Pokl ad y mo zliwos ci 70 St r ate gy in pr actice Sel e cte d k e y op e r at i ng i ni tiativ e s 2 I ncr e a se t he e f f ici e nc y o f t he KGH M G r o up t hr o ugh inn o v a t io n E nsu r e lo ng t e r m f in a n cia l st a bility a n d t he de v e lo pm e nt o f m e cha nism s supp o r t ing f ur t he r de v e lo pm e nt I n c r e a s e e x p e n d i t u r e s on i n n ova t i on a n d R D wor k t o t h e l e ve l of 1 of K G H M Pol s k a M i e d z S A s r e ve n u e s b y 2023 B a s i n g of t h e G r ou p s f i n a n c i n g on l ong t e r m i n s t r u me n t s Sh or t e r c a s h c on ve r s i on c y c l e Le ve l of f u n d s f or R D a n d i n n ova t i on i n t h e y e a r s 2019 2 0 2 3 t o me e t t h e c h a l l e n g e s f a c e d b y K G H M Pol s k a M i e d z S A i n t h e C or e B u s i n e s s E f f i c i e n t ma n a g e me n t of ma r k e t a n d c r e d i t r i s k b y t h e K G H M G r ou p E n s u r e t h a t a l l of t h e i n n ova t i on p r oj e c t s a r e r e a l i s e d p u r s u a n t t o t h e r u l e s of a c oh e r e n t mod e l of i n n ova t i on ma n a g e me n t a n d r e s e a r c h a n d d e ve l op me n t wor k R D i n t h e K G H M G r ou p i n t h e y e a r s 2 0 1 9 2023 A R E A MA I N T A RG E T S ELECTED EF F ECTIV EN ES S MEAS URES