Magnit

Earnings Release • Apr 9, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

PJSC MAGNIT - March/3M 2015 Results

PR Newswire

London, April 9

Press-releaseKrasnodarApril 9, 2015PJSC "Magnit" Announces 30.40% Retail Sales Growth in Rubles forMarch 2015[1]Krasnodar, April 9, 2015: PJSC "Magnit", Russia's largest foodretailer (the "Company"; MOEX and LSE: MGNT) announces 30.40% retail salesgrowth in rubles for March 2015.During March 2015 the Company opened (net) 187 stores. The totalstore base reached 10,120 stores (8,581 convenience stores, 196 hypermarkets,104 "Magnit Family" stores and 1,239 drogerie stores).Preliminary consolidated unaudited net retail revenue (excl. VAT)in 3M 2015 increased by 33.11% in ruble terms (compared to 3M 2014) and stoodat 218,231.77 million rubles.According to Rosstat food inflation in March 2015 amounted to 1.6%compared to 1.8% in March 2014, in 3M 2015 it was 10.9% compared to 4.0% in 3M2014.March and 3M 2015 Key Operating and Financial Highlights: March 2015 March 2014 Growth Rate 3М 2015 3М 2014 Growth RateNumber of opened stores, NET 187 49 n/a 409 163 n/a convenience stores 102 45 n/a 237 141 n/a hypermarkets 3 3 n/a 6 4 n/a magnit family 6 2 n/a 7 4 n/a drogerie stores 76 (1) n/a 159 14 n/aTotal number of stores 10,120 8,256 n/a 10,120 8,256 n/a convenience stores 8,581 7,341 n/a 8,581 7,341 n/a hypermarkets 196 165 n/a 196 165 n/a magnit family 104 50 n/a 104 50 n/a drogerie stores 1,239 700 n/a 1,239 700 n/aSelling space, eop, th. sq. m. 3,732.73 3,068.61 21.64% 3,732.73 3,068.61 21.64% convenience stores 2,754.69 2,349.71 17.24% 2,754.69 2,349.71 17.24% hypermarkets 577.03 493.53 16.92% 577.03 493.53 16.92% magnit family 116.12 58.08 99.92% 116.12 58.08 99.92% drogerie stores 284.90 167.29 70.30% 284.90 167.29 70.30%Selling space growth, th. sq.m. 65.56 24.54 n/a 142.09 57.24 n/a convenience stores 35.27 12.60 n/a 81.38 37.51 n/a hypermarkets 6.52 8.68 n/a 17.94 10.66 n/a magnit family 6.26 2.46 n/a 7.05 4.82 n/a drogerie stores 17.52 0.79 n/a 35.73 4.25 n/aNumber of customers, million 275.49 241.31 14.16% 766.34 662.66 15.65% convenience stores 235.87 211.57 11.48% 658.09 582.77 12.93% hypermarkets 22.21 19.70 12.78% 61.01 53.07 14.95% magnit family 7.59 4.39 72.93% 20.89 11.53 81.12% drogerie stores 9.82 5.65 73.67% 26.35 15.29 72.31%Net retail sales, million RUR 77,994.74 59,813.27 30.40% 218,231.77 163,951.83 33.11% convenience stores 57,828.25 45,654.95 26.66% 162,596.12 126,020.31 29.02% hypermarkets 14,015.68 11,045.11 26.89% 38,730.75 29,589.83 30.89% magnit family 3,450.15 1,704.15 102.46% 9,601.90 4,453.55 115.60% drogerie stores 2,700.66 1,409.07 91.66% 7,303.00 3,888.13 87.83%Net retail sales, million US$[2] 1,294.38 1,651.73 (21.63)% 3,509.01 4,689.82 (25.18)% convenience stores 959.70 1,260.75 (23.88)% 2,614.43 3,604.79 (27.47)% hypermarkets 232.60 305.01 (23.74)% 622.76 846.41 (26.42)% magnit family 57.26 47.06 21.67% 154.39 127.39 21.19% drogerie stores 44.82 38.91 15.18% 117.43 111.22 5.58%LFL resultsFormats 1Q 2015 - 1Q 2014[3] # of Stores Average Ticket Traffic SalesConvenience Stores 7,046 13.87% 0.17% 14.06%Hypermarkets 162 14.38% 0.47% 14.91%Magnit Family 47 15.23% 1.79% 17.29%Drogeries 639 9.97% 12.63% 23.86%Total 7,894 13.97% 0.49% 14.53%For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, thecompany is headquartered in the southern Russian city of Krasnodar. As ofMarch 31, 2015, Magnit operated 28 distribution centers and over 10,000 stores(8,581 convenience, 300 hypermarkets, and 1,239 drogerie stores) inapproximately 2,180 cities and towns throughout 7 federal regions of theRussian Federation.In accordance with the audited IFRS consolidated financialstatements for 2014, Magnit had revenues of RUB 764 billion and an EBITDA ofRUB 86 billion. Magnit's local shares are traded on the Moscow Stock Exchange(MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it hasa credit rating from Standard & Poor's of BB. Measured by marketcapitalization, Magnit is one of the largest retailers in Europe.---------------------------------[1] According to management accounts[2] Based on the average exchange rate for March 2015 - 60.2563 RUBper 1 USD, March 2014 - 36.2124 RUB per 1 USD, 3M 2015 - 62.1919 RUB per 1USD, 3M 2014 - 34.9591 RUB per 1 USD[3] LFL calculation base includes stores (all formats), which havebeen opened 12 months prior to the last month of the reporting period. i.e. byMarch 1, 2014.