Transparent, accurate and regular communication is the foundation of TAURON’s investor relations (IR) program. It is provided not only in the form of mandatory activities required by law, i.e. by disclosing information in the current and periodic regulatory filings, but it is also supplemented via many additional activities and tools addressed directly to all the stakeholders.

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High quality communication leads to a higher level of trust among the investors, financing institutions and business partners. Building relationships with the investors is based on both implementing the best practices used around the world as well as setting the highest standards on the Polish capital market.

In 2019, analysts, journalists and shareholders had access to a wide spectrum of information about the TAURON Group using various communication tools.

As part of its investor relations program the Company organized quarterly earnings conferences as well as participated in investor conferences and roadshows in Poland and abroad. During meetings with the investors the members of TAURON’s Management Board and the key managers presented the TAURON Group’s strategy, discussed the key capex projects, the financial situation as well as the current standing and outlook for the energy sector.

In connection with the publication of the periodic reports, the Company organized conferences for investors and analysts, each time attended by several dozen representatives of the capital market and media. It was also possible to participate in these events on-line in Polish and English or listen to them by phone. In addition, the possibility to follow them at a later date was provided. Thanks to this, all interested parties were guaranteed equal access to the information.

Besides meetings accompanying the publication of the periodical reports, in 2019 members of the Management Board and representatives of the Investor Relations Team took part in more than a dozen conferences and roadshows, during which several dozen meetings with managers and capital market analysts were held. The representatives of TAURON met with institutional investors not only in Poland, but also in Austria and the Czech Republic.

An initiative that was positively received by the investor community was to organize, in cooperation with the PKO BP Brokerage House, the Institutional Investor Day. As part of the event, several dozen fund managers visited the construction site of the largest investment project of the TAURON Group, i.e. a 910 MW generating unit in Jaworzno. In addition, the representatives of the management staff of the TAURON Group presented to the participants of the Institutional Investor Day selected issues related to the Generation and Distribution Segments.

In 2019, similarly as in the previous years, TAURON also participated in the events addressed to the individual investors. The Company was, inter alia, a partner of the “WallStreet” conference in Karpacz organized by the Association of Individual Investors. As part of the regular communication with this sizeable group of investors, 4 chats with the representatives of the Management Board took place in 2019, with approximately one hundred individual investors taking part each time.

In connection with the growing role of the online channels and the social media, much emphasis was placed on their development with respect to the communication with the investors. Broadcasts of events important for the investors were provided via the YouTube service: earnings conferences, General Meetings, investor days and comments of the President of the Management Board on the financial results. Announcements of significant events, in turn, were published by the Company on Facebook. TAURON also has a corporate profile on Twitter, where entries related to, among others, investor relations appear. Being aware of the fact that the website is a significant source of information for the investors, in particular, the Investor Relations tab, the Company takes care of its content and validity of the content provided there. The Investor Relations section contains a lot of useful information on the TAURON Group’s current events, financial results or strategy. It also provides presentations and video broadcasts of conferences summarizing the financial results.

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Activities with respect to investor relations are appreciated by the capital market participants and investors. In 2019, the Company received further awards for the high quality of its investor relations.

# Date Highlight (event)
1. 03.04.2019 Full-year 2018 standalone and consolidated earnings reports published
2. 04.04.2019 TAURON Management Board’s meeting with analysts and fund managers to present FY 2018 earnings, Warsaw
3. 04.04.2019 Chat for individual investors as part of cooperation with the Association of Individual Investors
4. 11.04.2019 Meetings with the fund managers, IPOPEMA, Warsaw
5. 08.05.2019 Company’s Ordinary General Meeting, Katowice
6. 27.05.2019 Q1 2019 consolidated earnings report published
7. 28.05.2019 TAURON Management Board’s meeting with analysts and fund managers to present Q1 2019 earnings, Warsaw
8. 29.05.2019 Chat for individual investors as part of cooperation with the Association of Individual Investors
9. 12.06.2019 Meeting of the Management Board with Raiffeisen Capital Management fund managers and Erste Securities analysts, Warsaw
10. 09-10.09.2019 Participation in the 16th Annual Emerging Europe Investment Conference, Pekao Investment Banking, Warsaw
11. 25-26.09.2019 Participation in the Energy, Mining and Fuels conference organized by Dom Maklerski PKO BP, Kraków

Investor Day at TAURON Polska Energia S.A., Jaworzno

12. 30.09.2019 H1 2019 consolidated earnings report published
13. 01.10.2019 TAURON Management Board’s meeting with analysts and fund managers to present H1 2019 earnings, Warsaw
14. 01.10.2019 Chat for individual investors as part of cooperation with the Association of Individual Investors
15. 08-10.10.2019 Participation in the Erste Group Investor Conference, Vienna, Austria
16. 13.11.2019 Q3 2019 consolidated earnings report published
17. 15.11.2019 TAURON Management Board’s meeting with analysts and fund managers to present Q3 2019 earnings, Warsaw
18. 15.11.2019 Chat for individual investors as part of cooperation with the Association of Individual Investors
19. 21.11.2019 Company’s Extraordinary General Meeting, Katowice
20. 15-16.11.2019 Participation in Santander’s Annual Utility / Oil & Gas / Metals & Mining Sector Conference, Warsaw
21. 04-06.12.2019 Participation in WOOD’s Winter Wonderland – Emerging Europe Conference, Prague, Czech Republic

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