Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q3 2016 Earnings Presentation
12 slides from Grupa Kety Sa's earnings presentation, 2016
Slide 1: Financial Results for 3rd Quarter 2016
FINANCIAL RESULTS FOR 3rd QUARTER 2016 DARIUSZ MAŃKO PRESIDENT & CEO ADAM PIELA BOARD MEMBER & CFO 1
Slide 2: Good economic situation is continued
GOOD ECONOMIC SITUATION IS CONTINUED • High sales growth - a solid 10% increase in Poland and 27% on foreign markets. • The increase in consolidated profit both at the operational level (+ 13%) and net profit (+ 32%). • PLN 230 million of cash from operating activities after 9 months. 2
Slide 3: Macro factors in the 3rd quarter 2016
MACRO FACTORS IN THE 3rd QUARTER 2016 Aluminium price 3M in USD and PLN 7 000 PLN 1 800 USD • In the third quarter, the average price of aluminum in USD at a level similar to last year, 1 700 USD 6 500 PLN while PLN higher by 4%. 1 600 USD • Significant fluctuations of USD / PLN in the range 6 000 P
Slide 4: Extruded Products Segment – record volume growth
EXTRUDED PRODUCTS SEGMENT– record volume growth Extruded Products Segment Q3_2016 Q3_2015 change 3Q_2016 3Q_2015 change Increase by 20% yoy Total sales 273,6 228,5 20% 701,0 645,3 9% 300 273,6 Domestic 153,9 143,1 7% 404,3 405,4 0% 228,5 229,8 Export 119,8 85,3 40% 296,7 239,9 24% 175,5 197,5 200 •
Slide 5: Aluminium Systems Segment – solid domestic market, good results in foreign markets
ALUMINIUM SYSTEMS SEGMENT – "solid" domestic market, good results in foreign markets Q3_2016 Q3_2015 change 3Q_2016 3Q_2015 change Total sales 293,0 263,4 11% 802,0 692,5 16% Domestic 172,5 160,8 7% 463,6 427,2 9% Export 120,4 102,6 17% 338,3 265,3 28% • The situation on the market is still very goo
Slide 6: Flexible Packaging Segment – another successful quarter in exports
FLEXIBLE PACKAGING SEGMENT – another successful quarter in exports Flexible Packaging Segment Q3_2016 Q3_2015 change 3Q_2016 3Q_2015 change Total sales 130,7 109,2 20% 369,8 320,3 15% Increase by o 20% yoy 150 130,7 Domestic 75,7 65,7 15% 211,5 186,4 13% 122,1 117,0 Export 55,0 43,5 26% 158,3 133,9
Slide 7: 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 20% production and logistics A press line for „hard alloys” 2% The development of production capacity in Advanced Aluminum Products sub division
Slide 8: An outstanding quarter
AN OUTSTANDING QUARTER PLN million Q3 2016 Q3 2015 chg 3Q 2016 3Q 2015 chg Revenues 633,9 541,1 +17% 1 717,1 1 502,0 +14% Operating profit 90,7 80,5 +13% 232,1 194,7 +19% margin 14,1% 14,8% 13,4% 12,9% EBITDA 117,8 104,4 +13% 310,4 262,0 +18% margin 18,3% 19,2% 17,9% 17,3% Result on financial activi
Slide 9: Cash-flow from operating activities also at a very good level
CASH-FLOW FROM OPERATING ACTIVITIES ALSO AT A VERY GOOD LEVEL Working capital (PLN million) (PLN million) 3Q_2015 4Q_2015 1Q_2016 2Q_2016 3Q_2016 700 622 Working Capital 580 536 546 558 622 580 536 546 558 Inventories 333 323 327 351 365 600 500 Receivables 431 381 406 429 474 400 Liabilities 183 16
Slide 10: Stable financial position
STABLE FINANCIAL POSITION Bank debt (PLN milion) • The increase in debt compared to last year, resulting from the 500 need to finance the investment program. 312,0 • Net debt at the level of PLN 326.5 million. 400 242,6 • Safe ratios net debt / equity (0.24) and the net debt / EBITDA (0.9) 300 254,3
Slide 11: Summary
SUMMARY The continuing high demand for the Group's products. Stable margins and cash flow. Good prospects for the next quarter. 11
Slide 12: 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