5-year summary

Financials

Description20182017201620152014
Sales (mn PLN) 20,526 20,358 19,156 20,008 20,492
Adjusted EBITDA (mn PLN)* 4,971 5,753 4,666 4,710 4,890
Net profit (mn PLN) 1,658 1,525 -4,449 -5,009 2,451
Total assets (mn PLN) 37,237 34,122 33,442 36,764 40,374
Equity (mn PLN) 19,225 17,785 15,911 20,414 25,530
Liabilities and provisions (mn PLN) 18,012 16,337 17,531 16,350 14,844
Cash expenditures on property, plant and equipment and intangible assets
- KGHM Polska Miedź (mn PLN)
1,907 1,991 2,604 2,481 2,203
Equity investments - KGHM Polska Miedź (mn PLN)** 697 490 842 76 27
Concentrate production cost – C1 (USD/lb) 1.81 1.59 1.41 1.59 1.89
Concentrate production cost – C1 (USD/lb) - KGHM Polska Miedź 1.85 1.52 1.30 1.47 1.82

* since 2014 adjusted EBITDA = EBIT + depreciation/amortisation (recognised in profit or loss) + impairment loss (-reversal of impairment losses) on non-current assets (recognised in cost of sales, selling costs and administrative expenses) – together with Sierra Gorda S.C.M.; for 2013 EBITDA = operating profit + depreciation/amortisation
** from 2016 acquisition of shares and investment certificates of subsidiaries and loans granted and acquisition of available-for-sale financial assets; for the years 2012-2015 purchase/acquisition of shares and investment certificates

KGHM 5-year summary

Ratios

Description20182017201620152014
Earnings per share (EPS, PLN) 10.13 6.62 -20.42 -13.94 12.07
Dividend per share (DPS, PLN)* TBA  - 1.00 1.50 4.00
Price per share/ Earnings per share (P/E, x) 8.8 16.80 - - 9.0
Return on assets (ROA, %) 5.9 4.3 -13.6 -8.40 7.5
Return on equity (ROE, %) 10.6 7.7 -25.7 -13.7 9.9
Net debt/EBITDA (x) 1.6 1.3 1.6 1.4 0.9

* dividend for the financial year

KGHM Ratios

Production

Description20182017201620152014
Payable copper production (kt) * 634 656 677 718 663
Electrolytic copper production - KGHM Polska Miedź (kt) 502 522 536 574 577
Metallic silver production - KGHM Polska Miedź (kt) 1 189 1,218 1,191 1,283 1,256

* Includes the 55% interest held in Sierra Gorda S.C.M.