Investor Presentaiton
MTS
a step ahead
Appendix - Definitions and Reconciliations
Net debt represents total debt less cash and cash equivalents and short-term investments. Our net debt calculation is commonly used as one of the bases for
investors, analysts and credit rating agencies to evaluate and compare our periodic and future liquidity within the wireless telecommunications industry. The
non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with US GAAP.
USD mln
Current portion of LT debt and of capital lease obligations
LT debt
As of Dec 31, 2011
1,155.7
As of Jun 30, 2012
1,104.5
7,554.0
6,237.1
Capital lease obligations
Total debt
Less:
5.5
3.5
8,715.2
7,345.1
Cash and cash equivalents
ST investments
Net debt
1,850.8
86.2
6,778.2
881.0
837.9
5,626.2
Free cash flow is represented by net cash from operating activities less cash used for certain investing activities. Free cash flow is commonly used by investors,
analysts and credit rating agencies to assess and evaluate our performance over time and within the wireless telecommunications industry. Because free cash
flow is not based in US GAAP and excludes certain sources and uses of cash, the calculation should not be looked upon as an alternative to our Consolidated
statement of cash flows or other information prepared in accordance with US GAAP.
USD mln
Net cash provided by operating activities
Less:
For six months
ended Jun 30, 2011
For six months
ended Jun 30, 2012
1,669.2
2,274.3
Purchases of property, plant and equipment
(660.6)
(1,021.0)
Purchases of intangible assets
(145.6)
(103.8)
Proceeds from sale of property, plant and equipment
8.3
2.2
Proceeds from sale of other investments
7.0
14.7
Investments in and advances to associates
3.0
Acquisition of subsidiaries, net of cash acquired
(33.8)
(32.7)
Free cash flow
847.5
1,133.7
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