Slide 1: Summary of 1H24 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Summary of 1H24 in the TORPOL Group 9 September 2024
Slide 2: Disclaimer
This presentation (Presentation) is to provide information on the company Torpol S.A. 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 subscribe for
Slide 3: Agenda
3 www.torpol.pl TORPOL Group key data for 1H24 Financial results Backlog of orders Investment plan for 2024 TORPOL OIL & GAS Challenges, current objectives and prospects Appendices torpo)
Slide 4: TORPOL Group key data for 1H24
ie 558-5 MN PLN NET SALES REVENUE (+30,9% yoy) ae 49.2 MN PLN GROSS PROFIT ON SALES ¢ 219 2/o Yoy) —— Ls 4.191 BLN PLN BACKLOG NET (+142% yoy) all 28.1 MN PLN PROFIT ON SALES (=31, 49/0 yoy) es 38.1 MN PLN EBITDA (+27° yap. ail VAN 25.8 MN PLN OPERATING PROFIT Co yoRy — 256.7 MN PLN in CASH (Paes pe
Slide 5: Financial results commentary 1H24
Despite a 30.9% year-on-year increase in net sales revenue in the first half of 2024, the Group recorded a decrease in operating profitability and gross profit on sales, mainly as a result of the completion of projects with higher average margins and their settlement by the end of 2023. The gross pr
Slide 6: Agreement with PKP PLK concluded 5 April 2024
On 5 April 2024, the Company concluded an agreement with PKP PLK as part of the proceedings for the section Katowice Szopienice Płd. – Katowice – Katowice Piotrowice (…)”. The price of the offer submitted by the consortium involving Intop Warszawa sp. z o.o. (consortium partner) in the tender is app
Slide 7: General Meeting profit distribution and dividend
On 24 June 2024, the Company's Ordinary General Meeting adopted a resolution on the distribution of profit generated by TORPOL, according to which the profit for the financial year 2023 in the amount of PLN 96.65 million was allocated to: • payment of a dividend to the value of PLN 48.47 million, i.
Slide 8: Consolidated income statement
Consolidated income statement Change in Data in PLN thousand 1H24 1H23 ▪ Despite a 30.9% y-o-y increase in net sales revenue %/pp in the first half of 2024, the Group recorded a Sales revenue 558 492 426 808 30,9% decrease in operating profitability and gross profit Cost of sales 509 338 365 373 39,
Slide 9: Consolidated balance sheet
Consolidated balance sheet Data in PLN thousand 30/06/2024 31/12/2023 Change in %/pp ▪ At the end of the reporting period, the Group's total assets amounted to PLN 979.9 million (down 13.7 per cent year-on-year), Balance sheet total 979 897 1 134 985 -13,7% mainly due to the settlement of a signific
Slide 10: Cash flows from operating, investing and financing activities
Cash flows from operating, investing and financing activities Data in PLN thousand 1H24 1H23 Change ▪ At the end of the reporting period, the balance of operating cash flow was negative at PLN -238.6 million (a significant decrease of Net cash flows from operating activity -238 642 -43 070 -195 572
Slide 11: Backlog (net value)
75.7 MN PLN 20.2 MN PLN 86.1 MN PLN 11.7 MN PLN 19.8 MN PLN 411.5 MN PLN 580.4 MN PLN 198.9 MN PLN 408.9 MN PLN 2,096.6 MN PLN 11 | www.torpol.pl 111.5 MN PLN – TOG BACKLOG (NET VALUE) 6.0 MN PLN – other by Torpol TOTAL: approx. PLN 4.19 BLN* * without the participation of consortium members 15.8 MN
Slide 12: The investment plan for 2024
The investment plan for 2024 In1H24, the Group made investments of PLN 21.9 MN. The Group plans to incur significant capital expenditure of approximately PLN 50.4 million in 2024. The Group's investment plan for 2024 mainly concerns the purchase of equipment and machinery for the modernisation of ra
Slide 13: TORPOL OIL & GAS (TOG) update
The Company has decided to withdraw from talks with Towarzystwo Finansowe ‘Silesia’ Sp. z o.o. [TFS] with regard to a possible transaction for the sale of shares in TOG, indicating that its intention remains to keep TOG within the structures of the Issuer's Group TOG mainly carries out orders for th
Slide 14: Challenges, current objectives and prospects
• Preserving a stable financial and liquidity position, above all in the form of a safety buffer to allow for smooth operations in the market in the difficult year 2024 and 2025 and under the expected intensification of construction works,including largescale, complex projects requiring significant
Slide 15: Appendices
torpo) APPENDICES
Slide 16: Balance sheet and debt ratios
2,22 2,02 1,23 1,01 0,50 0,55 0,50 0,46 0,45 0,41 0,09 0,10 -1,01 -3,12 equity to assets ratio equity to fixed assets debt ratio equity indebtedness short-term long-term net financial debt to ratio indebtedness indebtedness EBIDTA for the last 12 mths 31.12.2023 30.06.2024 16 | www.torpol.pl
Slide 17: Profitability indicators
14,39% 12,24% 9,60% 9,23% 8,80% 8,93% 8,94% 6,83% 5,03% 5,22% 4,62% 4,66% 3,97% 2,46% Gross sales margin Profit margin on EBIDTA margin EBIT margin Net margin ROA ROE sales 30.06.2023 30.06.2024 The decrease in the individual profitability indicators is a consequence of the change in the structure o
Slide 18: Consolidated income statement detail
Data in PLN thousand 1H24 Structure % 1H23 Structure % Change Change % Sales of services 558 326 100,0% 426 478 99,9% 131 848 30,9% Revenues from sales of goods and products 166 0,0% 330 0,1% -164 -49,7% Sales revenues 558 492 100,0% 426 808 100,0% 131 684 30,9% Cost of goods sold 509 338 91,2% 365
Slide 19: Consolidated balance sheet: assets
Data in PLN thousand 30/06/2024 Structure % 31/12/2023 Structure % Change Change in % Fixed assets 240 598 24,6% 228 982 20,2% 11 616 5,1% Tangible fixed assets 122 722 12,5% 111 956 9,9% 10 766 9,6% Right-of-use assets 59 146 6,0% 60 588 5,3% -1 442 -2,4% Goodwill 9 008 0,9% 9 008 0,8% 0 0,0% Intan
Slide 20: Consolidated balance sheet: equity and liabilities
Data in PLN thousand 30/06/2024 Structure % 31/12/2023 Structure % Change Change in % Equity 486 698 49,7% 509 152 44,9% -22 454 -4,4% Share capital 4 594 0,5% 4 594 0,4% 0 0,0% Other reserve capital 397 030 40,5% 345 078 30,4% 51 952 15,1% Share premium 54 617 5,6% 54 617 4,8% 0 0,0% Retained earni
Slide 21: Consolidated cash flow statement
Data in PLN thousand 1H24 1H23 Change Data in PLN thousand 1H24 1H23 Change Cash flows from operating activity Cash flows from investing activities Gross profit/loss 32 079 48 696 -16 617 Sale of fixed tangible assets and intangibles 207 396 374 Adjustments by items: -270 721 -91 766 -178 955 Purcha
Slide 22: Torpol S.A. income statement
Data in PLN thousand 1H24 Structure % 1H23 Structure % Change Change % Sales of services 484 262 100,0% 359 355 99,9% 124 907 34,8% Revenues from sales of goods and products 30 0,0% 324 0,1% -294 -90,7% Sales revenues 484 292 100,0% 359 679 100,0% 124 613 34,6% Cost of goods sold 441 623 91,2% 302 7
Slide 23: Torpol S.A. balance sheet: assets
Data in PLN thousand 30/06/2024 Structure % 31/12/2023 Structure % Change Change in % Fixed assets 240 387 25,2% 229 192 21,2% 11 195 4,9% Tangible fixed assets 120 145 12,6% 109 511 10,1% 10 634 9,7% Right-of-use assets 57 807 6,1% 59 463 5,5% -1 656 -2,8% Goodwill 9 008 0,9% 9 008 0,8% 0 0,0% Inta
Slide 24: Torpol S.A. balance sheet: equity and liabilities
Data in PLN thousand 30/06/2024 Structure % 31/12/2023 Structure % Change Change in % Equity 481 361 50,5% 505 969 46,9% -24 608 -4,9% Share capital 4 594 0,5% 4 594 0,4% 0 0,0% Other reserve capital 392 366 41,2% 344 983 32,0% 47 383 13,7% Share premium 54 617 5,7% 54 617 5,1% 0 0,0% Retained earni
Slide 25: Torpol S.A. cash flow statement
Data in PLN thousand 1H24 1H23 Change Data in PLN thousand 1H24 1H23 Change Cash flows from investing activity Cash flows from operating activity Sale of fixed tangible assets and intangibles 207 396 -189 Gross profit 29 227 47 645 -18 418 Acquisition of property, plant and equipment, Adjustments by
Slide 26: Contact details
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 ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl 26 | www.torpol.pl