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August 14, 2020 / 07:38

33/2020 Initial consolidated operating results of the Agora Group for the 2Q and the 1H2020

Regulatory filing

Management Board of Agora S.A. ("the Company", "Agora") announces the preliminary consolidated operating results of the Agora Group for:

2Q2020:

Initial consolidated revenues: PLN 129.5 million
Initial consolidated operating loss at the EBIT level: PLN 53.4 million
Initial consolidated operating loss at the EBIT level, excluding one-off events: PLN 48.5 million
Initial consolidated loss at the EBITDA level: PLN 4.4 million
Initial consolidated net loss: PLN 41.1 million
Initial consolidated operating loss at the EBIT level without the impact of IFRS 16: PLN 44.8 million
Initial consolidated loss at the EBITDA level without the impact of IFRS 16: PLN 13.4 million
Preliminary consolidated net loss without the impact of IFRS 16: PLN 38.1 million

1H2020:

Initial consolidated revenues: PLN 419.1 million
Initial consolidated operating loss at the EBIT level: PLN 72.9 million
Initial consolidated operating loss at the EBIT level, excluding one-off events: PLN 53.3 million
Initial consolidated profit at the EBITDA level: PLN 40.2 million
Initial consolidated net loss: PLN 88.2 million
Initial consolidated operating loss at the EBIT level without the impact of IFRS 16: PLN 63.2 million
Initial consolidated profit at the EBITDA level without the impact of IFRS 16: PLN 13.8 million
Preliminary consolidated net loss without the impact of IFRS 16: PLN 58.6 million

At the same time, the Company informs that:

- the outbreak of the COVID-19 pandemic and the restrictions introduced to prevent its further spread had a huge impact on the level of the Group's revenues and its financial results. They had a significant impact on the level of all categories of the Group's revenues. Their most significant impact was visible in revenues from cinema operations, from the sale of advertising services, as well as revenues from food service activities and the sale of publications.

- one-off events include:

profit from the sale of real estate - server room building and land at Daniszewska Street in Warsaw (PLN 0.4 million in the 2Q2020, PLN 7.1 million in the 1H2020),
impairment losses on non-current assets in the amount of PLN 7.5 million in the 2Q2020 and PLN 28.9 million in the 1H2020, including mainly the costs of write-off of assets of Plan D Sp. z o.o. (earlier Domiporta Sp. z o.o.) and Foodio Concepts Sp. z o.o. in the 1Q2020 and the value of fixed assets in AMS in the amount of PLN 6.7 million in the 2Q2020,
restructuring costs in the 2Q2020 in the amount of PLN 1.4 million, including group layoffs at Plan D Sp. z o.o. (earlier Domiporta Sp. z o.o.) and the voluntary redundancy program at Goldenline,
profit on the sale of Plan D Sp. z o.o. (earlier Domiporta Sp. z o.o.) enterprise in the amount of PLN 3.6 million in the 2Q 2020

The presented values are preliminary and are subject to change. Their final values will be published in the periodic report for the 1H2020 on 25 September 2020.

Legal basis: art. 17 clause 1 of Regulation (EC) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Regulation on market abuse) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal EC L 173 of 12/06/2014).

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33/2020 Initial consolidated operating results of the Agora Group for the 2Q and the 1H2020

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