Assets

  • Industrial assets
  • Financial assets
  • Retail
  • Construction and development
  • Commercial real estate
  • Hotel business
Industrial assets
PJSC NK RussNeft

PJSC NK RussNeft was established by Mikhail Gutseriev in 2002 and ranks sixth vertically-integrated Russian oil company in terms of production volume.

Today RussNeft includes 17 producing enterprises that work in ten regions of the Russian Federation and CIS countries. Reserve development of 633 million tonnes of oil equivalent involves more than 10,000 highly-skilled employees.

Advanced business-model of RussNeft focuses on production output.

In November 2016 shares of PJSC RussNeft were listed on the Moscow Exchange. Company’s shares form part of Level 1 (A1) Quotation list.

Data for FY2016
Revenue RUB 105bn
EBITDA RUB 25.2bn
Oil production 7.5 million tonnes
Gas production 2.5 billion m3
Employees 15,150
JSC NK Neftisa

The company was founded in 2008. The company's main activities are exploration of hydrocarbon fields, oil production, and sales. The company's global reach covers several large regions of the Russian Federation: Samara Region, Novosibirsk Region, Tyumen Region, Khanty-Mansi Autonomous District, Perm Territory, Udmurtian Republic, and Komi Republic. Neftisa is a holding company for several production companies.

Today, Neftisa performs geological exploration works and produces oil at 109 license blocks. The stock of operating wells stands at 2,500. In addition, the total recoverable oil reserves currently amount to 346.09 million tons. Neftisa is focused on developing so-called average assets with substantial potential for growth of current production and reserves.

Data for FY2016
Revenue RUB 93 073 million
EBITDA RUB 53 230 million
Production 6 920 thousand tonnes
Employees 6,800
Company ForteInvest

Company ForteInvest was established in February 2011.

Company’s major activities are oil stock refining and oil products sales.

JSC ForteInvest is a main shareholder and partner of oil refinery OJSC Orsknefteorgsintez. Together with the refinery the company takes part in reconstruction and modernisation of existing production facilities and development of new ones.

During 2016, Orsknefteorgsintez refined more than 4.5 million tonnes of oil stock.

ForteInvest Group includes three oil producing assets in Orenburg Region. Production output for 2016 amounted to 494 thousand tonnes.

Data for FY2016
Production 494 thousand tonnes
Refining 4.55 million tonnes of oil
Reserves of АВС1+С2 category 40 million tonnes of oil
Revenue RUB 107.3bn
Sladkovsko-Zarechnoe Company

Sladkovsko-Zarechnoye LLC was included into Safmar Group in 2017. The company owns licenses for the extraction of hydrocarbons at three sites in the Orenburg region: Sladkovsko-Zarechnoye, Yasnopolyanskoe and Koshinskoye.

As of January 1, 2017, the recoverable oil reserves of Sladkovsky-Zarechnoye LLC according to the Russian classification amounted 62 million tonnes. Based on the reinterpretation of seismic data, drilling and testing of new wells, the Company's specialists expect to increase the recoverable oil reserves by 1.6 times.

Russian Coal

Russian Coal Company was established in 2002. Production assets of the company are located in three regions of Russia: Amur Region, the Republic of Khakasia and Krasnoyarsk Territory. The company unites six coal mines, a washing plant, energy supplying, transport and repair facilities.

Total coal reserves of the Company (A + B + C1, C2) amount to 1,144 million tonnes.

Coal production for 2016 amounted to 13,651 thousand tonnes.

The company unites six coal mines, a washing plant, energy supplying, transport and repair facilities.

Slavkaliy

Foreign LLC Slavkaliy was established to carry out the investment project between the Republic of Belarus and GCM GLOBAL ENERGY PLC for construction of a mining and processing complex with the capacity from 1.1 to 2 million tonnes of potassium chloride on the base of Nezhin area (Eastern part) of Starobinsky field of potassium salts.

Scheduled completion date of construction – 2020

Reaching the project capacity – 2023

Proved and probable reserves of I and II area formations: 112 million tonnes of potassium chloride (in accordance with JORC)

Company’s assets as of 31.12.2016 – 223.6 Belarusian Roubles (about USD 120m)

Financial non-bank assets of the Group are managed by PJSC SAFMAR Financial investments, Russia’s financial holding company.

SAFMAR Financial investments includes leasing company Europlan, NPF SAFMAR, and holds 49% of shares in VSK Insurance House.

PJSC SAFMAR Financial investments shares are included in the Level 1 (A1) Quotation List of the Moscow Exchange. The market capitalization of the company is more than RUB 80bn.

SAFMAR Group also includes NPF Doverie and NPF Mospromstroy-Fond.

Europlan

Effective from 30 June 2017, the holding company has completed the spin-off of the leasing business from PJSC Europlan (changed its name to PJSC SAFMAR Financial investments on August 21, 2017) into a separate legal entity JSC LC Europlan with 100% equity participation of holding company.

JSC LC Europlan is a leasing company that provides legal entities and individuals with a full range of services related to leases and aftermarket operations of light-duty, heavy-duty, commercial vehicles, special-purpose machines. Additional client services of Europlan include car insurance, car registration with State Traffic Safety Inspectorate and self-propelled vehicle registration with State Technical Authorities, fuel program, emergency service program and car buyout.

Europlan provides car leasing for small and medium enterprises through the network of branch offices and representative offices in more than 70 regions of Russia. The company entered into about 252,000 leasing agreements. Europlan’s lessees are almost 69,000 companies and individual entrepreneurs.

For the 9m 2017 the volume of car leasing transactions (value of vehicles financed for the clients, VAT included) amounted to RUB 50.0bn, which exceeds the volume of 9m 2016 by 63%. From January to September 2017 Europlan and lessees (Russian enterprises, companies, entrepreneurs and individuals) entered into more than 21,000 lease agreements for vehicles, machines and equipment.

Europlan ranks among Top 25 car leasing companies in Europe and top-ranks car leasing sector among Russia’s leasing companies (as reported by European federation of national associations of leasing companies Leaseurope). In 2015 Europlan won ‘Best leasing company of Russia’ (International Finance Magazine Awards), in 2016 – ‘Best car leasing company of Russia’ (Acquisition International) and ‘Best company of 2016’ in the category ‘Financial leasing of Russia’ (Finance Digest). In 2017, Europlan won ‘Leasing market leader in MSB sector – 2016’ (as researched by Expert RA).

Current financial data:

Assets as of 30.06.2017 RUB 41.7bn
NIL RUB 32.3bn
Equity as of 30.06.2017 RUB 8.3bn
Net profit for six months of 2017 RUB 1.83bn
Number of leasing deals for 18 years of work 252,000
Clients 69,000
Branch offices 19
Presence cities 71
Employees 1,600
VSK Insurance House

SAFMAR Group is a co-owner of VSK Insurance House.

In July 2016, integration of insurance businesses of SAFMAR Group and VSK resulted in allocation of 49% shares in VSK to SAFMAR Group.

VSK Insurance House was established in 1992 as a universal insurance company offering services to retail and corporate clients across Russia. The company has consistently ranked among Top 10 insurance players by gross written premiums leading the way in such key segments as motor insurance and voluntary health insurance (VHI). VSK provides insurance coverage for over 15 m retail clients and more than 230,000 corporate customers from Russia. The company’s regional distribution network counts over 400 offices in all Russian regions, which enables VSK to effectively support insurance contracts across the country.

VSK aims to become a company of national importance and scale that will change Russia’s attitude towards insurance by proving that it can be based on partnership and trust.

VSK gross written premiums for 2016 amounted to RUB 53.3bn.

Group of non-governmental pension funds

The group comprises of three funds: NPF SAFMAR, NPF Doverie and NPF Mospromstroy-Fond.

Group funds provide compulsory pension insurance and non-state pension plans insurance. NPF SAFMAR and NPF Doverie are members of the guarantee system of the insured and have credit ratings assigned by Russia’s leading rating agencies. NPF Mospromstroy-Fond works with non-state pension plans insurance.

Group funds are part of self-regulatory organization Association NPF and are actively involved in its activities. NPF SAFMAR participates in the system of guaranteeing the rights of insureds. The Fund is a member of Association of Non-state Pension Funds (ANPF), Association of European Business (AEB) and French-Russian Chamber of Commerce.

In 2016, three non-state pension funds were merged into NPF SAFMAR: European Pension Fund (JSC), NPF REGIONFOND (CJSC) and JSC NPF Education and Science. Reorganization of the funds was carried out in the interest of their customers in order to increase the efficiency of the management of pension assets and improve the level of customer service.

NPF SAFMAR was repeatedly selected at the contests of the State Deposit Insurance Agency to make payments of non-state pensions to clients of funds whose licenses were revoked. In 2017, NPF SAFMAR was selected to pay non-state pensions to customers of three liquidated NPFs.

The Group's funds were founded more than 20 years ago and have extensive experience in the Russian pension industry. The funds not only keep their clients' pension savings and reserves, but also invest them in quality assets that generate additional income, which can affect the growth of future pension payments.

Retail
M.video is Russia’s largest retail chain selling electronics and household appliances.
Number of stores 404
Sales premises 670 thousand sq. m
Revenue RUB 216bn
Online sales* RUB 26bn
Employees 14,900
*Data for FY2016
Eldorado is a federal retail chain selling electronics and household appliances. It has stores in more than 200 cities of Russia.
Number of stores 413
Employees 15,000

A101 DEVELOPMENT specializes on real estate construction and carries out Russia’s largest urban planning Project ‘A101’ in New Moscow.

Over the past 5 years, A101 LLC investments in construction amounted RUB 34bn along with commission of more than 800 thousand square meters.

Land bank comprises of more than 2,500 hectares of land in the territory of New Moscow.

Built apartments > 16,000
Area of built facilities > 1 million sq. m
Land bank area > 2,500 hectare of land on the territory of New Moscow

One of the largest members on the market of construction and reconstruction of industrial and administrative buildings of Moscow.

For 43 years the company has constructed more than 2,000 objects of the total area of 2.1 million sq. m.

Company’s specialists constructed and reconstructed the most significant buildings and structures of the capital city that became its landmarks. As part of its hotel strategy Mospromstroy manages nine 4-5* hotels in Moscow, Astana and Minsk. Total hotel room capacity amounts to more than 2.4 thousand rooms.

Aggregate data of PJSC Mospromstroy
Constructed buildings and complexes > 2,000
Area of built constructions > 2.1 million sq. m
Employees > 10,000
Number of branches 15
Number of subsidiaries 35
MLP Company

Market leader of warehouse real estate. The company manages 1.8 million sq. m of class-A warehouse areas in eight functioning logistics centres:

‘Severnoe Domodedovo’: largest class-A project in the warehouse sector of Russia’s commercial real estate market. Total area – 540 thousand sq. m

‘Chekhov’: large class-A project in the South of Moscow Region. Total area – 337 thousand sq. m

‘Utkina Zavod’: one of the largest class-A projects of warehouse real estate in Leningrad Region. Total area – 210 thousand sq. m

‘Podolsk’: large class-A logistics park in the South of Moscow Region. Total area – 206 thousand sq. m

‘Leningrad Terminal’: class-A warehouse complex park in the North-West of Moscow Region. Total area – 198 thousand sq. m

‘Nikolskoe’: modern class-A logistics centre in the North of Moscow Region. Total area – 107 thousand sq. m

‘Tomilino’: warehouse in the South-East of Moscow Region. Total area – 85 thousand sq. m

Corporation A.N.D.

The corporation manages business and trade centres (43 centres), including premium locations in Moscow.

Total area of functioning office and trade premises – 1.1 million sq. m

Chaika Plaza – eight class-A and class-B business centres mainly in Central Administrative District of Moscow.

Diapason – multifunctional class-A centre in the centre of Moscow (Tverskaya Str.) integrating office, trade and hotel units

Burevestnik – class-A business complex in the prestigious district of South-West Administrative District of Moscow, opposite Vorontsovsky Park

Petrovsky Passazh – trade complex in Petrovka Str. in the centre of Moscow, listed building of federal importance, governed by Bosco di Ciliegi since 2016

Smolensky Passazh – modern trade and business centre of European standard in the centre of Moscow, near Arbat Str.

Kaluzhsky – trade centre at the crossroads of Profsoyuznaya and Obrucheva Str., at a close proximity to Kaluzhskaya tube station

Skolkovo – a range of buildings under construction in Skolkovo Technopark: trade and business centre and transport hub ‘Orbion’, IT-cluster business centre ‘Stratos’, modern office and trade premises at business centre ‘Almathea’.

Hotel business

The Group owns nine luxury hotels with the unique location in the centre of Moscow and two hotels in CIS.

Key data:
Hotel room capacity of Moscow hotels is 2,286 rooms
Hotel room capacity of CIS hotels is 532 rooms
Revenue in 2016 amounted to RUB 7.2bn