DOCSLIB.ORG

Investment in Ozon Investor Presentation April 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investment in Ozon Investor Presentation April 2014 Investment in Ozon Investor Presentation April 2014 Disclaimer Certain statements in this presentation may contain assumptions or forecasts in respect to forthcoming events within JSFC Sistema. The words “expect”, “estimate”, “intend”, “will”, “could” and similar expressions identify forward- looking statements. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the above-mentioned date or to reflect the occurrence of unanticipated events. Many factors could cause the actual Sistema’s results to differ materially from those contained in our projections or forward-looking statements, including, among others, deteriorating economic and credit conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations. 2 Transaction Overview Ozon Group > Russia’s leading e-commerce platform > 15% of all online buyers in Russia; 20% of Russian online users > 16 mln unique monthly visitors > Established logistics chain with own delivery service Key terms: > US$ 75 mln for 10.8% through subscription to the new rights issue (MTS also invests in Ozon at the same terms – 10.8% for US$ 75 mln) > 2 out of 8 seats on the Board of Directors (1 for Sistema, 1 for MTS) with certain veto rights on competition Rational: > Russian e-commerce market is expected to triple structurally by 2018 > Ozon Group is a leading e-commerce platform in Russia with the strongest brand and its own logistics network > Ozon Group focuses on product categories which are relevant for Sistema’s subsidiaries and synergies may be achieved between the Groups OZON offers an attractive entry point into Russia’s rapidly growing e-commerce sector 3 E-Commerce Market in Russia Russian internet audience and penetration E-commerce penetration by country, 2013 70% 57% 49% 53% 10.4% 43% 25% 27% 29% 13% 15% 18% 102 7.3% 8% 70 76 82 61 6.0% 12 19 22 26 35 38 41 5.6% 5.5% 4.8% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013P 2018P Monthly unique users, mln Penetration 3.1% 2.8% Share of e-commerce in Russia (% of total retail*) 0.7% UK USA Germany China France Russia Brazil Russia India US$ bln>> 8 12 36 72 2018 2013 CAGR CAGR CAGR 15% 7.0% > Russian internet penetration is rapidly increasing and expected to 44% 4.5% 23% achieve 70% by 2018 1.5% 1.8% > E-commerce penetration in Russia is still low compared to other countries, providing an opportunity for significant growth 2010 2012 2015 2020 > E-commerce growth expected to follow internet audience expansion but Forecast for 2012-2015 with 2-3 years lag Source Forecast Morgan Stanley 44.2% > The market is currently highly fragmented, with a multitude of smaller InSales 37.5% players, while the market leader OZON has ca. 3.3% of the market. VTB Capital 33.3% Wall Street&eMarketer 27.0% Data Insight 22.5% Euromonitor 19.8% *Morgan Stanley ** Euromonitor 4 Evolution of the E-commerce Market in Russia 1995-2010 2011-2014 2015-2020 (forecast) Market formation Emergence of market leaders Market consolidation > Market size: US$ 0.5-8 bln > Market size: US$ 8-15 bln > Market size: US$ >50 bln > Revenues of leaders: US$ <0.05 > Revenues of leaders: US$ ~0.5 bln > Revenues of leaders: US$ ~3 bln bln > PE Investment in market leaders: > Strategic investments in market > Venture investment in market US$ 50-500 mln leaders: >US$ 1 bln leaders: US$ 0.1-10 mln > High level of competition > IPOs of market leaders > Entrance of a large quantity of > Emergence of leaders in market > Consolidation of market players players into the market segments > Formation of strong local players > Lack of obvious leaders by market (following the pattern of the success of segments Yandex and VKontakte) The right time for Sistema to invest in the segment The industry is at the stage where Private Equity and strategic investors are buying into the major players 5 OZON Group Today Growth of Gross Merchandise Value* > No.1 multi-category online seller in 14 categories of goods > 10 mln of registered users RUB bln > 750,000 unique visitors per day 23,8 > Over 3.5 mln orders delivered in 2013 CARG 65% 15,9 > One of the largest online seller of clothes, footwear, bags and 8,7 accessories – 5th place in terms of traffic 5,0 > 4,4% of online purchases of footwear in Russia 3,2 > Over 250,000 pairs of shoes from over 400 brands > The quickest-growing segment in e-commerce 2009 2010 2011 2012 2013 > No.1 B2C Internet resource for travelling in Russia > 1.5 mln unique visitors per month > 278,000 hotels available for order Shareholder structure > 5 logistic terminals, total area >33 thous. sq.m > More than two thousand self pickup points Other Baring 31% > 3.9 mln parcels in 2013 Vostok CP 34% > A B2B service launched in 2013 that helps Russian and Index Sistema and international brands to develop strategies that improve their Ventures MTS online sales, find technological solutions, and to process and 14% 21% deliver the orders * Gross Merchandise Value is the total paid by customers for goods and services icnl. VAT 6 Leadership in Key Segments for Sistema Broadest selection of products Diversified sales % SKUs w/o Media % Net Sales Other Beauty OZON Beauty Sports 6% Shoes and Shoes and 3% apparel travel 3% apparel 16% 7% 15% Home&Deco Toys&Kids 13% Gifts 7% 2% Electronics Toys&Kids 6% 16% Media Art 33% 2% Gifts Electronics Art Sports 16% 23% 23% 2% Home&Deco 6% Leadership in Electronics Leadership in Moms&Kids 21 20 58 21% 19% 9 19% 11 43% 5 22% 17% Svyaznoy Ozon.ru M.Video Ozon.ru Detsky mir Mytoys.ru SKU, '000 % brand awareness among online buyers SKU, '000 % brand awareness among online buyers *Source: RBC research 2012 7 Developed Logistics Platform: O-Courier Fast growing delivery business Large storage and sorting area Parcels delivered, mln Pick-up points Map of logistics terminals 3,9 2 253 1,9 480 St.Petersburg 140 Tver Moscow 2010 2013 OZON Lamoda Wildberries Ekaterinburg Novosibirsk Delivery channel, % of orders Nationwide delivery service which covers 160+ largest cities in Russia Euroset Other Russian Post 4% 2% > Next day delivery in Moscow and St- 7% Petersburg > Total warehouse storage and sorting area of >33,000 sq m > 2-8 day delivery into other regions > 4,900 staff engaged in delivery services (incl. outsourcing) > Contracts with 6 line haul forwarders O-Courier > 3.9 mln orders in 2013* agents O-Courier > Integration with major courier > Contracts with 31 regional forwarders 31% 56% services and freight forwarders > 640 couriers (incl. outsourcing) > 8% of third parties orders in 2012 * Including processing of 0.3 mln orders via Russian Post and Express Delivery 8 OZON Operating Growth Growing Internet Audience of OZON High Share of Loyal Customers Average monthly unique visitors, mln 16.0 13.7 1.5 1.0 2.0 10.4 2.5 69% 0.5 1 order every 6 months 2.1 12.5 10.2 7.8 16% 2 orders every 6 months 15% 3+ orders every 6 months 2011 2012 2013 Customers OZON.ru Sapato.ru OZON.Travel Increasing Customer Spending Unrivalled Brand Recognition* 96 Average order value of OZON.RU, RUB 91 86 69 61 52 53 2 155 44 43 41 39 +6.7% 28 23 15 11 18 11 17 16 2 2 6 3 7 7 2 7 5 6 2 020 2012 2013 First mentioning Spontaneous brand awareness Prompted awareness *Source: Romir Research 9 Potential Synergies with Sistema’s Group OZON deal unlocks a great deal of synergies with Sistema’s companies Detsky MTS- MTS mir Bank Audience expansion and stronger market position > Increase traffic in PoS > Wider assortment for online sales > Strengthen MTS’s brand by expansion in the area which > OZON client base > CRM/Joint bonus programmes and compliments its core mobile and retail businesses > Extension of footprint (delivery service) loyalty programmes/Target marketing > Exclusive contract for selling plans and smartphones > Joint marketing campaigns > Joint bonus programmes and loyalty programmes Benefits from online market experience > Access to active online buyers; potential cross sale > OZON market experience and market insight > The use of e-commerce growth to boost of MTS services > Better understanding of online customers the usage of modern banking services > Outsourcing of online development function behaviour > Online channel for distribution of credit cards Cost reduction > Reduction of fixed costs share by higher volumes > Lower costs of ordersassembly and delivery due > Partial use of OZON's logistical infrastructure to OZON volumes > Lower delivery costs > Decrease in fixed and direct costs due to larger volumes Sistema’s investment in OZON opens up potential e-commerce opportunities for several portfolio companies 10 Thank you for your attention! 11 .
Load more

Recommended publications
  • Market News Company News SECURITIES MARKET NEWS
    SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody January 21, 2021 Issue No. 2021/02 Market News Finance Ministry fully places RUB 20 bln OFZ bonds On January 20, 2021 Russia’s Finance Ministry said in a statement that it hd fully placed RUB 20 bln of OFZ 26234 bonds with a fixed coupon maturing in July 2025 at an auction on January 20. The cut-off rate amounted to 96.0801% and the weighted average rate stood at 96.162%. The cut-off yield stood at 5.57% and the weighted average yield at 5.55%. Demand for the bonds totaled RUB 38.97 bln. Company News Rosseti terminates CEO Livinsky, appoints Lenenergo CEO Ryumin On January 16, 2021 it was disclosed by reporters that Russian state power grid holding Rosseti had terminated powers of CEO Pavel Livinsky ahead of schedule, and appointed Andrei Ryumin, CEO of the company’s subsidiary Rosseti Lenenergo, as the company’s acting CEO. In its turn, the board of directors of Rosseti Lenenergo has terminated the powers of Ryumin ahead of schedule and appointed Chief Engineer Igor Kyuzmin as the company’s acting CEO. Livinsky was elected as the CEO of Rosseti in September 2017. Earlier in January, Kommersant business daily reported quoting sources that the government may appoint Livinsky as a head of an energy department that would be created in the framework of an administrative reform. Cherkizovo Group board again approves offering of 10.3 mln shares On January 17, 2021 it was stated that the board of directors of Russian meat producer Cherkizovo Group had again approved a public offering of 10.262 mln additional shares at a meeting that had took place on January 16.
    [Show full text]
  • SDN Self Assessment
    SDN ACCREDITED MASTER Self-assessment by Irina Baranova SUBMITTED ON 05 JUN 2020 I currently work as a/at: Co-owner and partner at the consulting agency INEX Partners https://inex.partners My LinkedIn profile: https://www.linkedin.com/in/irina-baranova-b417941/ My social media channels: https://www.facebook.com/kuteneva My educational background: Visiting Researcher at Stanford (Center for Design Research, Hasso Plattner Institute of Design Thinking), course on Design Thinking approach, 2006-2007 Co-author and author of courses on Design Thinking and Service Design since 2007 in Russia (Moscow State University, Business School Skolkovo, High School of Economics) Course "Innovation Design", INSEAD, May 2019 March 16-20, 2020, Future London Academy, Design Thinking&Innovation Week The following theories are the key components of my approach to service design: Anthropology Human-centered design Participatory Design Neuropsychology System Thinking These are the most relevant resources I base my work on and I recommend them as a body of knowledge in service design: https://www.thisisservicedesigndoing.com https://www.service-design-network.org https://www.ozon.ru/context/detail/id/137939562/ https://www.ozon.ru/context/detail/id/160373891/ Self-assessment by Irina Baranova I have X years of working experience in service design: 10 I have particular experience in the following service sectors: Education Finance Retail Talent Development&Human Resources Government These are the service design projects I have successfully delivered: 2013 – 2018 – methodologist, trainer and trainer for trainers of the program Design Thinking Programme for Sberbank staff 2015 - 2017 – trainer and methodology co-creator at the Design Thinking Laboratory (Sberbank) https://www.service-design- network.org/community-knowledge/the-road-to-client-service-with-russias-largest-bank 2016 – 2020 – trainer of Design Thinking and Service Design Academy in Ukraine https://ideasfirst.info/events/service-design-academy-3-2/ 2016 – Redesign client experience for https://eva.ua.
    [Show full text]
  • Ozon Announces First Quarter Results and Raises GMV Guidance for Full
    Ozon Announces First Quarter Results and Raises GMV Guidance for Full- Year 2021 to 100% Year-on-Year May 18, 2021 – Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “OZON” or the “Company” or the “Group”), a leading Russian e-commerce platform, announces its unaudited financial results for the first quarter ended March 31, 2021. First Quarter 2021 Financial Results Highlights • Number of orders increased to 34.1 million growing by 161% year-on-year, compared to 13.1 million orders delivered in Q1 2020. • GMV incl. services increased to RUB 74.2 billion, with growth reaching 135% year-on- year, compared to RUB 31.6 billion in Q1 2020. • Share of Marketplace reached 58.4% as percentage of GMV incl. services, compared to 32.6% in Q1 2020. • Adjusted EBITDA was negative RUB 4.9 billion, which is comparable to negative RUB 4.5 billion in Q1 2020, with Adjusted EBITDA as percentage of GMV incl. services improving to negative 6.5% from negative 14.2% in Q1 2020. • Cash flow from operating activities was negative RUB 12.1 billion, compared to negative RUB 2.4 billion in Q1 2020, driven by the seasonal cash outflow on the back of trade payables due in Q1, following the strongest Q4 2020 trading in Company’s history. Alexander Shulgin, Chief Executive Officer of Ozon commented: “We had a fantastic start to the year, with 135% GMV growth in Q1, marking the sixth quarter in row with GMV growth exceeding 100%. We are encouraged by our progress year to date, and raised our GMV growth outlook for the full year to 100% growth year-on-year.
    [Show full text]
  • Annual Report
    Annual Report 2018 About the Company Financial Performance Key Asset Results Corporate Governance Social Responsibility 1 SISTEMA Contents ABOUT THE COMPANY 2 CORPORATE GOVERNANCE 82 Profile of Sistema 4 Sistema’s Corporate Governance Principles 84 Investment Portfolio 6 Sistema’s Corporate Governance Structure 85 CEO’s Statement 8 General Meeting of Shareholders 86 Key Events of 2018 10 Board of Directors 88 ONE OF THE LARGEST Mission and Strategy 14 Committees of the Board of Directors 92 FINANCIAL PERFORMANCE 16 President 94 Financial Performance in 2018 18 Management Board 95 PRIVATE INVESTORS Shareholders’ Equity 22 Committees Reporting to the President 96 and the Management Board Report on Dividends 24 Specific Characteristics of Risk Management, Sistema’s Credit Ratings 25 Internal Control and Internal Audit Systems 98 INTO RUSSIA’S KEY ASSET RESULTS 26 Development of the Corporate Governance System in 2018 100 MTS 28 Remuneration Policy 102 Detsky Mir 32 CONTEMPORARY Risks 104 Segezha Group 36 SOCIAL RESPONSIBILITY 110 Medsi 42 ESG and Corporate Responsibility Principles 112 ECONOMY Agroholding “STEPPE” 49 Contribution to Socio-Economic Development 113 Real Estate Assets 54 Social Investment in Technology and Human Capital 113 RTI 60 External Assessment of Sustainable Development 115 8 BPGC 63 For more information about Sistema Hospitality Assets 66 visit our website: Binnopharm 69 https://sistema.com Other Portfolio Companies 72 Funds 74 Ozon 80 2 SISTEMA Annual Report 2018 sistema.com About the Company Financial Performance Key Asset Results Corporate Governance Social Responsibility 3 PROFILE OF SISTEMA 4 ABOUT INVESTMENT PORTFOLIO 6 CEO’S STATEMENT 8 THE COMPANY KEY EVENTS OF 2018 10 MISSION AND STRATEGY 14 4 SISTEMA Annual Report 2018 sistema.com About the Company Financial Performance Key Asset Results Corporate Governance Social Responsibility 5 1 In accordance with IFRS.
    [Show full text]
  • Downloads E-Books Books 84,87% 23,17% Digital Distribution Revenue in Russia, Mln EUR
    Book Market in Russia • Analytic reports of the Book Industry magazine • Statistical data of the Russian Book Chamber • Book Market in Russia 2010-2020 database • Culture Map of Russia data Book Market Revenue in Russia, mln EUR 2014 downturn caused by foreign exchange rate volatility 2500,00 76,15 80,00 Printed books E-books (incl. audiobooks) 66,05 70,00 2000,00 53,67 60,00 50,00 1500,00 41,96 1969,47 1945,25 40,00 1829,24 30,30 1000,00 26,26 30,00 13,82 25,79 20,00 500,00 1110,81 1029,22 1040,93 7,70 970,37 10,00 990,55 1321,76 0,00 0,00 2011 2012 2013 2014 2015 2016 2017 2018 2019 F Expert's Opinion Due to ongoing financial problems in the country, the publishing business is rapidly losing profitability, inevitably narrowing the scope of innovation and scaling down prospective projects. That being said, the market is not falling, the demand for books remains stable while the decline in traditional book store sales is partly compensated by online sales, e-books and sales generated through non-book retailers. Boris Kuznetsov, ROSMAN Federal Law No. 77 “On the Legal Deposit of Article 164.2 of the Tax Code is By Order No. 1047 of the Publications” requires publishers to provide amended to guarantee a reduced tax Russian Ministry of several copies of every publication to the rate of 10% for education-, science- Education and Science, all Book Chamber of Russia for statistical and culture-related book production.
    [Show full text]
  • E-Commerce in Russia
    AND PRESENT E-Commerce in Russia E-COMMERCE IN RUSSIA What brands, entrepreneurs and investors need to know Whatto international succeed in one merchants, of the world’ brandss hottest and entrepreneurs markets must know to succeed in a market that doubles in size every year PART 1: THE DOMESTIC MARKET EXECUTIVE SUMMARY – MAY 2014 IN PARTNERSHIP WITH WITH THE SUPPORT OF E-COMMERCE IN RUSSIA – PART 1: THE DOMESTIC MARKET About this study This short, ad-funded version contains excerpts from a comprehensive research study offered by East-West Digital News, the international resource on Russian digital industries, in partnership with eTail Europe. The research was conducted in partnership with leading consultancies and universities, and based on interviews with over 120 industry players and experts. Details on the full version (10 chapters, 420 pages) are available on page 57. To order a copy, please email us at [email protected]. About the publisher East-West Digital News is the first international information company dedicated to Russian digital industries. Its website EWDN.COM provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, mobile and telecom industries, digital TV and satellite systems, software and hardware innovation, as well as to the related investment activity and legal developments. A consulting branch, East-West Digital Consulting, provides international players with assistance for business development in Russia and advises Russian companies on their international strategies. For more information, please contact us at [email protected] Advertising, sponsorship and distribution opportunities To inquire about advertising and sponsorship opportunities, or if your would like to get involved in the distribution of this study, please contact us at [email protected].
    [Show full text]
  • Sustainability Report 02 OVERVIEW
    2015 Sustainability Report 02 OVERVIEW Content Sistema owns key assets in several industries that are of paramount importance for the development of the Russian Federation`s economy. Thus, as a large investment corporation, Sistema influences significantly on the lives of millions of Russians. Acting as a responsible investor, the Corporation takes into account various environmental and social aspects of its activities and fully accepts its responsibility to all stakeholders. OVERVIEW 04 Key Performance Indicators 88.2 06 Calendar of Events RUB bn 10 Awards and Achievements tax payments 16 Chairman’s Message 20 Sustainable Development Agenda 139.2 SECTION 1. CORPORATE PROFILE RUB bn investment programme 28 1.1. Investment Strategy 38 1.2. Economic Performance and Investments 40 1.3. Corporate Governance 1.35 45 1.. Procurement Activities RUB bn 52 1.5. Risk Management 57 1.6. Business Ethics and Anti-Corruption Activities сharitable and social expenditures 64 1.7. Personnel Management 90 1.8. Stakeholder Engagement 100 1.9. Managing Corporate Social Responsibility > 155 thousand employees To get some more information, please, visit our corporarte web site: http://www.sistema.com 2015 SUSTAINABILITY REPORT | SISTEMA PJSFC www.sistema.com Contents Key Performance Indicators 03 SECTION 2. INVESTMENT IN SUSTAINABLE DEVELOPMENT 112 2.1.1. New talents for an innovative economy 2.1. 121 2.1.2. Developing the Innovative Potential of the Youth Investments in Human Capital 129 2.2.1. Social & Economic Partnerships 2.2. 135 2.2.2. Improving Standards of Living 146 2.2.3. Supporting Healthcare Development of Regions and Communities 155 2.3.1.
    [Show full text]
  • Ozon Announces Fourth Quarter and Full Year 2020 Financial Results
    Ozon Announces Fourth Quarter and Full Year 2020 Financial Results March 30, 2021 – Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “OZON” or the “Company”), a leading Russian e-commerce platform, announces its financial results for the fourth quarter and the full-year ended December 31, 2020. Fourth Quarter 2020 Financial Results Highlights • Number of orders increased to 29.6 million growing by 137% year-on-year, compared to 12.5 million orders delivered in Q4 2019. • GMV incl. services increased to RUB 75.8 billion, with growth accelerating to 147% year-on-year, compared to RUB 30.7 billion in Q4 2019. • Share of Marketplace reached 52.3% as percentage of GMV incl. services, doubling compared to 25.5% in Q4 2019. • Adjusted EBITDA was negative RUB 3.6 billion compared to negative RUB 5.3 billion in Q4 2019, with Adjusted EBITDA as percentage of GMV incl. services improving to negative 4.7% from negative 17.1% in Q4 2019. • Cash flow from operating activities increased to RUB 10.6 billion, compared to negative RUB 2.7 billion in Q4 2019. • Free cash flow increased to RUB 7.8 billion compared to negative RUB 4.7 billion in Q4 2019. Full-Year 2020 Financial Results Highlights • Number of orders increased to 73.9 million growing by 132% year-on-year, compared to 31.8 million orders delivered in the Full-Year 2019. • GMV incl. services increased to RUB 197.4 billion with growth accelerating to 144% year-on-year, compared to RUB 80.8 billion in Full-Year 2019.
    [Show full text]
  • View Annual Report
    1 2014 ANNUAL REPORT a step ahead ANNUAL REPORT 2014 3 29.6 2007 39.4 2008 30.7 2009 30.0 2010 30.4 2011 30.2 2012 2014 38.4 2013 ANNUAL 51.2 2014* REPORT Dividends (RUB bln) * Outlook MTS OJSC is the leading telecommunications operator in Russia Just the Facts 2 and the CIS. The Main Outcomes for 2014 3 MTS OJSC helps people communicate and get information in all 1. About the Company regions of Russia, Armenia, Belarus, Ukraine, Uzbekistan and Turkmenistan. 2014 Highlights 6 Background 8 MTS OJSC is successfully achieving the objective of The President’s Message to the Shareholders 12 strengthening leadership and maintaining high business CONTENTS The Board Chairman’s Message 16 efficiency. In 2014, MTS OJSC presented the Company’s new development 2. Business Review strategy for 2014–2016, which focuses on three key areas: Market Position of the Company 20 “data”, “differentiation” and “dividends”. Our Strategy 22 New business strategy is a timely response of MTS to the Report of the Board of Directors 24 changes in telecom market, growth the customers’ needs Operating Results 26 and expectations, as well as a logical continuation of the “3i” strategy, which has completely accomplished its task. We 3. Information for the Shareholders and Investors have completed the planned integration stages, launched Corporate Governance 56 MTS transformation processes required for the development Information for the Shareholders 112 in mobile and fixed Internet markets, managed not just to The Company’s 2014 Financial Results 126 introduce the innovations in their pure form, but to use an Risk Factors 130 innovative approach to the development of tariff plans.
    [Show full text]
  • Kremlin Allies' Expanding Control of Runet Provokes Only Limited Opposition
    UNCLASSIFIED//FOUO 28 February 2010 OpenSourceCenter Media Aid Kremlin Allies' Expanding Control of Runet Provokes Only Limited Opposition Pro-Kremlin oligarchs have gradually acquired significant stakes in the most popular websites in Russia, apparently seeking profitable investments, while augmenting other government moves to establish control over the Russian Internet. While specific population segments are intensely alarmed about Internet censorship and take steps to expose or thwart government efforts, the majority of the public is unconcerned about freedom of the press or Internet and is unlikely to oppose censorship of the Internet. With the government closely controlling TV and much of the press, the Internet has been the main venue for expression of opposition views, and social networking sites, which have become extremely popular, have developed outside government control. Television remains the leading and most popular source of information in Russia and the Russian Government maintains tight control of it for this reason, with the most popular channels being owned by the state or progovernment oligarchs. However, social networking sites have grown dramatically in popularity in recent years and are now the most popular websites in the Russian Internet. Sites such as VKontakte, a Facebook clone, Odnoklassniki, a Classmates.com clone, and LiveJournal, a blogging platform, now attract a monthly audience of many millions of users each. The Kremlin has taken notice of the increasing significance of the Internet and social media sites in particular and has begun enacting laws and policies aimed at giving it greater control. Kremlin-friendly oligarchs, who may also be motivated by the profitability of these sites, have also begun investing heavily into the top social networking and Internet outlets, potentially creating a situation similar to that of the national television networks.
    [Show full text]
  • Annual Report
    Annual Report 2016 PRE-APPROVED by the resolution adopted by MTS PJSC Board of Directors May 25, 2017, Minutes No.258 APPROVED by Annual General Meeting of Shareholders of MTS PJSC June 29, 2017, Minutes No.41 The path length of 24 years for MTS company was full of the most ambitious change. First and foremost, we ourselves are different now: a local mobile operator was transformed into multi-service. But now we are not resting on our laurels. The era of great events and achievements only starts! Today MTS is focused on IT industry and digital environment. We have all the resources to continue to create digital products and services that impact society, culture and economy. We know how to change to a better tomorrow! We turn changes into reality Mission We believe that life is a space of opportunity for all. Since birth, every person has the potential to take advantage of this opportunity for their own good and that of the whole world. We believe that every human being is a potential hero who can accept any challenge and follow their dreams. The world is changeable and every day springs new surprises, thus, following these circumstances, MTS gives every person assurance helping to fulfil their potential and move towards new prospects. MTS is a source of opportunity. You know you can! About MTS Dear friends, We are working in the telecommunications industry which is strategic for the country development and indispensable for resolving a wide range of everyday and business tasks of any person. All kinds of services rendered by MTS, such as mobile and fixed-line telephony, Internet access, have long been firmly established in the “consumer basket” of every Russian.
    [Show full text]
  • Results for the Twelve Months Ended 31
    RAVEN PROPERTY GROUP LIMITED Results for the 12 months ending 31 December 2019 Moscow International Business Centre 1 CORPORATE HISTORY 2005 2005 2006 2008 2009 2009 2010 2011 2012 153M ORDINARY FURTHER 269.5M RR COMPLETES RR ISSUES 76M RR COMPLETES THE RUS AND RUSW RUSP ARE ADMITTED RR PLACES FURTHER RAVEN SHARES (“RUS”) RUS PLACED AND INTERNALISATION PREFERENCE TAKEOVER OF RAVEN ARE ADMITTED TO TRADING ON THE 48.4M RUSP AND ADMITTED TO ADMITTED TO OF ITS PROPERTY SHARES (“RUSP”) MOUNT PLC TO TRADING ON MAIN MARKET OF COMPLETES THE RUSSIA TRADING ON AIM TRADING ON AIM ADVISER AND WARRANTS THE MAIN MARKET THE LSE ACQUISITION OF (“RR”) (“RUSW”) TRADING OF THE LSE PUSHKINO LOGISTICS INCORPORATED ON AIM PARK, A CLASS 1 TRANSACTION 2013 2016 2017 2017 2017 2018 2018 2018 50% OF RUSP IN RR ISSUES 108.7M RR ACQUIRES RR ISSUES FURTHER RR ACQUIRES SEVER RAVEN RUSSIA RPG ACQUIRES RPG ACQUIRES ISSUE CONVERTED CONVERTIBLE GORIGO LOGISTICS 89.8M CONVERTIBLE LOGISTICS PARK OF (“RR”) CHANGES SEVER2 LOGISTICS VOLGA LOGISTICS INTO RUS PREFERENCE SHARES PARK AND TWO PREFERENCE SHARES 195,000 SQM NAME TO RAVEN PARK OF 58,851SQM WAREHOUSE OF (1 RUSP FOR 2 RUS) (RUSC) ADMITTED OFFICE CENTRES IN (RUSC) ADMITTED PROPERTY GROUP 64,375 SQM IN TO TRADING ON TISE ST PETERSBURG TO TRADING ON TISE (“RPG”) NIZHNIY NOVGOROD RESULTS FOR THE 12 MONTHS ENDING 31 DECEMBER 2019 © 2020 RAVEN PROPERTY GROUP LTD. 2 RESULTS HIGHLIGHTS NET OPERATING UNDERLYING EARNINGS BASIC DILUTED NAV DISTRIBUTION PER INCOME AFTER TAX UNDERLYING EPS PER SHARE ORDINARY SHARE FOR THE YEAR £126.5 MILLION £43.2 MILLION 7.67 PENCE 75 PENCE 3.5 PENCE INVESTMENT INVESTMENT REVALUATION AVERAGE PORTFOLIO PROPERTY (SQM) PROPERTY VALUE SURPLUS WAREHOUSE RENT OCCUPANCY TODAY 1.9 MILLION £1.4 BILLION £48.3 MILLION RUB 4,922 92% PER ANNUM PER SQM RESULTS FOR THE 12 MONTHS ENDING 31 DECEMBER 2019 © 2020 RAVEN PROPERTY GROUP LTD.
    [Show full text]