7. Russian macro picture Industrial production, y-o-y % Real disposable income, y-o-y % Source: State Statistics Committee Source: Central Bank of Russia RTS index USD/RUB Source: RTS Source: Central Bank of Russia 3
18. What happened to PE investments? % of bad loans to total portfolio of Russian banks Retail trade turnover, y-o-y % Source: NRG estimates Source: State Statistics Committee Food & beverage production, y-o-y % Broad-band Internet subscribers, m Source: PWC, NRG estimates Source: State Statistics Committee 6
19. NRG Private Equity Portfolio: Case study Ufanet: sales & EBITDA, $ m Genser: sales & EBITDA, $ m Source: company data Source: company data Ufanet: number of subscribers, ths Genser: debt, $ m 7 Source: company data Source: company data