Inter Rao · RUS:IRAO
Inter Rao — Investor Presentation (May 2011)
9 slides from Inter Rao's investor presentation, May 2011
Slide 1: Private Placement Results
«PRIVATE PLACEMENT RESULTS» | ENERGY BEYOND BORDERS
Slide 2: Additional share issue Fundamentals
Additional share issue Fundamentals Basic results of Private placement : INTER RAO share placement price – 0.0535 RUB Number of shares issued – 13,800,000,000,000 common shares Total number of shares placed with the participants of private placement – 6,822,972,629,771 shares. A total of 49.4% of ne
Slide 3: Ownership structure
Ownership structure Equity structure before Equity structure to May 17, 2011 Target equity structure after deals placement Minority finalization shareholders Federal Property Federal Property Minority Rosatom Management Management shareholders 45.1% 10.8% Agency 14.8% Minority Agency 30.1% sharehold
Slide 4: Consolidation of energy assets
Consolidation of energy assets Stake after Stake after Assets Ticker Assets Ticker consolidation, % consolidation, % GENERATION ASSETS GRID 100% Federal Grid Company FEES RX 0.37 Razdanskaya TPP Not trade 100 > 75% SUPPLY OGK-3 OGKC RX 81.93 100% ОGК-1 OGK1 RX 75.02* > 50% RN-Energo** Not trade 100
Slide 5: Geography of Russian Assets
Geography of Russian Assets • Total installed capacity (under management and control) – around 29 GW • Total installed capacity in Russia - 22,7 GW Ivanovskie CCP (Ivanovo Region) • Aggregate electricity output by generation assets in 2010 – 102,768 bn kWh Kashirskaya GRES Kostromskaya TPS (Moscow R
Slide 6: Generation assets and distribution abroad
Generation assets and distribution abroad 6 302 MW of installed capacity under management and control Moldova Kazakhstan Total electricity output in 2010 - 12,047* M kWh (+8,4%) Moldavskaya TPP, Total revenue of generation assets abroad - 13,288* million RUB Ekibastuzskaya TPP-2, (+18,7%) 2,520 MW,
Slide 7: INTER RAO's asset structure after consolidation
INTER RAO’s asset structure after consolidation INTER RAO will transfer managed assets to INTER RAO’s specialized management companies >50% <50% Minority Minority Government Government INTER RAO UES shareholders and shareholders and free free float float >50% >50% >=50% >=50% <50% Generation Supply
Slide 8: Equity management strategy Fundamentals
Equity management strategy Fundamentals Approach to management of equity stakes received through consolidation Controlling stakes • Maintain control and integrate acquired asset into INTER RAO business model (>50%) • Increase assets’ operational efficiency and its attractiveness for investment • Con
Slide 9: Стратегия распоряжения активами Основные принципы
Стратегия распоряжения активами Основные принципы Принципы распоряжения пакетами акций, полученными в рамках дополнительной эмиссии Контрольные пакеты • сохранение контроля и интеграция предприятий в бизнес-модель ОАО «ИНТЕР РАО ЕЭС»; (>50%) • повышение операционной эффективности и инвестиционной пр