01.10.2010 Corporate presentation - TAURON Polska Energia

Long term Polish GDPgrowth rate forecastGDP growth rate – Poland vs.Other countries in the region(%)Total final consumption percapita (KWh / capita 2007 data)PolandCzechRepublic5,547Slovakia4,5553,357HungaryFinland16,284Sweden14,334Luxembourg13,938Belgium7,807Austria7,0186,701FranceNetherlands6,5266,413Germany6,176Denmark5,938Ireland5,786Spain5,628UK5,216Italy4,932Greece4,623Portugal1Market with high growth potentialPoland’s GDP stays resilient• Poland is the largest economy in the CEE region in terms ofGDP and one of the largest countries by area and populationsize with high projected electricity demand growth• Historically, GDP in Poland has shown strong growth– In 2009, GDP grew by 1.7% 1 , a higher growth rate thanany of the EU countriesElectricity demand in Poland• Poland is Europe’s 6th largest electricity market• Per capita energy consumption is half of Western EuropeanlevelsCEEEU-156420-23.12.61.70.92.5-0.72.8 3.02.61.53.62009201020111.1 1.20.71.020,00015,00010,0005,0003,006 2-4-6-88%Poland6.8%-4.2CzechRepublic-6.3-4.7-7.1-5.0-4.0Hungary Slovakia Romania Germany Euro zone0Source: IEA Electricity Information 20096%4%2%5.0%1.7%2.6%3.1%3.7%3.3%3.6%3.2%• Forecasts of stable GDP growth as well as low level ofelectricity consumption per capita allow to assume that Polishelectricity demand will be growing steadily in future• For example, according to Poland’s Energy Policy until 2030,domestic consumption of electricity is projected to grow by2.3% p.a. through 2030Source:0%2007A 2008A 2009A 2010E 2011E 2012E 2013E 2014E 2015EARE, EIU April 2010, Central Statistical OfficeNotes:1 Interim estimate of Central Statistical Office2 According to ARE, per capita energy consumption in Poland equaled to 3.92MWh in 2009. ARE, however, does not publish comparable data for othercountries13