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ROSSETI Center and Volga Region

March 22, 2018

IDGC of Centre - managing organization IDGC of Centre and Volga Region held the "Analyst’s Day" for representatives of the investment community, dedicated to the results of the companies’ activities for 2017 and guidance for 2018

Management of IDGC of Centre and IDGC of Centre and Volga Region held a meeting with representatives of the investment community, dedicated to the results of work in 2017 and guidance for 2018. The "Analyst’s Day" aroused considerable interest on the part of analysts from the largest banks and investment companies. IDGC of Centre was represented at the event by Acting Deputy General Director for Economy and Finance Alexander Inozemtsev, Chief Accountant Lyudmila Sklyarova, Deputy General Director for Corporate Governance Sergey Sharapov, and Director for Economy of IDGC of Centre and Volga Region Artem Aleshin.

The main attention of the meeting participants was paid to the published IFRS statements of the companies. Both companies under the management of IDGC of Centre - managing organization IDGC of Centre and Volga Region not only provided qualitative and uninterrupted power supply in 20 regions of Central Russia and the Volga region in 2017, but also showed a significant increase in operating efficiency. As part of the presentation of operational and financial results, Alexander Inozemtsev told the participants of the "Analyst’s Day" about the main trends in the tariff regulation of the industry, the first results of the performance of the functions of the sole executive body of IDGC of Centre and Volga Region and prospects for the companies in the framework of approved business plans.

The centralization of the management functions of IDGC of Centre and IDGC of Centre and Volga Region has already made it possible to achieve good results in terms of reducing operating expenses, which in turn contributed to improving the quality of both companies and increasing their financial stability and investment case. To improve the reliability and continuity of power supply to consumers, we successfully and systematically solved the task of reducing the timing of first responding and restoration operations. Optimization of the centralized emergency stock, reserve of redundant sources of power supply was carried out. Operational and situational management of the grid complex of the two companies has already been integrated and functions as a single whole. A corporate information system based on the combined resource of the common information complex has been created.

Following the results of the "Analyst’s Day" Alexander Inozemtsev noted that holding meetings of this format positively affects the reputation of the companies, contributes to increasing disclosure and helps representatives of the investment community make informed decisions in the field of investment and capital management.

Detailed information about the presentation materials for the "Analyst’s Day" can be found at: https://www.mrsk-1.ru/en/investors/presentations/and https://www.mrsk-cp.ru/en/stockholder_investor/investor_analytics/.

 

 

 

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