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Summer Garden Investor Presentation

INVESTOR PRESENTATION 50 BALANCED APPROACH TO REGIONAL EXPANSION SUPPORTED BY LONG TRACK RECORD WORKING IN RUSSIAN REGIONS REGION POPULATION C. 1 mln people Or candidates with strong population growth trends backed by both natural growth and migration TARGET PROFITABILITY SAME AS CORE REGIONS Backed by lower land acquisition price and appropriate market conditions to guarantee reasonable selling price AFFORDABILITY At least 20-30% Of a region's population who can afford at least Etalon.Start product (mass-market) using mortgage financing to ensure sustainable demand (1) Company data for 1Q 2020 ENTRY STRATEGY PARTNERSHIP OR PILOT WITH FURTHER EXPANSION Cooperation with local player or limited size pilot project with option for further expansion if successful ESTABLISHED TRACK RECORD IN REGIONAL MARKETS O Murmansk Petrozavodsk Severodvinsk ❤ ◆ Kaliningrad SPMA Krasnogorsk⚫ MMA ●Belgorod ⚫ Tver Saransk ●Penza • Volgograd Rostov-on-Don ● Saratov ⚫ Krasnodar ⚫ Sochi Apatity ● Arkhangelsk Ukhta Siktivkar • Usinsk Salekhard O Norilsk O Noviy Urengoy Nadim ◆ Gubkinsky Kirov ● Cheboksary ◆ Noyabrsk ♦ Perm Izhevsk Ekaterinburg O ⚫Ufal Khanty-Mansiysk ● O Surgut • Nefteyugansk Tyumen O Nizhnevartovsk ●Samara ● Chelyabinsk ◆ Magnitogorsk Omsk ⚫ Orenburg O Etalon Group's sales offices/ representatives Established relationships / partnerships with local sales agencies Petropavlovsk-Kamchatsky O O Magadan Elizovo O Yakutsk ● Mirniy ● Neryungri Komsomolsk-on-Amur ● O Uzhno-Sakhalinsk ⚫ Ust-Ilimsk O Irkutsk ⚫ Chita ◆ Krasnoyarsk ◆ Tashtagol Birobidzhan O Khabarovsk Blagoveshchensk ⚫ Ussuriysk Vladivostok O 59 CITIES COVERED >19 YEARS ON THE REGIONAL MARKET >30% OF ANNUAL SALES FROM REGIONAL BUYERS(1)
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