Pkp Cargo Spolka Akcyjna · GPW:PKP
Pkp Cargo Spolka Akcyjna — PKP Cargo — Q3 2022 Earnings Presentation
27 slides from Pkp Cargo Spolka Akcyjna's earnings presentation, Nov 24, 2022
Slide 1: Financial and operating results of the PKP CARGO Group in Q3 and 9M 2022
Financial and operating results of the PKP CARGO Group in Q3 and 9M 2022 Warsaw, 24 November 2022
Slide 2: Results of the PKP CARGO Group in 9M 2022
Results of the PKP CARGO Group in 9M 2022 ✓ ✓ ✓ MARKET SHARE* EBITDA CAPITAL EXPENDITURES 39.9% 9M measured by freight turnover (-1.6 p.p. PLN 649 million PLN 520 million yoy) +65% yoy -15% yoy profitability of 17% Q3 38.9% PLN 277 million PLN 141 million measured by freight turnover (-2.0 p.p. yoy)
Slide 3: Agenda
Agenda ‖ Recap of quarterly results ‖ Key growth directions ‖ Commercial results ‖ Financial results
Slide 4: Key growth directions
Key growth directions ► Improved quality of customer service (CMS) Commercial ✓ area ► Search for new freight volumes ► Development of commercial offering and expansion of terminals ► Alignment of resources with market requirements ✓ Operational ► Optimization of the execution of freight transport p
Slide 5: Future of the PKP CARGO Group
Future of the PKP CARGO Group Development of the PKP CARGO Group Strategy Currently, we are at the stage of updating our existing strategy to be pursued until 2023. We are laying down our key priorities and strategic objectives in the wake of the coronavirus pandemic and the ongoing war in Ukraine,
Slide 6: PKP CARGO Group's human capital
PKP CARGO Group’s human capital Our intended activities in the human resources area will focus on: ► improving the effectiveness and efficiency of the Group’s operations by adjusting the headcount, with a particular focus on the locations where our operations are largely concentrated and the identif
Slide 7: Agenda
Agenda ‖ Recap of quarterly results ‖ Key growth directions ‖ Commercial results ‖ Financial results
Slide 8: Position of the PKP CARGO Group
Position of the PKP CARGO Group* PKP CARGO Group’s share of the Polish market PKP CARGO Group’s share of the Polish market data for 9M 2021 and 2022 by freight turnover data for 9M 2021 and 2022 by freight volume 41,5% -1,6 p.p. -0,8 p.p. 39,9% 38,2% 37,5% 9M 2021 9M 2022 9M 2021 9M 2022 PKP CARGO G
Slide 9: Shifts in key markets – 9M 2022
Shifts in key markets – PKP CARGO Group in 9M 2022 Intermodal transport Aggregates and construction Metals and ores freight turnover, billion tkm materials freight turnover, billion tkm freight turnover, billion tkm 4,24 3,42 3,76 2,96 -13.2% +12,7% +2.5% 1,68 1,72 9M 2021 9M 2022 9M 2021 9M 2022 9M
Slide 10: Shifts in key markets – Q3 2022
Shifts in key markets – PKP CARGO Group in Q3 2022 Intermodal transport Aggregates and construction Metals and ores freight turnover, billion tkm materials freight turnover, billion tkm freight turnover, billion tkm -21.0% +7,9% -23.4% 1,51 1,63 1,18 0,93 0,60 0,46 Q3 2021 Q3 2022 Q3 2021 Q3 2022 Q3
Slide 11: Coal transport services in the PKP CARGO Group
Coal transport services in the PKP CARGO Group Transport: hard coal – freight volume Transport: hard coal – freight turnover (million tons) (million tkm) 14 000 12 751 2 500 2 375 2 340 12 452 11 560 2 141 12 000 11 119 11 069 1 951 2 028 10 315 1 924 1 832 10 022 2 000 10 000 8 000 1 500 6 000 1 00
Slide 12: Aggregates and construction materials
Aggregates and construction materials – PKP CARGO Group Aggregates and construction materials Key events in 9M 2022 freight turnover, billion tkm 4,24 ► Increased customer demand for construction stone – replenishment of storage 3,76 facilities, +12.7% ► intensification of road works and modernizati
Slide 13: Intermodal
Intermodal – PKP CARGO Group Key events in 9M 2022 Intermodal freight turnover, billion tkm ► Continued transport of semi-trailers as part of operator connections to 3,42 Duisburg and from Lithuania to the Netherlands; -13.2% 2,96 ► decreased volumes of transport on the New Silk Road; ► lower volume
Slide 14: Metals and ores
Metals and ores – PKP CARGO Group Key events in 9M 2022 Metals and ores freight turnover, billion tkm ► Change in the directions of metal ore supplies to steel mills in Poland (imports through sea ports instead of imports from Ukraine); ► decrease in transport volumes of metals resulting from a lowe
Slide 15: Agenda
Agenda ‖ Recap of quarterly results ‖ Key growth directions ‖ Commercial results ‖ Financial results
Slide 16: Key financial results
Key financial results Revenues from contracts with customers Operating expenses PLN m PLN m +21.3% +12.8% 3 815 3 329 3 756 3 146 +23.9% +13.5% 1 100 1 363 1 132 1 285 9M 2021 9M 2022 Q3 2021 Q3 2022 9M 2021 9M 2022 Q3 2021 Q3 2022 EBITDA Net result PLN m PLN m +65.3% 649 +67.4% +148.8 +61.2 392 38
Slide 17: Electricity and traction fuel in the PKP CARGO Group
Electricity and traction fuel in the PKP CARGO Group Electricity and traction fuel costs in the PKP PKP CARGO Group’s unit expenses – CARGO Group by quarter (PLN million) Electricity and traction fuel (PLN / thousand 194,5 194,2 200 183,5 tkm) 30,0 28,0 28,3 28,4 144,8 146,8 150 138,4 120,2 25,0 21,
Slide 18: Headcount in the PKP CARGO Group
Headcount in the PKP CARGO Group NUMBER OF PERSONS EMPLOYED BY THE PKP CARGO GROUP PKP CARGO Group’s unit expenses – Employee benefits (PLN / thousands tkm) 72,0 70,2 70,0 68,0 65,4 66,0 64,4 63,4 63,5 64,0 62,5 62,5 62,0 60,0 58,0 3M 2021 6M 2021 9M 2021 2021 3M 2022 6M 2022 9M 2022 Headcount in th
Slide 19: Unit revenues and operating expenses
Unit revenues and operating expenses Payroll Electricity and traction fuel Access to infrastructure EBITDA per employee (PLN/thousand tkm) (PLN/thousand tkm) (PLN/thousand tkm) (PLN 000s/employee) 32,0 64,4 62,5 20,5 20,8 74.4% -3,1% +33.9% +1,3% 18,4 21,2 28,4 9M 2021 9M 2022 9M 2021 9M 2022 9M 202
Slide 20: Cash flow, debt and sources of financing
Cash flow, debt and sources of financing Available sources of financing as at 30 Sep 2022 Debt structure PLN m PLN m 127,4 30 Sep 31 Dec Gotówka 2022 2021 BGK S.A. Non-current 2,461.9 2,833.8 100,0 PKO BP Current 1,973.5 1,739.0 PeKaO S.A. Total debt 4,435.4 4,572.8 76,7 13,9 Cash flows PLN m 9 mont
Slide 21: Capital expenditures – PKP CARGO Group
Capital expenditures – PKP CARGO Group Structure of capital expenditures 9M 9M Change Change in 9M 2022 and 2021 (PLN million) 2022 2021 yoy % yoy Procurement, repairs and inspections of 379.1 329.7 49.4 +15.0% wagons Upgrades, repairs and 89.5 183.8 -94.3 -51.3% 17% inspections of locomotives 73% 2
Slide 22: Attachments
Attachments
Slide 23: Quarterly consolidated statement of profit or loss and other comprehensive income
QUARTERLY CONSOLIDATED STATEMENT OF 9 months ended 30 9 months ended 30 PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME September 2022 September 2021 Revenues from contracts with customers 3,814.6 3,145.9 Consumption of electricity and traction fuel (572.2) (403.4) Infrastructure access services (418.
Slide 24: Quarterly consolidated statement of financial position
QUARTERLY CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 Sep 2022 31 Dec 2021 ASSETS Rolling stock 4,179.3 4,241.6 Other property, plant and equipment 870.8 893.4 Right-of-use assets 973.5 1,030.7 Investments in entities accounted for under the equity method 37.2 36.7 Trade receivables 5.7 4.2 Leas
Slide 25: Quarterly consolidated statement of cash flows
9 months ended 9 months ended 30 QUARTERLY CONSOLIDATED STATEMENT OF CASH FLOWS 30 September 2022 September 2021 Cash flows from operating activities Profit / (loss) before tax 1.7 (180.6) Adjustments Depreciation, amortization and impairment allowances 550.2 530.7 (Profit) / loss on the sale and li
Slide 26: Freight results
Freight results Freight turnover (million tkm) Change Change 9M 2022 9M 2021 9M 2022/ 9M 2022 9M 2021 Q3 2022 Q3 2021 Q3 2022/ Item 9M 2021 Q3 2021 (m tkm) % percentage of total (%) (m tkm) % Solid fuels 7,943 7,016 927 13.2% 39% 37% 2,703 2,219 484 21.8% of which hard coal 6,744 5,707 1,037 18.2% 3
Slide 27: For additional information, please contact the Management Board Office and the Investor Relations Department
For additional information, please contact the Management Board Office and the Investor Relations Department: PKP CARGO S.A. ul. Grójecka 17 02-021 Warsaw e-mail: relacje.inwestorskie@pkp-cargo.eu Telephone: +48 22 391-47-09 27