Slide 1: H1 2012 Condensed Consolidated Financial Information Presentation
OJSC “Company “M.video” H1 2012 Condensed Consolidated Financial Information Presentation Moscow, August 29, 2012. 1
Slide 2: Disclaimer
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 fin
Slide 3: H1 2012 highlights
H1 2012 highlights Sales increased to 69 billion RUB (58.6 billion RUB without VAT), demonstrating a 26% growth vs. H1 2011. Like-for-like sales grew by 16.3%. Network expansion: 18 new stores opened (16 net); network reached 277 stores. Net cash position of 5 billion RUB vs. 1.6 billion in 1H 20
Slide 4: Key Financial Indicators
H1 2012 Key Financial Indicators In millions of Russian rubles H1 2012 H1 2011 y-o-y, % Sales (with VAT) 69,140 54,872 26% Net revenue 58,593 46,502 26% Gross profit 14,434 11,627 24% As % of net revenue 24.6 25 (0.4)% Operating expenses 12,926 10,486 23% As % of net revenue 22 22.5 (0.5)% Operating
Slide 5: Income Statement Highlights
H1 2012 Consolidated Income Statement Highlights Russian rubles, million H1 2012 H1 2011 REVENUE 58,593 46,502 COST OF SALES (44,159) (34,875) GROSS PROFIT 14,434 11,627 Selling, general and administrative expenses (13,693) (11,006) Other operating income 819 575 Other operating expenses (52) (55) O
Slide 6: Operating Expenses
Operating Expenses Russian rubles, million H1 2012 as % of H1 2011 as % of revenue revenue Payroll and related taxes 4,197 7.2 3,301 7.1 Lease expenses (rent) 3,030 5.2 2,262 4.9 Advertising and promotional expenses 1,618 2.8 1,550 3.3 Warehouse services 749 1.3 641 1.4 Utilities 660 1.1 545 1.2 Rep
Slide 7: EBITDA(R)
EBITDA(R) Russian rubles, million H1 2012 H1 2011 Net profit for the period 1,208 766 Income tax expense 476 379 Finance income, net (176) (4) Depreciation and amortization 1,009 765 EBITDA 2,517 1,906 Rent expense 3,030 2,262 EBITDAR 5,547 4,168 EBITDA(R) - Earnings before interest, taxes, deprecia
Slide 8: Balance Sheet Summary
H1 2012 Consolidated Balance Sheet Summary Russian rubles, million 30 June 2012 31 Dec 2011 NON-CURRENT ASSETS: Property, plant and equipment 9,245 8,920 Other 3,776 3,619 Total non-current assets 13,021 12,539 CURRENT ASSETS: Inventories 23,261 24,487 Trade and other accounts receivable and prepaid
Slide 9: Balance Sheet Summary (continued)
H1 2012 Consolidated Balance Sheet Summary (continued) Russian rubles, million 30 June 2012 31 Dec 2011 EQUITY: Total equity 13,045 12,827 NON-CURRENT LIABILITIES: Deferred tax liabilities 317 317 Provisions 56 100 Total non-current liabilities 373 417 CURRENT LIABILITIES: Short-term loans and borro
Slide 10: Trade Conversion Cycle
Trade Conversion Cycle 1H 2012 Trade conversion cycle, days 1H 2011 Trade conversion cycle, days 120 120 100 100 5 4 80 80 60 60 91 90 94 96 40 40 20 20 8 10 0 0 (20) (20) (40) (40) Inventory Accounts Trade accounts Trade Inventory Accounts Trade accounts Trade receivable payable conversion receivab
Slide 11: Cash Flow Statement
H1 2012 Consolidated Cash Flow Statement Russian rubles, million H1 2012 H1 2011 OPERATING ACTIVITIES: Total comprehensive income for the period 1,208 766 Adjustments 1,900 1,567 Operating cash flows before movements in working capital 3,108 2,333 Change in working capital (9,055) (5,599) Cash used