Russia’s largest retailer PJSC Magnit announces its audited FY 2015 results

Krasnodar, Russia, 2016-Mar-28 — /EPR Retail News/ — , March 24, 2016: PJSC “Magnit”, Russia’s largest retailer (the “Company”; MOEX and LSE: MGNT) announces its audited FY 2015 results prepared in accordance with IFRS.

During 2015 the Company added (net) 2,378 stores (1,250 convenience stores, 29 hypermarkets, 58 “Magnit Family” stores and 1,041 drogerie stores) and increased its selling space by 22.92% in comparison to 2014 from 3,590.64 thousand sq. m. to 4,413.72 thousand sq. m. The total store base as of December 31, 2015 reached 12,089 stores (9,594 convenience stores, 219 hypermarkets, 155 “Magnit Family” stores and 2,121 drogerie stores).

Revenue increased by 24.50% YoY from 763,527.25 million RUR in 2014 to 950,613.34 million RUR in 2015. The top line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.

Gross profit increased by 22.81% from 220,520.56 million RUR to 270,820.81 million RUR. Gross margin in 2015 amounted to 28.49%.

EBITDA increased by 21.03% from 85,909.67 million RUR in 2014 to 103,972.93 million RUR in 2015. EBITDA margin in 2015 amounted to 10.94%. EBITDA margin in the 4Q of 2015 was 11.09%. Net Debt / EBITDA ratio (in ruble terms) for 2015 amounted to 0.92.

2015 net income increased by 23.85% and amounted to 59,061.20 million RUR vs. 47,685.84 million RUR in 2014. Net income margin for 2015 was 6.21%.

Key figures presented in this press release are immaterially higher compared to numbers under management accounts announced by the Company on January 27, 2016. Thus, according to the audited FY 2015 results EBITDA and EBIT margins are higher by 1 b. p., while Net Income margin is higher 2 b.p

For further information, please contact:

Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries Media Relations Department
press@magnit.ru

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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 has a credit rating from Standard & Poor’s of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

FULL PRESS RELEASE

Russia’s largest retailer “Magnit” announces the opening of its 89th “Magnit Family” store

Krasnodar, Russia, 2014-12-22 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and “Magnit Family” stores.

Please be informed that on December 20, 2014 the Company has opened its 89th “Magnit Family” store.

The 89th “Magnit Family” store is located at Gafiatullina street, Bugulma, Republic of Tatarstan, Volga federal region. Assortment of the store consists of more than 8,500 SKUs, out of which about 90% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

On December 21, 2014 the Company has opened its 90th and 91st “Magnit Family” stores.

The 90th “Magnit Family” store is located at 28, 40 let Pobedy street, Togliatti, Samara oblast, Volga federal region. Assortment of the store consists of more than 7,400 SKUs, out of which about 93% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company.

The hypermarket is open 7 days a week from 9 am to 11 pm.

The 91st “Magnit Family” store is located at 3, Bolshaya Filevskaya street, Moscow, Central federal region. Assortment of the store consists of more than 9,100 SKUs, out of which about 89% are food items. There are 12 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.

On December 22, 2014 the Company has opened its 92nd “Magnit Family” store and 185th hypermarket.

The 92nd “Magnit Family” store is located at 16/2, Industrialnoye shosse, Sibay, Republic of Bashkortostan, Volga federal region. Assortment of the store consists of about 7,400 SKUs, out of which about 91% are food items. There are 11 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm

The 185th hypermarket (small format) is located at Kurchatova street (“Kosmos” shopping center), Volgograd, Southern federal region. Assortment of the hypermarket consists of more than 12,800 SKUs, out of which about 86% are food items. There are 14 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10:30 pm.

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: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately
2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million USD. Magnit’s local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

Russia’s largest retailer “Magnit” announces the opening of the 1000th drogerie store

Krasnodar, Russia, 2014-11-28 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces the opening of the 1000th drogerie store.

Please be informed that today the Company opened its 1000th drogerie store located at 18/1 Pavshikh Bortsov street, Mishkino village, Kurgan oblast. This is the first “Magnit Cosmetic” store in this location. The total space of the store is 209 sq. m. and its selling space is 170 sq. m. The outlet is leased by the Company. Population of Mishkino stands at over 8000 people. In this village Magnit already operates its food convenience store.

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: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million USD. Magnit’s local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.