Investor Presentaiton
2022 completed in line with expectations. Allegro switching policy to provide
quarterly outlook
Polish Operations
Mall Segment³
Group Consolidated
2022
Q2-Q4
2022E
Actual
Q1'23E
2022E
Q2-Q4 2022
Actual
2022
Q1'23E
2022E
Actual
Q1'23E
GMV
15-17%
YoY growth
15.9%
13-14%
Low single-
-2.5%
1-2% YoY
YoY growth
digit % YoY
decline
pro-forma
22-24%
YoY growth
23.2%
20-21%
YoY growth
decline4
Revenue
23-26%
YoY growth
24.1%
20-22%
YoY growth
Low single-
digit % YoY
decline
-5.5%
2-4% YoY
pro-forma
67-71%
YoY growth
68.2%
64-66%
YoY growth
decline4
Adjusted
EBITDA1
10-12%
YoY growth
11.6%
20-23%
YoY growth
PLN
120-160m
PLN 157m
loss
PLN 75-80m
loss5
2-6%
YoY growth
4.3%
3-6%
YoY growth
loss
CAPEX²
PLN
650-700m
PLN
662m
PLN
100-110m
PLN
70-100m
PLN 60m
PLN 20-30m5
PLN
720-800m
PLN
722m
PLN
120-140m
1. Adjusted EBITDA defined as EBITDA pre transaction costs, management fees (monitoring fees), stock-based compensation, restructuring costs, and other one-off items
2. Represents cash capex and does not include leased assets (which are presented in balance sheet)
3. GMV and revenue YoY change expectations and actuals for the Mall Segment are calculated on a pro-forma basis
4. Including positive impact from PLN/CZK FX rate changes
5. Including approximately PLN16m start-up losses and PLN10m of capitalized development expenses related to 3P marketplace launch preparation in Czechia
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