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

Gielda Papierow Wartosciowych W Warszawie — Giełda Papierów Wartościowych w Warszawie S.A. (GPW) — Q3 2022 Earnings Presentation

32 slides from Gielda Papierow Wartosciowych W Warszawie's earnings presentation, Nov 23, 2022

  1. Slide 1: Financial Results of the GPW Group Q3 2022

    FINANCIAL RESULTS OF THE GPW GROUP Q3 2022 23 November 2022

  2. Slide 2: Agenda

    Agenda I. Milestones and summary of trading on the financial market in Q3 2022 II. GPW Group financial results in Q3 2022 III. Summary of trading on the commodity market and TGE Group financial results in Q3 2022 IV. Other financials V. Appendices

  3. Slide 3: Q3'22: Milestones

    3 Q3’22: Milestones GPW Logistics Continued high turnover on the financial market Polish Digital Logistics Operator GRC by GPW Tech ➢ Equities Main Market +1.2% YoY1 ➢ Forwarding licence in place ➢ Modules “G” and “C” completed ➢ Catalyst +232.7% YoY1 ➢ Advanced negotiations with two clients ➢ Initi

  4. Slide 4: Investor activity

    Investor activity Main Market EOB equity turnover value ETF turnover value 1 1 PLN bn EOB Trading Turnover velocity PLN mn 102.8 315 98.4 90 .0% 10 0 93.7 84.0 80 .0% 251 75.0 228 70.3 217 70 .0% 76.8% 206 80 61.1 63.0 64.9 61.6 60.8 60 .0% 185 180 175 181 49.0 61.0% 60 45.0 50 .0% 57.6% 52.6% 53.1%

  5. Slide 5: Growing turnover in derivatives

    Growing turnover in derivatives Derivatives turnover volume mn contracts +47.4% 4.0 3.9 3.4 3.5 +11.6%  Total derivatives turnover volume in 3.3 3.1 2.8 Q3’22: 3.9 mn contracts (+47.4% YoY, 2.7 2.3 +11.6% QoQ)  WIG20 futures turnover volume in Q3’22: 2.7 mn contracts (+147.7 YoY, +44.2% QoQ). The

  6. Slide 6: ESG: environmental, social, governance factors

    ESG: environmental, social, governance factors E CONTRIBUTION TO ACHIEVING S G 17 SUSTAINABLE DEVELOPMENT GOALS 2030 Implementation of the GPW Group ESG Strategy 2025  As part of the GPW Group’s ESG governance structure, ESG factors are regularly discussed by the GPW Management Board, the ESG Commi

  7. Slide 7: Group financial results in Q3 2022

    I. Milestones and summary of trading on the financial market in Q3 2022 II. GPW Group financial results in Q3 2022 III. Summary of trading on the commodity market and TGE Group financial results in Q3 2022 IV. Other financials V. Appendices

  8. Slide 8: Financial performance in Q3'22

    Financial performance in Q3’22 Sales revenue Sales revenue Operating expenses  Decrease of revenue in Q3’22 by 2.4% YoY to PLN mn C/I 67.1% 64.0% 63.1% PLN 88.4 mn. Driven by lower revenue on the -0.8% 54.5% 55.4% commodity market (PLN 29.8 mn vs. PLN 35.8 mn) combined with higher revenue on the 30

  9. Slide 9: Financial results by quarter

    Financial results by quarter Sales revenue EBITDA and EBITDA margin Net profit and net profit margin PLN mn 53.6% 51.3% 46.0% 47.2% 39.7% 38.5% 38.4% 34.5% 35.2% 32.9% -2.4% PLN mn PLN mn 107.5 110.2 99.1 90.6 88.4 -40.1% 55.2 48.6 50.7 -13.5% 46.8 41.4 36.0 38.1 38.1 29.1 31.1 Q3’21 Q4’21 Q1’22 Q2’

  10. Slide 10: Revenue on the financial market

    Revenue on the financial market Trading revenue Listing revenue Revenue from information services1 PLN mn PLN mn PLN mn +7.5% 0.0% 53.7 +6.8% 6.3 47.4 14.6 14.6 14.3 5.5 5.6 5.5 13.7 -2.5% 13.4 -1.9% 38.4 38.2 35.5 -0.5% 4.3 42.3 37.2 5.3 4.2 4.7 28.0 26.4 Shares 4.7 Listing Information 28.0 Service

  11. Slide 11: Summary of trading on the commodity market and TGE

    I. Milestones and summary of trading on the financial market in Q3 2022 II. GPW Group financial results in Q3 2022 III. Summary of trading on the commodity market and TGE Group financial results in Q3 2022 IV. Other financials V. Appendices

  12. Slide 12: Commodity market turnover in Q3'22

    Commodity market turnover in Q3’22 Electricity and gas spot and forward turnover volume Electricity (TWh) Natural Gas (TWh) Electricity market 62.2 61.8 64.2  Total electricity turnover volume in Q3’22 was 35.6 TWh (-42.8% YoY, -2.6% QoQ). 42.0 43.2 42.4 The spot turnover volume was 7.3 TWh (- 36.6

  13. Slide 13: Revenue from the electricity, gas, and property rights markets

    Revenue from the electricity, gas, and property rights markets Q3’22: 17.9%  Decrease in revenue from trading in electricity to PLN 3.4 mn in Q3'22 (- Trading revenue – commodity market 36.5% YoY; -1.7% QoQ) due to lower trading volumes, mainly in the forward market. PLN mn  Decrease in revenue fr

  14. Slide 14: Revenue from clearing

    Revenue from clearing Q3’22: 9.4% Revenue from clearing PLN mn  Decrease in revenue from clearing to PLN 8.3 mn in -32.8% Q3'22 (-32.8% YoY; -24.5% QoQ) mainly due to lower 13.9 gas and electricity trading volumes. 12.3 12.4 11.0  The YoY increase in revenue from the operation of the 8.3 -24.5% Re

  15. Slide 15: Other financials

    I. Milestones and summary of trading on the financial market in Q3 2022 II. GPW Group financial results in Q3 2022 III. Summary of trading on the commodity market and TGE Group financial results in Q3 2022 IV. Other financials V. Appendices

  16. Slide 16: Operating expenses in Q3'22

    Operating expenses in Q3’22 Operating expenses: PLN 59.3 mn (+20.1% YoY, -5.1% QoQ)  Cost/income ratio (C/I): 64.0% in 9M’22 vs. 55.4% in 9M’21 PLN mn 68.8  Depreciation and amortisation: PLN 8.6 mn in Q3’22 (- 63.2 62.5 0.0 0.0 59.3 0.4% YoY, -8.6% QoQ) 14.6 9.2 9.5 0.1 49.4 8.6  Total employee

  17. Slide 17: Share of profit of entities measured by the equity method in Q3'22

    Share of profit of entities measured by the equity method in Q3’22 Share of profit of entities measured by the equity method PLN mn KDPW CG +40.6% 8.3 7.8 +6.9%  Group’s share of profit of entities 5.9 measured by the equity method in 5.2 Q3’22 at PLN 8.3 mn (+40.6% YoY, 4.6 +6.9% QoQ) Q3’21 Q4’21

  18. Slide 18: GPW Group's consolidated statement of financial position

    GPW Group’s consolidated statement of financial position PLN mn 30.09.2021 31.12.2021 31.03.2022 30.06.2022 30.09.2022  Decrease of total Non-current assets, including among others 597.6 603.6 618.2 608.2 614.6 assets as of 30 Property, plant and equipment 90.5 91.9 92.2 90.2 96.5 September 2022 In

  19. Slide 19: Appendices

    I. Milestones and summary of trading on the financial market in Q3 2022 II. GPW Group financial results in Q3 2022 III. Summary of trading on the commodity market and TGE Group financial results in Q3 2022 IV. Other financials V. Appendices

  20. Slide 20: GPW Group consolidated statement of comprehensive income

    GPW Group consolidated statement of comprehensive income PLN mn Q3'21 Q4'21 Q1'22 Q2'22 Q3'22  Decrease of sales revenue in Q3’22 by Revenue 90.6 107.5 110.2 99.1 88.4 2.4% YoY to PLN 88.4 mn driven by lower Financial market 54.4 66.3 73.7 58.6 58.0 revenue on the commodity market (PLN Trading 35.5

  21. Slide 21: GPW Group consolidated statement of cash flows

    GPW Group consolidated statement of cash flows PLN mn 9 months period ended 30 September of 2022 2021 Total net cash flows from operating activities 196.0 -6.1 Net profit of the period 107.3 119.9 Adjustments: 124.0 -97.1 Income tax 23.8 24.5  The Group generated positive cash flows Depreciation an

  22. Slide 22: KDPW Group's financial results

    KDPW Group’s financial results* PLN mn Q3'21 Q3'22 2020 2021 Revenue 49.2 56.1 174.8 205.3 Operating expenses 31.3 34.6 122.8 126.5 Increase in revenue of the KDPW Group from Operating profit 17.9 21.5 PLN 49.2 million in Q3 2021 to PLN 56.1 million 52.0 78.8 in Q3 2022 as a result of: Net profit (P

  23. Slide 23: GPW Group's revenue structure: incremental for 12M ended September 2022

    GPW Group’s revenue structure: incremental for 12M ended 30 September 2022 GPW Group: PLN 405.3 mn incl. TGE Group: PLN 145.2 mn Other revenue (0.8%) Market Data (commodity market) 0.8% 0.3% Clearing 11.3% Register of Certificates of Origin Commodity 6.4% Trading other Market: 35.8% 35.8% 4.7% Tradi

  24. Slide 24: Financial market: Trade in equities

    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) 133.2 135.9 135.4 135.4 80.2 70.1 73.1 72.1 65.9 55.3 51.9 55.5 46.4 297 313 29.9%1 251 220 236 230 225 188 205 203 190 204 1

  25. Slide 25: Financial market: Trade in derivatives

    Financial market: Trade in derivatives Derivatives turnover volume Number of open interest (thous.) Volume (thous.) 406.6 402.9 351.2 290.0 15.5 184.8 171.2 165.0 137.2 12.6 138.1 140.1 143.6 132.8 11.5 12.0 11.4 11.3 104.2 6.8%2 9.5 8.6 8.2 8.0 7.6 8.2 7.0 2011 2012 2013 2014 2015 2016 2017 2018 20

  26. Slide 26: Financial market: Other instruments and fees paid by participants

    Financial market: Other instruments and fees paid by participants Treasury BondSpot Poland turnover value, PLN bn Cash Transactions Repo Transactions 3.0%1 1.037 1.062 307 845 450 767 347 599 327 535 474 260 413 407 64 196 370 731 318 3.5%2 147 282 55 612 255 54 498 439 86 169 410 339 338 36 314 260

  27. Slide 27: Financial market: Listing

    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% 671 701 593 591 579 17.7% 523 557 550 539 6.2%1 517 446 466 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

  28. Slide 28: Financial and commodity market: Information services

    Financial and commodity market: Information services Number of data vendors Local Remote 95 87 90 89 83 78 36 35 35 37 57 58 58 58 37 54 53 52 36 37 34 31 37 30 28 27 55 59 16.5%1 50 54 42 46 21 24 27 24 25 25 20 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9M’21 9M’22 Number of subscriber

  29. Slide 29: Commodity market: Trade in electricity and gas

    Commodity market: Trade in electricity and gas Electricity turnover volume (TWh)1 Spot Forward 243.2 226.1 228.9 225.2 34.8 27.7 33.9 36.2 186.8 186.7 176.6 23.8 25.1 163.3 22.3 139.4 27.7 130.8 126.7 21.3 111.7 114.2 21.7 27.7 25.2 198.3 195.0 208.3 24.3 188.9 163.0 161.6 6.1%2 154.3 135.6 109.1 11

  30. Slide 30: Commodity market: Trade in property rights

    Commodity market: Trade in property rights Property rights spot turnover (TWh) Green certificates (RSE) Cogeneration certificates 2 62.2 58.9 58.1 59.3 50.8 50.2 19.9 43.9 15.1 39.3 26.6 29.8 30.8 36.0 24.0 25.9 27.0 25.9 21.8 18.9 19.8 5.6%1 42.4 32.1 35.7 32.3 26.2 28.3 28.5 17.5 18.0 3.9 2011 201

  31. Slide 31: Commodity market: Register of Certificates of Origin

    Commodity market: Register of Certificates of Origin Volume of issued certificates of origin (TWh) Green certificates (RSE) Cogeneration certificates 50.7 47.2 48.5 47.5 41.1 42.2 37.2 23.4 18.9 19.9 35.1 24.5 10.7 15.3 29.5 21.6 21.0 22.3 11.9 19.6 15.6 17.3 6.1%1 26.6 25.9 27.3 28.3 27.6 20.6 24.0

  32. Slide 32: IR events and Disclaimer

    IR events Disclaimer  22 November 2022 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 contractors. This presentation has been prepared solely for information and is not an

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