According to the prepared in accordance with the Russian Accounting Standards statements for 6 months of 2022, revenue of Rosseti Centre, PJSC (the ticker - MRKC) was 52 356,4 mln RUB, including from electric energy transmission – 49 829,7 mln RUB, from grid connections – 938,1 mln RUB, from sale of electric energy and power – 308,7 mln RUB and other revenue – 1 279,9 mln RUB. Sales profit1 was 6 437,4 mln RUB. Earnings before interest, taxes, depreciation and amortization (EBITDA2) reached 12 649,6 mln RUB, EBITDA margin increased against the same period last year and was 24,2%. Net profit increased to 3 252,0 mln RUB.

Data in million RUB, unless specified otherwise

^[1] Revenue net of cost of sales, selling and administrative expenses

^[2] EBITDA is calculated as follows: Profit before tax + Interest payable + Depreciation

^[3] Net debt is calculated as follows: long-term borrowed funds + short-term borrowed funds – cash and cash equivalents – short-term financial investments

^* Taking into account the volume of services for the transmission of electricity in the territory of execution of the functions of the electricity supplier of last resort in the Tver region in the service area of JSC Transservisenergo

The volume of services for the transmission of electricity amounted to 24 054,8 million kWh. The increase by 0,8%, compared to the same period last year, is associated with the lifting of quarantine measures, the climatic factor due to colder temperatures in the 2nd quarter, an increase in consumption by the population and equivalent consumer groups. The level of electricity losses was 10,26%. The increase in the indicator is caused by the inclusion in the calculation of the volume of losses in grids consolidated in 2021-2022, as well as a change in consumption volumes at a low voltage level.

Revenue for electricity transmission services following the results of 6 months of 2022 increased by 3,7% against the same period of 2021 due to growth in the volume of rendered electricity transmission services and an increase in tariffs from 1 July 2021.

Revenue from grid connection services following the results of 6 months of 2022 increased by 123,7% against the same period of 2021, which is connected with the completion of the execution in the 1st half of 2022 of major grid connection contracts.

Other revenue for 6 months of 2022, compared to the same period last year, increased by 13,5% due to the growth in the volume of non-tariff services provided.

The increase in the cost of purchased electricity to compensate for losses, as well as the cost of personnel due to indexation of wages, led to an increase in the cost of sales by 2,1% (up to 44 991,6 mln RUB).

The EBITDA² indicator increased by 14,5% and amounted to 12 649,6 mln RUB. The net profit grew up by 8,7% to 3 252,0 mln RUB.

The Company’s total assets as of 30 June 2022 amounted to 134 632,3 mln RUB (as of 31 December 2021 – 132 752,6 mln RUB). The Company’s net assets grew up by 3,4% and amounted to 55 330,4 mln RUB. The net debt3 decreased to 36 115,2 mln RUB (as of 31 December 2021 – 38 826,6 mln RUB).

The Company’s statements for 6 months of 2022 can be found at: https://mrsk-1.ru/en/information/statements/rsbu/2022/.