Fgc Rosseti · RUS:FEES
Fgc Rosseti — PJSC FGC UES (Rosseti FGC UES) — FY2020 Earnings Presentation
9 slides from Fgc Rosseti's earnings presentation, Jun 1, 2021
Slide 1: IFRS Consolidated Financial Results of PJSC FGC UES for 2020
IFRS CONSOLIDATED FINANCIAL RESULTS OF PJSC FGC UES FOR 2020 WWW.FSK-EES.RU
Slide 2: Operating Highlights
OPERATING HIGHLIGHTS Electricity supply from UNEG to consumers, bln kWh (for the period) Transmission Grid Length in Operation1, thousand km end of period) -4.1% +0.7% 558.7 535.7 148 149 2019 2020 2019 2020 Substations in operation1, units (end of period) Total transformer capacity3, GVA (end of pe
Slide 3: Financial Results
FINANCIAL RESULTS Revenue and operating costs, RUB bln EBITDA adj.1, net profit adj., RUB bln -2.3% -4.9% -15.6% 249.6 +3.1% 237.3 136.2 133 155.3 160.1 82.2 69.4 2019 2020 2019 2020 Revenue Operating expenses EBITDA adj. Net profit adj. Total debt and net debt, RUB bln Net cash flows from operating
Slide 4: Key Events
KEY EVENTS 1Q2020 • Bonds of RUB 10 billion were placed with a coupon rate of 6.75%, term to offer - 10 years; 2Q2020 • The annual General Meeting of Shareholders resolved to delegate the powers vested in the Company’s sole executive body to the Managing Company of PJSC ROSSETI; • bonds of RUB 10 bi
Slide 5: Revenue Structure
REVENUE STRUCTURE Change Структура выручки 2020 2020 2019 Indicator RUB bln RUB bln RUB bln. % Total revenue, including: 237.3 249.6 (12.3) (4.9) 1% 2% 2% 1% Transmission fee Transmission fee 221.8 222.4 (0.6) (0.3) Construction services Connection services 5.7 17.2 (11.5) (66.9) Electricity sales C
Slide 6: Operating Cost Structure
OPERATING COST STRUCTURE 2020 2019 Change Indicator RUB bln. RUB bln. RUB bln. % Amortization 41.0 37.9 3.1 8.2 Purchased electricity for production needs 36.8 37.7 (0.9) (2.4) Taxes and duties 13.6 13.4 0.2 1.5 Electricity transit 2.6 1.8 0.8 44.4 Other operating expenses 63.2 61.2 2.0 3.3 Operatin
Slide 7: EBITDA and Profit for the Period
EBITDA AND PROFIT FOR THE PERIOD EBITDA (adj.) RUB bln. -0.8 -1.4 -0.3 -0.7 • Feasibility study of power grids + RUB 136.2 • 0.4 bln Construction services – RUB 1.2 bln • Property tax + RUB 0.4 bln Decreased income from penalties • Electricity losses and transit - RUB 0.1 Decrease in income for tech
Slide 8: Debt Profile
DEBT PROFILE Debt Profile as of 31 December 2020 График погашения задолженности, млрд руб. Principal amount of debt: RUB 227,1 billion Cost of deb: as of 31 December 2020 – 5.8% as of 31 December 2019– 6.1% Average debt maturity: more than 17 years 40 40 Debt structure comprised of long-term financi
Slide 9: Glossary
GLOSSARY General UNEG – the Unified National Electric Grid PJSC “FGC UES” - ROSSETI FGC UES PJSC “FGC UES” and its subsidiaries - the Group PJSC “ROSSETI” - ROSSETI Financial metrics Adjusted EBITDA calculated as EBITDA (profit for the period before income tax, financial income and expenses, depreci
PJSC FGC UES (Rosseti FGC UES) — FY2020 Earnings Presentation on 6ix