Ovk · RUS:UWGN
Ovk — United Wagon Company — H1 2017 Earnings Presentation
14 slides from Ovk's earnings presentation, Aug 29, 2017
Slide 1: Research and production corporation United Wagon Company: Financial Results for 1H 2017
Research and production corporation «United Wagon Company» Financial Results for 1H 2017 29 August 2017
Slide 2: UWC's Financial Results: Revenue
UWC’s Financial Results: Revenue1 2 Revenue The revenue growth in 1H 2017 versus 1H 2016 was due to the following factors: +61% Production and sales volumes increased Prices for railcars and lease rates went up 30.6 5.2 thousand railcars were sold from the company’s fleet. The 28.8 revenue received
Slide 3: UWC's Financial Results: EBITDA
UWC’s Financial Results: EBITDA 3 EBITDA The year-over-year EBITDA growth was due to increases in the revenue from the sales and lease of +60% railcars. Besides, EBITDA resulting from the sale of 5.2 thousand standard railcars from the company's fleet 9.1 was RUB 1.1 bln (shown in adjustments and el
Slide 4: UWC's Financial Results: Net Profit/Loss
UWC’s Financial Results: Net Profit/Loss 4 Net profit/loss1 In the reporting period UWC incurred a loss of profit compared with the profit of 2H 2016 caused 2.6 by the following key factors: Smaller subsidies were allocated RUB bln Vostok1520’s performance, which was sold in late 2016, was excluded
Slide 5: Production Segment Financial Results
Production Segment Financial Results 5 Revenue The revenue growth in the Production Segement versus 1H 2016 was due to the following factors: +66% Railcar production and sales volumes increased Selling prices grew 27.9 25.7 RUB bln 15.5 1H 2016 2H 2016 1H 2017 EBITDA Both EBITDA and marginality grew
Slide 6: Distribution Segment Financial Results
Distribution Segment Financial Results 6 Revenue Revenue in the operating lease Distribution Segment grew due to: +38% Increasing average size of UWC’s own fleet 3.2 Growing lease rates 2.9 RUB bln 2.4 1H 2016 2H 2016 1H 2017 EBITDA EBITDA growth was spurred by rising lease rates and widening gap be
Slide 7: UWC's Capital Expenditures
UWC’s Capital Expenditures1 7 Structure and dynamics of capital expenditures 2,3 In 2017, most projects aiming to diversify product lines and boost operation efficiency will be completed, and from the start of 2018 the larger part of investments will constitute supporting 7.1 investments 0.3 Foreign
Slide 8: UWC's Debt Portfolio
UWC’s Debt Portfolio 8 Debt portfolio structure Steps to optimize debt load By lender By segments In 1H 2016, upon the resolution passed by bond holders, the maturity of “UWC Finance” LLC’s 01 Series Otkritie bonds for a total amount of RUB 15 bln was shifted forward from 2016 to 2021 Alfa Bank 27%
Slide 9: Contents: Attachment
Contents 9 Attachment Financial Statements
Slide 10: UWC's Profit and Loss Statement
UWC’s Profit and Loss Statement 10 RUB thousand 1H 2016 1H 2017 Revenue 17,953,510 28,834,468 Cost of production incl. (15,461,586) (23,219,582) Raw materials used in production (9,991,968) (9,373,568) Cost of production of railcars sold under the old fleet substitution policies - (7,519,085) D&A (2
Slide 11: UWC's Balance Sheet 1/2
UWC’s Balance Sheet 1/2 11 RUB thousand 1H 2016 1H 2017 ASSETS Non-Current Assets Property, plant and equipment 83,629,661 82,754,284 Advances for acquisition of property, plant and equipment 894,609 488,340 Intangible assets 5,853,020 6,159,302 Goodwill 8,041,720 8,041,720 Deferred tax assets 3,687
Slide 12: UWC's Balance Sheet 2/2
UWC’s Balance Sheet 2/2 12 RUB thousand 1H 2016 1H 2017 EQUITY AND LIABILITIES Share capital issued 113,424 115,997 Additional paid-in capital 21,168 572 22,984,777 Provision for revaluation of property, plant and equipment 9,192,862 9,192,862 Accumulated loss (14,076,340) (16,207,118) Total equity
Slide 13: UWC's Statement of Cash Flows
UWC’s Statement of Cash Flows 13 RUB thousand 1H 2016 1H 2017 Operating activities Profit/(loss) for the year (1,994,602) (2,130,778) Income tax expenses 351,511 818,959 Amortization 2,298,887 2,578,871 Net financial expenses/(income) 5,000,000 5,829,677 Other (895,977) (1,178,319) Changes in workin
Slide 14: Contacts
Contacts 14 Investor Relations +7 (499) 999 15 20 IR@uniwagon.com http://www.uniwagon.com/ Research and Production Corporation “United Wagon Company” 7/11 bld. 1, Novokuznetskaya st., Moscow, Russia, 115184 Office: +7 (499) 999 15 20 Fax.: +7 (985) 999 15 21