Investor Presentaiton
MTS
a step ahead
Free
Cash Flow
+34%
1 133.7
1 092.3
847.5
(YTD)
212.2
(USD mln)
H1 2009
H1 2010
H1 2011
H1 2012
Group balance sheet and Free Cash Flow
Balance sheet (USD mln unless noted)
As of
Dec 31, 2011
As of
Jun 30, 2012
Cash and cash equivalents
$1 850.8
$881.0
Short-term investments
$86.2
$837.9
Total debt
$8 715.2
$7 345.1
Long-term debt
$7 559.5
$6 240.6
Short-term debt
$1 155.7
$1 104.5
Net debt*
$6 778.2
$5 626.2
LTM Adjusted OIBDA*
$5 144.1
$5 348.3
Net debt/LTM Adjusted OIBDA
1.3x
1.1x
Free cash flow* of $1.1 bln for the first half of
2012
■ Decline in cash on hand due to increase in
short-term investments in preparation for debt
repayments
☐ Rise in short-term investments due to
preparation for FY2011 dividend payout
■ Decline in net debt/LTM OIBDA due to
improving operating performance
*See reconciliations of net debt, LTM OIBDA and free cash flow to consolidated financial statements in the appendix; certain figures, like Free Cash Flow, are subject to currency
volatility between the US dollar and currencies of those markets where MTS operates.
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