3M 2013 IFRS financial results Investors and Analysts Presentation 10 June 2013
Financial Highlights Same store portfolio gross revenue increased in 3M 2013 by 0.3%. The same store transactions decline slowed to (1.5)% in 3M 2013 compared to (5.1)% for the 3M 2012 showing some green shoots of recovery. Consolidated net revenue stood at RUB 2,568 mln and is flat compared with 3M 2012. Operating profit before impairment amounted to RUB 48 mln for an operating margin before impairment of 1.9% compared with a margin of 2.8% in 3M 2012. EBITDA before impairment and write-offs amounted to RUB 151 mln for a margin of 5.9% compared with a margin of 7.0% in 3M 2012. Net loss amounted to RUB 26 mln and net loss margin stood at (1.0)% compared with a net loss margin of (1.4)% in 3M 2012. Net debt decreased by 4% to RUB 904 mln. 2
3M 2013 Performance summary Net Revenue, Rub mln EBITDA, Rub mln 2 569 2 568 (15,8)% 179 (25,1)% 166 151 0,5% 124 2 468 2 455 7,0 % 5,9 % 6,4 % 4,8 % Consolidated Revenue Revenue from restaurants and canteens EBITDA EBITDA before Impairment and loss on disposal of non-current assets 3M 2012 3M 2013 3M 2012 3M 2013 Net Loss/Profit, Rub mln Operating Cash Flow, Rub mln 1 (34,8)% 184 Net loss Net profit before impairment and loss on disposal of (35,5)% non-currrent assets 153 0,0 % (0,2)% 120 98 (1,4)% (1,0)% (22) (26) Operating CF before change in operating assets Net cash flow from operating activities and liabilities 3M 2012 3M 2013 3M 2012 3M 2013 (36) 3
3M 2013 Income Statement 3M 2013 3M 2012 RUB mln. Net revenue 2 568 379 100,0 % 2 569 378 100,0 % 2 468 054 96,1 % 2 454 912 Incl. Revenue from restaurants and canteens 95,5 % Incl. Revenue from franchising 69 383 69 130 2,7 % 2,7 % Cost of sales 2 130 091 82,9 % 2 078 787 80,9 % 592 001 23,0 % 600 243 23,4 % Incl. Food and beverages Incl. Payroll and related taxes 590 609 23,0 % 568 173 22,1 % Incl. Rent 509 918 19,9 % 456 780 17,8 % Gross profit 438 288 17,1 % 490 591 19,1 % SG&A Expenses 346 427 13,5 % 385 245 15,0 % Start-up expenses 29 594 1,2 % 22 879 0,9 % Other gains 18 958 0,7 % 11 815 0,5 % 1,3 % 0,8 % Other losses 33 450 21 742 0,2 % 1 647 Losses from impairment of operating assets 4 719 0,1 % Profit from operating activities 43 056 70 892 1,7 % 2,8 % Profit/(loss) before tax 8 045 0,3 % (20 547) (0,8)% (1,3)% (15 171) Income tax (34 423) (0,6)% Net loss (26 378) (1,0)% (35 718) (1,4)% EBITDA 124 071 165 646 4,8 % 6,4 % EBITDA before impairment 128 790 167 293 5,0 % 6,5 % EBITDA before impairment and write-offs 151 060 179 479 5,9 % 7,0 % 4
12M 2012 Debt evolution Average Interest Rates • In 3 months 2013 gross debt is at a similar level as it was in 3 months 2012. 9,7% 9,4% • Long-term component of the debt portfolio increased to 42,5% as of March 31, 2013. 9,3% 9,1% FY 2011 3Q 2012 4Q 2012 1Q 2013 Debt maturity Debt Portfolio US $ 40,25 US $ 39,26 Within 6M RUB 1,251 mln RUB 1,220 mln (2Q'13-3Q'13) 6M-12M 22% 32% (4Q'13-1Q'14) Short-term 57,5% 60,7% debt 12M-18M Long-term (2Q'14-3Q'14) 25% debt 20% 42,5% 18M+ 39,3% 3M 2013 12M 2012 5
Please contact us for further queries Investor Relations Team Tigran Aslanyan Vice President IR, Corporate Finance and Company Strategy E-mail: ir@rosinter.ru Tel.: + 7 495 788 4488 , ext. 2108 6
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