M.video · RUS:MVID
M.video — H1 2015 Earnings Presentation
11 slides from M.video's earnings presentation, Aug 26, 2015
Slide 1: PJSC M.video H1 2015 Condensed Consolidated Financial Information Presentation
PJSC “M.video” H1 2015 Condensed Consolidated Financial Information Presentation Moscow, August 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: H1 2015 Highlights
H1 2015 Highlights H1 2015 revenue amounted to 83 billion RUB (70.5 billion RUB without VAT), demonstrating a 2.3% increase vs. H1 2014. LfL sales were (8%). H1 2015 Internet based sales grew by 29% to 8.3 billion RUB (with VAT) 4 new stores added, 8 stores closed in H1 2015; the network has 3
Slide 4: Key Financial Indicators
Key Financial Indicators In millions of Russian rubles H1 2015 H1 2014 y-o-y, % Sales (with VAT) 83,143 81,241 2.3% Net revenue 70,460 68,848 2.3% Gross profit 18,962 17,229 10.1% As % of net revenue 26.9 25 1.9 Operating expenses* 16,346 15,918 2.7% As % of net revenue 23.2 23.1 0.1 Operating profi
Slide 5: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights Russian rubles, million H1 2015 H1 2014 REVENUE 70,460 68,848 COST OF SALES (51,498) (51,619) GROSS PROFIT 18,962 17,229 Selling, general and administrative expenses (16,650) (16,692) Other operating income 355 861 Other operating expenses (51) (87) OPERATING
Slide 6: Operating Expenses
Operating Expenses Russian rubles, million H1 2015 as % of H1 2014 as % of revenue revenue Lease (net of sublease) and utilities expenses 5,514 7.8% 4,810 7.0% Payroll and related taxes 4,862 6.9% 5,120 7.4% Advertising & promotional expenses 1,537 2.2% 1,863 2.7% Warehouse services (incl. related l
Slide 7: EBITDA(R)
EBITDA(R) Russian rubles, million H1 2015 H1 2014 Net profit for the period 2,306 1,122 Income tax expense 715 337 Finance income, net (405) (148) Depreciation and amortization 1,642 1,385 EBITDA 4,258 2,696 Rent expense 4,648 4,006 EBITDAR 8,906 6,702 As % of net revenue 12.6 9.7 EBITDA(R) - Earnin
Slide 8: Consolidated Balance Sheet Summary
Consolidated Balance Sheet Summary Russian rubles, million 30 June 2015 31 Dec 2014 NON-CURRENT ASSETS: Property, plant and equipment 8,910 9,935 Intangible assets 4,408 4,310 Other 3,449 3,833 Total non-current assets 16,767 18,078 CURRENT ASSETS: Inventories 34,070 35,434 Accounts receivable and p
Slide 9: Consolidated Balance Sheet Summary (continued)
Consolidated Balance Sheet Summary (continued) Russian rubles, million 30 June 2015 31 Dec 2014 EQUITY: Total equity 11,301 13,895 NON-CURRENT LIABILITIES: Total non-current liabilities 46 5 CURRENT LIABILITIES: Trade accounts payable 32,784 57,428 Other payables and accrued expenses 6,527 6,894 Adv
Slide 10: Consolidated Cash Flow Statement Summary
Consolidated Cash Flow Statement Summary Russian rubles, million H1 2015 H1 2014 OPERATING ACTIVITIES: Total comprehensive income for the period 2,306 1,122 Adjustments 2,603 1,848 Operating cash flows before movements in working capital 4,909 2,970 Movement in working capital (26,484) (8,694) Cash
Slide 11: PJSC M.video contact details
PJSC “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: Denis Davydov 11