Fgc Rosseti · RUS:FEES
Fgc Rosseti — FGC UES — H1 2018 Earnings Presentation
10 slides from Fgc Rosseti's earnings presentation, August 2018
Slide 1: 1H2018 IFRS Operational and Financial Results
1H2018 IFRS OPERATIONAL AND FINANCIAL RESULTS August 2018
Slide 2: Key financial figures
Key financial figures Key Events in 1H2018 and after the reporting date Financial performance In the 1st half of 2018, S&P raised the FGC's rating by one notch to Y-o-Y BBB- investment grade, outlook Stable; Moody's changed its outlook of RUB bn 1H2018 1H2017 Change FGC's rating Ba1 from Stable to
Slide 3: Operational Overview
Operational Overview(1) Electricity Transmission Volume bn kWh (for respective period) Transmission Grid Length in Operation(2) bn kWh (for respective period) ‘ths km (end of period) +1.0% 145 +2.2% 143.6 272.0 274.6 140.5 140 135 130 1H2017 1H2018 Substations in Operation(2) Total Transformer Capac
Slide 4: Key Financials
Key Financials Revenues, OpEx(1) Adjusted EBITDA, Profit for the period RUB bn RUB bn +15.7% -1.4% +36.7% -7.4% 117.5 70.2 69.2 101.6 72.3 43.1 39.9 52.9 69.0% 58.9% 1H2017 1H2018 1H2017 1H2018 Revenue OpEx Adjusted EBITDA Adjusted Profit Adjusted EBITDA Margin Debt Position RUB bn Leverage -0.1% -1
Slide 5: Revenue Structure
Revenue Structure Total Revenue, RUB bn Revenue structure +15.7% Y-o-Y RUB bn 1H2018 1H2017 Change 117.5 101.6 Transmission fee 104.9 90.7 15.7% Connection services 0.1 1.7 -94.1% Construction services 4.3 3.8 13.2% Electricity sales 6.0 4.0 50.0% Other revenue 2.2 1.4 57.1% 1H2017 1H2018 Total reve
Slide 6: Operating Cost Structure
Operating Cost Structure(1) % of Total 1H2018 % of Total 1H2017 Y-o-Y Operating RUB bn Operating Costs RUB bn Change Costs Purchased electricity for production needs 18.3 25.3% 7.2 13.6% 154.2% Depreciation of PPE and amortisation of IA 17.0 23.5% 15.7 29.7% 8.3% Personnel Related Expenses 14.0 19.4
Slide 7: Free Cash Flow
Free Cash Flow Free Cash Flow RUB Bn 7,3 0,1 69,2 6,8 62,2 7,6 34,3 20,5 7,4 Adjusted Changes in Revenue from Income Non-cash Operating Capex Interest paid Free cash EBITDA working capital connection services tax paid adjustments cash flow flow Source: Company IFRS financials Note: Definitions for t
Slide 8: Debt Capital Structure
Debt Capital Structure Debt profile as of 31 December 2017 Debt repayment structure, RUB bn(1) Principal amount of debt: RUB 254.3 bn Debt service cost: As of 30 June 2018 – 5.40% As of 30 June 2017 – 6.59% Average debt maturity: 16,7 years 40 40 Debt structure comprised of long-term financi
Slide 9: Glossary
Glossary General • The Unified National Electric Grid – the UNEG • PJSC “Federal Grid Company of Unified Energy System” – Federal Grid Company • PJSC “FGC UES” and its subsidiaries – the Group • PJSC “Russian Grids” – Russian Grids Financial Metrics Adjusted EBITDA is calculated as EBITDA (earning
Slide 10: Investor Relations Contacts
Investor Relations Contacts Egor Toropov Tel.: +7 495 710 9333 ext. 2275 E-mail: toropov-ev@fsk-ees.ru Alexey Novikov Tel.: +7 495 710 9333 ext. 2143 E-mail: novikov-as@fsk-ees.ru