yoy Sales 53,1 32,6 61% 60 57,9 53,1 Domestic 46,2 7,6 450% Export 6,9 25 -72% 45 41,0 41,4 33,0 30 15 A significant improvement on the level of profitability. 0 1Q_2015 2Q_2
Slide 8: Implementation of Major Investment Projects
IMPLEMENTATION OF MAJOR INVESTMENT PROJECTS Progress in 2016 EXTRUDED PRODUCTS SEGMENT (from the perspective of payments) An iImprovement in efficiency of production and logistics 5% A press line for „hard alloys” 2% The development of production capacity in Advanced Aluminum Products sub division 3
Slide 9: Outstanding Quarter
OUTSTANDING QUARTER PLN million Q1 2016 Q1 2015 change 3Q 2015 3Q 2014 Zmiana Revenues 519,0 466,0 +11% 1 502,0 1 340,6 +12 Operating profit 66,0 52,3 +26% 195,0 191,1 +2% margin 12,7% 11,2% 13,0% 14,2% EBITDA 91,4 73,7 +24% 262,3 252,2 +4% margin 17,6% 15,8% 17,5% 18,8% Result on financial activity
Slide 10: Cash-Flow from Operating Activities Also in Very Good Level
CASH-FLOW FROM OPERATING ACTIVITIES ALSO IN VERY GOOD LEVEL Working capital (PLN million) (PLN million) 1Q_2015 2Q_2015 3Q_2015 4Q_2015 1Q_2016 600 580 546 Working Capital 532 551 580 536 546 532 551 536 Inventories 305 327 333 323 327 500 Receivables 405 410 431 381 406 400 Liabilities 178 186 183
Slide 11: Stable Financial Position
STABLE FINANCIAL POSITION Bank debt (PLN milion) The increase in debt compared to last year, resulting from the need to 350 finance the investment program and the payment of record dividends 300 254,3 224,2 in the second half of 2015. 250 233,4 209,3 233,0 200 Net debt at around PLN 216 million. 150
Slide 12: Summary
SUMMARY Very good financial results of the first quarter. Continuation of the main projects of the new strategy on schedule. Optimistic outlook for the next quarter. 12
Slide 13: Legal Note
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undert