Newag (NWG) AGM 2024 presentation summary

Key events

• Achieved a record speed of 240 km/h with a domestically designed and produced vehicle for PKP Intercity.

• Signed a contract with Akiem worth €445 million for Dragon 2 locomotives.

• Received IRIS Gold Quality Performance Level for the second time, the highest ISO/TS 22163:2017 standard.

• Launched the first dual-mode vehicles with the new N-Pack module.

• Commissioned a 3MW photovoltaic installation to support sustainability initiatives.

Financial performance

• Consolidated sales revenue rose from PLN 963.9 million in 2022 to PLN 1,231.1 million in 2023.

• Gross margin on sales increased to PLN 263.1 million (21.4%).

• EBITDA grew from PLN 97.3 million to PLN 186.1 million; net profit reached PLN 95.1 million.

• Standalone revenue was PLN 1,216.6 million, with net profit at PLN 43.4 million.

• CAPEX investments totaled PLN 32.6 million, focusing on modernization and infrastructure.

Operational highlights

• Order backlog reached PLN 9.14 billion, including major contracts for PKP Intercity, Koleje Śląskie, and international clients.

• Secured 75% of electric multiple unit and 94% of electric locomotive tenders in 2023.

• Signed new contracts worth PLN 3.44 billion in the first five months of 2024.

• Increased production and modernization of locomotives, with notable growth in electric locomotive output.

• Ongoing and potential tenders include significant opportunities with regional and national rail operators.