A
meeting of the Company’s Board of Directors was held, which
approved the Company’s Business Plan for 2023 and took note of the
forecast indicators for 2024-2027. The Business Plan provides for an
increase of the production potential and key financial indicators by
the end of 2023.
Indicators
of the Company’s Business Plan for 2023:
Data
in mln RUB, unless specified otherwise
Indicators
|
Planned
for
2023
|
Expected
fact for 2022
|
Change
|
Revenue
(total), including:
|
122
362
|
111
530
|
9,7%
|
Revenue
from electric energy transmission
|
117
401
|
106
851
|
9,9%
|
Revenue
from grid connection
|
2
520
|
2
393
|
5,3%
|
Revenue
from other activity
|
2
441
|
2
286
|
6,8%
|
Cost
of sales
|
103
300
|
93
307
|
10,7%
|
Sales
profit1
|
18
025
|
17
248
|
4,5%
|
Sales
profit margin, %
|
14,7%
|
15,5%
|
0,7
p.p.
|
EBITDA2
|
30
012
|
27
597
|
8,8%
|
EBITDA
margin, %
|
24,5%
|
24,7%
|
-0,2
p.p.
|
Net
profit
|
11
271
|
10
575
|
6,6
%
|
Net
profit margin, %
|
9,2%
|
9,5%
|
-
0,3 p.p.
|
Amount
of electric energy transmitted, million kWh
|
48
961
|
49
468
|
-1,0%
|
Electric
energy losses, %
|
7,39%
|
7,52%
|
-0,13
p.p.
|
Indicators
|
Plannedfor
31.12.2023
|
Expected
fact for 31.12.2022
|
Change
|
Total
assets
|
160
261
|
154
213
|
3,9%
|
Net
assets
|
96
530
|
85
253
|
13,2%
|
Loans
and credits
|
29
820
|
27
401
|
8,8%
|
Cash
and cash equivalents + Financial investments (short-term)
|
905
|
3
032
|
-70,2%
|
Net
debt3
|
28
915
|
24
369
|
18,7%
|
[1]
Revenue net of cost of sales, selling and administrative
expenses
|
[2]
EBITDA is calculated as follows: profit before tax +
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
|
The
volume of electricity transmission services, according to the
Business Plan for 2023, will decrease relative to the expected fact
in 2022 by 1,0% and will amount to 48 961 million kW. The decrease is
due to predicted reduction in electricity consumption by a number of
large consumers, as well as temperature deviations in 2022 from the
average climatic values (an abnormally cold winter period), the
forecast for 2023 took into account the average statistical data of
weather conditions. The level of electricity losses in 2023 will
decrease by 0,13 p.p. compared to the expected level in 2022 and will
be 7,39%. Measures to reduce losses are planned for 2023 and
subsequent periods, including the implementation of targeted
organizational and technical measures, as well as the installation of
commercial and technical electricity metering devices as part of the
investment program and non-tariff sources.
The
9,9% increase in revenue from electricity transmission services
planned in the Business Plan for 2023 compared to the expected fact
in 2022 is due to growth of the unified “boiler” tariffs from 1
December 2022. Revenue from grid connection services in 2023 is
expected to be 2 520 million RUB, which is 5,3% higher than the
expected level at the end of 2022. The increase in revenue is due to
the planned implementation in 2023 of major grid connection
contracts, as well as a change in tariff rates for preferential
groups of applicants from 01.07.2022. In 2023, the Company will
continue to work to increase the volume of provision of non-regulated
services and predicts receipt of revenue from other activities in the
amount of at least 2 441 million RUB, which is 6,8% higher than the
expected revenue for 2022.
The
increase in the cost of sales in 2023 is due to inflationary factors,
an increase in the cost of buying electricity losses and paying for
services of grid companies.
Earnings
before interest, taxes, depreciation and amortization (EBITDA) in
2023 is projected in the amount of 30 012 million RUB, which is
8,8% higher than the expected fact in 2022. Net profit for 2023
is planned in the amount of 11 271 million RUB, which is above the
expected indicator in 2022 by 6,6%.
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