Value creation process
Financial Capital
Financial capital is a group of stable financing of the GPW Group and the potential for developinglarger capital. It includes financial resources intended for conducting business, including equity andforeign capital as well as funds generated as part of operating activities.
Intellectual Capital
The intellectual capital of the GPW Group is knowledge-based intangible and organizationalresources of the Group, including the Group's brand, as well as software, information products,databases, services and internal procedures.
Human Capital
In the GPW CG, human capital is understood as the competences, abilities and experience ofemployees, as well as their motivation to create innovation.
Social and Relational Capital
The Group's social and relational capital includes experiences and relationships within and betweencommunities and stakeholder groups.
Manufactured Capital
The Group's manufactured capital consists of tangible and intangible assets that are intended to beused in the GPW Group's business process, mainly transaction systems and IT infrastructure.
Natural Capital
Natural capital mainly includes the consumption of electricity, heat and water, resources ensuringthe stable operation of exchange trading systems and IT infrastructure.
Results on financial capital
Net profit
- 2019: PLN 119,3 mn
- 2018: PLN 183,7 mn
EBITDA
- 2019: PLN 193,2 mn
- 2018: PLN 202,0 mn
Sales revenue
- 2019: PLN 336,1 mn
- 2018: PLN 346,8 mn
Results on intellectual capital
- Launch of research and development work: development of a proprietary Trading Platformco-financed with an NCBR grant
- Launch of GPW Growth
- Launch of a new Three Seas Region index: CEEplus
- TGE: extension of the Liquidity Improvement Programme launched early in the year
- New listing of structured certificates issued by Societe Generale and Goldman SachsInternational
- New listing of ETFs
Results on manufactured capital
- 100% reliability of the trading systems
- number of reported transaction on GPW markets: 17,9 mn in 2019 vs. 18 ,1 mn transactionsin 2018
- number of reported transaction on TGE markets: 5,8 mn transactions in 2019 vs. 4,5 mntransactions in 2018
Results on natural capital
- Electricity consumption: 1,173.42 MWh in 2019.
- Thermal energy consumption: 949.42 MWh in 2019.
- CO2 emissions for electricity at the level of 897.7 t in 2019.
- CO2 emission for heat energy at the level of 726.3 t in 2019.
- Water consumption at the level of 3,480.22 m3 in 2019.
- Fuel consumption: 10.2 thousand. l in 2019
- Paper consumption: 554 thousand. A4 sheets in 2019
Results on human capital
- employment 413 employees in 2019 vs. 363 employees in 2018 r.
- staff turnover 11% w 2019 r. vs. 10% in 2018
- total employee costs PLN 77,8 mn in 2019 vs. PLN 68,8 mn in 2018
- the ratio of women to men in 2019 is 168 women / 245 men vs. In 2018: 149 women / 214men.
Results on social and relational capital
- Taxes paid: PLN 30.5 mn in 2019 vs. PLN 41.7 mn in 2018
- “Go4Poland” conference participants: 180 in 2019 vs.130 in 2018
- About 9,000 school students visited GPW in 2019 vs. 8,700 in 2018
- Online School Exchange Game (SIGG) participants: 18,700 in 2019 vs. 18,000 in 2018
- 661 students involved in the educational program School of Stock Exchange in 2019 vs. 645students involved in the 2018
Shareholders
- Dividend from net profit: 2019: PLN 100.7 mn (PLN 2,40 per share) vs. 2018: PLN 133.5mn (PLN 3.18 per share)
- EBITDA mergin: 57.5% in 2019 vs. 58.2% in 2018 r.
- ROE: 13,6% in 2019 vs. 21,7% in 2018
Clients/Investors
- IPO value: IPO PLN 76 mn in 2019 vs.PLN 346 mn in 2018
- SPO value: PLN 8.1 billion in 2019 vs. PLN 5.4 billion in 2018
- Value of turnover in the electronic order book on the stock market: PLN 192 billion in 2019vs. PLN 204 billion in 2018
Employees
- GPW is a responsible employer recruiting high-class specialists for all areas of the company'soperations
- Responsible policy of managing HR, payroll, social and bonus processes so that they meetbusiness needs and support the implementation of the GPW strategy
- 4.0 -average training days per employee in 2019 vs.6.2 in 2018
Regulatory environment
- Participation in the creation of legal acts in the area of capital and commodity markets
- Fee for the Polish Financial Supervision Authority PLN 6,8 mn in 2019 vs. PLN 12.5 mn in 2018
Economy and Society
- Transfer to the economy as tax paid: PLN 30.5 mn in 2019 vs. PLN 42.3 mn in 2018
- Enabling financing for enterprises
- Popularization of the capital market and long-term saving culture
- Education in the field of capital market functioning
- Support for Poland's economic development
