Investor Presentaiton
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)
• 19% CAGR for deliveries over 2010-2015(1)
Strong delivery track record
• Over 28 years of construction &
development experience
• 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 2.72 mln sqm(2)
• Land bank sufficient until 2019
Projects well diversified by locations in
SPMA and MMA
Liquidity and credit ratings
•Secure liquidity position supported
by pre-sales cash collections model
• Low leverage: 0.96x net debt /
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 31.12.2015;
(3) IFRS financial statements as of 31 December 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 1.87 (08.04.2016)
USD 546 mln (08.04.2016)
RUB 104,384 mln
(31.12.2015)
5%
43%
50%
57%
45%
■ SPMA
■ MMA
■ Projects under development
Projects at design stage
■Projects completed
Etalon Group
Operating
Results
Landbank
Valuation
Financial
Results
Selected
Projects
Appendix
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