Etalon Group Operating 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)
■ 12% CAGR for deliveries over 2010-
2016(1)
STRONG DELIVERY TRACK RECORD
■ Over 29 years of construction &
development experience
5.4 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 ths employees
Country-wide sales network covering
49 cities
DIVERSIFIED PROJECTS PORTFOLIO
■ Land bank of 2.82 mln sqm (2)
■ Land bank sufficient until 2020
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: 1.1x net debt /
EBITDA(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
(1) Company operating results;
(2) JLL land bank valuation report as of 31.12.2016;
(3) IFRS financial statements
(4) 'B+' long-term & 'B' short-term corporate credit ratings of SSMO
LenSpetsSMU (last reconfirmed on 03.06.2016).
LANDBANK
VALUATION
LSE ticker
Share price
Market capitalisation
ETLN:LI
USD 3.69 (12.04.2017)
USD 1,078 mln
(12.04.2017)
Portfolio valuation
(by JLL)
RUB 115,818 mln
(31.12.2016)
PORTFOLIO COMPOSITION (2)
11%
49%
51%
30%
59%
■ SPMA ■ MMA
■ Projects under development
Projects at design stage
■ Projects completed
FINANCIAL
RESULTS
SELECTED
PROJECTS
APPENDIX
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