Preliminary estimated consolidated financial data for Q1 2022

Report: 20/2022
Date of publication:19.05.2022 / 15:47
Pdf report

The Management Board of UNIMOT S.A. (the “Issuer”, the “Company”), with its registered office in Zawadzkie, announces that, having analysed and verified the preliminary estimated selected consolidated financial data for Q1 2022 (the “Preliminary Data”), it has decided to publish it as confidential information.

The Consolidated Preliminary Data is as follows:

Total Revenues: PLN 2,371 million,
EBITDA (i.e. earnings before interest, taxes, depreciation and amortisation): PLN 146, 8 million,
Adjusted EBITDA (i.e. EBITDA adjusted for estimated valuation of compulsory diesel reserve, justified transfers and one-time events): PLN 85.1 million.

Preliminary estimates of consolidated Adjusted EBITDA for Q1 2022. The Issuer reported in current report no. 8/2022 giving an estimate of PLN 80.0 million.

Comparable, consolidated data for Q1 2021 is as follows:

Total revenue: PLN 1,572.3 million,
EBITDA: PLN 42.6 million,
Adjusted EBITDA: PLN 28.3 million.

The consolidated adjusted EBITDA in Q1 2022 was primarily impacted by the sharp changes in fuel prices with increased demand and volumes, which in turn translated into a dynamic increase in margins on sales of fuels, bio-fuels and LPG.

The main adjustment to the EBITDA result was the realisation of gains from Tradea’s electricity market transactions concluded last year, at PLN 21.5 million, as reported by the Issuer in current report no. 5/2022. Also impacted were valuations of compulsory diesel reserves, shifts in costs and revenues related to the trading of liquid and gaseous fuels and other energy products.

The Preliminary Data presented has been prepared on the basis of preliminary financial data for Q1 2022 available to the Company’s Management Board. The estimates have been made to the best knowledge of the Management Board at the date of preparation and are subject to change. The final figures will be published in the interim report for Q1 2022 on 23 May 2022, as published in current report no. 4/2022.

Adjusted EBITDA as defined by the Issuer is Earnings Before Interest, Taxes, Depreciation and Amortisation (Earnings Before Interest, Taxes, Depreciation and Amortisation) adjusted for the impact of the valuation of inventories of liquid and gaseous fuels and other energy products, timing shifts in costs and revenues related to the trading of liquid and gaseous fuels and other energy products, and one-time events.