The document provides a summary of TIM Group's financial results for the third quarter of 2023. It notes a 4% decrease in year-over-year revenues due to macroeconomic pressures. EBITDA fell 51% and net profit declined 37% compared to the prior year. However, cash flow from operating activities increased 12.5%. Looking ahead, the tender offer for the sale of TIM S.A. shares was announced, with the goal of acquiring 100% of shares.

1. 1. O nas 2. Rynki działalności 3. Wyniki finansowe 4. 3LP S.A 5. Kluczowe aktywności
Results Summary
for the 3rd quarter of 2023
Wrocław | 22.11.2023

2. 2
About us
Financial Results TIM Group
Sales Results TIM SA
Tender offer for the sale of TIM shares
AGENDA

3. About us:

4. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
75%
25%
Distribution Activities
Logistics Services
Grupa TIM in brief
• Leader in e-commerce B2B in Poland
• Strategic development projects under the
new strategy in progress
• Good financial results, stable cash flow
and negative net interest debt.
• Waiting for the consent of UOKiK for the
acquisition of control by the Würth Group
• Operational competencies and infrastructure specialized in
logistics services for the e-commerce sector
• Continuation of the fulfillment of the development strategy
• Investments in the expansion of 3LP space rapidly increasing
the scale of business
EBITDA LTM GK TIM
by business lines:
4
• Investment in warehouse automation dedicated to the
• e-commerce sector

5. Financial Results TIM Group

6. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
Unit Revenue
3LP - logistics
Unit Revenue TIM
6
Selected Financial Results for TIM Group
Individual Data*: Consolidated Data GK TIM*:
1 480 mln zł
Sales Revenue:
114 mln zł
EBITDA:
63 mln zł
Net Profit:
751 mln zł
Total Assets*:
Data as at balance sheet date
30.09.2023/LTM
1 416 mln zł
169 mln zł
85 mln zł
TIM Unit EBITDA
29 mln zł
Unit EBITDA 3LP
– logistics
TIM S.A. – the parent
company of 3LP S.A., listed
on the WSE.
Capital
Group

7. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
719,2
830,3
890,0
1 064,9
1 314,3
1 523,3
-
200,0
400,0
600,0
800,0
1 000,0
1 200,0
1 400,0
1 600,0
2017 2018 2019 2020 2021 2022
• A 4% decrease year-on-year. revenues in the first three quarters of 2023,
resulting from a very high base in Q1-3 2022 and a slowdown in the
economy
• The twofold increase in turnover between 2017 and 2022
confirms the Group's growth ambitions
Revenue from 2017 to 2022 (mln PLN) & their mid-year growth
Sales Revenue (mln PLN)
7
+16%
TIM Group – Revenues under pressure from macro conditions
761,4
950,6
1 136,8
1 093,6
150,0
350,0
550,0
750,0
950,0
1 150,0
1 350,0
I-III quarter 2020 I-III quarter 2021 I-III . 22quarter 2022 I-III kw. 2023 r.

8. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
8
TIM Group – Profitability EBITDA & Net Profit
34,1
92,7
106,7
55,5
16,3
17,0
17,5
22,6
6,6%
11,5%
10,9%
7,1%
0%
2%
4%
6%
8%
10%
12%
-
20,0
40,0
60,0
80,0
100,0
120,0
140,0
160,0
I-III quarter 2020 I-III quarter 2021 I-III quarter 2022 I-III kw. 2023 r.
EBIT Amortization Profitability
50,4
19,9
69,6
76,4
37,1
2,6%
7,3%
6,7%
3,4%
0%
1%
2%
3%
4%
5%
6%
7%
8%
-
20,0
40,0
60,0
80,0
100,0
I-III quarter 2020 I-III quarter 2021 I-III quarter 2022 I-III kw. 2023 r.
Net Profit Profitability
• Deterioration of the Group's profitability due to the difficult macroeconomic environment and the costs of scaling up 3LP operations
EBITDA (mln PLN) Net Profit (mln PLN)
-51%
109,7
78,1
-37%
124,2

9. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
Cash January
1,,2023
Profit (loss)
prior to taxation.
Incurring/repayment
of loans borrowings
and commitments
under the Lease
Interest
Payments
Cash September 30,
2023.
Cash flow from
investing
activities
Change in
financial capital
Other cash flows
from operating
activities
9
Other financial
inflows/outflows
(buy back)
TIM Group – cash flow
• Increase in positive net cash flow from operating activities to PLN 63.1 million (+12.5% y/y)

10. Sales Results
TIM SA

11. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
* A customer with sales higher than PLN 1.5 thousand per month in the last 12
months
TIM S.A. – impact of customer structure on profitability
• At the end of Q3. In the first quarter of 2023, the number of key
customers* amounted to 23,185, i.e. increased by 6.0% y/y.
Revenue by customer segment Gross Margin on Sales (mln PLN)
• The downturn in the wholesale market of electrotechnical products
causes a price war, which has a negative impact on the level of
margins generated
11
-16,4%
127,3
195,1
238,8
208,7
0
50
100
150
200
250
300
I-III kw. 2020 I-III kw. 2021 I-III kw. 2022 I-III kw. 2023
-12,6%
44,0%
35,4%
9,0%
8,4%
1,6%
1,0%
0,7%
43,7%
36,5%
9,0%
8,2%
1,1%
1,2%
0,3%
Installer
Sales person /
wholesaler
Production of OEM
Maintaining traffic /
restorer
prefabricator of
switchgears
Consumer
Non-industry B2B
Q1-Q3 2023 Q1-Q3 2022
Q1-Q3 2020 Q1-Q3 2021 Q1-Q3 2022 Q1-Q3 2023

12. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
12
TIM S.A. – Efficiency of the e-commerce segment
Number of Users and Sessions Sales of e-commerce (mln PLN)
Y/o/Y increase in add-to-cart
+8%
YoY increase in engagement sessions
+18%
Y/oY increase in conversion rate
+4,5%
479,2
643,8
762,0
710,2
I-III kw. 2020 I-III kw. 2021 I-III kw. 2022 I-III kw. 2023
1625
278
6466
233
2003
282
7909
184
1975
333
7832
783
1507
816
7208
798
liczba użytkowników liczba sesji
I-III kw. 2020 I-III kw. 2021 I-III kw. 2022 I-III kw. 2023
Q1-Q3 2020 Q1-Q3 2021 Q1-Q3 2022 Q1-Q3 2023
number of users number of sessions
Q1-Q3 2020 Q1-Q3 2021 Q1-Q3 2022 Q1-Q3 2023

13. Tender offer for the sale of TIM shares

14. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
+34,1%
premium in relation to the
last closing price of the
Company's shares
preceding the date of
announcement of the
intention of the first Tender
Offer
+2,7%
premium in relation to the
3-month volume-weighted
average price of the
Company's shares
preceding the date of the
announcement of the
intent
Second Tender Offer
+7,8%
premium in relation to the
the 6-month volume-
weighted average price of
the Company's shares
preceding the date of
announcing the intention
of the second Tender Offer
+93,8%
premium over the last
closing price prior to the
Company's announcement
of its strategic options
review on August 22, 2022.
▪ On September 21, 2023, the second Tender Offer for the sale of 100% of shares in TIM S.A. by FEGA &
Schmitt Elektrogroßhandel GmbH, a member of the Würth Group, was announced.
▪ Subscriptions for the Tender Offer began on 28 September 2023 and will be accepted by brokerage
houses until 6 December 2023.
▪ The price offered in the Tender Offer is PLN 50.69 per share, which means:
Tender Offer for the sale of TIM S.A. (1) shares
14

15. 1. About us 2. Financial Results TIM Group 3. Sales Results TIM SA 4. Tender offer for the sale of TIM shares
▪ The main shareholders and key managers of TIM S.A., including among others President of the
Management Board of the Company Krzysztof Folta and Chairman of the Supervisory Board Krzysztof
Wieczorkowski, have already signed agreements under which they undertake to sell their shares under
the Tender Offer.
▪ The goal of the Caller is to achieve 100% of votes at the AGM.
▪ The Caller intends to withdraw TIM S.A. from the WSE.
Tender offer for the sale of TIM S.A. shares (2)
15

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contents of the following legal disclaimer.
The presentation has been prepared by TIM S.A. with its registered office in Wrocław ("TIM" or the "Company") solely for information purposes. Neither the Presentation nor any copy
of the Presentation may be reproduced, distributed or transmitted, directly or indirectly, to any person for any purpose without the written consent of the Company.
This Presentation does not constitute an investment recommendation or information recommending or suggesting an investment strategy. This Presentation does not contain a complete or
comprehensive financial or commercial analysis of TIM or the TIM Group ("TIM Group"), nor does it present its positions and prospects in a complete or comprehensive manner.
The Company has prepared the Presentation with due diligence, but it may contain certain inaccuracies or generalisations. Therefore, it is recommended that any person intending
to make an investment decision with respect to any securities issued by the Company or its subsidiaries should rely on the information disclosed in the Company's reports prepared
in accordance with applicable law.
This presentation has been prepared for information purposes only and does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell any securities or instruments
or to participate in any commercial venture.
The presentation and the graphic objects, information, data and descriptions contained therein may contain forward-looking statements. However, such statements cannot be construed as
an assurance or projection as to the expected future performance of the TIM Group or TIM Group companies. The presentation cannot be understood as a forecast of future results
of TIM and the TIM Group.
It should be noted that such statements, including statements regarding expectations of future financial performance, do not constitute a guarantee or assurance that such will
be achieved in the future. The information provided by the Company's representatives is based on the current expectations or views of the Company's representatives and is dependent on a
number of factors that may cause the actual results achieved by the Company to be materially different from the results described in this document. Many of these factors are beyond the
Company's knowledge, awareness and/or control or the Company's ability to predict.
Neither TIM, TIM Group companies, nor the members of its bodies, its directors, officers, advisers, shareholders or representatives of such persons shall be liable for any reason whatsoever
arising out of the use of the Presentation. Furthermore, no information contained in the Presentation constitutes a commitment on the part of TIM Group, the Company, its representatives,
shareholders, subsidiaries, advisors or representatives of such persons. Statistical data or information relating to the market on which the Company, TIM Group or TIM Group companies
operate, used in this presentation, has been obtained from public sources or indicated in the content of the Presentation and has not been subject to additional
or independent verification.
Neither TIM Group and its companies, nor the members of its bodies, its directors, officers, advisors, shareholders or representatives of such persons shall be obliged to provide recipients of
the Presentation with any additional information or to update its content.
The Presentation is protected under the Act on Copyright and Related Rights. 16
Legal Disclaimer:

17. Thank you for your
attention and feel free to
contact us.
Contact:
Michał Kostrowicki
Corporate Communicaation Manager
TIM S.A.
ul. Jaworska 13
53-612 Wrocław
m.kostrowicki@tim.pl
+48 726 004 981