Slide 1: Summary of Y2024 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Summary of Y2024 in the TORPOL Group 24 March 2025
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
Agenda — torpo) TORPOL Group key data for the year 2024 4 Financial results 8 Backlog of orders Nl Investment plan for 2025 12 TORPOL OIL & GAS 13 Strategy for the years 2025-2030 14 Challenges, current objectives and prospects 16 Appendices 18 3 www.torpol.pl
Slide 4: TORPOL Group — results for Y2024
TORPOL Group — results for Y2024 3 Se MN PLN BLN PLN MN PLN MN PLN NET SALES REVENUE BACKLOG NET EBITDA in CASH 0, (+33.5% yoy) (+43% yoy) ee il rl F MN PLN MN PLN MN PLN MN PLN GROSS PROFIT ON SALES PROFIT ON SALES OPERATING PROFIT NET PROFIT
Slide 5: Net revenues and financial results commentary
Net revenues and financial results were most affected by higher-than-expected margins on some of the completed contracts, increased bidding activity by the main contracting authority, and stabilization of prices for basic materials. In addition, stable prices in most product groups contributed to ma
Slide 6: 2024 bids submitted and orders won
▪ In 2024, the Issuer submitted 18 bids (compared to 20 in 2023) for 6 ordering parties, of which 11 were for PKP PLK. The total value of the bids was approx. PLN 4.4 billion net, including PLN 1.6 billion net for PKP PLK. ▪ The company won 8 orders with a total net value of nearly PLN 3.6 billion,
Slide 7: Agreement with PKP PLK for Katowice section
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 8: Consolidated income statement
Consolidated income statement Change in Data in PLN thousand Y2024 Y2023 %/pp Sales revenue 1 458 172 1 092 204 33,5% ▪ The level of sales in 2024 was significantly affected by Cost of sales 1 331 962 931 790 42,9% the contract for the reconstruction of the E65 railroad Gross profit on sales 126 210
Slide 9: Consolidated balance sheet
Consolidated balance sheet Data in PLN thousand 31/12/2024 31/12/2023 Change in % ▪ The Group's balance sheet total at the end of 2024 reached PLN 1.2 1 206 006 1 134 985 Balance sheet total 6,3% billion and was 6.3% higher than that presented at the end of 2023. Fixed assets 232 676 228 982 1,6% Th
Slide 10: Cash flow from operating, investing and financing activities
Cash flow from operating, investing and financing activities Data in PLN thousand Y2024 Y2023 Change Net cash flows from operating activity -212 479 46 964 -259 443 ▪ In 2024, the Group recorded a negative operating balance (PLN - Net cash flows from investing activities -14 865 -1 140 -13 725 212.5
Slide 11: Backlog of orders (net value)
509 MN PLN 67.4 MN PLN 158.1 MN PLN 283.3 MN PLN 1924.5 MN PLN 11 | www.torpol.pl 124.9 MN PLN – TOG BACKLOG (NET VALUE) 33.9 MN PLN – other by Torpol Bocznica kolejowa ZPK Szumowo Modernizacja stacji Ostróda E65 Katowice LK 104 Chabówka - Nowy Sącz LK 38 Giżycko - Korsze 360.5 MN PLN LK 202 Gdynia
Slide 12: The investment plan for 2025
The investment plan for 2025 In 2024, the Group made investments of PLN 39.4 MN. In 2025, the Group plans to spend about PLN 61.9 milion on developing its machinery fleet, focusing on the track and network works segment. Key investments will include crane modernization and major repair, purchase of
Slide 13: TORPOL OIL & GAS (TOG)
TOG makes full use of its capital and has consistently established itself in the market, steadily increasing its order backlog and scale of operations. TOG mainly carries out orders for the ORLEN Group. The Oil & Gas sector also anticipates growth despite the unstable geopolitical situation. Torpol
Slide 14: Strategy 2025-2030 financial targets
Achieve a cumulative consolidated net revenue of approx. PLN 14.5 billion. The TORPOL Group's consolidated EBITDA in 2025-2030 will reach a level of about PLN 840 million. Achieve a cumulative consolidated net profit of approximately PLN 500 million. Aiming to pay a dividend of 50% of the unit net p
Slide 15: Other strategic goals, investment expenditures, market outlook
OTHER STRATEGIC GOALS ▪ Digitization of tools, processes and introduction of innovative solutions to support strategic decision-making. ▪ Introduce new services to complement current offerings and diversify revenue sources. ▪ Carry out acquisitions to strengthen the Group's value chain. ▪ Actively p
Slide 16: Challenges, current objectives and prospects
▪ Strengthening leadership in modernization and revitalization projects in the railroad market, while maintaining market share. ▪ Implementing the strategy for 2025-2030 and achieving a cumulative consolidated net revenue of about PLN 14.5 billion and EBITDA of about PLN 840 million. ▪ Building a st
Slide 17: Appendices
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Slide 18: Financial ratios: debt and equity
2,22 2,27 1,23 1,28 0,55 0,56 0,47 0,45 0,44 0,46 0,09 0,09 -1,42 -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 EBITDA for last 12 mths 31.12.2023 31.12.2024 18 | www.torpol.pl
Slide 19: Profitability ratios and EBITDA levels
22,26% 14,69% 12,70% 13,11% 10,64% 10,43% 9,34% 9,65% 8,66% 6,88% 5,64% 5,81% 5,11% 4,67% Gross margin on Profit margin on EBITDA margin EBIT margin Net margin ROA ROE sales sales 31.12.2023 31.12.2024 The presented ratios of profitability and EBITDA levels confirm the Group's very good financial po
Slide 20: Consolidated income statement (detailed)
Data in PLN thousand Y2024 Structure % Y2023 Structure % Change Change in % Sales of services 1 457 175 99,9% 1 091 805 100,0% 365 370 33,5% Revenues from sales of goods and products 997 0,1% 399 0,0% 598 149,9% Sales revenues 1 458 172 100,0% 1 092 204 100,0% 365 968 33,5% Cost of goods sold 1 331
Slide 21: Consolidated balance sheet: assets
Data in PLN thousand 31/12/2024 Structure % 31/12/2023 Structure % Change Change in % Fixed assets 232 676 19,3% 228 982 20,2% 3 694 1,6% Tangible fixed assets 125 791 10,4% 111 956 9,9% 13 835 12,4% Right-of-use assets 58 052 4,8% 60 588 5,3% -2 536 -4,2% Goodwill 9 008 0,7% 9 008 0,8% 0 0,0% Intan
Slide 22: Consolidated balance sheet: equity and liabilities
Data in PLN thousand 31/12/2024 Structure % 31/12/2023 Structure % Change Change in % Equity 528 772 43,8% 509 152 44,9% 19 620 3,9% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 397 030 32,9% 345 078 30,4% 51 952 15,1% Share premium 54 617 4,5% 54 617 4,8% 0 0,0% Retained earning
Slide 23: Consolidated cash flow statement
Data in PLN thousand Y2024 Y2023 Change Data in PLN thousand Y2024 Y2023 Change Cash flows from investing activity Cash flows from operating activity Sale of fixed tangible assets and intangibles 2 799 669 2 130 Gross profit/loss 82 602 129 171 -46 569 Acquisition of property, plant and equipment, -
Slide 24: Standalone income statement
Data in PLN thousand Y2024 Structure % Y2023 Structure % Change Change in % Sales of services 1 323 795 100,0% 903 825 100,0% 419 970 46,5% Revenues from sales of goods and products 52 0,0% 393 0,0% -341 -86,8% Sales revenues 1 323 847 100,0% 904 218 100,0% 419 629 46,4% Cost of goods sold 1 213 541
Slide 25: Standalone balance sheet: assets
Data in PLN thousand 31/12/2024 Structure % 31/12/2023 Structure % Change Change in % Fixed assets 232 724 20,0% 229 192 21,2% 3 532 1,5% Tangible fixed assets 123 430 10,6% 109 511 10,1% 13 919 12,7% Right-of-use assets 56 872 4,9% 59 463 5,5% -2 591 -4,4% Goodwill 9 008 0,8% 9 008 0,8% 0 0,0% Inta
Slide 26: Standalone balance sheet: equity and liabilities
Data in PLN thousand 31/12/2024 Structure % 31/12/2023 Structure % Change Change in % Equity 519 753 44,7% 505 969 46,9% 13 784 2,7% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 392 366 33,7% 344 983 32,0% 47 383 13,7% Share premium 54 617 4,7% 54 617 5,1% 0 0,0% Retained earning
Slide 27: Standalone cash flow statement
Data in PLN thousand Y2024 Y2023 Change Data in PLN thousand Y2024 Y2023 Change Cash flows from investing activity Cash flows from operating activity Sale of fixed tangible assets and intangibles 2 799 669 2 130 Gross profit/loss 75 122 122 513 -47 391 Acquisition of property, plant and equipment, -
Slide 28: Investor relations contact
Małgorzata Napierała tel. +48 61 87 82 775 fax +48 61 87 82 790 ma.napierala@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 28 | www.torpol.pl