Financial Results
Typical project cost structure
Materials cost structure*
(RUB 12,000 18,000 per sqm of NSA)
Crushed
Sand
granite
Bricks
4% 4%
Construction cost structure*
(RUB 29,000 - 39,000 per sqm of NSA)
Overhead expenses
Cement
14%
6%
52%
Other
Materials
8%
8%
41%
OTO
Metal products
20%
23%
Machinery
Total cost structure*
(RUB 59,000 - 72,000 per sqm of NSA)
20%
Wages
Construction
45%
Taxes
Project management
Design
Interest expense
4% 4%
6%
Sales costs
6%
Other
7%
8%
Infrastructure
20%
Land acquisition
Typical project lifecycle*
Task
Share,%
Start, month
Duration, months
Predevelopment
3
0
8
Zero cycle works
7
2
10
Construction works
43
5
20
Facade works
11
16
10
Fit out works
LO
5
18
10
MEP systems
14
7
21
Engineering facilities
Urban landscaping
15
2
5
24
23
6
0
5
*Source: Company estimates for typical project based on current portfolio average. Actual breakdown per project is subject to significant variation due to a number of factors.
ā Etalon Group
Financial
results
Operating
Results
Landbank
Valuation
Construction timeline, months
10
15
20
25
30
2015
Deliveries
Appendix
34
=4View entire presentation