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

May 27, 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

	Period ended 31 March (unaudited)
	2021	2020	2021	2020
	PLN'000		EUR'000[1]
Sales revenue	112 287	97 201	25 977	21 366
Operating expenses	(66 827)	(56 061)	(15 460)	(12 323)
(Loss) on impairment of receivables	(287)	(1 061)	(66)	(233)
Other revenue	322	1 076	74	237
Other expenses	(653)	(866)	(151)	(190)
Operating profit	44 842	40 289	10 374	8 856
Financial income	129	4 278	30	940
Financial expenses	(3 464)	(9 101)	(801)	(2 001)
Share of profit/(loss) of entities measured by the equity method	5 358	1 981	1 240	435
Profit before tax	46 865	37 447	10 842	8 231
Income tax expense	(8 204)	(8 180)	(1 898)	(1 798)
Net profit for the period	38 661	29 267	8 944	6 433
Basic/Diluted earnings per share[2] (PLN, EUR)	0,92	0,70	0,21	0,15
EBITDA[3]	53 624	50 049	12 405	11 002

[1] At the incremental average exchange rate EUR/PLN for three months published by the National Bank of Poland (1 EUR = 4.5493 PLN in 2021 and 1 EUR = 4.3226 PLN in 2020).

[2] Based on net profit.

[3] EBITDA = operating profit + depreciation/amortisation.

	As at
	31 March 2021 (unaudited)	31 December 2020	31 March 2021 (unaudited)	31 December 2020
	PLN'000		EUR'000[1]
Non-current assets:	601 782	588 819	129 129	129 345
Property, plant and equipment	94 924	97 333	20 369	21 381
Right-to-use assets	17 116	18 031	3 673	3 961
Intangible assets	248 221	247 308	53 263	54 326
Investment in entities measured by the equity method	226 814	220 395	48 669	48 414
Other non-current assets	14 707	5 752	3 156	1 264
Current assets:	870 367	773 362	186 762	169 884
Trade receivables and other receivables	69 171	55 229	14 843	12 132
Financial assets measured at amortised cost	417 058	294 986	89 492	64 799
Cash and cash equivalents	381 391	421 163	81 838	92 517
Other current assets	2 747	1 984	589	436
TOTAL ASSETS	1 472 149	1 362 181	315 891	299 229
Equity	963 894	924 167	206 831	203 011
Non-current liabilities:	159 484	281 570	34 222	61 852
Liabilities on bond issue	124 873	244 738	26 795	53 761
Lease liabilities	10 077	11 298	2 162	2 482
Other liabilities	24 534	25 534	5 264	5 609
Current liabilities:	348 771	156 444	74 839	34 366
Liabilities on bond issue	121 733	1 167	26 121	256
Lease liabilities	5 676	5 463	1 218	1 200
Other liabilities	221 362	149 814	47 500	32 910
TOTAL EQUITY AND LIABILITIES	1 472 149	1 362 181	315 891	299 229

[1] At the average exchange rate EUR/PLN of the National Bank of Poland as at 31.03.2021 (1 EUR = 4.6603 PLN) and as at 31.03.2020 (1 EUR = 4.5523 PLN).

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

	As at /For the three-month period ended 31 March
	2021	2020
EBITDA margin (EBITDA/Sales revenue)	47,8%	51,5%
Operating profit margin (Operating profit/Sales revenue)	39,9%	41,4%
Return on equity (ROE) (Net profit for last 12 months/Average equity at the beginning and at the end of the 12-month period)	4,4%	3,6%
Debt to equity (Lease liabilities and liabilities under bond issue/Equity)	27,2%	29,6%