2. Disclaimer
The information contained herein has been prepared by the Company. The opinions presented herein are based on general information gathered at the time of
writing and are subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its
accuracy or completeness.
These materials contain statements about future events and expectations that are forward‐looking statements. Any statement in these materials that is not a
statement of historical fact is a forward‐looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such
forward‐looking statements. We assume no obligations to update the forward‐looking statements contained herein to reflect actual results, changes in assumptions
or changes in factors affecting these statements.
This presentation does not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities and nothing contained
herein shall form the basis of any contract or commitment whatsoever. No reliance may be placed for any purposes whatsoever on the information contained in
this presentation or on its completeness, accuracy or fairness. The information in this presentation is subject to verification, completion and change. The contents
of this presentation have not been verified by the Company. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of
the Company or any of its shareholders, directors, officers or employees or any other persons to the accuracy, completeness or fairness of the information or
opinions contained in this presentation. None of the Company nor any of its shareholders, directors, officers or employees nor any other person accepts any
liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection there with.
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3. Quadra at a Glance
■ Generation of electricity and heat 1. Smolensk region 7. Ryazan region
■ Operations on wholesale market of electricity 2. Briansk region
Activities 3. Kaluga region
8. Lipetsk region
9. Belgorod region
■ Transmission and sale of heat to retail market 4. Orel region 10. Voronezh region
5. Kursk region 11. Tambov region
6. Tula region
■ 25 power plants
■ Installed electric capacity, 3 547,8 MW 1 Moscow ■ In close proximity to Moscow region
2 3
■ Installed heat capacity, 11 626,3 Gcal/h 56 9
4 8 ■ Industrially developed regions
7 10 11
Technical ■ 370 heating plants, including 203 leased plants ■ Regions of potential energy deficit
Characteristics ■ Installed heat capacity, 3 419,7 Gcal/h
■ 4646,2 km heat networks, including 1007,1 km leased
■ Fuel - 97% is gas, 3% is fuel oil and coal
Installed electricity capacity, GW(3) Installed heat capacity, ths. Gcal/h(3)
■ Onexim Group - 49.99%
TGK-7 6.9 TGK-7 31.3
■ Ordinary shares – 1 912 505 577 759. Ticker on
TGK-1 6.3 TGK-9 16.4
MICEX-TGKD
Capital Kuzbassenergo 4.5 Quadra (TGK-4) 15.9
Structure ■ Privilege shares – 75 272 938 838. Ticker on MICEX-
TGK-8 3.4 TGK-1 14.6
TGKDP
Quadra (TGK-4) 3.4 TGK-8 13.3
■ Market capitalization [ ] as of 9 September 2011(2) TGK-9 3.3 Fortum (TGK-10) 12.8
TGK-6 3.1 TGK-2 12.5
Fortum (TGK-10) 2.8 TGK-6 10.6
2009 2010 1H 2011(1)
TGK-2 2.6 TGK-5 9.0
Revenue 29,680 33,988 21,413 TGK-5 2.5
Financials Kuzbassenergo 8.9
EBITDA 4,539 3,663 1,944 Novosibirskenergo 2.5
TGK-11 8.2
TGK-13 2.5
Debt / EBITDA 0.4x 0.7x 1.3x TGK-13 7.1
TGK-11 2.1
Novosibirskenergo 6.9
TGK-14 0.6 2
TGK-14 2.7
Notes: (1) RAS accounts; (2) Source: Bloomberg; (3) Excluding Mosenergo
4. Corporate Governance and Management
SHAREHOLDERS MEETING
BOARD OF DIRECTORS, 11 members
Board of directors includes:
■ System Operator, 1 member
■ Minority Shareholders, 2 members
■ JSC “QUADRA”, 2 members
AUDIT COMMITTEE COMPENSATION COMMITTEE ■ Onexim Group, 6 members
Yulia Basova Grigoriy Bakaev
Chairman of the Board of Chairman of the Executive
Directors Board, CEO
From 2008 Yulia has been Chief Prior to joining JSC “Quadra” Mr.
Operating Officer of Onexim Group. Bakaev served as a senior manager of
She was the Deputy of the CEO of the JSC “Taimirgas” and JSC
Norilsk Nickel Group. “Irkutskenergo”. In 2006 he was named
one of the Top Ten Financial Directors
of Russia. He graduated from Finance
Academy under Russian Government, at
the Krasnoyrask Institute of Commerce.
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5. Quadra’s Strategic Focus in 2011
■ Launch of operations at new power plants in Kaluga (30 MW) and in Kursk (115
New capacity MW/80 Gcal)
■ Ongoing work on new capacity to be launched in 2012 – 2015 (780 MW)
■ Proceeding with Quadra’s heat distribution business spin-off
■ Pilot project of RAB regulation in Orel region
Heat business ■ Organization of joint venture with Dalkia, which will be in charge of heat
distribution business management in Kursk
■ Implementation of a medium-term investment program
■ Actively working with the analyst and investment community
Market
■ Increasing the company’s transparency
capitalization
■ Working on credit rating (scheduled end of 2011)
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6. 27,610 27,086
26,749
Key operational results
Production Capacity Electricity Production Dynamics
2008 2009 2010 1H 2011 44% 36% 37% 40%
14,614
Power plants 25 25 25 25 12,87812,878
Installed electric capacity, MW 3,347 3 ,419 3,522 3,547 10,67410,674 11,14611,146
Installed heat capacity, Gkal/h 12,472 12,556 12,653 11,563
6,0746,074
Heating plants 666 416 371 361
Including leased heating plants 517 268 211 201
Installed heat capacity, Gkal/h 5,123 4,465 4,224 4,173
Heat networks, km 5,655 4,935 4,651 4,641 2008
2008 2009
2009 2010
2010 1H2011
1H2011
Including leased heat networks 2,016 1,293 1,017 1,013
Electricity production, mn kWh ICUF, electricity
Heat output from power stations
#
and heating plants, ths. Gcal
Operational Results Heat Production Dynamics
2008 2009 2010 1H 2011
27,610 26,749 27,086
Electricity production, mnkWh 12,878 10,673 11,146 6,074
ICUF, electricity, % 44 36 37 40
14,614
Fuel use for elecricity, g/kWh 344 337 346 364
Heat output from power stations and
27,610 26,749 27,086 14,614
heating plants, ths. Gcal
ICUF, heat % 17.8 17.9 18.3 20.9
Fuel use for heat, kg/Gcal 151 152 152 169
2008 2009 2010 1H2011
■ Heat output from power stations and heating plants, ths. Gcal
5
9. Spin-Off Heat Business
Market Share of Quadra - 25%
Moscow
Smolensk Goals Expected Results
29% Kaluga ■ Creating an objective picture of the heat ■ Operating as separate heat transmission
1% distribution business and creating conditions for companies
Tula Ryzan future investments, potentially with strategic
■ Achieving positive valuation of heat business
Bryansk
25% 7% partners
8% Orel ■ Preparing for the implementation of RAB ■ Transparency in the heat business both for
Lipetsk
36% regulation in heat business regulators and investors
Kursk 36% Tambov
31%
21% ■ Liquidation of cross-subsidies
Belgorod
45% Voronez
26%
JSC «Quadra»
Spin-Off Heat Business, Implementation Of RAB Regulation in Heat Business
JSC «Quadra» Power
Generation
Completed: Will be created in 2012 Will be created in 2013
Power ■ JSC “Orlovskay Heat Company” ■ JSC “Tambowskay ■ “Lipetskay Heat
Generation ■ JSC “Belgorodskay Heat Company” Heat Company” Company”
■ JSC “Smolenskay Heat Company” ■ JSC “Voronezskay Heat
■ JSC “Ryzanskay Heat Company” Company”
Heat New entity
Networks
Heat
Networks
8
10. Key Growth Drivers
1 Investment program (DPM)
2 Spin-Off Heat Business
3 Implementation Of RAB Regulation in Heat Business
4 Improving Operational Efficiency
5 Transparency and investor relations
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11. Contacts
Member of the Executive Board, Member of the Board of Directors
Daniel Wolfe
Cell: +7 (985) 773 01 34
wolfe@quadra.ru
Head of Investor Relations
Anna Krilova
Cell: +7 (909) 934 2008,
+7 (495) 739 73 33, ext. 4444
Krylova_AV@quadra.ru
www.quadra.ru
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