Slide 1: Summary of 2021 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Summary of 2021 in the TORPOL Group 14 March 2022
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) is to provide information on the company Torpol SA with its office in Poznań (the Company) and TORPOL Capital Group (Torpol Group). This Presentation is for information purposes only and does not constitute or contain an offer to sell or invitation to subs
Slide 3: Agenda
Agenda Summary of the overall situation of Group 4 Market outlook 6 Financial results 7 Backlog of orders 10 Investment plan for 2022 12 TORPOL OIL&GAS 13 Challenges, current objectives and prospects 14 Appendices 15 3 | www.torpol.pl
Slide 4: Summary of the overall situation of Group
Summary of the overall situation of Group 1 121,0 1 190,0 127,3 431,9 MN PLN MN PLN MN PLN MN PLN SALES REVENUE BACKLOG EBITDA in CASH (+6,7% r/r) (-19,4% r/r) (+47,3% r/r) 145,5 106,7 105,1 77,1 MN PLN MN PLN MN PLN MN PLN GROSS PROFIT ON SALES PROFIT ON SALES OPERATING PROFIT NET PROFIT (+45,6% r/
Slide 5: Summary of the overall situation of Group
Summary of the overall situation of Group Effect on financial performance Completion and settlement of most projects acquired during a difficult period of investment gap and low number of tenders in the market (2016-2017) above the originally planned profitability, Low activity of the Group's main c
Slide 6: Market outlook
Market outlook Railway development programmes NAME OF THE PROGRAMME VALUE EU budget perspective 2021-2027 76 BN EUR National Recovery Plan (NRP) 35.96 BN EUR National Railway Programme 76.71 BN PLN Central Communication Port (CPK) project 8-9 BN PLN Supplementing the Local and Regional Railway Infra
Slide 7: The financial situation
The financial situation Consolidated income statement Change in Data in PLN thousand Y2021 Y2020 %/pp The 19.4% y-o-y decrease in sales revenue is mainly due to the lack of projects from the new 2021-2027 perspective on the market, some of Sales revenue 1 121 424 1 392 203 -19,4% which were suppos
Slide 8: The financial situation
The financial situation Consolidated balance sheet Change in Data in PLN thousand 31/12/2021 31/12/2020 %/pp At the end of 2021, the Group's balance sheet total reached PLN 959 million, down by 8.1% year-on-year, mainly due to the settlement of a Balance sheet total 958 957 1 043 716 -8,1% signifi
Slide 9: The financial situation
The financial situation Cash flows from operating, investing and financing activities 800 700 +135,3 -138,9 600 +57,7 -8,2 +22,2 -43,0 -17,2 +101,3 -45,4 500 -35,1 -1,5 431,9 404,9 400 300 200 100 0 Cash opening Gross profit Amortisation Change in Change in liabilities Income tax Other operating cas
Slide 10: Current backlog
Current backlog The weighted average long-term profitability of the order book is approx. 10% CONTRACT VALUE 2019 2020 2021 2022 2023 2024 PLN 49.1 MN ***LK 226 Gdańsk Port Północny PLN 172.1 MN **Zad. 1 Stacja Szczecin Port Centralny PLN 101.0 MN **Zad. 2 Stacja Świnoujście PLN 89.3 MN LK 15,16 Łód
Slide 11: Map of investments
Map of investments Projects implemented by GK TORPOL S.A. Gdańsk Port Północny Ciechnowo Gdańsk Zaspa Towarowa PKM Gdańsk K. Kokoszowska 15 Port Świnoujście Stacja Olsztyn Główny Tuchola i Bajerze PROJECTS IMPLEMENTED BY Szczecin Port Centralny Zaleskie Łęgi Szczecin TORPOL Czeremcha - Hajnówka Wars
Slide 12: Investment plan
Investment plan Summary of investments for 2021 and the investment plan for 2022 Summary of investments for 2021 In 2021, the Group made investments of approximately PLN 37.6 million, representing Investments for 2022 (in PLN MN) 79.3% of the implementation of the investment plan, of which all signi
Slide 13: TORPOL OIL&GAS
TORPOL OIL&GAS A market worth billions of PLN In 2021, TOG participated in 50 proceedings with a total potential net value of PLN 411.5 milion. Out of 38 awarded proceedings, TOG won 20 orders with a total net value of PLN 94.5 million, mainly from PGNiG S.A, but also from Grupa Azoty Zakłady Azotow
Slide 14: Challenges, current objectives and prospects
Challenges, current objectives and prospects Strengthening the position of one of the largest entities in modernisation projects in the railway market, while maintaining market share; Maintaining a leading position in railway revitalisation projects; Active participation in proceedings for railway l
Slide 15: APPENDICES
torpo) y 4 y z Z E APPENDICES
Slide 16: Dividend
Dividend DPS DY%* 1,53 0,90 0,69 9,34% 0,50 0,44 6,90% 6,19% 0,25 4,10% 3,59% 3,21% 2014 2015 2016 2017 2018 2019 2020 *closing quotation on the last day of trading with the right to dividend 16 | www.torpol.pl
Slide 17: Financial indicators
Financial indicators 3,16 2,28 1,10 1,14 0,76 0,70 0,66 0,58 0,24 0,30 0,10 0,12 -2,46 -3,01 equity to assets ratio equity to fixed assets debt ratio debt to equity short-term indebtedness long-term indebtedness net financial debt to ratio EBITDA 31.12.2020 31.12.2021 17 | www.torpol.pl
Slide 18: Profitability ratios
Profitability ratios 28,41 20,52 12,97 11,36 9,51 9,38 7,70 7,17 6,88 6,21 4,65 4,57 4,18 3,49 Gross sales margin Profit margin on sales EBITDA margin EBIT margin Net margin ROA ROE 31.12.2020 31.12.2021 18 | www.torpol.pl
Slide 19: Shareholder structure
Shareholder structure 14 March 2022 Number of Shareholder (%) in capital shares 9,97% TF Silesia sp. z o.o. 8 728 600 38,00% NN OFE 8,79% 38,00% PKO TFI NN OFE 2 289 246 9,97% TF Silesia PKO TFI 2 019 209 8,79% Others 9 932 945 43,24% 43,24% Others TOTAL 22 970 000 100,00% 19 | www.torpol.pl
Slide 20: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand Y2021 Structure % Y2020 Structure % Change Change in % Sales of services 1 118 821 99,8% 1 391 634 100,0% -272 813 -19,6% Revenues from sales of goods and products 2 603 0,2% 569 0,0% 2 034 357,5% Sales revenues 1 121 424 100,0% 1 392 20
Slide 21: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 31/12/2021 Structure % 31/12/2020 Structure % Change Change in % Fixed assets 256 010 26,7% 228 219 21,9% 27 791 12,2% Tangible fixed assets 83 265 8,7% 83 238 8,0% 27 0,0% Right-of-use assets 77 980 8,1% 54 116 5,2% 23 864 44,1% Goodwil
Slide 22: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 31/12/2021 Structure % 31/12/2020 Structure % Change Change in % Equity 292 159 30,5% 250 667 24,0% 41 492 16,6% Share capital 4 594 0,5% 4 594 0,4% 0 0,0% Other reserve capital 156 320 16,3% 147 457 14,1% 8 863 6,0% Share premium 54 617
Slide 23: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand Y2021 Y2020 Change Data in PLN thousand Y2021 Y2020 Change Cash flows from operating activity Cash flows from investing activities Gross profit/loss on continued operations 101 253 58 825 42 428 Sale of fixed tangible assets and intangib
Slide 24: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand Y2021 Structure % Y2020 Structure % Change Change in % Sales of services 1 029 127 99,8% 1 317 534 100,0% -288 407 -21,9% Revenues from sales of goods and products 1 932 0,2% 554 0,0% 1 378 248,7% Sales revenues 1 031 059 100,0% 1 318 088 100,0% -287
Slide 25: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 31/12/2021 Structure % 31/12/2020 Structure % Change Change in % Fixed assets 259 077 27,6% 231 371 22,7% 27 706 12,0% Tangible fixed assets 82 632 8,8% 83 281 8,2% -649 -0,8% Right-of-use assets 76 938 8,2% 52 926 5,2% 24 012 45,4% Goodwill 9 008 1,0
Slide 26: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 31/12/2021 Structure % 31/12/2020 Structure % Change Change in % Equity 294 830 31,4% 254 820 25,1% 40 010 15,7% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 156 320 16,6% 147 457 14,5% 8 863 6,0% Supplementary capitals 54 617 5,8%
Slide 27: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand Y2021 Y2020 Change Data in PLN thousand Y2021 Y2020 Change Cash flows from investing activities Cash flows from operating activity Sale of fixed tangible assets and intangibles 822 1 273 -451 Gross profit 99 412 56 850 42 562 Adjustments by items: 32
Slide 28: TORPOL S.A. Investor Relations Office
TORPOL S.A. ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl Investor Relations Office Łukasz Sychowski Director of Social Communication Office tel. +48 61 87 82 793 fax +48 61 87 82 790 l.sychowski@torpol.pl | ri@torpol.pl 28 | www.torpol.pl