GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Nov 6, 2020

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

	9-month period ended 30 September
	2020	2019	2020	2019
	PLN'000		EUR'000 [1]
Sales revenue	287 860	255 813	65 068	59 465
Financial market	177 419	141 363	40 104	32 861
Trading	125 719	90 345	28 417	21 001
Listing	14 105	15 347	3 188	3 567
Information services and revenue from calculation of reference rates	37 595	35 671	8 498	8 292
Commodity market	107 768	113 989	24 360	26 497
Trading	54 179	56 820	12 247	13 208
Register of certificates of origin	18 811	22 743	4 252	5 287
Clearing	34 077	33 914	7 703	7 883
Information services	701	512	158	119
Other revenue	2 673	460	604	107
Operating expenses	150 933	133 776	34 117	31 097
Other income	2 365	5 102	535	1 186
Gain / (loss) on impairment of receivables	(873)	(65)	(197)	(15)
Other expenses	5 713	2 506	1 291	583
Operating profit	132 706	124 568	29 997	28 957
Financial income	5 911	7 102	1 336	1 651
Financial expenses	18 353	7 704	4 149	1 791
(Loss) on impairment of investment in other entities	(583)	(1 089)	(132)	(253)
Share of profit/(losses) of entities measured by equity method	10 942	9 320	2 473	2 166
Profit before income tax	130 623	132 197	29 526	30 730
Income tax	25 854	24 062	5 844	5 593
Profit for the period	104 769	108 135	23 682	25 137
Basic / Diluted earnings per share[2] (PLN, EUR)	2,50	2,58	0,57	0,60
EBITDA[3]	160 250	152 069	36 223	35 349

[1] Based on the 9M average EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.4240 PLN in 2020 and 1 EUR = 4.3019 PLN in 2019)

[2] Based on total net profit

[3] EBITDA = operating profit + depreciation and amortisation

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

	As at
	30 September 2020	31 December 2019	30 September 2020	31 December 2019
	PLN'000		EUR'000 [1]
Non-current assets	579 659	590 114	128 050	138 573
Property, plant and equipment	93 397	101 968	20 632	23 945
Right-to-use assets	18 985	22 725	4 194	5 336
Intangible assets	241 524	246 649	53 354	57 919
Investment in entities measured by equity method	216 251	210 327	47 771	49 390
Investment in non-consolidated subsidiaries	4 000	4 000	884	939
Subleasing receivables	475	523	105	123
Deferred tax assets	2 109	464	466	109
Financial assets measured at amortised cost	300	-	66	-
Financial assets measured at fair value through other comprehensive income	121	120	27	28
Prepayments	1 232	2 043	272	480
Other non-current assets	1 265	1 295	279	304
Current assets	733 398	666 680	162 012	156 553
Inventories	15	47	3	11
Corporate income tax receivable	-	4 132	-	970
Trade and other receivables	43 938	45 232	9 706	10 622
Subleasing receivables	293	190	65	45
Contract assets	2 786	2 415	615	567
Financial assets measured at amortised cost	264 147	328 998	58 352	77 257
Financial assets measured at fair value through profit or loss	655	-	145	-
Other current assets	4 302	4 382	950	1 029
Cash and cash equivalents	417 262	281 284	92 176	66 052
TOTAL ASSETS	1 313 057	1 256 794	290 063	295 126
Equity of the shareholders of the parent entity	877 593	872 881	193 866	204 974
Non-controlling interests	611	605	135	142
Non-current liabilities	277 032	283 502	61 198	66 573
Current liabilities	157 821	99 807	34 864	23 437
TOTAL EQUITY AND LIABILITIES	1 313 057	1 256 794	290 063	295 126

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.09.2020 (1 EUR = 4.5268 PLN) and 31.12.2019 (1 EUR = 4.2585 PLN).

Selected financial ratios of the Group

	Year ended/ As at
	30 September 2020	30 September 2019
EBITDA margin (EBITDA/Sales revenue)	55,7%	59,4%
Operating profit margin (Operating profit/Sales revenue)	46,1%	48,7%
Return on quity (ROE) (Net profit for the last 12 months / Average equity at the beginning and at the end of the last 12 month period	13,3%	17,0%
Debt to equity (Interest-bearing liabilities [1] /Equity)	30,1%	31,2%

[1] interest and principal payable