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Investor Presentaiton

CASH FLOW STATEMENT As of 30 September 2020 (Єm) Net Rental Income Proceeds from buyers/sale of plots net of construction Operational costs Financial expenses paid Interest received Change in working capital Tax paid Net cash from operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Investment in property and development 9M 2020 2019 2018 2017 91.0 127.9 110.1 90.5 2.8 3.5 (10.2) (20.3) (16.7) 80.8 107.6 96.2 (14.5) 79.5 (22.6) (32.1) (29.7) (26.2) 0.1 0.2 (5.0) (6.2) (7.8) (3.9) 53.2 69.4 58.7 49.6 (60.7) (139.2) (219.0) (251.3) VAT/tax on purchase/sale of investment property Sale of Assets, net of loans repayment and tax Net cash flows from/(used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from long-term bank borrowings Proceeds from long-term bonds 1.4 0.9 1.3 11.0 0.5 128.3 14.9 44.9 (58.8) (10.0) (202.8) (195.4) 151.4 220.8 221.8 177.8 61.1 20.5 78.6 Loan origination costs Repayment of long-term borrowings Repayment of bonds (1.0) (2.4) (2.4) (125.4) (126.7) (104.6) (54.0) (58.5) (59.2) (57.5) (46.3) Decrease in blocked deposits (1.4) 17.9 (3.3) Loan granted to minority (AM) (0.8) (10.0) Dividend (38.0) (9.8) (8.1) Net cash from/(used in) financing activities (34.9) 54.8 75.9 144.7 Net increase (decrease) in cash and cash equivalents (40.5) 114.2 (68.2) (1.1) Beginning of Period Cash and cash equivalents Working capital End of Period Cash and cash equivalents Working capital Source: GTC 22 152.8 53.7 121.9 123.0 26.8 26.8 26.8 26.8 179.6 80.5 148.7 149.8 112.3 167.9 53.7 121.9 26.8 26.8 26.8 26.8 139.1 194.7 80.5 148.7 | FIINANCIAL HIGHLIGHTS | Due to rounding the figures in the table may not add up to totals GTC
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