Slide 1: Results presentation 1-3Q 2024
mWIG40 Results presentation 1-3Q 2024 November 14th, 2024
Slide 2: Three diversified business segments
Three diversified business segments Mo-BRUK operates in three complementary areas of waste management, with particular specialization in waste recovery. Incineration of Solidification industrial and and stabilisation Production of RDF Other activities medical waste of waste ▪ We produce energy We pr
Slide 3: Scale of operations – consolidated data
Scale of operations – consolidated data Revenues (PLN million) +x% % zmiana r/r EBITDA (PLN million) and EBITDA margin (%) -9.0% 300 267.2 -2.6% 160 151.3 70% 243.4 237.0 58% 250 +49.7% 140 57% 48% 60% +18% 117.3 52% 200.2 120 109.1 200 178.5 103.1 42% 50% +36.7% 169.6 46% 100 43% 87.4 84.7 40% 150
Slide 4: Core business – quarterly data
Core business – quarterly data EBITDA (million PLN) 1Q 2024 2Q 2024 3Q 2024 Total 40 36.1 35 31.4 30.2 Revenues 30 27.0 25.9 (in thousands 49 125 58 587 73 150 180 862 25 21.8 of PLN) 20 15 EBITDA 10 (in thousands 21 808 25 924 36 073 83 805 5 of PLN) 0 1Q 2023 1Q 2024 2Q 2023 2Q 2024 3Q 2023 3Q2024
Slide 5: Business structure
Business structure Revenues by segment (PLN million) xx total Volume of processed waste (thousand tonnes) 265 262.8 300 300 256.4 248.2 245 238.6 221.1 224.2 250 250 217.0 52.8 78.8 183.6 180.9 101.7 86 67.2 200 162.6 46.5 42.9 200 62.8 89.5 154.8 150 114.7 72.4 44.6 150 64.2 34.3 31.8 78.6 92.5 100
Slide 6: Market trends 2024+
Market trends 2024+ Extended producer responsibility for waste introduced into circulation: • further limiting the grey area • favoring entities with their own processing facilities • waste stream control requires integration at earlier stages of production (upstream) Incineration of Solidification
Slide 7: Two cases won at the National Chamber of Appeals (KIO)
Two cases won at the National Chamber of Appeals (KIO) regarding the compliance with the waste processing hierarchy by the producer ▪ We obtained a favorable ruling from the National Chamber of Appeals (KIO) regarding the tender for the waste management of the ProNatura Intermunicipal Waste Disposal
Slide 8: Expenses structure
Expenses structure Details Year-over-year increase (in thousands of PLN) I-IIIQ 2024 I-III Q 2023 Change Change % in cost value of Operating activity expenses 130.421 102.073 28.348 28% PLN 28.3 million Change in product inventory -378 6 -384 -6400% The main factor behind the increase is the consoli
Slide 9: Changes in the value of key balance sheet items
Changes in the value of key balance sheet items Details September 24 December 23 Change Change (%) (in thousands of PLN) Increase in the value of fixed assets Tangible fixed assets 304.326 215.800 88.526 41% * Increase in the level of liabilities Loans and borrowings 52.098 7.728 44.370 574% ** Othe
Slide 10: Attachments
mWIG40 Attachments
Slide 11: Investments: projects and locations
Investments: projects and locations XII 2022 2023 2024 ✓ completed Karsy Spalarnia: 135 PLN million Niecew: 25 PLN million Skarbimierz: 20 PLN million Karsy RDF: 25 PLN million RAF Ekologia: 10 PLN million IT - all functions: 1,5 PLN million 11
Slide 12: Karsy: Modernization of the incineration plant completed on time
Karsy: Modernization of the incineration plant completed on time ▪ The shutdown of the installation began on November 25, 2023, and lasted until July 30, 2024. ▪ The investment proceeded according to the planned schedule. ▪ The main goal of the modernization was to comply with the Best Available Tec
Slide 13: Niecew: Ongoing plant modernization (1/2)
Niecew: Ongoing plant modernization (1/2) ▪ The process of adapting the plant to the requirements of the Best Available Techniques (BAT) is ongoing. ▪ After selecting the General Contractor, work commenced on February 22, 2024. ▪ As a result of the investment, the plant's capacity will also be incre
Slide 14: Niecew: Ongoing plant modernization (2/2)
Niecew: Ongoing plant modernization (2/2) 14
Slide 15: Karsy: Planned commencement of RDF expansion (Q4 2024)
Karsy: Planned commencement of RDF expansion (Q4 2024) Investment in a new RDF production line ▪ A contract has been signed for the purchase of a new production line with a capacity of 140,000 tons per year for PLN 15 million. ▪ The plan includes increasing processing capacity from 90,000 tons to 20
Slide 16: Implementation of the M&A strategy
Implementation of the M&A strategy ▪ In November 2023, the Group finalized the acquisition of 95% of the shares in El-Kajo, which operates in the consolidation and stabilization segment. ▪ As a result of this transaction, the Group increased its waste processing permits and production capacities fro
Slide 17: Disclaimers
Disclaimers This document has been prepared by Mo-BRUK S.A. (“Mo-BRUK”) with registered office in Niecew 68, Korzenna 33-322, entered in the register of entrepreneurs of the National Court Register kept by the District Court for Kraków-Śródmieście in Kraków, 12th Economic Division of the National Co