Stalexport Autostrady S.a. · GPW:STX

Stalexport Autostrady — FY2011 Earnings Presentation

14 slides from Stalexport Autostrady's earnings presentation, Mar 12, 2012

  1. Slide 1: 2011 financial results and perspectives of Stalexport Autostrady Group

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 1 2011 financial results and perspectives of Stalexport Autostrady Group Katowice, March 12, 2012

  2. Slide 2: Key facts 2011 – onwards

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 2 KEY FACTS 2011 – ONWARDS External implementation of national e-tolling and change in method of toll collection regarding part of heavy good vehicles (vehicles of maximum permissible weight above 12.0 tones) Internal decr

  3. Slide 3: 2009-2011 performance highlights

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 3 2009-2011 PERFORMANCE HIGHLIGHTS 2009 2010 2011 Operating performance Traffic AADT 28.603 30.020 30.630 Toll revenues MPLN 128.382 155.197 169.475 MEURO 29.577 38.757 40.935 Financial Performance Revenues MPLN 138.842 16

  4. Slide 4: Change of traffic (ADT) and toll revenues

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 4 CHANGE OF TRAFFIC (ADT) AND TOLL REVENUES Periods 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Traffic 26.159 29.520 35.016 29.294 28.161 32.071 33.795 28.455 [ADT] Change of ADT in 2010: 5% Change of ADT in 2011: 2% 10% 9% 7

  5. Slide 5: Change of traffic and toll revenues: heavy good vehicles

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 5 CHANGE OF TRAFFIC (ADT) AND TOLL REVENUES HEAVY GOOD 2011 vers us 2010 2010 vers us 2009 VEHICLES Year on year Quarter on quarter Traffic (ADT) Revenues ('000PLN) 1Q 2Q 3Q* 4Q* 1Q 2Q 3Q * 4Q* 21% 23% 2011 versus 2010 20%

  6. Slide 6: Change of traffic and toll revenues: light good vehicles

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 6 CHANGE OF TRAFFIC (ADT) AND TOLL REVENUES LIGHT GOOD 2011 vers us 2010 2010 vers us 2009 VEHICLES Year on year Quarter on quarter Traffic (ADT) Revenues ('000PLN) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 34% 2011 versus 2010 22% ADT: +6%

  7. Slide 7: Change of consolidated EBITDA: 2011 vs. 2010

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 7 CHANGE OF CONSOLIDATED EBITDA: 2011 VER. 2010 MPLN increase of consolidated EBITDA by MPLN 5.8 (+5%) ( 6.9 ) ( 0.2 ) 0.9 1.2 13.1 131.1 ( 2.2 ) 124.2 118.4 116.2 EBITDA One-off EBITDA (adjust.) Tariff Traffic Other OPEX

  8. Slide 8: Group's net debt and change of net debt

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 8 GROUP’S NET DEBT AND CHANGE OF NET DEBT MPLN decrease by MPLN 33.2 Factors determining the change of Group’s Net Debt +100 A4 Project Concession Liabilities to Long-Term Cash & cash +80 loan payment State Treasury deposi

  9. Slide 9: CAPEX – works executed in 2011

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 9 CAPEX – WORKS EXECUTED IN 2011 Total CAPEX amounted to MPLN 70. The main executed works included: repair of 22 motorway bridges (continuation of works) – approx. MPLN 37  8 bridges were repaired in 2010  repair of next

  10. Slide 10: CAPEX – works budgeted for 2012

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 10 CAPEX – WORKS BUDGETED FOR 2012 CAPEX budgeted for 2012 amounts to app. MPLN 110 mln. Main works will include: repair of 22 motorway bridges (continuation of works) 8 bridges scheduled to be repaired in 2012 replacement

  11. Slide 11: Potential development directions

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 11 POTENTIAL DEVELOPMENT DIRECTIONS  building of motorways based on Public-Private Partnership formula:  section Rząsawa-Pyrzowice (length of app. 57km) – expected start of the project in 2012  section Warszawa-Kukuryki

  12. Slide 12: Final remarks

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 12 FINAL REMARKS  implementation of real tolling – increase of Group’s revenues (despite of decrease in heavy good vehicles traffic)  constant increase in traffic of light good vehicles  execution of intensive capital e

  13. Slide 13: Disclaimer

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 13 DISCLAIMER  This presentation has been prepared by and is the sole responsibility of Stalexport Autostrady S.A. (the “Company”) for the sole purpose described herein. In no case may it or any other statement (oral or o

  14. Slide 14: Contact

    2011 FINANCIAL RESULTS AND PERSPECTIVES OF STALEXPORT AUTOSTRADY GROUP page ǀ 14 In case of any questions please contact: Emil Wąsacz Mariusz Serwa Chief Executive Officer Chief Financial Officer e-mail: zarzad@stalexport-autostrady.pl e-mail: mserwa@autostrada-a4.com.pl Marek Długajczyk Stalexport

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