Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO

(HYDR)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PJSC RusHydro : RusHydro Group announces its operating results for 2Q 2021

07/20/2021 | 07:44am EDT
PJSC RusHydro (HYDR) 
PJSC RusHydro: RusHydro Group announces its operating results for 2Q 2021 
20-Jul-2021 / 13:43 CET/CEST 
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 
(MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
RusHydro Group announces its operating results for 2Q 2021 
July 20, 2021. Moscow, Russia. PJSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces operating 
results for the 2nd quarter of 2021, of the parent company and subsidiaries of RusHydro Group reflected in consolidated 
financial statements. 
Total electricity output in 1H 2021 was at the normal level or above, yet below year-on-year on the back of high base 
effect. 
 
Key highlights of 2Q 2021: 
  ? 39,564 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (-1.9%)[1]; 
  ? 29,503 GWh - electricity output from hydro and pumped storage plants excl. Boguchanskaya HPP (-1.7%); 
  ? 5,628 GWh - electricity output from thermal power plants (-6.5%); 
  ? 4,904 thousand Gcal/h - heat output from thermal power plants in the Far Eastern Federal District (+1.3%); 
  ? 8,788 GWh - sales by Group's electricity retail companies in (+3.1% y-o-y). 
Key highlights of 1H 2021: 
  ? 73,147 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (-6.0%); 
  ? 49,453 GWh - electricity output from hydro and pumped storage plants in excl. Boguchanskaya HPP (-9.7%); 
  ? 14,065 GWh - electricity output from thermal power plants (+0.6%); 
  ? 15,918 thousand Gcal/h - heat output from thermal power plants in the Far Eastern Federal District (-6.2%); 
  ? 21,260 GWh - sales by Group's electricity retail companies in (+3.9% y-o-y). 
Electricity generation by the plants of RusHydro Group, GWh 
                                                   2Q'21  2Q'20  chg, % 1H'21  1H'20  chg, % 1H'21 / 1H'19 
Center of Russia                                   13,251 16,386 -19.1% 21,161 28,759 -26.4% 9.3% 
South of Russia and North Caucasus                 2,540  2,013  26.2%  3,726  3,282  13.5%  12.4% 
Siberia                                            9,079  7,541  20.4%  14,800 13,588 8.9%   38.8% 
Total for the price zones                          24,870 25,941 -4.1%  39,687 45,629 -13.0% 19.0% 
Far East                                           4,160  3,567  16.6%  8,474  7,936  6.8%   28.8% 
RAO ES East                                        6,214  6,627  -6.2%  15,579 15,414 1.1%   -0.4% 
TOTAL                                              35,242 36,135 -2.5%  63,739 68,978 -7.6%  14.7% 
incl. by HPPs, PSPPs[2]                            29,503 30,006 -1.7%  49,453 54,774 -9.7%  19.4% 
incl. by TPPs and other                            5,628  6,019  -6.5%  14,065 13,978 0.6%   1.1% 
Incl. by alt. renewables (geothermal, solar, wind) 111    110    1.3%   221    226    -2.2%  0.5% 
Boguchanskaya HPP3                                 4,321  4,207  2.7%   9,409  8,843  6.4%   27.8% 

The underlying factors of the production change in January-June 2021 were: ? water inflows to the reservoirs of the Volga-Kama cascade, Siberia and the Far East at the normal level or slightly

above, yet below last year's level; ? water inflows to the reservoir of Chirkeyskaya HPP at the normal level; ? increase of electricity consumption in the Far East by 1.0% ? increase of heat output in the Far East driven by weather conditions.

Heat output by thermal plants of RAO ES of the East Subgroup, '000 GCal

                                   2Q'21 2Q'20 Chg.   1H'21  1H'20  Chg. 
JSC DGK incl.                      3,138 3,074 2.1%   10,064 11,294 -10.9% 
   Primorye power system           704   706   -0.3%  1,610  2,382  -32.4% 
   Khabarovsk power system         1,768 1,703 3.8%   5,802  6,502  -10.8% 
   Amur power system               356   365   -2.6%  1,457  1,346  8.2% 
   South Yakutsk power district    310   299   3.6%   1,195  1,063  12.4% 
JSC RAO ES East (CHPP Vostochnaya) 133   166   -19.8% 499    519    -4.0% 
PJSC Yakutskenergo                 355   330   7.7%   1,521  1,398  8.8% 
UES of East                        3,626 3,570 1.6%   12,084 13,211 -8.5% 
Yakutsk power system incl.         182   165   10.2%  788    680    15.8% 
   JSC Sakhaenergo                 10    12    -14.8% 38     40     -7.0% 
   JSC Teploenergoservice          172   153   12.1%  750    640    17.3% 
Kamchatka power system incl.       416   442   -5.9%  1,167  1,203  -3.0% 
   PJSC Kamchatskenergo            401   434   -7.7%  1,120  1,165  -3.9% 
   JSC KSEN                        15    8     92.8%  47     38     22.6% 
Magadan power system               267   249   7.3%   760    723    5.1% 
Chukotka AO power system           84    91    -8.2%  232    251    -7.9% 
Sakhalin power system              330   325   1.5%   888    895    -0.8% 
Isolated power systems             1,278 1,272 0.5%   3,834  3,753  2.2% 
TOTAL                              4,904 4,842 1.3%   15,918 16,971 -6.2% 

Electricity retail

Total electricity output by RusHydro Group's energy retail companies in 2Q 2021 increased by 3.0% to 10,763 GWh as compared to 2Q 2020. In the first half of 2021, output increased by 3.7% to 25,817 GWh as compared to the corresponding period of 2020. The increase came on the back of climate factor aided by economic recovery as electricity consumption increased following lifting of restrictions implemented in 2020 on the back of COVID-19 pandemic spread.

Electricity output by RusHydro Group's retail companies, GWh

                                        2Q'21  2Q'20  Chg.   1H'21  1H'20  Chg. 
PJSC Krasnoyarskenergosbyt              2,554  2,365  8.0%   6,107  5,707  7.0% 
JSC Chuvash retail company              747    692    8.0%   1,728  1,603  7.9% 
PJSC Ryazan retail company              565    555    1.9%   1,248  1,203  3.8% 
JSC ESC RusHydro                        360    463    -22.3% 724    934    -22.4% 
PJSC DEK                                4,561  4,451  2.5%   11,452 11,026 3.9% 
Total                                   8,788  8,525  3.1%   21,260 20,472 3.9% 
Isolated energy systems (for reference) 1,975  1,924  2.7%   4,557  4,415  3.2% 
Total by Group                          10,763 10,449 3.0%   25,817 24,887 3.7% 

Water inflows forecast

According to the forecast of the Hydrometeorology Center of Russia, the following dynamics of water inflows to the major reservoirs is expected in the 3rd quarter of 2021: ? In Siberia, water inflows to Sayano-Shushenskoye reservoir are expected above the normal level, to Novosibirskoye

reservoir - close to the normal level ? In the Far East, inflows to Zeyskoye and Kolymskoye reservoirs are expected to be close to the long-run average. ? Total water inflows to reservoirs of the hydropower plants of the Volga-Kama cascade and Chirkeyskoye reservoir are

expected below the normal level or close to it.

About RusHydro

RusHydro Group is the leading producer of renewable energy in Russia with over 400 generating facilities. It is Russia's largest generating company and is the third hydropower company in the world. The Group's total electricity generation capacity including Boguchanskaya HPP is 38.0 GW.

For more information:

Investor Relations Department

Tel. +7 (495) 122 0555 ext. 1304

ir@rushydro.ru

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," 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 from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations. -----------------------------------------------------------------------------------------------------------------------

[1] Hereinafter data is reported excluding Armenia and Primorskaya GRES. On 11.03.2020 RusHydro has finalized divestment of its assets in Armenia to PJSC Hrazdan Power Company (HrazTES, Tashir Group). Primorksaya GRES was sold to SUEK Group in June 2020

[2] Includes generation by HPPs of JSC RusHydro, Kolymskaya HPP and Viluiskie HPPs (RAO ES East Subgroup).

(MORE TO FOLLOW) Dow Jones Newswires

July 20, 2021 07:43 ET (11:43 GMT)

All news about PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO
09/21PJSC RUSHYDRO : Agenda of the Board of Directors meeting on October 07, 2021
EQ
09/21PJSC RUSHYDRO : Agenda of the Board of Directors meeting on October 07, 2021
DJ
09/02ROSNEFT OIL : To Develop EV Charging Stations With RusHydro In Russia
MT
09/02POLYUS : Extends Electricity Supply Deal With RusHydro
MT
09/02Polyus Extends Energy Agreement with RusHydro
CI
08/27PJSC RUSHYDRO : Results of the Board of Directors Meeting on August 26, 2021
DJ
08/26PJSC RUSHYDRO : RusHydro Group announces 1H 2021 -2-
DJ
08/26PJSC RUSHYDRO : RusHydro Group announces 1H 2021 IFRS results
DJ
08/26Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro Reports Earnings..
CI
08/20PJSC RUSHYDRO : Agenda of the Board of Directors meeting on August 26, 2021
DJ
More news
Financials
Sales 2021 442 B 6 059 M 6 059 M
Net income 2021 61 271 M 839 M 839 M
Net Debt 2021 142 B 1 944 M 1 944 M
P/E ratio 2021 5,88x
Yield 2021 6,53%
Capitalization 353 B 4 847 M 4 839 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,24x
Nbr of Employees 5 168
Free-Float 28,1%
Chart PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO
Duration : Period :
Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 0,81 RUB
Average target price 0,99 RUB
Spread / Average Target 21,7%
EPS Revisions
Managers and Directors
Viktor Viktorovich Khmarin Chairman-Management Board & General Director
Yuriy Petrovich Trutnev Chairman
Vadim Vladislavovich Nedotko Head-Economic Planning, Investments & Controlling
Vyacheslav Viktorovich Pivovarov Independent Director
Maxim Sergeevich Bystrov Independent Director