A
meeting of the Board of Directors of Rosseti Centre and Volga region,
PJSC was held, which approved the Company’s Business Plan for 2024
and took note of the forecast indicators for 2025-2028. The Business
Plan for 2024 and the forecast indicators for 2025-2028 were formed
in accordance with the Forecast of socio-economic development of the
Russian Federation. The document contains the main parameters of the
Company’s activities for the next 5 years, including in terms of
the planned volume of electricity transmission services, the level of
electricity losses, the Company’s revenue in the main areas of
activity and expenses of the Companies, as well as the expected
financial result for the entire planning period.
Indicators
of the Company’s Business Plan for 2024:
Data
in mln RUB, unless specified otherwise
Indicators
|
Planned
for
2024
|
Expected
fact for 2023
|
Change
|
Revenue
(total), including:
|
133
293
|
125
716
|
6,0%
|
Revenue
from electric energy transmission
|
126
057
|
119
643
|
5,4%
|
Revenue
from grid connection
|
3
880
|
3
138
|
23,6%
|
Revenue
from other activity
|
3
356
|
2
935
|
14,3%
|
Cost
of sales (taking into account selling and administrative expenses)
|
115
925
|
106
816
|
8,5%
|
EBITDA1
|
32
752
|
30
882
|
6,1%
|
EBITDA
margin, %
|
24,6%
|
24,6%
|
0,0
p.p.
|
Net
profit
|
10
481
|
11
571
|
-9,4%
|
Net
profit margin, %
|
7,9%
|
9,2%
|
-1,3
p.p.
|
Amount
of electric energy transmitted2, million kWh
|
49
819
|
49
761
|
0,1%
|
Electric
energy losses, %
|
7,38%
|
7,35%
|
0,03
p.p.
|
Indicators
|
Planned
for 31.12.2024
|
Expected
fact for 31.12.2023
|
Change
|
Total
assets
|
181
431
|
178
073
|
1,9%
|
Net
assets
|
105
267
|
98
112
|
7,3%
|
Net
debt3
|
23
856
|
20
247
|
17,8%
|
|
[1]
EBITDA is calculated as follows: profit before tax +
interest payable + depreciation charges
|
[2] Taking
into account generator voltage
|
[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 2024, will increase relative to the expected fact
in 2023 by 0,1% and will amount to 49 819 million kW. A
positive change in the volume of net supply in 2024 relative to 2023
is expected due to an increase in electricity consumption by large
industrial consumers and oil industry enterprises. The relative
amount of electricity losses planned for 2024 is 7,38%. The increase
in losses is due to consolidation of grids. For 2024 and subsequent
periods, measures are planned to reduce losses, including the
implementation of targeted organizational and technical measures, as
well as the installation of commercial and technical electricity
metering as part of the investment program and non-tariff sources.
The
growth in revenue from electricity transmission services planned in
the Business Plan for 2024 by 5,4% relative to the expected fact in
2023 is due to the expected increase in the volume of the service
provision and a change in unified “boiler” tariffs. The increase
in revenue from grid connection services in 2024 compared to the
expected fact in 2023 (+23,6%) is associated with the planned
implementation in 2024 of large connection contracts in the Kaluga
and Tula regions. In 2024, the Company will continue to work to
increase the volume of provision of unregulated services and
forecasts receipt of revenue from other activities in the amount of
at least 3 356 million RUB, which is 14,3% higher than the
expected fact in 2023. The increase in revenue in 2024 is ensured by
growth in income from services for construction and installation
work, consulting, organizational and technical services, and other
services.
The
increase in the cost of sales in 2024 relative to the expected result
in 2023 is mainly due to inflationary factors, increased costs for
compensation for electricity losses and payment for services of grid
organizations.
Earnings
before interest, taxes, depreciation and amortization (EBITDA) is
projected above the expected fact in 2023 by 6,1% and will amount to
32 752 million RUB. Net profit for 2024 is projected in the amount of
10 481 million RUB. In general, the Business Plan provides a positive
financial result of activities for the entire planning period, which
indicates the stable financial condition of the Company.
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