Investor Presentaiton

X5Group ...combined with stable profitability Revenue SG&A (excl. D&A&I&LTI)1 19.1% 14.9% 11.7% 10.7% 8.1% 607.5 604.2 546.5 543.6 507.2 19.2% 17.9% 18.8% 18.6% 18.5% 102.1 97.1 97.8 113.2 111.6 14.2% 86.1 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 pre-IFRS 16 Q1 2022 IFRS 16 Growth y-o-y, % SG&A (excl. D&A&I&LTI), RUB bln % of revenue Revenue, RUB bln Gross profit & gross margin Adj. EBITDA & EBITDA margin² 11.6% 25.2% 25.3% 25.8% 24.3% 24.6% 24.9% 8.3% • 70.2 7.9% 147.5 148.5 150.4 7.0% 7.0% 6.7% 138.1 140.2 127.6 45.4 42.8 42.5 40.5 35.5 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2022 pre-IFRS 16 IFRS 16 Gross profit, RUB bln Margin, % Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2022 pre-IFRS 16 IFRS 16 Adj. EBITDA, RUB bln Margin, % 1 Adjusted for impact from Karusel transformation 2 Adjusted for LTI, exit payments and share-based payments, other one-off remuneration payments and impact from Karusel transformation 22

View entire presentation