Slide 1: FY 2014 Audited Consolidated Financial Statements Presentation
OJSC “Company “M.video” FY 2014 Audited Consolidated Financial Statements Presentation Moscow, March 26, 2015.
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 2014 Highlights
FY 2014 Highlights FY 2014 sales increased to 203 billion RUB (172 billion RUB without VAT), demonstrating a 16.3% growth vs. FY 2013. LfL sales increased by 12%. 39 new stores (35 net) added in FY 2014; network reached 368 stores in 158 cities. Net cash position of 26 billion RUB. 12m 2014 #
Slide 4: Key Financial Indicators
Key Financial Indicators In millions of Russian rubles 2014 2013 y-o-y, % Sales (including VAT) 203,181 174,690 16.3% Net revenue 172,187 148,042 16.3% Gross profit 46,600 38,360 21.5% As % of net revenue 27.1 25.9 1.2 Operating expenses* 36,500 31,593 15.5% As % of net revenue 21.2 21.3 (0.1) Opera
Slide 5: Profit or Loss and Other Comprehensive Income Highlights
Consolidated Statement of Profit or Loss and Other Comprehensive Income Highlights Audited Russian rubles, million 2014 2013 REVENUE 172,187 148,042 COST OF SALES (125,587) (109,682) GROSS PROFIT 46,600 38,360 Selling, general and administrative expenses (38,425) (33,566) Other operating income 2,52
Slide 6: Operating Expenses
Operating Expenses as % of Audited as % of Russian rubles, million 2014 revenue 2013 revenue Payroll and related taxes 11,084 6.4% 9,678 6.5% Lease expenses (net of sublease income) 9,693 5.6% 7,422 5% Advertising & promotional expenses 3,923 2.3% 3,942 2.7% Warehouse services (incl.related lease ex
Slide 7: EBITDA(R)
EBITDA(R) Russian rubles, million 2014 2013 Net profit for the year 7,989 5,729 Income tax expense 2,479 1,151 Finance income, net (368) (113) Depreciation, amortization and impairment loss 2,809 2,633 EBITDA 12,909 9,400 Rent expense (net of income from sublease) 9,693 7,422 EBITDA(R) 22,602 16,822
Slide 8: Financial Position Summary
Consolidated Statement of Financial Position Summary Audited Russian rubles, million 31 December 2014 31 December 2013 Restated ASSETS NON-CURRENT ASSETS: Property, plant and equipment 9,935 9,696 Intangible assets 4,310 3,190 Deferred tax assets, net 3,197 2,570 Other non-current assets 636 707 Tot
Slide 9: Financial Position Summary (continued)
Consolidated Statement of Financial Position Summary (continued) Audited Russian rubles, million 31 December 2014 31 December 2013 Restated EQUITY AND LIABILITIES EQUITY: Total equity 13,895 13,933 NON-CURRENT LIABILITIES: Total non-current liabilities 5 10 CURRENT LIABILITIES: Trade accounts payabl
Slide 10: Cash Flows Summary
Consolidated Statement of Cash Flows Summary Audited Russian rubles, million 2014 2013 OPERATING ACTIVITIES: Total comprehensive income for the year 7,989 5,729 Adjustments 5,002 4,055 Operating cash flows before movements in working capital 12,991 9,784 Change in working capital 15,134 2,700 Cash g
Slide 11: 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: Nikolay Surikov Denis Davydov