Slide 1: H1 2014 Condensed Consolidated Financial Information Presentation
OJSC “Company “M.video” H1 2014 Condensed Consolidated Financial Information Presentation Moscow, August 27, 2014.
Slide 2: Content and liability disclaimer
Content and liability disclaimer The information contained in this presentation or enclosed herewith is provided and intended for informational purposes only and should not be relied on for any investment decisions. The information provided in the presentation includes assumptions and financial info
Slide 3: H1 2014 Highlights
H1 2014 Highlights H1 2014 revenue amounted to 81 billion RUB (68.6 billion RUB without VAT), demonstrating a 3.2% increase vs. H1 2013. H1 2014 Internet based sales grew by 91% to 6.4 billion RUB (with VAT) 16 new stores (14 net) added in H1 2014; network reached 347 stores. Net cash positi
Slide 4: Key Financial Indicators
Key Financial Indicators In millions of Russian rubles H1 2014 H1 2013 y-o-y, % Sales (with VAT) 80,975 78,486 3.2% Net revenue 68,623 66,514 3.2% Gross profit 17,389 16,732 3.9% As % of net revenue 25.3 25.2 0.1% Operating expenses* 16,078 15,039 6.9% As % of net revenue 23.4 22.6 0.8% Operating pr
Slide 5: Key Financial Indicators (adjusted)
Key Financial Indicators (as adjusted for loyalty points breakage of 536 mln RUB in H1 2013) In millions of Russian rubles H1 2014 H1 2013 (adj)* y-o-y, % Sales (with VAT) 80,975 77,854 4% Net revenue 68,623 65,978 4% Gross profit 17,389 16,196 7.4% As % of net revenue 25.3 24.5 0.8% Operating expen
Slide 6: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights Russian rubles, million H1 2014 H1 2013 REVENUE 68,623 66,514 COST OF SALES (51,234) (49,782) GROSS PROFIT 17,389 16,732 Selling, general and administrative expenses (17,128) (16,009) Other operating income 1,137 1,011 Other operating expenses (87) (41) OPERA
Slide 7: Operating Expenses
Operating Expenses Russian rubles, million H1 2014 as % of H1 2013 as % of revenue revenue Payroll and related taxes 5,137 7.5% 4,839 7.3% Lease expenses , net 4,006 5.8% 3,502 5.3% Advertising & promotional expenses , net 1,863 2.7% 1,849 2.8% Warehouse services 1,070 1.6% 987 1.5% Utilities expens
Slide 8: EBITDA(R)
EBITDA(R) Russian rubles, million H1 2014 H1 2013 Net profit for the period 1,122 1,296 Income tax expense 337 441 Finance income, net (148) (44) Depreciation and amortization 1,385 1,238 EBITDA 2,696 2,931 Rent expense 4,006 3,502 EBITDAR 6,702 6,433 As % of net revenue 9.8 9.4 EBITDA(R) - Earnings
Slide 9: Consolidated Balance Sheet Summary
Consolidated Balance Sheet Summary Russian rubles, million 30 June 2014 31 Dec 2013 NON-CURRENT ASSETS: Property, plant and equipment 9,346 9,696 Intangible assets 3,632 3,190 Other 3,509 3,350 Total non-current assets 16,487 16,236 CURRENT ASSETS: Inventories 28,726 34,215 Accounts receivable and p
Slide 10: Consolidated Balance Sheet Summary (continued)
Consolidated Balance Sheet Summary (continued) Russian rubles, million 30 June 2014 31 Dec 2013 EQUITY: Total equity 11,475 13,933 NON-CURRENT LIABILITIES: Deferred tax liabilities 73 73 Provisions 7 10 Total non-current liabilities 80 83 CURRENT LIABILITIES: Trade accounts payable 25,622 39,159 Oth
Slide 11: Consolidated Cash Flow Statement Summary
Consolidated Cash Flow Statement Summary Russian rubles, million H1 2014 H1 2013 OPERATING ACTIVITIES: Total comprehensive income for the period 1,122 1,296 Adjustments 2,213 2,319 Operating cash flows before movements in working capital 3,335 3,615 Change in working capital (9,065) (4,797) Cash use
Slide 12: OJSC Company M.video contact details
OJSC “Company “M.video” Nizhnaya Krasnoselskaya Str., 40/12 Moscow 107066 Russia Tel: +7 495 644 28 48, ext. 7064 E-mail: ir@mvideo.ru Official web-site: invest.mvideo.ru Official ticker: MVID RU Exchange: Moscow Exchange For investor relations purposes, please contact: Christopher Parks Denis Davyd