LPP annual revenue was zł7.03 b in FY 2017

LPP Gross profit (Q3, 2018)1 B

LPP Gross profit margin (Q3, 2018), %51%

LPP Net income (Q3, 2018)91.6 M

LPP EBIT (Q3, 2018)129.2 M

LPP Cash, 30-Sept-2018851.2 M

LPP revenue was zł7.03 b in FY, 2017 which is a 16.8% year over year increase from the previous period.

LPP revenue breakdown by business segment: 99.7% from Sales of trading commodities and 0.3% from Other

LPP revenue breakdown by geographic segment: 78.2% from EU Member States and 21.8% from Other Countries

PLN | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Revenue | 5.1b | 6.0b | 7.0b |

| 17% | 17% | |

## Cost of goods sold | 23.9b | 3.1b | 3.3b |

## Gross profit | (18.7b) | 2.9b | 3.7b |

| (365%) | 49% | 53% |

## Sales and marketing expense | 20.1b | 2.4b | 2.8b |

## General and administrative expense | 179.2m | 203.8m | 348.1m |

## Operating expense total | 20.4b | 2.7b | 3.2b |

## EBIT | 502.7m | 226.4m | 578.4m |

| 10% | 4% | 8% |

## Interest expense | 90.3m | 33.7m | 19.5m |

## Interest income | 2.0m | 1.3m | 4.8m |

## Pre tax profit | 4.1b | 194.1m | 563.7m |

## Income tax expense | 63.0m | 19.3m | 122.9m |

## Net Income | 351.3m | 174.8m | 440.8m |

PLN | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Cash | 224.4m | 365.8m | 514.8m |

## Accounts Receivable | 115.1m | 165.4m | 199.6m |

## Prepaid Expenses | 26.6m | 37.6m | 44.4m |

## Inventories | 1.3b | 1.2b | 1.5b |

## PP&E | 1.3b | 1.3b | 1.3b |

## Goodwill | 209.6m | 209.6m | 209.6m |

## Total Assets | 3.6b | 3.7b | 4.2b |

## Accounts Payable | 721.4m | 881.1m | 1.3b |

## Short-term debt | 561.1m | 315.1m | 56.5m |

## Current Liabilities | 1.3b | 1.3b | 1.5b |

## Long-term debt | 284.3m | 195.0m | 141.8m |

## Non-Current Liabilities | 344.1m | 267.3m | 233.1m |

## Total Debt | 845.3m | 510.1m | 198.3m |

## Common Stock | 3.7m | 3.7m | 3.7m |

## Additional Paid-in Capital | 235.1m | 251.4m | 277.6m |

## Retained Earnings | 599.3m | 429.6m | 590.2m |

## Total Equity | 1.9b | 2.1b | 2.4b |

## Debt to Equity Ratio | 0.4 x | 0.2 x | 0.1 x |

## Debt to Assets Ratio | 0.2 x | 0.1 x | 0 x |

## Financial Leverage | 1.9 x | 1.7 x | 1.7 x |

PLN | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 145.3m | 219.2m | 265.9m | 365.8m | 280.4m | 514.8m | 256.4m | 440.9m | 651.5m | 851.2m |

## Accounts Receivable | 109.6m | 116.5m | 112.8m | 165.9m | 154.8m | 134.8m | 181.5m | 175.2m | 169.6m | 207.3m |

## Prepaid Expenses | 27.2m | 33.2m | 36.7m | 37.6m | 35.3m | 35.1m | 40.0m | 50.9m | 46.8m | 43.1m |

## Inventories | 1.4b | 1.4b | 1.4b | 1.2b | 1.3b | 1.5b | 1.6b | 1.4b | 1.5b | 1.6b |

## PP&E | 1.2b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.4b | 1.5b | 1.6b | 1.6b |

## Goodwill | 209.6m | 209.6m | 209.6m | 209.6m | 209.6m | 209.6m | 209.6m | 209.6m | 209.6m | 209.6m |

## Total Assets | 3.5b | 3.7b | 3.8b | 3.7b | 3.7b | 4.0b | 4.2b | 4.2b | 4.7b | 5.2b |

## Accounts Payable | 604.0m | 755.9m | 808.5m | 878.3m | 881.9m | 1.2b | 1.4b | 1.3b | 1.4b | 1.8b |

## Short-term debt | 711.8m | 619.2m | 689.4m | 315.1m | 446.2m | 255.4m | 112.1m | 91.2m | 172.7m | 224.1m |

## Current Liabilities | 1.4b | 14.9b | 1.5b | 1.3b | 1.4b | 1.7b | 1.7b | 1.5b | 1.9b | 2.3b |

## Long-term debt | 268.2m | 239.6m | 223.5m | 195.0m | 181.8m | 168.5m | 155.2m | 128.5m | 115.2m | 101.9m |

## Non-Current Liabilities | 326.8m | 303.3m | 292.3m | 269.3m | 305.0m | 316.2m | 307.5m | 317.9m | 322.4m | 315.3m |

## Total Debt | 980.0m | 858.9m | 912.9m | 510.1m | 628.0m | 423.9m | 267.2m | 219.7m | 287.9m | 326.0m |

## Common Stock | 3.7m | 3.7m | 3.7m | 3.7m | 3.7m | 3.7m | 3.7m | 3.7m | 3.7m | 3.7m |

## Additional Paid-in Capital | 243.2m | 243.2m | 243.2m | 251.4m | 251.4m | 251.4m | 277.6m | 277.6m | 277.6m | 277.6m |

## Retained Earnings | 533.8m | 279.1m | 272.6m | 430.8m | 312.4m | 205.6m | 290.7m | 484.9m | 197.6m | 289.1m |

## Total Equity | 1.9b | 1.9b | 1.9b | 2.1b | 2.0b | 2.1b | 2.2b | 2.3b | 2.5b | 2.6b |

## Debt to Equity Ratio | 0.5 x | 0.4 x | 0.5 x | 0.3 x | 0.2 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | |

## Debt to Assets Ratio | 0.3 x | 0.2 x | 0.2 x | 0.2 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | |

## Financial Leverage | 1.9 x | 1.9 x | 2 x | 1.7 x | 1.9 x | 2 x | 1.9 x | 1.8 x | 1.9 x | 2 x |

PLN | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Net Income | 351.3m | 174.8m | 440.9m |

## Depreciation and Amortization | 223.6m | 267.4m | 293.4m |

## Accounts Receivable | 6.5m | (35.8m) | (38.7m) |

## Inventories | (381.7m) | 211.7m | (354.0m) |

## Cash From Operating Activities | 253.9m | 718.2m | 893.2m |

## Purchases of PP&E | 490.6m | 271.8m | 441.6m |

## Cash From Investing Activities | (415.5m) | (181.4m) | (383.9m) |

## Dividends Paid | 58.0m | 59.9m | 65.5m |

## Cash From Financing Activities | 201.2m | (393.8m) | (359.9m) |

## Net Change in Cash | 39.5m | 143.0m | 149.4m |

## Interest Paid | 18.5m | 21.6m | 11.6m |

PLN | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (65.6m) | 24.2m | 17.7m | (117.0m) | 56.2m | 141.4m | (104.8m) | 101.4m | 192.9m |

## Depreciation and Amortization | 62.9m | 129.2m | 197.3m | 73.8m | 147.4m | 219.9m | 84.4m | 170.1m | 258.3m |

## Accounts Receivable | (1.5m) | 11.8m | 7.4m | 9.3m | 61.2m | 18.6m | 44.3m | 41.6m | 16.1m |

## Inventories | (46.1m) | (80.0m) | (85.4m) | (89.9m) | (341.1m) | (498.0m) | 69.4m | (5.9m) | (125.7m) |

## Cash From Operating Activities | (202.2m) | 77.4m | 178.8m | (93.4m) | 348.9m | 478.3m | 51.0m | 471.3m | 901.1m |

## Purchases of PP&E | 36.0m | 125.4m | 187.5m | 112.2m | 201.5m | 321.9m | 148.6m | 287.0m | 497.0m |

## Cash From Investing Activities | (17.5m) | (98.9m) | (142.1m) | (106.3m) | (187.0m) | (292.6m) | (146.0m) | (427.3m) | (619.6m) |

## Dividends Paid | 59.9m | 65.5m | 73.3m | ||||||

## Cash From Financing Activities | 141.9m | 16.7m | 5.5m | 114.6m | (90.6m) | (294.7m) | 19.8m | 82.6m | 54.5m |

## Net Change in Cash | (77.8m) | (4.8m) | 42.1m | (85.1m) | 71.2m | (109.0m) | (75.2m) | 126.6m | 336.0m |

## Interest Paid | 5.4m | 11.3m | 16.9m | 3.7m | 7.6m | 9.5m | 1.5m | 3.8m | 5.5m |

PLN | FY, 2015 |
---|---|

## Debt/Equity | 0.4 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 1.9 x |