GPW - Giełda Papierów Wartościowych w Warszawie S.A. — Interim / Quarterly Report 2021

Nov 9, 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

	Nine-month period ended 30 September
	2021 (unaudited)	2020 (unaudited)	2021 (unaudited)	2020 (unaudited)
	PLN'000		EUR'000[1]
Sales revenue	300 060	287 626	65 955	65 015
Operating expenses	(166 203)	(150 305)	(36 532)	(33 975)
Gains on reversed impairment of receivables/(Losses) on impairment of receivables	549	(873)	121	(197)
Other revenue	1 226	2 057	269	465
Other expenses	(1 670)	(5 713)	(367)	(1 291)
Operating profit	133 962	132 792	29 445	30 016
Financial income	381	5 913	84	1 337
Financial expenses	(9 046)	(18 974)	(1 988)	(4 289)
Share of profit/(loss) of entities measured by the equity method	19 154	10 942	4 210	2 473
Profit before tax	144 451	130 673	31 751	29 537
Income tax expense	(24 529)	(25 989)	(5 392)	(5 875)
Net profit for the period	119 922	104 684	26 359	23 663
Basic/Diluted earnings per share[2] (PLN, EUR)	2,86	2,49	0,63	0,56
EBITDA[3]	160 031	160 254	35 176	36 224

[1] At the incremental average exchange rate EUR/PLN for nine months published by the National Bank of Poland (1 EUR = 4.5495 PLN in 2021 and 1 EUR = 4.4240 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 September 2021 (unaudited)	31 December 2020	30 September 2021 (unaudited)	31 December 2020
	PLN'000 EUR'000[1]
Non-current assets:	597 562	592 110	128 982	128 307
Property, plant and equipment	90 469	97 333	19 528	21 091
Right-to-use assets	10 352	13 984	2 234	3 030
Intangible assets	257 154	253 200	55 506	54 867
Investment in entities measured by the equity method	231 630	220 395	49 997	47 758
Other non-current assets	7 958	7 198	1 718	1 560
Current assets:	736 318	773 362	158 932	167 583
Trade receivables and other receivables	149 897	55 229	32 355	11 968
Financial assets measured at amortised cost	256 081	305 131	55 274	66 120
Cash and cash equivalents	326 149	411 018	70 398	89 065
Other current assets	4 191	1 984	905	430
TOTAL ASSETS	1 333 880	1 365 472	287 915	295 890
Equity	932 271	918 129	201 228	198 953
Non-current liabilities:	168 621	288 947	36 396	62 613
Liabilities on bond issue	125 000	244 738	26 981	53 033
Lease liabilities	5 482	9 493	1 183	2 057
Other liabilities	38 139	34 716	8 232	7 523
Current liabilities:	232 988	158 396	50 290	34 323
Liabilities on bond issue	121 817	1 167	26 294	253
Lease liabilities	5 409	5 396	1 168	1 169
Other liabilities	105 762	151 833	22 829	32 901
TOTAL EQUITY AND LIABILITIES	1 333 880	1 365 472	287 915	295 890

[1] At the average exchange rate EUR/PLN of the National Bank of Poland as at 30.09.2021 (1 EUR = 4.6329 PLN) and as at 30.09.2020 (1 EUR = 4.6148 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
	2021	2020
EBITDA margin (EBITDA/Sales revenue)	53,3%	55,7%
Operating profit margin (Operating profit/Sales revenue)	44,6%	46,2%
Return on equity (ROE) (Net profit for last 12 months/Average equity at the beginning and at the end of the 12-month period)	18,5%	13,4%
Debt to equity (Lease liabilities and liabilities under bond issue/Equity)	27,6%	30,1%
Cost / income (GPW Group operating expenses / GPW Group sales revenue (for a 9-month period))	55,4%	52,3%