Slide 1: Financial results 2Q 2023
Financial results 2Q 2023 Investor presentation October 2023
Slide 2: Disclaimer
Disclaimer 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 purc
Slide 3: The Dekpol Group
The Dekpol Group Gdańsk Lubawa Pinczyn Działdowo The Group’s registered office Toruń Budownictwo Deweloper Steel Betpref 3 Grupa Kapitałowa Dekpol Poznań Wyniki finansowe FY 2022
Slide 4: Agenda
Agenda 2Q 2022 Budownictwo Steel Deweloper Financial results Summary 4 Dekpol Capital Group Financial results 2Q 2023
Slide 5: Budownictwo
Budownictwo Steel Deweloper
Slide 6: Budownictwo – financial results
Budownictwo – financial results Revenues* (million of PLN) Operating result +52% EBIT (million) margin (%) 1 002 71,6 913 67 850 8,3% 7,9% 654 7,3% 49,6 6,6% 45,3 5,2% 6,1% 7,3% 487 6,9% 7,1% 5,0% 29,7 5,8% 301 21,9 19,3 19,6 243 242 16,5 216 200 170 10,7 8,9 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 FY19 FY20
Slide 7: Outlook for 2023+
Outlook for 2023+ Strong ordering portfolio Structure of GW projects (as at 30.06.2022) Contraction (million of PLN) Net value of contracts (million of PLN) Remained for implementation (million of PLN) Other 1616 8% Commer 1507 cial 1404 1305 1321 1315 7% 1250 1204 1034 875 910 910 885 800 828 750 L
Slide 8: Competitive Advantages as a Lever for Growth
Competitive Advantages as a Lever for Growth +52% • Available, expert, and attractive service offering – market exploration at the local Level. • Focus on a high level of service is the core that builds a unique „Customer-friendly” brand identity • A versatile human capital ready to carry out privat
Slide 9: Steel
Budownictwo Steel Deweloper
Slide 10: Steel – financial results
Steel – financial results Revenues Operating result (million of PLN) (million of PLN) 157,4 12,6 EBIT (million) margin (%) 11,4 Gradual recovery of orders stopped after the 135,7 outbreak of war in 2022 12,6% 12,7% 9,8 120,4 9,3% 6,7% 10,5% 2,9% 7,3% 6,2% 1,8% 90,7 6,6 5,8 80,2 4,3 52,3 2,4 2,4 46,0
Slide 11: Diversification of production – the Intek plant
Diversification of production – the Intek plant • Utilization of the Intek plant for production of equipment outside the scope of accessories for construction machines (e.g., oversized trailers, 11 offshore equipment)
Slide 12: Outlook for 2023+
Outlook for 2023+ Fluctuating steel market - Ukraine accounted for approximately 50-60% of steel supplies to Europe. Since May 2022, a slowdown in OEM demand, exploring additional sources of orders Capitalization of Intek's experience: renewable energy (offshore) and trailers Management Board streng
Slide 13: Deweloper
Budownictwo Steel Deweloper Financial results 2Q 2023
Slide 14: Deweloper – financial results
Deweloper – financial results Revenues, recognition of result Operating result Value (million of PLN) Quantity EBIT (million) margin (%) 450 1400 400 52,9 350 1200 49,3 29% 308 287 19% 21% 300 1000 17% 41,4 40,8 254 12% 23% 22% 250 800 19% 161 1% 31,1 14% 200 11% 200 184 591 155 622 600 573 150 490
Slide 15: Sales dynamics
Sales dynamics Contraction and offer Offer (number of premises offered for sale) Contraction (premises sold by agreements) 811 738 746 713 715 714 713 667 667 649 609 480 565 569 445 490 430 346 382 289 185 341 260 275 238 161 238 141 143 189 194 127 189 162 105 136 93 86 87 79 83 79 148 68 73 70 65
Slide 16: @ dekpol
@ dekpol oe rl ERG a ok CE
Slide 17: iL ft
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Slide 20: Diversified offer
Diversified offer 649 apartments in offer % of sales of apartments from the offer – as at 30.09.2023 premises contracted premises in offer Osiedle Pastelowe stage IIa 100% 225 0 225 Trimare stage I 35% 66 123 189 Pucka Bay Eco Milan 99% 187 1 188 Osiedle Kociewskie stage III 1% 2 139 141 Sol Marina
Slide 21: Pipeline of investments 2022-2027
Pipeline of investments 2022-2027 Favorable timing of planned implementations 2022 2023 2024 2025 2026 2027 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Osiedle Pastelowe etap 225 Neo Jasień etap I 104 Baltic Porto 72 Osiedle Kociewskie etap 129 Baltic Line 60 Trimare etap
Slide 22: Financial results
2Q 2022 Financial results Financial results 2Q 2023
Slide 23: Revenues – three segments
Revenues – three segments Revenues (million of PLN) Pozostale STEEL BUDOWNICTWO DEWELOPER 1387 1321 1256 184 226 1021 254 837 287 527 772 161 155 1 001 134 389 579 913 363 850 314 321 299 278 16 108 200 256 21 271 654 39 52 552 195 44 51 259 487 29 351 301 48 216 243 242 36 293 194 190 170 200 115 2
Slide 24: Operating result – three segments
Operating result – three segments EBIT (million of PLN) 120 115,3 113 STEEL BUDOWNICTWO DEWELOPER Pozostale 1 81 41 53 49 71 51 42 42 48 17 52 11,9 35 12 13 19 24 31 28 30 72 26 18 50 21 2 12,8 10 67 10 1 11 22 45 15 13 4 36 30 6 19 8 10 23 14 17 22 20 17 11 11 21 8 9 3 4 2 4 4 7 2 8 11 13 10 -4,0 -
Slide 25: Consolidated net result
Consolidated net result Net profit (million of PLN) zysk netto znormalizowany zdarzenia jednorazowe i efekty bilansowe 79 79 76 7,1 +20,3 one-off 53 51 39,5 30,0 +24 20,0 one-off 72 72 22,5 19,4 56 9,3 16,7 13,9 7,1 12,4 30,0 7,0 9,6 7,5 27 19,4 19,5 16,7 13,9 15,4 12,4 9,6 7,5 9,3 1Q21 2Q21 3Q21 4Q
Slide 26: Cash flow
Cash flow Cash Flow Statement in 1H 2023 – selected items (million of PLN) Cash as at 31.12.22 229,5 Gross profit 34,3 Change of inventories 54,2 Change of receivables 64,3 Change of liabilities 49,8 Cash flow from operating activities, other 18,8 Expenses for investments 2,8 Inflows from issue of b
Slide 27: Stable financial position
Stable financial position Net debt (million of PLN) at the end of period and ND / EBITDA ttm Bonds – term structure 30.06.2023 (million of PLN) Net debt (million of PLN) Net debt/EBITDA DSA Budownictwo Deweleper 300 6 72,1 250 250 5 214 60,2 209 213 202 200 180 4 50,0 10,0 35,0 141 40,0 150 3 121 97
Slide 28: Summary
2Q 2022 Summary Financial results 2Q 2023
Slide 29: Financial ratios
Financial ratios Revenues EBITDA Net profit Market valuation (million of PLN) (million of PLN) (million of PLN) (09.10.2023) 1 386 1 321 Share price 38,00 PLN 1 245 135 79 78 133 76 125 7 Number of shares 8,4 mln 7 20 Capitalization 318,6 mln PLN Net debt 120,6 mln PLN 71,8 71 55,7 C/Z 4,0 (normaliz
Slide 30: Thank you
Dziękujemy za uwagę Thank you 30
Slide 31: Contact
Contact Our service of investor relations Investor relations: Financial information: Agata.Dzieciolowska@ccgroup.pl https://dekpol.pl/informacje-finansowe/ Financial communication: Current reports: Katarzyna.Sadowska@ccgroup.pl https://dekpol.pl/raporty-biezace/ Periodical reports: https://dekpol.pl