Estimated selected financial and operating data for the first quarter of 2020

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) publishes initial selected consolidated financial and operating data for the first quarter of 2020.

According to the initial estimates net electricity production at PGE generating units in the first quarter of 2020 amounted to 15.4 TWh, distribution volume arrived at 9.2 TWh and sales to final off-takers came out at 10.7 TWh. Heat sales volume amounted to 19.7 PJ.

Consolidated EBITDA for the first quarter of 2020 amounted to approximately PLN 1 770 m, including:

EBITDA of Conventional Generation segment PLN 497 m,

EBITDA of District Heating segment PLN 342 m,

EBITDA of Distribution segment PLN 573 m,

EBITDA of Supply segment PLN 218 m,

EBITDA of Renewables segment PLN 193 m.

Consolidated net profit attributable to equity holders of the parent company amounted to approximately PLN 432 m (i.e. earnings per share of PLN 0.23). CAPEX amounted to PLN 957 m. Estimated net debt amounted to approximately PLN 13 962 m as at March 31, 2020.

Average electricity wholesale price realized by Conventional Generation segment in the first quarter of 2020 amounted to PLN 285.4 per MWh.

Disclaimer: Presented values are estimated and may change. Consolidated financial statements of the PGE Group are still in the preparation process. The consolidated report for the first quarter of 2020 will be published on May 26, 2020.