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INVESTOR FACTBOOK August 2015

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INVESTOR FACTBOOK August 2015 INVESTOR FACTBOOK August 2015 Public Joint Stock Company United Aircraft Corporation (PJSC UAC, Corporation) The business areas of the production and other facilities making up PJSC UAC include development, construction, testing and maintenance support, as well as service support for military, civil, transport and special aircraft. The mission of the Corporation ─ development, production and service support for military and civil aircraft with priority needs of government customers, achieving and maintaining long-term competitiveness of the Russian aircraft industry on the global market. The key strategic objective of the Corporation ─ to achieve the status of third world center of aircraft production with a stable position on the global market by 2025. The Corporation is included into the list of strategic enterprises and strategic joint-stock companies. Corporation’s total headcount is approximately 100 thousand employees. Product Portfolio Civil Aircraft Global products SSJ 100 MS-21 Wide-body airliner Short-range narrow-body airliner Medium-range narrow-body Joint project with COMAC at inception (98 passengers) airliner stage (150-180 passengers) (210-350 passengers) Local products An-148 Tu-204/214/204SM Il-96 Short-range narrow-body aircraft Medium-range narrow-body Long-range wide-body airliner (75 passengers) airliner (257-289 passengers) (210 passengers) Military Aircraft Su-30 Su-34 MiG-29К/М Yak-130 Heavy multirole fighter Heavy tactical bomber Medium multirole fighter Combat trainer (generation «4+») (generation «4+») (generation «4+») Su-35 MiG-35 PAK FA PAK DA Heavy multirole fighter Medium multirole fighter Heavy multirole fighter Strategic bomber and (generation «4++») (generation «4++») (generation «5») missile carrier Transport Aircraft Il-112V МТА Il-76MD-90А PTA (maximum payload – 6 t) (maximum payload – 20 t) (maximum payload – 60 t) (maximum payload – 80 t, 160 t, 240 t) Special Aircraft Be-200 Other unique aircraft (maximum payload – 12 t) Ту-214ON (Open Sky), А-50U (long-range radar detection aircraft) and others Strategic priorities by 2025 • To achieve the status of third world center of aircraft production with a global market share of not less than 3.2% and 10.2% in the civil and military aircraft, respectively. • The share of civil aircraft segment in the Corporation’s revenue must be not less than 40%. • Net profit margin must be at least 10.8% by 2025. • Labour productivity must reach a level of at least RUB 19.2 mln per employee. Key Assets Public Joint Stock Company United Aircraft Corporation comprises some 30 companies representing Russia’s aviation manufacturing sector, including PJSC Company Sukhoi, PJSC Irkut Corporation, JSC RAC MiG, JSC Sukhoi Civil Aircraft, JSC OKB Imeni A.S. Yakovlev, PJSC Il, JSC Tupolev, CJSC Aerocompozit, PJSC NAZ Sokol, JSC Aviastar-SP, PJSC VASO, PJSC TANTK Imeni G.M. Berieva. 1 INVESTOR FACTBOOK August 2015 Securities Security Ordinary non-documentary shares main issue: 1-02-55306-Е as of Apr 26, 2013, ISIN RU000A0JPLZ7 additional issue 001D: 1-02-55306-Е-001D as of Aug 29, Issue number 2013, ISIN RU000A0JU4C2 additional issue 002D (placement is not finished) : 1-02- 55306-Е-002D as of Jun 16, 2015, ISIN RU000A0JVJ52 main issue: 219,654,789,158 shares additional issue 001D: 16,208,959,970 shares Volume additional issue 002D (as of Aug 10, 2015): 118,484,338,328 shares Nominal value 0.86 RUB each Stock Exchange CJSC MICEX Stock Exchange Ticker UNAC Level of listing/Sector Second level/ Innovation and Investment Market Broad Market Index, Industrial Index, Second-Tier Index, Inclusion in Moscow Exchange Indices MICEX Innovation Index Security Fixed rate non-convertible bonds number: 4-01-55306-E as of Feb 22, 2011 Issue volume: 46,280,000 bonds with nominal value of 1,000 RUB each ISIN RU000A0JRA65 Placement completion Mar 18, 2011 Maturity (days) 3,290 Coupon rate 8.0% annual Collateral Guarantee of the Russian Federation Stock Exchange CJSC MICEX Stock Exchange Level of listing Third level Share Capital As of Aug 10, 2015, 90.3% of UAC’s outstanding ordinary shares are owned by the Russian Federation, 5.6% of shares are held by the Vnesheconombank and 4.1% are in free-float. Under the state privatization program it is planned to sell part of the UAC stock owned by the state before 2024 and reduce its share to 50% plus 1 share. Management Bodies Board of Directors President Management Board Denis Manturov (Chairman) Yury Slyusar Yury Slyusar (Chairman) Boris Alyeshin Alexander Bobrishev Yury Borisov Sergey Velmozhkin Vladimir Dmitriev Oleg Demchenko Andrey Ivanov Dmitry Eliseev Pavel Kadochnikov Vildan Zinnurov Andrey Klepach Sergey Korotkov Valery Okulov Svetlana Kraychinskaya Yury Slyusar Dmitry Matsenov Ivan Kharchenko Igor Ozar Sergey Chemezov Nikolay Savitskikh Alexander Tulyakov Sergey Yurasov 2 INVESTOR FACTBOOK August 2015 Consolidated Operational and Financial Results 2010 2011 2012 2013 2014 2014/2013 Aircraft Deliveries 74 102 94 111 159 43% Military aircraft 65 88 71 79 124 57% Civil aircraft 6 7 18 29 33 14% Transport aircraft 1 3 2 - - - Special aircraft 2 4 3 3 2 -33% Revenue, RUB mln 140,682 161,653 171,019 220,065 294,538 34% EBITDA, RUB mln (1,637) 14,987 4,483 16,486 23,905 45% Profit (loss) from operations, RUB mln (11,845) 3 602 1,135 4,212 271% Profit (loss) for the year, RUB mln (20,166) (13,346) (5,650) (13,508) (13,654) 1% Dividends in reporting period (on results of - - - - 180 - the previous year), RUB mln Dividend per share in reporting period (on - - - - 0.0007793 - results of the previous year), RUB Market price of share at the end of the 0.44 0.18 0.14 0.12 0.09 -21% reporting period, RUB EBITDA margin -1.2% 9.3% 2.6% 7.5% 8.1% - Operating margin -8.4% 0.0% 0.4% 0.5% 1.4% - Interest coverage -84.4% 0.0% 4.1% 6.8% 18.6% - Net margin -14.3% -8.3% -3.3% -6.1% -4.6% - Dividend yield - - - - 0.7% - Net debt, RUB mln 106,887 148,983 162,746 201,682 262,346 30% Total equity, RUB mln 89,037 92,953 108,950 104,556 138,201 32% Net debt/Revenue 0.76 0.92 0.95 0.92 0.89 - Net debt /EBITDA -65.29 9.94 36.30 12.23 10.97 - EV (Enterprise Value), RUB mln 189,508 185,794 191,858 226,984 282,335 24% EV/EBITDA -115.77 12.40 42.80 13.77 11.81 - Contacts PJSC UAC IR of PJSC UAC 22 Ulansky side-street, bldg.1, Moscow, 101000, Russia Tel.: +7 495 926 14 20, ext.80-65 Tel.: +7 (495) 926 1420 Fax: +7 (495) 926 1421 E-mail: [email protected] http://www.uacrussia.ru/ Twitter: @UAC_IR E-mail: [email protected] 3 .
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