Polsat Plus Group: clean energy as energy transition play and third pillar

Polsat Plus Group strategy update

• Strategy:
• plans expansion into clean energy (sun, wind, biomass, building a complete value chain of a hydrogen-based economy, possibly small modular reactors (nuclear fission)) as pillar #3 besides connectivity (focus 5G) & content
• invest in Port Praski project in Warsaw, 38 ha, as investment opportunity
• plans clean energy investments PLN 5.5b 2022-26 (PLN 5b for 1 GW green power by 2026; PLN 0.5b for hydrogen-based economy chain)
• "Our goal is to effectively build revenue from the sale of products, services and commodities to our customers."
• cross-selling
• "Our goal is to maintain our audience share at a stable level and consistently enhance our viewer profile. (...) The second crucial element in building the segment's value is the widest possible distribution of produced and purchased TV content, both in terms of the customer groups it reaches (FTA, pay TV and online access) and the technologies they use (terrestrial, satellite, Internet, mobile)"
• Dividend policy: div pay-outs 2022-24 >= 3 PLN/share (1 PLN/annum over 2021, 2022, 2023)
• Disclosures regarding acquisition talks: talks with ZE PAK (to acquire assets used for electric energy production based on low & zero-emission technologies) and Elektrim, Embud 2, others (to acquire real estate assets)
• Preliminary agreements on acquisitions: to acquire 67% of ZE PAK for PLN 193,104,000.00 (EUR 41.7m) and 66.94% of Port Praski (Embud) for PLN 572,211,844.00 (EUR 124m) and 32% of Pantanomo (Tobe) for PLN 307,160,830.00 (EUR 66.4m)