SISTEMA PUBLICFINANCIAL CORPORATION FINANCIAL RESULTS
4Q & FY 2022
April 2023
DISCLAIMER
Certain statements in this presentation may contain assumptions or forecasts in respect to forthcoming events within Sistema PJSFC or
its portfolio companies. The words "expect", "estimate", "intend", "will", "could" and similar expressions identify forward-looking statements.
We wish to caution you that these statements are only predictions and that actual events or results may differ materially.
We do not intend to update these statements to reflect events and circumstances occurring after the above-mentioned date or to reflect the occurrence of unanticipated events.
Many factors could cause Sistema's actual results to differ materially from those contained in our projections or forward-looking statements, including, among other things, deteriorating economic and credit conditions, our competitive environment, risks associated with the deterioration of the geopolitical situation, rapid technological and market change in the markets where Sistema operates and on the financial results of Sistema and its subsidiaries and associates, as well as many other risks specifically related to Sistema and its operations.
SISTEMA PUBLIC JOINT STOCK FINANCIAL CORPORATION | Financial Results 4Q and FY 2022 | 2 |
FINANCIAL
PERFORMANCE
SUSTAINABLE BUSINESS GROWTH THANKS TO HIGHLY
DIVERSIFIED INVESTMENT PORTFOLIO
CONSOLIDATED
REVENUE,
RUB bln
254.5 | 215.1 |
4Q 2022 | 4Q 2021 |
773.2
254.5 +18.3%
4Q 2022 | FY 2021 |
912.7
+18.0%
FY 2022
REVENUE GROWTH LEADERS
4Q 2022 YoY | +63% |
+5% | +18% |
ADJ. OIBDA1,
RUB bln | 310.4 | |||
80.0 | 264.7 | |||
+16.5% | +17.3% | |||
68.6 | 80.0 | |||
4Q 2022 | 4Q 2021 | 4Q 2022 | FY 2021 | FY 2022 |
FY 2022 YoY | +46% |
NET CORPORATE CENTRE DEBT,
RUB bln
245.2
4Q 2022
211.1
4Q 2021 |
230.3
3Q 2022 |
245.2 |
4Q 2022 |
+6.5%
4Q 2022 / 3Q 2022
+15% | +20% | |
Hereinafter, the results of the Corporate Centre are presented based on management accounts. Numbers may not add up due to rounding. | |
(1) The Group's financial performance adjusted for accruals related to the LTI programme at portfolio companies and the impairment of assets, as well as for other one-off expenses. | 4 |
HIGHLIGHTS IN 4Q 2022 AND AFTER THE REPORTING DATE
Cosmos Hotel Group doubled its hospitality business
10 hotels in four Russian cities from the Norwegian company Wenaas Hotel Russia AS for EUR 200 million.
Sistema continued to establish a large
fishery holding in Kamchatka, acquiring Loid-Fish and increasing its stake in Khangar LLC to 90%. Both assets specialise in catching and processing redfish.
Sistema presented its ESG strategy for the first time,
which is aimed at making its investment portfolio more sustainable, strengthening its positive impact on social development and reducing its environmental impact through effective asset management.
Diversified cash returns from assets
Sistema received dividends and cash returns amounting to RUB 3.3 billion from key non-public assets (Binnopharm Group, Medsi and Steppe).
Sistema established
CLT Development Group,
which specialises in projects using CLT panels.
Continued debt portfolio optimisation
Sistema issued 001Р-24 series bonds with a quarterly coupon rate of 10.0% per annum. The bonds mature in 10 years and have a three-year put option. As a result, the
weighted average rate on the Corporation's bond portfolio remained at 8.0% as of the end of 2022.
SISTEMA PUBLIC JOINT STOCK FINANCIAL CORPORATION | Financial Results 4Q and FY 2022 | 5 |
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Afk Sistema OAO published this content on 10 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 April 2023 17:15:05 UTC.
