Accurate and transparent communication with investors is one of the TAURON Group’s priorities. We do this by performing the activities required by law (current and periodical reports) and using many additional tools directly targeting institutional and retail investors.
The Company participates in many investor conferences and roadshows organised by capital market institutions in Poland and abroad, during which the TAURON Group presents its strategy and financials and the overall energy sector’s current position and outlook.
In connection with the publication of periodical reports, the company organises conferences for analysts and managers during which Management Board members discuss its financial results and present the most important events in the reported periods.
Our conferences are broadcast via the Internet in Polish and English. You can also dial in to these conferences by phone. This shows that we afford all the investors who are interested in the TAURON Group an opportunity to follow our investor events directly and obtain information simultaneously.
In addition to our regular meetings accompanying the publication of periodical reports, in 2015 Management Board members and representatives of the Investor Relations Office, a part of the Department of Market Communication and PR, took part in twelve conferences and roadshows, during which over 150 meetings with managers and analysts were held. TAURON Group representatives met with institutional investors in Poland, the USA, the United Kingdom, Austria and the Czech Republic.
In March 2015, TAURON took first place in Poland’s biggest investor relations survey organised via the internet by the Parkiet Stock Exchange Daily and the Chamber of Brokerage Houses among companies belonging to the WIG30 index.
The Company pays special attention to the technical aspects of investor communication – we use additional communication channels such as a dedicated application for mobile devices. We broadcast important investor events on YouTube: conferences reporting financial results, General Meetings, Investor Days and our CEO’s comments on the results. We also use Facebook to place announcements on other significant events with website links to follow broadcasts and participate in investor chats.
We know that investors treat our website as a significant source of information, especially, the Investor Relations tab. We do our utmost to place accurate and up-to-date information there. The Investor Relations section contains a lot of useful information on current events, financial results and general meetings as well as presentations and video broadcasts of conferences reporting the financial results.
In September 2015, the Company organised the Institutional Investors’ Day for the third time. Tens of analysts and managers had the opportunity to meet the TAURON Group’s Management Board and middle management and visit a new biomass unit with a capacity of 50 MW at Elektrownia Jaworzno III. During this event, many presentations were delivered on the planned changes to the remuneration model for distribution system operators, distribution infrastructure maintenance strategy and impact exerted by renewable energy sources on the performance of the TAURON Dystrybucja grid.
In 2015 TAURON also participated in events targeting retail investors. It partnered with the “Capital Market Games” winter and summer sports competitions and the “Wall Street” conference in Karpacz. In 2015 the Management Board participated in 5 chats with this sizeable group of investors, with approximately 100 investors participating each time. The company enrolled in the programme run by the Retail Investor Association called “10 of 10: an investor-friendly company” and received the “Capital Market Hero” award in 2014.
In 2015 the company also received awards for its high quality of capital market communication. In March 2015, TAURON took first place in Poland’s biggest investor relations survey organised via the internet by the Parkiet Stock Exchange Daily and the Chamber of Brokerage Houses among companies belonging to the WIG30 index. In last year’s “Best Annual Report” competition organised by the Institute of Accounting and Taxes, TAURON received for the second time in a row the main prize for its 2014 report in the business category.
The table below presents the timeline of investor relations events and activities in 2015.
Timeline of investor relations events and activities in 2015
|05-06.02.2015||Roadshow organised by Societe Generale, London|
|12.03.2015||Publication of the 2014 standalone and consolidated annual report|
|12.03.2015||Meeting with analysts and fund managers to present the 2014 financial results|
|12.03.2015||Chat with retail investors|
|16.03.2015||Publication of the Management Board’s recommendation on profit distribution for 2014 and the dividend amount|
|18.03.2015||Participation in the Polish Capital Market Day, DM PKO BP and WSE, London|
|17.04.2015||Participation in Raiffeisen Institutional Investors’ Conference, Zürs, Austria|
|20.04.2015||Participation in the Energy & Mining Conference, Pekao Investment Banking, Warsaw|
|23.04.2015||Ordinary General Meeting|
|14.05.2015||Publication of the extended consolidated report for Q1 2015|
|14.05.2015||Meeting with analysts and fund managers to present Q1 2015 financial results|
|14.05.2015||Chat with retail investors|
|18.05.2015||Participation in the Polish Capital Market conference, WSE/Ipopema, New York|
|12.08.2015||Dividend payment date|
|20.08.2015||Publication of the consolidated report for H1 2015|
|20.08.2015||Meeting with analysts and fund managers to present H1 2015 financial results|
|20.08.2015||Chat with retail investors|
|09.09.2015||Meeting with analysts and fund managers to present H1 2015 financial results, DM PKO BP, Warsaw|
|14.09.2015||Energy and commodity sector conference, DM BZ WBK, Warsaw|
|15.09.2015||Annual Emerging Europe Investment Conference Pekao Investment Banking/Kepler Cheuvreux, Warsaw|
|29.09.2015||Investor Day in TAURON Polska Energia, Jaworzno|
|30.09.2015||Mining and Energy conference, DM PKO BP, Katowice|
|08.10.2015||Erste Group Investor Conference, Stegersbach (Austria)|
|09.11.2015||Extraordinary General Meeting, continued on 23 November and 8 December 2015|
|10.11.2015||Publication of the consolidated report for Q3 2015|
|11.11.2015||Meeting with analysts and fund managers to present Q3 2015 financial results|
|16.11.2015||Chat with retail investors|
|25.11.2015||Meeting with analysts and fund managers to present Q3 2015 financial results, DM mBank, Warsaw|
|04.12.2015||WOOD’s Winter in Prague Conference, WOOD & Company, Prague|
|18.12.2015||Chat with retail investors|