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Strategy for 2024-2026

EQUNICO SE development strategy for 2024-2026

  1. INTRODUCTION

On September 24, 2024, the District Court for Kraków Śródmieście in Kraków, XII Division of the National Court Register, registered the change of the name of RESBUD SE to EQUNICO SE based on the resolution of the General Meeting of Shareholders of RESBUD SE.

This was another step in creating a new quality in a listed company whose shares have been listed on the Warsaw Stock Exchange since 2007. This process began in 2019, when new shareholders, unrelated to the then owners, purchased a controlling stake in RESBUD SE.

As a result of the resolution of the General Meeting of Shareholders of the company in 2022, the registered office of RESBUD SE was transferred from Estonia to Poland, which was confirmed by an entry in the National Court Register on December 29, 2022.

A key step in building the current shape of the Company was the contribution of assets to RESBUD SE in the form of 100% of shares in Conpol Sp. z o. o. and Uniwersim Sp. z o. o. and a controlling interest of 58,41% of shares in Elektrqishloqqurilish JSC, a company listed on the Uzbekistan stock exchange.

Based on these assets, EQUNICO SE began the process of creating a new business concept based mainly on energy, construction and the production of bitumen and concrete, both on the Polish and Uzbek markets and using the synergy effect of these markets.

Currently, EQUNICO is a capital group consisting of companies operating in various industries, managed in an integrated and flexible manner, so as to adapt their potential to changing market conditions. These companies operate both in Poland and Uzbekistan, in industries with high investment development prospects. It is this regional diversification, assets held (real estate, machinery park), cooperation capabilities as well as market recognition in Central Asia and highly qualified staff, that will provide the capital group EQUNICO SE (hereinafter: EQUNICO Group) with the possibility of implementing high-margin projects in the years 2024-2026.

 

  1. GOALS, COMPETITIVE ADVANTAGE, BENEFITS

Owning shares in entities on two markets (Poland and Uzbekistan) at different stages of economic development means enormous potential, the use of which is the foundation of EQUNICO SE’s development strategy for 2024–2026.

The company has begun implementing a program to manage its resources in both countries in a way that ensures optimal efficiency and the highest income for the capital group, including integration in the organizational, quality and reporting areas.

The key asset that guarantees a source of growing income in the coming years is the Uzbek subsidiary Elektrqishloqqurilish JSC, which is the largest Polish investment in Uzbekistan. Its core business is the production, construction, installation and modernization of power lines and the construction of power substations, as well as the production of steel and reinforced concrete products. Elektrqishloqqurilish JSC is a leading contractor of power grid facilities in Central Asia. It performs power engineering works for renowned manufacturing companies such as Hyundai Engineering, Eriell and Hengyuan Group Co. Ltd. Its assets include the Steel Structure Factory in Namangan, the Concrete Products Factory in Quvasoy and the Technological Equipment Production Plant in Tashkent.

After EQUNICO SE took over control of this company, new production lines were purchased to increase the processing capacity of the plant in Namangan and the plant in Quvasoy. Elektrqishloqqurilish JSC has 7 bases in Uzbekistan located in attractive places for investors, with a total area of ​​over 50 ha and a machine park of 430 machines. This company currently employs about 1100 specialists, including those with all the required authorizations for the construction and maintenance of electrical power installations.

In this context, it is important that Uzbekistan is actively investing and intends to invest in the development of infrastructure and industry, which creates new opportunities for businesses. National Strategy ” development of the new Uzbekistan for 2022-2026 "assumes investment in the country in the amount of $120 billion, including attracting foreign capital worth $70 billion. Priority is given to sectors such as energy, ecology, municipal management and water management.

In most of these areas, Elektrqishloqqurilish JSC has extensive experience and resources capable of implementing new projects. In connection with the above, the company is intensively preparing to service planned modernization projects in Uzbekistan.

In response to the growing demand for energy, the Uzbek authorities have decided to build large photovoltaic farms with a capacity ranging from 500 MW to.1GW each. Elektrqishloqqurilish JSC as a leading player in the energy industry, having strong relations and trust of the Uzbek government due to its previous involvement in the construction of power grids in Uzbekistan, will certainly become a key contractor for the State Power Grids of Uzbekistan in the coming years.

The potential of this company creates unique opportunities to fully exploit the upcoming changes in the electricity market. The dynamic development of the renewable energy sector in Uzbekistan also has a positive impact on other companies in the EQUNICO Group.

 

EQUNICO SE also has plans to expand its development activities in Uzbekistan, which will allow it to take advantage of the dynamically developing real estate market.

The first development project implemented by Elektrqishloqqurilish JSC, as part of the new strategy of the EQUNICO Group, will be the construction of 22 m² of residential usable area (PUM) on a plot of land belonging to the company in Tashkent. Due to the profitability of development margins, this will bring real financial benefits to the Group and its shareholders.

Almost a hundred years of experience in the industry, the company's expert staff and its technical background guarantee a wide range of work performed. EQUNICO SE intends to fully utilize this potential using the know-how and experience of Polish companies of the EQUNICO Group, in order to strengthen the Group's strong position on the dynamically developing Uzbek market.

 

 

Uzbekistan, as a country of growing importance in the Central Asian region, is attracting increasing attention from investors due to its dynamic economic reforms and strategic location. Partnerships with international institutions such as the World Bank not only support the country's economic stability but also build the infrastructural foundations necessary to attract foreign capital. Thanks to its openness to external investments, Uzbekistan is becoming increasingly competitive. Key sectors such as agriculture, textiles, mining and energy offer numerous development opportunities for investors. Additionally, access to modern technologies and know-how from abroad can contribute to more efficient use of local resources, as well as improve the quality of products and services on the market. Numerous economic reforms aimed at simplifying business procedures and increasing administrative transparency also contribute to improving the investment climate. The variety of natural resources, such as natural gas, oil and precious metals, are an additional asset that can attract the interest of foreign companies. In the context of dense population (approx. 35 million inhabitants), Uzbekistan has a significant domestic market, which creates the potential for companies to grow and develop their activities. Combined with favorable conditions for entrepreneurship, Uzbekistan is becoming a key point on the investment map of Central Asia, which provides an opportunity for further economic development and improvement of the quality of life of its inhabitants.

 

Using the strong position of Elektrqishloqqurilish JSC on the Uzbek market and its existing business contacts, EQUNICO SE intends to create a center supporting Polish entrepreneurs in creating and developing their businesses in Uzbekistan. Initial talks are currently underway with Polish companies from the agricultural, food and service sectors interested in entering the Uzbek market.

The EQUNICO Group also plans to support Polish entrepreneurs from various industries in developing their business in Uzbekistan, with a view to further diversification and cooperation also in the direction of investments from Uzbekistan to Poland. Having two markets at different stages of economic development gives the company a significant advantage and the potential to implement ambitious projects in the coming years.

One of the key elements of the development of economic cooperation supported and initiated by EQUNICO SE is the use of Uzbekistan as a logistics centre also for cooperation with neighbouring countries – Kazakhstan, Kyrgyzstan and Tajikistan.

Uzbekistan has a lot to offer as a hub for economic cooperation in the Central Asian region. As a key player in this strategy, EQUNICO SE, through cooperation with local experts, can not only facilitate entry into the more difficult markets of Kazakhstan, Kyrgyzstan and Tajikistan, but also increase the efficiency of its operations. Thanks to favorable demographic conditions, growing economy and different market needs of these countries, investments in the region can bring significant profits. By supporting local initiatives and strengthening contacts with local companies, EQUNICO SE can build lasting business relationships that will serve as a foundation for future projects. One of the interesting areas of expansion is the trading of CO2 emission certificates, which is in line with global trends of striving for sustainable development and emission reduction. As Central Asian countries begin to recognize the importance of climate policy, EQUNICO SE has the opportunity to use its experience and know-how to become a leader in this sector. Uzbekistan, as a country with a strategic location and growing importance in the region, provides EQUNICO SE with a unique opportunity to invest and actively participate in shaping the energy market and sustainable development in Central Asia. By taking action in the area of ​​emission certificates, the Company not only contributes to the fight against climate change, but can also become a pioneer in the development of a green economy in this region.

 

Polish companies in the EQUNICO Group are:

- Conpol Sp. z o. o. with an engineering and construction profile;

The projects it has implemented have allowed it to develop a modern form of business and to acquire a number of specialist industry companies for cooperation. The company actively participates in acquiring new contracts, assuming an increase in economic efficiency and an increase in sales revenues in the coming years, thus building a stable order portfolio.

Currently, Conpol Sp. z o. o. is preparing the implementation of a construction project in Switzerland "Reconstruction of an existing hotel into apartments together with the modernization of the accompanying infrastructure" and an investment covering the construction of single-family houses.

– Uniwersim Sp. z o. o. manufacturer of mineral-bituminous masses intended for the production of all structural layers of road surfaces.

Due to the growing demand for products offered by Uniwersim Sp. z o. o., a trend of increasing profitability is expected in the coming years.

 

Summarizing the presented goals, it can be noted that the EQUNICO Group, thanks to cooperation with the Uzbek company, is perfectly prepared to implement ambitious construction and infrastructure projects in Poland in the coming years. The planned investments, which are to come from EU funds, cover key areas such as energy, railways and roads, which are priorities for Polish institutions responsible for infrastructure. The value of projects estimated at several hundred billion zlotys creates huge opportunities for the EQUNICO Group, whose potential is strengthened by advanced production technologies in Uzbekistan. Lower costs of manufacturing steel elements can contribute to better competitiveness in tenders carried out in Poland, which is crucial in the context of large infrastructure investments.

In addition, the presence of the EQUNICO Group on two markets not only increases the availability of specialized staff, but also the flexibility in adapting resources to the needs of projects. In the face of deficits on the Polish labor market, this strategy may prove crucial for the timely and effective implementation of planned projects. All these factors indicate the solid foundations of EQUNICO SE for effective competition and cooperation in the upcoming infrastructure investments in Poland and ensuring high quality of task execution.

 

EQUNICO SE Management Board

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