ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

OGK-2 IFRS EBITDA for 2015FY grew by 2.3
09.03.2016

OGK-2 releases audited consolidated Financial Statements for the 12 months ended December 31, 2015, prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights of the Consolidated Income Statement
(mn RUR)

12M 2015

12M 2014**

Change (%)

Change (∆)

Revenue

112,233

115,935

-3.2%

-3,702

Operating Expenses

(108,533)

(116,783)

-7.1%

8,250

Operating Profit

3,918

(722)

-

4,640

EBITDA*

10,111

4,487

х2.3

5,624

Profit for the Period

2,597

(1,569)

-

4,166

* EBITDA= Operating profit + Depreciation and Amortization.

** Restated with consideration of acquisition of a company under common control

The Revenue of OGK-2 for 12M 2015 totaled RUR 112,233 mn, down by 3.2% or by RUR 3,702 mn year-on-year, on the back of lower demand for electricity generated by thermal power plants.

Operating Expenses for 12M 2015 totaled RUR 108,533 mn, declining thus by 7.1% year-on-year. This result was reached, among other things, on the account of load optimization and lower production at unprofitable equipment. Production at CSA (Capacity Supply Agreements) units in 2015 totaled 15.6%, growing by 1.3%.

As a result, Operating Profit for 12M 2015 increased by RUR 4,640 mn year-on-year up to RUR 3,918 mn.

EBITDA for 12M 2015 grew by 2.3 year-on-year, up to RUR 10,111 mn.

OGK-2 Group Profit for 12M 2015 totaled RUR 2,597 mn.

The detailed information about OGK-2 performance in 12M 2015
in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.

For reference:

OGK-2 is a leading thermal generator, including 11 operating power plants and one under construction, with total installed capacity of circa 18.5 GW, providing about 6% of Russia’s electricity output. The Company includes: Adlerskaya TPS, Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskaya State District Power Plant, Ryazanskaya State District Power Plant, Serovskaya State District Power Plant, Stavropolskaya State District Power Plant, Surgutskaya State District Power Plant 1, Troitskskaya State District Power Plant, Cherepovetskaya State District Power Plant, Groznenskaya TPS.

The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).

  • Peterburgskoe highway 66,
  • Buid. 1, litera A, St. Peterburg, 196140, Russia
  • (812) 646-13-64
  • mail: office@ogk2.ru
  • Alevtina Tolstykh
  • E-mail: tolai@ogk2.ru
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