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TGC-1

April 28, 2022

TGC-1 1Q 2022 RAS Net Profit increased by 36.4%

TGC-1 releases 3M 2022 financial statements under the Russian Accounting Standards (RAS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

3M 2021

3M 2022

Revenue

31,492.1

33,925.7

Costs

(25,464.5)

(26,025.1)

Gross Profit

6,027.6

7,900.6

EBITDA*

7,892.6

10,224.1

Net profit

4,921.2

6,711.8

* EBITDA = profit before taxation – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.

The Company’s revenue amounted to RUB 33 billion 925.7 million, which is 7.7% higher than for the same period of 2021. The revenue increase resulted from growing electricity spot prices and increased electricity and heat demand in the North-West on the back of lower air temperature in 1Q 2022.

Production costs increased by 2.2% to RUB 26 billion 025.1 million, resulting from increased production volume.

TGC-1's gross profit increased to RUB 7 billion 900.6 million. EBITDA amounted to RUB 10 billion 224.1 million. Net profit amounted to RUB 6 billion 711.8 million (+36.4%).

To find out more about the financial performance of TGC-1 for the 3M 2022, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

 

Media Relations

Investor Relations

+7 (812) 688-32-84

Press@tgc1.ru

+7 (812) 688-35-04

ir@tgc1.ru

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