Slide 1: H1 2013 Condensed Consolidated Financial Information Presentation
OJSC “Company “M.video” H1 2013 Condensed Consolidated Financial Information Presentation Moscow, August 28, 2013.
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: H1 2013 Highlights
H1 2013 Highlights H1 2013 sales amounted to 78.5 billion RUB (66.5 billion RUB without VAT), demonstrating a 13.5% increase vs. H1 2012, LfL sales increased 2.5%. H1 2013 Internet sales grew by 62.4% to 2.9 billion RUB (with VAT) 18 new stores (16 net) added in H1 2013; network reached 312 st
Slide 4: Key Financial Indicators
Key Financial Indicators In millions of Russian rubles H1 2013 H1 2012 y-o-y, % Sales (with VAT) 78,486 69,140 13.5% Net revenue 66,514 58,593 13.5% Gross profit 16,732 14,434 16% As % of net revenue 25.2 24.6 0.6% Operating expenses* 15,039 12,926 16% As % of net revenue 22.6 22.1 0.5% Operating pr
Slide 5: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights Russian rubles, million H1 2013 H1 2012 REVENUE 66,514 58,593 COST OF SALES (49,782) (44,159) GROSS PROFIT 16,732 14,434 Selling, general and administrative expenses (16,009) (13,693) Other operating income 1,011 819 Other operating expenses (41) (52) OPERATI
Slide 6: Operating Expenses
Operating Expenses Russian rubles, million H1 2013 as % of H1 2012 as % of revenue revenue Payroll and related taxes 4,839 7.3% 4,197 7.2% Lease expenses 3,502 5.3% 3,030 5.2% Advertising & promotional expenses 1,849 2.8% = 1,618 2.8% Warehouse services 987 1.5% 749 1.3% Utilities expense 756 1.1% =
Slide 7: EBITDA(R)
EBITDA(R) Russian rubles, million H1 2013 H1 2012 Net profit for the period 1,296 1,208 Income tax expense 441 476 Finance income, net (44) (176) Depreciation and amortization 1,238 1,009 EBITDA 2,931 2,517 Rent expense 3,502 3,030 EBITDAR 6,433 5,547 As % of net revenue 9.7 9.5 EBITDA(R) - Earnings
Slide 8: Consolidated Balance Sheet Summary
Consolidated Balance Sheet Summary Russian rubles, million 30 June 2013 31 Dec 2012 NON-CURRENT ASSETS: Property, plant and equipment 9,747 9,645 Other 5,029 4,956 Total non-current assets 14,776 14,601 CURRENT ASSETS: Inventories 26,869 32,259 Accounts receivable and prepaid expenses 1,165 1,557 In
Slide 9: Consolidated Balance Sheet Summary (continued)
Consolidated Balance Sheet Summary (continued) Russian rubles, million 30 June 2013 31 Dec 2012 EQUITY: Total equity 11,946 10,692 NON-CURRENT LIABILITIES: Deferred tax liabilities 180 180 Provisions 15 28 Total non-current liabilities 195 208 CURRENT LIABILITIES: Trade accounts payable 25,498 35,58
Slide 10: Trade Conversion Cycle
Trade Conversion Cycle 1H 2013 Trade conversion cycle, days 1H 2012 Trade conversion cycle, days 1H 2011 Trade conversion cycle, days 120 120 120 100 2 100 100 5 4 80 80 80 60 93 60 60 91 90 103 96 94 40 40 40 20 20 20 12 8 10 0 0 0 (20) (20) (20) (40) (40) (40) Inventory Accounts Trade accounts Tra
Slide 11: Consolidated Cash Flow Statement Summary
Consolidated Cash Flow Statement Summary Russian rubles, million H1 2013 H1 2012 OPERATING ACTIVITIES: Total comprehensive income for the period 1,296 1,208 Adjustments 2,319 1,900 Operating cash flows before movements in working capital 3,615 3,108 Change in working capital (4,797) (9,055) Cash use
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