Luka Koper d d : Annual and sustainability report 2022

ANNUAL REPORT

LUKA KOPER GROUP AND LUKA KOPER, D. D.

The report does not meet the requirements of the transparency directive and is not considered compliant with the ESEF regulation

I	LUKA KOPER ANNUAL REPORT 2022

Luka Koper continues to strengthen its role in the global logistics chain and, with its outstanding business results, accelerates the economic pulse and development of the Coastal-Karst region and Slovenia in general.

The landmark year 2022, with one million container units handled in a single year, confirmed the correctness of our long-term orientation towards container traffic growth.

Exceeding 800,000 vehicles handled through the shortest route to their destination consolidates our position as one of the Mediterra- nean's leading ports and heralds a decade of remarkable results.

Our first commitment to our business and continued excellence remains consistent green logistics, sustainable development, and a sincere concern for our environment.

Luka Koper

Statement of Management's Responsibility

The Management Board of Luka Koper, d. d. is responsible for the preparation of the Annual Report hereof, including the financial statements and notes thereto, that give a true and fair view of the financial position of Luka Koper, d. d. and the Luka Koper Group as of 31 December 2022 and of their financial performance for the year then ended.

The Management Board confirms that the Annual Report for the Luka Koper Group and Luka Koper, d. d. for 2022 with all its component parts: Management Report, Sustainability Report, Accounting Report, including the Corporate Governance Statement, has been devised and published pursuant to the legislation in force and International Financial Reporting Standards.

The Management Board confirms that accounting policies were consistently applied and that the accounting judgements were made under the principle of prudence and due diligence of a good manager.

The Management Board further confirms that the financial statements of the Company and the Group have been compiled under the assumption of a going concern of the parent and its subsidiaries and in accordance with the applicable legislation and International Financial Reporting Standards as adopted by the EU.

The Tax Authorities may, at any time within a period of 5 years after the end of the year for which tax assessment was due, carry out an audit of the Company operations, which may lead to assessment of additional tax liabilities, default interest, and penalties with regards to corporate income tax or other taxes and duties. The Management Board is not aware of any circumstances that could give rise to any significant liability on this account.

The Management Board is responsible for adopting measures to secure the assets of Luka Koper, d. d. and the Luka Koper Group, and to prevent and detect fraud and other irregularities and/or illegal acts.

Members of the Management Board:

Boštjan Napast

President of the

Nevenka Kržan

Member of the Management Board

Vojko Rotar

Member of the Management

Koper, 28 March 2023

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LUKA KOPER ANNUAL REPORT 2022

Contents

1	BUSINESS REPORT	3
1	Business performance highlights of the Luka Koper Group in 2022	4
2	Letter of the President of the Management Board	18
3	Report of the Supervisory Board for 2022	21
4	Corporate Governance Statement	26
5	Survey of relevant events, novelties and achievements in 2022	47
6	Relevant events after the end of the financial year	50
7	Presentation of the Luka Koper Group and a description of the business model	51
8	Business development strategy	57
9	Economic environment and market position	62
10	Performance of the Luka Koper Group in 2022	64
11	Investments in non-financial assets	72
12	European projects	74
13	A look ahead	76
14	Managing risks and opportunities	80
15	The LKPG Share	87

2	SUSTAINABILITY REPORT	92
16	On the Sustainability Report	93
17	The process of determining the material topics	96
18	Luka Koper and sustainable development guidelines	102
19	Corporate integrity, human rights, prevention of corruption and compliance	106
20	Safe and healthy port environment	114
21	Care for employees	124
22	Long-term sustainability of the natural environment	139
23	Social environment	220
24	Sustainable relationship with suppliers	223
25	Sustainable relationship with customers	226
26	GRI content index (according to 2021 standards)	227

3	FINANCIAL STATEMENTS	238
27	Financial statements of Luka Koper, d. d. and Luka Koper Group	239
28	Notes to Financial Statements	245
29	Summary of significant accounting policies and disclosures	248
30	Additional Notes to the Income Statement	262
31	Additional Notes to the Statement of Financial Position	270
32	Statement of Accumulated Profit	320
33	Relevant events after the end of the financial year	321
34	Independent Auditor's Report	322

◀ CONTENTS

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LUKA KOPER ANNUAL REPORT 2022

BUSINESS REPORT