Slide 1: Financial results in 2023
FY 2023 Financial results in 2023 Investor Presentation May 2024
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: Dekpol Group
Dekpol Group Gdańsk Pinczyn Lubawa Działdowo Group’s headquarter Toruń Budownictwo Deweloper Steel Betpref 3 Grupa Dekpol Poznań Wyniki finansowe FY 2022
Slide 4: Dekpol Group
Dekpol Group Dekpol Budownictwo sp. z o.o. • specialization in construction of cubature facilities (including logistics and industrial) • short- and medium-term contracts (execution time 6 - 9 months) • flexibility provided by own resources: machinery park, construction teams, prefabricates within t
Slide 5: Agenda
Agenda FY 2023 Budownictwo Deweloper Steel Financial results Summary 5 Dekpol Capital Group
Slide 6: Budownictwo – financial results
Budownictwo – financial results Revenues* (million of PLN) Operating result +52% EBIT (million) margin (%) 1 073 1 002 82,8 71,6 850 9,2% 8,3% 7,9% 654 7,3% 7,2% 6,6% 49,6 6,1% 45,3 7,7% 5,2% 487 6,9% 7,1% 5,0% 31,5 5,8% 343 360 29,7 301 25,9 243 242 21,9 216 19,3 19,6 200 16,5 170 10,7 8,9 1Q22 2Q2
Slide 7: Budownictwo – competitive advantages enable to fulfill the Company with orders
Budownictwo – competitive advantages enable to fulfill the Company with orders +52% • accessible, expert and attractive services - market exploration at local level • focus on a high level of service is the core that builds a unique Customer-friendly brand identity • comprehensive human capital prep
Slide 8: Budownictwo – outlook for 2024+
Budownictwo – outlook for 2024+ Strong ordering portfolio GW projects structure (as at 31.12.2023) Contracting (million of PLN) Other Net value of contracts (million of PLN) Remained for execution (million of PLN) 7% 1616 1507 1538 1532 Trade 1404 1305 1321 1315 16% 1250 1204 910 910 885 Logistics 8
Slide 9: Budownictwo – goals for 2024+
Budownictwo – goals for 2024+ +52% • maintaining the trend of increasing financial results; • development of new markets, both geographically and in terms of subject matter; • raising of the level of organizational excellence by, e.g.: • implementation of a process map for the entire organization •
Slide 10: Budownictwo Deweloper Steel
Budownictwo Deweloper Steel Financial results Summary
Slide 11: Deweloper – financial results
Deweloper – financial results Revenues, recognition in result Operating result Value (million of PLN) Quantity EBIT (million) margin (%) 450 400 1400 400 71,2 350 1200 321 29% 25% 287 21% 21% 22% 22% 300 1000 17% 19% 19% 254 14% 12% 11% 49,3 250 800 161 1% 41,4 40,8 200 200 184 591 155 622 600 573 3
Slide 12: Deweloper – sales dynamics
Deweloper – sales dynamics Contracting and the offer Offer (number of apartmentsoffered for sale) Contracting (apartments sold by agreements) Cel 2024: 650 lokali 811 738 746 740 713 715 714 740 713 667 667 649 625 609 650 565 569 445 480 490 472 346 382 289 185 341 260 161 275 141 238 238 143 189 1
Slide 13: Deweloper – diversified offer
Deweloper – diversified offer % of sales of apartments form the offer – as of 31.03.2024 625 lokali w ofercie na koniec 1Q 2024 Trimare etap I 37% 69 120 189 Puck Bay Eco Milan 99% 187 1 188 Osiedle Kociewskie Etap III 36% 51 90 141 Sol Marina etap III 50% 70 70 140 Grano Marina Hotel 69% 88 40 128
Slide 14: Deweloper – investment pipeline for 2023-2027
Deweloper – investment pipeline for 2023-2027 favorable timing of planned implementations 2023 2024 2025 2026 2027 2029 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q zakończone 60 zakończone 189 zakończone 128 zakończone 1 zakończone 127 zakończone 393 zakończone 125 w budowie start
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Slide 21: Budownictwo Deweloper Steel
Budownictwo Deweloper Steel Financial results Summary
Slide 22: Steel – financial results
Steel – financial results Revenues Operating result (million of PLN) (million of PLN) 157,4 12,6 139,6 11,4 Gradual rebuilding of orders suspended after EBIT (million) margin (%) the outbreak of the war in 2022 120,4 12,6% 12,7% 9,8 9,3% 6,7% 10,5% 2,9% 7,3% 6,2% 2,2% 90,7 6,6 80,2 5,8 4,3 52,3 3,0
Slide 23: Steel – outlook for 2024+
Steel – outlook for 2024+ • Management Board strengthened by new CEO – Mr. Wojciech Baszkowski • from 2H 2023, implementation of a programme aimed at the profitability of the company in a period of lower sales: • optimization of fixed costs • optimization of working capital - e.g. reduction of inven
Slide 24: Budownictwo Deweloper Steel
Budownictwo Deweloper Steel Financial results Summary 25
Slide 25: Revenues – three segments
Revenues – three segments Revenues (million of PLN) 1569 Pozostale STEEL BUDOWNICTWO DEWELOPER 1387 320 1256 184 1021 254 496 503 837 287 772 389 105 112 161 363 155 1 001 1 073 579 314 321 16 108 299 850 21 271 39 200 52 654 51 552 487 343 360 259 243 301 216 242 200 36 170 293 203 157 140 46 52 52
Slide 26: Operating result – three segments
Operating result – three segments EBIT (million of PLN) 116 STEEL BUDOWNICTWO DEWELOPER Pozostale 120 81 113 38 39 42 41 71 48 71 49 22 35 28 52 42 31 17 28 12 13 24 30 72 83 12,8 22 50 2 19 10 11 4 36 30 45 1 23 6 21 19 31 3 6 8 11 6 13 10 3 10 -6 -11 -4 -2 26 -12 11 22 20 17 -41 9 4 7 -1 0 1 2 0 -
Slide 27: Consolidated net result
Consolidated net result Net profit (million of PLN) 90 zysk netto znormalizowany zdarzenia jednorazowe i efekty bilansowe 79 76 +7,1 one-off +20,3 one-off 32,4 30,0 30,0 53 51 22,5 +24 +7,1 one-off 72 one-off 16,7 13,9 56 12,4 9,6 27 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 2019 2020 2021 2022 2023 •
Slide 28: Dekpol Group – stabile financial position
Dekpol Group – stabile financial position Net debt (million of PLN) at the end of period and ND / EBITDA ttm Bonds – maturity structure as of 31.12.2023 (million of PLN) Net debt (million of PLN) Net debt/EBITDA DSA Budownictwo Deweleper 300 6 250 78,1 250 5 72,1 209 213 214 202 200 4 60,2 180 10,0
Slide 29: Summary
@ dekpol FY 2023 Summary
Slide 30: Developing business area – Betpref i Kombet
Developing business area – Betpref i Kombet Production of steel structures and prefabricated concrete elements • manufacturing of steel structures and prefabricated concrete elements, mainly for needs of general contracting segment, but also for the domestic and EU markets. • manufacturing of high q
Slide 31: Summary
Summary Revenues EBITDA Net profit (million of PLN) (million of PLN) (million of PLN) 1 569 135 90 132 1 386 125 79 76 1 245 7 20 90 71,8 55,7 2021 2022 2023 2021 2022 2023 2021 2022 2023 • Solid results, despite difficult environment translates into maintenance of 12-month EBITDA ratio • Revenues i
Slide 32: Contact
Contact Our investor relations service 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/r
Slide 33: Thank you for your attention
Thank you for your attention 34