Current Report No. 4/2017

Current Report No.: 4/2017

Date of preparation: 18 January 2016

Subject: Estimated financial results for Q4 2016 of Energa Group

Legal basis: Article 17 Section 1 of the Market Abuse Regulation – confidential information 

The Management Board of ENERGA SA hereby reports preliminary estimates of selected financial and operational data for Q4 2016 and 2016.

Financial and operational data for Q4 2016:

EBITDA of the Group: PLN 502 million, including:

EBITDA of the Distribution Segment: PLN 412 million,

EBITDA of the Generation Segment: PLN 122 million,

EBITDA of the Sales Segment: PLN -19 million.

Gross production of electricity: 1 233 GWh.

Distribution of electricity: 5 442 GWh.

Sales of electricity (retail): 5 262 GWh.

Financial and operational data for 2016:

EBITDA of the Group: PLN 2 031 million, including:

EBITDA of the Distribution Segment: PLN 1 722 million,

EBITDA of the Generation Segment: PLN 317 million,

EBITDA of the Sales Segment: PLN 44 million.

Gross production of electricity: 3 947 GWh.

Distribution of electricity: 21 727 GWh.

Sales of electricity (retail): 19 628 GWh.

The presented values are estimates and as such are subject to change. The negative EBITDA of the Sales Segment was caused by the adverse effect of non-recurring non-cash events of PLN -44 m (recognition of provisions for the pending administrative and court proceedings).

According to Current Report No. 15/2016 of 18 April 2016, EBITDA is defined as operating profit plus depreciation and amortization and impairment losses for non-financial non-current assets.