Hotline of power engineering specialists:
Based on the results of the publication of the audited consolidated financial statements for 2022 under IFRS, Rosseti Centre (ticker – MRKC) – managing organization of Rosseti Centre and Volga region (ticker – MRKP) held a conference call to webcast a presentation dedicated to the performance results of Rosseti Centre and Rosseti Centre and Volga region for the past year. The event was opened by Deputy General Director for Economy and Finance Artem Aleshin. The main topics for discussion were the financial and production indicators of the Companies and the results of the conducted tariff campaign for 2023, the consequences of the latest legislative changes in the electric grid sector, as well as current guidance for key performance indicators for 2023.
Despite the challenges of the past year, all obligations to ensure reliable and high-quality power supply to consumers in 20 regions of Russia were fulfilled. The Companies have minimized their dependence on foreign supplies and, as a result, supported the development of domestic production. This approach allowed to increase production potential and improve operational efficiency.
In the context of maintaining the volume of services from the electricity transmission at the level of 2021, the Companies increased the volume of services provided for grid connection and significantly increased revenue from additional services. This led to a positive trend in consolidated indicators for revenue, EBITDA and profit for the period at the end of 2022. Much attention was paid to approving long-term tariffs and changing the structure of the required gross revenue of the Companies.
As part of the event, the main parameters of the approved Business Plan for 2023 were also presented. At the end of the presentation, during the Q&A session, topics such as optimization of the Companies’ investment programs, payment discipline in the regions of presence, and controllable cost management were discussed.
The presentation of Rosseti Centre and Rosseti Centre and Volga region is available on the link.