YNV
Company Overview
April 2024
Forward-Looking Statements
All statements contained in this presentation other than statements of historical facts, including, without limitation, statements regarding our proposed divestment of our businesses in Russia and certain international markets, are forward-looking statements.
YNV can provide no assurance that it will be successful in achieving first closing or second closing of the proposed transaction. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others, our ability to satisfy certain conditions under the share purchase agreement, our dependence on third-parties to satisfy certain conditions under the share purchase agreement, changes in the political, legal and/or regulatory environment that may affect the proposed transaction, macroeconomic and geopolitical
developments affecting the Russian economy or our business, and currency fluctuations, as well as those risks and uncertainties included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed on or about April 26, 2024, and "Risk Factors" in the Shareholder Circular filed as Exhibit 99.1 to our Current Report on Form 6-K dated February 8, 2024,
which are or will be available on our investor relations
website athttps://ir.yandex/sec-filingsand on the SEC website athttps://www.sec.gov/.
All information in this presentation is as of April 26, 2024, and YNV undertakes no duty to update this information unless required by law.
2
Yandex N.V. Ownership Structure
Before & after the proposed transaction
- Public Interest Foundation (2) Holdings of Russian shareholders expected to decrease materially as a result of transaction consideration paid in YNV Class A shares
Ownership Structure Pre-Sale
of the Yandex Group
Post-Completion of Sale of the Russian Businesses
by Yandex N.V.
Public
Shareholders
87.9%
Yandex N.V.
100%
International
Businesses
Nebius AI Toloka AI
TripleTen Avride
Data center in Finland
LASTAR Trust, other Class B shareholders, directors, officers & employees
12.1%
PIF1
Priority Share
100%
Businesses in Russia and certain international markets
LASTAR Trust, other Class B shareholders, officers & employees, Remaining Public Shareholders2
100%
YNV
to be renamed
100%
International
Businesses
Nebius AI Toloka AI
TripleTen Avride
Data center in Finland
Purchaser | Future Public |
Consortium | Shareholders |
PIF1
Priority Share
Management
Foundation
Priority Share
The Target
(IJSC "Yandex")
3
The Future of Yandex N.V. (YNV) Post Divestment
Board | At the First Closing, Alexander Voloshin, Alexey Yakovitsky, |
Composition & | Alexander Moldovan, Andrey Betin have agreed to |
Corporate | resign from YNV's Board |
Governance | John Boynton, Charles Ryan, Roger Riinja - will continue |
to serve on the Board | |
We anticipate that, following completion of the Sale, the remaining | |
Board members will propose additional directors with appropriate | |
international business and technology experience for election to | |
our Board and its committees in due course | |
All Russia-related special governance mechanisms to be removed | |
from the articles of association (including PIF priority share and | |
Designated Directors) |
Brand | YNV and International Businesses will cease using the Yandex |
branding, aside from transition period through to the end of July | |
2024 | |
The intention is that a change of name will be proposed to the | |
shareholders in due course |
Listing | YNV intends to delist its Class A Shares from MOEX, |
which will become effective in connection with the Second Closing, | |
and to maintain its listing on Nasdaq |
TSA
Licenses
Connection with Russia
Non-Compete Agreement
Limited Transitional Services Agreements with the Russian Holdco will be put in place, terminating in May 2024
Transitional licenses for intellectual property will be
in place for various fixed periods in 2024 to facilitate further development of retained businesses' own technology
Following the successful closing of the Transaction, there will be no connection between YNV and Russia on an operational, management or governance level, and the Company will have no continuing shareholding in Yandex Russia
YNV will be permitted to operate its International Businesses globally (save for in Russia and Belarus) at any time
For a period of five years following First Closing, YNV cannot develop, nor can the International Businesses grow outside of their original scope so as to compete with the Yandex Russia businesses, as they were conducted at First Closing, anywhere in the world
4
From YNV to a New Company
Post-restructuring, the company will be developing an AI-focused
Name change in due coursesuite of services and solutions to initially cater to markets in Europe, the USA, Asia and the Middle East
New name
to be approved by shareholders
YNV
interim designation
Portfolio of businesses and assets to be retained by YNV
Headquarters
Amsterdam, NL
with teams worldwide
NASDAQ
listed
Own data center
Mäntsälä, FI
Headcount
~1,300
incl. engineers & BD experts
MOEX
listing to be
Nebus AI | Toloka AI |
AI-centric cloud platform | Data-for-GenAI platform |
& GPU provider | and LLM tools |
Avride | TripleTen |
Autonomous vehicles & | EdTech |
delivery robots | |
Own world-class data | Minority investments |
center in Finland | in other technology |
businesses |
5%
of total assets of the Yandex Group (pre-Sale1)
discontinued
(1) As of December 31, 2023
Driven by Competent and Well-Synced Team
THE TEAM
Almost
1,300 total headcount as of the end of Q1 2024
EXCEPTIONAL TECH SKILLS
Top-tier IT professionals in the most in-demand fields
10+ YEARS
ATTUNED TEAMWORK
Efficient intra- and cross-team collaboration enabled by previous experience of working together
5+ YEARS
leading specialists' professional experience in ML/LLM & other fields
Almost
specialists have spent contributing to shared projects (on average)
70% of the headcount are
THE MOST IN-DEMAND
tech professionals
ML / LLM engineers cloud engineers data scientists data analysts security architects
SCALE THINKING
Many tech professionals began their careers in a leading tech company in Europe & the CIS
BIG TECH
MINDSET
rooted in the background of tech team members
LOCAL KNOWLEDGE
Seasoned business development, sales and marketing leaders native to markets of presence
LOCAL &
GLOBAL
team mix to execute business growth strategies
Portfolio of Businesses & Assets Retained by YNV | 1/2 |
NEBIUS AI | TOLOKA AI | TRIPLETEN | AVRIDE |
Business Overview
An AI-centric cloud platform providing infrastructure, computing capacity, ML-oriented cloud solutions, ML workflow platform, and a marketplace for AI tools
Data-for-GenAI solutions for every state of the GenAI lifecycle, from data annotation and generation to quality assessment of LLMs for accuracy and reliability
An EdTech service equipping more of the workforce with the skills they need to build successful careers in AI and IT
A developer of nextgen autonomous vehicles and delivery robots for more efficient and safer urban development
Competitive Edge
15,000 GPUs total capacity of own data center
#1 most powerful commercial
supercomputer in Europe1
20% more cost efficient developing data center infrastructure vs peers
120+ countries covered by
expert network
Diversified client base: from large enterprise clients to GenAI- oriented ventures
Robust cybersecurity: ISO 27001, 27701, GDPR, HIPAA
87% employment rate within
six months of graduation2
Top-rated EdTech in the US
by employment rate, median salary after graduation and student feedback
20M+ kilometers on public roads driven by automated vehicles developed by the team
200,000+ deliveries completed by delivery robots designed by the team
Key Partners
-
Clients
Main locations
NVIDIA | Fortune 500 tech leaders; | Leading universities | Leading automakers & Tier 1 |
leading Gen-AI businesses | suppliers; FoodTech platforms | ||
(1) Source: TOP500 list, November 2023; (2) The figure is provided for the US market. See more in the 2023 Outcomes Report
Portfolio of Businesses & Assets Retained by YNV | 2/2 |
Own World-Class Data Center | |
World's leading
Energy efficiency
5x less
overhead energy used compared to an average data center1
Heat recovery
system that uses server heat to warm local homes
Built by the team
Supercomputers
Nebius has engineered one of the world's most powerful ML-oriented supercomputers, ranking as Europe's most potent commercially available computing infrastructure
TOP 3%
of world's most potent supercomputers2
Power Usage Effectiveness (PUE)
(lower is better, ideal = 1.0)
Source: latest available full-year company reports
Free cooling
featuring higher operational t°, no subcooling, self-controlled humidity
>15%
of additional energy saved as operating environment does not require subcooling of inlet air
- Comparing Nebius' PUE with world's average of 1.58. Source: 2023 Uptime Institute.
86.79 PFlop/s
peak performance, ahead of 97% of other supercomputers globally
#1 most energy efficient
supercomputer out of global TOP 5% most potent commercially available supercomputers3
- Ranked #16 in the universe of 500 supercomputers. Source:Top500supercomputer rating (3) Source: Green500.
GCP
Nebius
Microsoft Azure
Alibaba
AWS
Oracle
IBM
1.10
1.11
1.18
1.22
1.3 (est.)
1.42
1.52
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Disclaimer
Yandex NV published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:01:09 UTC.