14/11/2022 - Marfin Investment Group SA Holdings: MARFIN I.G : Key financial figures 3Q 2022

ANNOUNCEMENT

Key financial figures 3Q 2022

MARFIN INVESTMENT GROUP HOLDINGS S.A. ("MIG"), following a letter from the Hellenic Capital Market Commission with Protocol Number 2707/09.11.2022 addressed to all issuers with securities listed on the regulated market of the Athens Exchange, here by announces its key financial figures for the 3rd quarter of 2022, and developments concerning its activity:

• Consolidated sales of the Group amounted to Euro 221.9 million during the third quarter of 2022 and Euro 426.9 million for the period 01.01.2022‐30.09.2022 against Euro 150.4 million and Euro 280.1 million during the respective periods of 2021, i.e. they increased by 48% and 52% respectively.
• Consolidated Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to Euro 61.8 million in the third quarter of 2022 and Euro 52.3 million for the period 01.01.2022‐ 30.09.2022 against Euro 46.8 million and Euro 39.7 million during the respective periods of 2021, i.e. they increased by 32% and 32% respectively.
• Consolidated Earnings before Interest and Taxes (EBIT) amounted to Euro 48.4 million during the third quarter of 2022 and Euro 13.6 million for the period 01.01.2022‐30.09.2022 against Euro 32.8 million and Euro 0.6 million during the respective periods of 2021.
• Consolidated profit after taxes and minority interests amounted to Euro 41.3 million during the third quarter of 2022 and Euro 11.6 million for the period 01.01.2022‐30.09.2022 against Euro 20.3 million and Euro 12.7 million during the respective periods of 2021.

Summary of key financials(1)

	GROUP			01.01‐			01.01‐			01.07‐			01.07‐
	(consolidated in € m)			30.09.2022			30.09.2021			30.09.2022			30.09.2021
	Sales	426.9		280.1		221.9		150.4
	EBITDA	52.3		39.7		61.8		46.8
	EBIT	13.6		0.6		48.4		32.8
	Profit after tax attributable to owners of the	11.6		12.7		41.3		20.3
	parent
	Profit/(Loss) after tax attributable to non‐	6.1			‐0.3	12.5		6.7
	controlling interests
	(1) The above mentioned financial figures are unaudited

Key figures of financial position(2)

	GROUP			30/09/2022			31/12/2021
	(consolidated in € m)
	Total assets	1,287.1		1,222.6
	Long‐term borrowings	967.3		761.0
	Short‐term borrowings	39.1		195.8
	Other liabilities	157.5		158.2
	Total Equity(1)	123.2		107.6

(1) As of 30.09.2022 an amount of Euro 39.6 million of Total Equity corresponds to Owners of the Parent and Euro 83.6 million to Non‐controlling Interests. Respectively, as of 31.12.2021 an amount of Euro 46.0 million corresponds to Owners of the Parent and Euro 61.6 million to Non‐Controlling Interests.

(2) The above mentioned financial figures are unaudited

ATTICA group

Consolidated sales amounted to Euro 220.2 million during the third quarter of 2022 and Euro 421.6 million for the period 01.01.2022‐30.09.2022 against Euro 148.3 million and Euro 270.5 million during the respective periods of the year 2021, i.e. they increased by 48% and 56% respectively. Consolidated Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to Euro 62.3 million during the third quarter of 2022 and Euro 52.7 million for the period 01.01.2022‐30.09.2022 against Euro 47.1 million and Euro 42.7 million during the respective periods of the year 2021, i.e. they increased by 32% and 23% respectively. Consolidated Earnings before Interest and Taxes (EBIT) amounted to Euro 49.1 million in the third quarter of 2022 and Euro 14.6 million for the period 01.01.2022‐30.09.2022 against Euro 33.3 million and Euro 4.3 million during the respective periods of 2021, i.e. they increased by 47% and 239% respectively. Consolidated profit after taxes amounted to Euro 60.7 million during the third quarter of 2022 and Euro 30.2 million for the period 01.01.2022‐30.09.2022 against profit of Euro 32.7 million and loss of Euro 1.3 million during the respective periods of 2021.

For the forthcoming months of 2022, which constitute months of low traffic, ATTICA group's traffic volume is expected to return to the pre‐COVID levels. ATTICA group holds adequate liquidity with its cash and cash equivalents standing at Euro 75.7 million on 30.09.2022 compared to Euro 97.4 million as at 31.12.2021.

In October 2022, ATTICA group announced the conclusion of bilateral credit facilities with three Greek credit institutions for a total amount of Euro 210 million and tenors from five to seven years, successfully concluding the long‐term refinancing of all Group's credit facilities maturing in 2022‐ 2023. The above agreements result in the reduction of the average interest rate margin of ATTICA group.

Further to the execution of the agreement on 23.09.2022 between ATTICA HOLDINGS S.A. (hereinafter ATTICA) and the largest shareholders and creditors of ANEK S.A. (hereinafter ANEK) concerning the merger through absorption of ANEK by ATTICA, the Board of Directors of ATTICA during its meeting on 26.09.2022 decided the commencement of the process of merger through absorption of ANEK by ATTICA. The 31st of December 2021 was set as transformation date.

RKB

Sales amounted to Euro 1.7 million during the third quarter of 2022 and Euro 5.2 million for the period 01.01.2022‐30.09.2022 against Euro 1.7 million and Euro 5.0 million during corresponding periods of the year 2021, i.e. they increased by 1% and 6% respectively. Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to Euro 0.3 million during the third quarter of 2022 against Euro 0.6 million for the comparative period of 2021, while for the period 01.01.2022‐ 30.09.2022 amounted to Euro 2.1 million against Euro 1.4 million for the comparative period of 2021 reporting a significant increase of 51%.

Company's cash and cash equivalents improved significantly and amounted to Euro 4.9 million on 30.09.2022 compared to Euro 2.8 million on 31.12.2021. Loan liabilities decreased to Euro 91.5 million compared to Euro 99.2 million on 31.12.2021.