Enel Russia strategic plan 2018-2020: renewing growth

Published on Thursday, 30 November 2017

  • Successful delivery on company’s strategic pillars helped to improve 2017 financial forecast and bottom-line targets for upcoming years;
  • Enel Russia in 2018-2020 has a sustainable profile with key contribution from capacity market revenues and new renewable projects supporting post-2020 performance, following expected end of thermal DPMs;
  • New strategic plan confirms the dividend policy updated last year with 65% pay-out extended to 2020.

 

Financial Targets

 

2017

2018

2019

2020

CAGR (%)

2017-20

EBITDA (RUB bn)

῀17,3

῀16,4

῀16,9

῀18,5

῀+2%

Net ordinary income (RUB bn)

῀8,3

῀7,3

῀7,9

῀9,1

῀+3%

Dividend per share (RUB)

῀0,14

῀0,13

῀0,15

῀0,17

῀+6%

Pay-out ratio

60%

65%

65%

65%

+5 п.п.

An Enel Group subsidiary, PJSC Enel Russia operates the following power plants: Konakovskaya GRES, Nevinnomysskaya GRES, Sredneuralskaya GRES and Reftinskaya GRES. The company’s total gross installed electrical capacity is 9,428.7 MW (equivalent to 8,878.4 MW net installed capacity) and thermal capacity is 2.382 Gcal/h. PJSC Enel Russia’s authorised capital is 35,371,898,370 roubles, which is divided into ordinary shares with a par value of 1 rouble. The Enel Investment Holding B.V. share in the company’s authorised capital is 56.43%, PFR Partners Fund I Limited’s share is 19.03%, VTB Bank’s share is 3.87%, Prosperity Capital Management Limited’s share is 8.23% and other minority shareholders’ share is 12.44%. PJSC Enel Russia shares are listed in Level 1 MICEX quotation list. The company was established in Yekaterinburg on October 27th, 2004 as OJSC OGK-5. On July 7th, 2009 by the resolution of Annual General Shareholders’ Meeting the company was renamed OJSC Enel OGK-5 and on August 8th, 2014 the Federal Tax Service registered the new version of the company’s charter with the name OJSC Enel Russia. On June 25th, 2015 the company changed its legal type and was renamed PJSC Enel Russia.