Slide 1: Record Result FY 2020, Optimistic 2021+ Perspectives
RECORD RESULT FY 2020 OPTIMISTIC 2021+ PERSPECTIVES INVESTOR PRESENTATION MAY 2021 9/10/2021
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer to sell any securities of Dekpol SA (the "Company"), in particular, it does not contain information about securities and the terms of their purchase and it does not constitute an invitation to sell securities, submit offers for their purchase
Slide 3: The Capital Group
THE CAPITAL GROUP Mariusz Tuchlin CEO, Dekpol S.A. major shareholder Michał Skowron Sebastian Barandziak Andrzej Kuchtyk CEO CEO CEO Dekpol Budownictwo Dekpol Deweloper Dekpol STEEL Katarzyna Szymczak-Dampc Vice-CEO, Dekpol S.A. Financial Director 3
Slide 4: Agenda
AGENDA 1. Financial results FY 2020 2. BUDOWNICTWO (GW) 3. DEWELOPER 4. STEEL 5. Summary and perspectives 4
Slide 5: Financial Results of the Dekpol Group
FINANCIAL RESULTS OF THE DEKPOL GROUP
Slide 6: The Dekpol Group
THE DEKPOL GROUP Revenues (million of PLN) Revenues (%) +37% 1055 3% 8% 837 287 27% 5% 772 20% 12% 161 579 155 2020 2019 200 654 552 487 259 36 293 63% 203 52 73 91 80 62% 27 2016 2017 2018 2019 2020 Other STEEL GW Deweloper Other STEEL GW Deweloper Increase of revenues • FY 2020 – increase of reven
Slide 7: Dynamic Increase of Financial Results
DYNAMIC INCREASE OF FINANCIAL RESULTS Revenues Gross profit on sales (million Operating profit (million of PLN) of PLN) (million of PLN) margin 13,0% +2,2p.p. 1054 137 81 772 71 83 +27,6 one-off 81 43 -0,3 0 2019 2020 2019 2020 2019 2020 • increase in gross margin on sales by 2 pp. to 13.0% as compa
Slide 8: Selected Effects of Results Account 2020 vs. 2019
SELECTED EFFECTS OF RESULTS ACCOUNT 2020 vs. 2019 (million of PLN) -12,2 92,0 -3,6 81,2 +54,1 fixed costs at a similar level y / y selling cost 3.3% of sales vs. 3.0% in 2019 -27,3 53,9 mainly increase in sales 95,8 91,9 revaluation of profit by 65% y / y assets in 2019 53,9 53,9 EBITDA 2019 One-off
Slide 9: Financial Results
FINANCIAL RESULTS +13% y/y EBITDA (million of PLN) and EBITDA margin (%) +70% y/y l-f- l* EBITDA : 7,2% 13,4% 9,2% 7,2% 10,5% 8,7% • + 13% y / y in reported terms, 92,0 81,2 • + 70% y / y after adjustment for 60,2 one-off events 53,0 34,7 22,3 Net profit: 2015 2016 2017 2018 2019 2020 • +4% y/y PLN
Slide 10: Positive Cash Flow and Beneficial Indicators
POSITIVE CASH FLOW AND BENEFICIAL INDICATORS Operating cash-flows (milion of PLN) Net debt(million of PLN) / EBITDA ttm +64% 300 6 Net debt (million of PLN) 135,7 242 Net debt/EBITDA 250 5 225 219 217 204 200 182 4 82,8 4,1 173 3,7 3,7 62,2 150 3,4 3,4 3 56 130 119 106 38,1 33,5 100 2 29 2,2 24 2,1
Slide 11: Achieving the Target Financing Structure
ACHIEVING THE TARGET FINANCING STRUCTURE Bonds - maturity structure (million of PLN) CEL: (as at 31STRUKTURA FINANSOWANIA st of December 2020) Deweleper 97,7 Budownictwo DSA 60,2 50,0 10,0 50,0 35,0 21,5 50,0 50,2 35,0 11,0 21,5 0,0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 4Q 2020: I-IV 202
Slide 12: Dekpol Budownictwo
© dekool. BoA BUDOWNICTWO
Slide 13: Budownictwo
BUDOWNICTWO • A leading on the Polish market general contractor of construction works, specialized in construction of logistics, industrial and other cubature objects • access to own human and equipment resources, as well as prefabricated materials produced in plants of the Capital Group (Betpref) a
Slide 14: Budownictwo: Solid Growth Despite Pandemic
BUDOWNICTWO: SOLID GROWTH DESPITE PANDEMIC Revenues* (million of PLN) Operating result +34% +52%+52% +34% 654 EBIT (million) margin (%) 9,7% 6,1% 6,9% 6,7% 7,2% 6,4% 7,5% 6,9% 487 5,0% 2,1% 45,3 249 29,9 177 166 17,1 122 107 117 122 11,7 10,3 10,6 82 8,4 9,2 6 1,6 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
Slide 15: 2021+ Perspectives: Strong Ordering Portfolio
2021+ PERSPECTIVES Contracting (in million of PLN) STRONG ORDERING PORTFOLIO Net value of contracts (million of PLN) 1034 Structure of GW projects 875 (as at 31.12.2020) 750 Other 621 574 20% 500 432 416 409 Logistic 380 372 395 350 projects 270 40% 208 100 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 In
Slide 16: Short-Term Strategy
SHORT-TERM STRATEGY Priorities for 2021 - 2022: organic development of the company • increasing of sales results by acquisition of new sales markets in terms of with assumption of conversion of its territories and entities effect into increase of financial results • Keeping of discipline of direct a
Slide 17: Slide 17
Slide 18: Deweloper
DEWELOPER • 14 years on the market • stable business in the residential segment (about 60%) • substantial bank of land at the level of approx. 200 thousand of m2, of which approx. 70 thousand of m2 in premium projects • multi-dimensional and specialized competences in segments : • popular • enhanced
Slide 19: Dekpol Deweloper: Record Year 2020
DEKPOL DEWELOPER: RECORD YEAR 2020 Revenues, recognition as a result Operating result quantitatively and valuable Value (million of PLN) Quantity EBIT (million) margin (%) 350 1200 +3,2x +85% 17,3% 14,7% 14,0% 14,5% 300 12,0% 12,3% 1000 8,2% 7,4% 7,2% 6,5% 6,9% 3,4% 41,5 250 800 200 591 622 573 490
Slide 20: New Investments in Sales Offer
NEW INVESTMENTS IN SALES OFFER Contracting and offer % of apartments sales from the offer – as at 31.03.2021 Offer (number of premises offered for sales) 289 apartments in sales Contracting (premises sold by agreements) offer Lazur Park 64% 445 Renewing of the Q1’21 sales 2,9x Villa Neptun 45% 141 o
Slide 21: Unique Bank of Land, Pipeline of Investments 2020-2025+
UNIQUE BANK OF LAND, PIPELINE OF INVESTMENTS 2020-2025 + The owned bank of land for approx. 200 thousand of m2 of Attractive locations of planned and ongoing residential and usable floor area ensures implementation of the assumed, hotel investments in Pomerania sustainable investment plan for years
Slide 22: Pipeline of Investment Projects
PIPELINE OF INVESTMENT PROJECTS Commencement of construction Completion of constuction 2021 2022 2023 2024 STAGE Number of apartments Quantity of m2 % of apartments Construction sold (31.03.2021) commencementConstruction date completion date1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Osiedle Koc
Slide 23: 2021+ Perspectives
2021+ PERSPECTIVES Grano Resort, Sobieszewska Island Warsaw Business Hotel, Warszawa INTERESTING IVESTMENTS Warszawa PIPELINE UNIQUE BANK OF LAND 2021-2025+ ~4,6 thousand number of apartments on investments in preparation * ~200 thousand Amount of m2 of usable floor area on investments in preparatio
Slide 24: Dekpol Steel
dekpol.
Slide 25: Producer
PRODUCER 111 045 of buckets produced THE BIGGEST MANUFACTURER OF BUCKETS AND ACCESSORIES FOR 10 700 m² area of production halls CONSTRUCTION MACHINES IN POLAND 3 500 m² and of additional storage area A MAJOR MANUFACTURER AND SUPPLIER IN EUROPE 1 700 m² of covered warehouse 850 ton Steel processed mo
Slide 26: Sales Structure
SALES STRUCTURE Contractors around the world 90% of export sales FOREIGN EXPANSION • France • Germany • USA Creation of sales network, warranty repairs and warehouses Sales structure in 2020 OEM 24% Dealer 8% Aftermarket Export leader in 2020 68% 26
Slide 27: Financial Results of the Production Segment
FINANCIAL RESULTS OF THE PRODUCTION SEGMENT Revenues* Return of orders Operating result from Q3 (million of PLN) EBIT (million) margin (%) 25,2 23,9 24,0 14,0% 14,4% 12,5% 22,9 12,3% 11,9% 11,9% 10,5% 11,4 7,2% 19,4 20,0 19,9 19,1 18,6 4,2% 17,9 16,8 16,7 1,5% 5,8 3 3,4 2,8 2,4 2,2 2,1 1 0,3 1Q18 2Q
Slide 28: Returning to Growth
RETURNING TO GROWTH Order fulfillment trend (million of PLN) First orders from one of the largest Returning of orders in Q4 9 manufacturers of construction machinery in the world. 8 7 6 5 Acquisition of new clients: 4 • Steelwrist 3 2 1 • SMP sty.20 mar.20 maj.20 lip.20 wrz.20 lis.20 • in 2020 impac
Slide 29: 2021+ Perspectives
2021+ PERSPECTIVES Revenues (million of PLN) Planned sales '21 + 40% y/y; COVID production capacity up to PLN 150 effect million 2020 • development of production capacity and production efficiency 22 • expansion of machines park • welding and production automation 18 18 • recruitment 17 2021 12 • pl
Slide 30: Summary and 2021+ Perspectives
SUMMARY AND 2021+ PERSPECTIVES
Slide 31: Summary
SUMMARY RECORD RESULT In 2020 net profit PLN 52,8 million COMFORTABLE FINANCIAL POSITION Solid basis for further development of the Group CONTINUATION OF THE GROUP'S REORGANIZATION ACTIVITIES in operational and financial terms NEW STRATEGIC INITIATIVES very good perspectives for 2021+ 31
Slide 32: 2021+ Perspective
2021+ PERSPECTIVE Dekpol BUDOWNICTWO • strong demand from warehouse and industrial THE CAPITAL GROUP construction • ordering portfolio worth approx. PLN 1 billion, including PLN 409 million to be executed in 2021 mostly. keeping Dekpol DEWELOPER finalization of debt refinancing reorganization of
Slide 33: Thank you for your attention.
Thank you for your attention. INVESTOR RELATIONS : FINANCIAL COMMUNICATION : Agata.Dzieciolowska@ccgroup.pl Katarzyna.Sadowska@ccgroup.pl