Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — H1 2024 Earnings Presentation
30 slides from Polimex - Mostostal Sa's earnings presentation, August 2024
Slide 1: Financial Results H1 FY 2024
FINANCIAL RESULTS H1 FY 2024 POLIMEX MOSTOSTAL CAPITAL GROUP H1 2024 FINANCIAL RESULTS
Slide 2: We Build the Future
WE BUILD THE FUTURE AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 1
Slide 3: Polimex Mostostal Capital Group
Polimex Mostostal Capital Group The company implements specialised investments in Poland and abroad for the power, oil, gas and environmental protection industries. It is a manufacturer and exporter of steel structures, gratings, as well as provides services of galvanising and painting of steel stru
Slide 4: History of the Group
History of the Polimex Mostostal Capital Group BEGIN The Polimex Mostostal Capital Group means Establishment of Polskie Towarzystwo Eksportowo-Importowego Maszyn 78 years of tradition and business activity i Urządzeń Sp. z o.o Polimex Mostostal is a Company listed on the Establishment of the company
Slide 5: Business segments of the Group
Business segments of the Polimex Mostostal Capital Group The Polimex Mostostal Capital Group consists of companies with the following profiles: manufacturing and services, operating in key sectors: POWER SECTOR OIL, CHEMICALS INDUSTRIAL PRODUCTION INFRASTRUCTURE EQUIPMENT AND SERVICE AND GAS CONSTRU
Slide 6: Group – Employees
Polimex Mostostal Capital Group – Employees Polimex Mostostal Capital Group employs 5,000 people highly qualified personnel White collar workers Blue-collar workers: Presidents and directors almost 37.3% almost 62.7% over 2.5% Women - over 15.1% AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 5
Slide 7: Group 2024 Summary
Polimex Mostostal Capital Group 2024 Summary PLN 1,380 million sales revenue for 1H 2024 vs PLN 1,654 million in 1H 2023. Order book worth PLN 8,1 billion – see slide 18 for more details. Commissioning of the newly-built Unit No. 9 at the PGE GiEK S.A. Dolna Odra Power Plant Complex Branch with a ca
Slide 8: Selected ongoing projects
Selected ongoing projects AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 7
Slide 9: Olefiny (oil, chemicals and gas segment project)
Strategic projects: Olefiny (oil, chemicals and gas segment project) Olefiny PACKAGE K-003 of the OSBL expansion package for the Olefins plant ▪ Total contract value: PLN 3,872 M net Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Dolna Odra (power segment project)
Strategic projects: Dolna Odra (power segment project) Dolna Odra Two new gas-steam units at PGE GiEK S.A. Dolna Odra Branch ▪ Total contract value: PLN 3,664 M net Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 9
Slide 11: Rybnik (power segment project)
Strategic projects: Rybnik (power segment project) Rybnik Construction of a gas-steam unit for Rybnik 2050 - PGE Group company ▪ Total contract value: PLN 3.05 billion + PLN 0.76 billion net ▪ Value of service contract: PLN 0.76 billion net Wykonawcy: Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.P
Slide 12: Czechnica (power segment project)
Strategic projects: Czechnica (power segment project) Siechnice New Combined Heat and Power Plant EC Czechnica at ZEW KOGENERACJA S.A. ▪ Total contract value: PLN 1,159 M net ▪ Value of service contract: PLN 118 M Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 11
Slide 13: Baltica (power segment project)
Strategic projects: Baltica (power segment project) Choczewo Construction of the onshore infrastructure required to derive power from the Baltica 2 project for PGE Group ▪ Total contract value: EURO 514,2 M net. Wykonawcy: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 12
Slide 14: Puławy (power segment project)
Strategic projects: Puławy (power segment project) Puławy New power unit with a capacity of 100 MWe and 300 MWt ▪ Total contract value: PLN 1,197 M net Contractor: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: Kętrzyn (oil, chemicals and gas segment project)
Strategic projects: Kętrzyn (oil, chemicals and gas segment project) Kętrzyn Construction of a rapeseed oil pressing plant in Kętrzyn for Orlen Południe S.A. ▪ Total contract value: PLN 706 M net Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 14
Slide 16: Bydgoszcz (power segment project)
Strategic projects: Bydgoszcz (power segment project) Bydgoszcz Cogeneration unit with a capacity of min. 50 MWe and a heat source at PGE Energia Ciepła S.A. Branch Elektrociepłownia Bydgoszcz ▪ Total contract value: PLN 359.3 M net ▪ Value of service contract: PLN 110 M Contractors: AUGUST 2024 WWW
Slide 17: Rzeszów-Jasionka (industrial construction segment project)
Strategic projects: Rzeszów-Jasionka (industrial construction segment project) Rzeszów Planning and construction of a LOT AMS aircraft maintenance base on the area of the Airport Rzeszów-Jasionka ▪ Total contract value: PLN 216 M net Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 16
Slide 18: Lesznowola (industrial construction segment project)
Strategic projects: Lesznowola (industrial construction segment project) Lesznowola Central Museum Collection Warehouse with park and necessary infrastructure ▪ Total contract value: PLN 117.3 M net Contractors: AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 17
Slide 19: Group order portfolio
Polimex Mostostal Capital Group order portfolio (in PLN billion) 5,3 8,0 9,0 8,5 8,1 7,8 2023 2023 2023 2024 2024 JUNE SEPTEMBER DECEMBER MARCH JUNE Order portfolio after completion in H1 2024 r. in million PLN POWER OIL, CHEMICALS PRODUCTION OTHER AND GAS 2 921 3 899 516 797 AUGUST 2024 WWW.POLIMEX
Slide 20: New projects from 01/01/2024
New projects from 01/01/2024 net amounts in PLN recognised as share of the Polimex Mostostal Capital Group Baltica 2 onshore connection (value PLN 849.0m), Client: Baltica 2 Wind Power Plant (Poland) Construction of Ciechanowiec bypass within voivodship road No. 690 (value: PLN 105.1 million), Clien
Slide 21: Value of currently tendered projects in companies
Value of currently tendered projects in companies (gross) 12 000 10 580 10 000 8 000 6 230 6 000 4 000 3361 2 630 2 481 2731 2 000 1 112 900 387 387 0 Estimated Share per Estimated Share per Szacowana Share per Estimated Share per Estimated Share per value company value company wartość company value
Slide 22: The Group's H1 2024 selected financial data
The Polimex Mostostal Capital Group’s H1 2024 selected financial data AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 21
Slide 23: Selected financial data (PLN million)
The Polimex Mostostal Capital Group’s 1H 2024 financial results Selected financial data (PLN million) Polimex Mostostal Capital Group 1 900 80 100 40 34 86 1 654 -17% 64 -145% -108% 30 -185% 1 700 60 80 20 1 500 1 380 40 60 10 1 300 20 40 0 1 100 -10 0 20 900 -20 -20 0 700 -30 -29 -29 -7 500 -40 -20
Slide 24: Selected results of Segments (in PLN million)
The Polimex Mostostal Capital Group’s 1H 2024 financial results. Selected results of Segments (in PLN million) NOTE PxM CG revenue PxM CG EBITDA PxM CG revenue ▪ The largest sales revenue was achieved in Segments Segments Domestic/Foreign the Production and Energy Segments. 1 800 120 1 800 Combined,
Slide 25: Financial flows and debt (in PLN million)
The Polimex Mostostal Capital Group’s 1H 2024 financial results. Financial flows and debt (in PLN million) Net debt* in relation to EBITDA LTM Net cash flows** 3Q 2023 r. 2023 r. 1Q 2024 r. 1H 2024 r. 3Q 2023 r. 2023 r. 1Q 2024 r. 1H 2024 r. 0 400% 0 380% 0 350% -100 -50 -69 300% -130 -200 -100 250%
Slide 26: Our Customers
Our Customers AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 25
Slide 27: Our Partners
Our Partners AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 26
Slide 28: Lider Bezpieczeństwa Technicznego
LIDER BEZPIECZEŃSTWA TECHNICZNEGO AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 27
Slide 29: Polimex Mostostal Capital Group – legal disclaimers
Polimex Mostostal Capital Group – legal disclaimers This material does not form part of, and should not be deemed to be an offer, solicitation to purchase any securities of Polimex Mostostal S.A (the “Company”), nor should it, in whole or in part, form the basis of, or be relied on in connection wit
Slide 30: Contact
CONTACT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa tel. +48 22 829 71 00 www.polimex-mostostal.pl www.polimex-mostostal.pl AUGUST 2024 WWW.POLIMEX-MOSTOSTAL.PL 29