Dino

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. Neither the Prospectus nor the securities of the Company covered thereby have been or will be registered, approved or notified in any country other than the Republic of Poland, specifically in accordance with the laws enacted based on Directive 2003/71/EC of the European Parliament and of the Council, as amended, and they cannot be offered or sold outside the territory of the Republic of Poland (including within the territory of other countries of the European Union or the United States of America, Canada, Japan or Australia) unless in any relevant state such offer or sale could be effected in compliance with the law without the need for the Company, the Selling Shareholder or their respective advisors for the purpose of the Offering to comply with any additional legal requirements. Any investor residing in or having its registered office outside the Republic of Poland should review the relevant regulations of Polish law as well as the regulations of other countries which may apply thereto in connection with the participation in the Offering. WE HEREBY INFORM YOU THAT THE MATERIALS AND INFORMATION TO WHICH YOU WILL BE GRANTED ACCESS AND THE USE OF SUCH MATERIALS AND INFORMATION: (I) ARE SUBJECT TO THE ABOVE RESTRICTIONS; (II) ARE DIRECTED TO PERSONS RESIDING IN AND ACCESSING THIS WEBSITE FROM THE TERRITORY OF THE REPUBLIC OF POLAND; (III) ARE NOT DIRECTED TO U.S. PERSONS OR PERSONS ACTING FOR THE ACCOUNT OF, OR ON BEHALF OF, A U.S. PERSON (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT); (IV) ARE NOT DIRECTED  TO PERSONS RESIDENT OR WITH A  REIGSTERED OFFICE IN CANADA, JAPAN OR AUSTRALIA, OR IN ANY OTHER JURISDICTION WHERE ACCESSING THE MATERIALS AND INFORMATION CONTAINED ON THIS WEBSITE WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LOCAL LAWS OR WOULD REQUIRE REGISTRATION OR OBTAINING A PERMIT. Please note that reviewing and accessing these materials in violation of the above may constitute a violation of securities laws, in particular in Poland and the United States.

Dino Polska recaps business performance in the first three quarters of 2024

In Q1-Q3 2024 the Dino Group’s revenue totaled PLN 21.5 billion and was 13.5% higher than in Q1-Q3 2023. At the end of September 2024, the network consisted of 2,572 stores, 232 more than one year ago. The capital expenditures earmarked for the firm’s development totaled PLN 1.13 billion. The Dino Group’s headcount climbed to 47.1 thousand employees.

In Q3 the Dino network opened 69 new stores, and year-to-date it has added 167 new stores. At the end of September 2024, there were 2,572 stores bearing Dino’s distinctive red logo in Poland. Thanks to their uniform format and convenient location they make it easier for consumers doing their daily shopping for groceries and other staples.

At the end of September 2024, the total selling area in Dino stores was 1,014.7 thousand square meters, up 10.1% from one year ago. Dino Polska’s capital expenditures are related mostly to the development of the network, its logistics base and production capacity of the Agro-Rydzyna meat plant. They totaled PLN 434 million in Q3 2024 and PLN 1.13 billion year-to-date and are up 34% over last year. The Dino Group’s cumulative capex spend over the last five years has amounted to nearly PLN 6.3 billion.

Revenue over Q1-Q3 2024 totaled PLN 21.5 billion and was up 13.5% from one year ago. 39.7% of revenue came from the sales of fresh products, especially fruit and vegetables, bread and the fresh meat produced by the Agro-Rydzyna meat processing plant. Fresh products are delivered to the Dino stores every morning.

The like-for-like (LfL) sales growth rate in stores in existence for at least one year was 4.9% in Q1-Q3 2024. Dino’s revenue in Q3 2024 totaled PLN 7.6 billion and is up 10.6% over Q3 2023. During this period LFL sales increased by 2.3%.

“Every day we focus on ensuring that the offering in Dino stores satisfies consumer needs in a convenient and comprehensive manner. At the same time, we attach a lot of attention to offering products at attractive prices. The outcome of these efforts is robust sales growth and a higher number of customer visits. This motivates us to continue the network’s rapid development”, says Michał Krauze, Management Board of Dino Polska.

PV installations to provide our company with clean electricity have been a regular part of the equipment installed in newly-opened Dino stores. At the end of Q3 2024, 2,386 stores, representing 93% of Dino’s overall network had been outfitted with PV installations. Our own installations using renewable energy sources operate in three of the Group’s distribution centers. The total capacity of the RES installations owned by the Dino Group is 95.2 MW. Year-to-date Dino Polska has generated 78 GWh of solar power, some 30% more than in the corresponding period of 2023.