Press-release
Krasnodar
January 12, 2015
PJSC “Magnit” Announces 37.30% Retail Sales Growth in Rubles for December 20141
Krasnodar, January 12, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE:
MGNT) announces 37.30% retail sales growth in rubles for December 2014.
During December 2014 the Company opened (net) 204 stores. The total store base reached 9,711 stores (8,344
convenience stores, 190 hypermarkets, 97 “Magnit Family” stores and 1,080 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in 12M 2014 increased by 31.61% in ruble
terms (compared to 12M 2013) and stood at 762,721.31 million rubles.
1
According to management accounts
December 2014 Key Operating and Financial Highlights:
December 2014
Growth Rate
204
173
n/a
convenience stores
111
140
n/a
hypermarkets
9
9
n/a
magnit family
19
12
n/a
drogerie stores
65
12
n/a
9,711
8,093
n/a
convenience stores
8,344
7,200
n/a
hypermarkets
190
161
n/a
magnit family
97
46
n/a
drogerie stores
1,080
686
n/a
96.05
77,51
n/a
convenience stores
41.63
38,90
n/a
hypermarkets
21.36
22,82
n/a
magnit family
19.09
13,24
n/a
drogerie stores
13.97
2,55
n/a
3,590.64
3,011.38
19.24%
convenience stores
2,673.31
2,312.20
15.62%
hypermarkets
559.09
482.88
15.78%
magnit family
109.07
53.26
104.78%
drogerie stores
249.17
163.04
52.83%
282.35
234.52
20.40%
convenience stores
240.45
204.82
17.40%
hypermarkets
24.04
20.15
19.30%
magnit family
7.79
3.79
105.29%
drogerie stores
10.07
5.76
74.93%
87,355.88
63,624.03
37.30%
convenience stores
62,684.52
47,132.34
33.00%
hypermarkets
17,621.14
13,221.25
33.28%
magnit family
4,019.29
1,640.41
145.02%
drogerie stores
3,030.93
1,630.03
85.94%
1,572.88
1,934.18
(18.68)%
convenience stores
1,128.66
1,432.83
(21.23)%
hypermarkets
317.28
401.93
(21.06)%
magnit family
72.37
49.87
45.12%
drogerie stores
54.57
49.55
10.13%
Number of opened stores, NET
Total number of stores
Selling space growth, th. sq.m.
Selling space, eop, th. sq. m.
Number of customers, million
Net retail sales, million RUR
Net retail sales, million US$2
2
December 2013
Based on the average exchange rate for December 2014 - 55.5389 RUB per 1 USD, December 2013 – 32.8945 RUB per 1 USD
4Q and 12M 2014 Key Operating and Financial Highlights:
4Q 2014
Growth Rate
12М 2014
12М 2013
Growth Rate
691
447
n/a
1,618
1,209
n/a
convenience stores
453
417
n/a
1,144
1,154
n/a
hypermarkets
15
13
n/a
29
35
n/a
magnit family
29
16
n/a
51
26
n/a
drogerie stores
194
1
n/a
394
(6)
n/a
9,711
8,093
n/a
9,711
8,093
n/a
convenience stores
8,344
7,200
n/a
8,344
7,200
n/a
hypermarkets
190
161
n/a
190
161
n/a
magnit family
97
46
n/a
97
46
n/a
drogerie stores
1,080
686
n/a
1,080
686
n/a
3,590.64
3,011.38
19.24%
3,590.64
3,011.38
19.24%
convenience stores
2,673.31
2,312.20
15.62%
2,673.31
2,312.20
15.62%
hypermarkets
559.09
482.88
15.78%
559.09
482.88
15.78%
magnit family
109.07
53.26
104.78%
109.07
53.26
104.78%
drogerie stores
249.17
163.04
52.83%
249.17
163.04
52.83%
263.64
169.99
n/a
579.26
462.12
n/a
convenience stores
153.60
116.46
n/a
361.11
334.74
n/a
hypermarkets
37.11
34.43
n/a
76.21
95.26
n/a
magnit family
30.24
17.83
n/a
55.81
28.91
n/a
drogerie stores
42.69
1.27
n/a
86.13
3.21
n/a
785.28
656.92
19.54%
2,944.12
2,465.05
19.43%
convenience stores
676.19
579.17
16.75%
2,567.15
2,193.87
17.01%
hypermarkets
64.50
53.45
20.67%
237.59
193.06
23.06%
magnit family
19.67
9.57
105.68%
60.93
29.60
105.86%
drogerie stores
24.91
14.73
69.18%
78.45
48.52
61.68%
220,433.04
162,467.00
35.68%
762,721.31
579,528.48
31.61%
convenience stores
163,402.86
123,796.88
31.99%
577,775.77
450,801.48
28.17%
hypermarkets
41,305.34
31,180.71
32.47%
139,655.12
106,175.58
31.53%
magnit family
9,023.09
3,695.40
144.17%
25,533.74
10,678.07
139.12%
drogerie stores
6,701.76
3,794.01
76.64%
19,756.68
11,873.35
66.40%
4,648.10
4,993.85
(6.92)%
19,851.32
18,196.70
9.09%
convenience stores
3,445.55
3,805.22
(9.45)%
15,037.75
14,154.78
6.24%
hypermarkets
870.97
958.42
(9.12)%
3,634.80
3,333.82
9.03%
magnit family
190.26
113.59
67.50%
664.57
335.28
98.21%
drogerie stores
141.31
116.62
21.18%
514.21
372.81
37.93%
Number of opened stores, NET
Total number of stores
Selling space, eop, th. sq. m.
Selling space growth, th. sq.m.
Number of customers, million
Net retail sales, million RUR
Net retail sales, million US$3
3
4Q 2013
Based on the average exchange rate for 4Q 2014 - 47.4243 RUB per 1 USD, 4Q 2013 – 32.5334 RUB per 1 USD, 12M 2014 – 38.4217
RUB per 1 USD, 12M 2013 – 31.8480 RUB per 1 USD
LFL results
Formats
4Q 2014 - 4Q 20134
# of Stores
Average Ticket
Traffic
Sales
6,634
12.82%
3.77%
17.07%
Hypermarkets
152
10.83%
5.06%
16.43%
Magnit Family
34
11.96%
6.76%
19.53%
Drogeries
591
5.49%
23.08%
29.84%
7,411
12.41%
4.33%
17.28%
Convenience Stores
Total
Formats
12M 2014 - 12M 20134
# of Stores
Average Ticket
Traffic
Sales
6,014
9.81%
3.68%
13.85%
Hypermarkets
152
7.98%
5.63%
14.05%
Magnit Family
33
9.28%
8.87%
18.97%
Drogeries
500
3.76%
35.69%
40.79%
6,699
9.58%
4.47%
14.47%
Convenience Stores
Total
4
LFL calculation base includes stores (all formats), which have been opened 12 months prior to the last month of the reporting period.
i.e. by December 1, 2013.
For further information, please contact:
Timothy Post
Director, Investor Relations
Email: [email protected]
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: [email protected]
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 December 31, 2014, Magnit operated 27 distribution centers and over 9,700 stores (3,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately 2,100 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.