Gielda Papierow Wartosciowych W Warszawie S.a. · GPW:GPW

Gielda Papierow Wartosciowych W Warszawie — Giełda Papierów Wartościowych w Warszawie — Q4 2022 Earnings Presentation

29 slides from Gielda Papierow Wartosciowych W Warszawie's earnings presentation, Apr 13, 2023

  1. Slide 1: Financial Results of the GPW Group Q4 2022

    FINANCIAL RESULTS OF THE GPW GROUP Q4 2022 13 April 2023

  2. Slide 2: Agenda

    Agenda I. Milestones and summary of trading on the financial market in 2022 II. GPW Group financial results in Q4 2022 III. Summary of trading on the commodity market and TGE Group financial results in Q4 2022 IV. Other financials V. Appendices

  3. Slide 3: Milestones of 2022

    Summary Financial results TGE Other financials Appendices Milestones of 2022 GPW Group revenue: GPW Group operating Dividend PLN 389.3 mn expenses: PLN 254.9 mn at PLN 115 mn Net profit: PLN 145.0 mn (PLN 2.74 per share) down by 4.5% vs record-high despite many strategic Net profit margin: 37.2% 202

  4. Slide 4: Investor activity

    Summary Financial results TGE Other financials Appendices Investor activity Main Market EOB equity turnover value ETF turnover value 1 PLN bn turnover velocity [%] PLN mn 59.8 315 43.1 43.6 32.9 34.8 35.2 35.3 279 32.3 31.8 251 313.5 228 297.3 285.6 217 206 84.0 Q4 185 180 181 236.4 60.8 175 102.8 2

  5. Slide 5: Growing turnover in derivatives

    Summary Financial results TGE Other financials Appendices Growing turnover in derivatives Derivatives turnover volume mn contracts +22.4% 4.2 +6.4%  Total derivatives turnover volume in Q4’22: 4.0 3.9 4.2 mn contracts (+22.4% YoY, +6.4% QoQ). 3.4 3.5 3.3 Total derivatives turnover volume in 2022 wa

  6. Slide 6: GPW Group ESG Strategy

    Summary Financial results TGE Other financials Appendices GPW Group ESG Strategy Actions completed in 2022 as the base year in implementation of the GPW Group ESG Strategy CONTRIBUTION TO ACHIEVING 17 SUSTAINABLE DEVELOPMENT ✓ Monitoring emissions generated by our activity (Scope 1 and Scope 2) GOAL

  7. Slide 7: Financial performance

    Summary Financial results TGE Other financials Appendices Financial performance Sales revenue Sales revenue Operating expenses  Decrease of revenue in Q4’22 by 14.9% YoY to PLN 91.5 mn – lower revenue on the financial PLN mn C/I market (PLN 57.4 mn vs. PLN 66.3 mn) and 70.2% 65.5% -4.5% 58.8% 67.1%

  8. Slide 8: Financial results by quarter

    Summary Financial results TGE Other financials Appendices Financial results by quarter Sales revenue EBITDA and EBITDA margin Net profit and net profit margin PLN mn 51.3% 47.2% 46.0% 44.6% 41.2% 38.5% 38.4% 32.9% 34.5% 35.2% -14.9% 110.2 107.5 99.1 PLN mn PLN mn 91.5 88.4 55.2 50.7 46.8 40.8 41.4 3

  9. Slide 9: Revenue on the financial market

    Summary Financial results TGE Other financials Appendices Revenue on the financial market Trading revenue Listing revenue Revenue from information services1 PLN mn PLN mn PLN mn Q4’22: 40.7% Q4’22: 6.1% Q4’22: 16.0% -21.5% 53.7 +0.2% 47.4 +28.7% 14.6 14.6 14.6 14.3 6.3 13.7 +2.4% 38.4 38.2 37.2 5.6

  10. Slide 10: Commodity market turnover

    Summary Financial results TGE Other financials Appendices Commodity market turnover Electricity and gas spot and forward turnover volume Electricity, TWh Natural Gas, TWh Electricity market 61.8 43.2 42.4 43.4  Total electricity turnover volume in Q4’22 30.9 was 27.2 TWh (-56.1% YoY, -23.7% QoQ). 4

  11. Slide 11: Revenue from the electricity, gas and property rights markets

    Summary Financial results TGE Other financials Appendices Revenue from the electricity, gas and property rights markets Q4’22: 18.3% Trading revenue – commodity market  Decrease in revenue from trading in electricity to PLN 2.8 mn in Q4'22 (- 48.4% YoY; -18.0% QoQ) due to decline in futures turnove

  12. Slide 12: Revenue from clearing

    Summary Financial results TGE Other financials Appendices Revenue from clearing Q4’22: 11.9% Revenue from clearing PLN mn  Year-on-year decrease of revenue from clearing in Q4'22 to -21.5% PLN 10.9 mn (-21.5% YoY; +31.7% QoQ), mainly due to a 13.9 12.4 lower volume of cleared transactions in the el

  13. Slide 13: Operating expenses

    Summary Financial results TGE Other financials Appendices Operating expenses Operating expenses PLN mn 68.8 63.2 62.5 64.2 PFSA fee 0.0 0.0 59.3 0.0 14.6 8.9 D&A 9.2 9.5 0.1 8.6 9.8  Increase of operating expenses: PLN 64.2 Total 27.7 employee 32.3 27.7 mn (+1.6% YoY, +8.2% QoQ). 28.6 costs 27.6 

  14. Slide 14: Share of profit of entities measured by the equity method

    Summary Financial results TGE Other financials Appendices Share of profit of entities measured by the equity method Share of profit of entities measured by the equity method PLN mn KDPW CG  Group’s share of profit of entities +44.6% measured by the equity method in Q4’22 8.3 at PLN 7.6 mn (+44.6% Y

  15. Slide 15: GPW Group's consolidated statement of financial position

    Summary Financial results TGE Other financials Appendices GPW Group’s consolidated statement of financial position PLN mn 31.12.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022  Decrease of total assets as of Non-current assets, including among others 603.6 618.2 608.2 614.6 651.6 December 31, 2022

  16. Slide 16: Financial Results of the GPW Group Q4 2022

    FINANCIAL RESULTS OF THE GPW GROUP Q4 2022 13 April 2023

  17. Slide 17: GPW Group consolidated statement of comprehensive income

    Summary Financial results TGE Other financials Appendices GPW Group consolidated statement of comprehensive income PLN mn Q4'21 Q1'22 Q2'22 Q3'22 Q4’22  Decrease of revenue in Q4’22 by 14.9% Revenue 107.5 110.2 99.1 88.4 91.5 YoY to PLN 91.5 mn – lower revenue on Financial market 66.3 73.7 58.6 58.

  18. Slide 18: GPW Group consolidated statement of cash flows

    Summary Financial results TGE Other financials Appendices GPW Group consolidated statement of cash flows PLN mn 12 months period ended 31 December of 2022 2021 Total net cash flows from operating activities 216.2 53.1 Net profit of the period 145.0 161.3 Adjustments: 116.1 (71.6) Income tax 29.9 32.

  19. Slide 19: KDPW Group's financial results

    Summary Financial results TGE Other financials Appendices KDPW Group’s financial results * PLN mn Q4'21 Q4'22 2021 2022 Revenue 49.0 53.6 205.3 218.2 Operating expenses 35.8 40.2 126.5 141.3 Increase in KDPW Group revenue from PLN 49.0 mn in Q4 Operating profit 13.2 13.4 78.8 77.0 2021 to PLN 53.6 m

  20. Slide 20: GPW Group's revenue structure

    Summary Financial results TGE Other financials Appendices GPW Group’s revenue structure 1 GPW Group: PLN 389.3 mn incl. TGE Group: PLN 138.1 mn 0,9% Other revenue (0.9%) 0,3% Market Data (commodity market) 10,9% Clearing Register of Certificates of Origin 6,4% Commodity Trading other Market 35,5% 5,

  21. Slide 21: Financial market: Trade in equities

    Summary Financial results TGE Other financials Appendices Financial market: Trade in equities Equity turnover value and number of transactions Average number of transactions per session, thous. Value of trading in equities, PLN bn 133.2 135.9 131.4 137.4 119.1 80.2 73.1 72.1 65.9 70.1 51.9 55.5 297

  22. Slide 22: Financial market: Trade in derivatives

    Summary Financial results TGE Other financials Appendices Financial market: Trade in derivatives Derivatives turnover volume Number of open interest, thous. Volume, thous. 406.6 330.1 290.0 184.8 171.2 15.6 165.0 12.6 138.1 140.1 143.6 11.5 12.0 9.5 104.2 6.0%2 8.2 8.0 7.6 8.2 7.0 3.4 4.2 2013 2014

  23. Slide 23: Financial market: Other instruments and fees paid by participants

    Summary Financial results TGE Other financials Appendices Financial market: Other instruments and fees paid by participants Treasury BondSpot Poland turnover value Cash Transactions, PLN bn Repo Transactions, PLN bn 2.8%1 1.037 1.062 307 845 450 767 347 599 327 535 474 260 413 407 64 196 2.4%2 369 7

  24. Slide 24: Financial market: Listing

    Summary Financial results TGE Other financials Appendices Financial market: Listing Capitalisation of domestic companies Market Cap/GDP, % Market Cap of local companies, PLN bn 36.5% 34.8% 34.8% 32.0% 30.0% 30.0% 28.9% 27.9% 27.2% 25.0% 23.6% 20.9% 671 701 593 591 557 579 550 575 6.1%1 523 517 539 4

  25. Slide 25: Financial and commodity market: Information services

    Summary Financial results TGE Other financials Appendices Financial and commodity market: Information services Number of data vendors Local Remote 96 90 87 83 78 36 35 37 57 58 58 58 37 54 53 52 36 34 31 37 37 30 28 27 55 60 50 16.4%1 42 46 24 27 24 25 25 20 21 2011 2012 2013 2014 2015 2016 2017 201

  26. Slide 26: Commodity market: Trade in electricity and gas

    Summary Financial results TGE Other financials Appendices Commodity market: Trade in electricity and gas Electricity turnover volume1 Spot, TWh Forward, TWh 243.2 226.1 228.9 225.2 34.8 27.7 33.9 36.2 186.8 186.7 176.6 23.8 25.1 22.3 141.4 126.7 111.7 33.0 27.7 25.2 198.3 195.0 208.3 188.9 154.3 163

  27. Slide 27: Commodity market: Trade in property rights

    Summary Financial results TGE Other financials Appendices Commodity market: Trade in property rights Property rights spot turnover 2 Green certificates (RES), TWh Cogeneration certificates, TWh 58.9 58.1 59.3 50.2 43.9 26.6 30.8 39.3 29.8 36.0 24.0 25.9 27.0 25.9 21.8 24.8 5.4%1 32.1 32.3 28.3 28.5

  28. Slide 28: Commodity market: Register of Certificates of Origin

    Summary Financial results TGE Other financials Appendices Commodity market: Register of Certificates of Origin Volume of issued certificates of origin Green certificates (RES), TWh Cogeneration certificates, TWh 50.7 47.2 48.5 47.5 42.2 23.4 18.9 19.9 35.1 24.5 29.5 21.6 21.0 22.3 11.9 19.6 19.8 5.2

  29. Slide 29: IR events Contact: GPW Investor Relations

    IR events Disclaimer 4 May 2023 This presentation has been prepared by Giełda Papierów Wartościowych w Warszawie S.A. (“Warsaw Stock Exchange”, “GPW” or “Company”) for its shareholders, analysts, and other Introduction of the period of limited investor contractors. This presentation has been prepare

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