RESU SULTS TS PRESE SENT NTATION ION WARSAW , 17 TH MAY 2018 - - PowerPoint PPT Presentation

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1Q18 1Q18 FINA FINANC NCIA IAL RESU SULTS TS PRESE SENT NTATION ION

WARSAW, 17 TH MAY 2018

SLIDE 2

2

G L O B A L A S P I R A T I O N S

Disclaimer

This is pr presentati tation (th (the “Presentation”) was pr prepar ared by by LPP SA SA (th (the “Company”) with ith a due car

• are. Stil

Still, it it may ay contain tain certain tain in inconsis isten tencie ies or

• r omis

issio

• ions. The Presentati

tation does not contain tain a complete te or

• r th

thorough fin inan ancial ial an analys ysis is of

• f th

the Compan any and and does not pr present its its stan tandin ing or

• r prospects

ts in in a comprehensive ive or

• r in

in-depth th man

• anner. Therefore, an

anyo yone who in inte tends to to mak ake an an in inve vestm tment decis isio ion with ith respect to to th the Compan any should rely on

• n th

the in informatio ation dis isclosed in in th the offic icial al reports

• f
• f th

the Compan any, y, pub ublis ished in in ac accordan ance with ith th the laws app pplic icab able to to th the Compan

• any. This

is Presentat tatio ion was as prepar ared for inf nformat atio ion pur purpo poses onl nly and nd do does no not cons nsti titu tute te an an offer to to buy buy or

• r to

to sell ll any ny finan nancia ial ins nstr truments nts. The Presentati tation may ay contain tain 'forward‐looking statem tatements ts'. Howeve ver, such state tatements ts can annot be be tr treate ated as as as assur uran ances or

• r

pr proje jectio ions of

• f an

any expected ted futu ture results ts of

• f th

the Co Compan

• any. Any statem

tatements ts concernin ing expectat tatio ions of

• f futu

ture fin inan ancial ial result lts cann annot be be und ndersto tood as as guar aran ante tees th that at an any such result lts will ll ac actu tual ally ly be be achie ieved in in futu

• ture. The expectatio

tations of

• f

th the Man anag agement Boar ard ar are bas ased on

• n th

their ir current knowledge an and depend nd on

• n man

any fac acto tors due to to whic ich th the ac actu tual al results ts ac achie ieved by by the Compan any may ay dif iffer mat ateria ially from th the results ts presente ted in in this is document. Man any of

• f th

those fac acto tors ar are be beyond the he awar areness and nd contr ntrol of

• f the

he Compan any or

• r the

he Company’s abi bili lity ty to to foresee the hem. Neith ither th the Compan any, y, nor its its dir irecto tors, offic icers, ad advis visors, nor representati tative ves of

• f any such persons

ns ar are liab iable on

• n ac

account of

• f

an any reas ason resultin ing from an any use of

• f th

this is Presentati

• tation. Ad

Additi itionally, y, no no in informatio ation contain tained in in th this is Presentati tation cons nstit titutes an any representati tation or

• r war

arran anty ty of

• f th

the Compan any, y, its its offic icers or

• r dir

irectors, ad advis visors or

• r representati

tative ves of

• f an

any of

• f

th the ab above ve persons

• ns. The Presentat

tatio ion an and th the forward‐looking statem tatements ts speak ak only as as at at th the date ate of

• f th

this is Presentati tation. These may ay not be be in indic icati ative ve of

• f results

ts or

• r deve

velopments ts in in future perio

• iods. The Compan

any does not und ndertak take an any oblig igat atio ion to to revie view, to to confir irm or

• r to

to relea lease pub ubli licly ly an any revis visio ions to to an any forward‐looking state tatements ts to to reflec lect events ts th that at occur ur or

• r

circumstan tances tha hat arise after the he da date of

• f thi

his Presentati tation.

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G L O B A L A S P I R A T I O N S

• 1. 1Q18 financial results
• 2. Key corporate events
• 3. 2018 outlook

SLIDE 4

4

G L O B A L A S P I R A T I O N S

Million square metres of floorspace

20

COUNTRIES

1,728

STORES

+9.5%

m2

+9%

LFLs

+139%

E-COMMERCE

+16%

REVENUES

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5

G L O B A L A S P I R A T I O N S

Over 1,700 stores, 20 countries

@ Internet stor

• res

xx xx Number of stor

• res

es 19 @ 977 @ 78 @ 56 @ 86 7 28 @ 18 18 18 @

30 @

19 @ 35 @ 329@

1 1 3 1

31.03.2018

• No. of stores

YoY LPP GROUP

1,728

+ 57 Reserved

458

+ 3 Cropp

377

+ 1 House

332

+ 11 Mohito

291

+ 6 Sinsay

236

+ 38 Outlets

34

• 2

1 @ 3

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G L O B A L A S P I R A T I O N S 1.7 12.4 18.0 27.4 54.9 130.9 1Q13 1Q14 1Q15 1Q16 1Q17 1Q18

LFL and e-commerce growths

• LFLs were in

n the he bl blac ack in n all month ths of 1Q1

• Q18. Except

pt for Mohit hito all br brands nds sho howed d po positi tive ve LFLs in n 1Q1 Q18.

• 1Q1

Q18 LFL FLs were in n the he bl black in n majo ajority ity of coun untr trie ies (the hi highest t growth th rate tes were recorded d in Hu Hung ngar ary, y, Roman ania, a, Uk Ukrain aine and nd the he Czech Repub public). ).

• On

On-lin ine sales amounted ted to 9.6% revenues in n Poland and and nd 8.3% of group p reve venues in n 1Q1 Q18.

• Fur

urther e-commerce growth du due to inve vestments in e-sto tores out utside ide Poland and, marketi ting ng out utlays ys and nd cha hanges in n Polis ish h cus usto tomer ha habit bits (sto tores closed d on n selected d Sun undays days). ).

+53% YoY

LF LFL L DY DYNAMICS (local l cur urrencie ies) ON ON-LINE SA SALE LES (PLN LN m) m)

+100% YoY +45% YoY +636% YoY

4.2% 6.6% 9.2% 5.1% 4.6% 6.2% 15.2% 12.9% 9.2%

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

+139% YoY

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7

G L O B A L A S P I R A T I O N S

Floorspace growths in all brands

• Dy

Dynam namic Reserved d 1Q1 Q18 reve venue growth h resul ulted d from: : floorspac ace de deve velopment t and nd strong reception of brand’s coll llectio ions by by cus usto tomers (po posit itiv ive LFL FLs in n women, chi hild ldren n and nd men de depa partm tments ts). ).

• Sinsay’s revenues grew at the highest pace. Our youngest brand’s floorspace recorded the highest growth due to

cons nsis isten tent t foreign n de developm pment. t.

• Ho

Hous use br brand nd sho howed d Qo QoQ impr prove vement t whil hile Monito ito br brand d ha had d a slower qua quarte ter.

+ 11% YoY + 7% YoY

• 12% YoY

+ 18% YoY + 27% YoY + 139% YoY

ths m2 1Q17 1Q18 YoY

LPP GRO ROUP 913.9 1,000.9 9.5% Res eserve ved 510.7 561.0 9.9% Cropp 120.1 127.7 6.3% House 102.9 110.9 7.7% Mohito 97.8 103.4 5.7% Sinsay 69.8 85.8 23.0% Outlet ets 12.6 12.1

• 4.1%

REV EVENUES BY Y BRANDS

(PLN m)

1Q1 1Q18 FL FLOO OORSPACE

(by by br brand nds)

38 131 142 162 170 210 728 Other E-commerce Sinsay Mohito House Cropp Reserved

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G L O B A L A S P I R A T I O N S 4 342 367 867 ME CIS Europe Poland

Growths in key regions

• Reve

venue growth th in n Polan and d hi higher tha han floorspac ace growth th due due to po positi itive LFLs.

• Dy

Dynam namic reve venue and nd floorspa pace growth th in n Eur urope in n 1Q1 Q18 among ng othe hers due due to strong de develo lopm pment t in n CEE regio ion.

• Do

Doubl uble-dig igit it floorspac ace growth th in n the he CIS regio ion – all br brand nds in n Belar arus at the he end nd of 1Q1 Q18.

• Amo

Among coun untr trie ies, the he hi highest t no nomin inal al YoY reve venu nue growth th was recorde ded d in n Polan land d and nd Czech Repub publi lic.

REV EVENUES BY Y REGIONS

(PLN m)

1Q1 1Q18 FL FLOO OORSPACE

(by by regio ions)

ths m2 1Q17 1Q18 YoY LPP PP GROUP

913.9 1,000.9 9.5%

Pola land

485.3 511.5 5.4%

Europ

• pe

212.8 235.0 10.4%

CIS IS

208.2 247.8 19.0%

ME ME

7.6 6.6

• 13.3%

+ 16% YoY + 30% YoY + 6% YoY

• 45% YoY

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9

G L O B A L A S P I R A T I O N S 17.2% 16.4% 18.0% 17.7% 16.0% 13.5% 21.8% 15.9% 16.0% 0% 5% 10% 15% 20% 25% 500 1,000 1,500 2,000 2,500 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Retail sales (brands) E-commerce Other (incl. outlets) Revenue growth

High sales/ m2 dynamics

• Group

up reve venu nues grew 16% YoY in n 1Q1 Q18 due due to hi higher floorspac ace, po positi tive ve LFLs and nd hi high e-commerce dy dynam namics.

• In

n 1Q1 Q18 bo both h retai ail l sales/ les/ m2 and nd sales les/ m2 were hi higher YoY.

• The

he hi highest t do doubl uble-dig igit it retai ail sales/ m2 were recorded d in n 1Q1 Q18 in n Roman ania, ia, Czech h Repub public ic, Hun ungar ary y and nd Slova vakia. a.

GROUP REV EVENUES

(PLN m)

REV EVENUES/ / M2 M2

PLN (monthly) 1Q17 1Q18 YoY LPP GROUP (retail) 492 492 521 521 6.0% 0% Poland 500 500 562 562 12.2% Europe 451 451 520 520 15.4% CIS 514 514 444 444

• 13.

3.6% 6% LPP GROUP 499 499 532 532 6.6% 6%

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G L O B A L A S P I R A T I O N S

4.0 3.9 3.9 4.1 4.1 3.8 3.6 3.6 3.4 3.4

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

46.1% 49.9% 47.1% 50.8% 45.6% 56.5% 49.0% 58.0% 45.1% 40% 45% 50% 55% 60% 65%

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

Stable gross profit margin

• Stab

able 1Q1 Q18 YoY pr profit it margin - favo vour urab able FX trends ds, but but less favo vorable able YoY weath ather - col cold March h shi hifte ted d de deman and d for the he Spr pring coll llectio tion n for Ap April. l.

• We

We cont ntinue to impr prove ve our ur inve nvento tory y manag agement t po polic icy, to be be be bette ter pr prepar pared d for weath ather chang hanges in n the he season. n.

• Appr

Apprecia iatio tion n of zloty ty versus do dollar create ates a cus ushio ion for gross pr profit it margin.

QU QUARTERLY GROSS PROFIT MA MARGIN AVE AVERAGE QU QUARTERLY LY US$ S$/P /PLN

FX LEVELS IMPO PORTANT FOR SETTIN ETTING SS18 18 PRICE ICES NEW EW INVEN ENTO TORY MAN ANAGEM EMENT T POLIC ICY

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G L O B A L A S P I R A T I O N S

• Lower YoY rent

ntal al cha harges  closin ing do down of older less favo vour urabl ble locati ations, lower rent ntals in n Rus ussia ia and nd Uk Ukrain aine and nd cha hange in n fit-out t recogniti ition.

• Lower YoY in

n pe personnel costs ts and nd higher YoY other costs  we lower the he respo ponsibil ibilit itie ies of sales pe personnel and nd we shi hift t pa part t of the hese to external al subc ubcontr trac acto tors (oth ther costs ts of stores). ).

• Growth

th in n SG&A/ A/ m2 YoY  hi higher costs ts of he headqu adquar arte ters (fur urth ther e-commerce de developm pment t and nd result ltan ant t pi pick-up up in n logis istic tics costs ts, hi higher on-lin ine and nd off-line marketin ting costs ts). ).

COS OSTS OF OF OW OWN ST STORES/ / M2 M2 SG&A COSTS/ M2

Stable costs of stores/ / m2 m2

• 1% YoY

+5% YoY

237 254 254 258 266 271 280 300 279 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

93 98 99 89 98 97 100 94 90 52 56 57 59 63 62 61 61 60 46 48 49 53 53 53 53 61 62 191 202 205 201 214 211 214 216 212

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Rental costs HR costs Other costs

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G L O B A L A S P I R A T I O N S

Stable results

PLN m 1Q17 1Q18 YoY Revenues 1,362.3 1,580.4 16.0% Gros

• ss prof
• fit

t margin 45.6% 45.1%

• 0.5p.p.

SG&A costs 719.2 820.5 14.1% EBIT

• 109.0
• 117.7

N/M EBIT IT margin

• 8.0%
• 7.4%

0.6p.p. Net profit (loss)

• 117.0
• 104.8

N/M

• Dy

Dynam namic group reve venue growth th:

• positi

tive ve LFLs and floo

• orspace grow
• wth

th,

• n
• n-li

line sale les increase.

• Stab

Stable gross profit it mar argin in: fav avourab able FX FX tr trend nds bu but unf unfav avorab able le weath ather in in March.

• SG&A growth

th be below top-lin ine growth th.

• More favourab

able ne net finan nancial als:

• lower

er inte terest t due e to lower er indebte tedness,

• higher

er FX gains.

• Net loss in

in the he seasonal ally weak akest qua quarte ter.

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13

G L O B A L A S P I R A T I O N S 1,374 1,444 1,438 1,164 1,251 1,480 1,637 1,473 1,403

1,621 1,669 1,634 1,275 1,381 1,604 1,759 1,487 1,419 400 800 1,200 1,600 400 800 1,200 1,600 2,000 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Inventory (PLN m) Inventory/ m2 (PLN)

Freeing up working capital even further

• 12% YoY growth

th in n inve nvento tory y and nd onl nly y 3% YoY growth h in n inve nvento tory/ y/ m2, due due to effecti tive ve sell-offs, favo vourab able coll llectio ions and nd dy dynam namic ic e-commerce growth. h.

• PLN 583m addit

dditio ional liab iabil ilitie ties due due to exten tensio ion of pa payment t terms for suppl upplie iers at the he end nd of 1Q1 Q18.

• We

We are close to our ur target t of matc tchin ing liab abil iliti ities to the he inv nvento tory y leve vel.

• As

As a result, t, we reduc duced d our ur cash h cycle to 24 da days in n 1Q1 Q18 compar pared d to 50 da days in n 1Q1 Q17 and nd 106 da days in n 1Q1 Q16.

INVENTORY WOR ORKING CAP APITAL

(PLN m)

PLN 370 m PLN 107 m

1,251 1,403 155 175 882 1,296 1Q17 1Q17 1Q18 1Q18 Inventory Trade receivables Trade liabilities

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G L O B A L A S P I R A T I O N S

Net cash on the balance sheet

• 1Q1

Q18 cape pex grew 32% YoY due due to pa payments ts for store ope pening ings from 4Q1 Q17 and nd hi higher costs ts of stores mode dernis isati ation. .

• Fall in

n sho hort-te term de debt bt due due to favourab able ope peratin ating cash flows and nd suppl upply y chain hain financ ancing ng.

• Our

Our aim im is to keep p ne net t cash in n upc upcomin ing qua quarter ters due due to fur urther de deve velopment t of suppl upplie ier finan nancin ing pr program amme.

NET ET DE DEBT VS VS NET ET DE DEBT/EBITDA

(PLN m)

CAP APEX (PLN LN m) m)

1Q17: PLN 112.2m 1Q18: PLN 148.6m

1.3x 1.0x 1.2x 0.3x 0.8x 0.0x 0.0x

• 0.4x -0.3x

27.4 77.5 51.1 73.7 99.0 76.0 101.1 98.7 133.1 8.6 11.9 11.0 10.7 13.2 13.2 19.2 21.0 15.5 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Stores Other

835 640 647 144 348

• 11

11

• 316
• 221
• 0.5

0.0 0.5 1.0 1.5

• 500
• 250

250 500 750 1,000 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Net debt (PLN m) Net debt/ EBITDA (x)

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G L O B A L A S P I R A T I O N S

1Q18 executive summary

Successful restructuring of the Reserved brand - success of the collections.

1

E-stores in 11 countries – triple-digit e-commerce growth continues.

2

SG&A costs under control.

3

Net cash.

5

Stabilisation of inventories / m2.

4

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G L O B A L A S P I R A T I O N S

• 1. 1Q18 financial results
• 2. Key corporate events
• 3. 2018 outlook

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G L O B A L A S P I R A T I O N S

CROPP E-STORE IN RUSSIA

Launch of the fifth e-store in Russia for the Cropp brand.

February 2018

Key corporate events

CAMPAIGN WITH CINDY CRAWFORD

Another global star promotes

Res eserved collection.

FIRST INTEGRATED REPORT

„LP LPP MOR MORE" " is LPP’s

first integrated report, presenting social and environmental issues and CSR strategy.

March 2018 May 2018 ACCELERATION IN BULGARIA

5 new stores in Bulgaria, including first Sinsay store.

3, 3,60 600 m2 m2

March 2018

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G L O B A L A S P I R A T I O N S

Stars promote Reserved

CINDY CRAWFORD CAJMEL MAFFASHION TOP TOP-MODELS S AND FASH SHION INFLUENCERS S PROMOTE RESE SERVED PRODUCTS. S.

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G L O B A L A S P I R A T I O N S

History of our CSR activities

2013 2014 2015 2016 2017 2018 joining the ACCORD alliance setting up offices in Dhaka (Bangladesh) update of Code of Conduct for suppliers introduction of

• rganic

cotton stronger supervision

• ver factories in Asia

start of co-operation with SGS (audit company) establishing of factory audit division resignation from angora resignation from natural furs second ACCORD agreement first integrated report

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S O C I A L L Y R E S P O N S I B L E

LPP MORE

Raport zintegrowany LPP za rok 2017 KOMPLEKSOWY - zintegrowany PORÓWNYWALNY - Stworzony

• międzynarodowe standardy – GRI Standards

WIARYGODNY – zweryfikowany zewnętrznie

LPP integrated report 2017

created based on GRI Standards (Global Reporting Initiative) Anna Miazga CSR Coordinator

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S O C I A L L Y R E S P O N S I B L E

Social responsibility

A simplified split based on 2017 data.

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S O C I A L L Y R E S P O N S I B L E

LPP MORE - Sustainable Development Strategy

4 PILLARS OF LPP’S SUSTAINABLE DEVELOPMENT STRATEGY FOR 2017–2019 MORE SAFE

OUR PRODUCTS covers our practices related to design of clothes and accessories, with the way they are designed and manufactured.

MORE CARE

OUR EMPLOYEES includes our practices related to relations with employees, both potential and former employees.

MORE MINDFUL

OUR ENVIRONMENT covers our practices related to consumer education, broad fashion industry and our presence in local communities.

MORE ETHICAL

OUR PRINCIPLES includes our management approach and the way we conduct business.

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G L O B A L A S P I R A T I O N S

• 1. 1Q18 financial results
• 2. Key corporate events
• 3. 2018 outlook

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G L O B A L A S P I R A T I O N S

Further floorspace growth

Floorspace (ths m2) 2017 2018 former target 2018 target YoY BY BRANDS Reser erved ed 562. 2.3 628. 8.9 632. 2.3 12% 2% Crop

• pp

127. 7.2 132. 2.7 132. 2.9 4% 4% House 110. 0.6 114. 4.7 114. 4.8 4% 4% Moh

• hito

to 103. 3.8 109. 9.5 111. 1.0 7% 7% Sinsay 84.6 107. 7.4 106. 6.3 26% 6% Outl tlets ts 12.1 11.8 11.8

• 2%

2% BY REGIONS Pola land 514. 4.0 527. 7.4 529. 9.6 3% 3% Europ

• pe

232. 2.8 285. 5.3 286. 6.4 23% 3% CIS IS 247. 7.3 284. 4.1 285. 5.9 16% 6% ME ME 6.6 8.4 7.3 11% 1% TOTAL 1,000.6 1,105.1 1,109.1 11%

• 11% YoY floorspac

pace growth th in n 2018.

• Reserve

ved d stores in n 23 coun untr trie ies at the he end nd of 2018.

• 3 ne

new markets ts in n 2018:

• Kazakhsta

tan and Slov

• ven

enia (own stor

• res),

),

• Israel

el (fr franchise e stor

• res).
• 2018 target:

:

• sele

lective ve deve velop lopment in Pola land,

• accele

lerati tion of growth th in Europe e (emphasis on South th- Easte tern Europ

• pe)

e),

• further deve

velop

• pment in the CIS

IS region,

• ret

eturn to grow

• wth

th in the e Middle le East. t.

• Plann

anned 2018 cape pex at c. PLN 520m, up up c. 18% YoY. Plann anned store cape pex at PLN 350m, HQs Qs out utlays ys at PLN 95m and nd IT and nd logis isti tics out utlay ays at PLN 75m.

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G L O B A L A S P I R A T I O N S

Store upgrades to continue

364m2

450m2 900 m2

334m2

450m2 1,000 m2

355m2

450m2 900 m2

339m2

450m2 1,000 m2

1,225m2

2,500m2 4,000 m2

28 52

We plan n to continue nue to graduall ually y enlarge rge the average ge size of store res s of all our brands ds so as to accommodat date room for more comprehe hens nsive ve collections ns.

49 52 71

STORE RE SIZ IZE (CURRENT,T ,TARGETED AND MAX AX) PRIC RICE TAG (PLN)

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G L O B A L A S P I R A T I O N S

Continuation of e-commerce growth

2018 target:

100%

YoY revenue growth.

PLN 720m

e-commerce revenues in 2018. E-commerce in Ukraine in 2H18.

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G L O B A L A S P I R A T I O N S

2018 outlook

• Contin

inuati tion of f do double le-digit rev evenue e growth th du due e to fl floorspace dev develop lopment t and nd e-commerce. e.

• Group’s gross pr

profit it ma margin sho hould be be bet between 54 54-55 55% (hi higher Yo YoY).

• Net

et cash to conti tinue.

• LPP’s stores in new countries.
• Dy

Dynamic e-commerce growths.

• Unf

nfavourable le FX FX tren ends on n US$ S$, EU EUR and nd RUB in n rel elatio ion to PLN LN.

• Ban on

n trade on n Su Sund ndays (18 18% of f Poli lish rev evenues).

2 0 1 8 T A R G E T S O P P O R T U N I T I E S R I S K S

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G L O B A L A S P I R A T I O N S

A growing dividend

• Manag

nagement t recommends ds LPP’s Supe upervis visory y Boar ard d and nd the he Gene neral al Meetin ting pa paying ying out ut PLN 73.3m in n di divid vidend nds from 2017 pr profit

• its. AG

AGM is to take pl place on n 25th h May 2018.

• The

he amount t is 12% hi higher YoY and nd 17% of the he cons nsolidat dated d audi udited d pr profit it of 2017.

• The

he pr propo posal al tran anslate ates int nto a di divide vidend d pe per sha hare of PLN 40.00 and nd will no not cha hange if the he supe upervis visory y bo board d offers 117 stock opt ptio ion n pl plan sha hares to emplo loye yees.

DI DIVIDEND VER VERSUS NET ET PROFIT

(PLN m)

+12% YoY

Dividend date

24 August 2018

Payment date

14 September 2018

Dividend shown under the year from which it is paid, not under the year, in which it is paid out.

480 351 175 441 58 60 66 73 2014 2015 2016 2017 2014 2015 2016 2017 Group NI Dividends

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G L O B A L A S P I R A T I O N S

Change in fiscal year

The aim behind the planned fiscal year change is to align the fiscal year with the fashion seasons (collection assessment, lower seasonality).

2019 fiscal year will have 13 months. First 12-month fiscal year after the change starting February 2020.

SELL-OFFS FULL PRICE FULL PRICE SELL-OFFS SELL-OFFS

AW Spring/Summer Autumn/Winter

1Q 2Q 3Q 4Q

CALENDAR YEAR FISCAL YEAR

I II III IV V VII VI VIII IX XII XI X

1Q 2Q 3Q

I

4Q

SLIDE 30

30

G L O B A L A S P I R A T I O N S

Q&A

SLIDE 31

31

G L O B A L A S P I R A T I O N S

Back-up

SLIDE 32

32

G L O B A L A S P I R A T I O N S

Network development

Floorspace (ths m2) 31.03.2016 30.06.2016 30.09.2016 31.12.2016 31.03.2017 30.06.2017 30.09.2017 31.12.2017 31.03.2018 Reserved 467.1 473.8 487.2 509.1 510.7 520.8 526.8 562.3 561.0 Poland 230.9 30.9 235.1 35.1 232.0 32.0 248.7 48.7 245.9 45.9 247.4 247.9 266.8 264.9 Europe 124.0 24.0 127.2 27.2 140.0 40.0 144.1 44.1 147.7 47.7 151.3 157.6 160.8 162.2 CIS IS 104.6 04.6 103.9 03.9 107.7 07.7 108.7 08.7 109.5 09.5 114.0 114.7 128.1 127.3 ME ME 7.6 7.6 7.6 7.6 7.6 8.2 6.6 6.6 6.6 Cropp 115.4 117.8 116.7 120.4 120.1 121.9 121.4 127.2 127.7 Poland 63.6 .6 65.2 .2 63.0 .0 65.3 .3 65.1 .1 66.5 64.9 65.7 65.7 Europe 20.2 .2 20.6 .6 21.0 .0 21.2 .2 21.0 .0 20.8 21.2 22.3 22.1 CIS IS 31.6 .6 31.9 .9 32.8 .8 34.0 .0 34.0 .0 34.7 35.3 39.3 39.8 House 100.5 104.8 103.8 105.7 102.9 106.6 105.6 110.6 110.9 Poland 62.9 .9 65.4 .4 63.1 .1 64.9 .9 62.4 .4 65.1 64.0 65.0 64.9 Europe 15.5 .5 16.4 .4 16.8 .8 16.4 .4 16.2 .2 16.2 16.2 17.1 17.2 CIS IS 22.0 .0 23.1 .1 23.9 .9 24.3 .3 24.3 .3 25.4 25.4 28.6 28.7 Mohito 94.9 95.9 97.6 99.1 97.8 99.3 98.5 103.8 103.4 Poland 52.5 .5 51.8 .8 52.4 .4 53.4 .4 51.7 .7 52.6 52.1 53.0 52.3 Europe 16.5 .5 17.7 .7 18.1 .1 18.1 .1 18.1 .1 18.1 18.1 19.7 20.1 CIS IS 25.9 .9 26.3 .3 27.1 .1 27.7 .7 28.0 .0 28.6 28.4 31.1 31.0 Sinsay 60.5 63.1 65.2 69.8 69.8 72.5 76.0 84.6 85.8 Poland 43.9 .9 44.5 .5 45.5 .5 48.6 .6 48.6 .6 49.0 50.9 53.2 53.3 Europe 8.0 8.8 9.2 9.7 9.7 10.4 10.9 12.8 13.1 CIS IS 8.6 9.8 10.5 .5 11.5 .5 11.5 .5 13.1 14.2 18.7 19.4 Tallinder (Poland only) 2.9 3.7 3.7 4.1 0.0 0.0 0.0 0.0 0.0 Outlets 13.8 13.8 13.8 12.6 12.6 12.6 11.6 12.1 12.1 Total by regions Poland 468.3 68.3 477.4 77.4 471.2 71.2 496.6 96.6 485.3 85.3 492.1 92.1 490.5 90.5 514.0 14.0 511.5 Europe 184.4 84.4 190.8 90.8 205.2 05.2 209.5 09.5 212.8 12.8 216.9 16.9 224.1 24.1 232.8 32.8 235.0 CIS IS 194.7 94.7 196.9 96.9 204.0 04.0 207.0 07.0 208.2 08.2 216.5 16.5 218.7 18.7 247.3 47.3 247.8 ME ME 7.6 7.6 7.6 7.6 7.6 8.2 6.6 6.6 6.6 TOTAL 855.0 872.7 888.0 920.7 913.9 933.7 939.9 1,000.6 1,000.9

SLIDE 33

33

G L O B A L A S P I R A T I O N S

2018 2018 network development details

Floorspace (ths m2) 31.12.2017 31.12.2018

• Nom. growth

YoY growth Reserved 562.3 632.3 70.1 12% Poland 266.8 275.8 9.0 3% Europe 160.8 200.3 39.5 25% CIS 128.1 149.0 20.9 16% ME 6.6 7.3 0.7 11% Cropp 127.2 132.9 5.6 4% Poland 65.7 65.3

• 0.4
• 1%

Europe 22.3 25.0 2.7 12% CIS 39.3 42.6 3.3 8% House 110.6 114.8 4.1 4% Poland 65.0 66.5 1.5 2% Europe 17.1 18.8 1.6 10% CIS 28.6 29.5 1.0 3% Mohito 103.8 111.0 7.2 7% Poland 53.0 53.3 0.3 0% Europe 19.7 25.4 5.8 29% CIS 31.1 32.3 1.2 4% Sinsay 84.6 106.3 21.7 26% Poland 53.2 59.2 6.0 11% Europe 12.8 16.8 4.0 31% CIS 18.7 30.4 11.7 63% Outlets 12.1 11.8

• 0.3
• 2%

Polska 10.3 9.5

• 0.8
• 8%

Europa 0.2 0.2 0.0 0% CIS 1.6 2.1 0.6 38% TOTAL 1,000.6 1,109.1 108.5 11%

• No. of STORES

31.12.2017 31.12.2018

• Nom. growth

YoY growth Reserved 468 471 3 1% Poland 232 218

• 14
• 6%

Europe 119 131 12 10% CIS 111 115 4 4% ME 6 7 1 17% Cropp 381 369

• 12
• 3%

Poland 211 196

• 15
• 7%

Europe 69 69 0% CIS 101 104 3 3% House 333 327

• 6
• 2%

Poland 205 197

• 8
• 4%

Europe 52 54 2 4% CIS 76 76 0% Mohito 294 298 4 1% Poland 160 153

• 7
• 4%

Europe 53 64

• 4

21% CIS 81 81 11 0% Sinsay 233 279 46 20% Poland 152 163 11 7% Europe 33 57 24 73% CIS 48 59 11 23% Outlets 34 31

• 3
• 9%

Poland 30 26

• 4
• 13%

Europe 1 1 0% CIS 3 4 1 33% TOTAL 1,743 1,775 32 2%

SLIDE 34

34

G L O B A L A S P I R A T I O N S

Changes in 1Q18 floorspace

• Fur

urther ne netw twork opt ptim imiz izati ation in n 1Q1 Q18 - closin ing do down of small aller stores, who hose rent ntal al agreements ts expir pired, d, espe pecial ally y in n Polan land d and nd in n the he Reserve ved d br brand nd.

• Sinsay

ay’s dy dynam namic ic de deve velopment t of - first t store in n Bul ulgar aria ia and nd Belar arus.

• Focus on

n ne new ope pening ings in n Belar arus us and nd Bul ulgaria ia - stores of all br brands ds pr present t at the he end nd of 1Q1 Q18.

CHANGE IN FLO LOORSPACE BY BRANDS

(ths hs m2)

CHANGE IN FL FLOORSPACE BY Y REGIONS

(ths hs m2) 1,000.6 +0.4

• 1.2

+1.2

• 0.4

+0.2 1,000.9 +0.0 1,000.9 1,000.6

• 2.5

+2.2 +0.5 0.0 +0.3 ths m2 +0.3 ths m2

4Q17 Poland Europe CIS ME 1Q18 4Q17 Reserved Cropp House Mohito Sinsay Outlets 1Q18

SLIDE 35

35

G L O B A L A S P I R A T I O N S

1Q18 revenue growth contributors

PLN m 1Q17 1Q18 YoY LPP GROUP 1,362.3 1,580.4 16.0% Reserved PL 295.9 367.9 24.3% Reserved EX 318.4 359.6 12.9% Cropp PL 93.8 104.1 10.9% Cropp EX 94.7 106.1 12.1% House PL 101.6 107.1 5.4% House EX 56.9 62.7 10.1% Mohito PL 95.2 86.9

• 8.8%

Mohito EX 88.4 75.5

• 14.6%

Sinsay PL 81.4 95.9 17.8% Sinsay EX 30.8 46.2 50.2% E-commerce 54.9 130.9 138.5% Other 50.2 37.5

• 25.3%

PLN m

1,580 1,362 +113 +22 +11

• 21

PLN m

1,580 1,362

+118 +85 +18

• 4

+76

• 13

+30

REV EVENUE GROWTH BY Y REGIONS REV EVENUE GROWTH BY Y BRANDS

1Q17 Poland Europe CIS ME 1Q18

SLIDE 36

36

G L O B A L A S P I R A T I O N S

Impact of closed Sunday stores on revenues

DAY DAYS S OF OF THE WE WEEK K REVE VENUE UE SPLIT IT FEBRU RUAR ARY – SEPTEMBER 2017 2017 DAY DAYS S OF OF THE WE WEEK K SPLIT IT IN 2018 WE WEEKS KS WH WHEN STOR ORES S AR ARE CLOSE OSED ON ON SUNDA UNDAY

In weeks when stores are closed on Sunday, demand shifts to Saturdays. In March 2018, the trade ban was effective for 2 Sundays in Poland, while in April 2018 for 4 Sundays.

18% 11% 11% 12% 13% 15% 20%

Saturday Friday Thursday Wednesday Tuesday Monday Sunday

0% 13% 13% 14% 14% 17% 29%

SLIDE 37

37

G L O B A L A S P I R A T I O N S

Revenue and COGS split

1Q1 Q18 REVE VENUE UES S BY REGIONS (PLN m) 1Q1 Q18 PUR URCHASE SES S BY REGION IONS (PLN m) TOP OP5 REVE VENUE UES S BY COUN OUNTRIE IES S IN 1Q1 Q18 (PLN m)

Pol

• land remains ou
• ur mos
• st

important market.

China 49% Far East 40% Turkey 4% Poland 5% Other 2%

Poland 55% Europe 23% CIS 22% ME 0% 54 59 79 279 867 Germany Ukraine Czech Rep. Russia Poland

SLIDE 38

38

G L O B A L A S P I R A T I O N S

Costs of stores and HQs

• Costs

ts of stores enc ncompas pass costs ts of own n stores (rental tals, pe personnel and nd othe her) ) as well as costs ts of franchis ise stores in n Polan land.

• d. Stores in

n the he Midd ddle le East and nd Bela larus do do no not ha have ve any ny mate terial ial effect t on n SG&A A costs ts.

• Costs

ts of stores  YoY growth th in n 1Q1 Q18 due due to hi higher YoY floorspac pace.

• HQ

Q costs ts  YoY growth h in n 1Q1 Q18 due due to fur urther e-commerce de deve velopment, t, logis istic tics expan pansio ion, hi higher marketi ting costs ts and nd on-li line adv dvertis tising ng.

SG SG&A COS OSTS

(PLN m) +8% YoY +37% YoY 719 821

SG&A COS OSTS

(PLN m)

476 521 537 546 573 581 596 628 620 119 131 125 153 146 163 179 234 200 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Costs of stores HQ 573 620 146 200 1Q17 1Q18 Costs of stores HQ

SLIDE 39

39

G L O B A L A S P I R A T I O N S

1Q18 other operating and net financial lines

OTH OTHER OP OPER ERATING AC ACTIVITY NET ET FI FINANCIAL L AC ACTIVITY

PLN m 1Q17 1Q18

OTHER OPERATING REVENUES 7.8 6.2 Inven ventory y exces ess 3.6 4.6 Gain on sale of assets, , write-ups 4.1 0.2 OTHER OPERATING COSTS 18.2 16.3 Write-offs

• ffs

0.0 1.4 Inven entory losses es 11.9 11.7 Donations and other 3.7 2.4

OTHER OPERATING ACTIVITY

• 10.4
• 10.1

PLN m 1Q17 1Q18

FINANCIAL REVENUES 1.7 17.1 FX gains 0.4 16.2 Interest 1.3 0.9 FINANCIAL COSTS 4.2 2.5 FX losses 0.0 0.0 Interest 3.4 1.6 Fees and charges 0.8 0.9

NET FINANCIAL ACTIVITIES

• 2.5

14.5

Lower othe her ope perati ating revenues due due to lack write te-offs reve versal al in n 1Q1

• Q18. A

A stable leve vel of other ope perati ating ng costs ts. PLN 16 16.2m m of FX gains (1Q1 Q17: : PLN 0.4m gains ins), ), out ut of whi hich PLN 5.4m m of losses on n rubb ubble and nd hr hryvn vna a (1Q1 Q17: : PLN N 5.0m losses), ), PLN N 20m gain ins on n US US$ (1Q1 Q17: : PLN N 16 16.6m gains ins) ) and nd PLN 1.4m gains on n other cur urrencie ies (EUR UR, RON ON, HUF, UF, CZK) K).

SLIDE 40

40

G L O B A L A S P I R A T I O N S

Historical quarterly numbers

PLN m 2Q16 2Q17 3Q16 3Q17 4Q16 4Q17 1Q17 1Q18 YoY Revenues 1,502.4 1,705.4 1,488.4 1,812.8 1,853.4 2,148.9 1,362.3 1,580.4 16.0% Gross profit on sales 749.7 964.4 700.6 888.7 941.7 1,246.3 620.6 712.8 14.9% Gross profit margin 49.9% 56.5% 47.1% 49.0% 50.8% 58.0% 45.6% 45.1%

• 0.5p.p.

SG&A costs 651.7 743.8 662.2 775.0 699.6 861.9 719.2 820.5 14.1% Other operating line

• 11.6
• 13.0
• 33.6
• 10.6
• 43.0
• 7.7
• 10.4
• 10.1

EBIT 86.5 207.6 4.8 103.1 199.1 376.7

• 109.0
• 117.7

N/M EBIT margin 5.8% 12.2% 0.3% 5.7% 10.7% 17.5%

• 8.0%
• 7.4%

0.6p.p. Net financial activity 2.4 1.4

• 8.0

11.2

• 21.7
• 24.9
• 2.5

14.5 Pre-tax profit 88.9 209.0

• 3.2

114.3 177.4 351.9

• 111.5
• 103.2

Tax

• 0.9

35.8 3.2 29.3 20.4 52.3 5.5 1.6 Net income 89.8 173.3

• 6.5

85.1 157.0 299.5

• 117.0
• 104.8

N/M Net income margin 6.0% 10.2%

• 0.4%

4.7% 8.5% 13.9%

• 8.6%
• 6.6%

2.0p.p.

SLIDE 41

41

G L O B A L A S P I R A T I O N S

Cash flows

• Ope

Operat atin ing cash flow  freeing up inventory in the quarter and conversion of receivables into cash (from customers’ credit it cards ds). ).

• Inv

nvesti ting ng cash flow  hi higher YoY cape pex, pur purchas ases and nd rede demptio tions of inve nvestm tment t fun unds ds.

• Finan

nancing ng cash flows  lower us usage of de debt bt due due to strong ope perati ating cash flows.

• PLN 1.4bn

bn in n ope pen credit it lines us used d for lett tters of credits its, gua uaran ante tees and nd overdraf afts ts

1Q1 1Q18 CAS ASH GEN ENERATION

(PLN m)

1Q1 1Q18 CAS ASH FL FLOW OWS

(PLN m) 515

• 103

441 +84

• 15

+112

• 149

+21

• 26
• 93

51

• 106
• 146

115 20

• 85
• 75

1Q17 1Q18 Operating CF Investing CF Financing CF Total CF

SLIDE 42

42

G L O B A L A S P I R A T I O N S

Balance sheet increasingly strong

• YoY growth

th in n fixed assets ts due due to ne netw twork de developm pment t and nd inve nvestm tments ts in n HQs Qs. .

• Hi

Higher YoY intan ntangib ibles les, due due to inve nvestm tments ts in n conc ncept pt stores of five ve br brands ds and nd IT out utlay ays.

• YoY growth

th in n receiva vables due due to sell-off of inve nvent ntory, , but but Qo QoQ de decreas ase.

• YoY inc

ncreas ase in n receiva ivabl bles resul ults from a larger scale ale

• f bus

business, , and nd Qo QoQ de declin ine results ts from the he conve nversio ion of card d transac actio tions made de at the he end nd of the he year ar int nto cash.

• YoY growth

th in n trade liab abil iliti ities, , fall in n sho hort-ter term de debt bt due due to ne new suppl upply y chain hain finan nancin ing po polic icy.

PLN m 31.03.2017 31.12.2017 31.03.2018

Non-current assets

1,874.6 2,036.7 2,043.8

fixed ed assets ts

1,338.0 1,471.9 1,480.1

inta tangibles (inc. goodwill)

334.2 351.2 354.7

Current assets

1,855.9 2,287.1 2,163.8

inven ventory

1,251.4 1,472.5 1,402.9

trade receiva vables

154.8 199.6 175.2

cash and equivalen ents

280.4 514.8 440.9

Total assets

3,730.5 4,323.8 4,207.7

Equity

2,016.4 2,443.4 2,340.4

Long-term liabilities

305.0 320.0 317.9

inter eres est bearing debt

181.8 141.8 128.5

Short-term liabilities

1,409.1 1,560.4 1,549.3

trade liabilities

881.9 1,322.6 1,296.3

inter eres est bearing debt

446.2 56.5 91.2

Total liabilities

3,730.5 4,323.8 4,207.7

SLIDE 43

43

G L O B A L A S P I R A T I O N S

CUSTOMER Women, men and children. YEAR OF LAUNCH 1998 BRAND CONCEPT An anchor brand with a broad customer base and wide range of collections. STORE CONCEPT Lack of dedicated zones allows for a smooth transition between women, men and children areas. Wide, open and transparent storefront coupled with comfortable, large and spacious fitting rooms. MARKETING Advertised by international stars (Cindy Crawford, Kate Moss, Georgia May Jagger, Brooklyn Beckham).

1Q17 1Q18 YoY Numb mber of stores es 455 458 + 3 Floorspace e (ths m2) 510.7 561.0 10% Aver erage e store space (m2 m2) 1,122 1,225 9% Aver erage monthly sales es (PLN/m2 /m2) 411 444 8%

REV EVENUES

(PLN m) 538 666 661 828 614 763 825 957 728 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

SLIDE 44

44

G L O B A L A S P I R A T I O N S

CUSTOMER Teenagers – boys and girls. YEAR OF LAUNCH 2004 BRAND CONCEPT A casual streetwear brand. STORE CONCEPT The shopping space is designed in the form of squat, garage and industrial halls. Stores encompass special relax zones with PlayStation and tablets with WiFi. Shop window displays are equipped with modern multimedia. MARKETING Partner of events for artists and street art.

1Q17 1Q18 YoY Numb mber of stores es 376 377 + 1 Floorspace e (ths m2) 120.1 127.7 6% Aver erage e store space (m2 m2) 319 339 6% Aver erage monthly sales es (PLN/m2 /m2) 525 559 6%

REV EVENUES

(PLN m) 167 232 246 269

189 254 302 320 210 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

SLIDE 45

45

G L O B A L A S P I R A T I O N S

CUSTOMER Teenagers (boys and girls) who like brave fashion choices. YEAR OF LAUNCH 2001 (in LPP’s Group since 4Q08). BRAND CONCEPT Urban fashion brand with folk and vintage elements. STORE CONCEPT The interior of the store is inspired by music instruments and possesses many music and art related details. A fresh look is obtained by usage of wooden elements and glass & metal lamps. MARKETING Participates in multiple artistic events (especially music related). Communication is based on insights and humour.

1Q17 1Q18 YoY Numb mber of stores es 321 332 + 11 Floorspace e (ths m2) 102.9 110.9 8% Aver erage e store space (m2 m2) 321 334 4% Aver erage monthly sales es (PLN/m2 /m2) 512 519 1%

REV EVENUES

(PLN m) 144 189

189 245 159 181 205 261 170 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

SLIDE 46

46

G L O B A L A S P I R A T I O N S

CUSTOMER

Young wome men.

YEAR OF LAUNCH

2008 (in LPP’s Group since 4Q08)

BRAND CONCEPT

A brand that comb mbines es comf mfort and eleg egance for business and informal meeti eetings.

STORE CONCEPT

Concept relates to eleg egance and beauty.

• y. The

e centre e of the e store e is bright and is surrounded by a darke ker envi vironme ment.

MARKETING

Anja Rubik crea eated a limi mited collec ection for AW14/15. Zuzanna Bijoch wa was the e face of AW15/16 collection. Top-model el Anna Jagodzińska advertised ed SS16 collection, while Magdalena Frąckowiak the AW16/17 collec ection. 1Q17 1Q18 YoY Numb mber of stores es 285 291 + 6 Floorspace e (ths m2) 97.8 103.4 6% Aver erage e store space (m2 m2) 343 355 4% Aver erage monthly sales es (PLN/m2 /m2) 622 529

• 15%

REV EVENUES

(PLN m) 150 183 192 211 184

212 200 233 162

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

SLIDE 47

47

G L O B A L A S P I R A T I O N S

CUSTOMER Teenagers – girls only. YEAR OF LAUNCH 2013 BRAND CONCEPT Clothes for every day inspirations and

• riginal party outfits. The brand stands
• ut for original T-shirts with

extraordinary prints. STORE CONCEPT Fresh and edgy interiors yet monochromatic to differentiate from colourful clothes sold. Selling area divided into black and white parts. MARKETING Focus on social media. The brand co-

• perates with young fashion influencers

and models. Last year Karolina Pisarek and Aleksandra Kowalska were the brand’s faces.

1Q17 1Q18 YoY Numb mber of stores es 198 236 + 38 Floorspace e (ths m2) 69.8 85.8 23% Aver erage e store space (m2 m2) 352 364 3% Aver erage monthly sales es (PLN/m2 /m2) 536 563 5%

REV EVENUES

(PLN m) 88 117

120 135 112 149 165 184 142

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

SLIDE 48

48

G L O B A L A S P I R A T I O N S

Glossary

Poland Reta etail sales in Poland and other sales es of LPP SA. CEE Reg egion including: : Czec ech Republic, Slovakia, , Hungary. Baltic Reg egion including: : Lithuania, , Latvia, , Estonia. CIS IS Reg egion including: : Russia, Ukraine, Belarus and from 2018 also Kazakh khstan. SEE Reg egion including: : Bulgaria, , Roma mania, , Croatia, , Ser erbia, , while e from 2018 also Slove venia. WE WE Reg egion including Ger erma many and the e UK. ME ME Reg egion including: : Egyp ypt, , Qatar, , Kuwait, , UAE, , while from m 2018 also Israel el. . Until mid-2017 2017 the e region also encompassed Saudi Arabia. Europe Reg egion including: CEE, , Baltic, , SEE and WE. EBIT ITDA EBIT IT + deprec eciation from cash flow statem emen ent. Aver erage e monthly reven venues es/m /m2 Reve evenues of seg egme ment or brand / aver verage e worki king total floorspace / 3. Aver erage e monthly costs of own stores es/m /m2 Quarterly costs of own stores es / aver erage e worki king floorspace e of own stores es (ie ie. . excluding all franchise stores which repres esent c. . 5.5% of the e working floorspace) ) / 3. Aver erage e monthly SG&A PLN/m /m2 Quarterly SG&A costs/ / aver erage working total floorspace excluding stores es located in ME and Belarus / 3. Inven ventory/ y/ m2 End of period group inven ventory/ y/ total floorspace e without foreign franchise stores es.

SLIDE 49

GDANSK HEADQUATERS

LPP SA

• ul. Łąkowa 39/44

80-769 Gdansk, Poland

• Tel. +48 58 76 96 900

Fax.+48 58 76 96 909 Email: lpp@lppsa.com

CRACOW BRANCH

LPP SA

• ul. Bagrowa 7

30-733 Cracow, Poland

• Tel. +48 12 39 25 000

LOGISTICS CENTRE

LPP SA

• ul. Tczewska 2

83-800 Pruszcz Gdanski, Poland

MEDIA CONTACT

Email: media@lppsa.com

IR CONTACT

Email: LPP.investor.relations@lppsa.com