Investor relations

Bonds issued Key financial data

Transparent, accurate and regular communications 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 (current reports), but it is also supplemented via many additional activities and tools addressed directly to all of the stakeholders.

As a consequence, high quality communications lead 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 2020, analysts, journalists and shareholders had access to a wide spectrum of information about TAURON Capital Group, using various communication tools. Due to the epidemic related restrictions, the meetings with the journalists, investors and analysts were held online.

In connection with the publication of the periodic reports, the Company organized earnings conferences for investors and analysts, each time attended by several dozen representatives of the capital markets and media. Such events were simultaneously interpreted into English. It was also possible to follow (replay) them at a later date. As a result, all interested parties were guaranteed equal access to the information. 

Furthermore, the Company organized 4 chats with the representatives of the Management Board, dedicated to the individual investors.

Apart from the meetings accompanying the publication of the periodic reports, the Members of the Management Board and the representatives of the Investor Relations Team took part in more than a dozen conferences in 2020, during which several dozen meetings with investment fund managers and capital market analysts were held. During the meetings with the investors, the Members of TAURON’s Management Board and the key managers were presenting TAURON Capital Group’s strategy, discussing the key CAPEX projects, the financial situation as well as the current standing and the outlook for the energy sector.

In 2020, similar as in the previous years, TAURON also participated in the events addressed to the individual investors. The Company was, inter alia, a strategic partner of the “WallStreet” conference organized by the Individual Investors Association (Stowarzyszenie Inwestorów Indywidualnych).

In connection with the growing importance of the online channels and the social media, the Company is placing a lot of weight on their development with respect to the communications with the investors. Broadcasts of events important for the investors were provided via the YouTube service, for example, earnings conferences or the GMs. TAURON also has a corporate profile on Twitter where entries related to, among others, the investor relations are posted. 

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 cares of its content and validity of the content provided therein. The Investor Relations section contains a lot of useful information on the current events, financial results or TAURON Capital Group’s strategy. It also provides presentations and video broadcasts of the conferences summarizing the financial results.

The activities with respect to investor relations are regularly appreciated by the capital market participants and investors.

Timeline of the investor relations highlights and activities that took place in 2020

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Date Highlight (event)
1.04.2020 Full year 2019 standalone and consolidated earnings reports published.
2.04.2020 Meeting with analysts and fund managers to present FY 2019 earnings.
2.04.2020 Chat for individual investors as part of cooperation with the Individual Investors Association.
13.05.2020 Q1 2020 consolidated earnings report published.
14.05.2020 Meeting with analysts and fund managers to present Q1 2020 earnings.
14.05.2020 Chat for individual investors as part of cooperation with the Individual Investors Association.
15.07.2020 Company’s Ordinary General Meeting.
19.08.2020 H1 2020 consolidated earnings report published.
20.08.2020 Meeting with analysts and fund managers to present H1 2020 earnings.
20.08.2020 Chat for individual investors as part of cooperation with the Individual Investors Association.
7.09.2020 Participation in the 17th Annual Emerging Europe Investment Conference, Pekao Investment Banking.
30.09.2020 Participation in the conference Metals & Energy, PKO BP Securities
7.10.2020 Participation in the conference The Finest CEElection 2020, Erste Group.
8-9.10.2020 Roadshow related to the bonds.
18.11.2020 Q3 2020 consolidated earnings report published.
19.11.2020 Meeting with analysts and fund managers to present Q3 2020 earnings.
19.11.2020 Chat for individual investors as part of cooperation with the Individual Investors Association.
3.12.2020 Participation in the WOOD’s Winter Wonderland – Emerging Europe Conference, WOOD&Company.