Investor Presentaiton
Key takeaways
Deliveries outpace approved construction programme
Deliveries increased by 57% y-o-y, including successful expansion into Moscow with the milestone first stage of Emerald Hills delivered on
schedule
■ Total deliveries for the year ended 31 December 2011 equalled 328 thousand sqm
Solid progress on sales
For the year ended 31 December 2011, new contract sales increased 27% year-on-year (y-o-y) to 270,012 sqm and 30% y-o-y to RUR
18,306 mn
■ Sales growth supported by continued recovery in consumer activity
Significant launches of sales on new projects
■ Pre-sales launched for five new buildings in 4Q 2011, representing 251,232 sqm of NSA
■ Expected cash collections from newly-launched sales equivalent of up to c. US$ 566 mn
Strong balance sheet position to benefit from higher quality deal flow
■ US$ 446 mn in cash and cash equivalents and c. US$ 326 mn of mid- to long-term debt
■ We believe Etalon is well positioned to acquire more high-quality projects in order to create additional value for our shareholders.
2 Etalon Group 2
29View entire presentation