Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q1 2015 Earnings Presentation
13 slides from Grupa Kety Sa's earnings presentation, 2015
Slide 1: Presentation of First Quarter 2015 Results
PRESENTATION OF FIRST QUARTER 2015 RESULTS DARIUSZ MAŃKO PRESIDENT & CEO ADAM PIELA BOARD MEMEBER & CFO 1
Slide 2: Very Good Year Opening
VERY GOOD YEAR OPENING Export again as a driving force of revenues - an increase of 25%. The increase in consolidated profit both at the operational level (+ 8%) and net (+ 14%). Recommendation of a dividend payment at a record level. Start of the the new strategy. 2
Slide 3: Macro Factors in the First Quarter 2015
MACRO FACTORS IN THE FIRST QUARTER 2015 Price of aluminium 3M on LME (in USD/t) EUR/PLN 2200 4,5 4,4 2000 4,3 4,2 1800 4,1 1600 4 Price of aluminium 3M in PLN/t USD/PLN 7500 4 7000 3,8 6500 3,6 6000 3,4 5500 3,2 5000 3 3
Slide 4: Extruded Products Segment – continued growth in sales in the domestic market
EXTRUDED PRODUCTS SEGMENT – continued growth in sales in the domestic market Extruded Products Segment Q1_2015 Q1_2014 change 250 Increase by 24% y/y Sales 201,8 162,5 24% 199,8 192,7 201,8 domestic 125,5 96,4 30% 200 175,7 162,5 export 76,2 66,1 15% 150 100 50 0 • In the domestic market optimism pr
Slide 5: Aluminium Systems Segment – maintained an upward trend
ALUMINIUM SYSTEMS SEGMENT – maintained an upward trend Aluminium Systems Segment Q1_2015 Q1_2014 change 250 Increase by 25% y/y Sales 170,2 135,7 25% 208,2 domestic 112,0 87,8 28% 200 185,0 170,2 168,5 export 58,2 47,9 22% 150 135,7 100 50 0 1Q_2014 2Q_2014 3Q_2014 4Q_2014 1Q_2015 • The impressive g
Slide 6: Flexible Packaging Segment – another quarter of growth in Western Europe
FLEXIBLE PACKAGING SEGMENT – another quarter of growth in the markets of Western Europe Flexible Packaging Segment Q1_2015 Q1_2014 change Increase by o 5% y/y Sales 107,2 101,7 5% 150 domestic 59,4 61,4 -3% 101,7 100,0 103,6 107,2 export 47,8 40,3 18% 92,1 100 50 • Stable domestic market. 0 1Q_2014
Slide 7: Building Services Segment – shifting projects result in a drop in sales
BUILDING SERVICES SEGMENT – shifting projects result in a drop in sales Building Services Segment Q1_2015 Q1_2014 change 60 Decrease by 41% y/y Sales 24,1 40,9 -41% domestic 0,9 31,1 -97% 45 40,9 export 23,2 9,8 136% 37,0 37,1 30 26,8 24,1 15 0 1Q_2014 2Q_2014 3Q_2014 4Q_2014 1Q_2015 • Approximately
Slide 8: Building Accessories Segment – in line with the assumptions
BUILDING ACCESSORIES SEGMENT – in line with the assumptions Building Accessories Segment Q1_2015 Q1_2014 change Increase by 5% y/y 20 Sales 8,9 8,5 5% domestic 7,5 6,7 12% 14,5 15 export 1,4 1,8 -23% 11,6 9,8 8,9 8,5 10 5 • The increase in the domestic market achieved mainly through the 0 1Q_2014 2Q
Slide 9: Continued Very Good Results
CONTINUED VERY GOOD RESULTS Q1 2015 Q1 2014 change Revenues 466,0 412,9 +13% Operating profit 52,3 48,4 +8% margin 11,2% 11,6% EBITDA 73,7 67,8 +9% Margin 15,8% 16,4% Result on financial activity -13,2 -8,1 Interests -1,1 -1,7 fx gains/loses on bank loans -0,7 -0,3 other -11,3 -6,2 Profit before tax
Slide 10: Increasing Demand for Working Capital
INCREASING DEMAND FOR WORKING CAPITAL Working capital (PLN million) 1Q_2014 2Q_2014 3Q_2014 4Q_2014 1Q_2015 600 Working Capital 434 453 509 496 532 532 Inventories 252 260 285 308 305 509 496 500 453 434 Receivables 349 362 399 363 405 400 Liabilities 166 169 174 175 178 300 200 Turnover ratio (in d
Slide 11: Debt Under Control
DEBT UNDER CONTROL Bank loans (PLN million) • The increase in debt due to the growing need for working capital 300 financing and start the execution of the investment program. 225,6 233,0 200 204,2 211,9 • Net debt at around PLN 200 million. 194,4 100 • Safe indicators net debt / equity (0.16) and t
Slide 12: Summary
SUMMARY Successful start to the year Management expects good results for the second quarter The launch of a number of projects from the new strategy 12
Slide 13: 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