GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Oct 30, 2017

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, audited

	Nine-month period ended 30 September
	2017	2016	2017	2016
	PLN'000		EUR'000 [1]
Sales revenue	259 788	229 150	60 896	52 584
Financial market	156 974	133 973	36 796	30 743
Trading	106 715	85 832	25 015	19 696
Listing	18 690	17 790	4 381	4 082
Information services	31 569	30 351	7 400	6 965
Commodity market	101 874	93 936	23 880	21 556
Trading	49 922	44 363	11 702	10 180
Register of certificates of origin	22 665	21 243	5 313	4 875
Clearing	29 029	28 081	6 805	6 444
Information services	258	249	60	57
Other revenue	940	1 241	220	285
Operating expenses	116 785	112 419	27 375	25 797
Other income	2 092	757	490	174
Other expenses	5 590	970	1 310	223
Operating profit	139 505	116 518	32 701	26 738
Financial income	4 266	10 639	1 000	2 441
Financial expenses	8 709	8 880	2 041	2 038
Share of profit of associates	8 149	2 282	1 910	524
Profit before income tax	143 211	120 559	33 570	27 665
Income tax expense	26 520	22 395	6 216	5 139
Profit for the period	116 691	98 164	27 353	22 526
Basic / Diluted earnings per share[2] (PLN, EUR)	2,78	2,34	0,65	0,54
EBITDA[3]	160 264	136 226	37 567	31 260

[1] Based on the nine-month average of EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4,2661 PLN in the first nine months of 2017 and 1 EUR = 4.3578 PLN in the first nine months of 2016).

[2] Based on total net profit

and 31.12.2016 (1 EUR = 4.4240 PLN).

[3] EBITDA = operating profit + depreciation and amortisation

Selected data in the statement of financial position, consolidated, under IFRS, audited

	As at
	30 September 2017	31 December 2016	30 September 2017	31 December 2016
	PLN'000		EUR'000 [1]
Non-current assets	594 774	597 287	138 027	135 011
Property, plant and equipment	112 036	119 130	26 000	26 928
Intangible assets	268 916	273 815	62 406	61 893
Investment in associates	205 221	197 231	47 625	44 582
Deferred tax assets	1 796	1 809	417	409
Available-for-sale financial assets	280	288	65	65
Prepayments	6 525	5 014	1 514	1 133
Current assets	513 493	560 561	119 165	126 709
Corporate income tax receivable	95	428	22	97
Trade and other receivables	63 768	113 262	14 798	25 602
Cash and cash equivalents	449 576	446 814	104 332	100 998
Other current assets	54	57	13	13
TOTAL ASSETS	1 108 267	1 157 848	257 192	261 720
Equity attributable to the shareholders of the parent entity	771 051	744 727	178 935	168 338
Non-controlling interests	561	525	130	119
Non-current liabilities	260 449	143 422	60 442	32 419
Current liabilities	76 206	269 174	17 685	60 844
TOTAL EQUITY AND LIABILITIES	1 108 267	1 157 848	257 192	261 720

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.09.2017 (1 EUR = 4,3091 PLN)

Selected financial ratios of the Group

	Nine-month period ended/ As at
	30 September 2017 30 September 2016
EBITDA margin (EBITDA/Sales revenue)	61,7%	59,4%
Operating profit margin (Operating profit/Sales revenue)	53,7%	50,8%
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	20,2%	18,0%
Debt to equity (Interest-bearing liabilities [1] /Equity) [1] interest and principal payable	34,4%	34,7%