Sygnity Sa · GPW:SGN

Sygnity Sa — H1 2009 Earnings Presentation

10 slides from Sygnity Sa's earnings presentation, Sep 1, 2009

  1. Slide 1: Presentation of consolidated results of the Sygnity Group for H1 2009

    Presentation of consolidated results of the Sygnity Group for H1 2009 Warsaw, 1 September 2009

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared solely for information purposes. It is not an advertisement or an offer of securities in public circulation. The information sources used in it are considered by Sygnity reliable and precise, however, there is no guarantee that the information is exhaus

  3. Slide 3: Results for Q2 2009/Q2 2008 and H1 2009/H1 2008

    Results for Q2 2009/Q2 2008 and H2 2009/H1 2008 [PLN ‘000] Q2 2009 Q2 2008 H1 2009 H1 2008 Revenues 141 149 272 238 281 525 481 020 Operating profit (loss) (85 398) (1 016) (101 523) (25 860) Net profit (loss) (75 385) 1 629 (92 364) (24 666) Factors influencing the results:  Effects of the economi

  4. Slide 4: Revenues in Q2 2009/Q2 2008 and H1 2009/H1 2008 by sectors

    Revenues in Q2 2009/Q2 2008 and H1 2009/H1 2008 by sectors Sector Q2 2009 Q2 2008 H1 2009 H1 2008 [PLN ‘000] Public 35 448 138 611 77 125 237 902 Banking and finance 35 064 60 314 78 329 115 020 Utilities 33 674 16 774 54 819 28 063 Telco-Industry 38 088 56 314 69 241 100 372 Others and exemptions (

  5. Slide 5: Sales structure in H1 2009 vs H1 2008

    Sales structure in H1 2009 vs H1 2008 Revenues [PLN ‘000] 39% 19% Goods and materials Products and services 61% 81% 5

  6. Slide 6: Write-off structure in Q2 2009 – PLN 66.3 million

    Write-off structure in Q2 2009 – PLN 66.3 million  Unprofitable projects (PLN 38.3 million) – provisions for costs related with execution of unprofitable long-term contracts concluded mainly in the years 2004- 2006, legislative changes concerning certain projects and contractual penalties  Overdue

  7. Slide 7: Indebtedness

    Indebtedness [PLN ‘000 000] 31.03.2009 30.06.2009 31.08.2009 Loans -25 -25 -47 Bonds -64 -70 -37 Cash 36 39 21 cash in an escrow account Net indebtedness* -53 -56 -62 * without cash in an escrow account intended for contracts 7

  8. Slide 8: Savings program

    Savings program Launch of a two-stage savings program. Stage I: Q3 - Q4 2009, Stage II: Q4 2009 – Q1 2010 Reducing the number and costs of subcontractors Simplifying the Group’s Employee lay-off structure Freezing temporarily salaries and bonus systems Closing unprofitable Stage I Stage II etap II p

  9. Slide 9: Backlog 2009

    Backlog 2009 Sector Portfolio of orders 2009 [PLN ‘000] Banking and Finance 132 206 Public 147 662 Telco-Industry 115 251 Utilities 88 639 Other sales 3 670 Total 487 429 Portfolio of orders for the years 2010-2011 amounts at present to over PLN 130 million 9

  10. Slide 10: Prospects in 2009

    Prospects in 2009  Revenues of approximately PLN 700 million – lower revenues result from the economic downturn (public, banking and telco-industry sectors)  Anticipated operating profit in H2 at the level of PLN 20 million (approximately PLN 17 million following amortization)  New strategy of th

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