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FY 2010
Operational &
Financial Results
(under RAS)
Disclaimer
This presentation is not an offer or invitation to make offers (advertisement) in respect of purchase or subscr...
Key results of the Company’s performance in 2010
Unit 2008 2009 2010
Installed capacity MVa 19,365.5 19,901.4 20,740.5
OTL...
134.7
61.5
32.9 20.8 23.2 21.5 25.6 22.0 27.5
8.8 3.9
220.9
79.3
56.0
33.8 32.1 29.4 27.4 21.9 21.9
8.9 5.2
ХолдингМРСК
МО...
31,703
28,429 27,672
3,274
33,496
29,909 29,095
3,587
Отпуск в сеть Объем оказанных
услуг по передаче
Полезный отпуск Общи...
Technological connection in 2010
Demand power value
2009 2010
Number of inquiries
applied, pcs.
For total power,
MW
Number...
Key financial indicators of JSC “Lenenergo” for 2010
* Adjusted Net profit is used to calculate ROE indicator
** Debt as a...
Key financial indicators of JSC “Lenenergo” for 2010
26 088
20 815
5 273
3258
34 201
27 488
6 713
3806
Выручка от реализац...
Structure of profits and expenses of JSC “Lenenergo” in 2010
19,597
23,873
6,326
10,164
2009 2010
Тех. присоединение Перед...
Loan portfolio and debt position of JSC “Lenenergo” in 2010
Borrowings and repayments in 2010:
• Borrowed - RUR 10,890 mln...
Implementation of investment program of JSC “Lenenergo” in 2010
Adjusted investment program for 2010 was approved by the B...
Appendix 1
Tariffs for electricity transmission in 2010
Indicator Unit
2009 2010
Deviation Fact 2010 /
Approved 2010
Devia...
Appendix 2
Tariffs for technological connection in 2010
Indicator Unit 2009 fact 2010 fact
Changes
fact 2010/2009
abs. rel...
JSC “Lenenergo”
196247, Russia, Saint Petersburg, Ploschad Konstitutsii, d.1
Head of Department for Corporate Governance
A...
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FY 2010 Operational & Financial Results (under RAS)

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FY 2010 Operational & Financial Results (under RAS)

  1. 1. FY 2010 Operational & Financial Results (under RAS)
  2. 2. Disclaimer This presentation is not an offer or invitation to make offers (advertisement) in respect of purchase or subscription to securities of JSC “Lenenergo”. Neither the presentation, nor any part hereof, nor the fact of its representation or distribution serve as the basis for entering into any agreement or taking any investment decision; therefore, the presentation should not be relied upon in this respect. This presentation may contain estimates. The estimates are not based on actual circumstances and include statements in respect of the intentions, opinions or current expectations of Lenenergo as regards the results of its activity, financial position, liquidity, prospects of growth, strategy and the industry, in which Lenenergo operates. Such estimates by their nature are characterized by presence of risks and uncertainty factors since they are related to the events and depend on the circumstances, which may fail to happen in the future. Lenenergo warns that the estimates are not a guarantee of the future parameters, and the actual results of JSC “Lenenergo” activities, its financial position and liquidity, as well as development of the industry, in which it operates, may significantly differ from those included in the estimates contained herein. Besides, even if the results of the Company's activities, its financial position and liquidity, as well as the development of the industry, in which it operates, correspond to the estimates contained herein, such results and events are not indicative of the results and events in the future. This presentation contains the information received from third parties besides the official information on JSC “Lenenergo” activities. This information has been received from the sources which are reliable in JSC “Lenenergo” opinion. Nevertheless, we do not guarantee the accuracy of such information which may be reduced or incomplete. All opinions and estimates contained herein reflect our opinion as at the date of publication and are subject to change without notice. JSC “Lenenergo” does not bear liability for the consequences of use of the opinions or estimates contained herein, or information incompleteness. JSC “Lenenergo” does not undertake obligations in respect of revision or confirmation of the estimates and evaluations, as well as in respect of updating of the information contained herein. IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 1
  3. 3. Key results of the Company’s performance in 2010 Unit 2008 2009 2010 Installed capacity MVa 19,365.5 19,901.4 20,740.5 OTL 0.38-110 kV by circuits km 39,084.6 39,285.9 39,418.8 OTL 0.38-110 kV on line km 35,966.5 36,148.2 36,273.6 Cable lines 0.38-110 kV km 16,730.9 17,650.7 18,622.3 Substations 35-110 kV pcs (MVa) 368 (12,818) 370 (13,083.8) 372 (13,465.5) Transformer substations 6-35 kV pcs (MVa) 13,646 (6,547.5) 13,909 (6,817.6) 14,361 (7,275.0) Assets of JSC “Lenenergo” as of 31.12.2010 Capitalization (MICEX), RUR mln EBITDA, RUR mln Revenue, RUR mln Net profit, RUR mln 12,434 25,571 27,372 20,828 26,088 34,201 5,566 8,190 10,356 1,540 3,258 3,806 Productive supply, mln kWh 28.4 27.7 29.1 + 7.0% + 31.1% + 26.4% + 16.8% + 5.1% 2008 2009 2010 2010/2009, % Dynamics of key indicators of JSC “Lenenergo”, 2008-2010 IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 2
  4. 4. 134.7 61.5 32.9 20.8 23.2 21.5 25.6 22.0 27.5 8.8 3.9 220.9 79.3 56.0 33.8 32.1 29.4 27.4 21.9 21.9 8.9 5.2 ХолдингМРСК МОЭСК МРСКЦентра МРСКЦентраи Приволжья МРСКВолги МРСКУрала Ленэнерго МРСКСеверо- Запад МРСКСибири МРСКЮга МРСКСеверного Кавказа 31.12.2009 31.12.2010 + 38% + 37% + 7% -0,4% -20% + 1% + 33% + 64% + 29% + 70% + 63% Securities of JSC “Lenenergo” in 2010 -10 -5 0 5 10 15 20 25 30 35 40 500 1000 1500 2000 2500 3000 3500 4000 ММВБ э/э ММВБ ср взв АО, руб. RUR P/p Ordinary Shares in 2010 Min - RUR 21.5 Max - RUR 35.2 Preferred shares in 2010 Min - RUR 22.2 Max - RUR 36.6 28,197 29,590 33,918 29,795 24,888 23,365 22,908 24,060 24,755 28,108 27,416 27,372 янв.10 фев.10 мар.10 апр.10 май.10июн.10июл.10 авг.10 сен.10 окт.10 ноя.10 дек.10 * - Calculation is executed on average price at MICEX on the estimated date Capitalization, RUR mln 2008 2009 2010 Growth, % MICEX 12,434 25,571 27,372 +7.0 % RTS 11,739 25,703 27,516 +7.1% Capitalization of JSC “Lenenergo” in 2010, RUR mln* 0 5 10 15 20 25 30 35 40 45 - 10 000 20 000 30 000 40 000 50 000 60 000 млн. руб. Суммарная капитализация Акции обыкновенные Акции привилегированные RUR Closure date of shareholders register Delays in transition to RAB-regulation from July 01 by a number of DGCs FTS approved Lenenergo transition to RAB- regulation Market recovery, pre- Christmas rally Dynamics of JSC “Lenenergo” securities in 2010 Dynamics of DGCs’ capitalization in 2009-2010 (MICEX), RUR mln Dynamics of MICEX, MICEX PWR and ordinary shares of JSC “Lenenergo” in 2010 JAN FEB APR MAY JUN JUL AUG SEP OCT NOV DECMAR Totaled capitalization Ordinary shares Proffered shares MICEX PWR MICEX Ordinary share, RUR IDGCHolding MOESK IDGCof Center IDGCofCenter andVolga IDGCofVolga IDGCofUrals Lenenergo IDGCof North-West IDGCofSouth IDGCofSiberia IDGCofNorth Caucasus IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 3
  5. 5. 31,703 28,429 27,672 3,274 33,496 29,909 29,095 3,587 Отпуск в сеть Объем оказанных услуг по передаче Полезный отпуск Общие потери 2009 2010 +5.7% +5.2% +5.1% +9.6% Electric power transmission in 2010 Indicators Supply to grid, Mln kWh Volume of rendered services, Mln kWh Productive supply, Mln kWh Electric power losses in grids 2009 2010 2009 2010 2009 2010 Mln kWh % Mln kWh % 2009 2010 JSC “Lenenergo”, including: 31,703.0 33,495.6 28,429.1 29,908.9 27,672.1 29,094.7 3,273.8 10.3 3,586.6 10.7 Saint Petersburg 20,222.4 21,244.0 18,036.7 18,930.8 17,779.5 18,625.9 2,185.7 10.8 2,313.3 10.9 Leningrad Region 11,480.6 12,251.5 10,392.4 10,978.2 9,892.6 10,468.8 1,088.2 9.5 1,273.3 10.4 Activities aimed at reduction of electric power losses Reduction of losses, Mln kWh reduction of technical losses 9.5 reduction of commercial losses 345.8 Actual losses of electric power upon 2010 results are 34.4 mln kWh (0.95%) lower than those approved by business plan. Program implementation costs RUR 80.5 mln Implementation of program on losses reduction in grids of JSC “Lenenergo” in 2010 Dynamics of key indicators of electric power transmission of JSC “Lenenergo”, Mln kWh In 2010 the volume of electric power losses in grids of JSC “Lenenergo” totaled 10.7% Economic effect from implementation of program on losses reduction RUR 299.0 mlnSupply to grid Volume of rendered services Productive supply Total losses IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 4
  6. 6. Technological connection in 2010 Demand power value 2009 2010 Number of inquiries applied, pcs. For total power, MW Number of inquiries applied, pcs. For total power, MW JSC “Lenenergo”, including: 11,444 1,883,600 14,686 2,089,700 Saint Petersburg 2,809 1,255,500 3,524 1,078,132 Leningrad Region 8,635 628,100 11,162 1,011,571 In 2010 the main volume of demand for technological connection accounts for Leningrad Region - 76%. During 2010 the increase in the number of inquiries applied for TC relative to 2009 amounted to 28,3%. 94 4 262 7 710 209 358 186 100 159 Промышленность Земельные участки, в т.ч. сельское хозяйство Коммунально-бытовая, социальная сфера и жилищное строительство Физические лица Прочие Санкт-Петербург Ленинградская область 11,444 4,408 3,346 636 14,686 11,159 4,173 347 Подано заявок Заключено договоров Присоединено Отказано 2009 2010 645.28 MW +24.7% -45.4% In 2010 there was recorded a decline in the share of failures with respect to 2009, including small and medium businesses (up to 750 kW) by 54%, large businesses (more than 750 kW) - by 50%. The number of fulfilled obligations for 12 months 2010 amounted to 4,173 contracts for the total capacity of 645.3 MW and the amount of RUR 10,163.7 mln (without VAT). As compared to the same period of 2009 (3,346 pcs., 352.9 MW, RUR 6,326.0 mln (without VAT) there is a growth in the number of amount by 19.8%, capacity – 1.8 times, and value – by RUR 3,837.7 mln (without VAT) – 1.6 times. 629.46 MW +28.3% +153.2% The largest volume of demand power in 2010 was allocated for communal – domestic and social service and housing - 24% of the total demand value of St. Petersburg and 18% of the total demand value of Leningrad Region. JSC “Lenenergo” work performance on technological connection in 2009-2010, pcs. Allocation of demand power over business activity branches in 2010, MW Inquiries applied Number of contracts Connected power Failure Industry Land plots, including agriculture Communal-domestic and social service, housing Individuals Other Saint Petersburg Leningrad Region IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 5
  7. 7. Key financial indicators of JSC “Lenenergo” for 2010 * Adjusted Net profit is used to calculate ROE indicator ** Debt as at the end of the period is calculated as debt under loans and credits (i.e. sum of lines 510 and 610 of balance sheet, excluding debt under interest accrued but not paid) *** Short-term liabilities of the Company are allowed when calculating DEBT/EBITDA Indicator Unit 2009 2010 %, 2010/2009 Book value of assets RUR mln 82,784 88,700 7.1% Net assets RUR mln 48,491 51,897 7.0% Equity RUR mln 48,344 51,759 7.1% ROE* % 6.4% 7.8% 22.4% Revenue from sales of products, including: RUR mln 26,088 34,201 31.1% - from services on electric power transmission RUR mln 19,597 23,873 21.8% - from services on technological connection RUR mln 6,326 10,164 60.7% - from other activities RUR mln 165 164 -0.6% Cost of goods sold RUR mln 20,815 27,488 32.1% EBITDA RUR mln 8,190 10,356 26.4% Profit on sales RUR mln 5,273 6,713 27.3% Profit before taxes RUR mln 4,086 5,282 29.3% Net profit RUR mln 3,258 3,806 16.8% EBITDA margin % 31.4% 30.3% -3.5% DEBT/EBITDA *** - 2.37 2.13 -10.2% Debt as at the end of the period** RUR mln 13,900 14,562 4.8% Net debt RUR mln 11,564 14,405 24.6% Ratio of equity and borrowed funds - 1.4 1.4 - Leverage % 22.6% 22.2% -2.1% Ratio of receivables and payables - 0.62 0.46 -26.5% IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 6
  8. 8. Key financial indicators of JSC “Lenenergo” for 2010 26 088 20 815 5 273 3258 34 201 27 488 6 713 3806 Выручка от реализации Себестоимость Прибыль от реализации Чистая прибыль 2009 2010 +31.1% +32.1% +27.3% +16.8% 8,190 10,356 2009 2010 +26.4% Formation of gross profit and net profit, RUR mln EBITDA, RUR mln EBITDA margin, % 31.4% 30.3% Profitability indicators 2009 2010 Deviation, % ROE 6.37% 7.80% 22.4% ROA 3.94% 4.29% 9.0% ROS 20.21% 19.63% -2.9% 80.3% 87.3% 19.7% 12.7% 2009 г. 2010 г. Оборотные активы Внеоборотные активы 58.4% 58.4% 18.0% 16.6% 23.6% 25.0% 2009 г. 2010 г. Краткосрочные обязательства Долгосрочные обязательства Капитал и резервы Liabilities structureAssets structure Sum of Company’s total assets as of December 31, 2010 RUR 88,700 mln (there was a rise +7,1% in contrast with 2009) Features of the formation of Balance Lenenergo on 31.12.2010: • high proportion of non-current assets - 87,3% of the balance sheet; • a large proportion of accounts receivable - 10.8% of total assets, or 85.0% of working capital; • significant amount of loans and credits - 16,6% of the balance sheet, 39,9% of total liabilities of the Company. According to the results of the 2010 Company's financial figures, as well as the majority of indicators reached their maximum profitability for the past three years, a level that is the result of effective management policies due to: - implementation of costs reducing program; - withdrawal from the Company's non-core assets; - an economically sound tariff policy; - obligations of the Company of technological connection subscriber cost ROS: A small decrease in return on sales (at 0.58 percentage points) due to the fact that the growth rate of revenue growth in 2010 is slightly lower than the rate of increase in costs. ROA: The growth rate of return on assets at 0.35 points indicates an increase in efficiency of use of the Company property. ROE: The growth of ROE is connected with an increase in the net profit of the Company. Balance sheet of JSC “Lenenergo” as of 31.12.2010 2009 2010 2009 2010 Current assets Fixed assets Short-term liabilities Long-term liabilities Capital &reserves Net profitProfit on salesCOGSRevenue IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 7
  9. 9. Structure of profits and expenses of JSC “Lenenergo” in 2010 19,597 23,873 6,326 10,164 2009 2010 Тех. присоединение Передача э/э 26,088 34,201 75.1 % 24.2% 29.7% 69.8% Revenue by types of activity*, RUR mln +31.1% 21% 41% 11% 16% 11% Материальные затраты Работы и услуги производственного характера Оплата труда и социальные отчисления Амортизация Прочие затраты 23% 41% 10% 15% 11% Материальные затраты Работы и услуги производственного характера Оплата труда и социальные отчисления Амортизация Прочие затраты 2009 2010 Major changes in the cost structure in 2010: - in absolute terms there is a significant increase (by 33.6% or RUR 2,844 mln) in “Work and production services” - due to rising costs for services of network grid companies on electricity transmission - the tariffs for these services are set by regulators. -increase in depreciation (by RUR 804 mln, 24.2%) - due to the growth of fixed assets - at the expense of newly commissioned fixed assets during the implementation of the investment program. Costs of production and sales 2009 2010 2010/2009 Material costs 4,334 6,300* 45.3% Work and production services 8,468 11,313** 33.6% Salaries and social charges 2,374 2,643 11.3% Depreciation 3,330 4,135 24.2% Other costs 2,309 3,098 34.2% Total 20,815 27,488 32.1% 19,301 26,112 1,369 1,305 2009 2010 Прочая деятельность Тех. присоединение COGS by types of activity*, RUR mln 20,815 27,488+32.1% 92.7% 6.6% 95.0% 4.7% ** Work and production services 11,313 Services of contractors for maintenance and repair of equipment 515 Services of network of companies on electricity transmission 10,373 Other production services 425 * Material costs 6,300 Purchased electricity for compensation of losses 5,865 Purchase power energy for industrial and household needs 82 Raw materials 352 COGS structure Services of JSC “FGC UES” 4,909 Services of distribution grid companies 5,464 * Including other types of activity, sums of revenue and GOGS of which are insignificant and amount to less than 1% in total sum Technological connection Electric power transmission Other activity Technological connection Material costs Work and production services Salaries and social charges Depreciation Other costs Material costs Work and production services Salaries and social charges Depreciation Other costs IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 8
  10. 10. Loan portfolio and debt position of JSC “Lenenergo” in 2010 Borrowings and repayments in 2010: • Borrowed - RUR 10,890 mln • Repaid - RUR 10,228 mln 2009 2010 Δ in % 2010/2009 EBITDA 8,190 10,356 26.4% DEBT*/EBITDA 2.37 2.13 - Debt as at the end of the period** 13,900 14,562 4.8% Net debt 11,564 14,405 24.6% 14,913 14,760 19,527 22,181 2009 2010 Краткосрочные обязательства Долгосрочные обязательства 2009 2010 Δ в % 2010/2009 Equity 48,344 51,759 +7.1% Liabilities, including: 34,440 36,941 +7.3% Long-term liabilities 14,913 14,760 -1.0% Short-term liabilities 19,527 22,181 +13.6% Ratio of equity and borrowed funds 1.4 1.4 - Leverage 22.6% 22.2% -1.8% 56.7% 43.3% 60.0% 40.0% 2009 2010 Δ in % 2010/2009 Long-term credits and loans, including: 13,900 13,562 -2.4% Bonded debt (repayment in 2012) 6,000 6,000 - Short-term credits and loans 246 1,172* 376.4% Accounts payable 19,356 20,985** 8.4% Структура капитала, млн. руб. Loan portfolio, RUR mln Key banks – partners of JSC “Lenenergo”: JSC “Sberbank of Russia” JSC “Bank VTB Severo-Zapad” JSC JSCB “Svyaz-bank” JSC JSB “ROSSIYA” JSC “Alfa-bank” * The loan borrowed by the Company in 2009 in the amount of RUR 1,000 mln was moved into the structure of short-term liabilities in connection with the forthcoming repayment in 2011 in accordance with the accounting requirements. ** There is displayed the amount of aggregate (long-term and short-term) accounts payable. The share of short-term account payable (line 620 of balance sheet) amounts to 93.9% of short-term liabilities Debt position, RUR mln 7.85% Weight average rate of borrowing as of 31.12.2010 * When calculating DEBT/EBITDA ratio there are considered short-term liabilities of the Company Agency Rating Assigned Moody’s Ba2 (forecast stable) November 2009 Moody’s Interfax Rating Agency (rating on national scale) Aa2.ru (forecast stable) November 2009 Credit rating Confirmed in March 2011 Liabilities structure, RUR mln ** Debt as at the end of the period is calculated as liabilities on the sum of main debt on loans Short-term liabilities Long-term liabilities IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 9
  11. 11. Implementation of investment program of JSC “Lenenergo” in 2010 Adjusted investment program for 2010 was approved by the Board of Directors of JSC “Lenenergo” on October 27, 2010 in the amount of capital investments - RUR 15,183 mln. The actual disbursement of capital investments during the reporting period amounted to RUR 15,813 mln, that is 104% of the plan. JSC “Lenenergo” 2009 2010 2010/2009, % TOTAL 10,334 15,813 53% Modernization and renovation 3,716 4,503 21% New construction 6,614 10,377 * 57% Other 4 933** 223 times 3,716 4,503 6,614 10,377 4 933 2009 2010 прочее Новое строительство ТПиР Volume of capital investments, RUR mln without VAT Indicator Saint Petersburg Leningrad Region JSC “Lenenergo” 2009 2010 Growth, % 2009 2010 Growth, % 2009 2010 Growth, % Disbursement, RUR mln net of VAT 7,654 12,574 164% 2,681 3,239 121% 10,335 15,813 53% Commissioning of fixed assets, RUR mln 7,206 11,328 157% 2,856 2,421 -115% 10,062 13,749 37% Funding, RUR mln including VAT 8,670 12,704 147% 3,651 3,723 102% 12,321 16,427 33% Power input , МVА 495 704 142% 337 228 -132% 832 932 12% Power input, km 316 995 315% 353 512 145% 669 1 507 125% Growth of power, MVA 336 647 193% 283 215 -124% 619 862 39% Growth of power, km 253 912 360% 176 180 102% 429 1 092 155% 10,334 15,813 Parameters of the investment program, RUR mln +53% * A significant increase in new construction is associated with the increase in property contracts on technological connection, increase in construction and reconstruction of the distribution network 0.4-10 kV on connection of consumers. ** Increase in other capital investments is associated with the acquisition of shares in JSC “Kurortenergo” and JSC “Tsarskoselskaya Energy Company”. Sources of investments, total 15,813 Internal funding sources Depreciation of the reporting period 2,564 Non-used depreciation of past years 92 Non-used profit of past years 377 Other internal sources (property settlements, lost income) 5,824 External funding sources Borrowed funds (loan interest) 3,371 Payment for technological connection - Advances 3,585 Sources of funding of capital investments in 2010, RUR mln net of VAT other New construction Modernization and renovation IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 10
  12. 12. Appendix 1 Tariffs for electricity transmission in 2010 Indicator Unit 2009 2010 Deviation Fact 2010 / Approved 2010 Deviation Fact 2010 / Fact 2009 Fact Approved by RPC Fact Absolute Relative (percentage) Absolute Relative (percentage) Leningrad Region Revenue RUR thousand 8,006,193 9,465,368 8,901,968 -563,399 -6.0% 895,775 11.2% Productive supply of electric power Mln kWh 9,893 9,809 10,469 660 6.7% 576 5.8% Average supply rate RUR / mWh 809.3 965.0 850.3 -115 -11.9% 41 5.1% Saint Petersburg Revenue RUR thousand 11,590,811 14,676,095 14,970,935 294,840 2.0% 3,380,123 29.2% Productive supply of electric power Mln kWh 17,780 18,389 18,626 237 1.3% 846 4.8% Average supply rate RUR / mWh 651.9 798.1 803.8 6 0.7% 152 23.3% JSC “Lenenergo” as a whole Revenue RUR thousand 19,597,004 24,141,463 23,872,903 -268,560 -1.1% 4,275,899 21.8% Productive supply of electric power Mln kWh 27,672 28,197 29,095 898 3.2% 1,423 5.1% Average supply rate RUR / mWh 708.2 856.2 820.5 -36 -4.2% 112 15.9% IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 11
  13. 13. Appendix 2 Tariffs for technological connection in 2010 Indicator Unit 2009 fact 2010 fact Changes fact 2010/2009 abs. rel. Leningrad Region Revenue RUR thousand 1,712,144 2,256,775 544,631 31.8% Connected capacity MW 142.4 185.3 42.9 30.2% Average rate on closing contracts RUR thousand / MW 12,028 12,180 152 1.3% Saint Petersburg Revenue RUR thousand 4,613,870 7,906,919 3,293,049 71.4% Connected capacity MW 210.6 460.0 249.4 118.4% Average rate on closing contracts RUR thousand / MW 21,909 17,190 -4,719 -21.5% JSC “Lenenergo” as a whole Revenue RUR thousand 6,326,014 10,163,694 3,837,680 60.7% Connected capacity MW 352.9 645.3 292.3 82.8% Average rate on closing contracts RUR thousand / MW 17,924 15,751 -2,173 -12.1% IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 12
  14. 14. JSC “Lenenergo” 196247, Russia, Saint Petersburg, Ploschad Konstitutsii, d.1 Head of Department for Corporate Governance Andrey S. Smolnikov Tel./ fax +7 (812) 595 31 76 Smolnikov.AS@nwenergo.com Investor Relations Ulyana E. Davydova Tel. +7 (812) 494 39 06 Fax +7 (812) 494 37 34 ir@lenenergo.ru Davydova.UE@nwenergo.com www.lenenergo.ru CONTACTS IR presentation of JSC “Lenenergo” – 2010 Results (RAS) | 13

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