Polimex - Mostostal Sa · GPW:PXM
Polimex - Mostostal Sa — FY2023 Earnings Presentation
35 slides from Polimex - Mostostal Sa's earnings presentation, April 2024
Slide 1: Polimex Mostostal Capital Group 2023 Financial Results
POLIMEX MOSTOSTAL CAPITAL GROUP 2023 FINANCIAL RESULTS
Slide 2: We Build the Future
WE BUILD THE FUTURE April 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 Polimex Mostostal Capital 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 Polimex Mostostal Capital 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: 5,000 people
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% April 2024 WWW.POLIMEX-MOSTOSTAL.PL 5
Slide 7: 2023 Summary
Polimex Mostostal Capital Group 2023 Summary ▪ PLN 3,014 million revenues from sales in 2023 – compared to PLN 3,784 million in 2022 ▪ Order portfolio of PLN 9.0 billion – a record portfolio in recent years (more info slides 17 and 18). Including projects signed since the beginning of 2024 worth PLN
Slide 8: Selected ongoing projects
Selected ongoing projects DOLNA ODRA PROJECT April 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: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 8
Slide 10: Dolna Odra (power segment project)
Strategic projects: Dolna Odra (power segment project) Lower Oder Two new gas-steam units at PGE GiEK S.A. Dolna Odra Branch ▪ Total contract value: PLN 3,664 M net Contractors: April 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 Contractors: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 10
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: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 11
Slide 13: 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: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 12
Slide 14: 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: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 13
Slide 15: 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: April 2024 WWW.
Slide 16: 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: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 15
Slide 17: 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: April 2024 WWW.POLIMEX-MOSTOSTAL.PL 16
Slide 18: Order portfolio (in PLN billion)
Polimex Mostostal Capital Group order portfolio (in PLN billion) 9.0 5.3 5.3 5.2 4.0 2019 2020 2021 2022 2023 DECEMBER DECEMBER DECEMBER DECEMBER DECEMBER Order portfolio after completion in 2023 in PLN million POWER OIL, CHEMICALS PRODUCTION OTHER AND GAS 3,362 4,114 566 987 April 2024 WWW.POLIMEX-
Slide 19: Order portfolio structure (in PLN million)
Polimex Mostostal Capital Group order portfolio Structure (in PLN million) Contract portfolio 2019-2023 10 000 9 000 Power 8 000 Production 7 000 Oil, chemicals and gas 6 000 Industrial construction 5 000 Infrastructure construction 4 000 3 000 2 000 2019 2020 2021 2022 2023 ▪ The GK.PXM Portfolio w
Slide 20: New projects from 01.01.2023
New projects from 01.01.2023. net amounts in PLN shown as share of Polimex Mostostal Capital Group ▪ Multi-discipline works within EPC Package K-003; development of the Olefiny III oil complex (value: PLN 3.43 billion) Employer: Orlen S.A. (Poland) ▪ Construction of 882 MW gas-steam unit in Rybnik a
Slide 21: New projects from 01.01.2023
New projects from 01.01.2023. net amounts in PLN shown as share of Polimex Mostostal Capital Group ▪ Reconstruction of a section of DW 218 - ul. Kielnieńska from the S6 bypass to the railway viaduct at the junction of the Trójmiasto Bypass and the Metropolitan Bypass Stage I (value: PLN 51.6 M, Empl
Slide 22: New projects from 01.01.2023
New projects from 01.01.2023. net amounts in PLN shown as share of Polimex Mostostal Capital Group ▪ Construction of a road to project areas in Golina (value: PLN 22.4 M, Employer: Jarocin Municipality (Poland) ▪ Prefabrication, assembly and disassembly of pipelines. Replacement of equipment and fit
Slide 23: Value of currently tendered projects in companies (gross)
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 Estimated Share per Estimated Share per Estimated Share per value company value company value company value c
Slide 24: Selected financial data
Selected financial data 2023 April 2024 WWW.POLIMEX-MOSTOSTAL.PL 23
Slide 25: Selected financial data (PLN million)
2023 financial results of the Polimex Mostostal Capital Group Selected financial data (PLN million) Polimex Mostostal Capital Group 4 000 3 784 200 250 150 131 167 207 -20% -170% 200 -135% -194% 3 500 150 100 3 014 3 000 100 150 50 2 500 50 100 0 2 000 0 50 -50 1 500 -50 0 1 000 -100 -50 -100 -117 -
Slide 26: Selected results of the segments
2023 financial results of the Polimex Mostostal Capital Group Selected results of the segments (in PLN million] GK.PxM revenues EBITDA GK.PxM GK.PxM revenues Segments Segments National/international 4 000 5 181 250 3 4 000 10 NOTE 3 500 200 28 3 500 ▪ The highest sales revenues were 387 734 8 215 ac
Slide 27: Selected results of the dominant segments 2019-2023
2023 financial results of the Polimex Mostostal Capital Group Selected results of the dominant segments 2019-2023 (in PLN million) EBITDA margins by segment in 2019-2023 19% 9% 9% 14% 14% Power 5% 8% 5% 11% Oil, chemicals and 7% 9% gas 8% 9% Production 6% 4% 6% 5% 0% -1% 2019 2020 2021 2022 2023 -6%
Slide 28: Financial flows and debt (in PLN million)
2023 financial results of the Polimex Mostostal Capital Group Financial flows and debt (in PLN million) Net cash flow** Net debt* to LTM EBITDA 0 500% 0 1Q 2023 1H 2023 3Q 2023 2023 1Q 2023 r. 1H 2023 r. 3Q 2023 r. 2023 r. 0 -100 400% -50 380% -200 300% -100 -300 200% -150 -400 100% -167 -500 -470 -
Slide 29: Naftoremont-Naftobudowa recognised by TotalEnergies
Naftoremont-Naftobudowa sp. z o.o., a Polimex Mostostal Group company, was doubly recognised by TotalEnergies and ranked: 1.1. place “Categorie TA big B/C > 20.000 uren” – Turn Around (plant renovation as part of a planned shutdown), and 2. place “Categorie medium B/C – 25.000-50.000 uren” – Tank Ma
Slide 30: Domestic market – Our customers and partners
Domestic market – Our customers and partners Customers Partners April 2024 WWW.POLIMEX-MOSTOSTAL.PL 29
Slide 31: International projects – Our Customers
International projects – Our Customers April 2024 WWW.POLIMEX-MOSTOSTAL.PL 30
Slide 32: International projects – Our Partners
International projects – Our Partners April 2024 WWW.POLIMEX-MOSTOSTAL.PL 31
Slide 33: Leader in Technical Safety
LEADER IN TECHNICAL SAFETY April 2024 WWW.POLIMEX-MOSTOSTAL.PL 32
Slide 34: 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 35: Contact
CONTACT Polimex Mostostal S.A. al. Jana Pawła II 12 00-124 Warszawa Phone +48 22,829 71 00 www.polimex-mostostal.pl www.polimex-mostostal.pl April 2024 WWW.POLIMEX-MOSTOSTAL.PL 34