Adriatic Croatia International Club za djelatnost marina d d : Interim financial report for period January – June 2021 (Unaudited)

Address: Rudolfa Strohala 2

Ordinary shares: ISIN HRACI0RA0000

Economic activity: R 9329

Market: Regular market

LEI:7478000090X86WBQ6C10

Home member state: Croatia

ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.

INTERIM FINANCIAL REPORT

FOR PERIOD JANUARY - JUNE

2021 (UNAUDITED)

INTERIM FINANCIAL REPORT

SUMMARY

1. MANAGEMENT REPORT FOR THE PERIOD ENDED 30 JUNE 2021
2. CONDENSED FINANCIAL STATMENTS FOR THE PERIOD ENDED

1. JUNE 2021 (UNAUDITED)

1. MANAGEMENT BOARD STATEMENT

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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.

MANAGEMENT REPORT FOR THE PERIOD ENDED 30 JUNE 21 (unaudited)

Key performance indicators

Description of the most important risks and uncertainties

Significant events in the reporting period

Sales revenue trends

Profitability trends

Financial performance indicators

Market capitalization

Ownership structure

Future development of the Company

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INTERIM FINANCIAL REPORT

COMMENT FROM THE PRESIDENT OF THE

MANAGEMENT BOARD

Compared to the same period last year, we can say that the start of the season was much more dynamic, looking primarily at the realized physical and financial indicators of the daily berth.

Vaccination, defined rules of movement and protective measures, on the one hand, and the need or desire to travel, on the other, have formed the basis for the optimism with which we look at the coming season through the quarter ahead.

Most of the preparatory work for the season has been done; some of the big investments will continue after the summer, and there are plans for activities that will expand the range of services ACI provides. Korčula, Vodice, Skradin and Opatija are marinas where big investments were realised before the start of the season, while the completion of works on Korčula,

and the investing activities in Trogir, Žut and Piškera, as well as Milna and Rab, are planned for the period following the season.

In conclusion, providing the appropriate measures are adhered to, we believe in significant improvement of this season's financial results, which will form the basis for additional investments and the expansion of the Company's activities.

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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.

KEY PERFORMANCE INDICATORS

	in thousands of HRK, unaudited
	30 June 2021	30 June 2020
	Net loss		(4,640)			(13,489)
	Operating income	81,613		69,577
	EBITDA	29,166		21,403
	Net profit margin	(6%)		(19%)
	EBITDA margin	35%		29%
	Debt ratio	29%		30%
	CAPEX *	19,796		28,530
	Boats days	674,023		662,075
	Number of employees as at 30 June	370	345

* Right-of-use assets - lease and advance payments for tangible assets are not included

Operating income and EBITDA

90.00081.613

80.000

70.000

60.000

50.000

40.000

69.577

30.000		29.166
	21.403
20.000
10.000
0
Operating income	EBITDA
	31 June 2021	31 June 2020

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