Slide 1: Presentation of results for the I quarter of 2019
Presentation of results for the I quarter of 2019 May 30, 2019
Slide 2: Representatives
2 Representatives Daniel Janusz Piotr Wielesik president of the Board Member of the Board
Slide 3: The most important events of the I quarter of 2019
The most important events of the I quarter of 2019 The most important events of the I quarter of 2019 Financial results for the I quarter of 2019 FEERUM in Ukraine Project Tanzania Strategy Summary 3
Slide 4: The most important events of the I quarter of 2019
The most important events of the I quarter of 2019 Ukrainian contracts signed as part of the "supplier's credit" scheme with the Ukrainian company Epicentr K LLC - one of the largest transactions of this type in Europe. KUKE insured contracts for a total value of 50 million EUR, and then FEERUM si
Slide 5: Financial results for the I quarter of 2019
Financial results for the I quarter of 2019 The most important events of the I quarter of 2019 Financial results for the I quarter of 2019 FEERUM in Ukraine Project Tanzania Strategy Summary 5
Slide 6: Sales revenues (thous. PLN)
6 Sales revenues (thous. PLN) Result for the year 2018 – 128 714 thous. PLN I quarter 2018 26 735 sales revenues I quarter 2017 27 583 sales revenues Source: Consolidated report for the period from January 1, 2019 to March 31, 2019
Slide 7: The Group's revenues in cross-section of geographical areas
7 The Group's revenues in cross-section of geographical areas Country 01.01 - 31.03.2019 01.01 - 31.03.2018 Poland 8 753 5 970 Ukraine 9 729 1 607 Lithuania 0 1 742 Romania 15 21 Tanzania 7 909 18 242 other countries 329 0 Total 26 735 27 583 Source: Consolidated report for the period from January 1
Slide 8: Poland vs the World
8 Poland vs the World As regards financial results in the first quarter of 2019, the Group achieved sales revenues at a level similar to the same period last year. In the perspective of the next periods, it should be emphasized that the sales in the scope of a significant contract with the Ukrainian
Slide 9: Financial results for the I quarter of 2019
Financial results for the I quarter of 2019 thous. PLN I quarter of 2019 I quarter of 2018 change in % change in thous. Sales revenues 26 735 27 583 -3,1% -847 Gross profit (loss) on sales 4 188 4 946 -15,3% -758 Gross margin on sales 15,7% 17,9% -2,27% EBITDA 3 593 4 766 -24,6% -1173 Profitability
Slide 10: The structure of the balance sheet as at March 31, 2019
10 The structure of the balance sheet as at March,31 2019 Assets Liabilities 37,4% fixed 43,4% commitment 62,6% rotary 56,6% equity capital 50% 50% Main items: Main items: 62% 62% 71 mln zł financial stocks 71,9 mln zł short – term liabilities due to deliveries and service 71,8 mln receivables 13,8
Slide 11: FEERUM in Ukraine
FEERUM in Ukraine The most important events of the I quarter of 2019 Financial results for the I quarter of 2019 FEERUM in Ukraine Project Tanzania Strategy Summary 11
Slide 12: FEERUM in Ukraine
FEERUM in Ukraine
Slide 13: Vendor loan-crediting activity
13 Vendor loan-crediting activity The recipient, when purchasing from the supplier, does not make the payment in cash immediately, but only after a certain period of time. In the time from receiving the goods, or using the service until you pay for it, the buyer uses the supplier's credit. Feerum re
Slide 14: Made in Poland
14 The condition of being from Poland Made in Poland Insurance with Treasury support may include transactions that relate only to exports of Polish goods and services.
Slide 15: The final product FEERUM
15 The final product FEERUM More than 90% equipment and elements of drying and storage complexes is created on the basis of unique concepts of designers and constructors of FEERUM, in their own CBR. 100% benefits „The creation of products that are ultimately highly advanced technologically is the on
Slide 16: The first purchase of receivables in the "supplier's credit" scheme
16 The first purchase of receivables in the "supplier's credit" scheme March 6, 2019 r. The instrument offered by BGK supports export giving the beneficiary the opportunity earmarking funds for increasing turnover; it enables the importer to offer better payment terms and eliminates the financial ri
Slide 17: Investments in development of production potential
17 100 million investments in the development of production potential give effect! The implementation of contracts in Tanzania and Ukraine would not have been possible without the investments that we started a few years ago. automation robotics experienced staff management systems
Slide 18: Refinancing loans
Refinancing loans We refinanced liabilities in Pekao S.A., we also launched all loans in BGK.
Slide 19: Another large contracts?
19 Daniel Janusz Another large contracts? „The company's acquisition of a contract with a leading producer in Ukraine will translate into increased trust of other customers to FEERUM. We are counting with the possibility of increasing the level of orders from this direction. We are currently working
Slide 20: Project Tanzania
Project Tanzania The most important events of the I quarter of 2019 Financial results for the I quarter of 2019 FEERUM in Ukraine Project Tanzania Strategy Summary 20
Slide 21: FEERUM in Tanzanii
FEERUM in Tanzanii Until now, under the Tanzania contract, we have received payments in the amount of 16,8 million USD. 21
Slide 22: Another FEERUM silos in Africa
Another FEERUM silos in Africa
Slide 23: Summary of production and shipments
23 Summary of production and shipments 95% of production At the moment, we have produced 95% of machines and equipment needed to complete and run facilities in all locations. 82% deliveries We have sent 82% of the entire installation to Tanzania for all 5 construction sites. 289 containers This tran
Slide 24: Earth and foundation works
Earth and foundation works We have already prepared nearly 90% of the soil stabilization necessary due to difficult seismic conditions. The advancement of foundation works is nearly 60%.
Slide 25: Construction monitoring
25 Construction monitoring In parallel with the assembly of roofs and silos, we carry out further foundation works for the next silos on all five construction sites.
Slide 26: Project Tanzania: significant progress on each of the sites
26 Significant progress on each of the 5 sites PROJECT TANZANIA Works are carried out simultaneously, with varying degrees of advancement, on all 5 construction sites. Every day, only 35 employees work at one location, including experienced construction managers. Client: NFRA Value of the contract:
Slide 27: Visits to construction sites - Minister of Agriculture of Tanzania
27 Visits to construction sites - Minister of Agriculture of Tanzania April 2019 BRONZ KIDS 535 WOLF KIDS 535 Illustration Design Illustration
Slide 28: The regional commissioner visited the construction site in Dodoma
28 The regional commissioner visited the construction site in Dodoma May 2019 BRONZ KIDS 535 WOLF KIDS 535 Illustration Design Illustration
Slide 29: Our success in Tanzania is not a coincidence
29 Our success in Tanzania is not a coincidence The intense time of preparation for the contract has been fully paid off People VAT exemption Own social and The implementation of the Tanzanian contract living facilities We obtained a VAT exemption for involves a group of employees from various suppl
Slide 30: Strategy
Strategy The most important events of the I quarter of 2019 Financial results for the I quarter of 2019 FEERUM in Ukraine Project Tanzania Strategy Summary 30
Slide 31: Strategy
Strategy Obtaining an important player position on the international arena Dynamic increase in the scale of operations Modern technologies and Sales to the domestic expansion of the market and foreign markets production base Strenghtening sales Intensification of Investments in Expansion of the netw
Slide 32: Summary
Summary The most important events of the I quarter of 2019 Financial results for the I quarter of 2019 FEERUM in Ukraine Project Tanzania Strategy Summary 32
Slide 33: FEERUM – first quarter of 2019
33 FEERUM – first quarter of 2019 High contracted and potential Realization of over 82% of order book for 2019-2020; supplies of machinery and Good market prospects equipment to Tanzania. Innovative on a global scale products in the Company's offer; In the first quarter of 2019, the Group significan
Slide 34: FEERUM JSC. Chojnów contact details
FEERUM JSC. 6 Okrzei Street 59-225 Chojnów Polska +48 76 81 96 738 +48 76 81 88 485 sekretariat@feerum.pl www.feerum.pl
Slide 35: Reservation
Reservation This study has been prepared solely for information purposes. It does not constitute advertising or offering securities in public trading. The study uses information sources that FEERUM S.A. considers it credible and accurate, but there is no guarantee that it is comprehensive and fully