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TGC-1

May 16, 2022

TGC-1 releases IFRS Financial Statements for 3M 2022

TGC-1 releases unaudited abbreviated interim consolidated Financial Statements for the 12 months period, ended March 31, 2022 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

3Ě 2021

3Ě 2022

Revenue

32,503

36,379

Operating Expenses

(26,815)

(28,753)

Operating Profit

5,429

7,677

EBITDA*

8,308

10,882

Profit for the Period

4,396

6,266

* EBITDA is calculated as Operating profit + Depreciation and Amortization.

Consolidated TGC-1 Group revenue for 3M 2022 increased by 11.9% year-on-year, up to RUB 36,379 mln. The revenue growth resulted from increased electricity spot prices and growing electricity and heat demand in the North-West region on the back of lower air temperature in 1Q 2022.

Group’s comparable operating expenses increased by 7.2%, up to RUB 28,753 mln year-on-year, mainly, on the account of growing fuel expenses, on the back of increased CHPs production.

Group’s operating profit increased to RUB 7,677 mln, up by 41.4%, EBITDA for the period amounted to RUB 10,882 mln (+31.0%). Profit for the period amounted to RUB 6,266 mln (+42.5%).

Full TGC-1 3M 2022 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat in the North-West region of Russia. It operates 52 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %).

Contacts for mass-media

Contacts for investors

+7 (812) 688-32-84

press@tgc1.ru

+7 (812) 688-33-07

ir@tgc1.ru

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