Reliable payers The European Union, the Polish and Lithuanian governments are the actual payers to the Group

Transcription

1 AUGUST 213

2 Prezentacja TRAKCJA 2 1 Diversified Infrastructure Construction Group Large market It is estimated that total expenditure on construction and installation works in the Polish railway sectors in will amount to approx. EUR 6,5 bn. The growth of the planned CAPEX exceeds the sector s available capacity. Reliable payers The European Union, the Polish and Lithuanian governments are the actual payers to the Group Strong strategic partner Comsa Emte Group is the eight largest construction company in Spain, and the second largest company in the Spanish railway sector. Strategic partnership with Comsa-Emte ensures financial stability

3 Prezentacja TRAKCJA 3 2 Capital Increase In 212 Trakcja S.A. started the process of capital increase: Trakcja S.A. had 161M PLN bonds maturing in December 214 (148 mln) and in December 214 (13 mln) Through the combination of convertible bonds, plain vanila bonds (secured and unsecured) Trakcja S.A. has been able to increase the equity by 9 mln PLN and prolonged the remaining 51 mln bonds till December 215. Whole process has finished on 19th of March 213 when KDPW has converted the last tranche of convertible bonds into shares, which are now tradable at Warsaw Stock Exchange

4 Prezentacja TRAKCJA 4 3 Structure of the Trakcja Group TRAKCJA S.A. - electrification - power engineering - production of substation equipment and components 1% 1% 82,35% 98,9% Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. PRK 7 Nieruchomości Sp. z o.o. TORPROJEKT Sp. z o.o. AB Kauno Tiltai - electrification - track structure and substructure - real-estate development - project documentation - engineering structures construction of roads, bridges, tunnels, railways, airports, water ports, utilities infrastructure, production of construction materials 5% 1% Bahn Technik Wrocław Sp. z o.o. 85,85% AB Kauno Tiltai - branch in Poland - rail bonding and welding UAB Kelda 1% 1% AB Kauno Tiltai - branch in Latvia UAB Verksioniu karjeras 75,1% UAB Pletros investicijos 1% UAB Palangos aplinkkelis 1% UAB Kedainiu automobiliu keliai 1% AB Kauno Tiltai TUB konsorciumas Tiltra 1% AB Kauno Tiltai TUB konsorciumas Tiltra - branch in Poland 99,3% P.E.U.I.M. Sp. z o.o. - construction of roads,2% 1% 1% Brux Sp. z o.o. in UAB Taurakelis liquidation 1% 1% Dalba Sp. z o.o. PT Kruszywa Sp. z o.o. 94,62% PDM Białystok S.A.

5 Prezentacja TRAKCJA 5 4 Current Projects Key railway projects (Projects over 3 mpln) Project Compensation for the Consortium (PLN m)* Scheduled completion date 1 Modernisation of the E65/C-E65 railway line, Warsaw - Gdynia section - area of LCS Działdowo Design and execution of construction works on the railway line Kraków - Medyka - state border, section Podłęże - Bochnia from km 16, to 39, Modernization of the railway line nr 9, section from km 236,92 to 287,7, during the Local Area Control Center, based in Malbork Design and construction of Łódź Widzew station and part of a railway track Łódź Fabryczna Łódź Widzew from km 2,25 to km 7,2 within railway traffic control and telecommunication facilities for all section Łódź Fabryczna Łódź Widzew and modernization of detour line Łódź Widzew Łódź Chojny Łódź Kaliska Design and execution of works for task: Technical Depot within Project "Construction of agglomeration rail in Łódź" Modernisation of railway line No. 358 on section Zbąszynek Czerwieńsk with construction of railway siding Pomorsko Przylep bypassing Czerwieńsk station Stage I Modernization of the E 3 railway line, section: Jaworzno Szczakowa - Trzebinia Design and performance of construction Works on the railway line Sędziszów Małopolski Rzeszów Zachodni The design and performance of construction works on railway tracks: Dębica Sędziszów Małopolski Modernisation of line no. E59 Wrocław - Lower Silesian Voivodeship Border Revitalization of no. 144 railway line, section Fosowskie Opole Revitalisation of Strzałki Rail Station Vilniaus railroad bypass Kyviškės-Valčiūnai second road construction Reconstruction of "Rail Baltica" railway section Marijampolė - Šeštokai, Part I - IV Reconstruction of "Rail Baltica" railway section Marijampolė - Šeštokai, Part V Total * assumed LTL/PLN exchange rate of 1,2538 The Group's role (Trakcja S.A.) (Trakcja S.A.) (Trakcja S.A.) (Trakcja S.A.) (Trakcja S.A.)

6 5 Current projects Key civil projects (Projects over 3 mpln) Project Compensation for the Consortium (mpln)* Scheduled completion date The Group's role 1 Vilnius Western bypass II stage A. Juozapavičiaus street reconstruction Construction of a bridge between Juozapavicius str. and Tilto str Trans-European road network E85. Vilnius Southern bypass construction. Contract no kv overhead transmission line replacement cable from L. Asanaviciutes street by Ozo Works related to construction of the Second Road in the section Pavenciai Raudenai (Lithuania) Works related to construction of the Second Road in the section Telsiai Duseikiai (Lithuania) Works related to construction of the Second Road in the section Kulupenai Kretinga (Lithuania) Reconstruction of the road and traffic safety improvements (contract no.2) under project "Reconstruction the trans-european road network E85" Construction works of the transportation corridor IXB and the connection of International Airport of Vilnius 11 Construction and maintenance works of bypass of Palanga (Lithuania) Consortium Partner Consortium Partner Consortium Partner (UAB Palangos aplinkkelis", UAB Pletros investicijos ) Total 1 26 * assumed LTL/PLN exchange rate of 1,2538

7 6 (PLN Quarterly update: 1H 213 vs. 1H 212 ') CONSOLIDATED INCOME STATEMENT 1H 213 1H 212* value variance % variance Sales % Gross margin % as %of sales 6,3% 4,5% 1,7 pp Cost of sales and overheads % Other operating activity* % EBIT % % of sales 2,4% 6,3% -4, pp EBITDA % Financial activity Gross profit Tax Net profit * 1H 212 results includes profit of 44 mpln due to loss of control over Lithold AB Group Sales revenue (mpln) EBIT (mpln) H 212* 1H 213 1H 212* 1H Net profit (mpln) 1H 212* 1H 213

8 7 (PLN Quarterly update: Q2 213 vs. Q1 213 ') CONSOLIDATED INCOME STATEMENT Q2 213 Q1 213 value variance % variance Sales % Gross margin as % of sales 1,4% -4,9% 15,3 pp Cost of sales and overheads % Other operating activity EBIT as % of sales 7,5% -11,4% 18,9 pp EBITDA Financial activity Gross profit Tax Net profit Sales revenue (mpln) Q1 213 Q EBITDA (mpln) 36 Q1 213 Q Net profit (mpln) 24 Q1 213 Q

9 8 Quarterly update: Q2 213 vs. Q2 212 (PLN ') CONSOLIDATED INCOME STATEMENT Q2 213 Q2 212* value variance % variance Sales % Gross margin % as % of sales 1,4% 5,3% 5,1 pp Cost of sales and overheads % Other operating activity EBIT as % of sales 7,5% -,3% 7,8 pp EBITDA Financial activity Gross profit Tax Net profit EPS (attributable to shareholders of parent entity) * 2Q 212 results includes profit of 44 mpln due to loss of control over Lithold AB Group Sales revenue (mpln) EBITDA (mpln) Net profit (mpln) Q2 212* Q2 213 Q2 212* Q2 213 Q2 212* Q2 213

10 9 Order Backlog Order backlog (mpln) * PLN LTL EUR For 213 For 214+ Trakcja & PRKiI ,%,%,% Kauno Tiltai AB Group** ,1% 97,9%,% Trakcja Group ,4% 32,6%,% (*) including contracts signed after June 3, 213 (**) assumed LTL/PLN exchange rate of 1,2538

11 1 New contracts signed during 213 Contract mpln* Company 1 Reconstruction of the railway Marijampole-Šeštokai (from 28+5km to the train station in Šeštokai) 272 Kauno Tiltai 2 Reconstruction of the train station in Marijampole and the railway Marijampole-Šeštokai to 28+5km 94 Kauno Tiltai 3 Reconstruction of the road and traffic safety improvements (contract no.2) under project "Reconstruction the trans-european road network E85" 117 Kauno Tiltai 4 Construction works in the IXB transport corridor (Žirnių street in Vilnius, Lithuania) 55 Kauno Tiltai 5 Construction and maintenance works of bypass of Palanga (Lithuania) 122 UAB Palangos aplinkkelis" UAB Pletros investicijos" 6 Other contracts of Kauno Tiltai LT Subgroup 93 Kauno Tiltai 7 Design and execution of works for task: Technical Depot within Project "Construction of agglomeration rail in Łódź" 55 Trakcja 8 Catenary works on the section Czempiń-Mosina and Luboń-Poznań 18 Trakcja 9 Construction of a single-track overhead cable line Przasnysz Chorzele 16 Trakcja 1 Revitalization of no. 144 railway line, section Fosowskie Opole 89 PRKiI 11 Revitalization of no. 144 railway line, section Fosowskie Opole - additional works 24 PRKiI 12 Rebuilding of Strzałki station 6 PRKiI 13 Reinforcement of railway substructure section Podłęże Bochnia stage III 9 Trakcja 14 Delivery of sectioning cabin 3 kv 8 Trakcja 15 Building of troley traction and substation Zana in Lublin 8 Trakcja 16 Other contracts of Trakcja & PRKiI Subgroup 7 Trakcja & PRKiI 17 Other contracts of Kauno Tiltai PL Subgroup 19 PEUiM Total 164 * assumed LTL/PLN exchange rate of 1,2538

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