In 2013 Gazprom ranks top among global EBITDA leaders

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On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted today Press Conference “Gazprom’s Financial and Economic Policy”. Taking part in the Press Conference were Andrey Kruglov, Deputy Chairman of the Management Committee, Head of the Department for Finance and Economics, Elena Vasilieva, Deputy Chairwoman of the Management Committee, Chief Accountant, Elena Karpel, Head of the Pricing and Economic Expert Analysis Department, Karen Oganyan, Head of the Tax Policy Department, Alexander Ivannikov, First Deputy Head of the Department for Finance and Economics and Mikhail Rosseev, Deputy Chief Accountant.

It was pointed out at the Press Conference that in 2013 Gazprom was the first among global public companies in terms of EBITDA and the third – in terms of net profit. Following the last year’s results, the adjusted EBITDA considerably surpassed the 2012 level and amounted to RUB 2 trillion (over USD 63 billion), the net profit totaled RUB 1.139 trillion (USD 36 billion).

From 2007 to 2013 the EBITDA growth averaged 10 per cent, the net profit grew by 6 per cent, whereas global petroleum majors demonstrated a 0.4 to 3 per cent decline respectively.

In terms of the free cash flow and the relation of this indicator to the Company’s capitalization, Gazprom took the lead among Russian petroleum majors. In 2013 these indicators amounted to RUB 351 billion (USD 11 billion) and 13 per cent accordingly.

In terms of the free cash flow and the relation of this indicator to the Company’s capitalization, Gazprom took the lead among Russian petroleum majors. In 2013 these indicators amounted to RUB 351 billion (USD 11 billion) and 13 per cent accordingly.

Gazprom pays special attention to cost optimization in price formation for primary materials and equipment. In 2013 a total of RUB 30 billion was saved as a result of cost reduction in procurement.

Gazprom makes consistent efforts aimed at increasing the liquidity of the Company’s securities and their accessibility for investors. On June 9, 2014 Gazprom’s shares were included into the top quotation list of the Moscow Exchange, and on June 17, 2014 the Company’s depositary receipts were granted an introductory listing and included in the quotation list of the Singapore Exchange.

It was also pointed out that Gazprom successfully operated at debt capital markets. In 2013 the Company placed bonds worth EUR 900 million and GBP 500 million, a Eurobond worth CHF 500 million as well as a debut issue of exchange bonds worth RUB 30 billion. High volumes of the transactions prove investors’ keen interest in Gazprom.

The Press Conference also considered other issues related to the current and future financial and economic activities of Gazprom.

Gazprom website Editorial Board

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