Presentation of financial data for Q1 2011

1. ES-SYSTEMLIGHT IMPRESSIONS
Presentation of the results for Q1 of the year 2011
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2. ES-SYSTEM Capital Group – financial data, status on March 31, 2011
NET REVENUES from sales PLN 33 776 k – increase by 14.22% yoy
NET PROFIT PLN 1 079 k – increase by 968.32% yoy
EBIT PLN 1 394 k – increase by 300.57% yoy
Return on operational activities 4.13% in comparison with 1.18% in the same period
of the previous year
ES-SYSTEMLIGHT IMPRESSIONS
of the previous year
Return on net sale 3.19% in comparison with 0.34% in the same period of the
previous year
Status of CASH at the end of the period PLN 16 022 k
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3. Evaluation of the market situation in Q1 of the year 2011
ES-SYSTEMLIGHT IMPRESSIONS
Increase of the construction-assembly production in Q1 by 18.8% yoy – the highest dynamic since
spring 2007
Increase of completed projects volume
Economic boom influenced the condition of the electro-technical sector including the lighting sector:
First symptoms of this effect could be observed at the end of 2010 when increase in sale of cables
and wires (20-30%) was recorded, which was a prognostic of sale for other electro-technical
equipment including lighting.
This tendency was sustained throught the whole Q1 of 2011 which is a good forecast for further
improvement of an economic trend in the lighting sector.
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4. ES-SYSTEM Capital Group – revenues from sales
33 962
29 57129 571
33 726
10 000
20 000
30 000
40 000
50 000
-
12.93
%
+
14.22
%
ES-SYSTEMLIGHT IMPRESSIONS
0
I Q 09/10 I Q 10/11
Sustaining tendency of Q4 2010 in the economic activity of constructions, which translates directly into the
condition of the electro-technical sector, including lighting:
Sale at the level of Q1 2009
Domestic sale increases by 7.31% yoy
Export sale increases by 46.52% yoy
Optimization of sales actions, activities within segments less affected by the crisis
Increase in sales of street and park lighting by 40% on the domestic market
Slow revival in an area of office buildings and shopping centers investments
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5. ES-SYSTEM – export sale
ES-SYSTEMLIGHT IMPRESSIONS
Increase of export sale share in the Group’s sale – 22.6% share in Q1 2011 in comparison with
17.6% in Q1 2010
Economic revival on foreign markets translates into increase of number of orders
Level of completed export orders in Q1 2011 is higher than average level of orders in previous
periods
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6. ES-SYSTEM – export markets
Denmark 25%
Spain 13%
Germany 6%
Netherlands 5%
Russia 5%
Italy 3%
Norway 3%
Others 17%
10 biggest export markets in Q1 2011
ES-SYSTEMLIGHT IMPRESSIONS
Significant increase of sale share in Denmark (from 6% to 25%) and Spain (from 8% to 13% at the
end of the year 2010)
80% share of the EU countries in export sale
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Sweden 9%
Austria 8%
Great Britain 6%
Germany 6%

7. ES-SYSTEM – operating result
3 335
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
-
89.57
% +
300.57
%
ES-SYSTEMLIGHT IMPRESSIONS
348348
1 394
0
500
1 000
I Q 09/10 I Q 10/11
Increase of the Group’s EBIT by 300.57% yoy to a level PLN 1 394 k
Scale of growth results from the last year’s low base
Derivative of better results on sales and an increase in worked out margin value
Increase in costs: 5.8% (including remuneration fund by 3.08%)
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8. ES-SYSTEM – net profit
3 120
1 079
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
-
96.76
%
+
968.32
%
ES-SYSTEMLIGHT IMPRESSIONS
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1 079
-1 000
-500
0
500
I Q 09/10 I Q 10/11
The Group’s net profit at the end of Q1 2011 at the level PLN 1.1 MLN - increase by 986.32% yoy:
derivative of the low base and a better result on operations and financial activities
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9. DIVIDEND
Decision will be made by shareholders during a General Assembly of Shareholders
on May 24, 2011
The Management Board’s motion and a positive opinion of the Supervisory Board of
April 20, 2011 on division of a profit for 2010 in an amount PLN 9 803 136.04:
1. Reserve capital: PLN 5 516 772.34
2. Dividend payment: PLN 4 286 363.70
ES-SYSTEMLIGHT IMPRESSIONS
2. Dividend payment: PLN 4 286 363.70
- number of participating shares: PLN 42 863 637
- value of the dividend per share: PLN 0.10
- dividend date: July 1, 2011
- dividend payment date: July 14, 2011
Dividend policy for future years
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10. ES-SYSTEM GK – perspectives of Q 2 2011
Good financial condition, stable competitive position, high financial security
Further growth of the Group’s sale on export markets
Domestic sales will remain under an influence of factors connected with the sector’s
seasonality which in 2011 shifted from the winter time to April – May period due to the
market’s revival at the end of 2010
ES-SYSTEMLIGHT IMPRESSIONS
market’s revival at the end of 2010
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11. ES-SYSTEM NT
ES-SYSTEMLIGHT IMPRESSIONS
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Production start-up: end of April 2011
Technical data of the project:
- Plot area: 2 904 ha
- Whole factory area: 6 428.49 m2
- Office area: 524.63 m2
- Production area: 4 606.91 m2
- Warehouse area: 1 227.55 m2
Costs of investment on March 31, 2011 – PLN
15.8 MLN

12. The Fair’s main subject: ‘LED future of the light’
2-day science and technical conference: Energy
saving in lighting under the patronage of Polish
Committee on Illumination
Lighting Workroom gathering leading producers of
lighting equipment under the patronage of POL-
Poznan International Fair EXPOPOWER
ES-SYSTEMLIGHT IMPRESSIONS
lighting equipment under the patronage of POL-
lighting
ES-SYSTEM exposition dedicated to LED
technology
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