Transcript JSC INTER RAO UES

I II III
JSC INTER RAO UES
www.interrao.ru
Content
I
Company
Profile
II
Activities
Geography
III
Development
Prospects
2
I
II
Company Profile
III
www.interrao.ru
JSC INTER RAO UES Is a Transnational
Energy Holding Company
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Affiliates more than 20 companies in 14 countries
of Europe and Asia
Dynamic investment activities
Controls a number of generating and distributing energy
assets in Russia and abroad
Total personnel capacity — 17,000 people
Head-quarters
— Moscow,
Russian
Leading
positions
in theFederation
sphere
of electric energy export/import in Russia
4
Objective and Principles
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Objective
Principles
1. Strong positions
on theRAO
electric
Positioning
of JSC INTER
UES
marketsRussian
of Europe
and Asia
as apower
transnational
energy
Corporation
2. Positive
ofthe
thesphere
operations
volumes
with
ramous dynamics
business in
of investment
and
energy-generating
activities,
3. Constant
diversification
of business
trading
operations
on theand
electric
energymanagement
market
4. Highly
professional
competent
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Share Capital Structure
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40%
60%
6
We Single Out
4 Core Areas of Business
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1
2
Investment
Activities
3
Export-Import
4
Asset
Management
Energy
Generation
and Distribution
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1. Company’s Targets
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Steady business value increase
Stable and active presence on the target markets
Diversification of business
Result:
Reorganization of the Company from the trading
into a vertically-integrated holding with a wide scope
of functions in the sphere of the electric-power
supply industry
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1
2
Investment
Activities
3
Export-Import
4
Asset
Management
Energy
Generation
and Distribution
9
2. Electric Energy Export Structure
in 2006
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11% 9%
Китай
54%
Norway
Lithuania
26%
Finland
7%
Latvia
Belarus
Kazakhstan
Moldova
Georgia
Azerbaijan
3%
3%
4%
5%
1%
1%
2%
Mongolia
China
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2. Electric Energy Import Structure
in 2006
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10%
72%
9.8%
8.2%
Lithuania
0.1%
0.8%
1%
6.3%
Latvia
Belarus
Kazakhstan
Ukraine
Mongolia
Azerbaijan
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2. Export and Import Turnover
in 2004-2006, bln kWh
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20.9
Export
20.5
Import
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10.0
Norway
Lithuania
Ukraine
Moldova
10.5
10.1
5.1
Finland
Latvia
Belarus
2004
Kazakhstan
Georgia
Azerbaijan
2005
2006
Mongolia
China
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1
2
Investment
Activities
3
Export-Import
4
Asset
Management
Energy
Generation
and Distribution
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3. Asset Management
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JSC INTER RAO UES
“International
Power
JSCCorporation”
Inter
JSC Stantsia
RAO UES
CJSC Ekibastuzskaya
GRES-2
Balkans
Gardabani
Holdings B.V.
JSC INTER
RAO UES
Ukraine
“Mtkvari
Energy
L.L.C.”
Technoelectrica
S.R.L.
Saint Guidon
JSC Severo- Invest
LLP INTER
N.V. RAO
Zapadnaya
Tsentralnaya
TETs
Asia
Silk Road
ES Georgia
Holdings B.V.
Holdings B.V.
JSC
Armianskaya
RAO
TGR Enerji
Atomnaya
NORDIC OY
JSC
Electrostantsia
Khramhesi I
JSC Telasi
JSC
Khramhesi II
JSC
Moldavskaya
GRES
INTERENERGO B.V.
JSLLC
Energospetservisobsluzhivanie
“Electric
Networks of
Armenia”
CJSC
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1
2
Investment
Activities
3
Export-Import
4
Asset
Management
Energy
Generation
and Distribution
15
4. JSC INTER RAO EUS Facilities’
Productive Energy Supply in 2006
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Bln kWh
3
2
1
0
2004
2005
2006
Iriklinskaya GRES
Kaliningradskaya TETs-2
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4. Electric Energy Generation
by the Holding Enterprises
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Bln kWh
12
8
4
0
2004
2005
2006
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Today INTER RAO UES
Is a Successfully Developing Company
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The latest methods of corporate management and stateof-the-art technologies in the sphere of electric energy
Direct and indirect facilitation of the generating capacity
build-up and the RF network infrastructure development
Participates in the investment projects implementation
Vital contribution to the international economic
activity of Russia
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I
II
Activities Geography
III
www.interrao.ru
The Group’s Assets are Located
in a Number of Countries of the World
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Severo-Zapadnaya TETs
Kaliningradskaya TETs-2
Sochinskaya TES
Ivanovskiye PGU
Orel Region Branch
Finland
Moldova
Kazakhstan
Ukraine
Armenia
Georgia
Tadjikistan
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Russia:
JSC Severo-Zapadnaya TETs
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Installed capacity:
900 MW
Equity interest:
25% + 1 share
North-West region is the second in Russia
in terms of power consumption rate of growth
In terms of technological development the station is
the most advanced in Russia
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Russia:
JSC Kaliningradskaya TETs-2
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Installed capacity:
450 MW
Planned capacity:
900 MW
Strategic objective: no-break electric energy supply of the
region and stability guarantee
Prospect — entrance to the market of Poland
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Russia:
Ivanovskiye PGU
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Installed capacity:
354,1 MW
PGU’s* objectives:
New effective technologies development
Creation of spare capacity in the region
Energy and power shortage coverage in the region
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Russia:
JSC Sochinskaya TES
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Installed capacity:
78 MW
Annual output:
565 mln kWh
Equipped with the gas-steam power-generating units PGU-39:
the best technical-and-economic and ecological indicators in Russia
Own system of technologic process management
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Russia:
Orel Region Branch
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Generate 25%
of the electric energy
consumed in the region
Supply:
3,700 corporations
197,000 individuals
Was established in July, 2005
Serves an end of the Group’s business diversification
In 2006 was granted the status of the last resort provider
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CIS: Kazakhstan
Stantsia Ekibastuzkaya GRES-2
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Installed capacity: 1,000 MW
(2 units, 500 MW each)
Equity interest: 50%
GRES interest amounts to 10-12%
of the overall e/e capacity generated
in the republic
Prospect — increase in supplies
to Russia, e/e generation build-up,
consolidation on the local market
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CIS: Tadzhikistan
JSC Sangtudinskaya GES-1
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Planned capacity:
670 MW
Commercial operation —
the year of 2009
Is being built on the Vakhsh River 200km away from Dushanbe:
the end of the 80s – the beginning of the 90s —
the beginning of construction and its suspension
since 2005 — massive project financing
(after negotiations between Russia and Tadzhikistan)
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CIS: Armenia
“Electric Networks of Armenia” CJSC
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Sevano-Razdanskiy Cascade
of HPPs
Capacity: 560 MW
Equity interest: 100%
The cascade consists of 7
HPPs on the Razdan River
Number of consumers:
Armenian
nuclear power plant
about 950,000
Capacity:the
815largest
MW
Among
Trust management
enterprises
of Armenia
for 5 years
The major consumer is the
energy market of Armenia
The Company owns:
• 8,111
transforming substations
• 24,300 km
of overhead transmission lines
• 5,300 km
of cable transmission lines
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CIS: Moldova
Moldavskaya GRES
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Installed capacity:
2,520 MW
Unique station operating on three types of fuel
Important strategic location in the region
Prospect — supplies of electric energy
to the countries of the Southern Europe
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CIS: Georgia
JSC Telasi
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Khramhesi I and Khramhesi II
Capacity: 110 MW
Generated electric energy
goes to JSC Telasi
for realization
Mtkvari
Energy energy
Supplies
electric
to more than
Capacity: 600 MW
410,000 consumers:
The company
owns
95% — population
the 9th3.7%
and the
10th units sector
— commercial
of Tbilisskaya GRES
5,658km — total length of power transmission lines
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CIS: Ukraine
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Active
on the Ukrainian market
since September, 2000
Equity interest: 90%
Investment projects support implementation:
In the course of new energy complexes construction
In the course of the existing objects re-equipment
and reconstruction
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Finland: RAO Nordic OY
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Trading operations on
the Scandinavian electric
energy market since 2003
Equity interest: 100%
Among the largest enterprises of Finland
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Toward 2007, Activities Geography Has
Embraced More Than 20 Countries of Europe
and Asia and Is Steadily Expanding
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33
Since 2004 the Installed Capacity
of the INTER RAO UES Group’s Power Plants
Has Increased Almost 3 Times
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7,365
2006
MW
6,915
2005
2004
MW
2,495
MW
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And the Length of the Power Transmission Lines
Has Increased More than 10 Times
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2006
32,700km
2005
32,700km
2004
3,100km
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ROS — Return on Sales Attained Its
Maximum for 3 Years
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10.3%
9.7%
9.2%
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22
12
1
2004
2
2005
3
2006
Return on sales, RUB bln
Revenue, RUB bln
ROS
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ROE Growing Steadily During the Last 3 Years,
and Reaching the Level of 48.8% in 2006
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48.8%
45.3%
37.8%
3.6
2.2
0.6
1.5
2004
1.7
1.0
2005
2006
Net profit, RUB bln
Equity capital, RUB bln
ROE
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I
II
Development Prospects
III
www.interrao.ru
Key Objectives
of JSC INTER RAO UES Are
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Development of new assets
Further penetration into target markets
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In Our Further Development We Are
Guided to 5 Priority — Oriented Regions
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Scandinavia
Baltic states
Central and Eastern Europe
Central Asia and the Far East
The Black Sea region
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Toward 2015 the Company’s Business Value
Is Planned to Be Increased up to USD 14 bln
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USD bln.
14
11.2 times
1.25
2007
2015
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Core Lines of Development Strategy
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1. Occupy dominant position
on the target energy markets
2. Consolidate company
at the expense of the generating assets
3. Acquire and construct new objects
of energy infrastructure
4. Attract foreign partners
with the view to participate in investment projects
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As a Result Toward 2015
INTER RAO UES Is to Become:
Mainly state vertically-integrated energy conglomerate:
With firm business standing
Actively and steadily represented on the target markets
Generating assets installed capacity will amount to
~ 30,000 MW
The value of the Company will comprise
~ USD 14,000,000,000
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Contact Information
7 Entrance, 12 Krasnopresnenskaya Nab.,
Moscow, 123610
Telephone: +7 (495) 967-05-27
Fax: +7 (495) 967-05-26
[email protected]
www.interrao.ru
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