Slide 1: FY 2013 Audited Consolidated Financial Statements Presentation
OJSC “Company “M.video” FY 2013 Audited Consolidated Financial Statements Presentation Moscow, March 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: FY 2013 Highlights
FY 2013 Highlights FY 2013 sales increased to 175 billion RUB (148 billion RUB without VAT), demonstrating an 11% growth vs. FY 2012, LfL sales increased by 1%. 40 new stores (37 net) added in FY 2013; network reached 333 stores. Net cash position of 11.5 billion RUB. 12m 2013 # of stores and
Slide 4: Key Financial Indicators
Key Financial Indicators In millions of Russian rubles 2013 2012 y-o-y, % Sales (including VAT) 174,690 157,640 10.8% Net revenue 148,042 133,593 10.8% Gross profit 38,360 32,955 16.4% As % of net revenue 25.9 24.7 1.2 Operating expenses* 31,593 27,583 14.5% As % of net revenue 21.3 20.6 0.7 Operati
Slide 5: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights Audited Russian rubles, million 2013 2012 REVENUE 148,042 133,593 COST OF SALES (109,682) (100,638) GROSS PROFIT 38,360 32,955 Selling, general and administrative expenses (33,566) (29,376) Other operating income 2,094 1,925 Other operating expenses (121) (13
Slide 6: Operating Expenses
Operating Expenses Audited as % of as % of Russian rubles, million 2013 revenue 2012 revenue Payroll and related taxes 9,678 6.5% = 8,742 6.5% Lease expenses (net of sublease income) 7,422 5.0% 6,480 4.9% Advertising & promotional expenses 3,942 2.7% = 3,665 2.7% Warehouse services (incl.related lea
Slide 7: EBITDA(R)
EBITDA(R) Russian rubles, million 2013 2012 Net profit for the year 5,729 4,141 Income tax expense 1,151 1,413 Finance income, net (113) (182) Depreciation and amortization of non-current assets 2,633 2,153 EBITDA 9,400 7,525 Rent expense 7,422 6,480 EBITDA(R) 16,822 14,005 As % of net revenue 11.4
Slide 8: Consolidated Statement of Financial Position Summary
Consolidated Statement of Financial Position Summary Audited 31 December 2013 31 December 2012 ASSETS NON-CURRENT ASSETS: Property, plant and equipment 9,696 9,645 Intangible assets 3,190 2,092 Other 3,350 2,864 Total non-current assets 16,236 14,601 CURRENT ASSETS: Inventories 34,215 32,259 Account
Slide 9: Consolidated Statement of Financial Position Summary (continued)
Consolidated Statement of Financial Position Summary (continued) Audited 31 December 2013 31 December 2012 EQUITY AND LIABILITIES EQUITY: Total equity 13,933 10,692 NON-CURRENT LIABILITIES: Total non-current liabilities 83 208 CURRENT LIABILITIES: Trade accounts payable 39,159 35,586 Other payables
Slide 10: Trade Conversion Cycle
Trade Conversion Cycle 2013 Trade conversion cycle, days 2012 Trade conversion cycle, days 120 120 4 3 100 100 80 80 130 129 60 114 60 117 40 40 20 20 0 0 (13) (8) (20) (20) (40) (40) Inventory Accounts Trade accounts Trade Inventory Accounts Trade accounts Trade receivable payable conversion receiv
Slide 11: Consolidated Statement of Cash Flows Summary
Consolidated Statement of Cash Flows Summary 2013 Audited 2012 OPERATING ACTIVITIES: Total comprehensive income for the year 5,729 4,141 Adjustments 4,811 4,840 Operating cash flows before movements in working capital 10,540 8,981 Change in working capital 1,944 (3,469) Cash generated by operations
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