Slides
Page 1
3RD QUARTER 2025 – INVESTOR PRESENTATION 23RD OCT 2025 ROMAN PRZYBYLSKI PRESIDENT OF THE BOARD RAFAŁ WARPECHOWSKI BOARD MEMBER &CFO
Page 2
(-)/(+) SUMMER DOWNHILL IN THE ECONOMY - industrial production EURO zone (y/y) source: Eurostat VII 1,8%; VIII 1,1% - industrial production Germany (y/y), source: Eurostat VII 1,5%; VIII (-)3,9% - industrial production Poland (y/y), source: GUS VII 3,0%; VIII 0,7%; IX 7,4% - construction and assembly production Poland (y/y), source: GUS VII 0,6%; VIII (-)6,9%; IX 0,2% (+)/(-) HIGH EFFICIENCY IN A DEMANDING MARKET - Higher sales and margins in the ASS - Higher volume with pressure on margins in the EPS - Higher volume and stable margins in the FPS (+) IMPROVING FINANCIAL RESULTS - EBITDA growth (PLN 295m, +17% y/y) - net profit growth (PLN 176m, +20% y/y) ANOTHER VERY GOOD QUARTER IN A DIFFICULT MARKET 2
Page 3
CONSOLIDATED FINANCIAL RESULTS 3
Page 4
QUARTERLY FINANCIAL RESULTS IN LINE WITH EXPECTATIONS PLNm 3Q 2025 3Q 2024 y/y 1-3Q 2025 y/y % of annual forecast Sales 1 447 1 355 +7% 4 243 +9% 76% EBITDA 295 253 +17% 818 +12% 83% EBITDA margin 20,4% 18,7% 19,3% Operating profit 234 199 +18% 639 +11% 86% Operating margin 16,2% 14,7% 15,1% Financial gain (loss) -19 -15 -58 Profit before tax 216 185 +17% 581 +8% Corporate tax -39 -37 -114 Net profit* 176 147 +20% 466 +1% 86% 4 • Sales revenue: higher volumes with lower raw material costs year-on-year expressed in PLN: - aluminum + ingot premium (-)3% - LDPE resin (-)14% - PP resin (-)22% • EBITDA: growth primarily in the ASS due to the dynamically expanding scale of operations • Net financial costs: primarily interest on loans - higher net debt due to the acquisition of SELT in September 2024 • Net profit: in line with estimates* Net profit attributable to shareholders of the parent company
Page 5
5 • Sales growth both domestically and internationally. In Q3 2025, the amount was PLN 95m for SELT sales / in Q3 2024, the amount was PLN 24m (consolidation from September 2024) • EBITDA growth - higher volume: approximately 8% year-on-year growth in the architectural segment and approximately 2% year-on-year growth in the roller shutter segment. In Q3 2025, the amount was PLN 22m for SELT / in Q3 2024, the amount was PLN 4m (consolidation from September 2024) • The share of sun protection products increased, primarily due to the inclusion of SELT revenues in this category • A stable share of foreign sales despite the weakening economic situation in many European markets and strong competition (both local players and the strong activity of Turkish and Spanish competitors – primarily in the area of sun protection products) ALUMINIUM SYSTEMS SEGMENT (PLNm) 3Q 2025 3Q 2024 y/y Revenues 810 678 20% Domestic 487 411 18% International 323 266 21% EBITDA 196 143 37% EBITDA margin 24,2% 21,0% 61% 36% 3% 57% 40% 4% Architectural systems Sun protection products Others Sales structure by products 3Q 2024 3Q 2025 61% 8% 5% 5% 3% 18% 60% 9% 4% 4% 4% 19% Poland Czechia + Slovakia Benelux + France UK Germany + Austria Others Sales structure by countries 3Q 2024 3Q 2025
Page 6
6 (PLNm) 3Q 2025 3Q 2024 y/y Volume sales (‚000 t) 25,5 25,0 +2% Revenues 501 511 -2% Domestic 258 264 -2% International 243 247 -2% EBITDA 48 54 -11% EBITDA margin 9,6% 10,5% EXTRUDED PRODUCTS SEGMENT • Increased sales volume - approximately 80% capacity utilization • Lower sales revenue - primarily due to a decline in raw material costs, partially offset by a 2% increase in volume (the average cost of aluminum with an ingot premium expressed in PLN decreased by approximately 3%) • EBITDA - continued margin pressure, partially mitigated by higher volumes and a restrictive cost policy • Stable share of construction products - increased sales to other sectors as a result of the active search for new customers • Stable geographic sales structure - a persistently high share of domestic sales, primarily due to the ongoing slowdown in many Western European countries 46% 21% 8% 16% 9% 46% 18% 8% 15% 13% Construction & interior furnishing Automotive & transport Machinery,electrotechnics, household appliances Wholesalers Other Sales structure by industries 3Q 2024 3Q 2025 52% 17% 6% 4% 7% 4% 10% 53% 17% 6% 4% 6% 3% 11% Poland Germany Austria Italy Czechia UK Others Sales structure by countries 3Q 2024 3Q 2025
Page 7
7 FLEXIBLE PACKAGING SEGMENT (PLNm) 3Q 2025 3Q 2024 y/y Revenues 283 297 -5% Domestic 136 139 -2% International 146 159 -8% EBITDA 62 67 -7% EBITDA margin 22,0% 22,4% • Higher volumes by 2% year-on-year in both packaging and BOPP films • Lower sales revenues – primarily due to a significant decline in LDPE and PP resin prices in PLN on global markets (14% and 22% year-on-year, respectively) • EBITDA – increasing price competition limited by effective trade policy (capacity utilization at approximately 90%) and cost efficiency • Stable sales structure – no significant changes within the packaging segment, with a decrease in the share of BOPP films, primarily due to lower raw material prices • Stable foreign sales – an increase in the share of sales to Eastern European markets 47% 32% 13% 8% 48% 29% 12% 11% Poland Western Europe Central Europe Eastern Europe Sales structure by regions 3Q 2024 3Q 2025 27% 9% 13% 12% 39%28% 10% 12% 13% 37% Instant food, cofee, spices Dairy / Fat Fresh food Others BOPP films Sales structure by sectors 3Q 2024 3Q 2025 Packaging
Page 8
1274 1501 1351 1189 1177 1,4 1,6 1,4 1,3 1,2 0,0 0,2 0,4 0,6 0,8 1,0 1,2 1,4 1,6 1,8 600 800 1000 1200 1400 1600 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 net debt net debt/EBITDA Net debt (PLNm) / net debt/EBITDA ratio 8 • High EBITDA allowed us to finance capital expenditures and the first tranche of dividend payment (no significant impact from changes in net working capital in Q3 2025). • Progress towards achieving the annual capital expenditure forecast after three quarters – approximately 47% • Other – mainly interest and taxes paid FINANCIAL RATIOS 1189 -295 26 62 164 31 1177 net debt at 30.06.25 EBITDA working capital change CAPEX dividend others net debt at 30.09.25 Nnet debt change in Q3 41 46 45 57 62 0 25 50 75 100 3Q 2024* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 CAPEX (PLNm) ** without PLN 395m for the purchase of shares in Selt Sp. z o.o. * Net debt = short-term and long-term liabilities due to loans + short-term and long- term liabilities due to rights to use assets - cash and cash equivalents
Page 9
• NO SIGNS OF SIGNIFICANT CHANGES IN THE ECONOMY - FURTHER FLUCTUATIONS IN INDICATORS • POSSIBLE CONTINUATIONOF THE COMMODITY PRICE TRENDS SUMMARY – OUTLOOK FOR THE 4TH QUARTER OPERATIONS & INVESTMENTS MARKET ENVIRONMENT FINANCE • PAYOUT OF THE SECOND TRANCHE OF THE DIVIDEND – PLN 38.77 PER SHARE • PLANNED FORMAL COMPLETION OF THE SELT INTEGRATION • ACHIEVEMENT OF 2025 RESULTS FORECASTS WITH LOWER CAPITAL EXPENDITURES • Q4 SALES VOLUME OUTLOOK (vs. Q4 2024) - ASS - GROWING - EPS - STABLE - FPS - STABLE • IN DECEMBER, CYCLICAL DECREASE IN ACTIVITY COMPARABLE TO THE PREVIOUS YEAR • OPTIMIZATION OF CAPITAL EXPENDITURE - EXPECTED CAPEX OF APPROX. PLN 230M (vs. PLN 340M FORECAST) 9
Page 10
ADDITIONAL INFORMATION 10
Page 11
• The strengthening of the PLN vs. USD by approximately 7% limited the increase in aluminum costs in Q3 (the average aluminum price increased by approximately 1% year-on-year in PLN terms). • The average billet premium decreased by approximately 20% in PLN terms. • The prices of LDPE and PP resins decreased by 14% and 22% year-on-year in PLN terms, respectively. 11 PRICES OF THE MAIN RAW MATERIALS 1 213 1 138 1 204 1 153 1 050 1 155 1 050 1 079 990 913 400 800 1 200 1 600 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Prices of the LDPE and PP resins ICIS spot low (EUR/t) LDPE PP 2720 100 200 300 400 500 600 700 Jul '24 Sep '24 Nov '24 Jan '25 Mar '25 May '25 Jul '25 Sep '25Oct '25 Billet premium (USD/t), DDP North Germany 515
Page 12
12 Annual forecast (PLNm) 2025 2024 y/y 1-2Q 2025 % of the annual forecast Revenues 5 612 5 144 +9% 4 243 76% EBITDA 990 932 +6% 818 83% Operating profit 744 721 +3% 639 86% Net profit 541 561 -4% 466 86% CAPEX 343 664 164 47% Volume sales (`000 t) 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Extruded Products Segment 25,0 18,7 25,5 26,8 25,5 FPS – packaging (mln sqm) 112 116 122 113 114 FPS – BOPP foil (`000 t) 14,1 11,8 14,2 14,0 14,3 EBITDA per Segment (PLNm) 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Extruded Products Segment 54 43 46 56 48 Aluminium Systems Segment 143 113 123 181 196 Flexible Packaging Segment 67 44 69 68 62 Production capacity utilization (%) 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Extruded Products Segment 81 66 83 87 80 Flexible Packaging Segment 91 82 90 90 90 ADDITIONAL INFORMATION
Page 13
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undertaking, or any recommendation to enter into any transactions, particularly transactions concerning the securities of Grupa Kęty S.A. This Presentation may contain forward-looking statements that have been adopted on the basis of a number of assumptions, expectations and projections. They are encumbered with risks and uncertainties and the real performance may substantially differ from the statements included in this presentation. It should be noted that such statements, including statements concerning expected future financial results, do not represent or warrant that such results will be accomplished in the future by Grupa Kęty S.A., any subsidiary of Grupa Kęty S.A. or the Capital Group of Grupa Kęty S.A. No representations or warranties may be given with regard to the completeness or the reliability of the information presented in this Presentation. In addition, no information contained in this Presentation creates an obligation for or a statement by Grupa Kęty S.A., the members of the Management Board of Grupa Kęty S.A., the employees of Grupa Kęty S.A., the subsidiaries of Grupa Kęty S.A. or the representatives of such persons. Grupa Kęty S.A. is not obliged to update or make public any changes, updates or modifications of any forward-looking statements included in this presentation. Neither Grupa Kęty S.A. nor any of the members of its Management Board or its employees will be liable for any damage resulting from any use of this Presentation or the information contained in it, or on any other basis related to this presentation. This Presentation is not to be disseminated in the countries in which the public dissemination of the information contained in this Presentation may be restricted or prohibited by law. IR CONTACT MICHAŁ MALINA Phone: +48 33 8195 478 Mobile: +48 600 083 001 Email: mmalina@grupakety.com WWW.GRUPAKETY .COM