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 28 years of construction &
development experience
• 5 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 37
cities
Diversified projects portfolio
• Land bank of 2.72 mln sqm(2)
• Land bank sufficient until 2019
• Projects well diversified by locations in
SPMA and MMA
Liquidity and credit ratings
•Secure liquidity position supported
by pre-sales cash collections model
• Low leverage: 0.96x net debt /
EBITDA (3)
• Credit rating by S&P: B+/B(4)
Corporate governance
• 10 BoD members, 5 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 31.12.2015;
(3) IFRS financial statements as of 31 December 2015;
(4) 'B+' long-term & 'B' short-term corporate credit ratings of SSMO LenSpetsSMU
(last reconfirmed on 03.06.2016).
LSE ticker
Share price
Market capitalization
Portfolio valuation (by
Jones Lang La Salle)
Portfolio composition (2)
ETLN:LI
USD 2.48 (14.06.2016)
USD 724 mln (14.06.2016)
RUB 104,384 mln
(31.12.2015)
5%
43%
50%
57%
45%
■ SPMA
■ MMA
■ Projects under development
Projects at design stage
Projects completed
Etalon Group
Operating
Results
Landbank
Valuation
Financial
Results
Selected
Projects
Appendix
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