EBITDA Evolution and Margins Dynamics

Net income mostly follows EBITDA trend despite increased depreciation enel 1Q 2022 1Q 2021 ΔΥΟΥ EBITDA (all - RUB mn) 3,255 2,451 +33% D&A and bad debt provisions (865) (454) + 2 times EBIT 2,390 1,997 +20% Net financial expenses 26 (7) Income tax (charge) / benefit (507) (419) +20% Net income 1,908 1,570 +22% 8

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