PKP CARGO Spolka Akcyjna · GPW:PKP
PKP CARGO Spolka Akcyjna — PKP Cargo — FY2020 Earnings Presentation
28 slides from PKP CARGO Spolka Akcyjna's earnings presentation, 2021
Slide 1: PKP CARGO Group 2020 Leading Freight Carrier
<> PIKPCARGO A 4 PKP CARGO GROUP 2020 LEADING FREIGHT CARRIER
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Slide 3: Note on rounded figures
• • • • • • • • • To facilitate the reading of this presentation, some figures have been rounded off, which may cause negligible deviations in the presented data.
Slide 4: Transport performance in billion tkm
billion tkm -6.5% 55.8 52.2 13.7 (24.6%) 13.4 (25.7%) -2.6% 17.4 (31.2%) 17.4 (33.3%) -0.2% 24.7 (44.2%) 21.4 (41.0%) -13.4% 12M 2019 12M 2020 Change in % yoy
Slide 5: Market position and changes by carrier
Total losses on the Total gains on the Net market position: market: market: -3.7 billion tkm -5.6 billion tkm +2.0 billion tkm Logistics & Transport -49% Pol-Miedź Trans -25% Captrain Polska -23% Rail Polska -21% DB Cargo Polska -16% PKP LHS -15% Olavion -14% PKP CARGO Group -13% Ciech Cargo -10% In
Slide 6: Adverse market environment in 2020 by commodity group
> «6 In 2020, the adverse market environment determined the situation >» in the most important groups of commodities in transport Solid fuels Decrease in demand for coking coal and coke as a result of the lower consumption by steel-intensive industrial sectors Major decline in electricity generation
Slide 7: Coal and intermodal transport trends
CAGR: -5.7% • • 53.7 51.7 51.2 47.9 42.5 CAGR: +10.7% • • 6,5 7,6 9,2 9,5 9,7 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 coal intermodal • • • • • • • • • • • • •
Slide 8: Employment in FTEs
-7.7% 23,571 21,766 6 431 • 5 995 • 17 140 15 771 • 31 Dec 2019 31 Dec 2020 in FTEs
Slide 9: Transport volume in million tons
-13.8% million tons 119.1 121.9 116.3 111.5 108.6 51,2 93.6 51.7 57,8 53,7 47,9 42,5 22,2 26,0 19,9 18,2 20,4 7,6 9,2 17,9 5.2 6.5 9,5 11,3 13,0 12,6 9,7 12,4 9,3 6.2 21,0 21,8 24,6 22,9 21,4 17,4 2015 2016 2017 2018 2019 2020
Slide 10: Transport work in billion tkm
-12.0% billion tkm 31.0 31.4 29.8 28.5 26.9 10,2 9,3 23.6 12,4 11,1 8,5 7,1 5,9 7,2 5,3 4,6 5,2 3,2 4,5 4,1 2,0 2,5 4,1 4,0 3,7 4,3 3,8 3,4 2,7 2,0 6,4 6,9 7,7 7,1 6,4 5,8 2015 2016 2017 2018 2019 2020
Slide 11: Revenues in PLN billion
PLN billion -14.8% 5.18 4.69 4.78 4.36 4.37 4.08 2015 2016 2017 2018 2019 2020
Slide 12: EBITDA in PLN billion
PLN billion -32.5% 0.91 0.86 0.70 0.70 0.58 0.49 2015 2016 2017 2018 2019 2020
Slide 13: EBIT bridge 2019 to 2020
PLN million 143,4 -706.0 86.9 -186,4 28.2 42.8 22.8 55.3 91.1 99.2 -50.1 2019 EBIT Revenues Depreciation Employee Energy and Access to Transport Other services Other Balance of 2020 EBIT from and benefits traction fuel infrastructure services expenses PPO and PKO contracts with amortization customer
Slide 14: Unit revenues and costs per thousand tkm
PLN / thousands tkm PLN / thousands tkm + 6.6% -3.2% 178 185 172 174 69 +7.1% 65 -5.4% 146 138 21 -4.1% 22 22 +2.6% 21 27 32 +21.6% 29 30 +4.0% 32 35 +6.9% 11 11 +2.7% Change Change 2019 2020 % yoy 2019 2020 % yoy 1 Revenues from contracts with customers, excluding revenues on rail transportation an
Slide 15: Liquidity and financial ratios
1. Calculated as the ratio of total equity and non-current liabilities to non-current assets 2. Calculated as the ratio of net result for the past 12 months to total assets 3. Calculated as the ratio of net profit for the past 12 months to equity 4. Calculated as the ratio of the operating result pl
Slide 16: Outlook for 2021
Outlook for 2021 Hix, an 17 = =—s GRUPAPKP CARGO 2021 1a, Fl Q crt mn, \! ae ot diy \O PKPCARGO \
Slide 17: Progression of the railway sector as a growth opportunity
18 € Progression of the railway sector as a growth opportunity >» for the PKP CARGO Group in 2021 KEY FACTORS AFFECTING THE PROGRESSION OF THE RAILWAY SECTOR IN UPCOMING YEARS: Pursuit of the program aimed at Initiatives at the EU and national decarbonizing the economy, level to shift freight carria
Slide 18: Outlook for the PKP CARGO Group in 2021
19 Outlook for the PKP CARGO Group in 2021 in the context of the market environment ? Area Decarbonization Y Shutdowns of carbon-fired units v Replacement of coal-fired installations with gas-fired installations Market environme Planned active ofthe PRP ARGO Group Y Diversification of transport serv
Slide 19: Connect Operator domestic and international connections
€ CONNECT OPERATOR - pioneering development of domestic and >» international operator connections in Central Europe PKP CARGO CONNECT handles operator connections in Poland and abroad As part of Connect Operator's offering, international transport services are provided on various routes, including:
Slide 20: Transport work by commodity and intermodal
million tkm -4.2% • 1,488 1,425 • • 474 520 • 511 393 180 251 million tons 103 48 68 45 CAGR: -17.3% 172 149 6,4 CAGR: +21.7% 2019 2020 4,3 4,0 3,8 3,0 Intermodal transport Chemicals 1,5 1,8 1,9 0,9 0,9 Solid fuels Metals and ores 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Liquid fuels Other
Slide 21: Attachments
Attachments Hix, an 22 = ~~—~——___ GRUPAPKP CARGO2021 1a, Fl Q crt mn, \! ae ot diy \O PKPCARGO \
Slide 22: Revenues and volumes by commodity group
2020 2019 Change % change Share in 2020 Share in 2019 Solid fuels, including: 8,621 10,015 -1,394 -13.9% 36% 37% hard coal 7,112 8,502 -1,389 -16.3% 30% 32% Aggregates and construction materials 4,509 5,208 -698 -13.4% 19% 19% Metals and ores 1,980 2,742 -761 -27.8% 8% 10% Chemicals 1,937 2,068 -131
Slide 23: Consolidated statement of comprehensive income
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME [PLN million] 2020 2019 Revenues from contracts with customers 4,075.6 4,781.6 Consumption of electricity and traction fuel (492.7) (583.8) Infrastructure access services (517.3) (572.6) Transport services (340.5) (363.3) Other services (365.8) (408.6)
Slide 24: Assets
ASSETS [PLN million] As at 31 December 2020 As at 31 December 2019 Rolling stock 4,245.0 4,329.6 Other property, plant and equipment 875.6 872.4 Right-of-use assets 1,008.6 1,078.8 Investments in entities accounted for under the equity method 42.0 40.4 Trade receivables 3.0 3.0 Lease receivables 10.
Slide 25: Equity and liabilities
EQUITY AND LIABILITIES [PLN million] As at 31 December 2020 As at 31 December 2019 Share capital 2,239.3 2,239.3 Supplementary capital 782.4 781.4 Other items of equity (160.2) (77.7) Exchange differences resulting from conversion of financial statements of foreign operations 104.8 77.5 Retained ear
Slide 26: Cash flow
Cash flow [PLN million] 12M 2020 12M 2019 Cash flow on operating activities Profit / (loss) before tax (266.9) 73.5 Adjustments Depreciation and impairment losses 766.6 716.5 (Profit) / loss on the sale and liquidation of non-financial non-current assets (8.9) (6.3) Foreign exchange (gains)/losses 1
Slide 27: Disclaimers
32 € Disclaimers This presentation has been prepared by PKP CARGO S.A. (“Company”, “PKP CARGO”) solely for information purposes. This presentation may not be copied, distributed or transmitted directly or indirectly to any person, for any purpose whatsoever without PKP CARGO’s knowledge and explicit
Slide 28: Investor relations contact
To obtain additional information about PKP CARGO, please contact the Development, Investor Relations and Promotion Department: PKP CARGO S.A. Development, Investor Relations and Promotion Department ul. Grójecka 17 02-021 Warsaw Telephone: +48 22 391-47-09 Fax: +48 22 474-29-53 e-mail : relacje.inwe