Slide 1: TORPOL Group – Summary of the year 2022
Conference of the Management Board of TORPOL S.A. TORPOL Group – Summary of the year 2022 13 March 2023
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) is to provide information on the company Torpol SA with its office in Poznań (the Company) and TORPOL Capital Group (Torpol Group). This Presentation is for information purposes only and does not constitute or contain an offer to sell or invitation to subs
Slide 3: Agenda
Agenda TORPOL Group after 2022 4 Financial results 8 Backlog of orders 11 Investment plan for 2023 12 Torpol Oil & Gas 13 Challenges, current objectives and prospects 14 Appendices 15 3 | www.torpol.pl
Slide 4: TORPOL Group after 2022
TORPOL Group after 2022 1 084.8 984.3 244.8 492.8 MN PLN MN PLN MN PLN MN PLN NET SALES REVENUE BACKLOG (NET) EBITDA in CASH (+14,1% ytd) (-3,3% yoy) (+92,3% yoy) 259.3 221.1 220.6 183.9 MN PLN MN PLN MN PLN MN PLN GROSS PROFIT PROFIT OPERATING NET PROFIT ON SALES ON SLAES PROFIT (+138,5% yoy) (+78,
Slide 5: Summary of the overall situation of Group
Summary of the overall situation of Group Impact on financial performance The Group's operations and financial performance were significantly impacted by contracts completed or nearing completion in 2022 above the original budgets. Stable financial and liquidity situation Cash level of approximately
Slide 6: Summary of the overall situation of Group
Summary of the overall situation of Group High activity level of the Company In 2022, the Company has submitted 28 bids in proceedings with a total estimated value of approximately PLN 18.4 billion excl. VAT, 19 of which had been conducted by PKP PLK, with a total value of approx. PLN 17,2 BN net. T
Slide 7: Summary of the overall situation of Group
Summary of the overall situation of Group The impact of the war in Ukraine and economic sanctions As a result of the war effort and the sanctions implemented, the market is experiencing above-average, unpredictable increases in the price of basic materials and raw materials and their transportation,
Slide 8: The financial situation
The financial situation Consolidated income statement Change in Data in PLN thousand Y2022 Y2021 %/pp Sales revenue 1 084 818 1 121 424 -3,3% Despite a slight decrease in net sales revenue Cost of sales 825 496 975 965 -15,4% y-o-y, there was a clear increase in profits at Gross profit on sales 25
Slide 9: The financial situation
The financial situation Consolidated income statement Data in PLN thousand 31/12/2022 31/12/2021 Change in %/pp In 2022, the Group's balance sheet total reached PLN 1,028.5 million (+7.2% year-on-year), mainly as a result of Balance sheet total 1 028 472 958 957 +7,2% the settlement of a significa
Slide 10: The financial situation
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand Y2022 Y2021 Change The positive cash level is a consequence of a stable working capital cycle. Net cash flows from operating activity 171 863 134 434 37 429 The company consistently keeps i
Slide 11: Current backlog
Current backlog BACKLOG (NET VALUE) 2019 2020 2021 2022 2023 2024 56.83 MN PLN *Zad. 2 Stacja Świnoujście 16.93 MN PLN *Zad. 1 Stacja Szczecin Port Centralny 23.98 MN PLN DK 61 Legionowo – Zegrze Pd 5.11 MN PLN Koksownia Wałbrzych 14.1 MN PLN PKM Gdańsk 57.46 MN PLN Zaleskie Łęgi Szczecin 77.26 MN P
Slide 12: Investment plan
Investment plan The investment plan for 2023 and the summary of investments in 2022 The Group made investments of PLN 31.2 million in 2022. The most significant investments realised in 2022 included the purchase/leasing of specialised machinery Investments for 2023 (in PLN MN) and equipment totallin
Slide 13: TORPOL OIL&GAS
TORPOL OIL&GAS TOG carries out orders mainly for Grupa ORLEN S.A., but also for Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., and Gas Transmission Operator (OGP) GAZ-SYSTEM S.A. During the reporting period, the TOG subsidiary participated in 53 proceedings with a total potential value of PLN 1,122.1
Slide 14: Challenges and current objectives
Challenges and current objectives High quality of construction projects implemetation and their timely delivery. Monitoring of the financial conditions of subcontractors. Maintaining the Group's stable financial and liquidity position, access to guarantee limits. Ongoing monitoring of the situation
Slide 15: Appendices
torpo) APPENDICES
Slide 16: Consolidated financial indicators
Consolidated financial indicators 2,28 1,85 1,52 1,14 0,70 0,60 0,58 0,40 0,49 0,30 0,12 0,12 -1,62 -2,46 equity to assets ratio equity to fixed assets debt ratio debt to equity short-term indebtedness long-term indebtedness net financial debt to ratio EBIDTA 31.12.2021 31.12.2022 16 | www.torpol.pl
Slide 17: Profitability ratios for TORPOL Group
Profitability ratios for TORPOL Group 52,55% 28,41% 23,90% 22,57% 20,38% 20,33% 18,50% 16,95% 12,97% 11,36% 9,51% 9,38% 6,88% 7,70% Gross sales margin Profit margin on sales EBIDTA margin EBIT margin Net margin ROA ROE 31.12.2021 31.12.2022 The profitability ratios reported confirm the Group's very
Slide 18: Shareholder structure
Shareholder structure (based on notifications received) 10 March 2023 Shareholder Number of shares (%) in capital 10,41% NN OFE TF Silesia sp. z o.o. 8 728 600 38.00% 8,79% 38,00% PKO TFI TF Silesia NN OFE 2 391 884 10.41% PKO TFI 2 019 209 8.79% Others 9 830 307 42.80% 42,80% Others TOTAL 22 970 00
Slide 19: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand Y2022 Structure % Y2021 Structure % Change Change in % Sales of services 1 082 481 99,8% 1 118 821 99,8% -36 340 -3,2% Revenues from sales of goods and products 2 337 0,2% 2 603 0,2% -266 -10,2% Sales revenues 1 084 818 100,0% 1 121 424
Slide 20: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 31/12/2022 Structure % 31/12/2021 Structure % Change Change in % Fixed assets 220 548 21,4% 256 010 26,7% -35 462 -13,9% Tangible fixed assets 98 628 9,6% 83 265 8,7% 15 363 18,5% Right-of-use assets 69 159 6,7% 77 980 8,1% -8 821 -11,3%
Slide 21: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group data in PLN thousand 31/12/2022 Structure % 31/12/2021 Structure % Change Change in % Equity 407 518 39,6% 292 159 30,5% 115 359 39,5% Share capital 4 594 0,4% 4 594 0,5% 0 0,0% Other reserve capital 162 333 15,7% 156 320 16,3% 6 013 3,8% Share premium 54 61
Slide 22: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand Y2022 Y2021 Change Data in PLN thousand Y2022 Y2021 Change Cash flows from investing activities Cash flows from operating activity Sale of fixed tangible assets and intangibles 755 823 -68 Total gross profit/loss 231 502 101 253 130 249
Slide 23: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand Y2022 Structure % Y2021 Structure % Change Change in % Sales of services 992 868 99,8% 1 029 127 99,8% -36 259 -3,5% Revenues from sales of goods and products 1 740 0,2% 1 932 0,2% -192 -9,9% Sales revenues 994 608 100,0% 1 031 059 100,0% -36 451 -3,5
Slide 24: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand 31/12/2022 Structure % 31/12/2021 Structure % Change Change in % Fixed assets 221 820 24,6% 259 077 27,6% -37 257 -14,4% Tangible fixed assets 97 095 10,8% 82 632 8,8% 14 463 17,5% Right-of-use assets 67 508 7,5% 76 938 8,2% -9 430 -12,3% Goodwill 9 0
Slide 25: Financial results of TORPOL
Financial results of TORPOL data in PLN thousand 31/12/2022 Structure % 31/12/2021 Structure % Change Change in % Equity 409 704 45,4% 294 830 31,4% 114 874 39,0% Share capital 4 594 0,5% 4 594 0,5% 0 0,0% Other reserve capital 162 333 18,0% 156 320 16,6% 6 013 3,8% Supplementary capital 54 617 6,0%
Slide 26: Financial results of TORPOL
Financial results of TORPOL Data in PLN thousand Y2022 Y2021 Change Data in PLN thousand Y2022 Y2021 Change Cash flows from investing activities Cash flows from operating activity Sale of fixed tangible assets and intangibles 755 822 -67 Gross profit 230 683 99 412 131 271 Purchase of fixed tangible
Slide 27: TORPOL S.A. Investor Relations Office
TORPOL S.A. ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl Investor Relations Office Łukasz Sychowski Director of Social Communication Office tel. +48 61 87 82 793 fax +48 61 87 82 790 l.sychowski@torpol.pl | ri@torpol.pl 27 | www.torpol.pl