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

Gielda Papierow Wartosciowych W Warszawie — Giełda Papierów Wartościowych w Warszawie — Q1 2023 Earnings Presentation

30 slides from Gielda Papierow Wartosciowych W Warszawie's earnings presentation, May 19, 2023

  1. Slide 1: Financial Results of the GPW Group Q1 2023

    FINANCIAL RESULTS OF THE GPW GROUP Q1 2023 19 May 2023

  2. Slide 2: Agenda

    Agenda I. Milestones and summary of trading on the financial market in Q1 2023 II. GPW Group financial results in Q1 2023 III. Summary of trading on the commodity market and TGE Group financial results in Q1 2023 IV. Other financials V. Appendices

  3. Slide 3: Q1'23: Milestones

    Summary Financial results TGE Other financials Appendices Q1’23: Milestones EOB shares turnover on the Main Market in Q1’23 GPW Group revenue in Q1’23 PLN 69.8 bn PLN 112.3 mn Average daily EOB turnover PLN 1.12 bn Second highest quarterly revenue in the Group's history New business lines: GPW Logis

  4. Slide 4: 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 39.9 298 32.9 34.8 35.2 35.3 32.3 31.8 279 313.5 251 297.3 228 285.6 217 206 84.0 236.4 102.8 60.8 185 180 181

  5. Slide 5: Growing turnover in derivatives

    Summary Financial results TGE Other financials Appendices Growing turnover in derivatives Derivatives turnover volume1 mn contracts -2.6% 4.2 4.0 3.9 3.9 -7.5% 3.4 3.5  Total derivatives turnover volume in 3.3 3.1 2.8 Q1'23: 3.9 mn contracts (-2.6% YoY, 2.7 -7.5% QoQ).  WIG20 futures turnover volu

  6. Slide 6: GPW Group ESG Strategy

    Summary Financial results TGE Other financials Appendices GPW Group ESG Strategy Implementation and operational activities in the Group in line with the GPW Group ESG Strategy 2025: ✓ Monitoring Scope 1 and Scope 2 emissions resulting from our activities CONTRIBUTION TO ACHIEVING E 17 SUSTAINABLE DE

  7. Slide 7: Financial performance

    Summary Financial results TGE Other financials Appendices Financial performance Sales revenue Operating expenses PLN mn PLN mn PFSA +1.8% Sales revenue +25.2% 110.2 112.3  Increase of revenues in Q1'23 by 1.8% YoY to PLN 112.3 mn, driven by higher revenues from the 86.2 91.5 commodity market (PLN 4

  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 46.0% 47.2% 44.6% +1.8% 32.9% 31.1% 38.4% 41.2% 34.5% 35.2% 110.2 112.3 24.1% 99.1 PLN mn PLN mn 91.5 88.4 -31.2% 50.7 -29.0% 46.8 40.

  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 Q1’23: 39,5% PLN mn Q1’23: 5,6% PLN mn Q1’23: 13,2% -17.3% 53.7 +8.1% -0.2% 14.8 14.6 14.3 14.6 44.4 13.7 +1.3% 6.3 6.3 38.4 38.2 37.2 +

  10. Slide 10: GPW Group's revenue structure in Q1'23

    Summary Financial results TGE Other financials Appendices GPW Group’s revenue structure in Q1’23 Change of share in GPW Group GPW Group : PLN 112.3 mn GPW Group’s annual revenue revenue Q1’23 vs Q1’22 PLN mn Increase CAGR: +5.3% Decrease 404 408 389 352 347 336 318 328 311 26.9% Shares 269 274 284 2

  11. Slide 11: 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 42.4 43.4 Electricity market 42.0 40.8 36.6 35.6  Total electricity turnover volume in Q1'23 was 34.6 30.9 34.6 TWh (-17.7% YoY,

  12. Slide 12: 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 Q1’23: 18,1% Trading revenue – commodity market PLN mn  Increase of revenue from trading in electricity to PLN 5.7 mn (+50.0% YoY; +107.0% QoQ) driven by an increase in trading on

  13. Slide 13: Revenue from clearing

    Summary Financial results TGE Other financials Appendices Revenue from clearing Q1’23: 12,2% Revenue from clearing PLN mn +18.0%  Increase in revenues from clearing in Q1'23 to PLN 13.7 mn (+10.5% YoY; +25.9% QoQ), mainly due to higher revenues on the electricity market (driven 14.7 among others by

  14. Slide 14: Operating expenses (OPEX) and CAPEX

    Summary Financial results TGE Other financials Appendices Operating expenses (OPEX) and CAPEX Operating expenses PLN mn +25.2% 86.2  Total employee costs: PLN 34.3 mn in 15.5 Q1'23. YoY increase mainly driven by 68.8 +5.7% YoY higher salaries (PLN 25.4 mn vs. PLN 20.0 62.5 64.2 8.4 0.0 59.3 0.0 -14

  15. Slide 15: 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 -4.9%  The Group's share of profit of entities 8.3 7.8 7.6 measured by the equity method in Q1'23 amounted to

  16. Slide 16: 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 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023  Increase in total assets as at 31 Non-current assets, including among others 618.2 608.2 614.6 651.6 672.9 March 2023 yea

  17. Slide 17: Financial Results of the GPW Group Q1 2023

    FINANCIAL RESULTS OF THE GPW GROUP Q1 2023 19 May 2023

  18. Slide 18: GPW Group consolidated statement of comprehensive income

    Summary Financial results TGE Other financials Appendices GPW Group consolidated statement of comprehensive income PLN mn Q1'22 Q2'22 Q3'22 Q4’22 Q1’23 Revenue 110.2 99.1 88.4 91.5 112.3 Financial market 73.7 58.6 58.0 57.4 66.5  Increase of revenues in Q1'23 by 1.8% Trading 53.7 38.4 38.2 37.2 44.

  19. Slide 19: GPW Group consolidated statement of cash flows

    Summary Financial results TGE Other financials Appendices GPW Group consolidated statement of cash flows PLN mn 3 months period ended 31 March of 2023 2022 Total net cash flows from operating activities 138.6 150.7 Net profit of the period 27.0 38.1 Adjustments: 121.3 122.3 Income tax 6.5 8.5 Deprec

  20. Slide 20: KDPW Group's financial results

    Summary Financial results TGE Other financials Appendices KDPW Group’s financial results * PLN mn Q1’22 Q1’23 2021 2022 Revenue 53.4 55.8 205.3 218.2 Operating expenses 31.9 37.1 126.5 141.3 Operating profit 21.6 18.7 78.8 77.0 Increase in KDPW Group’s revenue from PLN 53.4 mn Net profit (PSR) 19.7

  21. Slide 21: GPW Group's revenue structure

    Summary Financial results TGE Other financials Appendices GPW Group’s revenue structure1 GPW Group: PLN 391.3 mn incl. TGE Group: PLN 143.6 mn Shares 28.5% Trading 40.4% Financial Market 46.5%2 3.9% Electricity Derivatives 5.4% 3.1% Gas Debt instruments 2.8% Trading Other 4 3.7% 6.2% Property rights

  22. Slide 22: 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 164.0 133.2 135.9 131.4 80.2 128.8 65.9 70.1 73.1 72.1 51.9 55.5 297

  23. Slide 23: 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. 406.6 389.0 330.1 331.4 290.0 184.8 171.2 15.6 165.0 12.6 138.1 140.1 143.6 11.5 12.0 9.5 104.2 4.6%2 8.2 8.0 7.6 8.2 7.0 4.0 3.9 2

  24. Slide 24: 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 2.6%1 Cash Transactions, PLN bn Repo Transactions, PLN bn 845 767 347 599 327 535 474 260 413 407 64 196 369 147 282 76 255 5.4%2 498 86

  25. Slide 25: 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% 671 701 656 593 591 557 579 550 575 584 5.6%1 517 539 2013 2014

  26. Slide 26: 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 13.5%1 46 50 42 24 27 24 25 25 2013 2014 2015 2016 2017 2018 2019 202

  27. Slide 27: 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

  28. Slide 28: 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 4.6%1 32.1 32.3 28.3 28.5

  29. Slide 29: 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 6.2

  30. Slide 30: IR events Contact: GPW Investor Relations

    IR events Disclaimer 27 July 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 prepa

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