X5 retail group RAS financial statements. Key facts and figures from the report

Name of organization Limited Liability Company "IKS 5 Retail Group" TIN 7733571872 Type code economic activity according to the classifier OKVED 70.20 Code according to OKPO 96042871 Form of ownership (according to OKFS) 16 - Private property Legal form (according to OKOPF) 65 - Type of report 2 - Full Unit of measure 384 - Thousand rubles Composition of reporting

Zero lines are hidden for ease of reporting.

Balance sheet

Income statement

Statement of changes in equity

Cash flow statement

The information is generated from a set of open data "Accounting (financial) statements of enterprises and organizations for 2015" Federal Service state statistics (Rosstat)

X5 Retail Group has published its 2017 annual report, including audited consolidated financial statements prepared in accordance with international standards financial statements adopted in the European Union.

X5 Chief Executive Officer Igor Shekhterman said:

“Our company has continued to outperform the market and has achieved its goals of both growing and improving business performance and adapting the business to better meet customer needs. In 2017, we achieved positive LFL sales growth across all three formats of 5.4%.

Despite the slowdown in food inflation, we achieved strong revenue growth of 25.3% year-on-year and maintained our Adjusted EBITDA margin at the same level as last year. In accordance with the new dividend policy X5, this allowed the Supervisory Board to recommend a debut dividend payment of RUB 21.6 billion, representing a payout of 69% of net profit for 2017. I am pleased that we have begun to pay shareholders, while continuing to maintain a rapid pace of business development.

For 2018, the Company has set ambitious goals for business growth and efficiency improvement. We continue to work in difficult market conditions and will continue to adapt and refine the value propositions of each of the three main formats to best and most effectively meet the needs of our customers in Russia.”

Key facts and figures from the report:

• X5's revenue growth rate was 25.3% yoy (yoy), driven by strong growth in like-for-like (LFL) sales, as well as strong selling space growth.
• The company added a record 2,934 new stores in 2017, adding 1,178,000 sqm of selling space. m, which is the largest X5 discovery program in history.
• Gross margin decreased by 33 basis points (b.p.) yoy to 23.9% in 2017 due to increased investments in customer loyalty, including updating the value proposition, expanding the range, developing loyalty programs /buyers in all formats. Another factor that contributed to the decline in gross margin was the change in the contribution of retail formats to the Company's revenue structure, in particular, the increase in the share of the Pyaterochka retail chain in the X5 business (the share in net retail revenue reached 78% in 2017).
• Adjusted SG&A(1) decreased by 33 b.p. y-o-y to 16.8%, which is the most low level since 2010, due to the effect of the implementation of projects to optimize operating activities, as well as the effect of operating leverage.
• Adjusted EBITDA(2) increased by 24.7% YoY to RUB 99,131 mln. in 2017. Adjusted EBITDA margin remained stable at 7.7%.
• Adjusted net income(3) increased by 51.5% y-o-y and reached 33,768 million in 2017. Adjusted net profit margin increased by 45 b.p. y-o-y to 2.6%.
• In accordance with the new dividend policy of the Company, X5's Supervisory Board recommended the payment of dividends in the amount of RUB 21.6 billion. or 79.5 rubles. per GDR(4), representing 69% of IFRS consolidated net income for 2017.
• Despite continued strong growth, Net Debt/EBITDA declined to 1.73x as at 31 December 2017, the lowest in the Company's history.

Dynamics of the average ticket, the number of customers and net retail sales for the 4th quarter and 12 months of 2017, % change y-o-y

In 4 sq. 2017 net retail sales of X5 increased by 23.4% y-o-y due to:

• 3.5% growth in like-for-like (LFL) sales, and
• selling space growth by 27.4% (+19.9% ​​contribution to revenue growth)

The Pyaterochka retail chain was the main contributor to X5's Q4 revenue growth. 2017: Net retail sales growth was 26.0% y-o-y for the period.

Dynamics retail space by format, sq. m

Like-for-like sales dynamics (*) for Q4 and 12M 2017, % y-o-y

In 4 sq. In 2017, the growth rate of LFL sales remained at a high level and amounted to 3.5% y-o-y.

(*) Comparison of retail sales volumes of comparable stores (LFL) for two different time periods is a comparison of retail sales of the respective stores in ruble terms (including VAT). When calculating sales growthLFLStores that have been open for at least twelve full months are counted. Their earnings are included in comparative analysis since the opening of the store. This calculation includes all stores that meet the criteriaLFL companies in each reporting period.

The X5 Supervisory Board decided in 2017 that the Company has reached a level of development where the introduction of a dividend policy will increase investment attractiveness for both current and potential shareholders of the Company. The Supervisory Board monitors the progress of the Company in achieving its strategic goals on an ongoing basis, as well as evaluates its operational and financial activities. In proposing the introduction of a dividend policy, the Supervisory Board expressed its confidence that X5 is now in a position to pay dividends while continuing to achieve strategic growth targets.

Based financial results Companies for 2017. The Supervisory Board proposes to pay dividends in the amount of RUB 21,590 mln. / 79.5 rubles per GDR (gross, excluding taxes and commissions), representing 69% of X5's 2017 net income.

This proposal will be considered at the annual General Meeting of Shareholders, which will be held on May 10, 2018. The register closing date is set for May 25, 2018, the ex-dividend date is May 24, 2018. In accordance with the dividend policy, the payment will be made within 45 days from the date of the annual General Assembly shareholders, i.e. until June 22, 2018

Full name: LLC "X 5 RETAIL GROUP"

TIN: 7733571872

Type of activity (according to OKVED): 70.22 - Consulting on issues commercial activities and management

Form of ownership: 16 - Private property

Legal form: 12300 - Limited liability companies

Reporting is done in thousand rubles

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Accounting statements for 2012-2017

1. Balance sheet

Brief balance sheet analysis

Graph of changes in non-current assets, total assets and capital and reserves by years

2. Profit and loss statement

Brief analysis of financial results

Schedule of changes in revenue and net profit by years

4. Cash flow statement

6. Report on the intended use of funds

2017 2016 2015 2013 2012

No data for this period

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* An asterisk indicates indicators that are adjusted in comparison with Rosstat data. The adjustment is necessary to eliminate obvious formal inconsistencies in reporting indicators (difference in the sum of lines with the final value, typos) and is carried out according to an algorithm specially developed by us.

Reference: Accounting statements presented according to Rosstat, disclosed in accordance with the legislation of the Russian Federation. The accuracy of the given data depends on the accuracy of the data submission to Rosstat and the processing of these data by the statistical agency. When using this reporting, we strongly recommend that you check the figures with the data of the paper (electronic) copy of the reporting posted on the official website of the organization or received from the organization itself. The financial analysis The presented data are not part of the Rosstat information and are performed using a specialized