Trakcja Tiltra S.A. Diversified Infrastructure Construction Group

Transcription

1 Trakcja Tiltra S.A. Diversified Infrastructure Construction Group November 212

2 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 3,5 bn. The growth of the planned CAPEX exceeds the sector s available capacity. Total expenditure on roadworks in is expected to amount EUR 8 bn. 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 2

3 Structure of the Trakcja Tiltra Group TRAKCJA - TILTRA S.A. - electrification - power engineering - production of substation equipment and components 1% 1% 82,35% 1% 96,84%,48% Przedsiębiorstwo Robót Kolejowych PRK 7 Nieruchomości TORPROJEKT Lithold AB * i Inżynieryjnych S.A. AB Kauno Tiltai - electrification - track structure and substructure - real-estate development - project documentation - engineering structures construction of roads, bridges, - holding entity tunnels, railways, airports, water ports, utilities infrastructure, production of construction materials 5% 77% 1% Bahn Technik Wrocław 22% Silentio Investments 1% 85,85% AB Kauno Tiltai - branch in Poland - rail bonding and welding 1% 1% Poldim in liquidation bankruptcy S.A. UAB Verksioniu karjeras 75,1% 75% UAB Pletros investicijos 99,3% NRR Grupa POLDIM 1% 94,93% PRD w Mielcu 5,54% Poldim Dębica S.A. 1% Poldim Mosty 25% PD LAMBDAR - construction of roads, bridges - maintenance of the roads - production of construction materials UAB Kelda 1% 1% 1% 1% UAB Taurakelis 1% 1% Dalba 94,62% PDM Białystok S.A. AB Kauno Tiltai TUB konsorciumas Tiltra AB Kauno Tiltai TUB konsorciumas Tiltra - branch in Poland P.E.U.I.M. UAB Kedainiu automobiliu keliai - construction of roads Brux PT Kruszywa,2% * in liquidation 57,78% PDM w Brzesku Sp. z o.o. 3

4 Current Projects TRAKCJA TILTRA GROUP: Key railway projects (Projects over 3 mpln) 1 Project Modernisation of railway line no. 223 Czerwonka Ełk, on the Orzysz Ełk section at km Compensation for the Consortium (PLN m)* Scheduled completion date 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 The Group's role (TT S.A.) (TT S.A.) (TT S.A.) (TT S.A.) 6 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 (TT S.A.) 7 Modernisation of railway line No. 358 on section Zbąszynek Czerwieńsk with construction of railway siding Pomorsko Przylep bypassing Czerwieńsk station Stage I At present, Trakcja Tiltra Group is executing thirteen key projects in railway infrastructure for a total value in excess of PLN 4. bn, where Group companies are hired either as general contractors or subcontractors 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 Modernization of railway from Radviliskis to Pagegiai Vilniaus railroad bypass Kyviškės-Valčiūnai second road construction * assumed LTL/PLN exchange rate of 1, (PRKiI S.A.) (PRKiI S.A.) (PRKiI S.A.) (PRKiI S.A.) (PRKiI S.A.)

5 Current Projects TRAKCJA TILTRA GROUP: Key civil projects (Projects over 3 mpln) Project Name Compensation for the Consortium (mpln)* Scheduled completion date 1 Jakai crossing construction phase II on Vilnius-Kaunas highway 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 * assumed LTL/PLN exchange rate of 1, The Group's role Consortium Partner 5

6 Quarterly update: 9M 212 vs. 9M 211 (PLN ') CONSOLIDATED INCOME STATEMENT 9M 212 9M 211 value variance % variance Sales % Gross margin % as %of sales 4,7% 6,1% -1,4 pp Cost of sales and overheads % Other operating activity % EBIT % % of sales 4,3% 2,9% 1,5 pp EBITDA % Financial activity Gross profit % Tax % Net profit % Net profit attributable to shareholders of parent entity % EPS (attributable to shareholders of parent entity),8,3,5 167% Sales revenue (mpln) % 987 9M 211 9M EBIT (mpln) % 9M 211 9M Net profit (mpln) 19 93% 7 9M 211 9M 212 6

7 Quarterly update: Q3 212 vs. Q3 211 (PLN ') CONSOLIDATED INCOME STATEMENT Q3 212 Q3 211 value variance % variance Sales % Gross margin % as % of sales 4,8% 5,2% -,4 pp Cost of sales and overheads % Other operating activity EBIT % as % of sales 1,5% 1,9% -,4 pp EBITDA % Financial activity Gross profit Tax Net profit Net profit attributable to shareholders of parent entity EPS (attributable to shareholders of parent entity) -,3,3 Sales revenue (mpln) EBITDA (mpln) Net profit (mpln) % Q3 211 Q3 212 Q3 211 Q Q3 211 Q

8 Quarterly update: Q3 212 vs. Q2 212 (PLN ') CONSOLIDATED INCOME STATEMENT Q3 212 Q2 212 value variance % variance Sales % Gross margin % as % of sales 4,8% 5,3% -,5 pp Cost of sales and overheads % Other operating activity EBIT as % of sales 1,5% -,3% 1,8 pp EBITDA Financial activity Gross profit Tax Net profit Net profit attributable to shareholders of parent entity EPS (attributable to shareholders of parent entity),12 -, Sales revenue (mpln) 382 6% EBITDA (mpln) Net profit (mpln) Q2 212 Q Q2 212 Q Q2 212 Q

9 Order backlog Order backlog (mpln) * PLN LTL EUR For 212 For 213+ Trakcja - Tiltra & PRKiI ,%,%,% Kauno Tiltai AB Group** 878 3,5% 96,5%,% Trakcja Tiltra Group ,3% 24,7%,% (*) including contracts signed after September 3, 212 (**) assumed LTL/PLN exchange rate of 1,1914 9

10 New contracts Contracts signed in 212: Region mpln* 1 Modernization of tracks 1 and 2 and curves correction on the sectionkozłów - Starzyny Trakcja - Tiltra & PRKiI Subg 14 2 Construction of trolleybus traction and construction of Kolejarz" power substation in Lublin Trakcja - Tiltra & PRKiI Subg 13 3 Modernization of catenary on the section of Szeligi - Idzikowice Trakcja - Tiltra & PRKiI Subg 24 4 Other projects of Trakcja Subgroup Trakcja - Tiltra & PRKiI Subg 16 5 Road construction No 671 Janów - Korycin Kauno Tiltai PL Subgroup 19 6 Other contracts of Kauno Tiltai PL Subgroup Kauno Tiltai PL Subgroup 18 7 Construction of a bridge between Juozapavicius str. and Tilto str. Kauno Tiltai LT Subgroup kv overhead transmission line replacement cable from L. Asanaviciutes street by Ozo Kauno Tiltai LT Subgroup 4 9 Repair of bridge across the Niemen river within the A5 state highway Kaunas - Bialystok - Suwalki, at 4.91 km (right lane) Kauno Tiltai LT Subgroup 1 1 Trans-European road network E85. Vilnius Southern bypass construction. Contract no. 3 Kauno Tiltai LT Subgroup Repair of asphalt pavement within National Road No 129 Hammel-Jieznas-Alytus Merkinė, from 3.3 to 14.2 km Kauno Tiltai LT Subgroup 9 12 Reconstruction of Trans-European Network road E77 (Riga-Chandigarh-Konin-Kaliningrad), Phase II, A12 road section between 92.5 and 98. km Kauno Tiltai LT Subgroup Cconstruction of the second road within the section Kulupenai-Kretinga (Lithuania) Kauno Tiltai LT Subgroup Construction of the second road within the section Pavenčiai - Raudėnai (Lithuania) Kauno Tiltai LT Subgroup Construction of the second road within the section Telšiai - Dūseikiai (Lithuania) Kauno Tiltai LT Subgroup Execusion of works in the East of Latvia P36 Rezekne- Gulbene section from 76,3 km to 86,5 km; asphalt layout and reconstruction of metal bridge over Rezekne river Kauno Tiltai LT Subgroup Other projects of Kauno Tiltai LT Subgroup Kauno Tiltai LT Subgroup 75 Total 747 * assumed LTL/PLN exchange rate of 1,1914 1

11 Pending tenders 1 2 Announced and started tenders Reconstruction of the station Tunnel under job Nr.: "modernization of the station Tunnel on the railw ay line no 8 Warsaw West Kraków Głów ny Bed" Design and execution of the w orks w ithin the framew ork of the project "Improving the quality of transport services by improving the condition of the railw ay line no 143 on the episode of Kalety is Kluczbork" Offer value mpln* Currency Contract type Tendering date Notes 45 PLN build 4 October 212 PRKiI No3 39 PLN design and build 3 October 212 PRKiI No3 354 Announced tenders Currency Contract type Expected tendering date Region Railw ay projects Design and execution of the w orks w ithin the framew ork of the project "Improving the quality of transport services by improving the condition of the railw ay lines No 61 and 7 for a distance of Częstochow a is Fosow skie" Design and execution of w orks under the project: "Improving the quality of transport services by improving the technical condition of the railw ay line No 132 on the section Błotnica Strzelecka - Opole Groszow ice" Construction of Trolley overhead system together w ith its pow er system, traction substation Poręba and modernization of road lightning in streets: Jana Paw ła II (section Armii Krajow ej - Granitow a), Armii Krajow ej (section Jana Paw ła II - Orkana) and Granitow a in Lublin w ithin project Integrated Public Transportation System in Lublin PLN design and build 13 November 212 PRKiI PLN design and build 26 November 212 PRKiI PLN build 3 December 212 TT 11