Economics and Finance

Key financial indicators sh

RusHydro Group’s financial results reflect growth of electricity generation in 2020 due to higher long-term annual average water inflows to the majority of HPP reservoirs. The Group’s total revenue in 2020 grew by 5.6% to RUB 429.6  bn, while EBITDA increased by 23.4% to RUB  120.3  bn. Total operating costs added 1.0%, mainly driven by higher costs related to depreciation and amortization, property tax and purchased electricity and capacity amid a decrease in costs for fuel and third party services. In 2020, net income reached RUB 46.6 bn (77.6 times as much as in 2019), while adjusted net income totaled RUB 67 bn (up by 30.1%).

Income indicators, RUB bn
Metric Net margin and EBITDA margin indicators factor in other operating income generated by RusHydro Group in 2018 (RUB 5.5 bn), in 2019 (RUB 1.2 bn) and in 2020 (RUB 1.2 bn) and are calculated as gain on financial assets at fair value through profit or loss, income from court rulings awarded, and proceeds from sale/exchange of shares. 2018 2019 2020 2020/2019
EBITDA, RUB bn 109.7 97.5 120.3 23.4%
EBITDA margin, % 27.0 23.9 27.9 4 p.p.
Net income, RUB bn 31.8 0.6 46.6 7,666.7%
Net margin, % 7.8 0.2 10.8 10.6 p.p.
Earnings per share (EPS), RUB 0.0739 0.0121 0.1087 798.3%
Return on assets (ROA), % 3.4 0.1 4.9 4.8 p.p.
ROE, % 5.5 0.1 7.9 7.8 p.p.
Adjusted net income, RUB bn 70.8 51.5 67.0 30.1%
Factor analysis of EBITDA by segment, RUB bn
Factor analysis of EBITDA by segment
Factor analysis of EBITDA (expenses), RUB bn
Factor analysis of EBITDA (expenses)
Profit distribution for 2019 (RAS),  %