Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q1 2017 Earnings Presentation
12 slides from Grupa Kety Sa's earnings presentation, 2017
Slide 1: Financial Results for 1st Quarter 2017
FINANCIAL RESULTS FOR 1st QUARTER 2017 DARIUSZ MAŃKO CHAIRMAN OF THE BOARD & CEO ADAM PIELA BOARD MEMBER & CFO 1
Slide 2: Good Economic Situation Is Continued
GOOD ECONOMIC SITUATION IS CONTINUED • High sales growth, both in Poland (15%) as well as on foreign markets (17%). • The increase in consolidated operating profit (+6%) in spite of high base of previous year. • Recommendation for a record dividend - in line with the company's dividend policy update
Slide 3: Macro Factors in the 1st Quarter 2017
MACRO FACTORS IN THE 1st QUARTER 2017 Aluminium price (3M) in USD and PLN 2 000 USD 8 000 zł • Increase in average aluminum price by 22% in 7 500 zł USD and 25% in PLN - the biggest impact on 1 750 USD income and working capital of the Extruded 7 000 zł Products Segment 6 500 zł 1 500 USD 6 000 zł •
Slide 4: Extruded Products Segment – record volume growth
EXTRUDED PRODUCTS SEGMENT– record volume growth Extruded Products Segment Q1_2017 Q1_2016 chg Increase by 38% yoy Total Sales 272,7 197,5 38% 300 273,6 272,7 Domestic 145,9 116,9 25% 229,8 231,3 Export 126,8 80,7 57% 197,5 200 • Good prosperity both in the domestic market and in export. 100 • Mainta
Slide 5: Aluminium Systems Segment – solid growth in Poland
ALUMINIUM SYSTEMS SEGMENT – „solid” growth” in Poland, good results on European foreign markets Q1_2017 Q1_2016 chg Total Sales 235,1 240,3 -2% Domestic 143,2 132,5 8% Export 91,9 107,8 -15% • The market situation is still very good. Sales of joinery systems on domestic market grew over 15%, in the
Slide 6: Flexible Packaging Segment – successful start of BOPP production
FLEXIBLE PACKAGING SEGMENT –successful start of BOPP production Flexible Packaging Segment Q1_2017 Q1_2016 chg Increase by 21% yoy 147,5 Total Sales 147,5 122,1 21% 150 Domestic 86,6 72,2 20% 122,1 130,7 128,8 117,0 Export 60,9 49,9 22% 100 50 • Very good quarter both in Poland and on export markets
Slide 7: Implementation of Major Investment Projects
IMPLEMENTATION OF MAJOR INVESTMENT PROJECTS Spendings planned Progess after current EXTRUDED PRODUCTS SEGMENT Comments (PLN million) quartere Development of production capacity in contracting phase and collecting 29,1 5% the area of hard-alloys of administrative permits Development of production cap
Slide 8: Good Quarter Despite a High Base
GOOD QUARTER DESPITE A HIGH BASE PLN million Q1 2017 Q1 2016 chg 1Q 2017 1Q 2016 Zmiana Revenues 601,5 519,0 +16% 1 717,1 1 502,0 +14% Operating profit 69,8 66,0 +6% 232,1 194,7 +19% margin 11,6% 12,7% 13,4% 12,9% EBITDA 99,5 91,4 +9% 310,4 262,0 +18% margin 16,5% 17,6% 17,9% 17,3% Result on financi
Slide 9: Operating Cash-Flow Under Pressure of Working Capital Growth
OPERATING CASH-FLOW UNDER PRESSURE OF WORKING CAPITAL GROWTH Working capital (PLN million) (PLN million) 1Q_2016 2Q_2016 3Q_2016 4Q_2016 1Q_2017 700 676 Working Capital 546 558 622 608 676 558 622 608 600 546 Inventories 327 351 365 394 419 500 Receivables 406 429 474 415 480 400 Liabilities 187 222
Slide 10: Stable Financing
STABLE FINANCING Bank debt (PLN milion) • The increase in debt compared to last year, resulting from the 500 need to finance the investment program. 333,9 340,3 400 312,0 242,6 • Net debt at the level of PLN 415 million. 300 209,3 200 133,1 138,0 138,5 151,7 • Safe ratios net debt / equity (0.28) an
Slide 11: Summary
SUMMARY The continuing high demand for the Group's products. Very good financial results. Good prospects for the next quarter. Management recommendation for a record dividend payment 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