Luka Koper d d : Report JAN-MAR 2023

2023

NON-AUDITED REPORT OF THE LUKA KOPER GROUP AND LUKA KOPER, D. D., JANUARY - MARCH 2023

Luka Koper Group and Luka Koper, d. d.

1 Introduction

1.1 Introductory note

Compliant with the Market and Financial Instrument Act, Ljubljana Stock Exchange Rules as well as Guidelines and Disclosure for Listed Companies, Luka Koper, d. d., Vojkovo nabrežje 38, 6501 Koper discloses this Non-Audited Report on the performance of Luka Koper Group and Luka Koper, d. d., January - March 2023.

Non-Audited Report on the performance of Luka Koper Group and Luka Koper, d. d., in January - March can be examined at Luka Koper, d. d., Vojkovo nabrežje 38, 6501 Koper and shall be accessible via the company's website www.luka-kp.si,from od May 18, 2023 onwards.

The company promptly publishes any pertinent changes to information contained in the prospectus for stock exchange listing on SEOnet, the electronic information system.

This Non-Audited Report on the performance of Luka Koper Group and Luka Koper, d. d., in January - March 2023 was addressed by the company's Supervisory Board at its regular session on May 18, 2023.

2 Performance highlights of the Luka Koper Group in January - March 2023

In the first quarter of 2023, the Luka Koper Group achieved good business results. Net sales revenue in the amount of EUR 80.1 million was by 10 percent or EUR 7.4 million above the planned. Compared to the same period of the previous year net sales reveneu increased by 13 percent or EUR 9.2 million. Higher reveniue from stuffing and unstuffing of containers andto the greatest extent, revenues from stoeage revenues, as a result of higher cost of services in the first quarter of 2023 in comparison with the same period last year. Earnings before interest and taxes (EBIT) in the first quarter of 2023 amounted to EUR 19.6 million and was at least one percent lower than the achieved in the first quarter of the previous year by one percent or EUR 0.2 million. With the higher net sales revenue achieved, the growth in operating costs had a minimal impact on the achieved earnings before interest and taxes (EBIT). The achieved net profit in the first quarter of 2023 in the amount of EUR 16.5 million was at the level of achieved net profit in the first quarter of the previous year. Compared to the previous year, higher throughput was achieved in both strategic commodities groups containers (in TEU) and cars (in units), but despite this, total maritime throughput was slightly lower than the planned quantities and lower than the achieved throughput in the first quarter of 2022. In March 2023, a new monthly record of martitime containers throughput was achieved, namely 105.744 container units TEU were transhipped, and a new monthly record of car maritime throughput of 87.533 vehicles.

The Russian -Ukrainian conflict continues even in 2023. The direct exposure of the Luka Koper Group towards Rusia and Ukraine is otherwise relatively small, since the volume of throughput via the Port of Koper, destined to the Russian and Ukrainina markets, is negigible. Notwithstanding, the Management Board regularttly monitors the market conditions and responds to ensure the smooth operations of the Luka Koper Group. On the energy markets, however, the uncertainity regarding the supply of energy products and price movements decreased slightly, and the prospects for economic growth also improved accordingly. Otherwise, the situation in logistics at the global level is still complex. Irregular arrivals of ships continue both on direct connections with the Far East and with ports in Mediterranean. However, the first quarter of 2023 was marked by growth in vehicle sales both globally and at the European level. The sale of electric vehicles is visibly increasing.

The Luka Koper Group continues to implement major investments at the container terminal and car terminal, which represent a new development cycle of these most important strategic commodities groups.