OGK-2 Operational and Financial Highlights: 3M 2013 IFRS Results
Discover the operational and financial highlights of OGK-2 for the 3-month period ended in 2013 as per IFRS results. Explore details such as electricity output, revenue, operating expenses, profit, and more. Stay informed about the company's performance and key financial indicators to make informed decisions.
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Presentation Transcript
OJSC OGK-2 3M 2013 IFRS Results May 27, 2013
Disclaimer The information contained herein has been prepared using information available to JSC OGK-2 ( hereinafter - OGK-2 or the Company) at the time of preparation of the presentation. Since making a presentation, on the activities of OGK-2 and the content of the presentation could affect the external or other factors. In addition all relevant information about OGK-2 may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information. Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty. OGK-2 cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in OGK-2, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision. OGK-2 3M 2013 IFRS Results 2
OGK-2: Operational and Financial Highlights Operational Highlights1 Financial Highlights, mn RUR 3M 2012 3M 2013 Change 3M 2012 3M 2013 Change Electricity Output, mn kWh 21,100 18,509 -12.3% Revenue 27,118 28,145 +3.8% Effective Electricity Output Without Regard to Financial Operations, mn kWh 22,080 19,246 -12.8% Operating Expenses (25,635) (24,612) -4.0% Heat Output, thousand Gcal 2,378 2,480 +4.3% Operating Profit 1,367 3,587 +162.4% Fuel Rate on Electricity, g/kWh 350.6 346.6 -1.1% EBITDA2 2,656 4,739 +78.4% Fuel Rate on Heat, kg/Gcal 151.6 151.3 -0.2% Profit for the Period 589 2,519 +327.7% Installed Capacity Utilization Factor, % 54.0 47.6 -6.4 p.p. 1. 2. Management report data. EBITDA = Operating profit + Depreciation and Amortization OGK-2 3M 2013 IFRS Results 3
OGK-2: Revenue Structure of Electricity Sales Volume at OREM1for 3M 20132 Electricity and Capacity OREM Revenue Structure for 3M 20131 75% Revenue Structure, mn RUR 28,145 27,118 84% 552 +3.8% 229 1,384 1,191 25% 16% Other Regulated Market Free Market Electricity Capacity Prices and Tariffs2 Heating Parameter 3 2013 26,209 25,698 Electricity and Capacity 947.1 Average Electricity Price at the Free Market, RUR/MWh 587.6 Average Heat Tariff, RUR/Gcal 347,495.9 Average price for new capacity, RUR/MW per month 136,934.4 Average price for old capacity, RUR/MW per month 3M 2012 3M 2013 1. Wholesale market of electricity and capacity 2. Management report data OGK-2 3M 2013 IFRS Results 4
OGK-2: Operating Expenses Operating Expenses Structure, mn RUR Other 25,635 24,612 2,291 Raw Materials and Supplies 364 2,662 380 581 1,289 591 1,152 1,904 Repairs 1,775 2,164 2,182 Depreciation and Fmortisation of Property Plant Equipment and Intangible Assets Employee Benefits 17,042 15,870 Purchased Electricity, Capacity and Heat Fuel 3 2012 3 2013 OGK-2 3M 2013 IFRS Results 5
OGK-2: EBITDA and Profit Profit Bridge for 3M 2013, mn RUR EBITDA1, mn RUR +157 -547 -678 4,739 +78.4% 3,587 2,656 2,519 3 2012 3 2013 Operating Profit Finance Income Finance Costs Income Tax Charge Profit for the Period 1. EBITDA = Operating Profit + Depreciation and Amortization OGK-2 3M 2013 IFRS Results 6
OGK-2: Debt Debt Structure, mn RUR Total 23,565 Maturity Profile, as of 31 March, 2013, mn RUR 13,650 -13.7% 6,506 Total 20,332 3,314 108 68 108 Less than 1 year 1-2 years 2-3 years 3-4 years Current Debt and Current Portion of Non- current Debt Net Debt, mn RUR 25,000 2.00 1.87 1.80 20,000 1.60 Net Debt as of the End of the Period 20,251 20,224 Non-current Debt 1.40 1.33 15,000 1.20 EBITDA for 12 months 1.00 2 10,000 0.80 19,805 16,874 0.60 Net Debt/EBITDA 12,646 10,563 5,000 0.40 0.20 - 0.00 December 31, 2012 March 31, 2013 December 31, 2012 March 31, 2013 1. Net Debt = Total Debt less Cash and cash equivalents 2. EBITDA for 12 months, ended March 31, 2013 = EBITDA for 2012 + EBITDA for 3 months of 2013 - EBITDA for 3 months of 2012 OGK-2 3M 2013 IFRS Results 7
Thank You For Your Attention! IR contacts: Alina Rassmagina Tel.: +7 (495) 428-54-28, ext. 2423 Email: RassmaginaAZ@ogk2.ru
