Pkp Cargo Spolka Akcyjna · GPW:PKP
Pkp Cargo Spolka Akcyjna — PKP Cargo — H1 2018 Earnings Presentation
18 slides from Pkp Cargo Spolka Akcyjna's earnings presentation, Aug 18, 2018
Slide 1: H1 2018 strengthening its leading market position
H1 2018 strengthening its leading marketing position pkpcargo.com
Slide 2: Recap of the interim results, commercial results, financial performance, outlook
Recap of the interim results Commercial results Financial performance Outlook 2018 Q&A PKP CARGO GROUP H1 2018
Slide 3: Recap of the interim results
OF THE INTERIM RESULTS <> PKPCARGO CARGO GROUP Hi 2018 ii 3
Slide 4: PKP CARGO Group's H1 2018 results
/ | PKP CARGO GROUP’S H1 2078 results REVENUE EBITDA 17% profitability PLN 2,510M PLN 423m + 11% yoy + 27% yoy <> PKPCARGO NET RESULT 4% profitability PLN 90m +363% yoy PKP CARGO GROUP Hi 2018 i f
Slide 5: Commercial results
COMMERCIAL RESULTS <> PKPCARGO PKP CARGO GROUP Hil 2018 | | 5
Slide 6: Transport volume in million tons
+3.4% million tons 59.6 57.6 52.8 51.2 52.2 52.2 25,3 -3.1% 26,1 26,6 23,4 25,1 25,9 9,0 12,1 +35.0% 7,0 9,3 8,6 7,0 6,6 6,4 -2.3% 6,5 6,2 6,2 5,4 3.0 3,7 4,4 +18.9% 2.4 2.3 2.3 10,3 10,0 9,9 10,9 12,2 11,3 -7.6% H1 2013 H1 2014 H1 2015 H1 2016 H1 2017 H1 2018 PKP CARGO GROUP H1 2018
Slide 7: Financial performance
FINANCIAL PERFORMANCE <> PKPCARGO nocucocrorman Ml 7
Slide 8: Revenue H1 2013-H1 2018
+11% 2.51 2.29 2.27 2.10 2.07 2.12 1.29 1.24 1.03 1.17 1.06 1.17 1.05 1.04 0.90 1.09 1.10 1.22 Q1 H1 2013 H1 2014 H1 2015 H1 2016 H1 2017 H1 2018 PKP CARGO GROUP H1 2018
Slide 9: EBITDA and margin
+27% 423 391 351 333 312 222 191 257 186 206 130 159 49 147 200 Q1 135 106 81 H1 H12013 2013 H1 H12014 2014 H1 H12015 2015 H1 H1 2016 2016 H1 2017 2017 H1 2018 H1 2018 EBITDA 13.6% 16.7% 18.3% 6.1% 14.7% 16.8% margin % PKP CARGO GROUP H1 2018
Slide 10: Net result and net margin
+363% 163 128 77 90 71 140 19 54 75 58 36 1 22 -1 21 -129 -66 -195 H1 H12013 2013 H1 H12014 2014 H1 2015 H1 2015 H1 2016 2016 H12017 H1 2017 H12018 H1 2018 Net margin 3.4% 6.1% 7.8% -9.2% 0.9% 3.6% % PKP CARGO GROUP H1 2018
Slide 11: Operating costs by type
+7,0% 2.32 2.38 2.22 0.32 0.29 +0.4% 0.29 0.38 +10.8% 0.33 0.34 0.77 0.82 +7.9% 0.76 0.75 0.81 +8.1% 0.75 0.14 0.08 0.08 -5.5% H1 2016 H1 2017 H1 2018 Change % yoy PKP CARGO GROUP H1 2018
Slide 12: Revenue by segment
+8.4% +4.7% 164 151 155 148 38 +5.7% 36 +9.6% 19 21 136 126 +8.5% 23 +1.9% 23 69 72 +3.8% +5.9% 23 24 +44.9% 1 1 2 2 +8.5% Change Change H1 2017 H1 2018 % yoy H1 2017 H1 2018 % yoy *Revenue from sales of services and finished goods net of revenue for cargo PKP CARGO GROUP H1 2018
Slide 13: Cash flow, debt and financial ratios
H1 2017 H1 2018 Change H1 2018 On operating Cash* 668 249 393 +144 activity On investing EIB 72 -527 -482 +45 activity On financing Pekao SA 100 -151 -166 -15 activity PKO BP 1 Total funding 841 H1 2017 H1 2018 31.12.2017 30.06.2018 NET DEBT / 1.4 1.2 EBITDA Non-current 1 404 1 302 ROA 1.3% 2.3% Cur
Slide 14: H1 2017 H1 2018 Change
+51% 303 201 +53% 277 181 20 25 +29% H1 2017 H1 2018 Change % yoy PKP CARGO GROUP H1 2018
Slide 15: Outlook
OUTLOOK <> PKPCARGO vecucocormme Mf 15
Slide 16: Key growth areas 2018
/ | KEY GROWTH AREAS 2018 + Harnessing the synergy potential in PKP CARGO Group Companies — appointing Board of CEOs INTEGRATION * Building competitive advantages in the North-South and East-West corridors OF THE PKP CARGO * The PKP CARGO Group as a professional logistics operator GROUP * Focus on i
Slide 17: New forecast vs published forecast
New Forecast Published forecast Change % change Operating revenue 3,914.5 3 912.9 1.6 0.0 % EBITDA 781.3 663.6 117.7 17.7% EBIT 337.3 204.0 133.3 65.3% Net profit 269.9 160.8 109.1 67.8% Capital expenditures 878.5 1 017.6 -139.1 -13.7 % New Forecast Published forecast Change % change EBITDA 904.8 77
Slide 18: PKP CARGO GROUP H1 2018
cwcocormne Mf 18 PKPCARGO SON