Slide 1: Financial results FY 2022
Financial results FY 2022 Investor presentation May 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: Dekpol Group
Dekpol Group • specialization in construction of logistics, industrial and cubature facilities • short- and medium-term contracts (execution time 6 - 9 months) • flexibility provided by own resources: machinery Michał Skowron park, construction teams, prefabricates within the President of capital gr
Slide 4: Dekpol Group
Dekpol Group Gdańsk Lubawa Pinczyn Działdowo Toruń Poznań 4
Slide 5: Financial results
@ dekpol Financial results
Slide 6: Revenues – three segments
Revenues – three segments Revenues Revenues (million of PLN) (million of PLN) STEEL BUDOWNICTWO DEWELOPER Pozostale 527 1387 1256 184 134 389 1021 254 363 322 309 314 321 837 16 108 772 287 278 21 30 256 39 161 219 579 155 1 001 205 131 195 44 29 351 850 57 69 48 243 301 200 249 216 242 654 194 259
Slide 7: Operating results – three segments
Operating results – three segments EBIT EBIT (million of PLN) (mln PLN) 120 STEEL BUDOWNICTWO DEWELOPER Pozostale 113 51 42 81 41 49 71 35 42 33 48 31 52 24 15 26 21 18 21 2 12 13 23 15 19 30 72 11 10 1 13 22 50 1 6 10 8 19 45 7 4 36 30 14 17 22 17 11 20 23 8 11 10 8 11 21 4 4 4 7 8 11 13 10 2 2 1 1
Slide 8: Consolidated net result
Consolidated net result Net profit Net profit (million of PLN) (million of PLN) zysk netto znormalizowany zdarzenia jednorazowe i efekty bilansowe 39,5 79 76 +7 16,3 one-offf 30,0 +20,3 znormalizowy one-off 20 zysk netto 25,2 51 53 22,5 19,4 +7 +24 9,3 one-off 13,9 one-off 72 12,4 30,0 11,1 56 7 8,1
Slide 9: Cash flows
Cash flows Cash flow account FY 2022 – selected items (million of PLN) Operating cash flow: Cash as at 31.12.21 190,6 higher inventory due to unrecognized revenues from sales of Gross profit +97,9 apartments Change of inventories -133,3 Change of receivables +167,0 Lower trade receivables - the resu
Slide 10: Stable financial position
Stable financial position Net debt (million of PLN) at the end of the period and ND / EBITDA ttm Bonds – maturity structure (million of PLN) 00 6 Net debt (million of PLN) Net debt/EBITDA DSA Budownictwo Deweleper 250 50 242 5 217 219 72,1 209 213 214 202 00 182 180 4 60,2 4,1 173 50,0 10,0 35,0 50
Slide 11: Prefabricates, Steel, Deweloper, Budownictwo
Prefabricates Steel Deweloper Budownictwo
Slide 12: Prefabricates
Prefabricates Acquisition of 100% of shares in „Kombet Działdowo” Sp. z o. o. headquartered in Komorniki on August 5, 2022. KOMBET Production and sales of concrete and reinforced concrete products for industrial, infrastructure, and residential industry. M&A transaction was financed, Betpref Kombet
Slide 13: Prefabricates, Steel, Deweloper, Budownictwo
Prefabricates Steel Deweloper Budownictwo
Slide 14: Financial results
Financial results Revenues Operating results (million of PLN) (million of PLN) EBIT (million) margin (%) After record revenues for H1 157,4 decrease of orders since June 2022 12,6 11,4 120,4 11,0% 14,0% 12,6% 9,8 7,4% 10,0% 9,3% 7,3% 90,7 80,2 12,7% 10,5% 6,2% 6,6 5,8 52,3 4,2 4,3 46,0 36,1 3,5 30,0
Slide 15: Outlook for 2023+
Outlook for 2023+ Significant growth in orders since Q3 2020 : acquisition of new clients (Hitachi, CNH, Steelwirst), Development of cooperation with new (e.g..: CASE) as well as with existing partners (e.g.: Caterpillar). A volatile steel market - Ukraine accounted for approximately 50%-60% of stee
Slide 16: Diversification of production – Intek plant
Diversification of production –Intek plant Utilization of the Intek plant for production of equipment beyond construction machinery sector (e.g., oversized trailers, offshore equipment 16
Slide 17: Prefabricates, Steel, Deweloper, Budownictwo
Prefabricates Steel Deweloper Budownictwo
Slide 18: Deweloper – financial results
Deweloper – financial results Revenues, recognition of profit Operating result Value (million of PLN) Quantity EBIT (million) margin (%) 450 1400 45% 400 1200 29% 49,3 350 308 22% 14% 287 17% 18% 41,4 40,8 300 1000 14% 17% 254 12% 12% 7% 22% 250 19% 161 800 1% 31,1 11% 14% 200 200 184 591 155 622 60
Slide 19: Sales dynamics
Sales dynamics Contracting and offering Offer (number of units offered for sale) Contracting (units sold by agreements) 811 185 738 746 713 715 714 667 713 143 480 667 141 565 127 569 445 490 93 346 86 87 83 430 79 289 79 382 260 73 70 341 68 238 65 275 238 194 189 189 136 162 148 27 26 115 22 1Q19
Slide 20: Diversified offer
Diversified offer % of apartments sold from the offer – as at 31.03.2023 contracted apartments apartments in offer 714 apartments in sales Osiedle Pastelowe stage IIa 95% 214 11 225 offer Trimare stage I 22% 41 148 189 Eco Milan 99% 187 1 188 Pucka Bay Sol Marina stage III 11% 16 124 140 Nowe Rokitk
Slide 21: Investment pipeline 2022-2025
Investment pipeline 2022-2025 favorable timing of planned implementations 2022 2023 2024 2025 2026 2027 Liczba Nazwa inwestycji 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q lokali Neo Jasień etap I 104 zakończone Neo Jasień etap I zakończone 104 Osiedle Pastelowe etap IIa
Slide 22: Prefabricates, Steel, Deweloper, Budownictwo
Prefabricates Steel Deweloper Budownictwo
Slide 23: Financial results
Financial results Revenues* (million of PLN) Operating result EBIT (million) margin (%) +52% 1 002 71,6 850 high level of revenues - PLN 1 billion 7,9% 7,3% 49,6 7,1% for the last 12 months 654 6,8% 7,0% 6,6% 45,3 5,7% 6,1% 6,9% 487 5,0% 5,0% 29,7 5,8% 351 301 21,9 19,3 19,6 243 242 17,5 194 190 216
Slide 24: Competitive Advantages as a Lever for Development
Competitive Advantages as a Lever for Development +52% • Accessible, Expert, and Attractive Service Offer - Exploring the Local Market • The focus on providing a high level of service is the core that builds a unique identity of a customer- friendly brand • A versatile human capital prepared to unde
Slide 25: # We Construct For Best Ones
# We Construct For Best Ones Extension of the Danfoss plant, prize „Fabryka Roku” for climate neutrality Execution term: 2020-2021 Final of MIPIM Awards 2023 in Cannes Construction of 6 buildings: office building, technical building, production hall, warehouse hall, pump station, and storage shed. S
Slide 26: # We Construct For Best Ones
# We Construct For Best Ones Warehouse hall with a service-office-social premises in Swadzim Execution term: 2022 – 2024 BIMS PLUS FHH Sp. z o.o. Poznań Sp.k. Usable floor area of the mail building: approx. 47 thousands of m2 Sustainable construction: • Green roof of an area of approx. 145 m2 • Grou
Slide 27: # We Construct For Best Ones
# We Construct For Best Ones Arctowski Polish Antarctic Station Investor: Institute of Biochemistry and Biophysics of Polish Academy of Sciences It is located on the coast of Admiralty Bay, on King George Island in Western Antarctica. Works include the construction of a floating equipment hall, a ga
Slide 28: Outlook for 2023+
Outlook for 2023+ Strong ordering portfolio Structure of GC projects (as at 31.12.2022) Contracting (million of PLN) Net value of contracts (million of PLN) Remained for execution (million of PLN) 1404 Other Trading 1305 1321 1315 1% 1250 7% 1204 1034 875 910 910 Logistics 51% 800 750 574 573 450 45
Slide 29: Summary
@ dekpol Summary
Slide 30: Financial ratios
Financial ratios Revenues EBITDA Net profit Market pricing (million of PLN) (million of PLN) (million of PLN) (10.05.2023) 1387 78,8 1256 135,6 75,7 Share price 36,50 PLN 125,0 7 Number of shares 8,4 mln 20 Capitalization 306 mln PLN Net debt 97 mln PLN 71,8 55,7 C/Z 3,9 (normalized C/Z) (4,3) EV/EB
Slide 31: Outlook for 2023+
Outlook for 2023+ BUDOWNICTWO DEWELOPER STEEL • Short project life cycle strategy (6-10 months) • diversified investments, including cash clients • Diversification of the order portfolio tailored to market • Modification of the ordering portfolio to increase • Implementation of investments by compan
Slide 32: Thank you for your attention
Thank you for your attention
Slide 33: Investor's schedule Contact
Our investor relations service Investor’s schedule Financial information: https://dekpol.pl/informacje-finansowe/ April 24, 2023 Separate financial statement for 2022 Current reports: https://dekpol.pl/raporty-biezace/ April 24, 2023 Consolidated financial statement for 2022 Periodical reports https