Financial results by areas of activity
The structure of the Group's revenues on external sales by segment
| Specification | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
| Coal | 58,0% | 56,4% | 47,8% | 50,9% | 55,0% | 51,8% | 55,5% | 52,8% | 49,7% | 43,6% | 46,6% | |
| Coke and coal derivatives | 36,8% | 39,3% | 41,6% | 43,6% | 40,9% | 45,4% | 41,5% | 41,9% | 44,0% | 51,2% | 48,5% | |
| Other business | 5,2% | 4,3% | 4,6% | 5,5% | 4,1% | 2,8% | 3,0% | 5,3% | 6,3% | 5,2% | 4,8% | |
| Financial results by operating segments | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
| in PLN millions | ||||||||||||
| Hard coal mining and sales | ||||||||||||
| Sales revenues to external customers | 8 876,0 | 11 406,9 | 5 079,8 | 3 554,6 | 4 771,1 | 5 084,6 | 4 925,9 | 3 551,6 | 3 449,4 | 2 972,3 | 3 559,0 | |
| Adjustment of sales revenues on account of execution of hedging transactions* | 30,9 | - | - | - | - | - | - | - | - | - | - | |
| Operating profit of the segment *** | 3 252,6 | 8 744,4 | 411,9 | (1 760,2) | 478,1 | 1 753,1 | 3 001,9 | 663,4 | (3 201,8) | (843,8) | 70,1 | |
| Depreciation and amortization *** | 1 549,3 | 1 330,7 | 1 039,4 | 935,0 | 878,6 | 612,1 | 680,9 | 655,6 | 1 097,9 | 1 034,8 | 921,8 | |
| EBITDA *** | 4 801,9 | 10 075,1 | 1 451,3 | (825,2) | 1 356,7 | 2 365,2 | 3 682,8 | 1 319,0 | (2 103,9) | 191,0 | 991,9 | |
| Production and sale of coke and coal derivatives | restated data* | |||||||||||
| Sales revenues to external customers | 5 632,1 | 7 945,8 | 5 064,7 | 3 047,0 | 3 545,0 | 4 451,5 | 3 688,1 | 2 822,7 | 3 051,8 | 3 489,2 | 3 704,3 | |
| Adjustment of sales revenues on account of execution of hedging transactions* | 9,1 | (35,8) | (3,1) | (53,4) | - | - | - | - | - | - | - | |
| Operating profit of the segment | (780,5) | 584,3 | 1 234,4 | (88,0) | 259,5 | 416,4 | (47,9) | (67,5) | (715,8) | 12,9 | 62,0 | |
| Depreciation and amortization | 107,6 | 102,6 | 113,7 | 107,7 | 103,4 | 100,2 | 96,8 | 125,2 | 192 | 195,4 | 203,9 | |
| EBITDA | (672,9) | 686,9 | 1 348,1 | 19,7 | 362,9 | 516,6 | 48,9 | 57,7 | (523,8) | 208,3 | 265,9 | |
| Other business | ||||||||||||
| Sales revenues to external customers | 790,4 | 881,6 | 487,7 | 387,8 | 355,7 | 273,4 | 263,2 | 357 | 433,7 | 353,4 | 368,9 | |
| Operating profit of the segment | 173,4 | 11,9 | 86,7 | 92,2 | 93,2 | 84,9 | 57,1 | 52,2 | 51,7 | 45,5 | 82,9 | |
| Depreciation and amortization | 148,3 | 142,3 | 145,6 | 133,9 | 108,9 | 64,4 | 56,2 | 64,5 | 81,1 | 80,2 | 83,0 | |
| EBITDA | 321,7 | 154,2 | 232,3 | 226,1 | 202,1 | 149,3 | 113,3 | 116,7 | 132,8 | 125,7 | 165,9 | |
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Financial results by areas of activity
Format: xlsx | 14 KB
*Revenues from sales excluding adjustments to revenues from the implementation of hedging transactions relating to : the coal segment (in 2023: PLN 30.9 million, in 2022: PLN 0.00 million) and the coke segment (in 2023: PLN 9.1 million, in 2022: PLN (35.8) million), in 2021: (3.1) million PLN, in 2020: (PLN 53.4) million.
**Restated data - Restated data refers to data for 2020 (Coke Segment).
*** Data restated in connection with the change in accounting principles (policy) with respect to the recognition of expenditures for wall reinforcement applied as of January 1, 2023 - see Note 2.6. of the Consolidated Financial Statements of the Jastrzębska Spółka Węglowa S.A. Group for the fiscal year ended December 31, 2023 for details.
Source: Management board report on the activity of the Jastrzębska Spółka Węglowa S.A. and the Jastrzębska Spółka Węglowa S.A. Capital Group for the financial year ended 31 December 2023
Financial results by areas of activity
The structure of the Group's revenues on external sales by segment
| Specification | I-IX 2023 | I-IX 2022 |
| Coal | 57,7% | 55,7% |
| Coke and coal derivatives | 37,2% | 40,2% |
| Other business | 5,1% | 4,1% |
| Financial results by operating segments | for the period ended | |
| 30 September 2023 | 30 September 2022* | |
| in PLN millions | ||
| Hard coal mining and sales | ||
| Sales revenues to external customers** | 6 907,6 | 8 955,6 |
| Operating profit of the segment | 2 745,9 | 7 270,0 |
| Depreciation and amortization | 1 103,1 | 1 004,0 |
| EBITDA | 3 849,0 | 8 274,0 |
| Production and sale of coke and coal derivatives | ||
| Sales revenues to external customers** | 4 449,3 | 6 462,9 |
| Operating profit of the segment | (525,8) | 688,4 |
| Depreciation and amortization | 80,2 | 77,0 |
| EBITDA | (445,6) | 765,4 |
| Other business | ||
| Sales revenues to external customers** | 609,9 | 660,0 |
| Operating profit of the segment | 147,1 | 70,6 |
| Depreciation and amortization | 106,9 | 104,2 |
| EBITDA | 254,0 | 174,8 |
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Financial results by areas of activity
Format: xlsx | 13 KB
* Figures restated due to the change in accounting policy applied as of 1 January 2023 regarding the recognition of longwall outfitting expenditures.
** Sales revenues without taking into account an adjustment of revenues due to execution of a hedging transaction related to: the coal segment (in the 3 quarters of 2023: PLN 23.3 million, in the corresponding period of 2022: PLN 0.00 million) and the coke segment (in the 3 quarters of 2023: PLN 9.6 million, in the corresponding period of 2022: PLN (29.3) million).
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 2023
Financial results by areas of activity
The structure of the Group's revenues on external sales by segment
| Specification | I-VI 2023 | I-VI 2022 |
| Coal | 57,7% | 54,8% |
| Coke and coal derivatives | 37,7% | 41,5% |
| Other business | 4,7% | 3,7% |
| Financial results by operating segments | for the period ended | ||
| 30 June 2023 | 30 June 2022 (restated data)* |
||
| in PLN millions | |||
| Hard coal mining and sales | |||
| Sales revenues to external customers** | 4 948,5 | 5 984,2 | |
| Operating profit of the segment | 2 554,7 | 5 071,8 | |
| Depreciation | 702,5 | 675,8 | |
| EBITDA*** | 3 257,2 | 5 747,6 | |
| Production and sale of coke and coal derivatives | |||
| Sales revenues to external customers** | 3 230,4 | 4 531,3 | |
| Operating profit of the segment | (275,0) | 358,0 | |
| Depreciation | 53,0 | 51,3 | |
| EBITDA*** | (222,0) | 409,3 | |
| Other business | |||
| Sales revenues to external customers** | 400,6 | 402,5 | |
| Operating profit of the segment | 96,9 | 44,6 | |
| Depreciation | 69,4 | 69,2 | |
| EBITDA*** | 166,3 | 113,8 | |
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Financial results by areas of activity
Format: xlsx | 12 KB
*Figures restated due to the change in accounting policy applied as of 1 January 2023 regarding the recognition of longwall outfitting expenditures.
** Sales revenues without taking into account an adjustment of revenues due to execution of a hedging transaction related to the coke segment, which amounts for H1 2022: PLN (14.8) million, for H1 2021: PLN 0.00 million.
***EBITDA = operating profit/(loss)/(a) plus depreciation.
According to the ESMA Guidelines on Alternative Performance Measures (APM), EBITDA is an Alternative Performance Measure. EBITDA, as a measure not defined by IFRS, is not a standardized measure and the manner of its calculation may differ between companies. EBITDA used by the Group may not be comparable to similar ratios presented by other companies. This ratio should be treated as supplementary information extending the presentation of the results and other data of the Group.
Source: Management Board report on the activity of the Jastrzębska Spółka Węglowa S.A. Capital Group for the period of 6 months ended 30 June 2022
Financial results by areas of activity
The structure of the Group's revenues on external sales by segment
| Specification | I-III 2023 | I-III 2022 | I-III 2021 | I-III 2020 | I-III 2019 | I-III 2018 | I-III 2017 | I-III 2016 | I-III 2015 | I-III 2014 | |
| Coal | 61,1% | 54,3% | 45,9% | 46,7% | 53,0% | 56,6% | 64,7% | 49,2% | 49,4% | 40,9% | |
| Coke and coal derivatives | 34,6% | 41,8% | 48,8% | 48,2% | 44,3% | 41,0% | 32,6% | 41,8% | 43,1% | 52,7% | |
| Other business | 4,3% | 3,9% | 5,3% | 5,1% | 2,7% | 2,4% | 2,7% | 9,0% | 7,5% | 6,4% | |
The Group's results with split into individual areas (segments) of activity
| Financial results by operating segments | for the period ended | ||||||||||
| 31 March 2023 | 31 March 2022 | 31 March 2021 | 31 March 2020 | 31 March 2019 | 31 March 2018 | 31 March 2017 | 31 March 2016 | 31 March 2015 | 31 March 2014 | ||
| in PLN millions | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
| Hard coal mining and sales | restated data* | ||||||||||
| Sales revenues to external customers | 2 722,2 | 2 679,6 | 917,6 | 918,1 | 1 319,5 | 1 419,8 | 1 537,8 | 690,1 | 894,6 | 679,7 | |
| Adjustment of sales revenues on account of execution of hedging transactions | (1,3) | - | - | - | - | - | - | - | - | - | |
| Operating profit of the segment | 1 699,6 | 2 170,6 | (398,6) | (203,5) | 352,4 | 980,0 | 1 139,2 | (121,4) | (218,5) | (139,2) | |
| Depreciation | 338,6 | 363,6 | 254,9 | 244,7 | 189,3 | 146,1 | 158,1 | 172,1 | 252,3 | 233,7 | |
| EBITDA | 2 038,2 | 2 534,2 | (143,7) | 41,2 | 541,7 | 1 126,1 | 1 297,3 | 50,7 | 33,8 | 94,5 | |
| Production and sale of coke and coal derivatives | restated data* | restated data* | |||||||||
| Sales revenues to external customers | 1 542,1 | 2 066,7 | 974,7 | 947,7 | 1 101,6 | 1 029,9 | 774,7 | 586,2 | 780,7 | 876,5 | |
| Adjustment of sales revenues on account of execution of hedging transactions | 3,9 | (7,3) | (0,4) | (1,4) | - | - | - | - | - | - | |
| Operating profit of the segment | (195,5) | 106,1 | 211,7 | (6,2) | 100,2 | 30,9 | (71,5) | (10,3) | 2,1 | 25,9 | |
| Depreciation | 26,2 | 25,7 | 28,1 | 26,1 | 25,4 | 24,8 | 23,3 | 35,8 | 44,6 | 48,8 | |
| EBITDA | (169,3) | 131,8 | 239,8 | 19,9 | 125,6 | 55,7 | (48,2) | 25,5 | 46,7 | 74,7 | |
| Other business | restated data* | ||||||||||
| Sales revenues to external customers | 191,5 | 191,9 | 106,2 | 100,2 | 67,0 | 60,9 | 63,5 | 125,9 | 134,8 | 107,5 | |
| Operating profit of the segment | 36,9 | 28,5 | 24,5 | 29,4 | 27,7 | 30,3 | 13,3 | 35,7 | 26,9 | 30,4 | |
| Depreciation | 34,3 | 33,6 | 33,6 | 30,6 | 20,6 | 15,6 | 14,0 | 19,9 | 19,6 | 19,7 | |
| EBITDA | 71,2 | 62,1 | 58,1 | 60,0 | 48,3 | 45,9 | 27,3 | 55,6 | 46,5 | 50,1 | |
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Financial results by areas of activity
Format: xlsx | 14 KB
* Figures restated due to the change in accounting policy applied as of 1 January 2023 regarding the recognition of longwall outfitting expenditures
** The change in the presentation rules applied by the Group as of 1 January 2021 pertains to reclassification of the effective result in connection with execution of the hedged position from other comprehensive income to profit or loss.
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 2023