Financial performance

1 quarter 2 quarter 1 half 3 quarter 9 months 4 quarter Annual indicators

3 quarter

Financial performance under RAS Revenue under RAS broken down by the branches Financial ratios under RAS Financial performance under IFRS

Financial performance under RAS in 2018 – 2022

Graph

RUR bln	Начальное изменение	3Q 2018	3Q 2019	3Q 2020	3Q 2021	3Q 2022
Revenue	5,9	21,7	22.1	22.5	24,2	25,0
- from electric power transmission	3,5	20.6	21.3	21.2	23,1	23,6
- from technological connection	33,3	0.4	0.4	0.3	0,3	0,5
- from resale of electricity and power	0,0	0.1	0.1	0.1	0,1	0,1
- other	66,7	0,5	0.3	0.8	0,7	0,8
Prime cost	5,9	19,6	20.1	20.5	22,0	21,5
Sales profit (loss)¹	6,7	1.6	1.5	1.5	1,7	3,2
EBITDA²	-16,2	3.1	3.9	4.5	4,5	4,3
Net profit (loss)	-28,6	-0.5	0.0	0.7	0,5	0,3
Total assets	-0,8	118.2	121.2	127.5	129,9	135,5
Net assets	1,8	58.1	58.4	57.3	60,6	55,7
Loans and credits	-5,7	39.7	41.4	45.8	43,4	42,6
Cash and cash equivalents Financial investments	-92,0	0.2	0.5	3.0	1,3	6,7
Net debt³	-0,3	39.5	40.9	42.8	42,2	35,8

¹ – Revenue net of cost of sales, selling and administrative expenses
² – EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges
³ – Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents – short-term financial investments

Revenue under RAS broken down by the branches for 2018 – 2022

Graph

RUR bln	Начальное изменение	2Q 2018	2Q 2019	2Q 2020	2Q 2021	2Q 2022
Belgorodenergo	9,7	3.4	3.1	3.6	3,5	3,6
Bryanskenergo	0,0	1.2	1.3	1.3	1,3	1,4
Voronezhenergo	10,0	3.3	3.5	3.7	4,0	4,2
Kostromaenergo	0,0	1.2	1.2	1.2	1,3	1,3
Kurskenergo	6,3	1.7	1.8	1.8	2,0	2,1
Lipetskenergo	5,0	2.1	2.1	2.1	2,4	2,5
Orelenergo	10,0	1.1	1.1	1.1	1,2	1,2
Smolenskenergo	6,3	1.7	1.7	1.7	1,9	1,9
Tambovenergo	7,7	1.4	1.4	1.4	1,5	1,6
Tverenergo	4,2	2.5	2.5	2.5	2,5	2,6
Yarenergo	0,0	2.1	2.2	2.2	2,5	2,5

Financial ratios under RAS for 2018 – 2022

Graph

	Начальное изменение	3Q 2018	3Q 2019	3Q 2020	3Q 2021	3Q 2022
Current liquidity ratio	-22,0	0,85	0,74	0,68	1,20	0,59
Solvency reestablishing ratio	-16,0	0,42	0,40	0,68	0,79	0,59
Solvency loss ratio	-19,2	0,42	0,39	0,32	0,70	0,26
The ratio of total liabilities to total equity	-3,7	1,04	1,07	1,22	1,14	1,44
The ratio of current liabilities to total equity	0,0	0,30	0,41	0,54	0,27	0,81
Accounts receivable turnover, times (the indicator is calculated from the period beginning)	18,1	1,89	1,57	1,57	1,65	1,70
Net fixed assets index	1,1	1,79	1,78	1,87	1,83	2,00
Equity-assets ratio	2,1	0,49	0,48	0,45	0,47	0,41
Return on sales, % (indicator is calculated from the period start)	0,9	-2,46	0,52	3,30	1,88	1,27
Return on costs, % (indicator is calculated from the period start)	1,0	-2,72	0,57	3,63	2,07	1,49

Financial performance under IFRS in 2019 – 2023

Graph

RUR mln	Начальное изменение	3Q 2019	3Q 2020	3Q 2021	3Q 2022	3Q 2023
Revenue	2,1	22 119,8	23 291,6	25 453,0	26 187,9	28 524,7
- from electric energy transmission	3,1	21 265,5	21 910,6	24 259,1	24 622,8	26 776,2
- from grid connection	-3,1	420,7	385,0	324,6	586,3	967,4
- from resale of electric energy and power	4,3	107,8	106,2	117,9	118,0	75,7
- other	-35,8	325,8	903,4	767,7	860,8	705,4
Operating costs, RUR	-2,2	20 186,1	21 315,4	23 406,0	24 532,0	25 995,2
Other profit, RUR	7,1	341,0	357,8	338,6	359,0	846,1
Operating profit/(loss), RUR	98,8	1 539,3	2 244,9	2 288,5	1 749,5	3 504,5
EBITDA, RUR	31,5	4 231,0	5 981,9	5 368,7	4 924,4	6 774,7
Profit/(loss) for the period, RUR	-410,1	491,8	1 813,5	823,0	478,9	1 692,9
Total equity, RUR	0,0	45 589,8	49 893,1	51 314,6	53 319,6	60 245,8
Total assets, RUR	4,6	109 636,2	125 689,8	124 695,1	134 053,4	143 679,1
Loans and credits, RUR	8,6	43 052,0	48 171,3	47 440,3	49 537,8	46 626,3
Cash and cash equivalents, RUR	144,8	529,4	3 544,7	1 803,2	5 375,9	5 343,2
Net debt¹, RUR	7,9	42 522,5	44 626,6	45 637,1	44 161,9	41 283,1

¹ – net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents