Factsheet for the Year 2020
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Fact Sheet #TAURONGreenTurn 2020 as of 31 December 2020 ABOUT TAURON GROUP MARKET POSITION TAURON GROUP’S OPERATIONS TAURON Group is one of the largest companies and second Largest electricity distributor in Poland Sales of electricity Distribution Generation Generation of electricity Production largest verically integrated electrical utility Group in Poland. Share in electricity distribution to final and gas of electricity of electricity and heat from RES of hard coal customers - approx. 35% TAURON Group’s operations cover all elements of the electricity value chain. The Group employs approx. 26 thousand people. Second largest electricity supplier in Poland Since 2010 TAURON’s shares are listed on the Warsaw Stock Share in electricity supply to final customers - approx. 25% Exchange. The Company is included in the following indices (among others): Approx. 29% of Poland’s thermal MSCI Emerging Markets, WIG20, WIG30, WIG-ESG. coal resources are controlled by TAURON GROUP’S ASSETS Wind farms Hard coal fired CHPs Hydroelectric power plants Hard coal mines TWh m PLN SHAREHOLDING STRUCTURE 50.3 5.7 20.4 bn Hard coal fired power plants Distributed No. of Group’s Sales revenue % TAURON Group’s 5.06 electricity customers distribution area 10.39% 30.06% 54.49% m GW MW 4.5 tonnes 5.2 660 Hard coal Installed Installed capacity production capacity in RES State Treasury Nationale-Nederlanded Open Pension Fund KGHM Polska Miedź Other shareholders CAPITAL EXPENDITURES by segment (PLN m) KEY PROJECTS 2019: PLN 4,128 1,785 1,585 480 278 2020 2021 2020: PLN 4,039 Project Construction Project Construction Project Implementing heat Adaptation of power 1,908 1,336 345 450 completed of hard coal fired completed of CCGT unit completed production at Łagisza 94% generating units unit at Jaworzno at Stalowa Wola Power Plant to BAT conclusions - capacity: 910 MWe - capacity: 450 MWe - modernizing the Distribution Generation Mining Other segments 460 MW turbine tauron.pl SELECTED FINANCIAL DATA EBITDA STRUCTURE (PLN m) 7% Sales revenue and costs Financial results and realized margins 12% 5% 16% 4,223 20.7% 21,803 17.9% 72% 20,065 20,059 20,434 3,599 72% Other and exclusions KEY SEGMENTS’ RESULTS Supply (2020) Distribution RES (PLN m) Distribution Generation RES Supply Mining 295 1.5% 10% -0.1% Generation Sales -11 12% 7% 6,866 3,493 616 17,249 1,052 revenue 4% Mining -4% 3,023 172 297 683 -157 -1,732 EBITDA -8.5% -14% 1,857 -2,713 146 642 -887 2019 2020 -2,485 EBIT 2019 2020 -12.2% Sales revenue Costs* 2019 2020 EBITDA EBIT Net profit* * Costs of sales, selling and distribution expenses, administrative expenses EBITDA margin EBIT margin Net profit margin* * Net profit and net profit margin attributable to shareholders of the parent company BUSINESS MODEL Process streams » Shaping external and internal environment, communications Strategy Distribution Strategy » Setting expansion directions taking into account regulatory, business and technology changes » Overseeing implementation of the strategy in the organization Generation Finance Finance » Finance, risk and IT management Heat Asset » Coherent and efficient asset management aimed at ensuring Asset Management Management the required efficiency rate in the most cost-efficient manner and Development RES and » Fostering the Group’s operations growth through R&D and innovations CENTER Development CORPORATE CORPORATE Supply Customer Customer » Managing customer relations and experience in interactions with TAURON Group and Trade » Expanding cooperation between lines of business (to satisfy customer needs and and Trade generate additional revenue streams/margin) Trade » Optimizing the Group’s trading operations on wholesale and retail markets Corporate Corporate » Developing corporate governance and the Group’s management principles Management/ Mining Management/ » Reorganizing (formal) and restructuring (operational) of the operations Support Support » Supervision over quality and efficiency of the support processes CONTACT US Investor Relations Media Relations Marcin Lauer – Head of Investor Relations Paweł Gaworzyński Katarzyna Heinz Mirosław Szczygielski [email protected] [email protected] [email protected] [email protected] [email protected] +48 32 774 27 06 +48 32 774 25 34 +48 516 111 038 +48 32 774 25 38 This factsheet serves information purposes only and should not be treated as an investment-related advice. This factsheet has been prepared by TAURON Polska Energia S.A. (“Company”). Neither the Company nor any of its subsidiaries should be held responsible for any damage resulting from the use of this factsheet or its contents or in any other manner in connection with this factsheet. tauron.pl.