GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Aug 1, 2019

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

	Six-month period ended
		30 June 2019 30 June 2018 30 June 2019 30 June 2018
	PLN'000		EUR'000 [1]
Sales revenue	173 296	172 583	40 364	40 884
Financial market	94 934	96 635	22 112	22 892
Trading	60 444	63 000	14 079	14 924
Listing	10 334	11 759	2 407	2 786
Information services and revenue from calculation of reference rates	24 156	21 876	5 626	5 182
Commodity market	77 978	75 446	18 163	17 873
Trading	38 004	37 384	8 852	8 856
Register of certificates of origin	16 560	16 049	3 857	3 802
Clearing	23 074	21 783	5 374	5 160
Information services	340	230	79	54
Other revenue	384	502	90	119
Operating expenses	97 657	88 353	22 746	20 930
Other income	3 206	1 137	747	269
Geins on reversal of impairment losses on receivables / (Impairment losses) on receivables	276	(1 851)	64	(438)
Other expenses	1 573	1 154	366	273
Operating profit	77 548	82 362	18 063	19 511
Financial income	4 497	50 058	1 047	11 858
Financial expenses	4 421	4 332	1 030	1 026
Share of profit of entities measured by equity method	4 628	5 218	1 078	1 236
Profit before income tax	82 251	133 306	19 158	31 579
Income tax expense	15 249	24 362	3 552	5 771
Profit for the period	67 002	108 944	15 606	25 808
Basic / Diluted earnings per share[2] (PLN, EUR)	1,60	2,60	0,37	0,61
EBITDA[3]	96 150	98 279	22 395	23 282

[1] Based on the 6M average EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.2933 PLN in 6M 2019 and 1 EUR = 4.2213 PLN in 6M 2018)

[2] Based on total net profit

[3] EBITDA = operating profit + depreciation and amortisation

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

	As at
		30 June 2019 31 December 2018	30 June 2019 31 December	2018
	PLN'000		EUR'000 [1]
Non-current assets	585 870	580 375	137 787	134 971
Property, plant and equipment	100 642	108 158	23 669	25 153
Right-to-use assets	24 254	-	5 704	-
Intangible assets	246 780	254 564	58 038	59 201
Investment in entities measured by equity method	204 763	207 267	48 157	48 202
Subleasing receivables	1 167	-	274	-
Deferred tax assets	1 135	540	267	126
Financial assets measured at fair value through other comprehensive income	105	101	25	23
Prepayments	2 801	5 523	659	1 284
Other non-current assets	4 222	4 222	993	982
Current assets	771 938	636 942	181 547	148 126
Inventories	47	64	11	15
Trade and other receivables	73 154	69 437	17 205	16 148
Subleasing receivables	392	-	92	-
Contract assets	2 503	1 215	589	283
Financial assets measured at amortised cost	217 711	377 502	51 202	87 791
Cash and cash equivalents	478 131	188 724	112 448	43 889
TOTAL ASSETS	1 357 808	1 217 317	319 334	283 097
Equity of the shareholders of the parent entity	823 359	889 948	193 640	206 965
Non-controlling interests	588	590	138	137
Non-current liabilities	281 308	269 333	66 159	62 636
Current liabilities	252 553	57 446	59 396	13 360
TOTAL EQUITY AND LIABILITIES	1 357 808	1 217 317	319 334	283 097

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.06.2019 (1 EUR = 4,2520 PLN) and 31.12.2018 (1 EUR = 4.3000 PLN).

Selected financial ratios of the Group

	Six-month period ended/ As at
		30 June 2019 30 June 2018
EBITDA margin (EBITDA/Sales revenue)	55,5%	56,9%
Operating profit margin (Operating profit/Sales revenue)	44,7%	47,7%
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	17,3%	25,5%
Debt to equity (Interest-bearing liabilities [1] /Equity)	32,1%	30,1%
[1] interest and principal payable