HHR Investor Presentation Deck

Financial leverage Leverage Dynamics RUB mm hh 1.2x 4,909 Net Debt¹ to LTM Adjusted EBITDA ratio¹ has declined from 1.2x as of 2020 YE to 0.3x as of Q3 2021 on the back of strong operating cash flow 1) 2) 3) 4) Net Debt as of 31-Dec-2020 1,007 M&A² 2,074 Dividends paid to shareholders 6,026 Cash generated from operations in 9M 2021 Net Debt to LTM Adjusted EBITDA, X 395 Cash used to repay debt in 9M 2021 395 Debt repayment in 9M 2021 Increase of Net Debt 193 Investment cash flow in 9M 2021³ 173 Other net use of cash in 9M 20214 Decrease of Net Debt Net Debt and Net Debt to Adjusted EBITDA Ratio, adj. EBITDA on twelve months basis are non-IFRS financial measures. See Appendix for a reconciliation to the nearest comparable IFRS measure. Including, inter alia, payments for acquisition of Zarplata and Skillaz Including acquisition of intangible assets and property, plant and equipment Including, inter alia, effect of forex on cash, payment for lease liabilities and dividends paid to non-controlling interest 0.3x 2,330 Net Debt as of 30-Sep-2021 27

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