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Rts board the doorway to profitable investments in russia
- 1. RTS Board – the Doorway to Profitable Investments in Russia May 2015 Moscow Nonprofit Partnership for the Development of Financial Market RTS
- 2. WHY RTS BOARD SYSTEM? RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow 02 RTS Board contains more than 900 issuers that are not represented on the Russian organized market See slide 04 UNIQUE INVESTMENT DIRECTIONS RTS Board securities cover all spectrum of Russian economy and regions of the country See slides 05-06 WIDE COVERAGE AND DIVERSITY OF INVESTMENTS Average dividend yield of TOP-10 RTS Board securities achieved 25% per annum in 2014 See slides 07-08 HIGH YIELD INVESTMENTS RTS Board is the leading information system for electronic quotation and signing of securities purchase agreements (SPA) on securities that are not admitted to trading on the Russian organized market See slide 03 LEADING OTC SYSTEM RTS Board issuers have great financial ratios GREAT FINANCIAL PERFORMANCE OF RTS BOARD ISSUERS See slides 09-11
- 3. LEADING OTC SYSTEM RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow 03 The operator of RTS Board is NP RTS group, which comprises a number of companies such as: • Saint Petersburg Exchange (operating first Russian Global Equities Market and trading platform with one of the broadest scope of commodities traded in Russia) • RTS Tender (operating 2nd largest state procurement electronic trading platform in Russia) • Clearing Centre MFB, Best Efforts Bank and other businesses RTS Board was created in 2001 - over 14 years on Russian Market More than 100 000 SPAs were concluded through RTS Board system that made it possible to invest directly into the business development of Russian issuers After being quoted in RTS Board system more than 150 issuers of securities were listed on Russian stock exchanges RTS Board was the basis of RTS exchange market that later became an integral part of joint stock market organized by the Moscow Exchange
- 4. UNIQUE INVESTMENT DIRECTIONS 04 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow The number of stocks* RTS Board quoted stocks Russian exchange traded stocks The number of issuers* Russian exchange traded stocks The total number of shares / issuers as of 10/04/2015Total number The number of active stocks/issuers The number of active shares / issuers as of 10/04/2015 (according to the criterion of active bid/ask orders for more than 4 trade days per week) 280 322 581 1186 932 441 264 227 The best place to look for investment decisions regarding Russian small and mid cap companies The widest range of ideas for direct and venture investments into Russia The platform for investments in non-primary / non-resource Russia RTS Board quoted stocks Success stories** Source of information: Bloomberg ** Large companies which were listed on Russian organized market after being quoted on RTS Board *
- 5. WIDE COVERAGE AND DIVERSITY OF INVESTMENTS RTS Board represents companies all over Russia, from the Baltic Sea to the Far East RTS Board covers a broad range of issuers from any Russian economy’s industry sector, including sectors that are poorly represented in the organized market but highly promising, e.g. Engineering & Construction, Shipbuilding, Aerospace/Defense 05 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow 0 50 100 150 200 250 300 350 Industrial Consumer, Non-cyclical Financial Energy Basic Materials Utilities Consumer, Cyclical Communications IT Russian exchange traded stocks RTS Board quoted stocks Source of information: Bloomberg Source of information: Bloomberg 0 50 100 150 200 250 300 350 Moscow, Central Federal District Volga Federal District Ural Federal District Siberian Federal District Northwestern (St. Petersburg) Federal District Southern (Black sea) Federal District Far Eastern Federal District North Caucasian Federal District Russian exchange traded stocks RTS Board quoted stocks
- 6. WIDE COVERAGE AND DIVERSITY OF INVESTMENTS 06 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow 114 stocks Classification according to Industry Classification Benchmark - http://www.icbenchmark.com/ Industrial Engineering 105 stocks Industrial Metals & Mining 104 stocks Construction & Materials Financial Services 78 stocks Food Producers 54 stocks Aerospace & Defense Banks Industrial Transportation Oil & Gas Producers Gas, Water & Multi- utilities 40 stocks 49 stocks 46 stocks 46 stocks 46 stocks
- 7. HIGH YIELD INVESTMENTS 07 0,00% 5,00% 10,00% 15,00% 20,00% 25,00% 30,00% Russian OTC Market US OTC Market UK OTC Market German OTC Market Taiwan OTC Market Japan OTC Market AVG = 15,90% RTS Board issuers demonstrate sustainable dividend payments over the past 3 years which are twice higher than on Russian organized market RTS Board issuers dividend yield averaged at about 18% for the last 3 years (provided 3 years of sustainable payments) Twice as more RTS Board issuers than on Russian organized market, paid dividends in 2014 Global OTC Market TOP-10 average dividends paid in 2014 Mihailovsky GOK – 40,11% SPETSGAZREMSTROY – 41,08% 2012 2013 2014 Dalkhimpharm – 42,55% JSC "MSCP" – 94,5% SHATURA Furniture Co – 51,92% SMPP J.S.C. – 134,78% 6 RTS Board issuers demonstrated over 40% dividend yield per year in the last 3 years : RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Source of information: Bloomberg, SKRIN, web-sites of Russian issuers Source of information: Bloomberg as of 10/04/2015 according to announced dividends
- 8. HIGH YIELD INVESTMENTS 08 TOP-10 RTS Board quoted stocks’ dividends paid in 2014 TOP-10 Russian exchange traded stocks’ dividends paid in 2014 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Source of information: Bloomberg, SKRIN, web-sites of Russian issuers Source of information: Bloomberg, SKRIN, web-sites of Russian issuers AVG = 25,05% AVG = 11,52% 0% 10% 20% 30% 40% 50% SPETSGAZREMSTROY GAZPROM Mihailovsky GOK TVZ Kalinin machinery plant, Yekaterinburg ABS Automation Mostostroy-11 Komigaz VOLGA SHIPPING Saratovneftegas Uralavtopritsep 0% 5% 10% 15% 20% 25% M Video E.ON Russia Severstal MMC Norilsk Nickel Bashneft ps Q42013 Acron Bashneft cs Q42013 Mobile TeleSystems Surgutneftegas Sollers
- 9. RTS BOARD SMALL CAP MODEL COMPANIES 09 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Financial statement and Multiples as of 31/12/2014* Brief description Assets = 2 576 748 kRUB Revenue = 3 494 872 kRUB Operating profit = 212 099 kRUB Net profit = 163 158 kRUB ROA = 0,0857 ROE = 0,0961 P/E = 8,4659 BVPS = 6,9890 Yenisei River Shipping Company OrelstroyVanino Commercial Sea Port Ticker: erpa Yenisei River Shipping Company provides cargo and passenger transportation services. Ticker: orls Orelstroy OAO is a construction company. The Company provides civil construction services of residential and commercial buildings. Ticker: mtpv Vanino Commercial Sea Port offers shipping port services. The Company loads, unloads and stores shipping containers, loads and unloads general cargo and provides other related services. Source of information: Bloomberg, RTS Board issuer name is given in accordance with the one used in Bloomberg system Assets = 18 009 727 kRUB Revenue = 2 674 690 kRUB Operating profit = 4 085 642 kRUB Net profit = 1 630 316 kRUB ROA = 0,2411 ROE = 1,7078 P/E = 12,4383 BVPS = 29,8699 Assets = 3 915 398 kRUB Revenue = 1 975 301 kRUB Operating profit = 926 912 kRUB Net profit = 715 879 kRUB ROA = 0,2420 ROE = 0,5093 P/E = 3,5154 BVPS = 8,3053 *1USD = 49,98 RUB as for 07/05/2015, source of information: Bank of Russia
- 10. RTS BOARD MID CAP MODEL COMPANIES 10 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Financial statement and Multiples as of 31/12/2014* Brief description Assets = 10 062 447 kRUB Revenue = 16 719 039 kRUB Operating profit = 1 511 241 kRUB Net profit = 1 047 524 kRUB ROA = 0,1595 ROE = 0,3531 P/E = 3,7675 BVPS = 0,7875 Kolomensky zavod Vostochny PortMetafrax Ticker: klmz Kolomensky Zavod OAO produces main-line passenger diesel locomotives. The Company also develops and produces passenger electric locomotives and freight diesel locomotives. Ticker: vopt Vostochny Port is located in the Russian Far East and provides mainly coal handling with usage of conveyer equipment. The Company also transports metals, timber, ore, chemical cargoes, cement, and other commodities. Ticker: mefr OAO Metafrax manufactures products derived from methanol. The Company produces formalin technical, pentaerythritol technical, urotropine, urea formaldehyde resins, urea formaldehyde concentrate and technical pentaerythritol filtrate. Assets = 24 585 675 kRUB Revenue = 13 439 071 kRUB Operating profit = 5 866 817 kRUB Net profit = 4 712 202 kRUB ROA = 0,267 ROE = 0,3504 P/E = 4,5819 BVPS = 0,0541 Assets = 12 297 987 kRUB Revenue = 5 998 258 kRUB Operating profit = 3 186 345 kRUB Net profit = 2 432 608 kRUB ROA = 0,3317 ROE = 0,5573 P/E = 2,0166 BVPS = 3,2121 Source of information: Bloomberg, RTS Board issuer name is given in accordance with the one used in Bloomberg system *1USD = 49,98 RUB as for 07/05/2015, source of information: Bank of Russia
- 11. RTS BOARD ABOVE MID CAP MODEL COMPANIES 11 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Financial statement and Multiples as of 31/12/2014* Brief description Assets = 53 183 767 kRUB Revenue = 113 042 979 kRUB Operating profit = 26 078 059 kRUB Net profit = 20 498 320 kRUB ROA = 0,5266 ROE = 1,0849 P/E = 8,9549 BVPS = 6,9476 Udmyrtneft Kalinin machinery plantRostvertol Ticker: udmn Udmurtneft is active in the extraction and refining of raw oil and natural gas, prospecting and mine-workings of oil and gas fields and the production of various industrial, consumer and agricultural products. Ticker: mzik Kalinin Machinery Plant Yekaterinburg OAO develops and manufactures medium and heavy duty trucks. The Company's products include electric forklift trucks, diesel forklift trucks, electric trolleys, cleaning machines and military equipment. Ticker: rtvl JSC Rostvertol, or Rostov Helicopter Production Complex, produces the helicopters MI-24, Mi-26T, Mi-28N and Mi- 34, and their modifications. The Company operates in southern Russia. Assets = 107 416 767 kRUB Revenue = 36 938 285 kRUB Operating profit = 8 579 859 kRUB Net profit = 3 044 057 kRUB ROA = 0,0914 ROE = 0,6518 P/E = 3,5794 BVPS = 0,0062 Assets = 55 225 774 kRUB Revenue = 27 823 222 kRUB Operating profit = 6 204 766 kRUB Net profit = 4 819 894 kRUB ROA = 0,1434 ROE = 2,9187 P/E = 1,0767 BVPS = 3,3979 Source of information: Bloomberg, RTS Board issuer name is given in accordance with the one used in Bloomberg system *1USD = 49,98 RUB as for 07/05/2015, source of information: Bank of Russia
- 12. WHY WILL RTS BOARD AWAKE YOUR INTEREST WHEN INVESTING IN RUSSIA TODAY? 12 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow In December 2014 RTS Board moved to an entirely new IT platform for OTC market, that provides straight-through processing for indicative quotation of financial instruments, electronic confirmation (including electronic signing of SPAs) and OTC transactions reporting to trade repositories and stock exchanges More than 110 participants have access to RTS Board and are ready to on-board today (for more information about participants please see our website rtsboard.com) Currently RTS Board team is working on cooperation with the biggest international market data vendors. Join hundreds of clients who already do receive RTS Board market data Further development of RTS Board includes implementation of financial instruments such as local bonds, Eurobonds of Russian companies, loans and derivatives on different underlying assets classes Code: 0#BRD.RTS Price: $50/month Historical market data is available today , online stream will appear in 2nd half of 2015 Market data viewing terminal Price: ~50$/month* * 2’400 RUB/month
- 13. WHY ARE INVESTMENTS INTO RUSSIA ATTRACTIVE RIGHT NOW? 13 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Import substitution strategy in all major areas of Russian economy (industry, agriculture, IT, pharmaceuticals, etc.) The largest since the beginning of 1990s program of state defense orders financing (RTS Board is the only market that includes securities of defense sector issuers) Underestimated market value of Russian companies due to general decrease of Russian stock market Upcoming listing of securities of Russian companies which are not traded publicly as result of NP RTS team active work with issuers and cooperation with industry associations
- 14. APPENDIX
- 15. PAID RTS BOARD DIVIDENDS 15 RTS Board – the Doorway to Profitable Investments in Russia May 2015, Moscow Issuer (Bloomberg name) Code 2012 2013 2014 AVG Active Marine Fishery Base nbam 28,19% 15,39% 11,70% 18,43% OAO "SPETSGAZREMSTROY" OAO "GAZPROM" sgrsp 5,52% 7,88% 41,08% 18,16% VOLGA SHIPPING vfltp 12,42% 16,59% 18,58% 15,86% Metafrax mefr 17,70% 13,84% 14,41% 15,32% Saratovneftegas snfgp 11,55% 14,66% 16,69% 14,30% ROSTVERTOL PLC rtvl 8,30% 15,76% 14,80% 12,95% PJSC "Volzhsky Abrasive Works" vazzp 17,21% 6,14% 13,75% 12,37% OJSC "Mostostroy-11" msts 6,29% 10,07% 20,36% 12,24% Udmyrtneft udmn 14,81% 9,08% 12,66% 12,18% OJSC "APZ" apsz 14,36% 10,75% 7,27% 10,80% Gornozavodskcement gzce 6,30% 6,87% 12,00% 8,39% Komigaz kgaz 3,24% 3,25% 13,26% 6,58% Yenisei River Shipping Company erpap 8,89% 0,18% 9,77% 6,28% Chelindbank chlb 3,18% 5,32% 7,51% 5,34% Lengazspecstroy legs 7,09% 7,33% 0,81% 5,08% PJSC "Vanino Commercial Sea Port" mtpvp 2,79% 5,55% 6,88% 5,07% Metrostroy metp 0,50% 0,52% 5,99% 2,34% OJSC Gazprom gazoraspredelenie Voronezh vogz 2,47% 1,37% 2,67% 2,17% Irkutsk Electronetwork Company iesk 0,62% 2,30% 2,42% 1,78% Gazenergoservice gzes 1,60% 1,26% 1,42% 1,43% TOP-20 dividends paid regularly
- 16. THANK YOU FOR YOUR ATTENTION! Contacts: Address: Moscow, Dolgorukovskaya, 38 bld.1 Tel: +7 (495) 705-90-31 E-mail: otcmarket@rts.ru www.nprts.ru www.rtsboard.com