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. 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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 S.A. in Q1 2021: network expansion attracts customers to Dino stores and opens up new opportunities for regional food producers

At the end of March 2021 the Dino network numbered 1,532 stores, up 298 versus March 2020. 59 new stores were opened in Q1 2021. Improved profitability is accompanying Dino Polska’s growing scale of business. The EBITDA margin in Q1 2021 was 8.8%, i.e. 0.2 percentage points above the corresponding period of 2020.

Dino Polska continues to pursue rapid network expansion by opening new stores and looking for new sites to continue its expansion. At the end of Q1 2021 the Company had a total of 1,532 stores across Poland, signifying 24.1% growth on a year to year basis. The Dino store network has nearly doubled in size over the last three years.

Our dynamic rollout is our response to consumers’ evolving needs as they want to do their daily grocery shopping close to home. On top of conveniently located stores we offer them constant access to fresh products at very attractive prices, which we deliver to our stores every morning”, says Izabela Biadała, Dino Polska Management Board Member.

In parallel with its store network rollout the Company is continuing to make environmentally-friendly investments. It is standard practice for new stores to be outfitted with PV panels enabling them to take advantage of electricity from renewable sources. Similar solutions, though to a significantly greater extent will also be used on the Company’s distribution centers, also on the rooftops of two new distribution centers that will be opened this year and that will support the further geographic expansion of Dino Polska S.A.

The construction of the distribution center in Sieroniowice in southern Poland was recently completed. It is slated to be opened in May of this year. The construction of the second distribution center in Sierpc in central Poland is drawing to a conclusion and it will be opened in the latter half of the year. Ultimately, roughly 500 people will be employed at each one of these distribution centers, with approximately 180 people being employed to do transport-related work. These two distribution centers will jointly serve another 700-800 Dino stores. 

“We have ambitious plans when it comes to our network’s further development. In 2020 we opened a record-breaking number of 255 stores. This year we intend to increase that number significantly. That way we will not only be closer to our customers but we will also become a more attractive partner for smaller, regional food producers on account of our growing business size in various regions around the country. Closely cooperating with them has always been the foundation for building the product offering in Dino stores. This year, in connection with the opening of two distribution centers, we will be able to offer these producers many new growth opportunities”, says Michał Krauze, Management Board Member of Dino Polska S.A.

Its rapid business development calls for Dino Polska to incur significant capital expenditures. In Q1 2021 they hit record-breaking levels in the Company’s history coming in at PLN 367 million. This has made it possible to create another 1,125 new jobs, with the Dino Group’s overall headcount at the end of March 2021 climbing to nearly 27 thousand people.

We are pleased that we have been able to execute our strategy consistently. New Dino store openings generate extensive interest, which we treat as trust in our brand. The rapidly growing like-for-like sales ratio in our current stores also speaks to this trust. In the first three months of this year it was 7%”, adds Michał Krauze, Management Board Member of Dino Polska S.A.

LFL sales growth combined with the increasing number of Dino stores contributed to Dino Polska growing its total revenue in Q1 2021 by 24.3% y/y to PLN 2.76 billion. Our EBITDA result increased 27.7% to PLN 243 million.