November 10, 2017 Moscow

RELEASE Mosenergo 9m 2017 IFRS Profit Grew by 2.3 times

Mosenergo releases unaudited interim consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2017.

Consolidated Statement of Comprehensive Income Key Figures, (mn RUR)

9m 2016

9m 2017

Revenue

127,630

135,345

Variable Costs

(85,275)

(84,141)

Fixed Costs (1)

(18,643)

(19,089)

EBITDA (2)

18,874

30,716

EBITDA adj.(3)

23,712

32,115

Depreciation of Property, Plant and Equipment

(11,212)

(11,238)

Operating Profit

7,662

19,478

Profit for the Period

7,331

16,820

(1) Excluding depreciation of PP&E

(2) EBITDA = operating profit + depreciation of PP&E

(3) Adjusted on net charge on impairment and other provisions

Company revenue grew by 6.0% year-on-year up to RUR 135,345 mn. The main reason for the revenue growth was high performance of SGT-units, commissioned under Capacity Supply Agreements (CSA).

Variable costs for 9m 2017 decreased by 1.3% year-on-year, down to RUR 84,141 mn.

Fixed costs (excluding depreciation of PP&E) in the reporting period slightly increased by 2.4%, up to RUR 19,089 mn.

EBITDA for 9m 2017 amounted to RUR 30,716 mn (+62.7% year-on-year). Mosenergo IFRS profit for 9m 2017 increased by 2.3 times, up to RUR 16,820

mn.

MOSENERGO PR DEPARTMENT

Tel.: Fax:

Е-mail: Website:

(495) 957-1-957, ext. 2282, 2290

(495) 957-37-99

press-centre@mosenergo.ru http://www.mosenergo.ru

OAO Mosenergo published this content on 10 November 2017 and is solely responsible for the information contained herein.
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