Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — Q1 2023 Earnings Presentation
36 slides from Polimex - Mostostal Sa's earnings presentation, June 2023
Slide 1: Polimex Mostostal Capital Group Q1 FY23 Financial Results
POLIMEX MOSTOSTAL CAPITAL GROUP Q1 FY23 FINANCIAL RESULTS
Slide 2: We Build the Future
WE BUILD THE FUTURE APRIL 2023 JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 1
Slide 3: 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 4: Polimex Mostostal Capital Group History
Polimex Mostostal Capital Group History Polimex Mostostal Capital Group has 78 years of tradition and market activity. PxM is a Company listed on the Warsaw Stock Exchange since 1997. After 1945, we rebuilt the Polish economy. Our Company has contributed to the implementation of the most important i
Slide 5: Business segments of Polimex Mostostal Capital Group
Business segment's of Polimex Mostostal Capital Group Polimex Mostostal Capital Group consists companies operating in the following key sectors: POWER SECTOR OIL, GAS INDUSTRIAL MANUFACTURING INFRASTRUCTURE EQUIPMENT AND SERVICES AND CHEMICAL CONSTRUCTION BASE JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 4
Slide 6: Polimex Mostostal Capital Group locations
Lokalizacje Polimex Mostostal SpółekCapital Grupy Group Kapitałowej locations MOSTOSTAL SIEDLCE SP. Z O.O. SP. K. POLIMEX MOSTOSTAL B.V. ul. Terespolska 12 Zuid Hollandlaan 7, The Hague 2596 AL 08-110 Siedlce Netherlands Haga Płock ZAKŁAD W RUDNIKU Sokołów Podlaski ul. Stalowa 5 37-420 Rudnik Siedlc
Slide 7: Polimex Mostostal Capital Group – employees
Polimex Mostostal Capital Group – employees Polimex Mostostal Capital Group 5,000 highly qualified staff white-collar workers blue-collar workers directors almost 36% almost 64% over than 25% women: almost 14% JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 6
Slide 8: Employment in companies of the Polimex Mostostal Capital Group
Employment in companies of the Polimex Mostostal Capital Group Employment Structure 36% 64% Worker positions Non-worker positions 31.12.2021 31.12.2022 Work experience in the companies of the Polimex Mostostal Capital Group 27% 24.5% 17.5% 7.1% 7.5% more than 30 years JUNE 2023 WWW.POLIMEX-MOSTOSTAL
Slide 9: Selected ongoing deliveries
Selected ongoing deliveries JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Puławy (coal power)
Strategic Projects: Puławy (coal power) Puławy New coal power unit with the capacity of 100 MWel and 300 MWth ▪ Total value of the contract: PLN 1,162 million net Contractor: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 9
Slide 11: Dolna Odra (gas power)
Strategic Projects: Dolna Odra (gas power) Dolna Odra Two new CCGT power units at Dolna Odra Power Station ▪ Total value of the contract: PLN 3,650 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 10
Slide 12: Siechnice (gas power)
Strategic Projects: Czechnica (gas power) Siechnice New CCGT CHP plant for ZEW KOGENERACJA S.A. ▪ Total value of the contract: PLN 1,159 million net ▪ LTSA value: PLN 118 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 11
Slide 13: Bydgoszcz (gas power)
Strategic projects: Bydgoszcz (gas power) Bydgoszcz New gas-fired cogeneration source with a capacity of min. 50 MWel based on gas engines and a reserve-peak heat source for PGE Energia Ciepła S.A. Oddz. Elektrociepłownia Bydgoszcz ▪ Total value of the contract: PLN 359.3 million net ▪ LTSA value: P
Slide 14: Rzeszów (gas energy)
Strategic Projects: Rzeszów (gas energy) Rzeszów Construction of a gas-fired boiler plant with a capacity 186 MWth for PGE Energia Ciepła S.A. Oddz. Ec Rzeszów ▪ Total value of the contract: PLN 78.4 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Olsztyn (infrastructure)
Strategic Project: Olsztyn (infrastructure) Olsztyn Extension of tram network in Olsztyn ▪ Total value of the contract: PLN 394 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 14
Slide 16: Zakroczym (general construction)
Strategic projects: Zakroczym (general construction) Zakroczym Construction of a warehouse building PANATTONI BTS Zakroczym ▪ Total value of the contract : EUR 29.9 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 15
Slide 17: Lesznowola (general construction)
Strategic Projects: Lesznowola (general construction) Lesznowola Central Museum Collections Warehouse with associated park and required infrastructure ▪ Total value of the contract: PLN 117.3 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 16
Slide 18: Gliwice (general construction)
Strategic Projects: Gliwice (general construction) Gliwice Tenneco Gliwice Research and Development Center for PANATTONI ▪ Total value of the contract: EUR 9.6 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 17
Slide 19: Krotoszyn (photovoltaics)
Completed Projects: Krotoszyn (photovoltaics) Krotoszyn PV Krotoszyn plant with a capacity of 5 MWp for PGE Energia Odnawialna S.A. ▪ Total value of the contract: PLN 13.3 million et Contractor: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 18
Slide 20: Securing the state border with Belarus (production)
Completed projects: Securing the state border with Belarus (production) Zapora Construction of prefabricated and corrosion-protected steel spans for State Treasury 41 163 tonnes of steel ▪ Total value of the contract: PLN 474,6 million net Contractors: JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 19
Slide 21: Rejowiec (oil, gas, and chemical)
Projects in progress: Rejowiec (oil, gas,and chemical) Rejowiec Construction of three storage tanks with a capacity of 32,000 m3 for class lll petroleum products along with infrastructure at Fuel Depot No. 4 in Rejowiec ▪ Total value of the contract: PLN 113.6 million net Contractors: JUNE 2023 WWW.
Slide 22: Order book and value of currently offered projects
ORDER BOOK AND VALUE OF CURRENTLY OFFERED PROJECTS JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 21
Slide 23: Polimex Mostostal Capital Group Order Book (in billion PLN)
Polimex Mostostal Capital Group Order Book (in billion PLN) 4 4,8 4,4 4,0 5,2 ,4,7 7 2022 2022 2022 2022 2023 MARCH JUNE SEPTEMBER DECEMBER MARCH Order portfolio after QI 2023 r. in million PLN POWER SECTOR OIL, GAS, PRODUCTION OTHERS CHEMICALS 3 160 330 440 770 JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 22
Slide 24: New projects as from 01.01.2023 (net values)
New projects as from 01.01.2023 (net values) ▪ Construction of an 882 MW gas and steam unit in Rybnik and subsequent long-term maintenance (value: 3.05 billion PLN + 0.76 billion PLN net), Customer: Rybnik 2050 sp. z o.o . of the PGE SA Group (Poland) ▪ "Reconstruction of a section of DW 218 - ul. K
Slide 25: Value of Currently Offered Projects in the Companies (gross)
Value of Currently Offered Projects in the Companies (gross) 19 713 20 000 18 000 16 000 14 000 12 000 10 350 10 000 8 000 5 650 6 000 4 650 3763 4 000 2848 1 852 1 380 2 000 701 614 0 Szacowana Udział na Company’s Szacowana Company’s Udział na Szacowana Company’s Udział na Szacowana Udział na Szaco
Slide 26: Selected financial data for first quarter 2023
SELECTED FINANCIAL DATA FOR FIRST QUARTER 2023 JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 25
Slide 27: Selected financial data for QI 2023 (in million PLN)
Selected financial data for QI 2023(in million PLN) Polimex Mostostal Capital Group 900 35 45 25 23 860 40 850 825 -4% 30 29 +32% 40 +25% +21% 20 19 800 35 32 25 22 30 750 15 20 25 700 15 20 650 10 15 10 600 10 5 550 5 5 500 0 0 0 OPERATING PRZYCHODY INCOME OPERACYJNE ZYSK NA DZIAŁALNOŚCI OPERATING
Slide 28: Segments of the Capital Group in QI2023
Segments of the Capital Group in QI2023 (in m PLN) Revenue by the sector EBITDA PxM CG Revenue PxM CG PxM CG Segments Poland/Abroad IQ 2023 vs IQ 2022 IQ 2023 vs IQ 2022 IQ 2023 vs IQ 2022 COMMENT 50 ▪ The largest sales revenues were 1 000 1 000 0 30 generated in the Manufacturing 900 1 7 1 900 34 4
Slide 29: Financial flows and indebtedness of Capital Group QI 2023
Financial flows and indebtedness of Capital Group QI 2023 (in million PLN) Net debt* in relations to EBITDA LTM Net cash flow** 0 0% IH 2022 3Q 2022 2022 1Q 2023 100 67 -100 -50% -200 -100% 0 -121% IH 2022 3Q 2022 2022 1Q 2023 -300 -259 -150% -100 -400 -200% -200 -158 -232% -181 -500 -241% -250% -48
Slide 30: Domestic Market – Our Clients and Partners
Domestic Market – Our Clients and Partners Clients Partners JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 29
Slide 31: International projects – Our Clients
International projects – Our Clients JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 30
Slide 32: International projects – Our Partners
International projects – Our Partners JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 31
Slide 33: Naftoremont-Naftobudowa recognized by TotalEnergies
Naftoremont-Naftobudowa sp. z o.o., a Polimex Mostostal Group company, was doubly recognized by TotalEnergies and ranked: 1st place in "Categorie TA big B/C > 20.000 uren" — Turn Around (plant overhaul as part of planned downtime) and 2nd place in "Categorie medium B/C — 25,000-50,000 uren" — Tank M
Slide 34: Technical Safety Leader
TECHNICAL SAFETY LEADER JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 33
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 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 to
Slide 36: Contact
CONTACT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa T.: +48 22 829 71 00 www.polimex-mostostal.pl JUNE 2023 WWW.POLIMEX-MOSTOSTAL.PL 35