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 ENDED 31 MARCH 2022

(UNAUDITED)

MANAGEMENT REPORT

SUMMARY

  • 1. MANAGEMENT REPORT FOR THE PERIOD ENDED 31 MARCH 2022

  • 2. CONDENSED FINANCIAL STATMENTS FOR THE PERIOD ENDED 31

MARCH 2022 (UNAUDITED)

3. MANAGEMENT BOARD STATEMENT

1

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

MANAGEMENT REPORT FOR THE PERIOD ENDED 31 MARCH 22 (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

2 2

MANAGEMENT REPORT

COMMENT FROM THE MANAGEMENT BOARD

The beginning of the year was marked by growing optimism regarding the season, the plans for which are at the pre-pandemic level, but due to current events in Eastern Europe, we are still looking at the coming period with some uncertainty. The financial results that have been achieved so far indicate that the business is stable, but also hint at the dynamics that is common in the tourism sector, including the nautical sector. Therefore, the preparation for the season is in full swing and we are trying to complete the projects that we have started within the set deadlines. Substantial resources, inthe amount of over HRK 24 million, were invested in the system during the quarter, primarily in infrastructure projects in the marinas Žut and Piškera, Trogir, Milna, and Dubrovnik, making up over 90% of the total amount given.

Of course, extending the duration of concession contract periods as a precondition for further development is still the key issue that the company's management is focused on, and in the coming period we expect this issue to be resolved.

3

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

KEY PERFORMANCE INDICATORS

in thousands of HRK, unaudited

31 March 2022

31 March 2021

Net profit

(5,663)

(7,413)

Operating income

35,019

33,063

EBITDA

10,736

9,477

Net profit margin

-17%

-23%

EBITDA margin

30%

28%

Debt ratio

26%

25%

CAPEX *

24,117

7,528

Boats days

323,086

324,277

Number of employees as at 31 March

340

339

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

Operating income and EBITDA

40.000 35.019

35.000 30.000 25.000 20.000 15.000 10.000 5.000

0

33.063

Operating income

31 March 2022

10.735

31 March 2021

9.477

EBITDA

4 4

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ACI dd published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 09:47:06 UTC.