GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Nov 22, 2022

SELECTED CONSOLIDATED FINANCIAL DATA

OF THE GIEŁDA PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE S.A. GROUP

Selected data in the statement of comprehensive income, consolidated, under IFRS

	Nine-month period ended 30 September (unaudited)
	2022	2021	2022	2021
	PLN'000		EUR'000[1]
Sales revenue	297,757	300,060	63,723	65,955
Operating expenses	(190,684)	(166,203)	(40,808)	(36,532)
Gains on reversed impairment of receivables/(Losses) on impairment of receivables	354	549	76	121
Other revenue	1,351	1,226	289	269
Other expenses	(10,044)	(1,670)	(2,150)	(367)
Operating profit	98,734	133,962	21,130	29,445
Financial income	17,928	381	3,837	84
Financial expenses	(6,328)	(9,046)	(1,354)	(1,988)
Share of profit/(loss) of entities measured by the equity method	20,702	19,154	4,430	4,210
Profit before tax	131,036	144,451	28,043	31,751
Income tax expense	(23,774)	(24,529)	(5,088)	(5,392)
Net profit for the period	107,262	119,922	22,955	26,359
Basic/Diluted earnings per share[2] (PLN, EUR)	2.56	2.86	0.55	0.63
EBITDA[3]	126,629	160,031	27,100	35,176

[1] At the incremental average exchange rate EUR/PLN for 9 months published by the National Bank of Poland (1 EUR = 4.6727 PLN in 2022 and 1 EUR = 4.5495 PLN in 2021).

[2] Based on net profit.

[3] EBITDA = operating profit + depreciation/amortisation.

Selected data in the statement of financial position, consolidated, under IFRS, not audited

	As at
	30 September 2022 (unaudited)	31 December 2021	30 September 2022 (unaudited)	31 December 2021
	PLN'000		EUR'000[1]
Non-current assets:	614,584	603,573	126,203	131,229
Property, plant and equipment	96,532	91,887	19,823	19,978
Right-to-use assets	5,754	9,084	1,182	1,975
Intangible assets	262,798	264,022	53,965	57,404
Investment in entities measured by the equity method	233,249	230,825	47,897	50,186
Other non-current assets	16,251	7,755	3,337	1,686
Current assets:	663,432	807,115	136,234	175,483
Trade receivables and other receivables	92,903	177,077	19,077	38,500
Financial assets measured at amortised cost	138,464	277,322	28,433	60,295
Cash and cash equivalents	426,871	349,324	87,657	75,950
Other current assets	5,194	3,392	1,067	737
TOTAL ASSETS	1,278,016	1,410,688	262,437	306,711
Equity	953,033	967,857	195,703	210,431
Non-current liabilities:	47,477	44,206	9,749	9,611
Lease liabilities	1,409	4,170	289	907
Other liabilities	46,068	40,036	9,460	8,705
Current liabilities:	277,506	398,625	56,985	86,669
Liabilities on bond issue	126,933	246,278	26,065	53,546
Lease liabilities	5,275	5,393	1,083	1,173
Other liabilities	145,298	146,954	29,837	31,951
TOTAL EQUITY AND LIABILITIES	1,278,016	1,410,688	262,437	306,711

[1] At the average exchange rate EUR/PLN of the National Bank of Poland as at 30.09.2022 r. (1 EUR = 4,8698 PLN) and as at 31.12.2021 (1 EUR = 4.5994 PLN).

SELECTED CONSOLIDATED FINANCIAL DATA

OF THE GIEŁDA PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE S.A. GROUP

Selected financial ratios of the Group

	As at 30 September/ nine-month period ended 30 September (unaudited)
	2022	2021
EBITDA margin (EBITDA/Sales revenue)	42.5%	53.3%
Operating profit margin (Operating profit/Sales revenue)	33.2%	44.6%
Return on equity (ROE) (Net profit for last 12 months/Average equity at the beginning and at the end of the 12-month period)	15.8%	18.5%
Debt to equity (Lease liabilities and liabilities under bond issue/Equity)	14.3%	27.6%
Cost / income (GPW Group operating expenses / GPW Group sales revenue (for a 9-month period))	64.0%	55.4%