Financial Results
At a glance
Presence in Russia's largest markets
Focus on middle class residential real
estate in Moscow metropolitan area
(MMA) and St. Petersburg
metropolitan area (SPMA)
•29% CAGR for deliveries over 2010-
2014(1)
Strong delivery track record
.
• Over 28 years of construction &
development experience
• 4.5 mln sqm commissioned
True vertical integration
•Strategic vertical integration in key
value-added segments of property
development enables the Company to
control costs, quality and timing
• 5,000 employees
•Country-wide sales network covering
36 cities
Diversified projects portfolio
• Land bank of 3.11 mln sqm (2)
• Land bank sufficient until 2018
•Projects well diversified by locations
within both SPMA and MMA
✓ Etalon Group
Operating
Results
Liquidity and credit ratings
•Secure liquidity position supported
by pre-sales cash collections model
• Low leverage: 0.5x net debt / LTM
EBITDA (3)
.
• Credit rating by S&P: B+/B(4)
Corporate governance
•
•10 BoD members, 5 NEDS
Board of Directors consists of
professionals with broad range of
experience and expertise, ensuring
that the interests of all groups of
shareholders are appropriately
represented
• Monthly visual updates on projects,
quarterly trading updates and semi-
annual financial reporting
⚫ Official guidance on deliveries and
new contract sales
•Dividend policy aims to pay out 15%
to 30% of IFRS net profit semi-
annually
(1) Company operating results;
(2) JLL land bank valuation report as of 31.12.2014;
(3) IFRS financial statements as of 30 June 2015;
(4) 'B+' long-term & 'B' short-term corporate credit ratings of SSMO LenSpetsSMU
(last reconfirmed on 18.06.2015).
LSE ticker
Share price
Market
capitalization
Portfolio valuation
(by Jones Lang La
Salle)
Portfolio composition (2)
ETLN:LI
USD 1.65 (18.09.2015)
USD 482 mln
(18.09.2015)
RUB 104,286 mln
(31.12.2014)
5%
44%
56%
49%
46%
■ SPMA
■ MMA
■ Projects under development
Projects at design stage
Projects completed
Financial
Results
Landbank
Valuation
2015
Deliveries
Appendix
29View entire presentation