Omni-channel Growth and Financial Performance
Conservative financial policy
Comments
■ Commitment to a conservative financial policy
-
-
Fully RUB-denominated debt to match RUB revenue, mostly fixed rates
Relationships with multiple Russian and international banks
Leverage
Q1 22 total debt - RUB 40.2 bn
1.4x
■Net debt / Adj. EBITDA ratio as of 31 March 2022 is 1.8x vs. 4.0x average covenant level
across the loan portfolio (IAS 17)
■ Weighted average interest rate (1) - 12% as of 31 March 2022
■ No contingent off-balance sheet liabilities
■ Available undrawn credit limit of RUB 29.7 bn for refinancing of the current credit
portfolio aiming at its further diversification as of 31 March 2021
24,042
Q1 2021
(IAS 17)
Debt maturities as of 31 March 2022
(RUB m)
10,498
5,900
2022
2023
13,730
2024
Net debt
detsky mir
1.8x
39,779
36,831
31,203
24,042
31,203
Q1 2022
(IAS 17)
Q1 2021
Q1 2022
(IFRS 16)
(IFRS 16)
Lease liabilities
Net debt/Adj. EBITDA
Weighted average interest rate (1)
Company rate
CBR
20.0%
12.0%
9.0% 8.8% 8.4%
7,5%
8.0%
8.0%
8.5%
7.5% 7.4%
6.7% 6.6%
7.2%
7.8% 7.8%
7.0%
6.3%
4.5% 4.3%
4.5%
8.5%
6.8%
6.0%
4.3%
5.5%
Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22
Sources: Company data
Notes: (1) Calculated on the basis of the weighted interest rates applying to the specified indebtedness (weighted by the principal amount of such indebtedness) as of the dates specified
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