Current Report No.: 7/2024
Management Board of Boryszew S.A. (Issuer, Company) announces that, pursuant to a resolution of the Issuer’s Supervisory Board dated April 17, 2024 on the approval of the document titled: “Business Strategy for Boryszew Group for 2024–2028” (Strategy), the Company adopted for implementation on the same date an updated development strategy until 2028, assuming, among other things:
1.creation of new business segments in energy storage and circular economy, including but not limited to:
a) construction of 5 MW and 50 MW energy storage facilities,
b) construction of installation for thermal transformation of waste: municipal and hazardous in Toruń,
c) construction of additional facility for thermal transformation of hazardous waste in Konin;
2. continued development of the most profitable products by expanding into new markets and diversifying end customer sectors, including but not limited to:
a) in the Automotive Segment: construction of new production capacity (China),
b) in the Metals Segment: doubling the production capacity of aluminium conductors and introducing higher value-added products by 2025 (NPA Skawina Spółka z o.o.) plus expanding production capacity of alloy products (WM Dziedzice S.A.);
3. maintaining a high year-on-year EBITDA growth rate in 2024-2028 and reaching an EBITDA level of app. PLN 590 million in 2028;
4. ensuring the required liquidity in Boryszew Capital Group through optimisation of resources used;
5. decommissioning low-margin assets in the Chemicals and Metals Segments;
6. utilising 100% net green electricity as of 2030.
The Issuer points out that taking into consideration the remote time perspective and the possibility of occurrence of a number of external factors as well as unpredictability of risk factors resulting from the above, the above presented figures cannot be considered as forecasts for the strategy validity period, but only as an estimation of expected levels of revenues in relevant business areas that Boryszew Capital Group will strive to achieve.
The new Strategy is a response to the rapidly changing market environment and the challenges of the energy transition. The strategy extends the time horizon of the outlined strategic goals indicated in the document “Business Strategy for Boryszew Group for 2022-2026” adopted by the Company in May 2022, which the Company reported in current report No. 22/2022 on 17 May 2022, and the dynamics of reaching the goals, so formally the Strategy replaces the aforementioned document of May 2022.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.