Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — H1 2019 Earnings Presentation
36 slides from Polimex - Mostostal Sa's earnings presentation, August 2019
Slide 1: Polimex Mostostal Capital Group Financial Results for the First Half of 2019
Date (Arial 20pt, dark gray) POLIMEX MOSTOSTAL CAPITAL GROUP FINANCIAL RESULTS FOR THE FIRST HALF OF 2019
Slide 2: Polimex Mostostal Capital Group
Polimex Mostostal Capital Group The company carries out specialized investments in Poland and abroad for the energy, petrochemical, gas and environmental protection industries. It is a producer and an exporter of steel structures and platform gratings. It also provides services in the galvanizing an
Slide 3: Certificate of Incorporation – 10th September 1945
Certificate of Incorporation – 10th September 1945 AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 2
Slide 4: Segments of Polimex Mostostal Capital Group
Segments of Polimex Mostostal Capital Group Polimex Mostostal Capital Group consists of production and service companies operating in the following key sectors: POWER SECTOR OIL, GAS PRODUCTION INDUSTRIAL INFRASTRUCTURE SUPPORT AND SERVICE AND CHEMICALS CONSTRUCTION AUGUST 2019 WWW.POLIMEX-MOSTOSTAL
Slide 5: Fields of Activity: Power Sector and Service
Fields of Activity: Power Sector and Service Our excellent industry expertise and knowledge of energy facilities, combined with our experienced and highly-qualified workforce allow us to comprehensively implement organizationally and technically challenging, highly complex turn-key projects in the p
Slide 6: Strategic Projects of Polimex Mostostal Capital Group
Strategic Projects of Polimex Mostostal Capital Group Project Opole for CG PGE Project Żerań for CG PGNiG Project Puławy for Grupy AZOTY Zakłady Azotowe Puławy S.A. AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 5
Slide 7: Strategic Projects: Opole Power Plant Unit 5 and 6
Strategic Projects: Opole Power Plant Unit, 5 and 6 AUGUST 2019 2019 WWW.POLIMEX-MOSTOSTAL.PL 6
Slide 8: Strategic Projects - Steam and Gas Unit in EC Żerań
Strategic Projects - Steam and Gas Unit in EC Żerań AUGUST 2019 2019 WWW.POLIMEX-MOSTOSTAL.PL 7
Slide 9: Fields of Activity: Oil, Gas and Chemicals
Fields of Activity: Oil, Gas and Chemicals We operate in a wide variety of industries, ranging from refinery, petrochemical, chemical, energy and coke oven. We specialize in the construction and modernization of production facilities and installations for the following: ▪ chemical plants OIL, GAS ▪
Slide 10: Key Entities of Group: Naftoremont-Naftobudowa Sp. z o.o.
Key Entities of Polimex Mostostal Capital Group Naftoremont-Naftobudowa Sp. z o.o. Construction of CDU/VDU installations Neste BTT Botlek Tank Terminal Biodiesel Installation Lotos Group Refinery in Gdańsk for Porvoo, Finland AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 9
Slide 11: Fields of Activity: Industrial and General Construction
Fields of Activity: Industrial and General Construction Polimex Budownictwo offers comprehensive services in the industrial and general construction sector in the capacity of a General Contractor (GW). The company's offer is based on two main pillars: Industrial construction ▪ production plants ▪ wa
Slide 12: Key Entities of Polimex Mostostal Capital Group
Key Entities of Polimex Mostostal Capital Group Marshall Józef Piłsudski's Municipal Bridgestone factory in Stargard European Solidarity Centre in Gdańsk Stadium of Legia Warsaw Konstrukcje kratownicowe, Obiekty użyteczności publicznej ramy, słupy POLIN Museum of the History of Polish Jews in Warsaw
Slide 13: Fields of Activity: Production
Fields of Activity: Production Mostostal Siedlce is one of the leading European manufacturers of steel structures. Mostostal Siedlce specializes in the production of steel structures and platform gratings, it also provides services in the corrosion protection of steel structures, particularly using
Slide 14: Mostostal Siedlce Sp. z o.o. Sp. k.
Key Entities of Polimex Mostostal Capital Group Mostostal Siedlce Sp. z o.o. Sp. k. Power plants, Truss structures, frames, poles Public facilities petrochemical industry AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Fields of Activity: Infrastructure
Fields of Activity: Infrastructure Among the major assets of Polimex Infrastruktura are our subject matter experts with their unparalleled knowledge and solid experience in the infrastructure industry. We offer services in the comprehensive implementation of organizationally and technically challeng
Slide 16: Polimex Infrastruktura Sp. z o.o.
Key Entities of Polimex Mostostal Capital Group Polimex Infrastruktura Sp. z o.o. INFRASTRUKTURA INFRASTRUKTURA Polimex Infrastruktura Sp. z o.o. A4 highway section Wielicka-Szarów A1 highway section Sośnica-Maciejów A2 highway section Stryków-Konotopa AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 15
Slide 17: Safety Leader 2019
Safety Leader 2019 AUGUST 2019 2019 WWW.POLIMEX-MOSTOSTAL.PL 16
Slide 18: Polimex Mostostal - Safety Leader in 2019
Polimex Mostostal - Safety Leader in 2019 All subcontractors’ employees working on Polimex Mostostal construction sites undergo mandatory training in internal OHS procedures and are obliged to comply with them. During performance of each contract, the subcontractors are often subjected to inspection
Slide 19: Polimex Mostostal - Safety Leader in 2019
Polimex Mostostal - Safety Leader in 2019 This year the jury of „Infrastructure and Construction Diamonds” has granted an award to Polimex Mostostal S.A. in the „Safety Leader” category. The title of the Safety Leader is a token of recognition for Polimex Mostostal Capital Group as a solid employer
Slide 20: Domestic Market – Our Clients & Partners
Domestic Market – Our Clients & Partners Clients Partners AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 19
Slide 21: International Markets – Our Clients
International Markets – Our Clients AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 20
Slide 22: International Markets – Our Partners
International Markets – Our Partners AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 21
Slide 23: Selected Financial Data for IH 2019
SELECTED FINANCIAL DATA FOR IH 2019 AUGUST 2019 2019 WWW.POLIMEX-MOSTOSTAL.PL 22
Slide 24: Selected Financial Data for IH 2019 in MLN PLN (Group)
Selected Financial Data for IH 2019 in MLN PLN Polimex Mostostal Capital Group in mln PLN IH 2018 IH 2019 OPERATING INCOME 810 750 OPERATING PROFIT -9 -4 EBITDA 5 13 NET INCOME -21 -12 NOTES ▪ The operating income of Polimex Mostostal Capital Group (the “Capital Group”) for the first half of 2019 am
Slide 25: Selected Financial Data for IH 2019 in MLN PLN (Polimex Mostostal S.A.)
Selected Financial Data for IH 2019 in MLN PLN Polimex Mostostal S.A. in mln PLN IH 2018 IH 2019 OPERATING INCOME 230 245 OPERATING PROFIT -20 18 EBITDA -18 22 NET INCOME 0 28 NOTES ▪ The operating income of Polimex Mostostal S.A. (the “Company”) for the first half of 2019 is PLN 245 million, which
Slide 26: Segments of the Capital Group in IH of 2019 (in MLN PLN)
Segments of the Capital Group in IH of 2019 (in MLN PLN) Oil, Gas, Industrial Infrastructure Other in mln PLN Power* Production Chemicals Construction Construction Activities Exclusions Total SALES TO EXTERNAL CUSTOMERS EXCLUDING SALES REVENUE BETWEEN THE SECTORS 301 307 121 17 0 4 750 TOTAL INCOME
Slide 27: Group Revenues IH of 2019 (in million PLN)
Polimex Mostostal Capital Group Revenues IH of 2019 (in million PLN) 3% 1% 2% 1% 0% 0% POWER SECTOR 15% 16% PRODUCTION 38% 40% OIL, GAS, CHEMICALS IH 2018 IH 2019 INDUSTRY INDUSTIAL CONSTRUCTION INFASTRUCTURE 43% 41% OTHER ACTIVITIES 351 305 301 307 IH 2018 IH 2019 123 121 28 17 0 0 3 4 Energetyka P
Slide 28: Group Order Book (in billion PLN)
Polimex Mostostal Capital Group Order Book (in billion PLN) 2,5 ** 2,3 ** 1,5 1,2 0,5 Wrzesień 2018 September 2018 December Grudzień 2018 2018 Marzec 2019 Czerwiec March 2019 2019 June 2019 Order book as of the end of June 2019 (in mln PLN) Power Sector*/ ** Oil, Gas and Chemicals Production Others
Slide 29: New Projects from 01.01.2019
New Projects from 01.01.2019 ▪ Construction of a coal-fired power unit with the capacity of 100 MW in Zakłady Azotowe Puławy (contract value: PLN 1.116,0 mln), Client: Grupa Azoty Puławy** (Poland) ▪ Construction of 5 tanks at the fuel depot in Gdańsk (contract value: PLN 220,9 mln), Client: PERN (P
Slide 30: Estimated Value of Currently Quoted Projects in the Group
Estimated Value of Currently Quoted Projects in the Group 7000 6685 6000 5000 3925 4000 3000 2000 1083 1055 1000 772 413 420 420 317 317 0 Estimated value Company's Estimated value Company's Estimated value Company's Estimated value Company's Estimated value Company's [in mln PLN] share [in mln PLN]
Slide 31: Detailed Financial Data for IH 2019 in MLN PLN (Group)
Detailed Financial Data for IH 2019 in MLN PLN Polimex Mostostal Capital Group In mln PLN IH 2018 IH 2019 OPERATING REVENUE 810,4 750,3 OWN SALES COSTS -780,9 -716,1 GROSS SALES PROFITS 29,5 34,2 SALES COSTS -13,3 -10,4 GENERAL MANAGEMENT COSTS -32,2 -33,8 PROFITS 2,4 0,7 OTHER OPERATING REVENUES 9,
Slide 32: Detailed Financial Data for IH 2019 in MLN PLN (Polimex Mostostal S.A.)
Detailed Financial Data for IH 2019 in MLN PLN Polimex Mostostal S.A. in mln PLN IH 2018 IH 2019 OPERATING REVENUE 229,7 244,6 OWN SALES COSTS -239,7 -216,1 GROSS SALES PROFITS -10,0 28,5 SALES COSTS 0,0 0,0 GENERAL MANAGEMENT COSTS -15,7 -16,8 PROFITS 3,0 3,3 OTHER OPERATING REVENUES 4,1 4,8 OTHER
Slide 33: Summary – The Goals of the Capital Group for 2019
SUMMARY – THE GOALS OF THE CAPITAL GROUP FOR 2019 AUGUST 2019 2019 WWW.POLIMEX-MOSTOSTAL.PL 32
Slide 34: The Goals of the Capital Group for 2019
The Goals of the Capital Group for 2019 ▪ Implementation of the initiatives from the Development Plan of Polimex Mostostal Capital Group. ▪ Further expansion abroad – establishing special purpose vehicles (Germany, Benelux), acquiring new Clients on the European markets. ▪ Timely completion of the O
Slide 35: Polimex Mostostal Capital Group – Legal Disclaimer
Polimex Mostostal Capital Group – Legal Disclaimer This material is not part of, nor should be considered an offer or an incentive to purchase the securities of Polimex Mostostal S.A. (the "Company"). The material should not constitute, in whole or in part, any grounds for, nor should it be referred
Slide 36: Contact
CONTACT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa Tel. +48 22 829 71 00 www.polimex-mostostal.pl AUGUST 2019 WWW.POLIMEX-MOSTOSTAL.PL 35