| Russian transport infrastructure construction market |
|
Current state
|
- Insufficiency and poor quality of existing transport infrastructure
- Undeveloped highways cost the economy > RUB1.3tr or 3% of Russian GDP annually
- Russia ranks 111th out of 125 countries on the quality of its road infrastructure
- Over 59% of railways, 35% of highways and 19% of bridges require reconstruction and modernization
- 6.6 km of road per one thousand people, compared with 26.1 km in Canada, 21.0 km in the United States, 9.9 km in Poland and 9.6 km in Brazil
|
|
Comprehensive investment programme and market potential
|
- Need for substantial investment in modernization and overhaul addressed by:
- Comprehensive investment programme developed and being implemented by the State
- Private investments in the sector
- In 2011 the size of Russian transport infrastructure construction market was ñ. RUB660bn and is expected to grow at average rate of 15% pa over the period from 2012 to 2015
- Highways and bridges, key addressable market for Mostotrest, consistently account for c. 60% of the Russian transport infrastructure construction market
|
| Source: PMR estimates, 2010 |
| Mostotrest at a glance |
|
Leading market share1
|
- #1 in Russian transport infrastructure construction market with c. 8,6% market share, including market shares of ETS and TSM
- #1 in Russian bridge engineering and construction sector with c. 25% market share
|
|
Experience and track-record
|
- 80 years of successful operations
- Constructed more than 6 000 bridges with a total length of approximately 600 km, including over 30 complex transport interchanges
- Holds over 60 scientific patents
- Landmark completed projects:
- Cable-stayed bridge in Serebriany Bor, Moscow, 2007
- Bridge over the Angara river, Irkutsk, 2009
- Pulkovo traffic interchange, St. Petersburg, 2007
- Railway in Nakhodka, Far East of Russia, 2009
|
|
Diversified construction capabilities
|
- Construction and overhaul of bridges and highways, railways and railway bridges, airfields and airports, water infrastructure facilities and other infrastructure and non-infrastructure engineering and construction
|
|
Wide geographic coverage
|
- Central Federal District
- Southern Federal District
- North-Western Federal District
- Urals Federal District
- Siberian Federal District
- Far Eastern Federal District
|
|
Financial highlights2
|
- 2011 Revenue: RUB 99 billion
- 2011 EBITDA: RUB 9.5 billion
|
|
Consolidated backlog3
|
- RUB 320 billion as at 31 December 2011
|
|
Subsidiaries
|
- Engtransstroy Corporation (51%)
- Transstroymekhanisatsia (50.1%)
- Mostostroy 11 (25.002%)
- 14 branches across the country
|
|
Number of employees4
|
- 21,100 employees (as at 31 December 11)
|
Source: Company data, EMBS Group estimates, 2011
1Estimated by EMBS Group based on revenue in 2011 based on works conducted in-house, i.e. not sub-contracted
2Based on 2011 consolidated IFRS financial statements for the acquisition of controlling interests in ETS and TSM
3As at 31 December 2011, including ETS and TSM
4Average annual employees number