TGK-1 · RUS:TGKA

TGK-1 — JSC Tgc-1 — Q1 2015 Earnings Presentation

11 slides from TGK-1's earnings presentation, May 14, 2015

  1. Slide 1: JSC TGC-1 3M 2015 IFRS Results

    JSC TGC-1 3M 2015 IFRS Results May 14, 2015 Saint Petersburg

  2. Slide 2: Disclaimer

    Disclaimer The information contained herein has been prepared using information available to JSC “TGC-1”(hereinafter - TGC-1 or the Company) at the time of preparation of the presentation. Since making a presentation on the activities of TGC-1 and the content of the presentation could affect the ext

  3. Slide 3: Operational and Financial Highlights for 3M 2015

    Operational and Financial Highlights for 3M 2015 Operational Highlights Financial Highlights, mn RUR 3M 2014 3M 2015 Change 3М 2014 3М 2015 Change Installed Capacity, MW 7,244 7,144 -1.4% Revenue 21,971 22,035 +0.3% Electricity Production, mn kWh, Including: 7,725 7,496 -3.0% Operating Expenses, Inc

  4. Slide 4: Revenue

    Revenue Revenue, mn RUR Revenue Structure* 3M 2014 3M 2015 1.0% 0.6% 2.9% 0.7% Electricity +0.3% Capacity 21,971 22,035 34.5% 33.7% 46.7% Heat 49.4% 17.2% 13.3% Exports 3М 2014 3М 2015 Other Prices and Tariffs*, mn RUR Revenue Change Factors 3M 2014 3M 2015 Change Average Electricity Price, Thous 

  5. Slide 5: Variable Costs

    Variable Costs Variable Costs, mn RUR Fuel Expenses, mn RUR 3M 2014 3M 2015 Change Fuel 10,023 9,416 -6.1% Electricity, Capacity and Heat Purchases 1,525 1,864 +22.2% 10,023 -6.1% 9,416 Water Usage Expenses 598 584 -2.3% Other Materials 126 112 -11.1% Heat Transmission 431 495 +14.8% Total Variable

  6. Slide 6: Fixed Costs and Depreciation

    Fixed Costs and Depreciation Fixed Costs, mn RUR Taxes other than Income Tax, mn RUR 3М 2014 3М 2015 Изм. Employee Benefits 1,737 1,790 +3.1% Repairs and Maintenance 422 500 +18.5% Taxes Other than Income Tax 190 295 +55.3% Fees of Electricity Market Operators 212 214 +0.9% +55.3% 295 Operating Leas

  7. Slide 7: EBITDA and Profit Bridge

    EBITDA and Profit Bridge EBITDA, mn RUR Profit Bridge for 3M 2015, mn RUR +102 -643 -750 6,170 6,365 +3.2% 4,577 3М 2014 3М 2015 3,295 Operating Profit Finance Finance Costs Income Tax Profit/ Total Income Expense Comprehensive Income * Adjusted to Impairment of PP&E. 7 TGC-1 3M 2015 IFRS Results

  8. Slide 8: Debt and Liabilities

    Debt and Liabilities Debt Structure, mn RUR Net Debt*/ EBITDA 30 000 4,0 29,953 -4.1% 28,723 3,5 25 000 Net Debt Short-term Borrowings 3,0 8,693 -9.8% 7,838 20 000 2,5 2,1 15 000 1,9 2,0 EBITDA for 12 27 688 25 908 months 1,5 10 000 21,260 -1.8% 20,885 Long-term Borrowings 1,0 Net Debt/ 13 209 13 40

  9. Slide 9: Dynamics of Sale Prices for Electricity at the Day-ahead Market

    Dynamics of Sale Prices for Electricity at the Day-ahead Market TGC-1’s Regional Sale Prices for Electricity at the Day-ahead Market, RUR/ MWh 3М 2014 3М 2015 Kolsky Branch 928.90 -8.1% 853.60 979.95 -2.4% 956.45 Karelsky Branch 1,014.91 -2.9% 958.68 Nevsky Branch 994.69 -4.4% 950.82 TGC-1 9 TGC-1 3

  10. Slide 10: Dynamics of Prices for Electricity at the Day-ahead Market: CHPs and HPPs

    Dynamics of Prices for Electricity at the Day-ahead Market: CHPs and HPPs TGC-1’s Sale Price for Electricity at the Day-ahead Market, RUR/MWh 1 300 1 200 1 100 1 000 900 800 700 TGC-1 CHP HPP 600 jan feb mar apr may jun jul aug sep oct nov dec jan feb mar apr mayjun jul aug sep oct nov dec janfeb ma

  11. Slide 11: Thank you for Your Attention!

    Thank you for Your Attention! Contacts for mass-media Contacts for investors and analysts +7 (812) 901-32-84 +7 (812) 901-32-97 +7 (812) 901-34-77 ir@tgc1.ru press_tgc1@tgc1.ru 11 TGC-1 3M 2015 IFRS Results

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