GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Sep 21, 2021

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, not audited

	Period ended 30 June (unaudited)
	2021	2020	2021	2020
	PLN'000		EUR'000[1]
Sales revenue	209 437	198 643	46 123	44 997
Operating expenses	(116 787)	(100 214)	(25 719)	(22 700)
Gains on reversed impairment of receivables/(Losses) on impairment of receivables	1 302	(278)	287	(63)
Other revenue	679	1 795	150	407
Other expenses	(601)	(5 468)	(132)	(1 239)
Operating profit	94 030	94 478	20 708	21 401
Financial income	369	5 425	81	1 229
Financial expenses	(6 647)	(14 748)	(1 464)	(3 341)
Share of profit/(loss) of entities measured by the equity method	13 217	6 385	2 911	1 446
Profit before tax	100 969	91 541	22 236	20 736
Income tax expense	(17 052)	(18 784)	(3 755)	(4 255)
Net profit for the period	83 917	72 757	18 481	16 481
Basic/Diluted earnings per share[2] (PLN, EUR)	2,00	1,73	0,44	0,39
EBITDA[3]	111 422	113 220	24 538	25 647

[1] At the incremental average exchange rate EUR/PLN for six months published by the National Bank of Poland (1 EUR = 4.5408 PLN in 2021 and 1 EUR = 4.4146 PLN in 2020).

[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 June 2021 (unaudited)	31 December 2020	30 June 2021 (unaudited)	31 December 2020
	PLN'000		EUR'000[1]
Non-current assets:	599 527	592 110	132 615	132 582
Property, plant and equipment	92 809	97 333	20 529	21 794
Right-to-use assets	11 533	13 984	2 551	3 131
Intangible assets	256 209	253 200	56 673	56 695
Investment in entities measured by the equity method	226 586	220 395	50 121	49 350
Other non-current assets	12 390	7 198	2 741	1 612
Current assets:	844 358	773 362	186 772	173 167
Trade receivables and other receivables	65 754	55 229	14 545	12 367
Financial assets measured at amortised cost	499 229	305 131	110 429	68 323
Cash and cash equivalents	275 922	411 018	61 034	92 033
Other current assets	3 453	1 984	764	444
TOTAL ASSETS	1 443 885	1 365 472	319 387	305 748
Equity	897 158	918 129	198 451	205 582
Non-current liabilities:	167 150	288 947	36 974	64 699
Liabilities on bond issue	124 937	244 738	27 636	54 800
Lease liabilities	6 846	9 493	1 514	2 126
Other liabilities	35 367	34 716	7 823	7 773
Current liabilities:	379 577	158 396	83 962	35 467
Liabilities on bond issue	121 127	1 167	26 793	261
Lease liabilities	5 411	5 396	1 197	1 208
Other liabilities	253 039	151 833	55 972	33 998
TOTAL EQUITY AND LIABILITIES	1 443 885	1 365 472	319 387	305 748

[1] At the average exchange rate EUR/PLN of the National Bank of Poland as at 31.06.2021 (1 EUR = 4.5208 PLN) and as at 31.06.2020 (1 EUR = 4.4660 PLN).

SELECTED CONSOLIDATED FINANCIAL DATA OF THE GIEŁDA PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE S.A. GROUP

Selected financial ratios of the Group

	As at 30 June/ Six-month period ended 30 June
	2021	2020
EBITDA margin (EBITDA/Sales revenue)	53,2%	57,0%
Operating profit margin (Operating profit/Sales revenue)	44,9%	47,6%
Return on equity (ROE) (Net profit for last 12 months/Average equity at the beginning and at the end of the 12-month period)	18,8%	15,2%
Debt to equity (Lease liabilities and liabilities under bond issue/Equity)	28,8%	31,4%
Cost / income (GPW Group operating expenses / GPW Group sales revenue (for a 6-month period))	55,8%	50,4%