Data for 2018 years

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION Unit As at 30.09.2018 As at 30.09.2017
Total assets PLN mm 14 074,7 12 243,8
Non-current assets PLN mm 10 056,3 8 790,8
Current assets PLN mm 4 018,4 3 453,0
Equity PLN mm 8 174,4 5 866,2
Liabilities PLN mm 5 900,3 6 377,6
STATEMENT OF COMPREHENSIVE INCOME Unit 3 quarters 2018
period
1 January to
30 September 2018
3 quarters 2017
period
1 January to
30 September 2017
Sales revenues PLN mm 7 286,4 6 684,4
Gross sales profit (loss) PLN mm 2 420,1 2 658,0
Operating profit (loss) PLN mm 1 854,6 2 206,7
EBITDA PLN mm 2 408,2 2 822,1
EBITDA margin % 33,1 42,2
Pre-tax profit (loss) PLN mm 1 795,6 2 223,8
Net profit (loss) PLN mm 1 442,0 1 791,1
Total comprehensive income PLN mm 1 447,4 1 796,6
CASH FLOW STATEMENT Unit 3 quarters 2018
period
1 January to
30 September 2018
3 quarters 2017
period
1 January to
30 September 2017
Net cash flow on operating activity PLN mm 2 445,1 2 337,1
Net cash flow on investing activity PLN mm (1 189,3) (495,1)
Net cash flow on financing activity PLN mm (215,2) (607,3)
Change in net cash and cash equivalents PLN mm 1 040,6 1 234,7
FINANCIAL RATIOS   As at 30.09.2018 As at 30.09.2017
Current liquidity   1,11 1,85
Quick liquidity   0,94 1,63
Total debt ratio   0,42 0,52
Debt to equity ratio   0,72 1,09
Fixed capital to non-current assets ratio   0,89 0,86
FINANCIAL RATIOS Unit As at 30.09.2018 As at 30.09.2017
Net return on sales % 19,8 26,8
Total return on assets (ROA) % 10,2 14,6
Return on equity (ROE) % 17,6 30,5

Source: Additional information for the consolidated quarterly report of the Jastrzebska Spółka Węglowa S.A. Capital Group for the period of 9 months ended 30 September 2018

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION Unit As at 30.06.2018 As at 30.06.2017
Total assets PLN mm 13 580,8 12 261,2
Non-current assets PLN mm 9 799,7 8 849,5
Current assets PLN mm 3 781,1 3 411,7
Equity PLN mm 7 810,1 5 517,0
Liabilities PLN mm 5 770,7 6 744,2
STATEMENT OF COMPREHENSIVE INCOME Unit 1 half 2018
period from 01.01.2018 to 30.06.2018
1 half 2017
period from 01.01.2017 to 30.06.2017
Sales revenues PLN mm 4 933,5 4 693,5
Gross sales profit (loss) PLN mm 1 797,5 2 041,8
Operating profit (loss) PLN mm 1 397,9 1 742,9
EBITDA PLN mm 1 767,1 2 152,0
EBITDA margin % 35,8 45,9
Pre-tax profit (loss) PLN mm 1 351,8 1 768,8
Net profit (loss) PLN mm 1 086,4 1 429,1
Total comprehensive income PLN mm 1 073,2 1 447,4
CASH FLOW STATEMENT Unit 1 half 2018
period from 01.01.2018 to 30.06.2018
1 half 2017
period from 01.01.2017 to 30.06.2017
Net cash flow on operating activity PLN mm 1 804,2 1 654,5
Net cash flow on investing activity PLN mm (705,0) (679,3)
Net cash flow on financing activity PLN mm (157,4) (376,9)
Change in net cash and cash equivalents PLN mm 941,8 598,3
FINANCIAL RATIOS   As at 30.06.2018 As at 30.06.2017
Current liquidity   1,09 1,72
Quick liquidity   0,90 1,49
Total debt ratio   0,42 0,55
Debt to equity ratio   0,74 1,22
Fixed capital to non-current assets ratio   0,87 0,84
FINANCIAL RATIOS Unit As at 30.06.2018 As at 30.06.2017
Net return on sales % 22,0 30,4
Total return on assets (ROA) % 8,0 11,6
Return on equity (ROE) % 13,9 25,9

Source: Management Board Report on the activity of the Jastrzebska Spółka Węglowa S.A. Capital Group for the period of 6 months ended 30 June 2018

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION Unit 31.03.2018 31.03.2017 31.03.2016 31.03.2015 31.03.2014 31.03.2013
Total assets PLN mm 12 706,0 11 967,6 11 716,8 15 025,2 13 525,9 14 157,2
Non-current assets PLN mm 9 649,4 8 838,1 10 289,9 13 088,6 10 415,0 9 933,0
Current assets PLN mm 3 056,6 3 129,5 1 426,9 1 936,6 3 110,9 4 224,1
Equity PLN mm 7 493,9 4 950,3 3 877,9 7 008,6 8 261,4 8 719,2
Liabilities PLN mm 5 212,1 7 017,3 7 838,9 8 016,6 5 264,5 5 437,9
STATEMENT OF COMPREHENSIVE INCOME Unit I quarter 2018 I quarter 2017 I quarter 2016 I quarter 2015 I quarter 2014 I quarter 2013
Sales revenues PLN mm 2 510,6 2376,0 1 402,20 1 810,10 1 663,7 2 179,1
Gross sales profit PLN mm 1 086,6 1 131,9 70,1 21,1 118,7 479,2
Operating profit (loss) PLN mm 951,9 1 046,6 (114,8) (205,4) (90,2) 204,2
EBITDA PLN mm 1 135,8 1 239,7 112,0 109,2 210,3 490,8
EBITDA margin % 45,2 52,2 8,0 6,0 12,6 22,5
Pre-tax profit (loss) PLN mm 940,4 1 062,9 (131,6) (240,8) (114,9) 184,6
Net profit (loss) PLN mm 757,9 863,0 (59,5) (196,7) (88,5) 145,4
Total comprehensive income PLN mm 753,9 880,7 (56,3) (227,0) (88,5) 145,4
CASH FLOW STATEMENT Unit I quarter 2018 I quarter 2017 I quarter 2016 I quarter 2015 I quarter 2014 I quarter 2013
Net cash flow on operating activity PLN mm 638,6 792,0 126,7 163,7 37,3 451,6
Net cash flow on investing activity PLN mm (317,5) (530,4) (279,8) (355,9) (466,3) (537,5)
Net cash flow on financing activity PLN mm (127,6) (71,6) (15,9) 40,3 (70,3) (15,2)
Change in net cash and cash equivalents PLN mm 193,5 190,0 (169,0) (151,9) (498,9) (101,1)
FINANCIAL RATIOS   31.03.2018 31.03.2017 31.03.2016 31.03.2015 31.03.2014 31.03.2013
Current liquidity   1,31 1,66 0,37 0,52 1,56 1,99
Quick liquidity   1,08 1,40 0,23 0,39 1,27 1,69
Total debt ratio   0,41 0,59 0,67 0,53 0,39 0,38
Debt to equity ratio   0,70 1,42 2,02 1,14 0,64 0,62
Fixed capital to non-current assets ratio   0,92 0,81 0,49 0,79 1,03 1,13
FINANCIAL RATIOS Unit I quarter 2018 I quarter 2017 I quarter 2016 I quarter 2015 I quarter 2014 I quarter 2013
Net return on sales % 30,2 36,3 (4,2) (10,9) (5,3) 6,7
Total return on assets (ROA) % 6,0 7,2 (0,5) (1,3) (0,7) 1,0
Return on equity (ROE) % 10,1 17,4 (1,5) (2,8) (1,1) 1,7

Source: Additional information for the consolidated quarterly report of the Jastrzębska Spółka Węglowa S.A. Capital Group for the period of 3 months ended 31 March 2018