On May 16, we learned the financial results of Bogdanka for the first quarter of this year. Despite the lack of dividend for shareholders, the company's consolidated net profit was PLN 283.9 millionwith sales revenues PLN 869 million and Ebidta at the level PLN 395 million (We write more about these and other indicators here).
Presenting the results also became an opportunity to present a new development strategy until 2030. With a perspective until 2035. As at a press conference in Warsaw, President Bogdanka Zbigniew Stopa said, the company's primary goal is “maintaining a high market position through efficiency in the production of energy carbon to implement transformation ambitions.”
In practice, the announcement is to translate into adaptation to the less and less favorable market and regulatory environment in which The extraction of hard coal is still fallingelectricity produced from it more and more often must give way to renewable energy energy system, and Polish and EU goals clearly indicate that there is no retreat from greening of the manufacturing mix.
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Diversification and new recipients
Bogdance's business complications also have to compete with the subsidized raw material in mines in Silesia. The answer to the challenges is to increase production efficiency, but also diversification of activities and search for new recipients for a product from the Lublin region.
Over the next five years, the production of Bogdanka Węgiel is to last about 8.2 million tonnes per year. By 2035 it will be only 6.6 million tonnes, so the company wants to focus on the efficiency of mining. Expansion planned for 2025-2028 will serve this raw material landfillswhich will ultimately facilitate the planning and scraping of production.
The company also intends to secure the sources of carbon acquisition by securing the concession to the mining area of Puchaczów 5 to 2049. The optimization goals also include reduction of energy consumption by 20 percent. Until 2030, when eliminating energetically inefficient processes and implementing more efficient solutions.
Representatives of the Mine Board also talked about ensuring effective crew working time and increasing the equipment efficiency (OEE) by 37 percent. in the perspective of the end of the decade.
The number of unplanned stops caused by machine and equipment failures is to decrease by 10 % at that time, and the supplies of materials to mining departments are to be shortened by 20 percent. – All these activities seek to optimize the unit cost of net extraction. Optimization will not only maintain current sales markets, but perhaps also find new potential buyers – a declaration was made.
The need to expand markets is a simple consequence of the falling demand for coal in Poland. Just over 80 percent The current production of Bogdanka goes to the power plant of its main shareholder, i.e. the group Eneahowever, she also plans to reduce her orders. The other recipients are industry, heating, but also the municipal sector or small and medium -sized enterprises; In the last two segments, Bogdanka has about 2,000 today. customers.
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Keep local jobs
The strategy involves maintaining these cooperation with simultaneously going to foreign markets, i.e. primarily Ukrainian and Slovak. So -called The geographical pension for the sale of coal is to reach 650 km from the mine, i.e. in the vicinity of Kiev. The recipient of the raw material is to be especially the industrial plants operating in our eastern neighbors.
What is the announced diversification of activities for this? In addition to the development of rail transport (Bogdanka conducts raw material to its contractors), thanks to the protection of coal production profitability, the company intends to finance new areas that will better match dynamic decarbonization.
– in the future,Let's hope that as far as possiblewhen we are not able to function on the basis of extraction, we want to continue to maintain the position of a strong industrial and energy company that provides workplaces in the region and brings value to shareholders-announced.
For key initiatives in the area of the so -called Sustainable industry belongs, for example, construction the thermal department of transforming medical waste in cooperation with the hospital in Łęczna. The company also wants to develop its infrastructure, construction or tunnel competences, offering services in this respect to new contractors. It also plans to supply the energy, heat and cold economic zone in Łęczna, and the more looser and aspirational intentions relate to the future, e.g. the development of a closed circulation economy, including recycling of photovoltaic panels.
Although the core of Bogdanka's activity for good and bad is associated with conventional energy and fossil fuels, The company intends to expand low and zero -emission energy sources. There is already one solar farm in the mine, while the other is planned. There are also plans to use waste heat from the mine, which would supply a local heating company, like the installation of a water turbine in one of the shafts.
ESG facilitates access to financing
In a less defined perspective, Bogdanka would also take up the construction of energy storage, investments in the pumow and pump power plant, but also the development of biogas plants or biomethane as well as the production of green hydrogen and synthetic fuels.
At the conference, there were also references to ESG initiatives, which is to “respond to the needs of stakeholders”; but also facilitate access to financing. The company will issue bonds, and also intends to use targeted subsidies for sustainable development, and also wants to reach for funds from the national reconstruction plan or other EU programs.
To sum up the main assumptions of the strategy, Bogdanka also presented indicators that will allow to assess the effectiveness of its implementation. Until 2030, the sale of coal outside the audience from Enea is expected to increase to 2.1 million tonnes per year (in 2024 it was 1.2 million tons). Until 2035, it is to be 2.4 million tonnes. The efficiency of carbon production per employee in five years should be 1.714 tons, and in ten years – 1.763 tons.
The assumed Ebidt result at 2030 is PLN 97 per ton, net production, and at 2035 – PLN 104. The average annual expenses for the main purposes of the company have to amount to PLN 679 million in 2030, and in the mid -forties PLN 316 million.
Representatives of the mine board also denied the hypotheses of possible exemptions. As they said, the current crew has about 5,100 people, and the decrease in production is to “ride” with natural departures; Employment reductions in Bogdance are therefore not expected.
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