Slide 1: Financial Results in 1Q 2022
FINANCIAL RESULTS IN 1Q 2022 INVESTOR PRESENTATION JUNE 2022 7/13/2022
Slide 2: Legal Notice
LEGAL NOTICE This presentation does not constitute an offer to sell any securities of Dekpol S.A. (The "Company"), in particular, it does not contain information about the securities and the terms of their purchase, and does not constitute an invitation to sell securities, submit offers for their pu
Slide 3: Dekpol Group
• specialization in construction of logistics, DEKPOL GROUP industrial and cubature facilities • short- and medium-term contracts (execution time 6 - 9 months) • flexibility provided by unique resources: machinery park, own prefabricated products, construction teams Michał Skowron, CEO • extensive a
Slide 4: Agenda
AGENDA 1. Financial results 2. GENERAL CONTRACTING 3. PROPERTY DEVELOPMENT 4. STEEL 5. Summary 4
Slide 5: Financial Result of the Dekpol Group
FINANCIAL RESULT OF THE DEKPOL GROUP
Slide 6: Revenues – Three Segments
REVENUES – THREE SEGMENTS Revenues (million of PLN) Revenues (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 1374 1256 245 527 1055 254 134 837 287 772 322 309 314 161 278 579 155 951 256 219 30 39 850 205 131 195 44 29 351 200 654 69 259 552 487 57 249 48 216 194 190 36 293 117 166 122 115 2
Slide 7: Operating Results – Three Segments
OPERATING RESULTS – THREE SEGMENTS EBIT (million of PLN) EBIT (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 51 113 117 33 81 71 49 47 26 18,2 48 42 21 52 21 22,7 15 15 9,7 19 12,9 12 13 11 1,4 6,4 22 30 53 7,0 10,4 8,4 50 14 17 11 4 36 30 45 11 17 11 8 10 8 21 23 2,1 2,4 1,3 1,0 2,8 4,2 2,1
Slide 8: Consolidated Net Result
CONSILIDATED NET RESULT Net profit (million of PLN) Net profit (million of PLN) 82 zysk netto znormalizowany 76 zdarzenia jednorazowe i efekty bilansowe +20,3 one-off 39,5 +20,3 one-off 16,3 51 53 normalized net profit 25,2 20 +24 19,4 one-off 9,3 62 13,9 56 11,1 8,1 8,3 7 7,5 19,5 27 9,3 1Q20 2Q20
Slide 9: Stable Financial Position
STABLE FINANCIAL POSITION Net debt (million of PLN) at the end of the period and Bonds – term structure (million of PLN) 300 ND/EBITDA ttm 6 Net debt (million of PLN) Net debt/EBITDA (as at 31.03.2022) 250 Deweleper 250 242 5 Budownictwo 219 DSA 82,1 217 213 209 10,0 200 182 180 4 65,8 4,1 173 62,5
Slide 10: Budownictwo
© dekool. BUDOWNICTWO
Slide 11: Financial Results
FINANCIAL RESULTS Revenues* (million of PLN) Operating result 951 EBIT (million) +52% margin (%) 850 52,6 49,6 45,3 654 7,5% 7,2% 6,9% 6,8% 7,0% 6,4% 487 29,7 5,7% 6,9% 5,5% 5,0% 5,0% 6,1% 351 5,8% 17,1 17,5 249 194 216 13,6 190 10,6 10,8 10,7 166 9,2 117 122 115 8,4 7,7 1Q20 2Q20 3Q20 4Q20 1Q21 2Q2
Slide 12: 2022+ Prospects
2022+ PROSPECTS Contracting (PLN million) reduction in bidding during the largest Net value of contracts (PLN million) price increases in 2Q21 and 1Q22 STRONG ORDERING PORTFOLIO 1300 1250 1200 GW projects structure 1034 (as at 31.03.2022) 875 910 910 Other 800 12% 750 574 575 416 395 409 400 388 Log
Slide 13: Slide 13
Slide 14: Deweloper – Financial Results
DEWELOPER – FINANCIAL RESULTS Revenues, recognition of results Operating result Value (million of PLN) EBIT (million) Margin (%) Quantity 450 800 44,9% 400 700 49,3 47,2 350 622 22,0% 13,6% 591 600 17,3% 17,5% 16,5% 41,4 573 14,0% 300 287 540 12,3% 490 254 500 6,9% 19,4% 250 14,4% 19,3% 250 10,5% 20
Slide 15: Sales Dynamics
SALES DYNAMICS Contracting and offer Offer (number of apartments for sale) Contracting (apartments sold by agreements) High offer and sales goal for 2022 Constantly expanded high offer set at 460 apartments 569 713 811 185 490 Dynamic expansion of the 738 460 713 715 offer, starting from 3Q 2020 480
Slide 16: Investment Pipeline 2021-2025
INVESTMENT PIPELINE 2021-2025 favorable timing of planned implementations 2022 2023 2024 2025 2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Neo Jasień etap I w budowie 104 Osiedle Pastelowe etap IIa w budowie 225 Baltic Porto w budowie 72 Trimare etap I w budowie 189 Osiedle Kocie
Slide 17: Dekpol Steel
dekpol.
Slide 18: Financial Results
FINANCIAL RESULTS Revenues* Operating result (million of PLN) (million of PLN) 141,1 EBIT (million) margin (%) The best quarterly 120,4 14,1 result in company’s history 12,6 10,5% 14,4% 11,0% 14,0% 7,4% 10,0% 9,3% 11,4 90,7 1,5% 4,2% 80,2 12,7% 7,3% 10,5% 10,0% 46,0 5,8 36,1 4,2 4,3 30,0 29,0 3,5 20
Slide 19: The Variable Steel Market
THE VARIABLE STEEL MARKET Transaction Price Data Sheet – MEPS • reduction of steel production capacity in the EU by approx. 50 million tonnes (2009-2019) in favor EUR /t EUROPE Hot Rolled Plate Hot Rolled Coil of imports - through non-competitive gradual environmental costs 2000 normalization +97% o
Slide 20: Pipeline
PIPELINE Sales (million of PLN) • In 2021, acquisition of new customers (Hitachi, From May 2022, 25 moderation in CNH, Steelwirst, ABL) and development of dynamics of orders cooperation with new and existing partners due to macro trends (e.g. Caterpillar). • From May 2022 OEM demand slowing, explori
Slide 21: 2023+ Prospects
2023+ PROSPECTS Revenues (million of PLN) • HIGH AMOUNT OF ORDERS PLN 300 million Acquisition of Intek Nov. 21 • from regular partners and newly acquired customers (Hitachi, Full processing capacity +200 of employees CNH, Steelwirst, ABL), Pinczyn and Lubawa +21,5 thousands of m2 of the plant explor
Slide 22: Summary and 2022+ Prospects
© dekool. SUMMARY AND 2022+ PROSPECTS
Slide 23: Financial Ratios
FINANCIAL RATIOS Revenues ttm EBITDA ttm Net profit ttm Market valuation (million of PLN) (million of PLN) (million of PLN) (04.07.2022) 1255 130 1250 125 82 Share price 24,8 PLN 76 Number of shares 8,4 mln Capitalization 208 mln Net debt 213 mln C/Z 2,5 (normalized C/Z) (3,3) EV/EBITDA 3,2 (normali
Slide 24: Outlook for 2022+
OUTLOOK FOR 2022+ BUDOWNICTWO • short project life cycle (6-8 months), • pipeline 1Q 2022 – PLN 1,2 billion, new contracts in Q2 2022, thanks to careful bidding, short offer deadline (14 intensification of commercial activities and development of the days> 7 days) regional structure • own resources
Slide 25: Thank you for your attention
Thank you for your attention INVESTOR RELATIONS : FINANCIAL COMMUNICATION : Agata.Dzieciolowska@ccgroup.pl Katarzyna.Sadowska@ccgroup.pl