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Financial performance

1 quarter 2 quarter 1 half 3 quarter 9 months 4 quarter Annual indicators

1 quarter

Financial performance under RAS Revenue under RAS broken down by the branches Financial ratios under RAS Data on receivables and payables of the Company under RAS Forecast the quarterly financial performance outlook under RAS Financial performance under IFRS

Financial performance under RAS in 2017-2022

Graph
RUR bln Начальное изменение 1Q 2017 1Q 2018 1Q 2019 1Q 2020 1Q 2021 1Q 2022
Revenue 5.2 24.3 25.4 25.1 24.9 26.8 28.2
- from electric power transmission 5.3 23.6 24.7 24.3 24.1 26.0 27.0
- from technological connection 0.0 0.3 0.3 0.3 0.1 0.2 0.5
- from resale of electricity and power - 0.2 0.2 0.2 0.2 0.2 0.2
- other 0.0 0.2 0.2 0.3 0.5 0.4 0.5
Prime cost 9.9 19.7 21.6 22.1 21.7 23.2 23.5
Sales profit (loss)1 -15.2 4.0 3.3 2.5 2.6 3.2 4.2
EBITDA2 -19.3 6.5 5.9 5.3 5.7 6.4 7.4
Net profit (loss) -50.0 2.1 1.7 1.1 1.6 2.2 2.4
Total assets 2.7 119.7 119.4 122.4 124.2 133.4 133.4
Net assets 1.8 57.9 59.6 55.7 57.3 60.8 55.9
Loans and credits 2.2 41.5 39.0 43.2 43.3 44.7 42.5
Cash and cash equivalents Financial investments 4700.0 1.4 0.7 1.0 3.0 3.6 4.6
Net debt3 -10.0 40.1 38.3 42.2 40.3 41.1 37.9
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 2017-2022

Graph
RUR bln Начальное изменение 1Q 2017 1Q 2018 1Q 2019 1Q 2020 1Q 2021 1Q 2022
Belgorodenergo 3.0 3.8 3.4 3.2 3.4 3.5 3.7
Bryanskenergo 0.0 1.3 1.4 1.4 1.4 1.5 1.6
Voronezhenergo 3.3 3.4 3.8 3.8 3.9 4.3 4.6
Kostromaenergo 9.1 1.3 1.4 1.4 1.4 1.5 1.6
Kurskenergo -5.6 1.9 1.9 1.9 1.9 2.1 2.2
Lipetskenergo 4.3 2.4 2.5 2.3 2.4 2.5 2.7
Orelenergo 10.0 1.1 1.2 1.2 1.2 1.3 1.4
Smolenskenergo 12.5 1.9 2.2 2.1 1.9 2.2 2.3
Tambovenergo 16.7 1.6 1.6 1.9 1.6 1.6 1.8
Tverenergo 8.7 2.9 3.1 3.0 2.9 3.2 3.2
Yarenergo 4.5 2.7 2.8 2.7 2.6 3.0 3.0

Financial ratios under RAS for 2017-2022

Graph
Начальное изменение 1Q 2017 1Q 2018 1Q 2019 1Q 2020 1Q 2021 1Q 2022
Current liquidity ratio 53.0 1.40 0.97 0.75 0.87 0.84 0.89
Solvency reestablishing ratio 41.5 0.88 0.58 0.49 0.55 0.41 0.52
Solvency loss ratio 49.0 0.79 0.53 0.43 0.49 0.41 0.48
The ratio of total liabilities to total equity 12.1 1.09 1.00 1.05 1.17 1.20 1.39
The ratio of current liabilities to total equity -30.8 0.28 0.29 0.40 0.40 0.45 0.49
Accounts receivable turnover, times (the indicator is calculated from the period beginning) 11.6 1.99 2.02 1.91 1.82 1.73 1.86
Net fixed assets index 6.2 1.69 1.74 1.76 1.82 1.83 1.98
Equity-assets ratio -6.0 0.48 0.50 0.49 0.46 0.46 0.42
Return on sales, % (indicator is calculated from the period start) -53.0 8.62 6.80 4.58 6.23 8.09 8.60
Return on costs, % (indicator is calculated from the period start) -55.0 10.61 7.99 5.19 7.15 9.37 10.29

Data on receivables and payables of the Company under RAS in 2017-2022

Graph
Начальное изменение 1Q 2017 1Q 2018 1Q 2019 1Q 2020 1Q 2021 1Q 2022
Accounts receivable, RUR bln -5.5 12.2 12.6 13.1 13.7 15.5 15.2
- Consumers and Customers -1.4 10.6 11.9 12.2 12.6 13.3 12.8
- Advances made -100.0 0.1 0.1 0.2 0.3 0.3 0.5
- Other debtors -12.5 1.5 0.6 0.7 0.8 1.9 1.9
Accounts payable, RUR bln 7.9 10.9 10.1 10.6 12.3 14.2 14.5
- Suppliers and contractors 10.9 5.2 4.6 5.4 5.8 7.6 6.7
- Payroll liabilities 16.7 0.7 0.7 0.7 0.7 0.7 0.8
- Debt to State non-budgetary funds 0.0 0.3 0.4 0.3 0.4 0.4 0.4
- Tax and duties liabilities 10.0 2.3 2.0 2.6 2.8 3.3 3.2
- Advances received 0.0 1.9 1.9 1.4 2.3 1.9 2.5
- Debt to members (founders) to pay income none 0.0 0.0 0.0 0.1 0.0 0.1
- Other creditors 16.7 0.5 0.5 0.2 0.2 0.3 0.8

Forecast the quarterly financial performance outlook under RAS for 2Q 2022

Graph
RUR bln Outlook, 2Q 2022
Revenue (total), including: 23.4
Electricity transmission revenue 22.6
Grid connection revenue 0.2
Revenue from sale of electricity 0.1
Sales revenue from other activities 0.5
Cost of products (services), total 22.0
Profit (loss) from sales1 0.9
EBITDA2 4.0
Net profit (loss) 0.0
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
RUR bln Начальное изменение 1Q 2018 1Q 2019 1Q 2020 1Q 2021 1Q 2022
Revenue none 25.4 25.1 25.3 27.9 29.3
- from electric energy transmission none 24.7 24.3 24.4 27.0 28.1
- from grid connection none 0.3 0.3 0.1 0.2 0.5
- from resale of electric energy and power none 0.2 0.2 0.2 0.2 0.2
- other none 0.2 0.3 0.6 0.5 0.5
Operating costs none 22.2 22.6 22.3 24.4 25.0
Other profit none 0.2 0.3 0.3 0.4 0.4
Operating profit/(loss) none 3.5 2.9 3.3 3.9 4.7
EBITDA none 6.0 5.6 6.2 6.9 8.1
Profit/(loss) for the period none 1.9 1.5 2.0 2.4 2.7
Total equity none 46.0 46.3 47.9 50.6 54.2
Total assets none 105.2 110.4 122.0 126.3 131.9
Loans and credits none 39.0 43.7 47.4 48.0 49.5
Cash and cash equivalents none 0.8 1.3 3.5 4.0 3.3
Net debt1 none 38.2 42.4 43.9 44.0 46.2
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents