Lubelski Wegiel Bogdanka Sa · GPW:LWB
Lubelski Wegiel Bogdanka Sa — LW Bogdanka — Q1 2026 Earnings Presentation
14 slides from Lubelski Wegiel Bogdanka Sa's earnings presentation, 2026
Slide 1: Presentation of Results the LW Bogdanka Group Q1 2026
PRESENTATION OF RESULTS THE LW BOGDANKA GROUP Q1 2026
Slide 2: Summary of Q1 2026
Summary of Q1 2026: ▪ Impairment charge on non-current assets ▪ Appointment of the Management Board of LW Bogdanka S.A. for a new term SUMMARY OF Q1 2026 FINANCIAL DATA OPERATING DATA CAPEX OF LW BOGDANKA GROUP 2.9 million tonnes PLN 151,2 million PLN 702,6 milion Gross coal extracted Use of Capex i
Slide 3: LW Bogdanka Group - lower operating parameters in Q1 2026
LW Bogdanka Group 2026 Plan – 8.0 million tonnes Technical and operating data - lower operating 3 000 Q1 2025 Q1 2026 Change parameters in Q1 2026 2 652 Gross coal production [000 tons] 3,845 2,850 -25,9% compared to Q1 2025 2 500 2 237 Production of [000 2,652 2,036 -23,2% 2 082 commercial coal ton
Slide 4: Coal yield at a level of 71.4% in Q1 2026
Coal Yield (%) Coal yield at a level of 100,0% 71.4% in Q1 2026 Coal Yield ▪ coal yield in Q1 2026 was 71.4% and was higher than in 90,0% Q1 2025 (69.0%) The share of extraction from the walls (%) 80,0% ▪ in Q1 2026 66.0% of raw coal was obtained from high walls and 34.0% low walls. In the same peri
Slide 5: Production in Q1 2026 - approx. 2.0 million tonnes
Plan produkcyjny na 2025 r. Production in Q1 2026 - ok 8,0 Production mln and sales ton in Q1 2026 Production [milion tonnes] - approx 2.0 million ▪ in Q1 2026, production reached 2.0 million tons, sales amounted to 2.1 million tons tonnes ▪ in Q1 2025, production reached 2.6 million tons, 10,0 sale
Slide 6: Increase of coal prices on the global market in Q1 2026
CIF ARA coal prices Increase of coal prices ▪ 108.4 USD/t - average CIF ARA coal price Price of coal on the international market (USD/t) on the global matket in Q1 2026 - representing an increase 5.9% vs. Q1 2025 (102.3 USD/t) in Q1 2026 ▪ compared to the average CIF ARA coal price in Q4 2025 (95.2
Slide 7: Decrease of thermal coal prices on the domestic market
Decrease of Price of thermal coal Prices of thermal coal on the domestic market (PLN/GJ) thermal coal prices ▪ the average price of thermal steam coal for the commercial power sector in Q1 2026 was 14.3 PLN/GJ, on the domestic the price decline rate was approx. 13.9% compared to Q1 2025 (16.6 PLN /G
Slide 8: Declining coal production and inventories in Poland amid rising sales
Declining coal Thermal coal production, domestic sales and inventories in Polish mines [million tonnes]* Thermal coal imports and exports [million tonnes]* production and inventories in Poland 9 8,3 7,8 8,3 2 1,8** amid rising sales 8 7 7,4 1,8 1,6 6 1,4 1,3** 5 1,2 4,2 1 4 0,8 3 1,9 0,6 2 0,4 0,3 0
Slide 9: Strong market position maintained – 29.1% share of sales to commercial power plants
Strong market 35,0% 33,2% position maintained – 30,0% 30,4% 29,1% 29.1% share of sales to 27,0% 25,1% commercial power 25,0% 24,4% plants 20,0% 15,0% 10,0% 5,0% 0,0% 2024 2025 Q1 2026 Share of LWB sales in the thermal coal market Share of LWB sales in the thermal coal market - products sold to comme
Slide 10: Key financial results of the LW Bogdanka Group in Q1 2025 and Q1 2026
Key financial results Key financial results of the LW Bogdanka Group (PLN milion) Statement of Financial Position (PLN million) of the LW Bogdanka 869 Group in Q1 2025 and 703 2 544 2 522 Q1 2026 2 218 2 125 395 1 552 1 411 344 284 1 132 1 106 25 -25 -22 PLN million Sales revenues EBITDA EBIT Net Fi
Slide 11: EBITDA in Q1 2026
FACTORS INFLUENCING THE EBITDA RESULT [PLN million] EBITDA in Q1 2026 400,0 350,0 58,8 300,0 44,3 250,0 200,0 395,0 107,4 150,0 93,8 100,0 50,0 154,1 25,2 0,0 EBITDA LWB Group Volume of coal Price of coal sold Change in costs of Change in Result on other EBITDA LWB Group Result Q1 2025 sold operatin
Slide 12: The use of CAPEX in Q1 2026 – PLN 151.2 million
Selected items of capital expenditures in the LW Bogdanka Group 2,6% 0,2% The use of CAPEX [PLN thousand] TEP 2026 TEP actuals TEP actuals 10,6% Q1 2026 Q1 2026 [%] in Q1 2026 – New excavations and upgrade of existing pits 455 151 128 817 28,3% PLN 151.2 million 1,2% Planned CAPEX for Maintenance of
Slide 13: Disclaimer
Disclaimer ▪ This presentation (the “Presentation”) has been prepared by LW Bogdanka S.A. (the “Company”). The information contained in the Presentation has been compiled and prepared with due care, based on facts and data taken from sources believed by the Company to be reliable, in particular base
Slide 14: Thank you for your attention
BOG BULL Le cence): pa pyela YOUR ATTENTION Ki