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Investor’s Newsletter APRIL 2018

Dear Shareholders, I would like to present the April’s newsletter of PROJPRZEM MAKRUM S.A. Colportage of a company newsletter is another step we take in building new, open information policy of the company and to inform our current and future shareholders about the most important events in everyday operation of PROJPRZEM MAKRUM S.A.

I invite you to read the publication, and if you have any questions about the Company, I encourage you to contact us.

Sincerely, Anita Depka-Prądzyńska Investor Relation Specialist

Share price – April 2018

The share price between the last day of March and April dropped from PLN 16.50 to PLN 15.00. The first week of May, however, brought a reversal of the trend and a sharp increase to 18.15 PLN. It may be related to the recommendation of the Supervisory Board regarding dividend payment, announced in early May. The average value of the exchange rate in April is PLN 15.59. The highest value reached this month is PLN 16.70 (April 11, 2018).

Share price – last quarter

In the last three months, the exchange rate fell from PLN 19.90 (last day of January) to PLN 15.00 (last day of April). In the long term, the price respects the upward trend, especially fast growing from midNovember. The highest value in the period of this quarter was PLN 20.00 reached on January 31.

Growth of share price - an annual perspective

Największe wzrosty wartości kurs osiągnął na przełomie czerwca i lipca oraz listopada i grudnia 2017. In the perspective of twelve months, the share price has significantly increased - from PLN 9.67 to PLN 15.00, which gives a return rate of 55.1%. The largest increases the exchange rate achieved at the turns of June and July & November and December 2017.

Changes in the share price PROJPRZEM S.A. vs. the market

Price changes against the market, data downloaded: 01-03-2018, 8:00 am, source:

In the last 5 years, PROJPRZEM MAKRUM’s shares behaved much better than the entire market. We recorded an increase of 81.05%, which is over twice as high as the WIG index (broad market index), which increased only 33.850% in this period. Also in the two-year, annual, semi-annual and shorter perspectives we recorded an increase many times higher than WIG. PROJPRZEM MAKRUM was also better than the WIG-BUD index representing the industry, which brought losses.

Publication of financial results for 2017 PROJPRZEM MAKRUM S.A. the Industrial Group published financial results for 2017. Its revenues amounted to PLN 199.2 million and increased by 61.8% compared to 2016. EBITDA amounted to PLN 19.08 million and was over 13 times higher than in the previous year. The EBITDA margin was 9.58% (compared to 1.43% in 2016). The net result amounted to PLN 10.8 million, compared to the loss of 4.7 million suffered a year earlier. 2017


Revenues from sales

199 190

123 109

Operating profit (loss)

14 996

-2 339

Gross profit (loss)

14 524

-2 614

Net profit (loss)

10 845

-4 716


19 080

1 431

Total assets

187 559

129 671

Total equity

101 377

91 030

Earnings per share



Thousands, PLN

We see a significant improvement in the company's condition year by year. This was influenced by extensive reorganization activities, including the optimization of the production, market and human capital potential of the entire Group. The achieved results are both encouraging and motivating to maintain the growth in the coming years„ - comments Piotr Szczeblewski, President of the Management Board of PROJPRZEM MAKRUM S.A.

Publication of financial results for 2017 Sales increased in all operating segments. In the segment of docking solutions, revenues increased by 19.4% to the level of PLN 110.4 million. The steel structure segment contributed PLN 60.5 million (a 135% increase), while in the industrial construction segment, revenues amounted to PLN 25 million (more than a 10-fold increase y/y). In addition, in 2017, the value of exports increased by 30%.

“The most profitable branch of our operations are currently docking solutions. Their growth should remain dynamic, in connection with the growth on logistics market and the development of ecommerce in Poland. We also focus on strengthening the PROMStahl brand on the international docking solutions market�- comments President Szczeblewski. Individual results: Last year, the company generated a revenue of PLN 112.5 million, compared to PLN 86.1 million in 2016, and a net profit of PLN 8 million, compared to a loss of 4.6 million in 2016.

More about the results

Discussion of results for 2017 by President Piotr Szczeblewski We invite you to watch the video of President of the Board Piotr Szczeblewski discussing the results of PROJPRZEM MAKRUM for 2017:

The dividend recommendation in PROJPRZEM MAKRUM

With the current report from May 2, 2018, the Management Board of PROJPRZEM MAKRUM informed about the recommendation of the Supervisory Board regarding the payment of a dividend to the shareholders of the company. The Supervisory Board of PROJPRZEM MAKRUM S.A. informed the Management Board of the company about adopting a resolution regarding the recommendation of allocating the net profit for 2017 in the amount of PLN 8,141,000 to the dividend. The dividend wolud amount to PLN 5,982,716,00, ie PLN 1 per share. The remaining amount of the generated profit, the Supervisory Board recommended to allocate to the Company’s supplementary capital. The ordinary general meeting of shareholders will decide on the payment of the dividend, which was convened for May 29, 2018.

"The fundamental situation, low indebtedness and the ability to sell non-operational assets allow for the payment of dividends without prejudice to the company's development plans" - comments Piotr Szczeblewski, President of the Management Board of PROJPRZEM MAKRUM S.A.

Video form Książęca Street III Conference On last weekend of March, in cooperation with a popular investment blogger – Albert Longterm Rokicki, Grupa Kapitałowa IMMOBILE S.A. and PROJPRZEM MAKRUM S.A. hosted a group of capital market enthusiasts at the Książęca Street III conference. We present the video relation from the event:

Next large-size transports from MAKRUM factory Next machines left MAKRUM factory. We have completed the preparation of transport of a large-size drying room and timber chipper. The dryer was executed under a contract for delivery and assembly of auxiliary materials. Coke, sand and limestone are the auxiliary materials that will be used in the melting process. The length of the drum of the drying room is as much as 15.4 mm. The loading of this large-size machine is possible thanks to the gantry located in front of our factory. The gantry can lift the elements with the weight of even 50 tonnes.

Next large-size transports from MAKRUM factory A timber chipper, on the other hand, was transported to one of our Scandinavian customers. The drive assembly was transported as first. The second loading concerned the Drum Chipper that weight as much as 48 tons. The machine will form a part of technological line supplying biomass to a boiler.

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Next large-size transports from MAKRUM factory ’ The preliminary assembly of the cossette pre-scalder. The assembly was performed for the purposes of preliminary detection of any possible dimensional non-compliances. Thanks to that it is possible to exactly match and designate the specific parts, i.e. the pre-scalder body, the cover of the drive side and the cover of the screens side as well as the chute. After the preliminary assembly all elements were disassembled and they are prepared for painting.

MAKRUM factory in the lens of Bydgoszcz’ high school students We are pleased to present photos made by talented students of the 7th High School in Bydgoszcz, during one of the walks around MAKRUM factory. The photos are the result of cooperation with the second class of an editorial and media profile of the Bydgoszcz’ high school. The youth, as part of the workshop exercise, plans to document interesting events connected with MAKRUM crushing and grinding machine factory. The presented photos were created when young photography adepts visit the factory and became acquainted with the activities of PROJPRZEM MAKRUM S.A. the Industrial Group, and in particular with the offer of the machine segment.

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MAKRUM factory in the lens of Bydgoszcz’ high school students

PROMStahl realisation for DHL company in Gdańsk The next implementation of the docking solutions segment of the PROJPRZEM MAKRUM S.A. Group was finalized. In Pomerania, four bridges have been installed for the leading courier company: two for truck service and two platforms with a shared drive that enables docking of delivery vehicles and buses. All devices have a 1000 mm ramp, an insulated platform and special brush seals. PMV sealing was applied to the platforms to a depth of 900 mm. PROMStahl also delivered 28 gates to Gdańsk

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Almost 100 gates of PROMStahl for DPD courier company Implementation for DHL is not the only cooperation with the courier industry leaders. Complex docking stations and 93 gates – such devices, the company PROMStahl, representing the docking solutions sector of PROJPRZEM MAKRUM S.A. the Industrial Group, delivered to the Lublin branch of the courier company DPD. 81 courier gates and 12 electric docking gates were installed in Lublin. In addition to the gates, we also delivered 12 hydraulic platforms with a PS tilting and the same number of mechanical PMV sealing sleeves. Each reloading stand has been equipped with PGF bolts with a PZPS cover plate, PEF guides and LED halogen lamps.

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The new investment project of PROJPRZEM Budownictwo in Warsaw We present one of the latest realizations of PROJPRZEM Budownictwo - Construction of Galeria Handlowa in Warsaw at Naczelnikowska / Birżańska Streets. The subject of the project is a commercial and service building with an area of approximately 2,272 m2. It is a single-storey building, whose structure is a repeatable frame transverse system, made of prefabricated elements and girders supported on poles. The building is located directly on benches and foundation footings. The finishing of the building will be a tight wall made of sandwich panels. Zobacz więcej

MAKRUM at the XVIII MINERAL AGRICULTURAL CONFERENCE On April 18-20, 2018 MAKRUM representatives took part in the MINERAL AGGREGATE Raw Materials – Market – Technologies – Quality Conference. The conference was set up by the Association of Engineers and Technicians of Mining in Wrocław, Faculty of Geoengineering, Mining and Geology of the Wrocław University of Technology. The subject matter of the conference is directly related to the MAKRUM production profile – with the crushing and grinding machines used widely for processing aggregates. Therefore, during such a profiled event, the representatives of PROJPRZEM MAKRUM represent the machinery sector of the Group and promote the MAKRUM offer as well as exchange opinions with other specialists of the aggregate industry.

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Investor's Newsletter APRIL 2018  

Newsletter of PROJPRZEM MAKRUM S.A. - April 2018

Investor's Newsletter APRIL 2018  

Newsletter of PROJPRZEM MAKRUM S.A. - April 2018