212 FY financial results 15 March 213
Disclaimer This presentation serves for information purposes only and should not be treated as investment-related advice. This presentation has been prepared by TAURON Polska Energia S.A. ( the Company ). Neither the Company nor any of its subsidiaries shall be held accountable for any damage resulting from the use of this presentation or a part thereof, or its contents or in any other manner in connection with this presentation. The recipients of this presentation shall bear exclusive responsibility for their own analyses and market assessment as well as evaluation of the Company s market position and its potential results in the future based on information contained in herein. To the extent this presentation contains forward-looking statements related to the future, in particular such terms as designed, planned, anticipated, or other similar expressions (including their negation), they shall be connected with the known and unknown risks, uncertainty and other factors which might result in actual results, financial situation, actions and achievements being materially different from any future results, actions or achievements expressed in such forward-looking statements. Neither the Company nor any of its subsidiaries shall be obliged to provide the recipients of this presentation with any additional information or to update this presentation. TAURON Polska Energia S.A. 2
Key events TAURON Polska Energia 212 24 April Ordinary General Meeting decided on dividend payout in the total amount of PLN 543m, which translates into PLN.31 per share 29 June Agreement signed to increase the value of bond issue program by PLN 2.75bn 3 July Agreement signed with European Investment Bank for a PLN 9m loan to be used on upgrade and development of TAURON Dystrybucja distribution grid 4 July Frame agreement signed on exploration and extraction of shale gas 5 September Letter of Intent signed on the purchase of shares in special purpose vehicle PGE EJ 1 established in order to construct and operate a nuclear power plant. Parties to the Letter of Intent are: TAURON Polska Energia, PGE Polska Grupa Energetyczna, KGHM Polska Miedź and ENEA 3 December Construction of 45 MW gas-fired combined heat and power plant at Stalowa Wola launched, in cooperation with PGNiG 19 December Letter of Intent signed with PGNiG on the construction of 4 MW CCGT unit at Elektrownia Łagisza TAURON Polska Energia latest events 15 January New Efficiency Improvement Program announced for 213-215, ultimate savings to reach approx. PLN 86m in total 24 January Tender for the contractor of 91 MW unit at Jaworzno awarded to the Rafako S.A. Mostostal Warszawa S.A. consortium TAURON Polska Energia S.A. 3
Implementation of the CAPEX program The CAPEX program is aimed at upgrading generation assets and cost-effectively increasing generation capacity located in the vicinity of TAURON Group s existing assets (brownfield projects) Katowice new CCGT unit (135 MW e / 9 MW t ) Wind farms: 4 MW in Wicko and 1 MW in Marszewo Blachownia new CCGT unit (85 MW e ) Stalowa Wola new CCGT unit (45 MW e / 24 MW t ) ZEC Bielsko-Biała new heat unit (5 MW e / 182 MW t ) Stalowa Wola boiler conversion to biomass burning (2 MW e ) Tychy new CHP unit (5 MW e / 86 MW t ) Jaworzno III construction of biomass-fired fluidized bed boiler (5 MW e / 45 MW t ) Łaziska upgrade of boilers to comply with future nitrogen emission standards Tychy fluidized bed boiler conversion to biomass burning (4 MW e ) Jaworzno III new coal-fired unit (91 MW e ) Jaworzno III upgrade of boilers to comply with future nitrogen emission standards TAURON Polska Energia S.A. 4
Capital expenditures PLNm 4 3 472 3 5 3 2 54 38.7% 222 16 22 62 2 5 2 13 5 14 2 1 786 1 5 1 285 1 44 34 5 829 857 178 167 211 212 Mining Generation RES Distribution Supply Customer Service Heat Other In 212 TAURON Group s CAPEX amounted to almost PLN 3.5bn and was higher than in 211 by almost 39%. This was mainly due to significant increase of investment in the Distribution, RES, Generation and Heat segments The main investment projects executed in 212 include: in Distribution: construction of new connections (capital expenditures: PLN 52m); upgrade and restoration of grid assets (capital expenditures: PLN 1 74m) in Generation: construction of new and upgrade of existing generation units (capital expenditures: PLN 473m); construction of installations for No x emission reduction (capital expenditures: PLN 216m) in Heat: capacity restoration (capital expenditures: PLN 121m); construction and upgrade of heat distribution grid (capital expenditures: approx. PLN 5m) in RES: construction of wind farms (capital expenditures: PLN 31m) TAURON Polska Energia S.A. 5
Key operating data Q4 211 Q4 212 Change 211 212 Change Production of commercial coal (million t).8 1.48 85% 4.58 5.57 21.6% Electric energy generation (net production) (TWh) 5.8 5.2-1.2% 21.38 19.11-1.6% Including: from renewable sources.22.3 36.4%.99 1.22 23.2% Heat generation (PJ) 5.57 5.68 2% 15.96 16.36 2.5% Distribution (TWh) 9.71 12.13 24.9% 38.24 47.85 25.1% Electricity supply (TWh) 8.87 11.6 3.8% 35.52 44.74 26% Number of customers - Distribution (thousand) 4,143 5,32 28% 4,143 5,32 28% TAURON Polska Energia S.A. 6
Financial results for Q4 212 TAURON Group s revenue (PLNm) TAURON Group s EBITDA per segment (PLNm); EBITDA structure 7 6 5 4 5 588 16.8% 6 527 9 8 7 6 5 686 17% 11% 1% 11.5% 765 14% 17% 1% 3 2 1 Q4 211 Q4 212 4 3 2 1-1 42% 53% 2% 32% 15% 2% -2% 5% Q4 211 -,1% Q4 212-2% Mining Generation RES Distribution Supply Customer Service Heat Other 3 25 2 15 1 5-5 TAURON Group s net profit (PLNm) 247 22-18.1% 2,6% 5% IV kwartał Q4 211 211 IV kwartał Q4 212 212 Share of minority shareholders in profit TAURON Group s EBIT (PLNm) 35 325 38 3-5.2% 25 2 15 1 5 Q4 211 Q4 212 TAURON Polska Energia S.A. 7
Financial results for FY 212 3 25 2 15 1 5 TAURON Group s revenue (PLNm) 24 741 2 755 19.2% 211 212 4 5 4 3 5 3 2 5 2 1 5 1 5 TAURON Group s EBITDA per segment (PLNm); EBITDA structure 3 57 7% 9% 43% 1%,4% 25.6% 3 84 6% 12% 51% 4% 4% 34% 22% 1% 1% 4% 7% 211 212 Mining Generation RES Distribution Supply Customer Service Heat Other TAURON Group s net profit (PLNm) TAURON Group s EBIT (PLNm) 1 8 1 6 1 4 1 2 1 1 267 21.7% 1 541 2 5 2 1 5 1 646 3.9% 2 153 8 6 1 4 2 1,5% 4,8% 211 212 5 211 212 Share of minority shareholders in profit TAURON Polska Energia S.A. 8
EBITDA 212 PLNm 45 4 35 3 25 3 57 Change in EBITDA per segment (PLN m and %), EBITDA margin per segment (%) 14.7% 19.4% 14.3% 69.4% 32.1% 2.6% 7.4% 22.2% 8.7% - 15.5% 176.4 (214.4) 17.4 641.5 27.4 12.4 (11.4) 5.2 (51.7) 159% -2% 14% 49% 77% 98% -5% 14% 3 84 2 15 1 646 2153 1 5 EBITDA 211 Wydobycie Mining Wytwarzanie OZE Dystrybucja Sprzedaż Obsługa klienta Ciepło Pozostałe Pozycje Generation RES Distribution Supply Customer Heat Other Unallocated nieprzypisane items/ / Service exclusions wyłączenia EBITDA 212 EBIT Increase in segment Change in segment (%) Depreciation Decrease in segment EBITDA margin TAURON Polska Energia S.A. 9
Cash as of 1.1.212 Total operating cash flows Gross profit Depreciation Change in liabilities and receivables Other gross profit adjustments Total cash flow from investment Purchase of fixed assets and intangible assets Granting / repayment of loans Other cash flows from investment activity Total cash flows from financial operations Inflows from credits and loans Repayment of credits and loans Issue of debt securities Dividends Interest paid Other cash flows from financial operations Cash as of 31.12.212 Cash flow changes PLNm Cash flow changes in 212 4 5 4 1 686 12 3 5 (221) 3 2 5 3 52 1 936 3 283 2 1 5 15 1 5 (257) 1 5 56 (3 32) (115) 135 148 (56) (222) 32 892 Increase Decrease TAURON Polska Energia S.A. 1
Group s debt level PLNm Group s debt level 5 4 5 4 4 31 (3 622) 3 32 (5) 56 329 (5) 4 535 3 5 3 2 5 2 1 5 1 5 35 net financial debt / EBITDA 1.18x Zadłużenie Net debt as netto of na 1.1.212 Przepływy Operating operacyjne cash flow przed opodatkowaniem before tax Zmiana Change kapitału in pracującego working capital Wydatki CAPEX inwestycyjne Sprzedaż Sales of fixed rzeczowych assets and aktywów trwałych i intangible wartości niematerialnych assets Wypłacone Dividends dywidendy paid Income Podatek tax dochodowy paid zapłacony Pozostałe Other Zadłużenie Net debt as netto of na 31.12.212 31.12.212 In 212 net debt increased by approx. PLN 54m (among others, as a result of drawing new tranches of the loan from EIB, in the amount of PLN 96m) TAURON Polska Energia S.A. 11
Compensation due to termination of Long-Term Contracts Revenue due to compensation PLNm 484-9.5% 438-5.3% 415 36.7% 567 18 16 14 12 1 8 145 164 145 74 147 129 88 73 95 18 138 121 155 155 136 6 4 3 2.8% 4.5% 5.% 4.% 1.9% 4.2% 3.5% 2.% 1.4% 1.9% 2.2% Q1 29 Q2 29 Q3 29 Q4 29 Q1 21 Q2 21 Q3 21 Q4 21 Q1 211 Q2 211 Q3 211 2.5% 1.9% 2.7% Q4 211 Q1 212 Q2 212 2.6% Q3 212 2.1% Q4 212 XX% Share of LTC in quarterly revenue Revenue due to compensation consists of: Indexed advance payments under the Act on LTC Termination Annual adjustments of these advance payments Part of the final adjustment TAURON Polska Energia S.A. 12
Prime cost structure PLNm 14 12 1 8 6 4 2 11 515 9 883 16.5% 1% 1% 11,6% 26% 26% 5% 6% 23% 23% 29% 29% 15% 16% 211 212 Amortization and impairment Consumption of energy and materials Outsourced services Taxes and fees Costs of employee benefits Other prime costs Cost increase in 212 is mainly attributable to: consumption of energy and materials outsourced services, in particular due to higher costs of distribution services costs of employee benefits costs related to implementation of labour cost reduction programs for employees leaving the company voluntarily, also inclusion of the full year employment costs at GZE companies depreciation In 212 variable costs constituted approx. 37%, and fixed costs constituted approx. 63% of the total costs. Change in comparison to 211 when variable costs constituted 46%, and fixed costs constituted 54% results from lower electricity generation (lower variable costs) and higher fixed costs due to the inclusion of GZE companies in 212 TAURON Polska Energia S.A. 13
Efficiency improvement program PLNm 1 2 PLN 422m (cum.); including PLN 228m in 212 PLN 15m (cum.); including PLN 5m in 212 422 15 PLN 1.1bn 1 8 PLN 68m (cum.); including PLN 199m in 212 68 6 4 2 PLN 73m (cum.); including PLN 25m in 212 73 Mining Generation, Heat, RES Distribution Supply Savings 21-212 Voluntary Redundancy Program: since the program s launch 3,48 persons enrolled, as of the end of 212, out of which in 212 employment contracts were terminated with 1,23 persons (in total, since program launch: 2,7 persons). Savings resulting from redundancies, decreased by costs incurred to generate savings, are included in the amounts presented per segment Having completed the first efficiency improvement program, TAURON Group has launched a similar program planned for 213-215, which should bring an approx. PLN 86m OPEX reduction. As a result of the the program s implementation the Group expects OPEX reduction in most segments with the biggest savings coming from Distribution and Generation. TAURON Polska Energia S.A. 14
Key expansion and growth directions TAURON Group expansion and growth directions Group s value increase Fund raising Update of TAURON Group s corporate strategy Acquiring funds from EIB on preferential terms Implementation of another efficiency improvement program Issue of bonds on the domestic market, addressed mainly to financial institutions Issue of Eurobonds after the second rating is assigned Increased CAPEX, particularly in the Generation segment Acquiring funds on preferential terms/ subsidies from the EU funds and environmental funds TAURON Polska Energia S.A. 15
Thank you Q&A Investor Relations Office Marcin Lauer marcin.lauer@tauron-pe.pl tel. + 48 32 774 27 6 Paweł Gaworzyński pawel.gaworzynski@tauron-pe.pl tel. + 48 32 774 25 34 Magdalena Wilczek magdalena.wilczek@tauron-pe.pl tel. + 48 32 774 25 38 TAURON Polska Energia S.A., 212 16
Additional Information TAURON Polska Energia S.A. 17
Electric energy market price trends Electric energy Platforms: TGE, TFS, GFI, GPW-POEE Forward BASE (Y+Q+M) Forward PEAK (Y+Q+M) Forward (weighted average) SPOT (TGE + GPW-POEE) Total weighted average Price PLN/MWh 212 213 (until 26.2.213) 213/212 Volume GWh Price PLN/MWh Volume GWh Price % Volume % 2.8 139,358 189.64 123,432-5.2% - 11.4% 225.56 17,161 28.56 12,883-7.5% - 24.9% 22.88 156,519 191.43 136,316-5.6% - 12.9% 173.58 2,388 167. (Forecast) 2, (Forecast) - 3.8% - 1.9% 199.5 176,97 188.3 156,316-5.6% - 11.6% CO 2 emission allowances (EUR/t): Certificates (PLN/MWh) Survey of CO 2 market analysts* Average in 213 Average in 214 Price (EUR/t) 4 7 EUR/t 9 11 EUR/t Type of certificate Market prices (average in February 213) RES (green) 112.17 Substitution fee and obligation for 213 not announced (12.%) Average in 215 11 13 EUR/t Coal co-generation (red) 4.17 29.84 (not announced) EUA average price in 213 (TAURON forecast) 4 6 EUR/t Gas co-generation (yellow) 125.48 149.3 (not announced) *Source: Deutsche Bank, Barclays Capital, Point Carbon Methane (violet) 58.74 6. (.9%) TAURON Polska Energia S.A. 18
Price [PLN/MWh] BASE contracts for 213 22 Notowania Prices of kontraktów BASE contracts BASE concluded zawartych na for rok 213 213 21 2 19 18 17 16 15 212-1-1 212-2-23 212-4-16 212-6-8 212-7-31 212-9-22 212-11-14 213-1-6 213-2-28 Y-13 Q1-13 Q2-13 Q3-13 Q4-13 Average price of concluded contracts [PLN/MWh]: Volume [GWh] Annual 191.6 18,861 Quarterly 176.47 12,36 Monthly 167.6 2,212 TOTAL 189.64 123,432 TAURON Polska Energia S.A. 19
Price [PLN/MWh] PEAK contracts for 213 25 Notowania Prices of kontraktów PEAK contracts PEAK concluded zawartych na for rok 213 213 24 23 22 21 2 19 18 17 212-1-1 212-2-23 212-4-16 212-6-8 212-7-31 212-9-22 212-11-14 213-1-6 213-2-28 Y-13 Q1-13 Q2-13 Q3-13 Q4-13 Average price of concluded contracts [PLN/MWh]: Volume [GWh] Annual 29,9 12 37 Quarterly 22,87 474 Monthly 198,81 373 TOTAL 28,56 12 883 TAURON Polska Energia S.A. 2
Price [PLN/MWh] BASE contracts for 214 23 Notowania Prices of kontraktów BASE contracts BASE concluded zawartych na for rok 214 214 22 21 2 19 18 17 16 211-8-1 211-11-5 212-2-9 212-5-15 212-8-19 212-11-23 213-2-27 Y-14 Q1-14 Q2-14 Q3-14 Q4-14 Average price of concluded contracts [PLN/MWh]: Volume [GWh] Annual 182,46 32 745 Quarterly 169,63 39 Monthly TOTAL 182,45 32 784 TAURON Polska Energia S.A. 21
Price [PLN/MWh] PEAK contracts for 214 215 Notowania Prices of kontraktów PEAK contracts PEAK concluded zawartych na for rok 214 214 21 25 2 195 19 185 213-1-6 213-1-11 213-1-16 213-1-21 213-1-26 213-1-31 213-2-5 213-2-1 213-2-15 213-2-2 213-2-25 Y-14 Q1-14 Q2-14 Q3-14 Q4-14 Average price of concluded contracts [PLN/MWh]: Volume [GWh] Annual 194,14 132 Quarterly Monthly TOTAL 194,14 132 TAURON Polska Energia S.A. 22
Implementation of the CAPEX program ZEC Bielsko-Biała new heat unit Elektrociepłownia Tychy new CHP unit Capacity 5 MW e / 182 MW t Scheduled commissioning H1 213 Status as of 31 December 212: Construction and assembly works are underway. General contractor: Polimex-Mostostal Capacity 5 MW e / 86 MW t Scheduled commissioning end of 215 Status as of 31 December 212: Contractor selection for the new unit is underway Elektrownia Jaworzno III new fluidized bed boiler (biomassfired) Elektrociepłownia Tychy upgrade of fluidized bed boiler (biomass-fired) Capacity 5 MW e / 45 MW t Capacity 4 MW e Status as of 31 December 212: Construction works are completed. On 31 December 212 the RES-based generation unit was commissioned Elektrownia Stalowa Wola upgrade of K-1 boiler (biomassfired) Capacity 2 MW e Scheduled commissioning Q1 213 Status as of 31 December 212: Final construction and assembly works are underway. General contractor: Rafako Status as of 31 December 212: Biomass boiler construction: Operation permit was obtained on 17 December 212:, trial run is underway, contractor: Metso Power Oy Construction of biomass feeding system: Construction works are underway, contractor: Mostostal Warszawa (commissioning H1 213) WR 4 boiler construction: Preparation of the installation for the warranty measurements, contractor: SEFAKO (commissioning H1 213) TAURON Polska Energia S.A. 23
Implementation of the CAPEX program (2) Elektrownia Stalowa Wola new CCGT unit Capacity 45 MW e / 24 MW t Scheduled commissioning 215 Status as of 31 December 212: General Contractor Abener Energia Construction works have started Detailed design works are underway Elektrociepłownia Katowice new CCGT unit Capacity 135 MW e / 9 MW t Scheduled commissioning 216 Status as of 31 December 212: Contractor selection is underway Elektrownia Blachownia new gas unit Capacity approx. 85 MW e Scheduled commissioning 217 Status as of 31 December 212: Terms of Reference preliminary requirements for the tender for General Contractor of the unit are under preparation Wind farm Wicko Capacity 4 MW e Scheduled commissioning 213 Status as of 31 December 212: General Contractor consortium of Kraków-based Aldesa Nowa Energia and Madrid-based Aldesa Construcciones Engineering works are completed for access roads and assembly sites for 7 wind turbines 2 sets of components for anchoring towers to the foundation have been delivered to the site Wind farm Marszewo Capacity 1 MW e Scheduled commissioning 214 Status as of 31 December 212: 2 foundations are completed, including access roads Works involving medium- and high-voltage grid are underway. Construction and assembly works at the Main Supply Station are completed tests are underway TAURON Polska Energia S.A. 24
Implementation of CAPEX program (3) Elektrownia Jaworzno III boilers upgrade Scope upgrading six OP-65k type boilers to comply with the lower NO x emission standards to be binding in Poland from 218 Commencement of the works 21; scheduled commissioning 216 Status as of 31 December 212 : Upgrades of units No. 2 and No. 4 are completed General contractor: consortium of Fortum Power and Heat (consortium leader) and Zakłady Remontowe Energetyki Katowice (consortium member) Elektrownia Jaworzno III a new coal-fired unit Capacity 91 MW e Scheduled commissioning 218 Status as of 31 December 212: Selection of contractor and contract engineer is underway Latest events: On 24 January 213 Tauron Wytwarzanie selected the offer of the Rafako and Mostostal Warszawa consortium as the winning bid in the tender for coal-fired unit at Jaworzno Elektrownia Łaziska boilers upgrade Scope upgrading four OP-65k type boilers to comply with the lower NO x emission standards to be binding in Poland from 218 Commencement of the works 21; scheduled commissioning 215 Status as of 31 December 212: Works at unit No. 12 are completed Trial run at unit No. 11 is completed. Adjustment of the unit s installation is underway General contractor: STRABAG TAURON Polska Energia S.A. 25
Reporting model Generation SEGMENT Mining SEGMENT RES SEGMENT HEAT SEGMENT Distribution SEGMENT Supply SEGMENT Customer Service SEGMENT Other SEGMENT Mining Segment: Południowy Koncern Węglowy Generation Segment: TAURON Wytwarzanie RES Segment: TAURON Ekoenergia BELS INVESTMENT MEGAWAT MARSZEWO Lipniki Distribution Segment: TAURON Dystrybucja TAURON Serwis GZE Supply Segment: TAURON Sprzedaż TAURON Sprzedaż GZE TAURON Polska Energia TAURON Czech Energy Customer Service Segmet: TAURON Obsługa Klienta TAURON Obsługa Klienta GZE* Other Segment: Kopalnia Wapienia Czatkowice PE-PKH Heat Segment: TAURON Ciepło EC Tychy EC Nowa In Q1 212 TAURON introduced the new reporting model dividing the Group s operations into eight segments * Merger of TAURON Obsługa Klienta and TAURON Obsługa Klienta GZE took place on 31 January 213 after the reported period TAURON Polska Energia S.A. 26
Mining key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 16 1 478 14 12 1 8 6 4 2 1 171 287 111 11 211 212 175 45 4 35 3 25 2 15 1 5-5 -1 386 21 36-14 -37 Q4 211 Q4 212 9 TAURON Polska Energia S.A. 27
Mining EBIT bridge PLNm 2 62 175-6 15 94 1 5 11 13 EBIT I-XII EBIT 211 FY (wyk.) 211 (actual) Wolumen Coal sales sprzedaży volume węgla Cena Coal sprzedaży sales węgla price Own Jedn. cost koszt of coal własny sold sprzedanego per unit węgla Pozostałe Other revenue/ przychody / costs koszty EBIT I-XII EBIT 212 FY (wyk.) 212 (actual) Increase Decrease TAURON Polska Energia S.A. 28
Generation from conventional sources key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 7 6 5 4 3 2 1 5 95 5 85 1 47 513 833 211 212 293 2 1 8 1 6 1 4 1 2 1 8 6 4 2-2 1 748 1 638 219 84 117-32 Q4 211 Q4 212 TAURON Polska Energia S.A. 29
Generation from conventional sources EBIT bridge PLNm 6 5 513 126 152 4 3-139 - 144-161 - 61 7 293 2 1 EBIT I-XII FY 211 Electricity Wolumen sales 211 (wyk.) volume sprzedaży (from (actual) own energii production) z wł. produkcji Cena Electricity energi elektrycznej sales price Variable Jedn. koszt cost of zmienny electricity energii per unit el. Revenue Przych. from z tyt. rekompensaty LTC compensation KDT Margin Marża on na certyfikatach certificates Koszty Fixed costs stałe less bez depreciation amortyzacji Pozostałe Other przychody revenue/ / koszty costs EBIT EBIT I-XII FY 212 212 (wyk.) (actual) Increase Decrease TAURON Polska Energia S.A. 3
Generation from RES key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 25 2 15 1 5 181 126 27 143 11 14 45 4 35 3 25 2 15 1 3 14 7 39 18 9 211 212 5 Q4 211 Q4 212 TAURON Polska Energia S.A. 31
RES EBIT bridge PLNm 16 14 46 1 12 1 8-1 11 14-15 - 7-11 6 4 2 EBIT EBIT I-XII FY 211 (wyk.) (actual) Supply Wolumen volume sprzedaży hydroelectric - el. power wodne plants Supply Wolumen volume sprzedaży wind farms - el.wiatrowe Cena Electricity sprzedaży sales energii price Cena Certificate sprzedaży certyfikatów sales price Depreciation Amortyzacja Pozostałe Other revenue/ przychody / koszty costs EBIT FY I-XII 212 212 (actual) (wyk.) Increase Decrease TAURON Polska Energia S.A. 32
Dinstribution key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 7 6 5 4 4 668 6 66 1 8 1 6 1 4 1 2 1 1 256 1 555 3 2 1 1 944 1 33 1 66 637 211 212 8 6 4 2 42 291 116 167 Q4 211 Q4 212 TAURON Polska Energia S.A. 33
Distribution EBIT bridge PLNm 2 1 5 582 233 22 61-19 1 66 1-45 637 5 EBIT EBIT I-XII FY 211 211 (actual) (wyk.) Sales Wolumen volume sprzedaży distribution usług services dystr. Cena Sales sprzedaży price usług distribution dystr. services Opłaty Connection przyłączeniowe charges Pozostałe Other przychody revenue Jedn. koszty Variable costs zmienne per unit Koszty Fixed stałe EBIT I-XII 212 EBIT FY 212 costs (wyk.) (actual) Increase Decrease TAURON Polska Energia S.A. 34
Supply key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 2 18 16 14 12 13 558 18 53 6 5 4 3 772 5 285 1 8 6 3 2 4 2 271 264 478 452 211 212 1 74 72 13 115 Q4 211 Q4 212 TAURON Polska Energia S.A. 35
Supply EBIT bridge PLNm 6 5 4 13 157-13 115-26 - 3 452 3 264 2 1 EBIT FY I-XII 211 211 (actual) (wyk.) Electricity Wolumen sales sprzedaży volume energii elektrycznej Cena Electricity sprzedaży sales Cena Electricity zakupu Cena Carbon zakupu credit PM / energii elektrycznej price energii purchase elektrycznej price opłata purchase zastępcza price/ substitution fee Akcyza Excise tax Pozostałe Other przychody revenue/ / koszty costs EBIT I-XII FY 212 212 (actual) (wyk.) Increase Decrease TAURON Polska Energia S.A. 36
Heat key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 12 1 95 98 35 3 299 32 8 6 4 2 229 218 161 149 25 2 15 1 5 119 13 17 9 211 212 Q4 211 Q4 212 TAURON Polska Energia S.A. 37
Heat EBIT bridge PLMm 2 161 15 1-31 15-21 - 15 16 24 -,2 149 5 EBIT EBIT I-XII FY 211 211 (actual) (wyk.) Reversed Odwrócenie 211 odpisu impairment z tyt. trwałej utraty write-off wartości 211 Cena Electricity sprzedaży sales energii price Jednostkowe Cost of generation koszty wytwarzania per unit Margin Marża on na certyfikatach certificates Margin Marża na on Koszty Fixed stałe costs bez transakcjach CO2-related dot. amortyzacji less CO2 transactions depreciation Pozostałe Other przychody revenue/ / koszty costs EBIT EBIT I-XII FY 212 212 (actual) (wyk.) Increase Decrease TAURON Polska Energia S.A. 38
Customer Service key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 4 35 339 3 25 2 15 1 5 225 13 25 1 12 211 212 1 8 6 4 2-2 52-1 -2 86-13 -16-4 Q4 211 Q4 212 TAURON Polska Energia S.A. 39
Customer service EBIT bridge PLNm 2 15 61 1 84 5 1 1 12-144 -,13 EBIT I-XII FY 211 (actual) (wyk.) Przychody Customer service z tytułu Pozostałe Other przychody sales Koszty Costs świadczonych of obsługi revenue klienta ze sprzedaży revenue services usług provided Wynik Result na on pozostałej other Pozostałe Other revenue/ przychody / EBIT EBIT I-XII FY 212 212 (wyk.) działalności operations operacyjnej koszty costs (actual) Increase Decrease TAURON Polska Energia S.A. 4
Other key financial data Change: Revenue EBITDA EBIT in the segment (in PLNm) 6 5 4 482 486 16 14 12 1 136 115 3 8 2 1 37 42 29 34 211 212 6 4 2 6 5 4 3 Q4 211 Q4 212 TAURON Polska Energia S.A. 41