Full year 2012 highlights

KEY FINANCIAL HIGHLIGHTS IN 2012:

  • Revenues up 7% year on year to RUB 321.3 billion
  • OIBDA1 up to RUB 118.6 billion
  • OIBDA margin of 36.9% compared with 37.5% a year earlier (without taking into account the non-monetary effect on Q4 2011 results due to reduced long-term social obligations, as a result of a new labour contract signed by Rostelecom, its employees and the labour union in December 20112).
  • Net profit of RUB 35.2 billion (RAS net profit is used as a basis for dividend calculation on preferred shares up to RUB 32.7 billion).
  • Capital expenditure3 of RUB 91.2 billion, representing 28.4% of consolidated revenues
  • Net debt4 of RUB 203.1 billion with a net debt / OIBDA5 ratio of 1.7x as at December 31, 2012.

1 Here and below, please refer to Attachment 1 to this statement for a full definition of OIBDA
2 The non-monetary effect was RUB 4.7 billion on OIBDA margin in Q4 2011 and in total in 2011 without taking into account the non-monetary effect on the result of Q4 2011, due to the reduced long-term social obligations, as a result of the new labour contract signed by Rostelecom, its employees and the labour union in December 2011, which made up 39% .
3 Here and below, capital expenditure (“CAPEX”) comprises cash spent on purchase of property, plant and equipment and intangible assets
4 Here and below, net debt is calculated as the sum of long-term loans and short-term borrowings minus cash and cash equivalents and short-term investments
5 OIBDA for the last 12 months

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