2. Open joint-stock company
“LENENERGO” is a large distribution
grid company providing services on
electric power transmission and network
technological connection
The Company is servicing two emerging
constituent entities on the North-West of
the Russian Federation:
SAINT PETERSBURG – the second
largest city in the Russian Federation
with an area of 1, 439 sq.km
THE LENINGRAD REGION – the large
industrial area numbering 17 municipal
formations and 1 urban district occupies
the territory of 85, 909 sq.km
JSC “LENENERGO” comprises 11
subsidiaries, including Power Distribution
Networks and Cable Network located in
Saint Petersburg, Vyborg, Pushkin,
Gatchina, Kingisepp, Luga, Novaya
Ladoga, Tikhvin and Lodeynoe Pole
INTRODUCTION TO LENENERGO AND REGIONS OF COMPANY’S OPERATION
2IR Presentation
3. * JSC “LENENERGO” controls 100%
stake in LenSpecialRepairWorks
Five new major 110 kilovolt
substations are constructed and
more than 120 km of heating lines
and dozens of km of electric power
networks are reconstructed in
St. Petersburg
1932
Interregional Distribution
Grid Holding (IDGC Holding)
gains a controlling stake in JSC
“LENENERGO”. Saint Petersburg
City Property Management
Committee (CPMC) gains 25%+1
share in the course of additional
issue
1932
On July 16th Emperor
Alexander III approves
the Charter of Electric
Lighting Company set up by
Karl Siemens. This day is
considered the beginning of
the “electric era” and the
foundation date of JSC
“LENENERGO”
The Company is renamed JSC
“LENENERGO” which has been the
Company’s name ever since
1886 1992… 2000-2005 2005 2007 2008-2009
General Shareholders
Meeting resolves to
reorganize the Company
by separating it to five
companies
“LenSpecialRepairWorks”*
increases its share in
“Tzarskoje Selo Power Company”
and “Kurortenergo” within the
framework of unified network
company establishment
The Company is privatized
to become the Joint Stock
Company of Power Industry and
Electrification “LENENERGO”,
successor of the Leningrad
Energetic and Electrification
Production Association
HISTORY
3IR Presentation
4. JSC “LENENERGO”*
ST. PETERSBURG
GENERATING COMPANY
ST. PETERSBURG
BACKBONE NETWORKS
ST. PETERSBURG
POWER SALES COMPANY
NORTH WESTERN POWER
MANAGEMENT COMPANY
JSC “LENENERGO”
Electric power output and
sales on the free market
Servicing the objects of
Unified National
Distribution Network
Sales of electric power to
customers on the retail
market
Electric power transmission
and connection of new clients
to power supply grid
DIVISION BY ACTIVITY TYPE
Providing service to the
companies separated in
course of reorganization
The name “LENENERGO” was kept by the distribution network company
REORGANIZATION OF COMPANY IN 2005
4IR Presentation
5. GENERAL INFORMATION
AREA OF SERVICE, TSD SQ.KM 87.3
POPULATION, MLN PEOPLE 6.2
SPREAD OF NETWORKS, TSD KM, INCLUDING:
OVERHEAD POWER TRANSMISSION LINES, TSD KM
CABLE LINES, TSD KM
53
36
17
SUBSTATIONS OF 35-110 KV 368
VOLUME OF ELECTRIC POWER TRANSMITTED
THROUGH POWER NETWORKS, BLN KWH
28
NET PROFIT (1H09), MLN RUR 1, 732
ASSETS (1H09), MLN RUR 47, 621
MARKET CAPITALIZATION*, MLN USD 730
MARKET CAPITALIZATION**, MLN RUR 22, 655
At present JSC “LENENЕRGO” is the largest power network company
in St. Petersburg and the Leningrad Region . The share of power
transmitted through the network in the overall energy consumption by
users of power suppliers operating in the region amounts 74%
The Company’s core activities include:
1) power transmission and services related to supply of users with
electric power;
2) grid connection of power consuming equipment (power stations) of
corporate and individuals
In 2009 the Government of the Russian Federation put
JSC “LENENERGO” into the List of Basis Enterprises of Russia
Company’s share on electric power transmission
market of St. Petersburg
and the Leningrad Region (2008)
* - as of 30.06.2009 (RCB rate on the current date)
** - as of 30.06.2009 (MICEX)
POWER MARKET AND COMPANY’S POSITION IN INDUSTRY
5IR Presentation
6. 25%+1 share50%+1 share
OPERATIONAL ASSET BASE
JSC “LENENERGO”
“Tzarskoje Selo Power Company”,
closed JSC (96.95%)
“Kurortenergo”,
closed JSC (92.56%)
“LenSpecialRepairWorks”,
closed JSC (100%)
Projects Under Construction
Management
Social Infrastructure
and Servicing
SERVICING SUBDIVISIONS
JSC “IDGC HOLDING”
Vyborg Power Distribution Networks
Gatchina Power Distribution Networks
Kingisepp Power Distribution Networks
Lodeynoye Pole Power Distribution Networks
Luzhskie Power Distribution Networks
Novoladozhskie Power Distribution Networks
Suburban Power Distribution Networks
Tikhvin Power Distribution Networks
Cable Network
Within the framework of unified network company
establishment JSC “LENENERGO” purchased the
controlling stake in “Tzarskoje Selo Power Company”
and “Kurortenergo’ through “LenSpecialRepairWorks”.
This allowed the Company to strengthen its position in
the region in the capacity of the “second level”
network company (networks of 110-0.4 kV). Another
key challenge for the Company is to integrate the
“third level” network assets by putting the ownerless
electric power enterprise of 0.4-10 kV on the balance
of the Company
* – JP Morgan Funds, VTB Bank,
OTKRITIE UES Capital
CPMC
OF ST.PETERSBURG
OTHER MINOR
SHAREHOLDERS*
AFFILIATES
SUBSIDIARIES
SHAREHOLDERS AND CORPORATE STRUCTURE
6IR Presentation
8. KEY OPERATIONAL INDICATORS (2008)
VOLUME OF RENDERED SERVICES, BLN KWH 28.4
ELECTRIC LOSS IN NETWORKS, % 9.97
INSTALLED CAPACITY, MBA 19, 366
OVERHEAD POWER TRANSMISSION LINES OF 0.4 – 110 KV, KM 39, 085
CABLE LINES OF 0.4 – 110 KV, KM 16, 731
SUBSTATIONS OF 35 – 110 KV, UNITS (MVA) 368 ( 12, 818)
TRANSFORMER SUBSTATIONS OF 6-35 KV, UNITS (MVA) 13 646 (6, 548)
DISBURSEMENT OF REPAIR FUNDS, MLN RUR 704.3
OPERATIONAL ACTIVITY
8IR Presentation
9. RECENTLY OPENED
IN PLANS
IN THE PAST NOWCentralization of inquiries registration
for grid connection in the Executive Personnel
Opening of the
Client Servicing Centre offices
in the Leningrad Region
1. Reduction in inquiry registration and processing and treaties negotiation
2. Clients “feedback” set uo
3. Opportunity to submit inquiry in any district of the region regardless of the grid connection location
RESULT
GATCHINA (Sept. „09)
TIKHVIN (by the end of „09)
ST. PETERSBURG (Central Office)
PUSHKIN
VYBORG
LUGA
KINGISEPP
NOVAYA LADOGA
RESTRUCTURIZATION RESULTS OF 2009
CONSIDERABLE IMPROVEMENT OF CLIENT SERVICING QUALITY:
CLIENT-ORIENTED POLICY
9IR Presentation
10. SUBURBAN POWER DISTRIBUTION NETWORKS (PUSHKIN)
CLIENT SERVICING CENTRES
10IR Presentation
LUZHSKIE POWER DISTRIBUTION NETWORKS (LUGA)
11. 2006 2007 2008
1, 997
3, 494
5, 572
CAPITALIZATION OF GRID ACTS,
MLN RUR. (exlc. VAT)
SIGNED GRID CONNECTION ACTS,
MVA
2006 2007 2008
222.4
307.2
377.4
2006 2007 2008
1, 358
1, 658
1, 627
SIGNED GRID CONNECTION ACTS,
NUM OF ACTS
SIGNING OF GRID CONNECTION ACTS
11IR Presentation
12. – disbursement of capital investments (excl. VAT)
– including technical modernization and reconstruction
2006
2, 860
731
2007
8, 780
3, 030
2008
4, 864
11, 409
INVESTMENTS IN RECONSTRUCTION
AND TECHNICAL MODERNIZATION
2006 2007 2008
105.2
502.3
704.8
2006 2007 2008
222.1
246.3
356.8
From 2006 up to 2008 JSC “LENENERGO” increased 4 times volumes of
investments in reconstruction and technical modernization. Capacity introduction
increased 6.7 times at this period, whereas networks spread increased on 61%
CAPACITY INTRODUCTION
MVA Kilometers
(Mln RUR)
INVESTMENT ACTIVITY
12IR Presentation
13. IR CONTACTS
“LENENRGO” Open Joint-Stock Company
of Power Industry and Electrification
1 Ploschad Konstitutsii, St. Petersburg, Russia 196247
Corporate Management Department Head
Andrey S. Smolnikov
Tel./ Fax +7 (812) 595 31 76
Smolnikov.AS@nwenergo.com
Shareholders and IR Division Head
Tatiana N. Miroshnichenko
Tel. +7 (812) 494 39 63
Fax +7 (812) 494 37 34
ir@lenenergo.ru
Miroshnichenko.TN@nwenergo.com
www.lenenergo.ru
13IR Presentation
