Integrated Report
2022

Economic performance of other segments

Table of contents

The companies comprising other segments are those that pursue very diverse lines of business. They include companies that support the core production business as well as those that are non-operational or play an important role in the pursuit of the corporate social responsibility policy.

Financial performance of other segments (before consolidation adjustments)
2022 2021 Change (%) Q4 22 Q3 22 Q2 22 Q1 22
Sales revenue 12,889 10,329 +24.8 3,304 3,061 3,469 3,055
– of which from external customers 2,766 2,468 +12.1 715  664  672  715
Net profit/loss on sales  2 (39) × (36)  33  46 (41)
Profit/loss for the period (51) (140) (63.6) (51)  28  25 (53)
Depreciation/amortisation recognised in profit or loss (273) (258) +5.8 (70) (67) (68) (68)
Adjusted EBITDA  274  346 (20.8) 32  100  115  27
1 Adjusted EBITDA = profit on sales + 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

In 2022, other segments recorded a loss on sales, prior to recognition of consolidation adjustments, in the amount of PLN 51 million, an improvement as compared to 2021 by PLN 89 million (the net loss in 2021 was PLN 140 million). The total net result is a compilation of the performance of individual KGHM Group companies, excluding transactions executed between companies belonging to the same segment.

Sales revenue generated by KGHM Group companies (excluding intersegment revenue)
Sales revenue in 2022 From external customers From KGHM Polska Miedź S.A TOTAL
Metraco S.A. 222 5,892 6,114
Mercus Logistyka Sp. z o.o. 70 1,121 1,190
PeBeKa S.A. 52 883 935
Energetyka Sp. z o.o. 128 732 860
Centrozłom Wrocław S.A. 812 2 814
KGHM ZANAM S.A. 63 683 746
NITROERG S.A. 319 216 535
WPEC S.A. in Legnica 251 7 258
Miedziowe Centrum Zdrowia S.A. 225 31 256
POL-MIEDŹ TRANS Sp. z o.o. 51 173 224
Other 573 383 956
TOTAL 2,766 10,123 12,889

Metraco S.A. is the largest buyer of copper scrap in Poland and Central and Eastern Europe, specialising in providing comprehensive services to KGHM Polska Miedź S.A. in supplying scrap metal used by metallurgical plants for production.

Mercus Logistyka Sp. z o.o. acts as a logistics operator for KGHM Polska Miedź S.A., supplying the necessary materials and goods.

PeBeKa S.A. executes construction projects for KGHM Polska Miedź S.A., specializing in mining, drilling, tunnelling and infrastructural projects.

Energetyka Sp. z o.o. is involved in supplying petroleum fuels to KGHM Polska Miedź S.A. and in the production, transmission and distribution of heat.

Centrozłom Wrocław S.A. is not involved in any operations directly supporting KGHM Polska Miedź S.A. Its lines of business include the purchase, processing and sale of steel, iron and non-ferrous metal scrap (copper, bronze, brass, aluminium and zinc).

The best net sales performance was generated by:
36
mn PLN
KGHM ZANAM S.A.
31
mn PLN
KGHM Metraco S.A.
21
mn PLN
PeBeKa S.A.
16
mn PLN
NITROERG S.A.
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