Construction[iv] ? Order intake equaled Rub 2.0 billion. Backlog grew to Rub 1.2 billion. This growth was related to anincrease in a volume and price of a current construction contract under execution. ? Revenue was down to Rub 359 million, compared with Rub 406 million for 6m 2020. EBITDA was Rub (21)million, compared with Rub 39 million last year. 


in millions of Rub  6m 2021 6m 2020 Change yoy 2Q 2021 1Q 2021 Change qoq 
Orders              1,981   210     846%       26      1,955   -99% 
Backlog             1,208   690     75%        1,208   1,358   -11% 
Revenue             359     406     -12%       166     193     -14% 
EBITDA              (21)    39      na         (3)     (18)    na 
EBITDA margin       -5.8%   9.6%               -1.8%   -9.2% Working capital and Capital expenditures ? Working capital increased to Rub 11.8 billion (+13% yoy), compared with Rub 10.5 billion at the end of 6m2020. Working capital changes are within the normal quarterly volatility. ? As a share of revenue LTM, working capital was at 22.4% vs. 22.1% at the end of 6m 2020. ? Maintenance capex was Rub 658 million, down by 11% yoy, compared with Rub 743 million during 6m 2020. 
in millions of Rub            6m 2021 6m 2020 Change yoy 2Q 2021 1Q 2021 Change qoq 
Working capital               11,844  10,486  13%        11,844  8,183   45% 
Working capital / Revenue LTM 22.4%   22.1%              22.4%   16.9% 
Maintenance  capex            658     743     -11%       217     440     -51% 
Acquisitions                  -       -                  -       -

DEBT POSITION ? Total debt down 1% yoy to Rub 22.5 billion, compared with Rub 22.8 billion at the end of 6m 2020. ? Net debt was Rub 16.6 billion, up by 2% yoy, compared with Rub 16.2 billion at the end of 6m 2020. ? Net debt to EBITDA LTM ratio was 2.91x, down from 3.25x at the end of 6m 2020. 


in millions of Rub    6m 2021 6m 2020 Change yoy 2Q 2021 1Q 2021 Change qoq 
Total debt            22,496  22,752  -1%        22,496  22,209  1% 
Net debt              16,581  16,177  2%         16,581  13,053  27% 
Net debt / EBITDA LTM 2.91    3.25               2.91    2.52

SIGNIFICANT EVENTS AFTER THE REPORTING DATE

BUYBACK PROGRAM ? After the reporting date, no GDRs have been purchased under the buyback program. ? Since the beginning of 2021, there have been 176,000 GDRs repurchased. Following the above transaction,the Company holds 257,960 of its GDRs in treasury (1.1% of its issued share capital).

DIVIDENDS ? The Board of Directors at the meeting on April 21, 2021, recommended payment of the final dividends inrespect of FY 2020 in the amount of Rub 4.25 per one ordinary share (Rub 21.25 per one GDR). The dividends wereapproved at the AGM in June and paid on July 1, 2021, to shareholders on the HMS' register at close of business (UKtime) on June 18, 2021.

BONDS ? On September 1, 2021, the Moscow Exchange registered an Exchange bonds program of one of HMS Group'sfacilities (JSC "HYDROMASHSERVICE"). The total volume of all the exchange bond issues placed within the programdoesn't exceed Rub 15 billion, and the issue tenor is not more than 3,640 days from the date of the issueplacement. ***

Webcast to discuss 6 months 2021 IFRS results

Date: Monday, September 27, 2021

Time: 12.00 (MOSCOW) / 10.00 (London)

HMS Group 6m 2021 IFRS results

Conference passcode: 1667366

To participate in the conference call, please dial in:

Russia Local: +7 495 213 1767

Russia Toll Free: 8 800 500 9283

UK Local: +44 (0)330 336 9125

UK Toll Free: 0800 358 6377

US Local: +1 323 794 2093

US Toll Free: 800 458 4121

Live link

https://www.webcast-eqs.com/hmsgroup20210927

Contacts:

Investor Relations, ir@hms.ru

***

HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group's products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia's core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group's global depositary receipts ("GDRs") are listed under the symbol "HMSG" on the London Stock Exchange and the Moscow Exchange.

Press Release Information Accuracy Disclaimer

Information published in press releases was accurate at the time of publication but may be superseded by subsequent releases or other information.

LEI: 254900DDFETNLASV8M53

Consolidated Statement of Financial Position at 30 June 2021 (unaudited)

in thousands of Russian Roubles, unless otherwise stated 


                                                       30 June 2021 31 December 2020 
ASSETS 
Non-current assets: 
Property, plant and equipment                          14,384,553   14,684,279 
Other intangible assets                                1,590,627    1,743,399 
Goodwill                                               3,190,624    3,255,984 
Right-of-use assets                                    200,254      183,211 
Investments in associates                              94,933       94,307 
Deferred income tax assets                             815,368      786,455 
Other long-term assets                                 5,733        42,252 
Investment property                                    172,008      176,833 
Total non-current assets                               20,454,100   20,966,720 
 
 
Current assets: 
Inventories                                            10,452,424   8,847,749 
Trade and other receivables and other financial assets 12,835,583   15,598,766 
Contract assets                                        11,379,208   6,201,354 
Current income tax receivable                          138,151      94,972 
Cash and cash equivalents                              5,915,041    10,360,588 
Total current assets                                   40,720,407   41,103,429 
TOTAL ASSETS                                           61,174,507   62,070,149 
 
EQUITY AND LIABILITIES 
 
EQUITY 
Share capital                                          48,329       48,329 
Share premium                                          3,523,535    3,523,535 
Treasury shares                                        (93,775)     (33,055) 
Other reserves                                         129,392      129,392 
Currency translation reserve                           578,984      646,427 
Retained earnings                                      5,353,615    5,510,974 
Equity attributable to the shareholders of the Company 9,540,080    9,825,602 
Non-controlling interests                              3,607,196    3,518,674 
TOTAL EQUITY                                           13,147,276   13,344,276 
 
LIABILITIES 
Non-current liabilities: 
Long-term borrowings                                   14,880,643   20,452,736 
Deferred income tax liability                          1,474,276    1,421,489 
Retirement benefit obligations                         637,311      646,213 
Provisions for liabilities and charges                 197,920      228,199 
Lease liabilities                                      167,032      153,048 
Other long-term payables                               266,719      230,581 
Total non-current liabilities                          17,623,901   23,132,266 
 
 
Current liabilities: 
Trade and other payables                               20,234,212   17,969,950 
Contract liabilities                                   1,404,426    4,304,845 
Short-term borrowings                                  7,423,907    1,548,574 
Provisions for liabilities and charges                 528,003      589,762 
Retirement benefit obligations                         78,573       77,859 
Lease liabilities                                      24,118       20,440 
Current income tax payable                             47,216       134,080 
Other taxes payable                                    662,875      948,097 
Total current liabilities                              30,403,330   25,593,607 
TOTAL LIABILITIES                                      48,027,231   48,725,873 
TOTAL EQUITY AND LIABILITIES                           61,174,507   62,070,149

Consolidated Statement of Profit or Loss and Other Comprehensive Income for the six months ended 30 June 2021 (unaudited)

in thousands of Russian Roubles, unless otherwise stated 


 
                                                                                               Six months   Six months 
                                                                                               ended        ended 
                                                                                               30 June 2021 30 June 2020 
Revenue                                                                                        25,795,798   19,498,083 
Cost of sales                                                                                  (20,931,033) (15,537,017) 
Gross profit                                                                                   4,864,765    3,961,066 
 
Distribution and transportation expenses                                                       (764,521)    (905,929) 
General and administrative expenses                                                            (2,589,855)  (2,404,748) 
Other operating expenses, net                                                                  (84,735)     (126,603) 
Operating profit                                                                               1,425,654    523,786 
 
Finance income                                                                                 94,976       163,837 
Finance costs                                                                                  (916,536)    (941,454)

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