Trakcja Polska S.A. A Leading Provider of Construction and Installation Services to Railway Sector in Poland November 29
Leading Provider of Construction and Installation Services to the Railway Sector in Poland Large market It is estimated that total expenditure on construction and installation works in the Polish railway sector in 29 213 will amount to approx. EUR 1b, and in the tramway sector approx. EUR 2b. The growth of the planned CAPEX exceeds the sector s available capacity Reliable payers Limited competition Strong financial position Strong strategic partner The European Union and the Polish government are the actual payers to the Group New players face high entry barriers, including insufficient exepertise, shortage of personnel and specialist equipment, insufficient knowledge of the market Return on equity is high, at 2% Comsa Emte Group is the eight largest construction company in Spain, and the second largest company in the Spanish railway sector. Strategic partnership with ComsaEmte provides us with access to the latest technology and knowhow on renewable energy, and ensures financial stability 2
Structure of the Trakcja Polska Group TRAKCJA POLSKA S.A. electrification power engineering production of substation equipment and components 96.79% Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. electrification track structure and substructure engineering structures 51.25% 1.% PRK 7 Nieruchomości Sp. z o.o. realestate development.68% EcoWind Construction S.A. development of wind farms Bahn Technik Wrocław Sp. z o.o. turnout and railway crossing repairs rail bonding and welding 8.75% Leonhard Weiss GmbH construction 3
Current Projects Key projects in railway infrastructure Poznań (5) (2) (6) Wrocław Oława Opole (8) (7) () Warsaw (3) (1) Item 1 2 3 5 6 Project Compensation for the Consortium (PLN m) Scheduled completion date Track and overhead contact system modernisation at the section from Biała Podlaska to Terespol (Poland's November 29 border) 326 Modernisation of the power supply installation at the E5 railway track from W rocław to Legnica 7 December 29 Modernisation of railway line W arszawa Towarowa Wwa Gołąbki Józefinów W wa Gdańska 12 Modernisations of Stations: Legionowo, Nowy Dwór Mazowiecki, Modlin 391 Modernisation of the E railway line on the section Węgliniec Legnica Bridge in 37,221st kilometer ofline 282 in Bolesławiec 2 Reconstruction and modernisation of the E/CE railway line on the Opole W rocław Legnica section, Środa Śląska Malczyce route, together with the Malczyce station 7 The modernisation of railway line no. 223 Czerwonka Ełk, on the Orzysz Ełk section at km 85. 12.739. 38 December 29 July 21 October 29 16 September 21 November 212 The Group's role (PRKiI S.A.) (Trakcja Polska S.A.) (PRK7 S.A.) (Trakcja Polska S.A.) (PRKiI S.A.) (PRKiI S.A.) (PRK7 S.A.) 8 Modernization of CE railway line Opole Groszowice Wrocław Brochów, Opole W schód Czarnowąsy section 39 May 21 (PRKiI S.A.) Total compensation for the Consortium 1,13 At present, we are executing eight key projects for a total value in excess of PLN 1.1bn, where Group companies are hired either as general contractors or subcontractors.
Quarterly update: Q2 28 vs Q2 29 (PLN ') CONSOLIDATED INCOME STATEMENT Results Q2 28 Results Q2 29 value variance % variance Sales 215 553 228 185 12 632 6% Gross margin 23 71 38 6 1 565 61% as % of sales 11,% 16,8% 5.8pp Cost of sales and overheads 776 6 996 2 22 6% Other operating activity 1 352 1 1 2 753 EBIT 2 317 29 99 9 592 7% % of sales 9,% 13,1% 3.7pp EBITDA 22 13 32 51 1 317 7% Financial activity 1 299 5 3 135 318% Gross profit 21 616 35 33 13 727 6% Net profit 18 82 28 67 1 525 58% 5
Quarterly update: Q2 28 vs Q2 29 Sales revenue (PLN m) EBIT (PLN m) 2 +6 % 216 228 2 2 +7 % 1 Q2 28 Q2 29 1 Q2 28 Q2 29 Net profit (PLN m) 2 18 +58 % 29 1 Q2 28 Q2 29 6
Quarterly update: Q1 29 vs Q2 29 (PLN ') CONSOLIDATED INCOME STATEMENT Results Q1 29 Results Q2 29 value variance % variance Sales 12 96 228 185 125 279 122% Gross margin 2 89 38 6 35 57 1 25% as % of sales 2,8% 16,8% 1.pp Cost of sales and overheads 6 22 6 996 79 13% Other operating activity 1 389 1 1 2 79 EBIT 1 96 29 99 31 873 % of sales 1,9% 13,1% 15.pp EBITDA 283 32 51 32 71 11 367% Financial activity 597 5 3 837 18% Gross profit 2 633 35 33 32 71 1 22% Net profit 1 828 28 67 26 779 1 65% 7
Quarterly update: Q1 29 vs Q2 29 Sales revenue (PLN m) EBIT (PLN m) 2 1 +122 % 228 13 Q1 29 Q2 29 2 1 1 2 Q1 29 Q2 29 Net profit (PLN m) 2 1 +1 65 % 29 2 Q1 29 Q2 29 8
Order backlog & new contracts Order backlog (PLN m).6.29 PLN % EUR % For 29 666 56% % 3 For 21+ 223 Contracts signed / awarded in 29: Reconstruction and modernisation of the E/CE railway line on the Opole Wrocław Legnica section, 1 Środa Śląska Malczyce route, tracks 1 and 2, together with the Malczyce station Design and performance of alternative works related to the housing of the electrical points machine at the 2 Chotyłów station instead of rebuilding the existing mechanical points machine as part of the project ISPA/FS No 21/PL/16/P/PT/12 Modernisation o The modernisation of railway line no. 223 Czerwonka Ełk, on the Orzysz Ełk section at km 85. 3 12.739. Modernisation of the viaduct at km 18.95 on the Psary Góra Włodowska route on tracks nos. 1 and 2" as a part of the task named: "Modernisation of railway line No. E65 Grodzisk Mazowiecki Zawiercie section". PLN 167 38 6 Construction works regarding the expansion, modernisation and renovation of the Fast Urban Railway (SKM) 6 station, the approaches to the platform, the track system and the traction network at the Sopot station 11 Total 227 assumed PLN/EUR exchange rate of.85 9
Planned projects Main projects connected with the railway infrastructure modernization planned for 29: Announced and started tenders (offers submitted) Currency Offer value mln PLN* Tendering date Notes 1 Express Route No. 8 from Airport to Puławska PLN 7 6th May 29 TP as a subconstructor to Thas subconstructor to Teerag Asdag no. 1 2 Modernization of E railway line on the sections Wegliniec Zgorzelec and Węgliniec Bielawa Dolna EUR 26 19th August 29 TP No. 3 3 Modernization of E railway line on the section Wegliniec Legnica EUR 29 25th August 29 TP No. Renovation of railway viaduct within the 1 line Warsaw Katowice, track no 1, in km 223.17 on the Wypoczynku Street in Czestochowa PLN 1 th September 29 PRKiI No. 3 Renovation of the railway line Ścinawka Średnia Otovice Zastavka Ścinawka Średnia Tłumaczów section; from 5 km +. to km 5 +27.2 under the project entitled." Construction of the mine and mefalif processing plant in PLN 6 Tłumaczów" PRKiI as a subconstructor to KZN Bieżanów 5th October 29 no.1 Construction of the tram line Kst NS Stage IIA: Grzegorzecka rrndabout Kotlarski Bridge Klimeckiego Street PRKiI in Consortium with Budimex Dromex Lipska Street with the reconstruction of the lane road and construction of the Kuklińskiego Street and the PLN 55 8th October 29 No. 6 construction of flyovers in the str Integrated System of Rail Transport in Agglomeration and in Wroclaw Phase I construction of rectifier station 7 Bardzka PLN 12 13th October 29 TP No. 2 8 Reconstruction of the five road bridges over the voivodship road No 931 7 29th October 29 PRKiI No. 8 Total 13 Announced tenders Currency Estimated value mln PLN Expected tendering date 1 Modernization of E65 line Local Control Center Działdowo PLN 1 27th November 29 2 Modernization of CE65 line Warszawa Zachodnia Skierniewice PLN 1 2 2th November 29 Total 2 2 Tenders planned to be announced in Q 29 and 1Q 21 Currency Estimated value Expected mln PLN announcement date 1 Modernization of E59 line Poznań Wrocław PLN 1 1Q 21 2 Modernization of E Rzeszów State border PLN 5 Q 29 Execution of works in the area of Local Control Center Ciechanów Konopki, Konopki station, Konopki Mława 3 section, Mława station; under the project "Modernization of the E65/CE 65 railway line over a distance of Warsaw Gdynia PLN 5 Q 29 Execution of works in the area of the Local Control Center Malbork from km 236 9 to 275 92 km under the project "Modernization of the E65/CE 65 railway line over a distance of Warsaw Gdynia PLN 2 Q 29 Execution of works in the area of the Local Control Center Malbork from km 275 92 to 278 89 km under the 5 project "Modernization of the E65/CE 65 railway line over a distance of Warsaw Gdynia PLN 15 Q 29 Execution of works in the area of the Local Control Center Malbork from km 278 89 to 287 7 km under the 6 project "Modernization of the E65/CE 65 railway line over a distance of Warsaw Gdynia PLN 15 Q 29 7 Modernization of Leśnica station PLN 1Q 21 2 9 Total tenders 833 EUR =,12 PLN 1 291112