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 29 years of construction &
development experience
• 5.1 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
46 cities
Diversified projects portfolio
.
Liquidity and credit ratings
• Secure liquidity position supported
by pre-sales cash collections model
• Low leverage: 0.7x net debt / EBITDA
2015(3)
• Credit rating by S&P: B+/B(4)
Corporate governance
•10 BoD members, 7 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 30% to
50% of IFRS net profit semi-annually
LSE ticker
Share price
ETLN:LI
USD 2.78 (07.10.2016)
USD 812 mln (07.10.2016)
Market capitalisation
Portfolio valuation (by
Jones Lang La Salle)
RUB 104,384 mln
(31.12.2015)
Portfolio composition (2)
5%
43%
50%
57%
45%
■SPMA MMA
.
Land bank of 2.72 mln sqm (2)
Land bank sufficient until 2020
Projects well diversified by locations in
SPMA and MMA
(1) Company operating results;
(2) JLL land bank valuation report as of 31.12.2015;
(3) IFRS financial statements;
(4) 'B+' long-term & 'B' short-term corporate credit ratings of SSMO
LenSpetsSMU (last reconfirmed on 03.06.2016).
»Etalon Group
Operating
Results
Landbank
Valuation
■ Projects under development
Projects at design stage
■ Projects completed
Financial
Results
Selected
Projects
Appendix
34View entire presentation