Key Performance Indicators (KPI) of the Company
The net profit margin (30.4%) and return on equity (20.6%) met the targets outlined in the Company’s strategy.
Key financial indicators of the Company are given in the table below.
|Adjusted revenueAdjusted Revenue is calculated as total revenue less cost of integrated freight forwarding and logistics services.||31,288||27,782||+3,506||+12.6|
|Adjusted expensesAdjusted Operating Expenses are calculated as operating expenses less cost of integrated freight forwarding and logistics services.||21,215||20,653||+562||+2.7|
|EBITDAEBITDA is calculated as profit for the period before income tax, interest expense, depreciation and amortisation less interest income, foreign exchange gain (loss), share of result of associates and joint ventures, excess of the fair value of subsidiary net assets over its purchase cost, profit from fixed assets disposal.||13,342||10,252||+3,090||+30.1|
|AdjustedAdjusted EBITDA Margin is defined as EBITDA divided by Adjusted Revenue. EBITDA margin (%)||42.6||36.9||+6 p. p.|
|Profit for the period||9,509||6,534||+2,975||+45.5|
|AdjustedAdjusted EBITDA Margin is defined as EBITDA divided by Adjusted Revenue. net profit margin (%)||30.4||23.5||+7 p. p.|
|Debt (including the interest)||11,306||6,412||+4,894||+76.3|
|Net debtNet Debt is calculated as long-term debt, finance lease obligations, short-term debt and current portion of the long-term debt less cash and cash equivalents and short-term investments.||1,779||2,241||(462)||(20.6)|
|LTM EBITDALTM EBITDA is calculated as EBITDA for the past 12 months.||13,342||10,252||+3,090||+30.1|
|Net debt / LTM EBITDA (%)||13.0||22.0||9 p. p.|
Considering the on-going increase of the customer demand for the Company’s services, TransContainer’s Investment Plan for 2018 was increased threefold. Thereat, the reporting period results showed that the investment volume was below the budget level and totalled RUB 8.9 billion due to delayed delivery of flatcars by the manufacturers. Major investments were spent on purchasing containers and flatcars.
As of 31 December 2018, the Company’s total debt was RUB 11,306 million with net debt of only RUB 1,779 million, bringing the Net debt to EBITDA ratio to 13%.