Annual
report 2020

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PL

Strategy Committee activities

The Committee gives its opinions and recommendations to the Supervisory Board on the strategic plans set out by the Management Board, as well as any further suggestions to strategic plans made by the Supervisory Board, in particular concerning key strategic directions.

Letter from the Chairman of the Strategy Committee

Dear Shareholders,

The year 2020 was a year of unprecedented challenges for the telecom market and for the whole world. It was also a year of accelerated digital transformation for our customers and for our internal operations.

The COVID-19 pandemic has led to an inevitable surge in the use of digital technologies and revealed the importance of telecommunication services, especially fast and reliable Internet connection.

Orange Polska has been investing in its fibre network rollout since 2015 and to date has covered more than 5 million households in 154 Polish cities. The overview of market potential for further development of fibre infrastructure in Poland, and the most value creation opportunities for the Company rollout, were the top priority topics discussed during our three Committee meetings in 2020.

With final year of successful execution of Orange.one strategy a lot of Committee’s attention was also devoted to long-term vision of the Company including sustained impact of the COVID-19 pandemic on future market environment and customer needs.

I want to thank all Committee members and guests for their valuable contribution to the development of the Company’s investment plan and for strategic discussion which has enriched the formulation of Orange Polska’s long-term vision.

Jean-Marc Vignolles
Chairman of the Strategy Committee

Strategy Committee

The Strategy Committee should meet at least twice a year. The Strategy Committee may provide recommendations to the Supervisory Board regarding Management’s planning processes. The Committee is consulted on all strategic projects related to the development of Orange Polska Group, the monitoring of the evolution of industrial partnerships within the Orange Polska Group and projects involving strategic agreements for Orange Polska Group. It then reports and makes recommendations on each of these projects to the Supervisory Board.

In particular, the Committee is invited to consider projects such as:

  • strategic agreements, alliances, and technological and industrial co-operation agreements, including aspects of the strategic partnership between Orange Group and Orange Polska Group;
  • significant acquisitions and sales of assets.

Strategy Committee members in 2020

Jean-Marc Vignolles Chairwoman (Independent Director)
Dr. Henryka Bochniarz (Independent Director)
Thierry Bonhomme since 17 June 2020
Eric Debroeck
Patrice Lambert de
Diesbach
Monika Nachyła (Independent Director)
Dr. Maria Pasło-
Wiśniewska		 (Independent Director)
Gervais Pellissier (until 20 October 2020)

Mr. Maciej Witucki, Chairman of the Supervisory Board, and Mr. John Russell Houlden, Independent Board Member and Chairman of the Audit Committee, participate in the meetings of the Strategy Committee on a permanent basis. Supervisory Board members and Orange Polska Management Board actively participated in the works of the Committee, whenever appropriate.

Issues on the Strategy Committee’s agenda for 2020

Considering the market perspectives for further development of the fibre network in Poland, strong demand for high-speed Internet among customers and significant value-creation potential for the Company, the Committee analysed the concept of continuation of roll-out of FTTH access network in areas devoid of high-speed broadband infrastructure in a dedicated company created in co-operation with an external partner. The FiberCo would operate as an open network granting access to Orange Polska and other retail operators on wholesale terms.

The Committee discussed long-term trends for evolution of the telco environment, including accelerated digitisation in society and business, as well as changes to consumer needs resulting from the COVID-19 pandemic and future macroeconomic conditions. The principal assumptions and directions of the OPL long-term vision were analysed.

Cash perspectives and dividend policy

The Committee reviewed the current financial situation and the most probable cash scenarios for the coming years, considering investors‘ expectations regarding the prospects of further business development of the Group.

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