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

Gielda Papierow Wartosciowych W Warszawie — Giełda Papierów Wartościowych w Warszawie — Q2 2023 Earnings Presentation

31 slides from Gielda Papierow Wartosciowych W Warszawie's earnings presentation, Aug 11, 2023

  1. Slide 1: Financial Results of the GPW Group Q2 2023

    FINANCIAL RESULTS OF THE GPW GROUP Q2 2023 11 August 2023

  2. Slide 2: Agenda

    Agenda I. Milestones and summary of trading on the financial market in Q2 2023 II. GPW Group financial results in Q2 2023 III. Summary of trading on the commodity market and TGE Group financial results in Q2 2023 IV. Other financials V. Appendices

  3. Slide 3: Q2'23: Milestones

    Summary Financial results TGE Other financials Appendices Q2’23: Milestones Increase of average EOB shares turnover Total derivatives turnover Net profit in Q1’23 on the Main Market 7.5 million PLN 110.7 mn PLN 1.13 bn +11.7% YoY +4.9% YoY Best H1 since 2010 Revenue of the new business lines ~PLN 10

  4. Slide 4: GPW vs. European markets in Q2 2023

    Summary Financial results TGE Other financials Appendices GPW vs. European markets in Q2 2023 YoY change in EOB shares turnover (EUR)1 Velocity2 Malta 29% Deutsche Börse 46.4% Athens 21% BME 44.2% 2% 37.1% -5% Zagreb Nasdaq Nordics 36.8% -7% Cyprus SIX 36.5% -12% Prague Tel Aviw 36.3% -15% Euronext

  5. Slide 5: Investor activity

    Summary Financial results TGE Other financials Appendices Investor activity Main Market EOB equity turnover value ETF turnover value PLN bn turnover velocity, % 1 PLN mn 59.8 315 43.1 43.6 298 32.9 34.8 35.2 35.3 32.3 31.8 37.1 279 313.5 249 297.3 285.6 228 206 84.0 236.4 102.8 60.8 175 181 205.3 20

  6. Slide 6: Derivatives turnover

    Summary Financial results TGE Other financials Appendices Derivatives turnover Derivatives turnover volume mn contracts 15.6 4.2 12.0 11.5 9.5 3.3 3.4 Q4 8.2 8.2 3.9 2.2 8.0 7.6 7.5 1.9 7.0 2.7  Total derivatives turnover volume in Q2’23: 2.2 1.7 2.2 2.3 Q3 1.9 1.7 3.7 mn contracts (+3.9% YoY, -5.5

  7. Slide 7: GPW Group ESG Strategy

    Summary Financial results TGE Other financials Appendices GPW Group ESG Strategy Implementing and operational activities of the Group in pursuit of the GPW Group ESG Strategy 2025: GPW Capital Group ✓ Publication of the GPW Group’s integrated report based on GRI Standards Integrated Report ✓ Develop

  8. Slide 8: Financial performance

    Summary Financial results TGE Other financials Appendices Financial performance Sales revenue Operating expenses PLN mn PLN mn PFSA +6.5% +22.7% Sales revenue  Revenue up 11.7% YoY to PLN 110.7 mn in Q2’23. 222.9 161.2 209.3 Revenue from the financial market up 4.3% YoY to 15.5 PLN 61.1 mn and reve

  9. Slide 9: 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 margin1 PLN mn 47.2% 44.6% +11.7% 41.2% 39.7% 38.4% 40.6% 32.9% 35.2% 31.1% 112.3 110.7 23.7% 99.1 PLN mn PLN mn 91.5 88.4 +18.2% -5.9% 46.8 45.0 44

  10. Slide 10: Revenue on the financial market

    Summary Financial results TGE Other financials Appendices Revenue on the financial market Trading revenue1 Listing revenue Revenue from information services2 PLN mn Q2’23: 35.4% PLN mn Q2’23: 5.5% PLN mn Q2’23: 13.5% +2.0% +2.1% 44.4 39.2 -11.8% +8.4% 15.0 38.4 38.2 14.8 37.2 14.6 14.6 +0.9% 6.3 6.1

  11. Slide 11: GPW Group's revenue mix in Q2'23

    Summary Financial results TGE Other financials Appendices GPW Group’s revenue mix in Q2’23 Listing Other revenue 1 Derivatives Clearing Debt 5.5% Electricity 0.9% instruments 4.3% 0.3% 6.0% Financial Market 3.1% Gas Commodity Market 41.7% 2.3% Property 35.6% vs. 44.4% in Q2’22 vs. 39.5% in Q2’22 6.4

  12. Slide 12: 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 -5.6% -16.4% 36.6 35.6 43.4 Electricity market 34.6 34.5 40.8 -0.3%  Total electricity turnover volume in Q2'23 was 27.2 30.9 -3

  13. Slide 13: 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 Q2’23: 19.3% Trading revenue – commodity market PLN mn  Increase in revenue from trading in electricity to PLN 6.6 mn in Q2’23 (+93.0% YoY; +15.5% QoQ) driven by increased spot ma

  14. Slide 14: Revenue from clearing

    Summary Financial results TGE Other financials Appendices Revenue from clearing Q2’23: 10.3% Revenue from clearing PLN mn  Increase in revenue from clearing to PLN 11.4 mn in Q2’23 (+3.8% YoY; - +3.8% 17.1% QoQ) driven by a significant increase in revenue from clearing on the 13.7 spot electricity

  15. Slide 15: Operating expenses (OPEX) and CAPEX

    Summary Financial results TGE Other financials Appendices Operating expenses (OPEX) and CAPEX Operating expenses PLN mn PFSA  Salaries and other employee costs: PLN 32.9 mn. YoY increase +20.0% due to: (1) salary increases in H2 2022, (2) additional FTEs 86.2 Change YoY required to implement strate

  16. Slide 16: 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 +16.9%  The Group’s share of profit of entities 9.1 measured by the entity method was PLN 9.1 8.3 mn (+16.9% Y

  17. Slide 17: 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 30.06.2022 30.09.2022 31.12.2022 31.03.2023 30.06.2023  Decrease in the total assets QoQ Non-current assets, including among others 608.2 614.6 651.6 672.9 682.8 mainly driven b

  18. Slide 18: Financial Results of the GPW Group Q2 2023

    FINANCIAL RESULTS OF THE GPW GROUP Q2 2023 11 August 2023

  19. Slide 19: GPW Group consolidated statement of comprehensive income

    Summary Financial results TGE Other financials Appendices GPW Group consolidated statement of comprehensive income PLN mn Q2'22 Q3'22 Q4’22 Q1’23 Q2’23 Revenue 99.1 88.4 91.5 112.3 110.7 Financial market 58.6 58.0 57.4 66.5 61.1 Trading 38.4 38.2 37.2 44.4 39.2  Revenue up 11.7% YoY to PLN 110.7 mn

  20. Slide 20: GPW Group consolidated statement of cash flows

    Summary Financial results TGE Other financials Appendices GPW Group consolidated statement of cash flows PLN mn 6 months period ended 30 June of 2022 2023 Total net cash flows from operating activities 165.1 91.6 Net profit of the period 76.1 72.5 Adjustments: 114.2 38.4 Income tax 17.5 15.6 Depreci

  21. Slide 21: KDPW Group's financial results

    Summary Financial results TGE Other financials Appendices KDPW Group’s financial results PLN mn Q2’22 Q2’23 2021 2022 Revenue 55.1 61.2 205.3 218.2 Operating expenses 34.6 39.2 126.5 141.3 Operating profit 20.5 22.0 78.8 77.0 Increase in KDPW Group’s revenue from PLN 55.1 mn Net profit (PSR) 20.7 25

  22. Slide 22: GPW Group's revenue structure

    Summary Financial results TGE Other financials Appendices GPW Group’s revenue structure1 GPW Group: PLN 402.9 mn incl. TGE Group: PLN 143.8 mn 4.6% Electricity Shares 28.3% Financial Trading 39.5% market 3.1% Gas 45.7% Trading 18.5% Property 5.5% rights 5.3% Other Derivatives 5.3% Debt 2.9% Commodit

  23. Slide 23: 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 133.2 135.9 131.4 130.8 121.6 80.2 73.1 72.1 65.9 70.1 51.9 55.5 297

  24. Slide 24: 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, mn. 406.6 369.7 330.1 342.9 290.0 184.8 171.2 15.6 165.0 12.6 138.1 140.1 143.6 11.5 12.0 9.5 104.2 4.3%2 8.2 8.0 7.6 8.2 7.5 7.5 7.0 2

  25. Slide 25: 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 3.1%1 Cash Transactions, PLN bn Repo Transactions, PLN bn 845 767 347 599 327 535 474 260 413 407 64 196 369 147 282 76 270 255 0.3%2 49

  26. Slide 26: 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% 30.0% 30.0% 28.9% 27.2% 25.0% 23.6% 20.9% 671 701 664 593 591 557 579 550 575 555 5.5%1 517 539 2013 2014

  27. Slide 27: 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 98 90 93 87 83 78 36 36 35 35 37 58 58 37 54 53 52 36 34 31 30 28 27 60 58 62 55 13.8%1 46 50 42 24 27 24 25 25 2013 2014 2015 2016 2017 2018 2019 202

  28. Slide 28: 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 78.6 154.

  29. Slide 29: 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 6.4%1 32.1 14.6 32.3 28.3

  30. Slide 30: 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 5.9

  31. Slide 31: IR events and Contact: GPW Investor Relations

    IR events Disclaimer 26 October 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 pr

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