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DRIVING FORCE
Разобранная 0,5 пт Градиент ФиналРазобранная 0,5 пт Серый Финал
Q 1 2020
DRIVING FORCE
gtlk.ru
ABOUT THE COMPANY Q 1 2020
№1
IN AIRCRAFT, RAILWAY AND WATER TRANSPORT LEASING*
>$14 bln
OF LEASING PORTFOLIO
* according to Expert RA research of the leasing market, 2019
Note: all data are expressed in USD according to the exchange rate 1 USD= 77.7325 RUB
gtlk.ru
DRIVING FORCE
MOODY’S AND FITCH GIVE GTLK LONG-TERM CREDIT RATINGS
GTLK SUCCESSFULLY PLACED THE DEBUT ISSUE OF EUROBONDS AND THE DEBUT ISSUE UNDER THE MULTICURRENCY EXCHANGE BOND PROGRAM
STARTING THE IMPLEMENTATION OF DOMESTIC HELICOPTER AND L-410 AIRCRAFT LEASING DEVELOPMENT PROGRAMS CO-FINANCED BY THE GOVERNMENT
CONSTRUCTION OF THE «LAVNA» COAL TRANSSHIPMENT FACILITY HAS BEEN LAUNCHED
LAUNCHING A FOREIGN PLATFORM FOR DEVELOPMENT OF NON-PRIMARY EXPORT — GTLK GLOBAL BUSINESS, AND REGISTRATION OF A SUBSIDIARY — GTLK ASIA LTD IN HONG KONG
BRIEF HISTORICAL OVERVIEW
2009 201220172014 – 2015
2010 – 2011 2016 2018
2019
$257 mlnDEBUT BOND ISSUE AT THE MICEX STOCK EXCHANGE FOR USD 257 MILLION
ENTERING ASIAN FINANCIAL MARKETS
$600 mlnGTLK PLACED THE LARGEST EUROBOND ISSUE IN THE COMPANY’S HISTORY
2013
TOP-5GTLK IS AMONG TOP-5 COMPANIES IN THE LEASING MARKET OF RUSSIA*
EXPANSION OF THE PROGRAM LINE IN NEW SEGMENTS OF THE LEASING MARKET: railway transport water transport air transport
STARTING THE IMPLEMENTATION OF THE ENERGY EFFICIENT TRANSPORT LEASING PROGRAM CO-FINANCED BY THE GOVERNMENT
STARTING THE IMPLEMENTATION OF SSJ100 AIRCRAFT LEASING DEVELOPMENT PROGRAM CO-FINANCED BY THE GOVERNMENT
ESTABLISHMENT OF A SUBSIDIARY — GTLK EUROPE DAC IN DUBLIN
S&P GIVES GTLK THE FIRST LONG-TERM CREDIT RATING
$ 14 blnGTLK’S LEASING PORTFOLIO EXCEEDED $ 14 BILLION
INCLUSION IN THE ‘DIGITAL ECONOMY OF THE RUSSIAN FEDERATION’ NATIONAL PROGRAM LAUNCHING A CORPORATE ACCELERATOR FOR INNOVATIVE PROJECTS
№1GTLK IS THE LARGEST LEASING COMPANY IN RUSSIA IN TERMS OF THE LEASING PORTFOLIO AND NEW BUSINESS VOLUMES*
STARTING THE IMPLEMENTATION OF THE FIRST LEASING PROGRAM CO-FINANCED BY THE GOVERNMENT
THE MINISTRY OF TRANSPORT OF THE RUSSIAN FEDERATION IS AUTHORIZED TO EXERCISE SHAREHOLDER RIGHTS
Q 1 2020
The Foundation date of the Company
* According to Expert RA research
2 3
DRIVING FORCE
KEY DEVELOPMENT INDICATORS
100% IN THE FEDERAL OWNERSHIP The Russian Federation is the Company’s sole shareholder (represented by the Ministry of Transport of the Russian Federation)
$ 13.8 bln
INVESTMENT
The total amount of GTLK’s investment in the Russian transport industry in 2009 – Q 1 2020 was USD 13.8 billion; the multiplier effect of budgetary investments, 1:9
$ 1.3 bln
CAPITAL
GTLK’s authorized capital has been created by the Government of the Russian Federation in the form of monetary contributions for the implementation of state programs to support the domestic transport sector in the amount of USD 1.3 billion
Growth to
$ 14.9 bln
PORTFOLIO VOLUME
GTLK’s total portfolio volume grew from $ 22 million in 2009 to $ 14.9 billion as of 01.04.2020. The volume of new business for Q 1 2020 equals $ 282 million
Government investment in GTLK’s capital, $ mln
Dynamics of GTLK’s new business and leasing portfolio
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q 1 2020
2009
2015
2016
2017
2018
2019
2009 – Q 1 2020
GTLK's credit rating
A+(RU)
BB+
BA1
GTLK’s investment in the transport industry, $ bln
GTLK’s leasing portfolio structure in terms of the investment amount* as of 01.04.2020
40% Air transport
35% Railway transport
20% Water transport
2% Motor transport,
road construction transport
3% Other
№1 IN TERMS OF THE PORTFOLIO SIZE
GTLK IS THE LARGEST LEASING COMPANY IN RUSSIA
129
13.8
14,17714,885
2,799
282
2,020
3,203
1,732733
25550835439910217
11,926
6,883
4,386
2,8202,0401,717
1,166744
15822
449
160
145
266
175
* The investment amount under existing contracts reduced by the amount of compen-sation for contract value in received leasing payments
New business, $ mln
Leasing portfolio, $ mln
GTLK IS A VERSATILE LEASING COMPANY, WHICH HAS A DIVERSIFIED AND STABLE LEASING PORTFOLIO
GTLK’S CLIENTS AND PARTNERS ARE MAJOR RUSSIAN ENTERPRISES, STATE COMPANIES AND FINANCIAL INSTITUTIONS
GTLK’S CREDIT RATING IS BELOW RUSSIA’S SOVEREIGN CREDIT RATING BY ONE NOTCH
4 5
DRIVING FORCE
STRATEGIC ASSET OF THE GOVERNMENT
GTLK IS A STRATEGIC ASSET OF THE GOVERNMENT AND A UNIVERSAL TOOL FOR IMPLEMENTING STATE POLICY AND PROGRAMS AIMED AT DEVELOPMENT OF THE TRANSPORT INDUSTRY OF THE RUSSIAN FEDERATION
18 years
DURING ITS 18 YEARS OF OPERATION GTLK DEVELOPED FROM A REGULAR LEASING COMPANY INTO A UNIQUE DEVELOPMENT INSTITUTION OF THE TRANSPORT INDUSTRY CAPABLE OF IMPLEMENTING DOMESTIC AND INTERNATIONAL PROJECTS
100% STATE OWNED
The Russian Federation is the Company’s sole shareholder (represented by the Ministry of Transport of the Russian Federation)
ACTIVE IMPLEMENTATION OF STATE PROGRAMS Implementation of 8 programs co-financed by the Government in the main areas:
air transport water transport energy efficient transport digitalization
NATIONAL PROJECTSDEVELOPMENT INSTRUMENT
National project “Safe and High-Quality Roads”
National program “Digital Economy”
Comprehensive Plan for Modernization and Expansion of Trunk Transport infrastructure
STRONG FINANCIAL SUPPORT
The State maintains the Company’s high level of capital adequacy
In 2009–2019, the Government of the Russian Federation contributed $ 1.3 billion to the Company’s capital
ACTIVE PARTICIPATION IN COMPANY MANAGEMENT
The Company’s Board includes representatives of two core ministries: the Ministry of Transport of the Russian Federation and the Ministry of Industry and Trade of the Russian Federation
The State approves Company long-term development program
6 7
DRIVING FORCE
FINANCIAL PROFILE
$25.4 13.4%PROFIT FOR THE PERIOD CAPITAL ADEQUACY
(CAPITAL/ASSETS)
1.8 %ROE
KEY PERFORMANCE INDICATORS (IFRS)
mln
Other interest income
Operating lease income
Finance lease income
Revenue, $ mln
2014 2015 2016 2017 2018 2019
780.5
603.4
383.4
284.3
214.8
136.4
GTLK’s assets, $ bln
Other assets
Cash and cash equivalents
Assets under operating lease
Net investment in leases
2014 2015 2016 2017 2018 2019
9.9
6.7
4.4
3.02.4
1.2
HIGH LEVEL OF CAPITAL ADEQUACY
GTLK MAINTAINS A HIGH LEVEL OF CAPITAL ADEQUACY DUE TO ADDITIONAL CONTRIBUTIONS TO ITS CAPITAL
STEADY GROWTH IN ASSETS
STEADY GROWTH IN ASSETS ACCOMPANIED BY INCREASE IN EQUITY CAPITAL AND SUSTAINABLE FUNDING
HIGH OPERATIONAL EFFICIENCY
OPERATIONAL COSTS / ASSETS: 0,5% POSITIVE FINANCIAL RESULT
75%57% 23% 31%
40%
43% 32%
47% 35%45%
43%44%
22%3%30%
45%38%
39%
34%
45%
43%
59%
51%
51%
49%
3%10% 11%
4%
4%
3%
2%
21% 27%
17%
20%
21%
10%
5%
5%
5%
7%
9
DRIVING FORCE
TOP-10 Russian leasing companies in terms of their leasing portfolio amount* (as of 31.12.2019), $ bln
GTLK
Sberbank Leasing
VTB Leasing
VEB-leasing
Gazprombank Leasing
Alfa Leasing
Europlan
RESO-Leasing
Siemens Finance
Baltic Leasing
14.1
10.0
7.5
5.4
3.1
2.0
1.4
0.9
0.9
0.8
GTLK in leasing segments in terms of the leasing portfolio volume*
in water transport leasing
58% GTLK
8% Sberbank Leasing
6% Mashprom Leasing
28% Other
№1in railway transport leasing
28% GTLK
16% VTB Leasing
12% Sberbank Leasing
10% Gazprombank Leasing
34% Other
№1 32% GTLK
22% Sberbank Leasing
21% VTB Leasing
2% Gazprombank Leasing
23% Other
in air transport leasing№1
TOP-10 Russian leasing companies in terms of the new business size* (as of 31.12.2019), $ bln
35
Sberbank Leasing
GTLK
VTB Leasing
VEB-leasing
Europlan
Alfa Leasing
Gazprombank Leasing
Baltic Leasing
RESO-Leasing
Siemens Finance
2.7
2.6
1.7
1.2
1.1
0.8
0.8
0.7
0.7
0.6
22%
8
MARKET PROFILE
GTLK IS THE LEADER IN TERMS OF PORTFOLIO VOLUME IN THE SEGMENTS OF AIRCRAFT, RAILWAY AND WATER TRANSPORT*
GTLK IS THE LARGEST LEASING COMPANY IN RUSSIA IN TERMS OF THE LEASING PORTFOLIO VOLUME*
62%
№1
* According to Expert RA research of the leasing market, 2019
market share
the share of GTLK in operating leasing
GTLK IS THE LEADING COMPANY IN TERMS OF NEW BUSINESS VOLUME IN THE SEGMENT OF OPERATING LEASE*
10 11
GTLK's credit rating
Well-balanced funding structure,** 2019, %
The largest corporate borrowers on the bond market*** at the end of Q 1 2020
** According to IFRS
*** According to the BC «Region» calculations at the end of Q 1 2020
A+(RU)
BB+Bа1
A STABLE HIGH LEVEL OF CAPITAL ADEQUACY DUE TO ADDITIONAL CONTRIBUTIONS TO THE CAPITAL
INTERNATIONAL RATING AGENCIES UPGRADED GTLK'S CREDIT RATING IN 2019
DIVERSIFIED FUNDING STRUCTURE WELL-BALANCED BY THE SOURCES, MATURITY AND CURRENCY
$3.7 bln
45% BANK LOANS
$2.3 bln
28% LOCAL BONDS
$0.5 bln
7% FINANCIAL LEASING LIABILITIES
$1.7 bln
20% INTERNATIONAL BONDS
Capital** $ mln Capital/Assets, %
2014 2015 2016 2017 2018 2019
135
11% 25%25% 19% 17% 13%
584
745840
1,117
1,325
$ 175 mln of contributions to the capital in 2019
$ 266 mln of contributions to the capital in 2018
$ 145 mln of contributions to the capital in 2017
$ 160 mln of contributions to the capital in 2016
$ 449 mln of contributions to the capital in 2015
INVESTMENT PROFILEGTLK IS № 1 LEASING COMPANY IN RUSSIA BY THE VOLUME OF BOND PLACEMENT ON THE FINANCIAL MARKET TOP-3*
THE TOTAL NOMINAL AMOUNT OF LOCAL CURRENCY BONDS
RUSSIAN INTERNATIONAL BOND ISSUERS
$2.6blnbln
$2.9THE TOTAL NOMINAL AMOUNT OF LOCAL BONDS IN FOREIGN CURRENCY AND EUROBONDS
19% Sberbank Leasing
11% TransFin-M
10% GTLK
7% Rostelecom
7% SUEK-Finans
46% Other
№3* According to Cbonds, Q 1 2020
DRIVING FORCE
12 13
DRIVING FORCE
IMPLEMENTATION OF LEASING PROGRAMS CO-FINANCED BY THE GOVERNMENT
* The total planned volume of investments into the program
48 % 52%
40 % 60%
29 % 71%
59 % 41%
43 % 57%
55 % 45%
54 % 46%
48 % 52%
Program investment structure, %
1,323.8
1,148.8
38.6
136.4
128.6
128.6
577.6
128.6
63.0
385.9
737.1
577.6
45.9
113.2
882.5
737.1
25.4119.6
1,148.8
882.5
266.3
2009 2015 2016 2017 2018 2019
The volume of state co-financing of GTLK’s leasing programs, $ mln
Volume of investments* and procurement of equipment under GTLK’s implemented leasing programs co-financed by the Government
Stateco-financing for leasing programs with prolongation
Stateco-financing for other leasing programs
GTLK’s authorized capital at the beginning of the year
Federal budget investments in the program, %
Extrabudgetary investments, %
$63.0 mln $48.9 mln $93.9 mln $64.3 mln $21.9 mln
$12.9 mln $25.7 mln $15.4 mln
$45.9 mln $25.4 mln $75.9 mln $73.3 mln
DomesticaircraftSSJ100leasingdevelopmentprogram
Domestic helicopter leasing development program
Domestic water transport leasing devel-opment program (cargo ships, passenger ships, dredge ships)
L-410aircraftleasingdevelopmentprogram
Domestic automobile and road construc-tion vehicles leasing development
Energyefficienttransportnon-commercial leasing program
Vanino–Kholmsk ferry crossing development project
SSJ100 LEASING DEVELOPMENT
HELICOPTER LEASING DEVELOPMENT
LEASING OF ROAD-COMMUNAL VECHICLES
LEASING OF WATER TRANSPORT
LEASING OF ENERGY EFFICIENT TRANSPORT
FERRY LEASING
DIGITAL ASSETS LEASING
L-410 LEASING DEVELOPMENT
$ 1,238.9 mln*
$ 569.9 mln*
$ 450.3 mln*
$ 249.6 mln*
$ 147.9 mln*
$ 128.6 mln*
$ 132.5 mln*
$ 99.1 mln*
Procurement under the program
The total volume of investments
$38.6 mln
Digital assets leasing
$128.6 mln $385.9 mln $51.5 mln $126.1 mln $25.7 mln
46 units
120 units
7 thousand units
28 units
931 units
2 units
10 projects
19 units
$1.7THE VOLUME OF STATE CO-FINANCING OF GTLK’S LEASING PROGRAMS
PLANNED VOLUME OF EXTRABUDGETARY INVESTMENTS IN THE LEASING PROGRAMS CO-FINANCED BY THE GOVERNMENT
$3.0
$1.3
THE TOTAL PLANNED VOLUME OF INVESTMENTS IN THE LEASING PROGRAMS CO-FINANCED BY THE GOVERNMENT
bln
bln bln
14 15
DRIVING FORCE
AIRCRAFT LEASING
GTLK’s investment in leasing of civil aircraft, $ mln
Structure of the GTLK’s aircraft portfolio, units
$54 mln
THE VOLUME OF STATE CO-FINANCING IN 2016-2019 (AS OF 01.04.2020)
14 units
DOMESTIC L-410 AIRCRAFT WERE DELIVERED TO LESSEES (AS OF 01.04.2020)
$229 mln
THE VOLUME OF STATE CO-FINANCING IN 2016-2019 (AS OF 01.04.2020)
90 units
DOMESTIC HELICOPTERS WERE DELIVERED TO LESSEES (AS OF 01.04.2020)
LEASING OF L-410 AIRCRAFT
LEASING OF DOMESTIC HELICOPTERS
2013 2014 2015 2016 2017 2018 2019
5,215
5,451
4,222
3,383
2,309
1,249
707532
$589.2 mln
THE VOLUME OF STATE CO-FINANCING IN 2015-2019 (AS OF 01.04.2020)
41 units
SSJ100 AIRCRAFT WERE DELIVERED TO LESSEES (AS OF 01.04.2020)
OPERATING AND FINANCIAL LEASING OF SSJ100 AIRCRAFT
Key clients
AIRBUS BOEING
BOMBARDIER
SUKHOI
HELICOPTERS OF RUSSIA
UWCA AIRCRAFT INDUSTRIES
AIRBUS HELICOPTERS
ROBINSON
44 Airbus A321, A320, A319, A220-300
22 B737-800, B737-400, B777-300ER,B737-900ER
3 CRJ200,Challenger850 44 SSJ100 83 Мi-8
29 Аnsat
14 L-410
12 L-410
1 AS350 B3
1 Robinson
253 units
AIRCRAFT FLEET (AS OF 01.04.2020)
Q 1 2020
16 17
DRIVING FORCE
RAILWAY TRANSPORT LEASING
2013 2014 2015 2016 2017 2018 2019
102.2
75.2
45.0
30.3
18.618.516.6
81.1 thous. units
49.9 thous. units
7%FREIGHT CARS WERE DELIVERED TO LESSEES (AS OF 01.04.2020)
NEW INNOVATIVE FREIGHT CARS WERE DELIVERED TO LESSEES (AS OF 01.04.2020)
GTLK’S SHARE OF THE TOTAL FREIGHT CAR FLEET IN RUSSIA (AS OF 01.04.2020)
8 units
NEW LOCOMOTIVE-HAULED PASSENGER CARS WERE DELIVERED TO LESSEES
GTLK’s car fleet structure, %, units
63% 67 thous. Innovative gondola cars
17%
18 thous. Gondola cars
10% 11 thous. Hoppers
7% 7 thous. Flat cars
1%
1 thous. Tank cars
2% 2 thous. Other
Key partners
Dynamics of growth of GTLK’s car fleet, thous. units
105.7 thous. units
FLEET OF FREIGHT CARS, INCLUDING CONTRACTED ONES (AS OF 01.04.2020)
350 units
EP2D ELECTRIC TRAIN CARS WERE DELIVERED TO SUBURBAN PASSANGER COMPANIES
LEASING OF PASSENGER CARS
105.7
Q 1 2020
OPERATING AND FINANCIAL LEASING OF FREIGHT CARS
18 19
DRIVING FORCE
Key partners
GTLK’s investment in water transport leasing, $ mln
2013 2014 2015 2016 2017 2018 2019
2,413 2,426
1,389
813
527
22815199
WATER TRANSPORT LEASING
GTLK’s fleet structure, %, units
51% 72 Dry cargo
15%
21 Oil tankers
10% 14 Barge
9% 12 Passenger ships
7% 10 Towboat
4% 6 Combined vessels
1% 2 Ferries
3% 4 Other
141 units
VESSEL FLEET (AS OF 01.04.2020)
100 units
PLACED ORDERS FOR THE CON-STRUCTION OF VESSELS IN DOMESTIC SHIPYARDS (AS OF 01.04.2020)
$220 mln
THE VOLUME OF STATE CO-FINANCING IN 2016-2019 (AS OF 01.04.2020)
3 units
NEW SHIPS WERE DELIVERD TO LESSEES UNDER THE PROGRAMS CO-FINANCED BY THE GOVERNMENT (AS OF 01.04.2020)
52 units
NEW SHIPS WERE DELIVERD TO LESSEES (AS OF 01.04.2020)
30 units
PURCHASE VOLUME OF SHIPS UNDER THE PROGRAMS CO-FINANCED BY THE GOVERNMENT (AS OF 01.04.2020)
LEASING OF DOMESTIC VESSESELS
Q 1 2020
20 21
DRIVING FORCE
ENERGY EFFICIENT TRANSPORT LEASING
GTLK IS A ONE OF THE LEADERS IN LEASING OF VEHICLES RUNNING ON GAS ENGINE FUEL AND GROUND ELECTRIC VEHICLES
Key partners
1. Volgograd Region2. Republic of Komi3. Republic of Crimea 4. Leningrad Region 5. Moscow6. Omsk Region
7. Orenburg Region8. Samara Region9. Saint Petersburg 10. Sverdlovsk Region11. Sevastopol12. Tula Region
13. Ulyanovsk Region14. Chelyabinsk Region15. Chuvash Republic16. Yamalo-Nenets
Autonomous Area
16 REGIONS OF DELIVERY
1.9 thous. units
GTLK’S PROCUREMENT OF ENERGY EFFICIENT MACHINERY (AS OF 01.04.2020)
$63 mln
FEDERAL BUDGET INVESTMENTS IN THE AUTHORIZED CAPITAL OF GTLK IN 2015
$193 mln
GTLK’S INVESTMENT IN THE ENERGY EFFICIENT MACHINERY MARKET (AS OF 01.04.2020)
2
12
11
13
14
3
4
5
6
15
1
16
7
8
9
10
22 23
DRIVING FORCE
GTLK GLOBAL BUSINESS — EFFECTIVE FOREIGN LEASING PLATFORM
INTERNATIONAL AVIATION AND MARITIME LEASING ATTRACTING NON-BUDGET FINANCING ON INTERNATIONAL MARKETS DIVERSIFICATION OF FUNDING SOURCES AND GEOGRAPHY
SUCCESSFUL PLACEMENT OF EUROBONDS AMONG WIDE SPREAD OF INTERNATIONAL INVESTORS
FINANCIAL ARRANGEMENTS WITH INTERNATIONAL FINANCIAL INSTITUTIONS
1.
2.
3.
4. 5.
PROMOTION OF THE HIGH-TECHNOLOGY PRODUCTS EXPORT
EXPORT DEVELOPMENT OF FINANCIAL, LEASING SERVICES
GTLK Global Business
Key clients
An effective tool for attracting international funds
Portfolio structure
69 units 71% Air transport
28 units29% Water transport
PROFILE
KEY PRIORITIES OF LEASING PLATFORM
$ 4.5 bln
TOTAL LEASING PORTFOLIO* (AS OF 01.04.2020)
№ 31GLOBAL AIRCRAFT LESSOR**
* by value of the assets. By balance of unrecovered investment– $3.3 bln
**according to the ranking of Curium at the end of Q 1 2020
Hong KongDubai
Ireland
24 25
DRIVING FORCE
TRANSPORT INFRASTRUCTURE DEVELOPMENT
Operation of a customs point with a warehouse and a railway container terminal with a capacity of 2.5 million tons/year (Chelyabinsk Region)
Increase in the volume of energy coal export
Transfer of cargo flows from Baltic to Russian ports
The development of new markets by increasing the capacity of ships
TRANSPORT AND LOGISTICS COMPLEX “YUZHNOURALSKY”
CURRENT STATUS EFFECT FOR TRANSPORT INFRASTRUCTURE
COAL TRANSSHIPMENT COMPLEX “LAVNA”
Transport and logistics complex “Yuzhnouralsky”Chelyabinsk Region
Strategic object for the development of the new “Silk Road”
Shorter delivery times compared to existing routes
Simultaneous development of railway and road transport
CONTAINER RAIL TRANSPORTATION IS CARRIED OUT ON THE BASIS OF THE “SHUTTLE”
Construction of a port complex for coal transshipment with a capacity of 18 million tons/year in the seaport of Murmansk
AN ACT OF FINANCIAL CLOSURE WAS SIGNED UNDER A CONCESSION AGREEMENT
THE CONSTRUCTION OF PHASE 1 WAS COMPLETED
BASIC CONSTRUCTION CONTRACT IS AWAITING SIGNATURE
GTLK IS INVOLVED IN THE IMPLEMENTATION OF THE PROJECTS WHICH ARE INCLUDED IN COMPREHENSIVE PLAN FOR MODERNIZATION AND EXPANSION OF TRUNK TRANSPORT INFRASTRUCTURE UP TO 2024
Coal transshipment complex “Lavna” Murmansk
26 27
DRIVING FORCE
NATIONAL PROGRAM ”DIGITAL ECONOMY“
ACTIVE START AND PROACTIVE WORK
GTLK contributes to the realization of innovative development programs
GTLK is ready to consider both classical leasing and projects with direct financing (including concession)
Key partners
GTLK maintains strong partnership relations with the key IT companies
GTLK signed cooperation agreements with the largest market players in the field of integrative IT solutions and services and cyber security
LEASING OF DIGITAL ASSETS
GTLK IS ONE OF THE FIRST COMPANIES WHICH CREATED A NEW DIRECTION OF DIGITAL DEVELOPMENT
THE VOLUME OF FEDERAL BUDGET SUBSIDIES ALLOCATED TO GTLK IN 2019
ESTIMATED VOLUME OF LEASING TRANSACTIONS ON PREFERENTIAL TERMS IN 2020-2024
GTLK PLANS TO IMPLEMENT “END-TO-END” DIGITAL TECHNOLOGIES AND PLATFORM SOLUTIONS IN 2020–2024
$39 $129
>10
mln mln
projects
28 29
DRIVING FORCE
GTLK TOGETHER WITH RUSSIAN VENTURE COMPANY CREATES THE UNIQUE PLATFORM TO DEVELOP INNOVATIONS IN THE TRANSPORT INDUSTRY
ACCELERATOR – A COMPREHENSIVE PROGRAM FOR THE SELEC-TION AND DEVELOPMENT OF NEW TECHNOLOGIES TO PROMOTE INNOVATION IN THE TRANSPORT INDUSTRY
Program partners
340 applicationsSELECTED FOR PARTICIPATION IN THE INNOVATION PROGRAM (STARTUP TEAMS FROM RUSSIA, GERMANY, ISRAEL, SINGAPORE, KAZAKHSTAN, INDIA AND OTHER COUNTRIES)
33 project teamsWERE INVITED TO IN-PERSON SELECTION
12 teamsWERE INVITED TO THE ACCELERATION PROGRAM
STAGES AND KEY EVENTS
IN-PERSON SELECTION OF PROJECTS
ANALYSIS OF PROBLEMS AND GROWTH AREAS
SEARCH FOR TECHNOLOGICAL SOLUTIONS
SELECTION AND TESTING OF COLLABORATIVE CASES
1.
2.
3.
4. 5.
6.
SUMMARIZING THE RESULTS AND FINANCIAL PERFORMANCE
TRANSITION TO BUSINESS COOPERATION
DEVELOPMENT OF TRANSPORT INDUSTRY
TARGETS
TRANSFORMATION OF TRANSPORT INDUSTRY BY IMPLEMENTING DIGITAL TECHNOLOGIES AND PLATFORM SOLUTIONS
ENHANCING THE GLOBAL COMPETITIVENESS OF RUSSIAN ENGINEERING AND TRANSPORT SERVICES RENDERED
Geography of applications
Directions of projects
168 Cross-industry technologies and transport infrastructure projects
85 Passenger and road construction transport
59 Air transport
43 Solutions in the interests of GTLK
40 Railroad transport
30 Water transport
Project phase
Functionalprototype
Pilotproduction
Serialproduction
154
108
78
CORPORATE ACCELERATOR 77%
Russian companies
23% Foreign companies
30 31
DRIVING FORCE
SUCCESSFUL PLACEMENT OF EUROBONDS
Geographical spread of investors, %
Europe Russia USA(offshore) Asia, Middle East and North Africa (MENA)
36
63
35
32
70 21
53 36 6
4
9
1
5
5
20
4
75 139 3
1 ISSUE
2 ISSUE
3 ISSUE
4 ISSUE
5 ISSUE
Issue ratings
BB-Bа3BB
Bа3BBBа2
BB+Bа2
Arrangers of issues
1 ISSUE 3 ISSUE2 ISSUE ISSUES 4 AND 5THE MAIN INVESTORS INCLUDED THE LARGEST INSTITUTIONAL INVESTORS FROM EUROPE, GREAT BRITAIN AND RUSSIA
INCLUDED IN J.P.MORGAN EMBI GLOBAL AND EMBI GLOBAL RUSSIA INDICES
ALL ISSUES OF EUROBONDS WERE IN HIGH DEMAND
$ 2.65
TOP-3
EUROBOND ISSUES IN 2016-2020
TOTAL VOLUME OF ISSUES
RUSSIAN INTERNATIONAL BOND ISSUERS*
5 issues bln
73%THE AVERAGE SHARE OF FOREIGN INVESTORS
*According to Cbonds, Q 1 2020
32 33
DRIVING FORCE
IFRS FINANCIAL STATEMENTS
2014 2015 2016 2017 2018 2019
BALANCE
Net investment in leases 715 545 912 1,749 2,903 3,171
Assets under operating lease 370 1,080 1,134 1,729 2,262 4,437
Assets 1,249 2,383 2,986 4,382 6,709 9,906
Loans received 678 741 673 1,129 2,486 3,701
Liabilities under financial leasing 151 518 399 227 249 529
Issued bonds 269 517 1,108 2,020 2,690 3,962
Liabilities 1,114 1,798 2,241 3,542 5,592 8,581
Equity capital 135 584 745 840 1,117 1,325
STATEMENT OF COMPREHENSIVE INCOME
Revenue1 136 215 284 383 604 780
Net interest income2 36 41 43 71 142 157
Administrative costs (13) (18) (19) (25) (36) (46)
Loss from interest-bearing assets (17) (24) 20 (24) (14) (27)
Profit for the period 3 1 3 (49) 8 25
FINANCIAL STATEMENTS
Equity capital / Assets 10.8% 24.5% 24.9% 19.2% 16.6% 13.4%
Return on assets 11.9% 12.3% 11.8% 10.7% 10.5% 9.4%
Cost of funding 8.7% 9.1% 9.0% 8.1% 7.2% 6.6%
Administrative costs / Assets 1.1% 1.0% 0.7% 0.7% 0.6% 0.5%
Note:thenumberssometimesdonotaddupduetoround-off
1AccordingtoIFRSreports,finance/operatingleaseincome,andotherinterestincome
2Netinterestincome+Operatingleaseincome–Depreciationoffixedassetsheld underfinancelease,accordingtoIFRS
34 35
DRIVING FORCE
GTLK'S PARTNERS GTLK COOPERATES ON AN ONGOING BASIS WITH MORE THAN 70 MANUFACTURERS AND DEALERS OF MACHINERY AND CONSTANTLY EXPANDS THE RANGE OF ITS PARTNERS. GTLK MAINTAINS STRONG PARTNERSHIP RELATIONS WITH LEADING FINANCIAL INSTITUTIONS
Partners — leading financial institutionsKey partners
www.gtlk.ru
CONTACTS
Address 31a Leningradsky Avenue,
bldg #1, Moscow, 125284
Legal address 73 Respublika St., Suite #100, Salekhard,
Yamalo-Nenets Autonomous Area, 629008
Telephones (495) 221-00-12, 8-800-200-12-99
E-mail [email protected]
