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QUARTERLY REPORT Public Joint-Stock Company QUARTERLY REPORT Public Joint-Stock Company Federal Hydrogeneration Company – RusHydro Issuer code: 55038-E for Q2 2019 Address of the issuer: 43/1 Dubrovinskogo St., Krasnoyarsk, Krasnoyarsk Krai 660017, Russia The information contained herein is subject to disclosure pursuant to the securities legislation of the Russian Federation Chairman of the Management Board – General Director ____________ N. G. Shulginov signature Date: August 14, 2019 Director of the Department of Corporate Accounting and Reporting ____________ Yu. G. Medvedeva – Chief Accountant signature L.S. Date: August 14, 2019 Contact Person: Yuliya Aleksandrovna Tikhonova, Chief Expert of the Corporate Development and Transaction Support Directorate of the Corporate Governance and Property Management Department Telephone: +7 800 333 8000 Fax: +7 495 785 0963 Email: [email protected] The address of the internet site(s) where the information contained herein is to be disclosed: www.e- disclosure.ru/portal/company.aspx?id=8580, www.rushydro.ru 1 Table of Contents Table of Contents......................................................................................................................................................2 Introduction...............................................................................................................................................................5 Section I. Information on the Bank Accounts and the Auditor (Audit Organization), Appraiser, and Financial Adviser of the Issuer and on Persons Who Signed the Quarterly Report.................................................................6 1.1 Information on the Issuer's Bank Accounts.....................................................................................................6 1.2 Information on the Issuer's Auditor (Audit Organization)..............................................................................6 1.3. Information on the Issuer's Appraiser(s)........................................................................................................9 1.4. Information on the Issuer's Consultants.........................................................................................................9 1.5. Information on the Persons Who Signed the Quarterly Report.....................................................................9 Section II. Key Information on the Financial and Economic Performance of the Issuer.......................................10 2.1. The Issuer's Financial and Economic Performance Indicators....................................................................10 2.2. The Issuer's Market Capitalization...............................................................................................................11 2.3. The Issuer's Liabilities..................................................................................................................................11 2.3.1. Borrowed Funds and Accounts Payable....................................................................................................11 2.3.2. Credit History of the Issuer.......................................................................................................................13 2.3.3. Liabilities of the Issuer under Security It Has Provided...........................................................................23 2.3.4. Other Liabilities of the Issuer....................................................................................................................23 2.4. Risks Inherent to the Acquisition of Securities Being Placed (Already Placed)..........................................23 2.4.1. Industry Risks...........................................................................................................................................24 2.4.2. Country and Regional Risks......................................................................................................................25 2.4.3. Financial Risks..........................................................................................................................................27 2.4.4. Legal Risks................................................................................................................................................29 2.4.5. Risk of Loss of Reputation (Reputational Risk).......................................................................................29 2.4.6. Strategic Risk............................................................................................................................................29 2.4.7. Risks Related to the Issuer's Activities.....................................................................................................29 Section III. Detailed Information on the Issuer.......................................................................................................33 3.1. History of the Issuer's Foundation and Development..................................................................................33 3.1.1. Information on the Issuer's Corporate Name (Name)...............................................................................33 3.1.2. Information on State Registration of the Issuer........................................................................................34 3.1.3. Information on the Foundation and Development of the Issuer...............................................................35 3.1.4. Contact Information..................................................................................................................................36 3.1.5. Taxpayer Identification Number...............................................................................................................36 3.1.6. Branches and Representative Offices of the Issuer...................................................................................37 3.2. Core Business Activity of the Issuer............................................................................................................37 3.2.1. Main Economic Activities of the Issuer....................................................................................................37 3.2.2. Core Business Activity of the Issuer.........................................................................................................37 3.2.3. Materials, Goods (Raw Materials), and Suppliers of the Issuer...............................................................38 3.2.4. Sales Markets for Products (Works, Services) of the Issuer.....................................................................38 3.2.5. Information on the Issuer's Authorizations (Licenses) or Permits for Separate Types of Works..............39 3.2.6. Information on the Activities of Separate Categories of Issuers...............................................................39 3.2.7. Additional Information on Issuers Whose Primary Line of Business Is Mining Operations....................39 2 3.2.8. Additional Information on Issuers Whose Primary Line of Business is Rendering Communication Services...............................................................................................................................................................43 3.3. Plans for the Issuer's Future Activities.........................................................................................................43 3.4. The Issuer's Participation in Banking Groups, Banking Holdings, Holdings, and Associations.................44 3.5. Companies Controlled by the Issuer and Having Substantial Significance for It........................................44 3.6. Composition, Structure, and Value of the Issuer's Fixed Assets and Information on Plans for the Acquisition, Replacement, and Retirement of Fixed Assets as well as on All Encumbrances on the Issuer's Fixed Assets........................................................................................................................................................53 Section IV. Information on the Financial and Economic Activities of the Issuer...................................................53 4.1. Financial and Economic Performance of the Issuer.....................................................................................53 4.2. Liquidity of the Issuer, Capital and Current Asset Adequacy......................................................................54 4.3. Financial Investments of the Issuer..............................................................................................................55 4.4. Intangible Assets of the Issuer......................................................................................................................57 4.5. Information on the Issuer's Policy and Expenses in the Area of Scientific and Technical Development and in Relation to Licenses and Patents, New Developments and Research.............................................................58 4.6. Analysis of Development Trends in the Area of the Issuer's Core Business................................................58 4.7. Analysis of Factors and Conditions Influencing the Issuer's Activities.......................................................61 4.8. Competitors of the Issuer.............................................................................................................................64 Section V. Detailed Information on Members of the Issuer's Management Bodies and the Issuer's Bodies Monitoring Financial and Economic Activities and Backgrounds of the Issuer's
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