Letter of the appointed President of the Management Board of the 12th term

The Strategy of the Capital Group of Grupa Kęty S.A. by the year 2029 is based on strong foundations in effect of efficient performance of the 2024 Strategy. Modern machinery, high quality of products and customer service, as well as safe financial position enable further development.

The Capital Group has ambitious operational plans by the year 2029 with regard to production and sales, aimed at major excess of the market growth rate in each of the segments. Organic development will be supported with capital expenditure programme of the total value of PLN 1.7 billion, of which PLN 0.7 billion will be spent on development. It may also be supplemented by strategy-compliant acquisitions in the selected areas.

1.7
PLN billion
VALUE OF CAPITAL EXPENDITURE PROGRAMME
85
%
OF CONSOLIDATED NET PROFIT – ASSUMED DIVIDEND LEVEL
2.6
PLN billion
assumed dividend value

A series of optimising activities will enable EBITDA maintenance at the level close to that of 2024, which will translate into growing net profit. The financial plans cover annual dividend payment at the level of 85% of net consolidated profit, which represents the average 6% return on shares and is equal to the total amount of PLN 2.6 billion.

Our long-term focus is on building a strong, European Group which processes aluminium within the Aluminium Systems Segment, Extruded Products Segment and Sun Protection Systems Segment being created, with the possibility of extension for further business lines which are synergetically related to the three segments and supplement the value added chain with regard to the activities of the Extruded Products Segment.

In effect, we wish to build a European leader in the area, which will require reorganisation of the Group, higher consolidation of auxiliary functions and concentration on foreign business development. The performance of the tasks will contribute to further fast organic growth, strongly supplemented by M&A transactions. The analysis of the situation and financial potential shows that the Group is capable of financing the possible M&A transactions with its own funds and a debt for several subsequent years. Nevertheless, the acquisition possibilities and actual integration of further companies are limited by human resources and process capacity (organisational capacity of the Group), realistically not allowing to think in the near future about acquisitions exceeding the finance available. In that context, the Group treats the Flexible Packaging Segment as a valuable and attractive asset, also with regard to finance, which may be exchanged in the future for assets significantly increasing the scale of the Aluminium Group. The potential divestment of the Flexible Packaging Segment must comply with a series of criteria in order to be optimal for the shareholders, and in effect of the criteria fulfilment, Grupa Kęty shall gain a strong negotiating position.

Roman Przybylski
New President of the Management Board of Grupa Kęty S.A.