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Financial performance

1 half

Financial performance under RAS in 2018 – 2022

Graph
RUR bln Начальное изменение 1H 2018 1H 2019 1H 2020 1H 2021 1H 2022
Revenue 3.3 46.7 46.5 45.7 49.9 52.4
- from electric power transmission 3.0 45.1 45.1 44.2 48.1 50.0
- from technological connection 33.3 0.8 0.5 0.4 0.4 0.9
- from resale of electricity and power 0.0 0.3 0.3 0.3 0.3 0.3
- other 0.0 0.5 0.6 0.8 1.1 1.2
Prime cost 7.0 41 42.3 42.0 44.1 45.0
Sales profit (loss)1 -19.0 4.7 3.3 2.7 4.9 6.4
EBITDA2 -12.1 9.4 8.7 8.5 11.0 12.9
Net profit (loss) -15.8 1.6 0.8 0.9 3.0 3.3
Total assets -2.8 117.3 120.6 123.6 130.7 134.6
Net assets 1.4 58.6 58.3 56.6 60.2 55.3
Loans and credits -8.5 38.8 41.5 43.2 44.7 42.4
Cash and cash equivalents Financial investments -92.2 0.3 0.1 1.5 1.5 6.3
Net debt3 -0.5 38.5 41.4 41.7 43.2 36.1
1 - Revenue net of cost of sales, selling and administrative expenses
2 - EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges
3 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents – short-term financial investments

Revenue under RAS broken down by the branches for 2018 – 2022

Graph
RUR bln Начальное изменение 1H 2018 1H 2019 1H 2020 1H 2021 1H 2022
Belgorodenergo -12.3 6.4 6.0 6.3 6.7 7.1
Bryanskenergo 8.3 2.6 2.7 2.6 2.8 3.0
Voronezhenergo 11.1 7.0 7.1 7.2 8.1 8.5
Kostromaenergo 4.0 2.6 2.6 2.5 2.9 2.9
Kurskenergo 5.7 3.7 3.6 3.5 3.9 4.3
Lipetskenergo 0.0 4.5 4.5 4.4 4.6 5.1
Orelenergo 9.5 2.3 2.3 2.3 2.5 2.5
Smolenskenergo 11.4 3.9 3.8 3.6 4.0 4.1
Tambovenergo 3.4 3.0 3.3 2.9 3.0 3.2
Tverenergo 3.7 5.6 5.6 5.3 5.8 5.9
Yarenergo 10.9 5.1 4.9 4.7 5.3 5.4

Financial ratios under RAS for 2018 – 2022

Graph
Начальное изменение 1H 2018 1H 2019 1H 2020 1H 2021 1H 2022
Current liquidity ratio 40.6 1.35 0.71 0.70 1.03 0.70
Solvency reestablishing ratio 162.9 0.92 0.39 0.31 0.72 0.30
Solvency loss ratio 90.5 0.80 0.38 0.33 0.62 0.33
The ratio of total liabilities to total equity -8.3 1.00 1.07 1.18 1.17 1.43
The ratio of current liabilities to total equity -47.2 0.19 0.41 0.50 0.33 0.65
Accounts receivable turnover, times (the indicator is calculated from the period beginning) 16.2 4.17 3.44 3.18 3.26 3.63
Net fixed assets index 0.6 1.76 1.78 1.84 1.84 1.99
Equity-assets ratio 4.2 0.50 0.48 0.46 0.46 0.41
Return on sales, % (indicator is calculated from the period start) -0.96 3.34 1.65 1.87 5.99 6.21
Return on costs, % (indicator is calculated from the period start) -1.28 3.80 1.82 2.04 6.79 7.23

Data on receivables and payables of the Company under RAS in 2018 – 2022

Graph
Начальное изменение 1H 2018 1H 2019 1H 2020 1H 2021 1H 2022
Accounts receivable, RUR bln -11.1 11.2 13.5 14.4 15.3 14.4
- Consumers and Customers 0.0 10 12 12.3 12.0 11.3
- Advances made 0.0 0.1 0.2 0.5 0.5 1.0
- Other debtors -54.2 1.1 1.3 1.6 2.8 2.1
Accounts payable, RUR bln -9.9 9.1 10.5 12.50 12.5 16.4
- Suppliers and contractors -12.8 4.1 5.4 7 6.8 6.5
- Payroll liabilities 28.6 0.9 0.6 0.7 0.7 0.7
- Debt to State non-budgetary funds 0.0 0.4 0.4 0.4 0.4 1.3
- Tax and duties liabilities 0.0 1.8 2 1.9 2.2 2.5
- Advances received -28.6 1.5 1.7 2.3 2.0 3.0
- Debt to members (founders) to pay income 0.0 0.1 0.1 0.0 0.1 1.5
- Other creditors -25.0 0.3 0.3 0.2 0.3 0.9

Forecast the quarterly financial performance outlook under RAS for 3Q 2022


RUR bln Outlook. 3Q 2022
Revenue (total). including: 25.7
Electricity transmission revenue 23.6
Grid connection revenue 0.8
Revenue from sale of electricity 0.1
Sales revenue from other activities 1.2
Cost of products (services). total 23.0
Profit (loss) from sales1 2.2
EBITDA2 5.3
Net profit (loss) 1.1
1 - Revenue net of cost of sales. selling and administrative expenses
2 - EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges

Financial performance under IFRS in 2018 – 2022

Graph
Начальное изменение 1H 2018 1H 2019 1H 2020 1H 2021 1H 2022
Revenue, RUR bln none 46.8 46.6 46.4 52.1 54.6
- from electric energy transmission none 45.1 45.1 44.9 50.2 51.9
- from grid connection none 0.8 0.5 0.4 0.5 1.0
- from resale of electric energy and power none 0.3 0.3 0.3 0.3 0.3
- other none 0.6 0.7 0.8 1.1 1.3
Operating costs, RUR bln none 42,4 43.5 43.3 46.6 48.1
Other profit, RUR bln none 0.5 0.6 0.6 0.8 0.7
Operating profit/(loss), RUR bln none 4.8 3.8 3.7 6.4 7.5
EBITDA, RUR bln none 9.8 9.2 9.5 12.4 13.9
Profit/(loss) for the period, RUR bln none 2.3 1.5 1.6 3.7 3.5
Total equity, RUR bln none 45.5 45.2 47.8 50.4 52.9
Total assets, RUR bln none 103.6 109.2 120.3 123.0 133.6
Loans and credits, RUR bln none 38.8 43.6 46.4 48.7 49.7
Cash and cash equivalents, RUR bln none 0.3 0.1 2.0 1.9 4.9
Net debt1, RUR bln none 38.5 43.5 44.4 46.8 44.8
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents