Investor Presentaiton
Strong balance sheet secured by robust cash collections
Liquidity position, RUB mln (1)
30.06.2013
30.06.2014
Gross debt composition (as of 31/12/2014) (1)
By type of facility
By currency
31.12.2013
31.12.2014
349
net cash
182
1,076
net debt
net debt
Debt maturity profile
(as of 31/12/2014; RUB mln) (2)
4,201
3,944
5,721
636
net debt
69%
Highlights
605
16,291
1,820
2015
2016
2017
2018
2019-2021
Total
(1) IFRS financial statements
(2)
Includes accrued interest payable in 2015, based on management accounts
Etalon Group
8%
■Local
31%
bonds
■Bank
loans
92%
■RUB
■ EUR
•
Company estimates that only c. 15% of total construction
costs linked to USD
Foreign currency denominated cash to debt ratio is 3.5
(as of 31 December 2014)
0.06x Net debt/EBITDA (as of 31 December 2014)
USD/RUB fx rate as of 31 December 2014
56.26
EUR/RUB fx rate as of 31 December 2014
68.34
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