Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q2 2014 Earnings Presentation
14 slides from Grupa Kety Sa's earnings presentation, 2014
Slide 1: Presentation of Financial Results of the 2nd Quarter 2014
PREZENTATION OF FINANCIAL RESULTS OF THE 2nd QUARTER 2014 ADAM PIELA MANAGEMENT BOARD MEMBER & CFO 1
Slide 2: Record Breaking Revenues, Record Breaking Profits
RECORD BREAKING REVENUES, RECORD BREAKING PROFITS 26% increase in sales on the domestic market More than 80% increase in consolidated operating profit and EBITDA growth of over 50% For the first time consolidated net profit of a quarter exceeded PLN 50 million PLN 61 million cash flow from operating
Slide 3: Sales Growth in All Business Segments
SALES GROWTH IN ALL BUSINESS SEGMENTS Extruded Products Segment Aluminium Systems Segment Flexible Packaging Segment an incease by 12% y/y an increase by 5% y/y 200 200 an increase by 20% y/y 120 183,4 175,7 175,4 150 150 90 156,2 164,7 162,5 165,2 168,5 94,9 96,3 101,7 92,1 140,1 87,3 135,7 100 100
Slide 4: Extruded Products Segment - domestic market as a growth accelerator
EXTRUDED PRODUCTS SEGMENT - domestic market as a growth „accelerator" Industrial production y/y (Poland) Q2_2014 Q2_2013 change 2Q_2014 2Q_2013 change Sales 175,7 156,2 12% 338,1 283,3 19% Domestic 114,3 87,6 30% 210,7 165,5 27% Exportt 61,4 68,6 -10% 127,5 117,8 8% Source: Bankier.pl Industrial pro
Slide 5: Aluminium Systems Segment - another quarter of growth
ALUMINIUM SYSTEMS SEGMENT - another quarter of growth Construction- assembly production y/y (Poland) Q2_2014 Q2_2013 change 2Q_2014 2Q_2013 change Sales 168,5 140,1 20% 304,2 246,2 24% Domestic 109,7 87,0 26% 197,5 160,4 23% Exportt 58,9 53,1 11% 106,7 85,8 24% Source: Bankier.pl • A significant inc
Slide 6: Flexible Packaging Segment - sustained winning streak
FLEXIBLE PACKAGING SEGMENT - sustained winning streak Q2_2014 Q2_2013 change 2Q_2014 2Q_2013 change Sales 92,1 87,3 6% 193,8 180,6 7% Domestic 54,8 49,3 11% 116,2 106,2 9% Exportt 37,3 37,9 -2% 77,6 74,4 4% • As in other segments, the quarter driven by domestic sales. • The Ukrainian market caused t
Slide 7: Building Services Segment - still a tough market but without negative surprises
BUILDING SERVICES SEGMENT - still a tough market but without the negative surprises Climate indicator in construction (Poland) Q2_2014 Q2_2013 change 2Q_2014 2Q_2013 change Sales 37,0 20,6 80% 77,9 53,9 45% Domestic 23,3 12,3 89% 54,4 43,6 25% Exportt 13,7 8,3 66% 23,5 10,4 127% • Quarter revenues c
Slide 8: Construction Accessories Segment - in line with the assumptions
CONSTRUCTION ACCESSORIES SEGMENT – in line with the assumptions Q2_2014 Q2_2013 change 2Q_2014 2Q_2013 change Sales 11,6 9,6 21% 20,1 15,7 28% Domestic 8,2 6,8 21% 14,9 11,3 32% Exportt 3,4 2,8 19% 5,2 4,4 19% • In the domestic market comparable sales growth on both the external market and within th
Slide 9: Continuation of Very Good Results
CONTINUATION OF VERY GOOD RESULTS Consolidated EBIT and EBITDA Q2 2014 Q2 2013 2Q 2014 2Q 2013 Revenues 438,7 379,6 851,6 714,0 100 78,0 81,3 80 68,9 EBIT 61,1 33,1 109,5 58,7 57,5 61,1 60 53,4 49,4 48,4 Result on financial activity -2,2 -2,7 -10,3 -6,6 40 33,5 Interests -1,7 -2,6 -3,4 -4,3 28,4 Rev
Slide 10: Strong Operating Cash-Flow
STRONG OPERATING CASH-FLOW Working Capital 2Q_2013 3Q_2013 4Q_2013 1Q_2014 2Q_2014 500 Working Capital 413 427 427 434 453 Inventories 239 236 239 252 260 400 434 454 Receivables 318 358 326 349 362 413 427 427 300 Payables 143 166 138 166 169 200 WC turnover in days 98 85 90 95 93 100 0 2Q_2013 3Q_
Slide 11: Debt Under Control
DEBT UNDER CONTROL Bank loans • Declining levels of debt. 300 239,2 245,4 209,8 204,2 200 194,4 • Safe ratios of net debt / equity and net debt / EBITDA. 100 45,1 45,6 36,2 • The expected transient increase in debt due to the payment of 0 39,3 19,7 2Q_2013 3Q_2013 4Q_2013 1Q_2014 2Q_20142 dividend a
Slide 12: Increased Forecasts of the Year 2014
INCREASED FORECASTS OF THE YEAR 2014 Forecast Forecast Feb 2014 Aug 2014 change Revenues 1 735 1 780 +3% EBIT 166,6 225 +35% EBITDA 250,5 305 +22% Net profit 126,5 170 +34% CAPEX 143,2 130 12
Slide 13: Summary
SUMMARY EXCELLENT FIRST QUARTER STABLE OUTLOOK FOR THE SECOND HALF ALLOWED US TO THE INCREASE OF FORECASTS CONSISTENTLY IMPLEMENTING THE ANNOUNCED STRATEGY 13
Slide 14: Legal Note
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undert