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MOBILE TELESYSTEMS PUBLIC JOINT STOCK COMPANY

(MBT)
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Mobile TeleSystems Public Joint Stock : MTS Improves Terms, Raises Loan with Sberbank

10/26/2020 | 10:35am EDT

MOSCOW, Russia - Mobile TeleSystems PJSC ('MTS' or 'the Company' - NYSE:MBT; MOEX:MTSS), Russia's largest mobile operator and a leading provider of media and digital services, announces the restructuring of an existing RUB 70 bn loan and raising of a new RUB 15 bn loan with Sberbank PJSC.

The restructuring agreement for the outstanding RUB 70 bn loan from Sberbank provides for a lower interest rate as well as modified maturity terms. The new RUB 15 bn loan was drawn from an existing revolving credit facility at Sberbank secured by MTS in May 2018, with the funds raised to be used for general corporate purposes.

'MTS continues to seek timely opportunities to optimize our debt portfolio amid a favorable interest rate environment. By improving loan terms and raising additional funds, we are taking another step forward in strengthening our mutually beneficial relationship with Sberbank,' commented Andrey Kamensky, Vice President for Finance.

* * *

For further information, please contact in Moscow:

Investor Relations Department

Mobile TeleSystems PJSC

Tel: +7 495 223 2025

E-mail: ir@mts.ru

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.ir.mts.ru/ir-blog

* * *

Mobile TeleSystems PJSC ('MTS' - NYSE: MBT; MOEX: MTSS), Russia's leading mobile connectivity and digital services provider, offers a range of mobile, fixed-line, and digital services. We serve over 80 million mobile subscribers in Russia, Armenia, and Belarus, and about 9 million customers in Russia of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.ir.mts.ru.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,' 'could,' 'may' or 'might,' and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned 'Risk Factors' that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

* * *

Disclaimer

MTS - Mobile TeleSystems OJSC published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 15:34:08 UTC


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Financials
Sales 2021 520 B 7 155 M 7 155 M
Net income 2021 64 497 M 888 M 888 M
Net Debt 2021 444 B 6 119 M 6 119 M
P/E ratio 2021 10,6x
Yield 2021 8,13%
Capitalization 581 B 8 006 M 8 008 M
EV / Sales 2021 1,97x
EV / Sales 2022 1,87x
Nbr of Employees -
Free-Float 32,6%
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Number of Analysts 13
Last Close Price 681,23 RUB
Average target price 792,65 RUB
Spread / Average Target 16,4%
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Managers and Directors
NameTitle
Vyacheslav Konstantinovich Nikolayev President & Chief Executive Officer
Andrey M. Kamenskiy Chief Financial Officer & Vice President
Felix Vladimirovich Evtushenkov Chairman
Pavel Voronin Vice President-Technology
Regina von Flemming Deputy Chairman
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