Integrated Report
2022

Investor relations

Table of contents

The Investor Relations team, on behalf of the Management Board of KGHM Polska Miedź S.A., maintains an open dialogue with capital market participants pursuant to its policy of ensuring a transparent company and adherence to Warsaw Stock Exchange Best Practices.

The Company fulfils its disclosure obligations by publishing regulatory filings and periodic reports via the official reporting system (ESPI). 2022 was another year of intense activities by KGHM Polska Miedź S.A. in terms of communicating with investors.

Key actions taken by the Company were as follows:

The Company actively meets with investors and analysts in Poland and abroad during conferences organised by brokers. In 2022, the Company took part in more than a dozen investor conferences and in about 100 meetings with portfolio managers and analysts representing investment and pension funds as well as other asset management firms.

The Investor Relations Department organises meetings with the Management Board to discuss the financial results of the Company and Group. In 2022, the publication of financial results was accompanied by results conferences open to all stakeholders via webcasts in Polish and English, with the possibility of submitting questions by email. Video recordings of these conferences are available on the Company’s website in the section Investors.

The Company regularly organises events for the capital market. This type of meeting is aimed at familiarising investors with the degree of advancement of the development strategy as well as with the current operating and financial situation of the Group and its individual assets. In September 2022, following a break caused by the pandemic, the Investor Relations Department, in cooperation with the Individual Investors Association (Stowarzyszenie Inwestorów Indywidualnych), organised an Individual Investors Day in the Company. The invited guests visited the mines, the Precious metals Plant at the Głogów Copper Smelter and Refinery, and also the Tailings Division with its new Southern Quarter. This was followed by presentations by senior management and a joint panel discussion at the Head Office of KGHM Polska Miedź S.A., where subjects involving finances, strategy, production and the macroeconomic situation were discussed.

In 2022, KGHM Polska Miedź S.A. once again actively participated in the WallStreet conference and was a Main Partner of the 26th edition of the conference. During the conference, representatives of KGHM took part in a panel discussion, gave a lecture and granted an interview to the quarterly „Akcjonariusz” (“Shareholder”). On the conference website, throughout the event, KGHM’s virtual stand was available.

Representatives of the Company are available to individual investors during on-line chats. These are organised on a regular basis following the publication of the Company’s results.

In 2022, four investor chats were held.

The initiative related to publication of the IR Newsletter for Investors was continued, which summarises the most important quarterly events and is distributed to subscribers via email. The goal of the IR Newsletter is to assure its recipients with an accurate source of knowledge about KGHM and the global copper market and to facilitate analysis and assessment of the possibilities associated with investing in the Company’s shares.

A KGHM Investor Relations profile was created on the social media platform LinkedIn, which is dedicated to investors and analysts. This is a place where we share news which might be of interest to capital market participants.

Information for investors and analysts on important events for the Company and Group. The IR Release is a cyclical announcement published after the disclosure of the quarterly results and distributed by email, and is also available to all stakeholders on the Company’s corporate website.

In 2022, analytical reports on KGHM Polska Miedź S.A. were published by nine sell-side analysts based in Poland and eight based abroad.
List of brokerage houses preparing analytical reports on KGHM Polska Miedź S.A.
Poland
Biuro Maklerskie mBanku Dom Maklerski BOŚ Santander Biuro Maklerskie
Dom Maklerski Banku Handlowego Erste Group IPOPEMA Securities
Biuro Maklerskie PKO BP Trigon Dom Maklerski Biuro Maklerskie Pekao
Abroad
Bank of America Merrill Lynch Global Mining Research Goldman Sachs
Morgan Stanley UBS WOOD & Company
JP Morgan EVA Dimensions
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