Financial highlights |
|||||
---|---|---|---|---|---|
RUB million or % |
1Q 2020 |
1Q 2019 |
Chng, % y/y |
4Q 2019 |
Chng, % q/q |
Revenue |
64,058 |
72,287 |
(11.4%) |
53,142 |
20.5% |
EBITDA* |
18,502 |
24,778 |
(25.3%) |
11,186 |
65.4% |
EBITDA margin |
28.9% |
34.3% |
(5 pp) |
21.0% |
8 pp |
Net (loss)/profit |
(15,588) |
21,139 |
- |
12,679 |
- |
Adj net income** |
14,355 |
13,540 |
6.0% |
8,506 |
68.8% |
Free cash flow |
18,253 |
18,775 |
(2.8%) |
(4,292) |
- |
31.03.2020 |
31.12.2019 |
||||
Net debt, USD mln |
1,957 |
2,126 |
|||
Net debt, RUB mln |
152,142 |
131,583 |
|||
ND/LTM EBITDA |
2.2x |
1.7x |
|||
Sales, ths tonnes |
1Q 2020 |
1Q 2019 |
Chng, % y/y |
4Q 2019 |
Chng, % q/q |
Phosphate-based fertilizers |
2,087 |
1,929 |
8.2% |
1,739 |
20.0% |
Nitrogen fertilizers |
703 |
617 |
13.9% |
537 |
30.9% |
Total sales |
2,790 |
2,546 |
9.6% |
2,276 |
22.6% |
Cost of sales |
|||||
---|---|---|---|---|---|
RUB million or % |
1Q 2020 |
1Q 2019 |
Chng, % y/y |
4Q 2019 |
Chng, % q/q |
Amortisation |
(6,226) |
(5,709) |
9.1% |
(5,242) |
18.8% |
Materials and services |
(10,778) |
(10,633) |
1.4% |
(9,964) |
8.2% |
Phosphate rock transport |
(2,260) |
(2,370) |
(4.6%) |
(1,956) |
15.5% |
Repair expenses |
(2,416) |
(2,413) |
0.1% |
(2,363) |
2.2% |
Drilling and blasting costs |
(769) |
(555) |
38.6% |
(678) |
13.4% |
Other materials and services |
(5,333) |
(5,295) |
0.7% |
(4,967) |
7.4% |
Raw materials |
(10, 036) |
(12,275) |
(18.2%) |
(9,450) |
6.2% |
Ammonia |
(1,191) |
(1,357) |
(12.2%) |
(1,173) |
1.5% |
Sulphur and sulph. acid |
(1,195) |
(3,346) |
(64.3%) |
(1,313) |
(9.0%) |
Potassium |
(3,206) |
(2,716) |
18.0% |
(2,964) |
8.2% |
Natural gas |
(3,797) |
(3,649) |
4.1% |
(2,972) |
27.8% |
Ammonium sulphate |
(647) |
(1,207) |
(46.4%) |
(1,028) |
(37.1%) |
Salaries and social contributions |
(3,587) |
(3,307) |
8.5% |
(3,170) |
13.2% |
Electricity |
(1,706) |
(1,687) |
1.1% |
(1,439) |
18.6% |
Fuel |
(1,144) |
(1,513) |
(24.4%) |
(1,119) |
2.2% |
Products for resale |
(3,083) |
(2,612) |
18.0% |
(1,216) |
153.5% |
Total |
(36,560) |
(37,736) |
(3.1%) |
(31,600) |
15.7% |
Administrative and selling expenses |
|||||
---|---|---|---|---|---|
RUB million or % |
1Q 2020 |
1Q 2019 |
Chng, % y/y |
4Q 2019 |
Chng, % q/q |
Administrative expenses |
(4,652) |
(3,903) |
19.2% |
(4,658) |
(0.1%) |
Salaries and social contributions |
(3,082) |
(2,299) |
34.1% |
(2,365) |
30.3% |
Professional services |
(419) |
(457) |
(8.3%) |
(696) |
(39.8%) |
Amortisation |
(336) |
(361) |
(6.9%) |
(342) |
(1.8%) |
Other |
(815) |
(786) |
3.7% |
(1,255) |
(35.1%) |
Selling and marketing expenses |
(9,720) |
(10,341) |
(6.0%) |
(10,234) |
(5.9%) |
Russian Railways’ tariffs and operators’ fees |
(2,986) |
(3,091) |
(3.4%) |
(2,614) |
14.2% |
Freight, port and stevedoring expenses |
(4,510) |
(5,324) |
(15.3%) |
(5,530) |
(18.4%) |
Salaries and social contributions |
(869) |
(531) |
63.7% |
(709) |
22.6% |
Materials and services |
(609) |
(462) |
31.8% |
(619) |
(1.6%) |
Customs duties |
(354) |
(700) |
(49.4%) |
(458) |
(22.7%) |
Amortisation |
(392) |
(233) |
68.2% |
(394) |
(0.5%) |