Slide 1: Financial Results 2Q 2022 Investor Presentation
FINANCIAL RESULTS 2Q 2022 INVESTOR PRESENTATION OCTOBER 2022 10/10/2022
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer to sell any securities of Dekpol SA (the "Company"), in particular, it does not contain information about securities and the terms of their purchase and it does not constitute an invitation to sell securities, submit offers for their purchase
Slide 3: Dekpol Group
DEKPOL GROUP • specialization in construction of logistics, 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. BUDOWNICTWO 2. DEWELOPER 3. STEEL 4. Financial results 5. Summary 4
Slide 5: Dekpol Budownictwo
© dekool. BoA BUDOWNICTWO
Slide 6: Financial Results
FINANCIAL RESULTS Revenues* (million of PLN) Operating result High level of revenues- EBIT (million) margin (%) +52% 1 billion of PLN for the last 12 months 1 000 58,4 850 7,5% 7,2% 6,9% 6,8% 7,0% 45,3 49,6 6,4% 6,6% 654 5,7% 5,8% 6,9% 5,0% 5,0% 6,1% 5,8% 487 29,7 351 19,3 249 17,1 17,5 243 194 190
Slide 7: 2022+ Prospects
2022+ PROSPECTS Contracting (million of PLN) Net value of contracts (million of PLN) STRONG ORDERING PORTFOLIO reduction in bidding during the largest price increases in Q2 21 and Q1 22 Remained for implementation (million of 1404 PLN) Structure of GW projects (as at 1250 1300 1204 30.06.2022) Other
Slide 8: Slide 8
Slide 9: Deweloper – Financial Results
DEWELOPER – FINANCIAL RESULTS Revenues, recognition of result Operating result Value (million of PLN) EBIT (million) margin (%) Quantity Verification of the goal 450 PLN 190 million and 390 45% apartments (instead of1400 400 PLN 250 million and 540 apartments set in 1Q22) 49,3 350 1200 22% 14% 17% 1
Slide 10: Sales Dynamics
SALES DYNAMICS Contracting and offer Offer (number of apartments offered for sale) Contracting (apartments sold by agreements) Dynamic expansion of the offer starting from 3Q 2020 verification of the goal in 2022 - 320 apartments (instead of 460 apartments set in 811 185 1Q22) 738 746 746 713 715 71
Slide 11: Diversified Offer
DIVERSIFIED OFFER % of apartments sales from the offer – as at30.09.2022 Zatoka Pucka 746 lokali w ofercie Wyspa Sobieszewska Pastelowe Neo Jasień Sol Marina Trimare, Sztutowo Osiedle Kociewskie 11
Slide 12: Pipeline of Investments in 2022-2025
PIPELINE OF INVESTMENTS IN 2022-2025 favorable timing of planned implementations 12
Slide 13: Dekpol Steel
dekpol.
Slide 14: Financial Results
FINANCIAL RESULTS Revenues* Operating result (million of PLN) (million of PLN) 163,5 EBIT (million) margin (%) +74% y/y the best quarterly result 16,6 in company's history 120,4 14,4% 11,0% 14,0% 7,4% 10,0% 9,3% 12,6% 10,5% 12,6 1,5% 4,2% 11,4 90,7 80,2 12,7% 7,3% 10,5% 10,2% 52,4 6,6 46,0 5,8 36,1
Slide 15: 2022+ Prospects
2022+ PROSPECTS Transaction Price Data Sheet – MEPS EUROPE Fluctuating steel market, due to the war in Ukraine, which was responsible for approx. 50% -60% of steel EUR /t Hot Rolled Coil Hot Rolled Plate supplies to Europe. Sources of raw materials: • Wear-resistant steel – Sweden 2000 • Steel 4,5-2
Slide 16: Financial Results of the Dekpol Group
FINANCIAL RESULTS OF THE DEKPOL GROUP
Slide 17: Revenues – Three Segments
REVENUES – THREE SEGMENTS Revenues (million of PLN) Revenues (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 527 1418 1256 222 134 1021 254 322 309 314 321 837 278 772 287 256 21 30 39 205 131 219 579 161 1 000 195 44 29 155 351 850 57 69 48 243 200 249 216 259 654 194 190 552 487 166 36 117
Slide 18: Operating Results – Three Segments
OPERATING RESULTS – THREE SEGMENTS EBIT (million of PLN) EBIT (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 113 116 51 81 40 71 49 33 42 24 48 15 26 21 18 52 21 2 23 15 10 19 12 13 30 58 1 13 6 22 50 11 10 8 19 7 17 4 36 30 45 17 14 11 11 8 11 21 23 8 10 7 11 13 17 2 2 1 1 3 4 2 4 4 3 6 8 6
Slide 19: Consolidated Net Profit
CONSOLIDATED NET PROFIT Net profit(million of PLN) Net profit (million of PLN) zysk netto znormalizowany 76 75 39,5 +20,3 +20,3 one-off one-off 16,3 51 53 znormalizowy 25,2 20 zysk netto 19,4 +24 one-off 9,3 13,9 12,4 56 55 11,1 7 8,1 8,3 7,5 27 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 2019
Slide 20: Selected Effects of the Outturn Account 1H 2022 vs. 1H 2021
SELECTED EFFECTS OF THE OUTTURN ACCOUNT 1H 2022 vs. 1H 2021 (million of PLN) Operating result +8,7 -9,3 -0,6 +4,0 -3,3 Lower recognition 26,9 of Dekpol Deweloper in 1H22 29,7 26,9 26,3 26,3 26,4 26,3 net profit 1H 2021 Budownictwo Deweloper STEEL Other Financial and tax net profit 1H 2022 expenses •
Slide 21: Stable Financial Position
STABLE FINANCIAL POSITION Net debt (million of PLN) at the end of period and ND/EBITDA Bonds – maturity structure (million of PLN) 300 ttm 6 Net debt (million of PLN) Net debt/EBITDA Deweleper 250 250 242 5 Budownictwo DSA 72,1 217 219 213 214 209 200 4 60,2 182 180 4,1 173 50,0 10,0 35,0 150 3,4 14
Slide 22: Prefabricates – Development of Production Capacities
PREFABRICATES – development of production capacities acquisition of 100% of shares of "Kombet Działdowo" Sp. z o. o. company headquartered in Komorniki on 5th of August 2022 KOMBET: • Production plant • land enabling expansion • 70 of qualified employees Production and sales of concrete and reinforc
Slide 23: Summary and 2022+ Prospects
© dekpol. SUMMARY AND 2022+ PROSPECTS
Slide 24: Financial Ratios
FINANCIAL RATIOS Revenues ttm EBITDA ttm Net profit ttm Market valuation (million of PLN) (million of PLN) (million of PLN) (03.10.2022) 1418 129 Share price 22.00 PLN 75* Number of 8,4 million 1000 88 shares 46 Capitalization 184 million of PLN Net debt 168 million of PLN C/Z 2,5 (normalized C/Z) (
Slide 25: 2022+ Prospects
2022+ PROSPECTS BUDOWNICTWO • High pipeline in Q2 2022 - PLN 1.4bn, new contracts in Q2 2022, intensification of commercial activities and regional development • short project life cycle (6-8 months), careful bidding, short offer deadline (14 days> 7 days) • Usage of strong demand from industrial co
Slide 26: Thank you for your attention
Thank you for your attention INVESTOR RELATIONS : FINANCIAL COMMUNICATION : Agata.Dzieciolowska@ccgroup.pl Katarzyna.Sadowska@ccgroup.pl