Inter RAO Strategy Day. Website: strategyday2020.interrao.ru
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Phone number for shareholders: 8–800–700–03–70
(JSC VTB Registrator, free call in Russia)
Bolshaya Pirogovskaya ulitsa, 27 building 2, Moskva, Russia, 119435  ·   +7 (495) 664–88–40   ·  office@interrao.ru

Inter RAO Group strategy for the period up to 2025 with a view to 2030

Read the detailed presentation "Strategy Day 2030" at the link.

Inter RAO is a diversified energy holding, a leader in the energy industry in the Russian Federation, providing the most efficient asset management.

Target indicator

Target value in 20251

Target value in 20301

Revenue2

> 1500 bln RUB

> 2200 bln RUB

EBITDA2

> 210 bln RUB

> 320 bln RUB

EBITDA margin2

≥ 13%

≥ 14%

Share of the Russian retail market

>18%

20%

Volume of foreign trade operations3

≥12.2 bln kWh

≥10.2 bln kWh

Cumulative total use of investment funds4

500 bln RUB

1000 bln RUB

Efficiency of current projects

> WACC

Dividend yield

25% of the net profit by IFRS

1
The figures are based on the operating assets of Inter RAO, unless indicated otherwise.
2
The figures are based on potential M&A deals and/or potential new construction projects.
3
Excluding the possible development of large-scale electricity exports to China.
4
Investments to the implementation of M&A projects, new construction projects, etc., in addition to the annual investment program of the Group
Company value
 
Ensuring the growth of company value:

  • Effective participation in modernization and construction programs for thermal power generation assets (cogeneration modernization, competitive selection of new generation capacity, selection of generation facility construction projects using innovative power equipment, other mechanisms);
  • Effective use of the accumulated investment funds with the expansion of the Group;
  • Ensuring the preservation/growth of the efficiency of the Group's assets.
Business digitalization
 
Digitization (optimization / transformation) of key business processes in the management of production assets and funds, energy sales, trading, offering new digital services, as well as increasing the level of information security.
Business diversification
 
Diversifying the Group's business in the mechanical engineering segment, retail and other promising areas, including consideration of the possibility to participate in the development of renewable energy.
Sustainable development
 
Increasing sustainability with methods such as improving position in the international ESG ratings and reducing carbon footprint.
Electric power generation  
Heat generation business  
Retail business  
Foreign trade  
International operations  
Main areas of Development
Power engineering  
Engineering, repair and maintenance services  
Digital transformation  
Business diversification and innovation  
Sustainable development (ESG)  
Economic efficiency of ongoing investment projects for Inter RAO (IRR> WACC, payback period in accordance with the market norm).
Advanced synergy with existing/operated assets of Inter RAO, presence in various links of the value chain (fuel, trading, generation, distribution and sales) and a balanced generation structure according to various fuel types.
Providing investment attractive level of dividend payouts.
Using various interstate lending mechanisms to fund infrastructural projects.
Systematic approach
(securing a substantial market share or creating reserves for further business development).
Optimal debt ratio of Inter RAO through the implementation of investment projects on the principles of project financing, attracting funds both in Russian and international capital markets.
Using state support to implement projects that form part of the state policy.
Increasing requirements for minimizing risks and guarantees of return on invested capital as part of new investment projects during a recession and economic recovery.
Generation/thermal assets in Russia and abroad
Fuel assets in Russia
Generation assets operating on renewable energy sources in Russia
Supply assets in Russia, including participation in tenders for receiving the status of a last resort supplier or unified sales center/company
IT companies
Power plant engineering companies
Innovative digital platform solutions and services
Repair and maintenance companies in Russia
Engineering assets in Russia and abroad, including design and installation organizations
Innovative development companies (including research institutes / venture capital funds)
Smart accounting systems
Private equity funds investing in companies within core business
Other assets in high-potential areas