Investor Presentaiton
INVESTOR PRESENTATION
16
ROBUST FINANCIAL POSITION
AFTER 12M 2020
TOTAL DEBT(1)
RUB bln
52.7
-4%
50.5
5.0
CASH AND CASH EQUIVALENTS
RUB bln
NET DEBT (CASH)
RUB bln
+55%
1.9x
1.2Ć Net corporate debt
21.5
19.6
49.5
31.9
23.6
0.7
45.5
31.2
25.9
(0.7)
Coverage ratio
for project
finance debt
4.7x
(18.6)
to Adjusted LTM
EBITDA ratio
PROJECT LEVEL
CORPORATE LEVEL
31.12.2019
Project debt
Corporate debt
31.12.2020
Source: IFRS Financial statements, y-o-y change was calculated without rounding
(1) Loans and borrowings as per IFRS statements
31.12.2019
31.12.2020
Cash in escrow accounts(2)
Cash & cash equiv.(3)
(2) Cash in escrow account is held off balance sheet until it is released following delivery of the purchased property
(3) Including bank deposits over 3 months; excluding cash collections in escrow accounts
(4) Project finance debt less cash on escrow account
31.12.2019
Net project debt (cash)(4)
Net corporate debt
31.12.2020
Net corporate debt to Adjusted LTM EBITDA
ā X.Xx Coverage ratio for project finance debt (calculated as
cash in escrow accounts/project financing)
"
Net corporate debt to
Adjusted LTM EBITDA
decreased from 1.9x to 1.2x
as of end-2020
All project finance
obligations are well covered
to access reduced interest
rates ranging from 0.01% to
3.5%
Average cost of borrowings
declined from 9.4% at the
end of 2019 to 8.3% at
31.12.2020View entire presentation