Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q3 2021 Earnings Presentation
23 slides from Grupa Kety Sa's earnings presentation, Oct 21, 2021
Slide 1: Results for the 3rd Quarter of 2021
RESULTS FOR THE 3RD QUARTER OF 2021 DARIUSZ MAŃKO RAFAŁ WARPECHOWSKI PIOTR WYSOCKI TOMASZ GRELA RAFAŁ LECHOWICZ CHAIRMAN OF THE BOARD MEMBER BOARD MEMBER BOARD MEMBER CEO ALUPOL PACKAGING BOARD 21ST OCTOBER 2021
Slide 2: Continuation of positive trends from Q2
CONTINUATION OF POSITIVE TRENDS FROM Q2 MARKET OPERATIONS FINANCES ENVIRONMENT IINVESTMENTS + PLN 245 million - EBITDA + STRONG DEMAND IN ALL + HIGH VOLUME SALES PROFIT / PLN 167 million - SECTORS OF THE GROUP'S NET PROFIT ACTIVITY + OPERATING ACTIVITY + KEEPING A FAVORABLE EUR / WITHOUT INTERFERENC
Slide 3: Operating activities of the segments
OPERATING ACTIVITIES OF THE SEGMENTS 3
Slide 4: Extruded Products Segment - raw materials situation
EXTRUDED PRODUCTS SEGMENT Raw materials situation 1550 Billet premium (USD/t), DDP North Germany 1450 3050 1350 1150 950 750 550 350 Oct '21 Jan '21 Feb '21 Mar '21 Apr '21 May '21 Jun '21 Jul '21 Aug'21 Sep'21 Oct'21 16500 LME price of aluminum at a historically high level. The billet premium surpa
Slide 5: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT 3Q 3Q 1-3 Q 1-3 Q (PLN million) change change 2021 2020 2021 2020 Quantity sales increase in the quarter by Sales 510,9 327,8 +56% 1 327,3 970,1 +37% 15%.High sales dynamics supported by 270,1 174,2 +55% 695,7 500,2 +39% over 50% increase in the average price of domestic al
Slide 6: Extruded Products Segment - volumes, utilisation, capex
EXTRUDED PRODUCTS SEGMENT volume sales ('000 tons) capacity utilisation(%) 100,0% 100,0% 30 91,8% 91,2% 100,0% 81,2% 90,0% 25 80,0% Maximum utilisation of production 20 70,0% capacity. 60,0% 15 50,0% High quantitative sales forecast for Q4 22,5 22,8 25,1 25,7 40,0% 2021. 10 19,9 30,0% 20,0% 5 10,0%
Slide 7: Extruded Products Segment - e-mobility and Polish Aluminum Association
EXTRUDED PRODUCTS SEGMENT Development of e-mobility: AK EMMI has started deliveries of components for electric cars for the American brand FISKER: • Number of aluminum profiles: 2000 tons / year. • Project duration: 2023-2029. Polish Aluminum Association The association was registered in July this y
Slide 8: Aluminum Systems Segment - domestic sale
ALUMINUM SYSTEMS SEGMENT DOMESTIC SALE Objects acquired in 3Q Wielka 27, Spalarnia odpadów, (+) the largest increases in sales in the segment of single- Wrocław, PL Warszawa, PL family houses, apartment buildings and small and medium- sized buildings (orders up to € 5.5 million) (+) positive attitud
Slide 9: Aluminum Systems Segment - foreign sale
ALUMINUM SYSTEMS SEGMENT FOREIGN SALE Objects acquired in 3Q (+) Dynamic development of Aluprof's presence in the large buildings market - Great Britain, Belgium, the Netherlands, Ukraine, the Czech Republic, Romania, the Balkans, Slovakia, etc. (+) Slovakia - acquiring the largest project in Slovak
Slide 10: Aluminum Systems Segment
ALUMINUM SYSTEMS SEGMENT 3Q 3Q 1-3 Q 1-3 Q (PLN million) change change 2021 2020 2021 2020 Increase in sales resulting from higher Sales 548,1 439,3 25% 1 451,2 1 158,0 25% volumes and systematically growing domestic 332,1 269,1 23% 875,7 713,0 23% prices of raw materials resulting in product price
Slide 11: Aluminum Systems Segment - capex and investments
ALUMINUM SYSTEMS SEGMENT 2021 1-3Q % of CAPEX (PLN million) Forecast Expences forecast Implementation of the investment plan TOTAL 163,4 68,7 42% projects increasing added value - selection of equipment suppliers, administrative proceedings to obtain environmental approvals (transfer of approx. PLN
Slide 12: Flexible Packaging Segment - market situation
FLEXIBLE PACKAGING SEGMENT Market situation Granulate LDPE ICIS spot low (EUR/ton) Granulate PP ICIS spot low (EUR/ton) 1980 1995 2000 1838 1863 2000 1872 1813 1778 1728 1738 1698 1645 1600 1478 1600 1500 1500 1500 1383 1058 1005 1200 1058 1200 1005 902 898 890 880 948 848 850 848 885 833 766 762 78
Slide 13: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT 3Q 3Q 1-3 Q 1-3 Q (PLN million) change change 2021 2020 2021 2020 Increase in sales mainly due to higher Sales 299,0 230,9 +30% 888,6 729,4 +22% volumes and higher prices of Incl. BOPP 144,7 86,9 +66% 427,2 293,1 +46% petrochemicals and aluminum domestic 137,5 113,0 +22% 4
Slide 14: Flexible Packaging Segment - volumes, utilisation, capex
FLEXIBLE PACKAGING SEGMENT volume sales ('000 tons) capacity utilisation (%) 96% 96% 100% 88% 85% 88% 30 81% 25 20 Increased capacity utilization despite 50% 15 the turmoil on the raw materials 23,0 24,5 21,7 22,4 21,1 19,2 10 market. 5 0% 0 2kQ 2020 3Q 2020 4Q 2020 *1Q 2021 *2Q 2021 *3Q 2021 * Due
Slide 15: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS 15
Slide 16: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS • Increase in revenues mainly due 3Q 3Q 1–3 Q 1-3 Q (PLN million) 2021 2020 change 2021 2020 change to higher sales volumes and Revenues higher raw material prices 1 239,7 920,0 +35% 3 381,0 2 636,8 +28% EBITDA • EBITDA: improvement of profit in 245,2 198,0 +24% 696,8
Slide 17: Update of the Annual Forecast for 2021
UPDATE OF THE ANNUAL FORECAST FOR 2021 PLN 4 550 MLN PLN 863 MLN PLN 566 MLN + 6,3 % + 11,6 % + 15,5 % SALES EBITDA NET PROFIT The changes presented above relate to the deviations from the performance forecast for 2021 published on July 30th this year. 17
Slide 18: Third Quarter Cash Flows
THIRD QUARTER CASH FLOWS Operating cashflow (PLN million) CAPEX (PLN million) 250 100 209 200 159 152 150 99 132 50 43 45 44 94 30 100 23 50 0 0 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Cashflow in 3Q (PLN million) Net debt • Increase in net wor
Slide 19: Secure Level of Financial Ratios
SECURE LEVEL OF FINANCIAL RATIOS Net debt (PLN million) & Net debt/EBITDA ratio Maturity structure Currency structure 1000 1,2 short term EUR 1,0 1,0 49% 25% 800 0,8 0,8 0,8 0,7 0,8 600 0,6 0,5 841 0,4 620 PLN 400 586 534 484 0,2 long term 75% 347 51% 200 0,0 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021
Slide 20: Prospects for the 4th Quarter 2021
PROSPECTS FOR THE 4th QUARTER 2021 MARKET OPERATIONS FINANCES ENVIRONMENT AND INVESTMENTS • STABLE DEMAND, • SUCCESSIVE RENEWAL OF • ENSURING FULL ESTIMATED SALES approx. FINANCING FOR THE AVAILABILITY OF + 30% y / y NEXT YEAR PRODUCTION CAPACITY AND WORK SAFETY • HIGH RAW MATERIAL • BUDGET PROCESS
Slide 21: Additional Information
ADDITIONAL INFORMATION 21
Slide 22: Additional Information
ADDITIONAL INFORMATION Volume sales (`000 thousand tonnes) 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Extruded Products Segment 22,5 19,9 22,8 25,1 25,7 Flexible Packaging Segment 21,1 19,2 24,5 21,7 22,4 Segment EBITDA (PLN million) 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Extruded Products Segment 51,
Slide 23: 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