Summary of the first half of 2023 at the TIM Capital Group

1. 1. O nas 2. Rynki działalności 3. Wyniki finansowe 4. 3LP S.A 5. Kluczowe aktywności
Results Summary
For the first 6 months of 2023
Wrocław | 21.09.2023

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

3. About us

4. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
76%
24%
Distribution Activities
Logistics Services
TIM Group in brief
• Waiting for the consent of UOKiK (Office of
Competition and Consumer Protection) for
the acquisition of control by the Würth Group
• Good financial results, stable cash flow
and negative net interest debt.
• Leader in e-commerce B2B in Poland
• Strategic development projects under the
new strategy in progress
• Continuation of the fulfillment of the development strategy
• Dynamically growing player on the e-commerce market
• Investments in the expansion of 3LP space rapidly increasing
the scale of business
• Operational competencies and infrastructure specialized in
logistics services for the e-commerce sector
EBITDA LTM TIM Group
by business lines:
4
• Investment in warehouse automation dedicated to the
• e-commerce sector

5. Financial Results
for TIM Group

6. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
Unit Revenue
3LP – logistics
Unit RevenueTIM
6
Selected financial results for TIM Group
Individual Data *: Consolidated Data GK TIM*:
1 484 mln
PLN
Sales Revenue:
121 mln PLN
EBITDA:
75 mln PLN
Net Profit:
694 mln
PLN
Total Assets*:
* Data as of the close of the business day
30.06.2023
1 419 mln
PLN
166 mln PLN
92 mln PLN
TIM Unit EBITDA
29 mln PLN
Unit EBITDA
3LP – logistics
TIM S.A. -
TIM S.A. – the parent
company of 3:P SA, listed
on the WSE
Capital
Group

7. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
719,2
830,3
890,0
976,4
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
• 5% decrease y/y. revenues in the first half of 2023, resulting from a very
high base in the first half of 2022 and a slowdown in construction
• Twofold increase in turnover in 2017-2022 confirms the
Group's development ambitions
Revenue from 2017 to 2023 (mln PLN) & their mid-year growth
Sales Revenue (mln PLN)
7
+16%
TIM Group – Revenues under pressure from macro conditions
493,7
602,3
772,4
732,8
150,0
250,0
350,0
450,0
550,0
650,0
750,0
850,0
Mid-Year 2020 Mid-Year 2021 Mid-Year 2022 Mid-Year 2023

8. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
8
TIM Group – profitability EBITDA & Net Profit
19,2
55,7
80,7
38,7
10,8
11,3
11,8
14,6
6,1%
11,1%
12,0%
7,3%
0%
2%
4%
6%
8%
10%
12%
-
20,0
40,0
60,0
80,0
100,0
120,0
140,0
160,0
1st mid-year 2020 1st mid-year 2021 1st mid-year 2022 1st mid-year 2023
EBITDA Amortization Profitability
30
9,4
43,0
60,3
32,9
1,9%
7,1%
7,8%
4,5%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
-
20,0
40,0
60,0
80,0
100,0
1st mid-year 2020 1st mid-year 2021 1st mid-year 2022 1st mid-year 2023
Net Profit Profitibility
• Deterioration of profitability of the Group's operations due to the difficult macroeconomic environment and the costs of scaling 3LP's
operations
EBITDA (mln PLN) Net Profit(mln PLN)
92,5
-45%
67
53,3
-42%

9. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
Cash
January 1, 2023
Profit (loss) prior to
taxation)
Borrowing/repaynt
of credits, loans
and liabilities
under Lease
Payment of
Interest
Cash resources
June 20 2023.
Cash flows
from
investment
activities
Change in
working capital
Other cash flows
from operating
activities
9
Other
inflows/financial
influences
(buy back)
TIM Group – cash flow

10. Financial Results
for TIM SA

11. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
11
• Sales to new customers account for nearly 11% of total sales since the third quarter. 2022 to Q2 2023
• Growing sales to new customers is a significant competitive advantage
TIM S.A. – Sales to new clients*
* A client with whom cooperation has started as of 01,07,2021
4,9
11,8
18,5 19,6
26,8
33,8
42,5
50,2
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
2021 2022 2023
54,8 mln PLN
3,9% revenue from 4 quarters
153,3 mln PLN
10,8% revenue from 4 quarters.
III quarter IV quarter I quarter. II quarter III quarter IV quarter I quarter II quarter

12. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
* Client purchasing over 1,5 thousand. PLN monthly in the last 12 months.
TIM S.A. – impact of customer structure on profitability
• End of II quarter 2023 number of key clients* amounted to
23 445, increased by 14,7% rdr.
Revenue by customer segment Gross Margin on Sales (mln PLN)
• The decline in demand and the increase in price sensitivity of
customers limit the possibility of generating high margins on
sales
12
43,7%
35,4%
9,1%
8,6%
1,5%
1,0%
0,7%
43,9%
36,7%
8,9%
8,2%
1,0%
1,0%
0,3%
Installer
Sales person /
wholesaler
Production of OEM
Maintaining traffic /
restorer
prefabricator of
switchgears
Consumer
Non-industry B2B
1st mid-year 2023 1st mid-year 2022
80,1
121,5
167,6
140,0
0
50
100
150
200
2020 H1 2021 H1 2022 H1 2023 H1
-16,4%
1st mdi-year
2020
1st mid-year
2021.
1st mid-year
2022
1st mid-year
2023

13. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
13
TIM S.A. – Efficiency of the e-commerce segment
Number of users & sessions Sales of e-commerce (mln PLN)
Increase in the number of transactions from
mobile channels
+23%
Increase in the average number of individuals
browsing the site per session
+32%
Increase in conversion rate value
+11,7%
1
241
198
4
225
632
1
432
456
5
411
144
1
377
112
5
329
079
1
082
811
4
904
382
0
1 000 000
2 000 000
3 000 000
4 000 000
5 000 000
6 000 000
Number of Users Number of sessions
1st mid-year 2020 1st mid-year 2021
309,1
403,5
512,4
472,7
1st mid-year 2020 1st mid-year 2021 1st mid-year 2022 1st mid-year 2023

14. Tender offer for the sale of TIM shares

15. 1. About us 2. Financial Results for TIM Group 3. Financial Results for TIM SA 4. Tender offer for the sale of TIM shares
+34,1%
ibonus 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%
premiums in relation to
3-month volume-weighted
average price of the
Company preceding the
date of announcement of
intentions
Meeting request
+7,8%
premiums in relation to
6-month volume-
weighted average price of
the Company's shares
preceding the date of
announcement of the
intention of the Tender
Offer
+93,8%
premium to the last closing
price prior to the
Company's announcement
of a review of strategic
options on August 22, 2022
▪ On September 21, 2023, the second tender offer for 100% of shares in TIM S.A. was announced by
FEGA & Schmitt Elektrogroßhandel GmbH, part of the Würth Group.
▪ Subscriptions in the Tender Offer will be accepted by brokerage houses as of September 28 to
October 27, 2023
▪ The price offered in the Tender Offer is PLN 50.69 per 1 share, which means:
Tender Offer for the sale of TIM S.A. (1) shares
15

16. 1. About us 2. Financial Results for TIM Group 3. Financial Results for 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)
16

17. By reading the contents of this Presentation ("Presentation") or by attending the meeting at which the Presentation is presented or discussed, you shall be deemed to have accepted the
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. 17
Legal Disclaimer:

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