Poznanska Korporacja Budowlana Pekabex Sa · GPW:PBX
Poznanska Korporacja Budowlana Pekabex Sa — Pekabex — H1 2021 Earnings Presentation
44 slides from Poznanska Korporacja Budowlana Pekabex Sa's earnings presentation, September 2021
Slide 1: Investor presentation 1H 2021
Investor presentation Poznan, S eptember 2021 1H 2021 The art of prefabrication www.pekabex.pl
Slide 2: Mission and vision
= Pekabex SAFE DEVELOPMENT MISSION We believe that prefabrication is the technology of the future in construction VISION We want to be top 5 in Europe to create new trends and build ecological, effective and beautiful buildings
Slide 3: Key numbers in 1H21
Key numbers in 1H21 Solid fundamentals create basis for dynamic development PLN 1 040 m PLN 640 m 125,625 m3 PLN 22 m Value of backlog as Revenues prefabricated Net profit of 30.06.2021* elements produced** *Concerns prefabrication contracts, construction services, development project on their own a
Slide 4: Key factors determining result in 2Q 2021
Key factors determaints result in 2Q 2021 = Pekabex Negative impact on results Positive future prefabrication advantages U) Sharp increase in prices of raw materials and construction materials Strong market demand for the prefabrication products for other product groups (steel, plywood, wood) (prefa
Slide 5: Steel price change
Steel price change = Pekabex ~PuDs PRLEtOM ROKU 220] 2044 Pret zebrowany fi 12mm, BST 500 Indeks cen stali PUDS (Cena min: 4201 PLN Tytiziet: 28 Rok: 2024 (Cena max: 4331 PLN 4445 4200 Va 2020-02 2020-10 2020-20 2020-30 2020-40 2020-50 2021-07 2024-17 | 2021-28 CLERIOIE( ndaks Cen Stall PUDS nie jes
Slide 6: Cold rolled steel price change
Cold rolled steel price change yPuDs Blacha zimnowalcowana DC01 Cena min: 9283 PLN Cona max 9672 PLN 10066 2610 aa 2020-02 2020-09 2020-19 2020-29 2020-39 _Wypenerowano ze strony Potskiej Uni Dystnyoutoréw Sta war pus. pt Indoks Cen Stall PUDS ri jest jednoznaczmym wyznacznikiem cen ynkowych a jedyn
Slide 7: Prefabrication production
Prefabrication production Volume of production in 2003-1H 2021* (000 m3) production record 250 204 › Increased production in prefabrication segment results mainly from 200 the volume of realized contracts in the first half of 2021 production 182 175 amounted to 125.625 m3 while in the prior period o
Slide 8: Record backlog
Record backlog trong, well-diversified backlog Backlog (thous. PLN) contracts to be realized › Pekabex Group systematically builds strong and well-diversified backlog, in following year 41 206 which will fill the production in following years. It contains aggregated value (4%) of signed contracts, w
Slide 9: Steady and continuous growth
Strong Balance Sheet & Financial Stability = Pekabex Steady and continuous growth Volume of production in 2003-2020 ('000 m?) Revenues (M PLN) afl 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20201H 2021 2011 2012/2013 2014-2015. 2016.» 2017, -2018— 2019 1H202
Slide 10: Revenue growth
Strong Balance Sheet & Financial Stability = Pekabex Revenue growth Revenues (in thous. PLN), gross margin EBITDA (in thous. PLN), EBITDA margins 639547 45097 44672 478.471 349872 24693 > The first half of 2021 was a record period in terms of revenues. > Revenuefrom sales in 1H 2021 amounted to PLN
Slide 11: Well diversified revenue sources
Strong Balance Sheet & Financial Stability = Pekabex Well diversified revenue sources Revenue structure by segments (in thous. PLN) 100% oxy 10 5%) 20 % 148 jam) 21 5%) ) 60% 40% 27; 1%) 39 %) 18; %) 24 1%) 20% 0% 64% 1H 2018 1H2019 1H 2020 1H2021 "prefabrication contracts construction services. pro
Slide 12: Selected Financial Data by Segments
Selected Financial Data by Segments Margins in most important segments Prefabrication contracts» - segment profit (in PLN Construction services - segment profit ’000) and margin (in PLN ’000) and margin 39005 35 103 17978 16682 14543 14525 1H2019 1H 2020 1H 2021 1H 2019 1H 2020 1H 2021 Developments
Slide 13: Stable and safe level of financial leverage
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage 175021 2015 179158 2015 246 140 2016 212222 2016 Fixed assets 338184 244181 259590 2017 2018 2019 Equity ag5359 309270 237570 i] 2017 2018 2019 420445 2020 361721 2020 430272 1H2021 395595 1H2021 In thous. PLN 30.
Slide 14: Working capital
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Trade receivables 358415 254026 222391 738612 172592 141701 io 176 [ 69696 2015 ©2016 = 2017-2018 = 2019-2020 1H. 2021 2015 Raw materials Inventory «= Finished goods (prefabricated elements) = Lands (development p
Slide 15: Net debt and financial liabilities
Strong Balance Sheet & Financial Stability Stable and safe level of financial leverage Long term and current financial liabilities« @ long-term financial liabilities = current financial liabilities 165 460 assy 1H 2019 1H 2020 1H 2021 Net debt« 161207 79018 11638 1H 2019 1H 2020 + Net debt (without
Slide 16: 160000,0 140000,0 120000,0 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
160000,0 140000,0 120000,0 100000,0 80000,0 60000,0 40000,0 20000,0 0,0
Slide 17: CAPEX to expand growth potential
Strong Balance Sheet & Financial Stability CAPEX to expand growth potential CAPEX policy: = Investments that are related to automation and computerization. = Improving production capacity and efficiency (new investments with the required rate of return of 20% - target: 30%). = Improving the quality
Slide 18: Stock market and ratios
Strong balance sheet & financial stability = Pekabex Stock market and ratios Dividends * Dividend payout corresponds to the generated profit and the Group’s financial situation and capital cenit year 2014 2015 2016 2017 2018 2019 2020 Dividend date 2015 2016 2017 2018 2019 2020 2021 ividend per shar
Slide 19: Attachment
= Pekabex —— ATTACHMENT The art of prefabrication www.pekabex.p!
Slide 20: Selected Development Projects 1H 2021
= Pekabex Selected Development Projects 1H 2021
Slide 21: Development Projects in 2021
Development Projects in 2021 Development projects gaining momentum Development projects - residentials Jun-19 Jun-20 Jun-21 Development projects - others Jun-19 Jun-20 Jun-21 ‘sNumberof rooms = Pekabex RFA pcs. 5900 110 Jasielska 2: project completed, all apartments sold; 1761 12 Osiedlowa 43: proje
Slide 22: Future Development Projects
Future Development Projects Significant number of projects in preparation for the following years Future development projects - residentials = Pekabex RFA pes. | 14000 240 Czestochowa: in4Q 2021 building permitexpected in 4Q 2021; 000 1190 Poznat 4 partof the plot (asielska 3) currently developed wi
Slide 23: Development project Osiedlowa 43
= Pekabex J6zefostaw | Warsaw Development project_Osiedlowa 43 On October 29, 2019, the company Pekabex Development purchased for PLN 2,370 thous. plot in Jézefostaw in connection with the planned implementation of another pilot project, consisting in the construction of 12 terraced houses. On Decem
Slide 24: Development project Casa Fiore
= Pekabex St. Hafciarska | Warsaw Development project Casa Fiore On June 3, 2020, the Group acquired a plot of land for another development investment in Warsaw. Design works and preparation of the investment for sale are currently in progress The Group estimates that as part of the investment, 40 i
Slide 25: Development project Mechelinki
= Pekabex Mechelinki | Gdynia Development project Mechelinki On June 29, 2020, Pekabex S.A. and Pekabex Development Sp. z 0.0. concluded with Origin Investments Sp. z 0.0. and Origin Gdynia 1 Sp. z 0.0. ("Origin") an investment agreement for the joint implementation of the investment in Mechelinki c
Slide 26: Development project Casa Baia, Hel
= Pekabex Casa Baia | Hel Development project Hel On 30 April 2021, the Group acquired a plot of land located in Hel, at Zeromskiego Street. As part of the planned modern building will be constructed, which will comprise an estimated 51 holiday flats and 1 commercial unit commercial premises. The us
Slide 27: Development project Katedralna
= Pekabex Katedralna | Czestochowa Development project Katedralna For the purpose of realizing the investment, an investment agreement was signed on 15 March 2021 between Pekabex Development Sp. z 0.0. (Investor 1) and Investor 2, which is the owner of land properties located in Czestochowa at ul. K
Slide 28: Selected realized contracts: Prefabrication contracts
= Pekabex Selected realized contracts Prefabrication contracts
Slide 29: Warehouse buildings prefabrication contract
Construction contains warehouse buildings c.a. 40 thousand m2. Prefabrication contains 4 500 elements (columns, beams, solid walls).
Slide 30: Production and warehouse facility contract
Contract concerns development of the production and warehouse facility with a production building of the installation for the production of food concentrates with storage, technical and technological facilities as well as the necessary construction equipment. Prefabrication contains of 1 257 element
Slide 31: Parking hall contract
Construction contains parking hall: ca. 17.000 m2. Prefabrication include delivery and assembly of 1 814 elements (columns, solid walls, stairs, HC plates, filigree slabs, elevator shaft).
Slide 32: Three buildings prefabrication contract
Construction contains 3 buildings: 5.936 m2. Prefabrication contains 3 128 elements (columns, beams, filigrees, solid wall, stairs, solid slabs, HC slabs).
Slide 33: Railroad tunnel tubings in Łódź
Contract contains production and delivery of 29.900 pcs. of tubings for 2 railroad tunnels in Łodź.
Slide 34: Residential, parking hall and kindergarten contract
Construction contains 3 buildings: residential building, parking hall and Construction contains assembly of residential building. kindergarten. - Prefabrication contains ca. 3 286 elements (19 045 m2 of HC slabs – 16 873 m2 of Prefabrication of parking hall contains ca. 755 elements (3-layer walls,
Slide 35: Residential, parking hall and kindergarten contract
Construction contains 3 buildings: residential building, parking hall and kindergarten. Prefabrication of parking hall contains ca. 502 elements (3-layer walls, solid brick walls, columns, beams).
Slide 36: Selected realized contracts: Construction services
= Pekabex Selected realized contracts Construction services
Slide 37: Warehouse construction contracts
Construction contains warehouse with walefare Construction contains warehouse – total area and office facility. Total floor area – almost 47 c.a. 102 000 m2. 286 m2. Prefabrication contains c.a. 2 725 elements Prefabrication contains 1 342 elements (columns, (docks, columns, girders, roof beams). gi
Slide 38: Warehouse and office building contracts
Construction contains warehouse and office Construction contains warehouse and hall building. building c.a.: 19,500 m2. Total floor area – almost 12 thousand. m2. Prefabrication contains 688 elements (columns, Prefabrication include delivery and assembly beams, filigrees, solid wall, stairs, docks,
Slide 39: Housing projects Toruń and Włocławek
PFR Nieruchomosci | Torun UM | Włocławek Housing project Housing project Construction contains residential complex of 8 buildings – area Construction contains residential complex of 8 buildings – floor 15 665 m2. area ca. 15 600 m2. Prefabrication contains c.a. 3 600 elements (triple-layered walls,
Slide 40: New key projects
= Pekabex a Contract Contract Date Contractor Description Value (%) currency New key projects - The subject of the contract is the design and execution of a January 3, 2021 CIR eS prefabricated structure within the frame work building 4% EUR construction investment - FR11 Data Center in Frankfurt Th
Slide 41: New key projects
= Pekabex a Contract Contract Date Contractor Description Value (%) currency New key projects The subject of the contract isbuilding of construction works March 19, 2021 Es a ee Fea and work related to them in the field of investment consisting 6% PLN DEKE SEDLS in the expansion of the warehouse loc
Slide 42: New key projects
= Pekabex «Contract Contract Date Contractor Description Value (%) currency New key projects The subject of the letter of intent is general construcion of the investment task of building the Center production, warehouse PDC industrial Center and logistics together with social and office segments, _
Slide 43: New key projects
= Pekabex New key projects a sContract Contract Date Contractor Description value (%) currency The subject of the contract is a comprehensive execution of earthworks and road works by the Company as part of an July 7, 2021 TB Development Sp. z0.0 investment task - construction of a production, wareh
Slide 44: Contact
Contact: Beata Żaczek Vice-president /CF O beata.zaczek@pekabex.pl This presentation was prepared exclusively for the benefit and internal use of the addressees and does not carry any right of publication or disclosure. The information contained in this presentation is private and confidential and c