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

Gielda Papierow Wartosciowych W Warszawie — Giełda Papierów Wartościowych w Warszawie — Q1 2022 Earnings Presentation

34 slides from Gielda Papierow Wartosciowych W Warszawie's earnings presentation, May 31, 2022

  1. Slide 1: Financial Results of the GPW Group Q1 2022

    FINANCIAL RESULTS OF THE GPW GROUP Q1 2022 31 May 2022

  2. Slide 2: Agenda

    1. Milestones and summary of trading on the financial market in Q1 2022 2. GPW Group financial results in Q1 2022 3. Summary of trading on the commodity market and TGE Group financial results in Q1 2022 4. Other financials 5. Appendices

  3. Slide 3: GPW Group in 1Q 2022 - Growing turnover value on the financial market

    GPW Group in 1Q 2022 - Growing turnover value on the financial market Growing turnover volume and value on the Finance & strategy financial market ✓ Revenue: PLN 110.2 mn (-1.2% YoY) ✓ EBITDA: PLN 50.7 mn (-5.8% YoY) EOB trade in equities – Main Market ✓ Net profit: PLN 38.1 mn (-2.1% YoY) +5.0% YoY

  4. Slide 4: Strong investor activity

    Strong investor activity Main Market EOB turnover value  Main Market EOB turnover in Q1’22: PLN 98.4 bn (+5.0% YoY, +17.2% QoQ) 102.8  Average daily Main Market EOB turnover: PLN 1,593.7 mn EOB Trading Turnover velocity 98.4 90 ,0% in Q1’22 vs. PLN 1,632.6 mn in Q1’21 and vs. PLN 1,399.9 93.7 in Q

  5. Slide 5: Growing turnover in derivatives

    Growing turnover in derivatives Derivatives turnover volume  Increase of total derivatives turnover volume in Q1’22 to 4.0 mn contracts (+26.9% YoY, +16.3% QoQ) mn contracts +26.9%  Increase of WIG20 futures turnover +16.3% volume in Q1’22 to 2.3 mn contracts 4.0 (+49.4% YoY, +61.1% QoQ) 3.3 3.4 3

  6. Slide 6: We work for the development of the green bond market

    We work for the development of the green bond market ESG: Environmental, Social, Governance factors We support the transition We are a responsible and CONTRIBUTION TO ACHIEVING to a low-carbon economy attractive employer 17 SUSTAINABLE DEVELOPMENT GOALS 2030 We bring a unique value to education We w

  7. Slide 7: Milestones and summary of trading on the financial market in Q1 2022

    1. Milestones and summary of trading on the financial market in Q1 2022 2. GPW Group financial results in Q1 2022 3. Summary of trading on the commodity market and TGE Group financial results in Q1 2022 4. Other financials 5. Appendices

  8. Slide 8: Stable financial performance in Q1'22

    Stable financial performance in Q1’22 Sales revenue Operating expenses  Sales revenue mn PLN C/I 59,0% 62,4% 58,8% Decrease of revenue in Q1’22 by 1.2% YoY to PLN 110.2 -1.2% mn. Driven by lower revenue on the commodity market 111.5 107.5 110.2 (PLN 35.9 mn vs. PLN 37.8 mn) and higher revenue on th

  9. Slide 9: Financial results by quarter

    Financial results by quarter Sales revenue EBITDA and EBITDA margin Net profit and net profit margin 58.8% 53.6% 48.3% 51.3% 46.0% 46.0% 39.7% 38.5% mn PLN 34.8% 34.5% -1.2% 111.5 110.2 mn PLN 107.5 97.9 90.6 -5.9% mn PLN 57.6 55.2 53.9 50.7 -2.1% 48.6 45.1 38.9 41.4 36.0 38.1 Q1’21 Q2’21 Q3’21 Q4’2

  10. Slide 10: Trading revenue on the financial market

    Trading revenue on the financial market Q1’22: 48.7% Trading revenue – financial market mn PLN  Trading revenue on the financial market: PLN 53.7 mn in Q1’22 (+1.0% YoY, +13.3% QoQ). +1.0% 53.7  Average fee on the stock market: 2.11 bps in Q1’22 53.2 (2.23 bps in Q1’21 vs. 2.14 bps in Q4’21). 47.4

  11. Slide 11: Listing revenue

    Listing revenue Q1’22: 5.8% Listing revenue  Listing revenue: PLN 6.3 mn in Q1’22 (-2.1% YoY, mn PLN +46.3% QoQ).  Two new listings on the Main Market and five new listings on NewConnect in Q1’22. -2.1%  Total IPO value (MM+NC) in Q1’22: PLN 20 mn vs. 6.5 PLN 1,775 mn in Q1’21. 6.3  Total SPO va

  12. Slide 12: Revenue from information services

    Revenue from information services Q1’22: 12,7%  Revenue from information services (financial+commodity market): Revenue from information services: PLN 14.0 mn in Q1’22 (+3.2% YoY, -6.2% QoQ). financial market and commodity market  GPW data agreements were signed in Q1’22 with new users: ✓ three no

  13. Slide 13: Summary of trading on the commodity market and TGE Group financial results

    1. Milestones and summary of trading on the financial market in Q1 2022 2. GPW Group financial results in Q1 2022 3. Summary of trading on the commodity market and TGE Group financial results in Q1 2022 4. Other financials 5. Appendices

  14. Slide 14: Commodity market turnover in Q1'22

    Commodity market turnover in Q1’22 Electricity and gas spot and forward turnover volume  Electricity market – total electricity turnover volume in Electricity (TWh) Natural Gas (TWh) Q1’22 was 42.0 TWh (-11.9% YoY, -32.0% QoQ). The spot turnover volume was 8.7 TWh (-9.0% YoY, +2.8% 64.2 62.2 61.8 Q

  15. Slide 15: Revenue from the electricity, gas, and property rights markets

    Revenue from the electricity, gas, and property rights markets Q1’22: 15.3%  Decrease of revenue from trade in electricity in Q1’22 Trading revenue – commodity market to PLN 3.8 mn (-3/2% YoY) driven by an decrease of turnover on the spot and forward market. mn PLN  Increase of revenue from trade

  16. Slide 16: Revenue from clearing

    Revenue from clearing Q1’22: 11.3% Revenue from clearing mn PLN  Decrease of revenue from clearing in Q1’22 to PLN 12.4 -4.2% mn from PLN 13.0 mn in Q1’21 (-4.2% YoY) mainly driven 13.9 by lower revenues from trading in property rights YoY. 13.0 12.3 12.4 11.2 -10.6%  Decrease of revenue from the

  17. Slide 17: Other financials

    1. Milestones and summary of trading on the financial market in Q1 2022 2. GPW Group financial results in Q1 2022 3. Summary of trading on the commodity market and TGE Group financial results in Q1 2022 4. Other financials 5. Appendices

  18. Slide 18: Operating expenses in Q1'22

    Operating expenses in Q1’22  Cost/income ratio (C/I): 62.4% in Q1’22 vs. 59.0% in Q1’21  Depreciation and amortisation: PLN 9.8 mn in Q1’22 (+11.5% Operating expenses: PLN 68.8 mn (+4.6% YoY, +9.0% QoQ) YoY, +6.3% QoQ). The increase in depreciation and amortisation mn PLN 68.8 charges is mainly du

  19. Slide 19: Share of profit of entities measured by the equity method in Q1'22

    Share of profit of entities measured by the equity method in Q1’22 Share of profit of entities measured by the equity method mn PLN PAR KDPW CG  Group’s share of profit of entities measured by -15.0% the equity method in Q1’22 at PLN 4.6 mn 7.9 (-15.0% YoY, -12.8% QoQ). 5.9  The Group’s share of n

  20. Slide 20: GPW Group's consolidated statement of financial position

    GPW Group’s consolidated statement of financial position  Decrease of total assets as at 31 March 2022 PLN mn 31.03.2021 30.06.2021 30.09.2021 31.12.2021 31.03.2022 year to date mainly driven by a decrease of trade receivables and other receivables due Non-current assets, including among others 605

  21. Slide 21: Appendix – Back-up slides

    Appendix – Back-up slides

  22. Slide 22: GPW Group consolidated statement of comprehensive income

    GPW Group consolidated statement of comprehensive income  Decrease of sales revenue in Q1’22 by 1.2% YoY to PLN PLN mn Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 110.2 mn driven by lower revenue on the commodity market Revenue 111.5 97.9 90.6 107.5 110.2 at PLN 35.8 mn (-PLN 1.9 mn i.e. -5.1% YoY) combined with

  23. Slide 23: GPW Group consolidated statement of cash flows

    GPW Group consolidated statement of cash flows PLN mn 3 months period ended 31 March  The Group generated positive cash flows from 2022 2021 of operating activities of PLN 150.7 mn (+PLN Total net cash flows from operating activities 150.7 95.6 55.0 mn i.e. +57.6% YoY) driven among Net profit of th

  24. Slide 24: KDPW Group's financial results

    KDPW Group’s financial results* mln zł Q1’21 Q1’22 2020 2021 The decrease in the KDPW Group’s revenue from PLN Revenue 54.1 53.4 174.8 205.3 54.1 mn in Q1 2021 to PLN 53.4 mn in Q1 2022 was Operating expenses 28.6 31.5 122.8 126.5 driven by: Operating profit 25.5 21.6 52.0 78.8  a decrease in reven

  25. Slide 25: GPW Group's revenue structure: incremental for 12M ended March 2022

    GPW Group’s revenue structure: incremental for 12M ended 31 March 2022 GPW Group: PLN 517.8 mn incl. TGE Group: PLN 185.8 mn 0,3% Other revenue (0.7%) Market Data (commodity market) 0,7% 15.4% Clearing Register of Certificates of Origin Commodity 7.4% Market: Trading other 35.9% 35.9% 4.9% Trading -

  26. Slide 26: Financial market: Trade in equities

    Financial market: Trade in equities Equity turnover value and number of transactions Average number of transactions per session (thous.) 38.4%1 169.1 Value of trading in equities (PLN bn) 162.4 133.2 136.4 80.2 70.1 73.1 72.1 65.9 55.3 51.9 55.5 46.4 297 313 251 236 220 205 203 204 191 188 190 94 98

  27. Slide 27: Financial market: Trade in derivatives

    Financial market: Trade in derivatives Derivatives turnover volume Number of open interest (thous.) Volume (thous.) 4.8%2 406,6 343,4 389,0 290,0  Revenue drivers: 15,5 184,8 165,0 171,2 ✓ Derivatives turnover volume 132,8 137,2 12,6 11,3 138,1 140,1 143,6 11,5 12,0 9,5 104,2 8,2 8,0 7,6 8,2 7,0 ✓

  28. Slide 28: 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 2.6%1 1.037 1.062 307 845 450 767 2.1%2 347 327 599 260 413 535 407 474 196 64 731 147 282 612 255 498 439 86 169 179 410  Revenue drivers: 339 338 2

  29. Slide 29: Financial market: Listing

    Financial market: Listing Capitalisation of domestic companies Market Cap/GDP (%) Market Cap of local companies (PLN bn) 5.8%1 32.0% 36.5% 34.8% 34.8% 30.0% 30.0% 28.9% 27.9% 27.2% 26.1% 25.0% 23.6%  Revenue drivers: 671 701 674 593 591 557 579 550 523 517 539 ✓ Capitalisation at YE 446 ✓ Value of

  30. Slide 30: Financial and commodity market: Information services

    Financial and commodity market: Information services Number of data vendors Local 12.7%1 Remote 87 90 83 78 35 37 57 58 58 58 37 54 53 52 36 37 34 31  Revenue drivers: 37 30 28 27 50 55 42 46 ✓ Number of data vendors 20 21 24 27 24 25 25 ✓ Number of subscribers 2011 2012 2013 2014 2015 2016 2017 20

  31. Slide 31: Commodity market: Trade in electricity and gas

    Commodity market: Trade in electricity and gas Electricity turnover volume (TWh)1 Spot 243.2 6.5%2 Forward 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 gaz 139.4 130.8 126.7 21.3 111.7 21.7 27.7  Revenue drivers: 25.2 198.3 195.0 208.3 188.9 154.3 163.0 161.6 109.1 118.1 4

  32. Slide 32: Commodity market: Trade in property rights

    Commodity market: Trade in property rights Property rights spot turnover (TWh) Green certificates (OZE) 2 4.8%1 Cogeneration certificates 62.2 58.9 58.1 59.3 50.8 50.2 19.9 43.9 26.6 29.8 30.8 15.1 39.3 36.0 24.0 25.9 27.0 25.9  Revenue drivers: 21.8 42.4 32.1 35.7 32.3 ✓ Property rights turnover 2

  33. Slide 33: Commodity market: Register of Certificates of Origin

    Commodity market: Register of Certificates of Origin Volume of issued certificates of origin (TWh) Green certificates (OZE) 50.7 5.7%1 Cogeneration certificates 47.2 48.5 47.5 41.1 42.2 37.2 23.4 18.9 24.5 19.9 35.1 10.7 15.3 29.5 21.6 22.3  Revenue drivers: 11.9 21.0 19.6 ✓ Volume of issued proper

  34. Slide 34: IR events and Disclaimer

    IR events Disclaimer  8-10 June 2022 This presentation has been prepared by Giełda Papierów Wartościowych w Warszawie S.A. (“Warsaw Stock Exchange”, “GPW” or “Company”) for its WOOD & Co.’s Spring Fling, WOOD & Company shareholders, analysts, and other contractors. This presentation has been prepar

Giełda Papierów Wartościowych w Warszawie — Q1 2022 Earnings Presentation on 6ix