Holding Helicopters of Russia Results for 2012

JSC "Helicopters of Russia" (hereinafter — the Company), one of the world's leading developers and manufacturers of helicopters, including a number of innovative and widely operated models, announces its audited consolidated operating and financial results for 2012 according to IFRS.

• Supply of helicopters increased by 10.3% to 289 helicopters;
• A solid order backlog totaled 817 helicopters on December 31, 2012;
• Revenue increased by 21.0% and amounted to 125.7 billion rubles.;
• EBITDA increased by 16.0% and amounted to 20.8 billion rubles.;
• EBITDA margin was 16.6%;
• Operating profit increased by 35.2% and amounted to 9.4 billion rubles.

 

Commenting on today's announcement, General Director of JSC "Helicopters of Russia" Dmitry Petrov said: "Last year was the Company for another year of strong growth and the successful achievement of the goals. We continued to increase the supply of helicopters to our clients, which confirms the steady growth in demand for our model in the world — in 2012 we prodali289 9 different types of machines to our customers in 19 countries, increasing supply by 10.3%. We sohranilivysoky level solid order book, which by the end of the year reached 817 helicopters, and its value has exceeded 350 billion rubles. "

"This year, our activities will continue to focus on key strategic areas: modernization and diversification of the lineup, the development of the service and after-sales service and increase operational efficiency.

We will make every effort to company continued to grow rapidly, develop and strengthen its position in the global market ", — said Dmitry Petrov.

FINANCIAL SUMMARY MARCH 2012

The consolidated revenue of the Company for the year 2012 amounted to 125.7 billion rubles., Showing an increase of 21.0%, this is due primarily to the 10.3% increase in deliveries of helicopters. Proceeds from the sales of this type of product for the past year amounted to 99 billion rubles. Revenue from service and after-sales service for the year 2012 — 18.4 billion rubles.

Cost of products and services to the Company for the year 2012 amounted to 79.9 billion rubles., An increase of 26.3% compared with 2011. Operating expenses increased by 18.2% and as a result in 2012 amounted to 30.6 billion rubles.

EBITDA for the period increased by 16.0% and amounted to 20.8 billion rubles. In this segment EBITDA for the sale of helicopters was 15.4 billion rubles., In the segment of the service and after-sales service — 4.2 billion rubles.

Earnings of the Company as a result in 2012 amounted to 9.4 billion rubles., An increase of 35.2% compared with 2011.

Capital expenditures for the previous period decreased slightly by 5.5% to 13.0 billion rubles. Of these, investment in production capacity of 7.6 billion rubles., A decrease of 16.4% compared with 2011.

The Company's expenses for research and development activities in 2012 amounted to 5.3 billion rubles., An increase compared with 2011 by 16.1% /, the Company continues to pursue a strategy aimed at increasing innovation capacity.

KEY OPERATING HIGHLIGHTS OF THE YEAR 2012

Deliveries of helicopters in 2012 totaled 289 helicopters, an increase of 27 helicopters, or 10.3%, compared with 2011. Total in 2012, the Company has set 9 types of helicopters to customers in 19 countries around the world.
At the end of 2012 firm orders of the Company amounted to 817 helicopters, with a cost of 359.9 billion rubles. It should be noted that the company for 2012 was signed several major contracts with India, China and Brazilieyna delivery in 2012-2016 a total of 126 cars. Supply plan for 2013 provided a firm order for 100%.

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JSC "RUSSIAN HELICOPTERS" — A subsidiary of OPK "Oboronprom" (part of the State Corporation Rostekhnadzor), one of the world's leading helicopter industry, the only developer and manufacturer of helicopters in Russia. Holding was formed in 2007. The head office is located in Moscow. The holding comprises five helicopter plants, two design bureaus, as well as manufacturers and service components and service company that provides after-sales support in Russia and abroad. Buyers of the holding's products — the Russian Defense Ministry, the Interior Ministry of Russia, Russian Ministry of Emergency Situations, the airline "Gazprom avia" and UTair, major Russian and foreign companies. In 2012, the proceeds of "Helicopters of Russia" under IFRS grew by 21% and amounted to 125.7 billion rubles, while the volume of shipments reached 289 cars.

JSC "OPK" Oboronprom "— Multi-profile industrial and investment group established in 2002. Included in the State Corporation Rostekhnadzor. The main tasks include helicopter (JSC "Helicopters of Russia") and engine-building (MC "United Engine Corporation").
 
State Corporation "Russian Technologies" (Rostekhnadzor) — Russian corporation, established in 2007 to promote the development, production and export of high-tech industrial products for civil and military purposes. It includes 663 organizations, of which at present is formed 8 holding companies in the military-industrial complex, a 5 — to civilian industries. Rostekhnadzor organization are located in 60 regions of the Russian Federation and deliver products to market more than 70 countries worldwide. Net income in 2011 amounted to 45.6 billion rubles, the tax payments to the budgets of all levels reach 100 billion rubles.

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