„DINO POLSKA” S.A. – publikacja prospektu i rozpoczęcie oferty publicznej

IMPORTANT INFORMATION

Prior to obtaining access to the information placed on this website, please read carefully the following important information regarding the terms of access to this website and of the use of the information contained herein. Please note that the important information presented below may be changed or updated. Consequently, it should be read and analysed in whole whenever this website is accessed in the future. THE MATERIAL CONTAINED ON THIS WEBSITE IS NOT INTENDED FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE TERRITORY OF THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LAWS OR WOULD REQUIRE REGISTRATION. The materials to which you will gain access relate to or are connected with (i) an initial public offering in the territory of Poland of up to 48,040,000 ordinary shares (the “Sale Shares”) in Dino Polska S.A with its registered office in Krotoszyn (the “Company”), with a nominal value of PLN 0.10 each (the “Offering”), conducted by Polish Sigma Group S.à r.l. (the “Selling Shareholder”), and (ii) with the seeking of the admission and introduction of 98,040,000 ordinary shares with a nominal value of PLN 0.10 each (the “Shares”), including the Sale Shares, to trading on the regulated market of the Warsaw Stock Exchange (the “Admission”). On 17 March 2017, the Financial Supervision Authority approved the prospectus (the “Prospectus”) prepared in connection with the Offering and the Admission. The Prospectus (in Polish), together with any supplements and update communications thereto, and with the announcement of the final number and price of the Sale Shares offered in the Offering (upon its drafting and publication), will be posted on, and will, during its validity period, continue to be available in an electronic form on the Company’s website (www.grupadino.pl) and at the website of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie (www.dm.pkobp.pl) – solely for information purposes. The Prospectus is the sole legally binding offering document which contains, for the purposes of the Offering and the Admission, information about the Company, the Shares (including the Sale Shares) and the Offering. Materials posted on this website include the Prospectus with any supplements and update communications thereto, if any, the announcement of the final number and price of the Sale Shares offered in the Offering (upon its drafting and publication) and information which is either of promotional nature for the purposes of the Offering and the Admission or constitutes information disclosed by the Company to the public in the performance of the Company’s disclosure obligations under the applicable laws and regulations. These materials do not constitute an offer for the sale of securities in the United States, Canada, Japan, Australia, or any other jurisdiction where such offer for sale would constitute a violation of the applicable laws or would require registration. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933 (the “U.S. Securities Act”). Securities of the Company have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. 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Dino accelerates the pace of new store openings in Q2 2017

Dino Polska S.A., one of the fastest growing proximity supermarket networks in Poland opened 38 new stores in Q2 2017 compared to 28 stores last year. Therefore, at the end of June 2017, its network consists of 677 stores with a total selling area of 257.1 thousand square meters. Its network expanded by a total of 49 stores in H1 2017 compared to 46 last year. H1 2017 marked the ongoing enlargement of the Company’s volume of business supported by the robust market context, Poles’ rising income and the resurgence of inflation. According to its strategy, the Management Board of Dino Polska S.A. intends to have more than 1200 stores by the end of 2020.

In 2017 the Management Board of Dino Polska S.A. anticipates that the retail food trade will continue to grow, in the proximity supermarket segment, too, and that the positive market trends observed in 2016 will persist.

“H1 2017 was a good period for the overall market in the retail food trade and for the proximity segment in which Dino operates. We are steadily growing sales in our new and existing stores, continuing the trends observed in 2016. We have secured a pipeline of over 400 sites to build new stores and reach our target of having more than 1200 stores by the end of 2020. We would like to ramp up the number of new store openings this year, just as we have done in previous years. We usually open more stores in the second half of the year. Therefore, we will accelerate the pace of new store openings in the upcoming months.

We are constantly expanding our product range to include new and interesting branded products and we unwaveringly attach great attention to our fresh product offering that accounts for roughly 37% of our sales. We have observed robust sales in our new and existing stores. The overall market context supports further improvement in consumer sentiment. Consumer spending is climbing in conjunction with the resurgence of inflation. Poles’ rising income lends a helping hand to consumer spending. It is primarily driven by the favorable circumstances on the labor market, the 500+ program and the minimum wage hike implemented in January 2017. The upswing in disposable income translates into more frequent and more extensive shopping. The growth rate of consumer prices visible since the end of 2016 has also contributed to higher top line revenues measured by like for like sales.

The positive market trends observed in H1 2017 portend well for the upcoming months of 2017. We expect that they will act as a boon to the ongoing rapid growth of proximity supermarkets like Dino where customers shop several times a week. According to market forecasts, the proximity segment may be the fastest growing segment of the retail food trade in Poland measured using the cumulative average growth rate in the number of stores up to 2020”, says Szymon Piduch, CEO of Dino Polska S.A.

More information regarding Dino Polska S.A.:

Dino is a nationwide network of medium-sized supermarkets located in close proximity to where customers live. Its grocery stores are open every day (except for non-trade Sundays) from 6:00 a.m. to 11:00 p.m.¹. The Dino network is one of the fastest growing retail grocery trade networks in Poland. At the end of September 2020 it consisted of 1,371 stores across Poland.

The Dino Group’s business model blends the advantages offered by the format of conveniently-located mid-sized supermarkets with the capability of rapidly opening new stores and offering an attractive assortment primarily entailing attractively-priced branded and fresh products.

Dino stores offer customers approximately 5 thousand stock keeping units (SKUs). Most of the SKUs are either fresh products or branded products, including a full range of groceries, household chemicals and cosmetics as well as small household articles and appliances. Every Dino store has a staffed meat counter, with the Agro-Rydzyna meat processing plant supplying high quality meat and cold cuts.

The Dino Group’s logistics network consists of five distribution centers located in Krotoszyn, Jastrowie, Wolbórz, Rzeszotary and Łobez. Its geographic range makes it possible to deliver fresh products to all of the stores in Dino’s network every day of the week.

At the end of September 2020 the Dino Group had 24.1 thousand employees.

The Company has been listed on the main floor of the Warsaw Stock Exchange since April 2017. Dino Polska S.A. is majority-owned by Polish capital.

^{1 Some stores are open for less than the standard working hours in connection with aligning their operation to local regulations.}