engl 2012 alfa group...euroset holding n.v. to 50%; in march 2013, alfa group sold its 25% stake in...
TRANSCRIPT
Alfa GroupAnnual Report 2012
CONTENTS
3 StatementbytheChairmanoftheSupervisoryBoardofAlfaGroupConsortium
6 AlfaGroup’sPrincipalCompanies
7 AlfaGroupFinancialHighlights
8 SupervisoryBoardofAlfaGroup
11 AlfaGroup’sInvestmentPhilosophy
13 Alfa-Bank
17 AlfaCapital
19 AlfaStrakhovanieGroup
21 TNK-BP*
22 A1
24 RosvodokanalGroup
25 Altimo
28 X5RetailGroupN.V.
30 SponsorshipandCharity
35 AwardsandRecognition
41 ContactInformation
44 SummarisedCombinedFinancialStatementsandIndependentAuditor’sReport
* In March 2013, Alfa Group sold its 25% stake in TNK-BP to Rosneft.
3
Despite the fact that economic growth in Europe, the U.S., Japan and China was
consistently disappointing, with Europe and Japan slipping back into double-dip
recessions, major equity markets around the world managed very acceptable gains
during 2012. The Russian market was no exception, registering a 6.5% gain for 2012.
On the economic front, 2012 was a mixed bag for Russia. On the positive side,
Russia enjoyed robust lending growth, a significant acceleration in construction and
infrastructure development, subdued unemployment, relatively low inflation (but
accelerating in latter half of 2012), and reasonable growth in household consumption
supported by fiscal spending. Also, Russia became a full-fledged member of WTO in
2012. On the negative side: disappointing progress on structural and administrative
reform agendas and the persistence of large net capital outflows.
Looking at 2013, domestic factors, while numerous, (decelerating retail trade growth,
lackluster producer sentiment and possible accelerating inflation) appear to have much
less scope to impact meaningfully on the Russian economy and financial markets than
do global factors. For the foreseeable future, financial markets will continue to struggle
with a volatile, fragile and confusing global economic climate. In particular, Russia
will continue to have considerable exposure to the sovereign debt crisis in Europe and
continuing concerns over a possible slowdown in China, both of which harbor the risks
of capital flight and a decline in oil prices and would likely drag on 2013 growth.
STATEMENT BY THE CHAIRMAN OF THE SUPERVISORY BOARD OF ALFA GROUP CONSORTIUM
“We are not bankers, nor are we oil or telecommunications or retail experts. We are investors. We do not have a business which we have been involved in all of our lives. We are people who are able to assess and anticipate certain market trends, understand which businesses will develop faster and which businesses will stagnate or decline and based on these considerations, we make competent investments. At the same time, we are not “silent” investors – we work hard on the companies we have invested in and we attract professional managers who we can trust. We know that someday we will leave these businesses and make other investments when we consider the price, time and place are right”.
Mikhail Fridman
4
Regardless of how global and domestic events continue to unfold, we are certain that
opportunities will continue to emerge from the historical changes that are now taking
place in world economies and markets. During 2012 and the first half of 2013 we were
busy taking advantage of these opportunities. Highlights include:
In January 2012, TNK-BP commenced offshore drilling operations on the Lan Do field
development project, 320 kilometers off the southern coast of Vietnam. The wells will
provide gas and condensate for power generation in Vietnam;
Starting in February 2012, A1 accumulated a controlling stake in LLC Holding M.Z.
(Holding of Machine Building Plants), the holder of CJSC Corporation Splav’s assets,
one of the largest manufacturers and suppliers of valves for nuclear engineering and
petrochemical plants, in Russia;
In April 2012, Altimo sold its entire 25.1% stake in OJSC “MegaFon” to a private investor
and to OJSC “MegaFon” for US $5.2 bln;
Starting in August 2012, Altimo, through a series of purchases (including a US $3.6 bln
purchase from Weather Investments II for an approximate 14.8% voting stake
in VimpelCom Ltd.), increased its voting stake in VimpelCom Ltd. to 47.85%;
In November 2012, Alfa-Bank (Belarus) agreed to purchase “BELROSBANK” from
OJSC JSCB “ROSBANK”. “BELROSBANK” is the 11th largest bank in Belarus in terms
of retail credit portfolio;
In December 2012, A1 sold its 34.83% stake in Systematica Group of Companies, one of
the leading providers of IT-services in Russia;
In December 2012, A1 merged its 100% interest in Kronverk Cinema chain with
Formula Kino (owned 55.66% by A1 through an earlier purchase). A1 has a combined
75% – 1 share interest in the combined holding which controls the 2nd largest number
of movie screens in Russia;
In December 2012, VimpelCom Ltd. purchased an additional 0.1% stake in Russia’s
largest handset retailer Euroset Holding N.V., thereby taking its ownership interest in
Euroset Holding N.V. to 50%;
In March 2013, Alfa Group sold its 25% stake in TNK-BP to Rosneft for US $13.86 bln;
In June 2013, Alfa Group’s shareholders established LetterOne Holdings S.A., a new
Luxembourg based investment vehicle which was seeded with US $15.36 bln. The
vehicle will invest initially in the oil & gas and telecommunications space but has an
unrestricted mandate allowing investment across virtually all geographies and industry
segments;
In June 2013, A1 provided financing in the amount of US $100 mln to ROUST Trading
Limited (“RTL”), a holding company of the Russian Standard Corporation, for the
financial and operational restructuring of the Central European Distribution Corporation
(“CEDC”), one of the world's largest vodka producers.
55
We believe strongly in the future of each of our companies as they are without exception,
well-managed, fundamentally sound businesses which are leaders in their respective
fields. While the excesses of the past continue to be purged from the system and while
investors, consumers and the markets at-large continue to search for a new
equilibrium Alfa Group and its companies, as always, will capitalize on the very best
opportunities which will present themselves.
On behalf of the Supervisory Board, I wish to thank all of our clients and business partners
for their unwavering trust and support. I would also like to express my appreciation to
Alfa Group’s management for their talented and continuing contributions.
Mikhail Fridman
23 July 2013
66
ALFA GROUP’S PRINCIPAL COMPANIES
Alfa Group Consortium is one of Russia’s largest privately owned financial-industrial investment conglomerates, with interests
in oil and gas*, commercial and investment banking, asset management, insurance, retail trade, telecommunications,
water supply and waste disposal, as well as other industrial-trade and special-situation investments. Alfa Group typically
focuses on value-oriented, longer-term opportunities, primarily in Russia and the CIS, but also invests in other markets which
form part of Alfa Group strategic business objectives.
AlfaStrakhovanie GroupOne of the largest Russian insurers with a diversified portfolio of insurance products.
Rosvodokanal GroupRegional leader in water-supply and waste disposal operating in Russia and Ukraine.
VimpelCom Ltd.International telecommunications company. Listed on US NYSE.
Turkcell**Leading wireless telecommunications service company in Turkey. Listed on Turkish IMKB and US NYSE.
PyaterochkaOne of the leading food retailers in Russia with a key position in the high-growth discounter segment.
PerekrestokOne of the leading supermarket chains in Moscow and other population centers in Russia and the CIS.
KaruselОne of the largest hypermarket operators in Russia.
E5.RUОnline retail channel.
Alfa CapitalIncludes Alfa Capital Management (“ACM”) and Alfa Capital Partners (“ACP”). ACM manages investment portfolios for a wide range of clients. ACP manages private equity and infrastructure investments.
AltimoOne of the largest private investors into wireless and fixed-line telecommunications companies in Russia, the CIS and other promising emerging markets.
X5 Retail Group N.V.One of the largest food retailers in terms of sales in Russia. Listed on London Stock Exchange.
Alfa-BankIncludes Alfa-Bank Russia, Alfa-Bank Ukraine, banks in the Netherlands, in Belarus and in Kazakhstan as well as presence in Cyprus, the United States and the United Kingdom.
TNK-BP*A major Russian vertically integrated oil and gas company.
А1One of the leading investment companies in Russia and the CIS.
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.** Investment in Turkcell is managed by Altimo and is owned by Alfa Finance Holdings S.A.
7
ALFA GROUP FINANCIAL HIGHLIGHTS
(Expressed in Millions of USD) 2012 2011 2010 2009 2008 (4)
Total Assets 82,598 64,753 59,900 48,372 51,877
Cash and Cash Equivalents 6,715 5,578 4,207 2,808 4,465
Investment in Joint Venture held-for-sale, Investments in Joint Ventures, Investments in Associated Companies, Investments Available for Sale, and Repurchase Receivables related to Investments Available for Sale 19,606 18,144 19,014 14,849 13,853
Long-term Funding (1) 10,121 10,157 10,250 4,101 5,318
Shareholders' Equity (2) 21,279 17,968 16,045 14,239 11,564
Profit (2) (3) 2,722 3,466 2,034 2,341 1,852
Dividends Paid (2) 192 407 156 - -
2012 2011 2010 2009 2008
Return on Shareholders' Equity 13.9% 20.4% 13.4% 18.1% 14.2%
Dividend Payout Ratio 0.07 0.12 0.08 - -
Debt to Equity Ratio (1) (2) 0.35 0.42 0.47 0.21 0.34
Debt to Total Assets Ratio (1) 0.12 0.16 0.17 0.08 0.10
Source: Annual audited IFRS combined financial statements of Alfa Group Consortium.
(1) Includes non-current borrowings, customer accounts and due to banks.(2) Amount attributable to the controlling shareholders (excludes non-controlling interest).(3) 2012 profit includes profit from both continuing and discontinued operations in the amounts of USD 1,278 million and USD 1,444 million, respectively.
2011 profit includes profit from both continuing and discontinued operations in the amounts of USD 1,844 million and USD 1,622 million, respectively. (4) 2008 statement of financial position captions and 2008 statement of comprehensive income captions were restated in the year ending 31 December 2009.
Source: Derived from annual audited IFRS combined financial statements of Alfa Group Consortium.
(1) Debt for purposes of this calculation is equivalent to Long-term Funding. (2) Equity for purposes of this calculation is Total Shareholders' Equity (includes non-controlling interest).
8
SUPERVISORY BOARD OF ALFA GROUP
The Supervisory Board of Alfa Group is the main consultative body of Alfa Group.
Mikhail FridmanChairman of the Supervisory Board of Alfa Group Consortium
Mr. Fridman, one of the original founders of Alfa Group Consortium, is Chairman of the Supervisory Board of Alfa
Group Consortium, one of Russia's largest privately owned financial-industrial conglomerates. Mr. Fridman is
a member of the Supervisory Board of VimpelCom Ltd. and of the Supervisory Board of X5 Retail Group N.V.
Mr. Fridman is a member of the Board of Russian Union of Industrialists and Entrepreneurs and the
International Advisory Board of the Council on Foreign Relations (USA). He graduated from the Moscow
Institute of Steel and Alloys in 1986. Mr. Fridman was born in Lvov, Ukraine in 1964.
German Khan Chairman of the Advisory Committee of Rosvodokanal Group
Mr. Khan is one of the original founders of Alfa Group Consortium. From 2003 to 2013, Mr. Khan served as
Executive Director of TNK-BP Management, also he was a member of the Management Board of TNK-BP
Management and of the Board of Directors of Slavneft. Mr. Khan serves as Chairman of the Advisory Committee
of Rosvodokanal Group as well as Chairman of the Advisory Committee of A1, also he is a member of the
Advisory Committee of Alfa Finance Holdings S.A. Mr. Khan graduated from the Moscow Institute of Steel and
Alloys. He was born in Kyiv, Ukraine in 1961. He is married and has four children.
Alexey Kousmichoff Member of the Advisory Committee of A1
Mr. Kousmichoff is an original founder of Alfa Group Consortium and a member of the Advisory Committee of
А1. Mr. Kousmichoff is also a member of the Advisory Committee of Altimo. Mr. Kousmichoff is a graduate of
the Moscow Institute of Steel and Alloys. Mr. Kousmichoff was born in Kirov, Russia in 1962.
9
Petr Aven Member of the Board of Directors of Alfa-Bank Russia
From 1994 to June 2011, Mr. Aven served as President of Alfa-Bank Russia. Mr. Aven was responsible for
the Bank's overall strategy and relations with business and government leaders in Russia and abroad. Prior
to joining Alfa-Bank Russia in 1994, Mr. Aven was Minister of Foreign Economic Relations for the Russian
Federation (1991-1992), serving as Russia's representative to the Group of Seven, and conducting a number of
high-level trade and economic missions to Western capitals. An economist by training, Mr. Aven spent several
years at the International Institute for Applied Systems Analysis in Laxenburg, Austria (1989-1991). Currently,
he is a member of the Board of Directors of Alfa-Bank Russia and Chairman of the Board of Directors at
OJSC "AlfaStrakhovanie". He is a trustee of the Boards of the Russian Economic School, of the center for
Economic Policy Research (CEPR) in Great Britain, and of the Pushkin State Museum of Fine Arts. He is a
member of the Presidium of Russian International Affairs Council (RIAC). He is also a professor at the
State University Higher School of Economics. Since April 2006, he has been a member of the Board of the
Russian Union of Industrialists and Entrepreneurs. In 2007, Mr. Aven became Chairman of the Russia-
Latvian Business Council. He graduated from the Moscow State University in 1977 and holds a PhD in
Econometrics. Mr. Aven was born in Moscow, Russia in 1955.
Andrei Kosogov Chairman of the Advisory Committee of Altimo
Since April 2006, Mr. Kosogov is Chairman of the Advisory Committee of Altimo and since 2003 he is a
member of the Board of Directors at OJSC "AlfaStrakhovanie". Mr. Kosogov is also a member of the Board
of Directors of Alfa Asset Management and a member of the Supervisory Board of Alfa-Bank Ukraine. From
November 2005 through June 2009, Mr. Kosogov acted as Chairman of the Supervisory Board of Alfa-Bank
Ukraine and from November 2005 through April 2011, Mr. Kosogov acted as Chairman of the Board of
Directors of Alfa Asset Management. Until May 2005 Mr. Kosogov was First Deputy Chairman of the
Management Board of Alfa-Bank Russia and Director of its Investment banking division. Mr. Kosogov
graduated from the Moscow Power Engineering Institute in 1987. He was born in Sillamaё, Estonia in 1961.
Alexander Fain General Director of A1
Mr. Fain graduated with honours from the Moscow Institute of Chemical Engineering, Engineering Department
in 1958. From 1958 until 1988 he was involved in a number of innovative engineering projects. Mr. Fain is the
author of more than 70 scientific articles, manuals, books, monographs, and patents. He also holds the honorary
title of active member of International Academy of Sustainable Development and holds a candidate's degree
and is a professor in the field of applied mathematics. Mr. Fain is often cited by the leading Russian business
periodicals as one of the most influential businessmen in Russia. He was born in Moscow, Russia in 1936.
Alexei Reznikovich Chief Executive Officer of Altimo
In 2002 Mr. Reznikovich joined the Supervisory Board of Alfa Group, where he was responsible for strategic asset
management. In June 2005 he was appointed Chief Executive Officer of Alfa Telecom (later re-named Altimo).
From June 2008 until April 2010 he served as Chairman of the Board of Directors of JSC VimpelCom. From April
2010 Mr. Reznikovich is a member of the Supervisory Board of VimpelCom Ltd. From 1993 to 2000 Mr. Reznikovich
worked in consulting company McKinsey & Co, and from 1998 he was a Partner in McKinsey & Co. In 2001,
he founded and acted as General Director of the internet cafe network Cafemax (Russia). Mr. Reznikovich is
a graduate of the Moscow State University, Economics Faculty and received his MBA from both Georgetown
University (USA) and INSEAD (France) in 1993. Mr. Reznikovich was born in Moscow, Russia in 1968.
10
Igor UdovichenkoChief Executive Officer of Rosvodokanal Group
Since July 2013, Mr. Udovichenko serves as Chief Executive Officer of Rosvodokanal Group. From 2008 to 2012,
Mr. Udovichenko held senior positions in the Presidential Administration of Russia and from 1992 to 2008, Mr.
Udovichenko held senior positions in various large private companies. Mr. Udovichenko was awarded the title
of Active State Advisor of the Russian Federation of the 2nd Degree and was awarded with the Order of Honour
by Decree of the President of Russia. Mr. Udovichenko graduated from the Kutafin Moscow State Law University
(MSAL), Law Faculty, and the Orenburg State University, Industrial and Civil Engineering Faculty. Mr. Udovichenko
was born in Orenburg, Russia in 1973.
Mikhail Khabarov President of A1 and Chairman of the Management Board of Alfa Capital Management
From October 2010 Mr. Khabarov is President of A1 and Chairman of the Management Board of Alfa Capital
Management. From 2006 to 2010 Mr. Khabarov served as CEO of Alfa Capital Management. Previously,
Mr. Khabarov was CEO of Allianz ROSNO Asset Management, and was First Deputy CEO and CFO of ROSNO
Insurance Company. Mr. Khabarov graduated from the Moscow Institute of Steel and Alloys in 1993. In 2001
Mr. Khabarov received his MBA (Financial Management) from Pepperdine University (USA). Mr. Khabarov was
born in Zlatoust, Russia in 1971. He is married and has three children.
Nigel Robinson Director of Corporate Development, Finance and Control – Alfa Group
Mr. Robinson joined Alfa Group in January 2000. His responsibilities include co-ordinating the financial control
and reporting of Alfa Group companies and corporate governance for the Group as a whole. Prior to joining Alfa
Group, Mr. Robinson was Senior Manager in the Audit and Business Advisory Group at PricewaterhouseCoopers
and spent six years with PwC in Moscow and St. Petersburg. Mr. Robinson is a British qualified Chartered
Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales. He was born in
Corringham, England in 1967.
Dmitry DorofeevDirector of Portfolio Management and Control — Alfa Group
Mr. Dorofeev joined Alfa Group in May 2012. His responsibilities include analysis and coordination of investment
and strategic planning of Alfa Group’s companies. In March 2013, Mr. Dorofeev was appointed as Chairman of the
Supervisory Board of X5 Retail Group N.V. Prior to joining Alfa Group, Mr. Dorofeev worked in McKinsey & Company
in Moscow from 2004. From 2000 to 2004, he also held various positions at Ernst & Young in St. Petersburg and
in Moscow. Mr. Dorofeev received his Master of Science at the Baltic State Technical University "Voenmeh"
D. Ustinov, Faculty of International Industrial Management. He also graduated from the Bod/o Graduate School of
Business in Norway, Faculty of International Business. Mr. Dorofeev qualified as a Chartered Certified Accountant
(ACCA) in 2004. Mr. Dorofeev was born in St. Petersburg in 1977.
11
ALFA GROUP’S INVESTMENT PHILOSOPHY
We rely on our investment philosophy to generate superior returns for our shareholders
over the long term, to promote sound corporate governance and business practices, and
to benefit our partners, counterparties, employees, the Russian consumer and society at
large.
• We are opportunistic investors.Simply stated, we are value-oriented investors. In evaluating any investment opportunity,
our investment philosophy is driven by the opportunity to purchase assets that, due to
perceived risk, low liquidity, disinterest or a lack of understanding on the part of market
participants, are undervalued.
• We believe the most attractive opportunities are in world emerging markets.Much of our past success has been the result of our comprehensive knowledge and
understanding of emerging markets, in particular, the Russian and CIS markets. We
believe there are still substantial opportunities in the world’s emerging markets and that
we are well placed to take full advantage of them.
• We typically take a longer-term view, in order to realize the full potential of ourinvestments.
We do everything necessary to develop our investments, thus making them more
attractive to a potential buyer. While we do not particularly welcome the inflexibility
of being wed to an investment for the longer term, we lower our risks by seeking
undervalued investments that provide ample down side protection and, when possible,
interim cash flows.
• We view co-operation with foreign investors and the attraction of foreign capitalas important to the development of our companies.
Foreign investors provide not only capital investment, but also the expertise which is
needed to successfully develop and realize the full value of our investments. We know
from experience that the failure to attract longer-term foreign investment will result in
under-developed assets and missed business opportunities. Also, with regard to exit
strategy, sale to foreign investors provides us with a logical and attractive means of exiting
our investments.
12
• First and foremost we are investors, not business managers.Companies of Consortium are independent entities and are given fairly wide latitude
to conduct their affairs. We do, however, actively advise and take decisions on
important strategic matters that have an impact on the shareholder value of our
companies. We also continually evaluate management and measure the financial
performance of our investments.
• We are guided by the philosophy of investing in only those companies that areleaders in their respective fields of business.
We require those in which we invest to be one of the top three in their business field or
with a clear potential to become one of the top three within a reasonable period. Where we
see that our investments are not meeting this criterion, we take active measures to divest
and free up our financial and management resources for more effective investments.
13
ALFA-BANK
Alfa-Bank Russia
Founded in 1990, Alfa-Bank Russia is developing rapidly and nowadays is one
of Russia’s leading privately owned banks. According to RosBusinessConsulting
research, Alfa-Bank Russia is the largest privately owned bank in terms of total
assets, total equity, loan portfolio and customer accounts. As a universal bank,
Alfa-Bank Russia is present in all key sectors of the financial industry with the
following core business lines: corporate аnd investment banking (including SME,
trade finance, structured finance, leasing and factoring), retail banking (including
consumer finance, retail lending and credit cards, current accounts and deposits
services through remote channels).
According to the strategy of Alfa-Bank Russia adopted in December 2011 the
strategic priority is to maintain its status as the leading bank in Russia, while
enhancing stability and profitability and to set the industry standards in keys areas
such as customer service, technology, efficiency and teamwork.
Alfa-Bank Russia has a mix of Western and Russian management which successfully
combines international standards of business and corporate management with
deep knowledge and expertise in the Russian market. Its franchise is supported
by an extensive distribution platform with multiple delivery channels, including in-
person service through branches and offices, and ATMs spread across Russia and
the CIS, as well as remote access through internet and phone.
Alfa-Bank Russia’s corporate and retail client base has grown during the last
several years – by 31 December 2012 Alfa-Bank Russia served approximately
82,000 corporate and 8.9 mln retail customers, while the branch network has been
extended to 511 branches across Russia and abroad, including a subsidiary in the
Netherlands. Besides, Alfa-Bank Russia has subsidiaries and presence in Great
Britain, the United States and Cyprus.
14
Alfa-Bank Russia’s creditworthiness is one of the highest among Russian private
banks. Currently, Alfa-Bank Russia’s ratings are Moody’s – Ba1 with stable outlook,
Standard & Poor’s – BB+ with stable outlook, and Fitch Ratings – BBB- with stable
outlook. In July 2012, Alfa-Bank Russia became the first privately owned bank in
Russia to be assigned a BBB- which is a bank survivability assessment by the
leading international rating agency Fitch Ratings.
As one of the top recognized brands in the Russian banking industry, in 2012 Alfa-
Bank Russia proved once again its leading position in Russia by winning numerous
awards – among which are best bank in the “Customer Experience Index” research
by PricewaterhouseCoopers and Senteo GmbH, and “Best Private Bank in Russia
in Terms of Wealth Management” by SPEAR’S Russia Wealth Management, and
award for high quality of international payments from 2006 until 2011 “Elite Quality
Recognition” by JP Morgan Chase Bank.
Key Highlights – Alfa-Bank Russia
2012* 2011* 2010* 2009*
Total Assets, billion US $ 45.9 31.4 28.5 21.6
Net Profit, million US $ 829.0 641.0 553.0 77.0
Total Equity, billion US $ 4.2 3.4 3.1 2.7
Loan Portfolio, billion US $ 30.6 21.8 16.8 13.4
Customer Accounts, billion US $ 26.8 18.3 16.8 13.7
Number of Branches 511 465 364 326
Number of Personnel 21,231 17,174 15,349 13,211
Source: Alfa-Bank Russia audited IFRS financial statements or company data.
* Includes results of ATB.
15
Alfa-Bank Ukraine
Alfa-Bank (Ukraine), one of the largest privately owned banks in Ukraine, is a universal
commercial bank with operations in all key sectors of banking business. In 2012, Alfa-
Bank Ukraine transacted actively on the national M&A market. At the end of 2012, the
total retail portfolio of Alfa-Bank Ukraine amounted to US $350 million.
The Bank enjoys recognition as a financial institution with a solid reputation, one that
offers reliable, convenient and innovative banking services to its customers. In 2012, Alfa-
Bank Ukraine served approximately 684,000 retail customers. Steady growth of deposit
savings by private individuals since 2007 is a demonstration of client loyalty.
This combination of international business standards and deep knowledge of the
Ukrainian market gives Alfa-Bank Ukraine a unique advantage. Ukraine’s core industrial
companies are among corporate clients of Alfa-Bank Ukraine.
Alfa-Bank (Ukraine) supports the projects, which target promotion of the national heritage,
as well as maintenance of international cultural bonds. Alfa Jazz Fest, the international
jazz festival in Lviv, is a significant partner project.
The Bank’s key positions in the Ukrainian banking sector were recognized by numerous
ratings and surveys. The Bank has been assigned credit ratings by two international
rating agencies Standard & Poor’s and Fitch Ratings.
Amsterdam Trade Bank N.V. (“ATB”)
Amsterdam Trade Bank N.V. (“ATB”) was incorporated in October 1994 in Amsterdam,
the Netherlands, and holds a full banking license from the Dutch Central Bank. In March
2001, Alfa-Bank Russia acquired a 100% interest in ATB. ATB aims to be the bank of
choice for financial interactions between the CIS and the European Union. ATB has made
important steps towards implementing and executing the newly established strategy with
a main focus on commercial lending, structured trade finance and treasury.
Alfa-Bank Belarus
In June 2008, a controlling stake in Mezhtorgbank, one of the leading banks in Belarus, was acquired. In November 2012, Alfa-Bank (Belarus) agreed to purchase
“BELROSBANK” from OJSC JSCB “ROSBANK”. “BELROSBANK” is the 11th largest
bank in Belarus in terms of retail credit portfolio. As a result the number of retail
customers of Alfa-Bank Belarus increased twice and amounted more than 200,000
and the number of offices amounted to 44 as of 31 December 2012. The acquisition
of “BELROSBANK” allowed Alfa-Bank Belarus to reach a new level of development
and retain its position as one of the largest private banks in Belarus.
16
Alfa-Bank Kazakhstan
Alfa-Bank Kazakhstan was established in December 1994 and has become one of the most
reliable and progressive banks in Kazakhstan. It is a full-service bank which guarantees high
quality and timely services to corporate and individual clients. The Bank, the head office of
which is located in Almaty, has five branches in Astana, Aktau, Atyrau, Ust-Kamenogorsk and
Pavlodar as well as three representative offices in Karaganda, Uralsk and Petropavlovsk. In
2012, Alfa-Bank Kazakhstan served more than 31,000 retail customers.
Presence of Alfa-Bank
Alfa Capital Holdings (Cyprus) Ltd. – London (branch); Alfa Capital Holdings (Cyprus) Ltd. – Nicosia; Alforma Capital Markets Inc. – New York;
Amsterdam Trade Bank N.V. – Amsterdam
For more detailed information please refer to Alfa-Bank web-site: www.alfabank.com
17
ALFA CAPITAL
Alfa Capital Management
Established in 1996, Alfa Capital Management (“ACM”) is one of the largest professional
companies operating on the Russian asset management market. ACM’s main lines
of business include individual trust asset management of major private investors,
asset management of mutual investment funds, non-state pension funds, insurance
companies, endowment funds, international funds and pension funds.
Alfa Capital Management at a Glance
• Well-established and reputable partner grounded on a diversified and growing
portfolio of profitable businesses (mutual funds (including hedge funds and fund of
funds), pension funds, individual trust asset management (including folio – brokerage
type services) and international funds);
• Proven, multinational team with deep experience in both emerging and OECD
(Organization for Economic Cooperation and Development) capital markets;
• ACM product range encompasses 23 mutual investment funds (including equity,
debt, index, sector-specific, specialized, real estate funds, hedge funds and fund of
funds);
• ACM manages the funds of nine non-state pension funds, the funds of two insurance
companies and four endowment funds;
• Assets under management amounted US $2.77 bln at 31 December 2012;
• ACM was awarded AAA rating (maximum reliability rating) from National Rating
Agency and A++ (exceptionally high/highest level of reliability and service quality)
from the Russian Rating Agency Expert RA;
• Irina Krivosheeva, CEO of Alfa Capital Management, and five top-managers of Alfa
Capital Management rank among "Top-1000 Most Professional Top-Managers of
Russia" as rated by Association of Managers in Russia in 2012. Also in 2012 ACM
won "Company of the Уear – Client-Oriented Company" by Company magazine.
ACM’s Assets Under Management on 31 December 2012
For more detailed information please refer to Alfa Capital Management web-site: www.alfacapital.ru
18
Alfa Capital Partners
Alfa Capital Partners (“ACP”), a private equity and infrastructure investment advisory
company, established in 2003, advises funds that invest in leading companies and
infrastructure in Russia and Ukraine. International institutional and private investors
from North America, Europe, Asia and Middle East, multilateral institutions (EBRD, IFC)
as well as Alfa Group Consortium originally committed US $701 million to three funds
managed by ACP, targeting private equity, real estate and infrastructure opportunities in
the region. Marbleton Property Fund, L.P., real estate fund previously managed by ACP,
sold its last investment in 2012 and is planned to be closed by the end of 2013. Currently,
ACP is focused on maximizing the value of portfolio companies in two remaining funds
(Alfa Private Equity Partners, L.P. and The Great Circle Fund, L.P.) with intention to exit
all investments by 2015. ACP efforts are focused on active management of the portfolio
to derive maximum results for foreign investors and Alfa Group Consortium.
Private Equity Fund Alfa Private Equity Partners, L.P. (“APEP”) is a closed end fund with US $200 million
in original commitments. APEP’s investment strategy is to provide equity capital to
companies which are emerging leaders in the new economy in Russia, Ukraine and the
CIS. The Private Equity Fund made its first investment in February 2006, acquiring a
stake in Russia’s leading chain of upscale fitness clubs, Russian Fitness Group (includes
World Class and FizKult). In 2007, the Private Equity Fund made three investments:
entering Russia’s fast-growing auto market through the Independence Group (in 2010 the
Independence Group acquired Avtoland in the Urals, via debt restructuring), launching
a mortgage business, IpoTek Bank (in 2009 ACP sold the investment in IpoTek Bank),
and acquiring a controlling interest in a popular mid-market Russian cuisine restaurant
chain Elki-Palki (in March 2012 ACP sold the investment in Elki-Palki). Currently, ACP
is now focused on maximizing the value of its two remaining portfolio companies –
Russian Fitness Group and the Independence Group.
Infrastructure Fund The Great Circle Fund, L.P. (“GCF”) is a closed end fund which originally had US $180
mln in funds under management, with sponsorship and leverage financing from the
US Government’s Overseas Private Investment Corporation. GCF’s mandate is to invest
in maritime transportation and transportation infrastructure in Russia and Ukraine. In
2009, the fund underwent a reorganization, and an agreement was reached, by which
ACP was appointed investment manager and an affiliate was appointed General Partner.
The restructuring was completed in April 2010. The investment period of the fund ended
in September 2010. In July 2011, ACP sold its convertible loan to Caspian Services Inc.
In December 2012, GCF jointly with its Turkish partners sold 100% interest in Balnak
Logistics Group to Borusan Holding. ACP plans to exit its two remaining investments by
the end of 2015.
For more detailed information please refer to Alfa Capital Partners web-site: www.alfacp.ru
19
ALFASTRAKHOVANIE GROUP
AlfaStrakhovanie Group (the “Group”), one of the largest Russian insurers with
a diversified portfolio of services comprising both comprehensive business insurance
coverage and an extensive range of retail insurance products, has presence in Ukraine
and more than 400 offices and branches across Russia.
Clients
AlfaStrakhovanie Group has built its relationships with customers on principles of
equal partnership and mutually advantageous cooperation. The principal customers
of the Group are top domestic banks, major ship owners and forwarders, nuclear
power plants, metal and engineering plants, as well as representative offices of
the largest foreign companies, public and governmental agencies and institutions as
well as individual clients. Today, the Group’s customers number more than 16.5 million
individuals and more than 390,000 companies.
Products
AlfaStrakhovanie Group has an immense experience in working with enterprises and
institutions of various types and calibers. The Group provides complex individual, tailored
insurance programs for corporate customers, taking into account the business specifics
of each customer. Insurance products offered to the corporate customers include property
insurance, cargo insurance, motor insurance, health insurance for employees, liability
and financial risks insurance. The Group successfully markets a wide scope of products
to private individuals including compulsory motor third-party liability insurance, motor
insurance, property insurance, life insurance, travel insurance, mortgage insurance,
accident insurance and innovative mass insurance products.
Reinsurance
Alfastrakhovanie Group has long-term relations with the largest reinsurance corporations
in the world (Munich Re, Swiss Re, Hannover Re, Gen Re, Partner Re, SCOR, Lloyd’s
of London) and in Russia and can quickly and reliably reinsure almost any risk in both
the Russian and international insurance markets.
Reliability
AlfaStrakhovanie Group has the highest rating of reliability (A++) from Russian rating
agency “Expert RA” and "A+(rus)" by Fitch Ratings. In 2012 AlfaStrakhovanie Group won
the award "Golden Salamander" in five categories: "Insurance Internet Project of the
Year", "Insurance E-Commerce Project of the Year", "New Insurance Product", "Voluntary
Health Insurance" and "Liability Insurance".
20
Key Highlights – AlfaStrakhovanie GroupOver the past few years AlfaStrakhovanie Group has strengthened its position in
the Russian insurance market:
2012 2011 2010 2009
Premiums collected, mln US $* 1,341 1,151 795 590
Number of contracts concluded, in units* 4,947,604 3,683,001 2,256,796 2,158,821
Source: Сompany data.* Excluding compulsory health insurance.
Structure of AlfaStrakhovanie’s Insurance Portfolio 2012
For more detailed information please refer to AlfaStrakhovanie Group web-site: www.alfastrah.ru
21
TNK-BP* (as of the date of 2012)
TNK-BP is one of the leading vertically integrated Russian oil and gas companies which
was created in August 2003, as the result of the merger of the Russian companies Tyumen
Oil Company (TNK), SIDANCO and ONACO with many of BP’s oil and gas assets in Russia.
The Company is owned and managed by BP (50%) and by Alfa Group Consortium (25%),
and Access Industries and Renova Group (25%). The same shareholders also own close
to 50% of Slavneft, a vertically integrated Russian oil company which is managed as an
independent company. TNK-BP’s strategy is to build a world-class company in Russia
with a strong focus on growth of the production output, margin enhancement, renewal
and the introduction of new technologies. Another of TNK-BP’s goals is to monetize its
substantial portfolio and increase the share of gas to 20% of total production by 2020. In
accordance with the agreed strategy, in October 2010 TNK-BP acquired various stakes in
BP’s oil assets in Venezuela and in infrastructure projects and gas assets in Vietnam. Also
in October 2011 TNK-BP signed a farm-in agreement and a joint operating agreement
with Brazilian company HRT O&G in which TNK-BP acquired a 45% stake in the Solimoes
Basin project in Brazil.
TNK-BP at a Glance (US $ mln unless otherwise stated)
2012
Total Oil and Gas Production (mboe/d) 2,023
Total Proved Reserves (PRMS, mln boe) 15,376
Proved Reserves (SEC LOF, bln boe) as 31.12.2012 9.8
Gross Revenue 60,450
Net Income** 7,584
Capex (organic) 5,929
Petrol Stations 1,151
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.
** Profit for the period attributable to Group shareholders.
22
A1
A1 is the key investment division of Alfa Group Consortium and one of the leading players
on the investment markets in Russia and the CIS. The company focuses on two types of
investment projects: special situations (complex corporate or financial cases) and growth
strategies. A1 makes equity investments in various industries, pursuing the interests of its
shareholders, clients and partners. A1 focuses on creating stable competitive companies,
implementing effective corporate management models and originating new businesses
within Alfa Group Consortium. Alfa-Bank Russia, TNK, VimpelCom, Perekrestok and
Rosvodokanal Group were originally A1 projects that later became strategic businesses
for Alfa Group Consortium as well as core companies for the whole Russian economy.
THE MAIN CURRENT PROJECTS OF A1
Formula Kino Movie theater chain (Russia and Ukraine) In December 2012, A1 merged its 100% interest in Kronverk Cinema chain with 55.66%
interest in Formula Kino. A1 has a 75% -1 share interest in the combined holding company
which controls the 2nd largest number of movie screens in Russia (237 movie screens in
Russia and 17 movie screens in Ukraine). The combined company is a market leader in
Russia’s largest cities: Moscow and St. Petersburg.
Independence Group One of the major auto dealers in Russia (sells Audi, BMW, Volkswagen, Land Rover, Jaguar, Volvo, Mazda, Ford and Peugeot) A joint project of A1 and Alfa Capital Partners since 2007 is one of the largest auto dealers
in Russia. The short-term plans of the company include developing alliances with the
other dealerships and increasing the share of services in total revenue.
BelMarket Retail chain of grocery supermarkets in Belarus BelMarket, established in 2007 with an aim to develop a national chain of supermarkets
in Belarus, became a leader on the highly promising market of grocery retail in Belarus.
The International Finance Corporation (IFC) is a co-investor in Belmarket.
Sofiyskaya EmbankmentDevelopment project on the Sofiyskaya Embankment in Moscow Ambitious development project on a land lot located on the Sofiyskaya Embankment in
Moscow. The land is held under a 49-year lease from the city of Moscow allowing A1 to
build a multifunctional hotel and office complex with apartments with a gross area of up
to 47,000 square meters.
Moscow Tire Plant Leading tire producer in Russia In August 2012, А1 acquired 29.17% of voting shares of OJSC “Moscow Tire Plant” (MTP).
А1 will act as an authorized seller of 66.6% of voting shares of MTP, currently held by the
Moscow City Property Department. The acquisition of a significant stake of MTP shares
and the status of an authorized seller provide A1 with a possibility to participate in an
ambitious program of Moscow city redevelopment.
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Splav Corporation One of the largest manufacturers and suppliers of valves for nuclear engineering and petrochemical plants in RussiaStarting in February 2012, A1 accumulated a controlling stake in LLC Holding M.Z.
(Holding of Machine Building Plants), the holding company of CJSC Splav Corporation
assets, one of the largest manufacturers and suppliers of valves for nuclear engineering
and petrochemical plants in Russia.
Joint Venture of A1 and IBRC (The Irish Bank Resolution Corporation) Joint venture of A1 and IBRC acting to recover assets in the interests of IrelandA joint venture of A1 and the Irish Bank Resolution Corporation was created in 2012 to
return real estate properties located in Russia and Ukraine and belonging to the Irish
state which were used as collateral for earlier loans. A1 is the first Russian company to
act on behalf of a state-owned foreign bank to regain control over distressed real estate
property assets.
2012 Significant Events
Kronverk Cinema/Formula Kino Merger of 100% interest in Kronverk Cinema chain with 55.66% interest in Formula Kino
Systematica Group of Companies Sale to current shareholders of SystematicaGroup of Companies
Gras Group of Companies Sale to principal shareholders of Gras Group of Companies
For more detailed information please refer to A1 web-site: www.a1.com
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ROSVODOKANAL GROUP
Rosvodokanal Group (RVK), the leading private operator of water supply and sewage in
Russia, has 64 years of experience of management in the municipal water industry in
Russia. Since Alfa Group’s investment, RVK has been reorganized into an inter-regional
holding company, which combines a national operating company, management companies
operating local water supply systems, and service engineering and construction companies
of water supply and sewage. Rosvodokanal Group has introduced an extremely promising
public-private partnership model, attractive to both municipalities and investors. RVK’s
business model allows municipalities, being the owners of the enterprises, to move
quickly to free-market operation by recruitment of effective and professional management
team.
In 2012, RVK serviced approximately 6.7 mln people and managed water supply assets
in Orenburg, Barnaul, Voronezh, Krasnodar, Omsk, Tyumen, Tver and Lugansk region
(Ukraine). Over 16,500 employees work in RVK.
RVK has a proud history of cooperation with international and local investors. In
particular, RVK has a long relationship with the European Bank for Reconstruction and
Development (EBRD). At 31 December 2011, RVK has a bi-lateral loan outstanding with
the EBRD in the amount of RUB 1.37 bln (US $42.6 mln) maturing in 2021. Also, RVK has
unutilized borrowing facilities with the EBRD in the amount of RUB 1.5 bln (US $47 mln)
maturing in 2024. Additionally, RVK has local corporate bond obligations outstanding at
31 December 2011 of RUB 3.0 bln (US $94 mln) maturing in 2013. From 2007 to 2016,
RVK approved investment projects in the total amount of RUB 22.0 bln.
Rosvodokanal Group was the first company in its industry in Russia to prepare IFRS
financial statements and to conduct an international audit of its water supply systems.
RVK was assigned a BB- with stable outlook by the leading international rating agency
Fitch Ratings.
In 2012, three enterprises of RVK (Krasnodar Vodokanal, Barnaul Vodokanal and
OmskVodokanal) won awards in All-Russian contest held by the Ministry of Regional
Development of the Russian Federation.
Source: Rosvodokanal audited IFRS financial statements.
For more detailed information please refer to Rosvodokanal Group web-site: www.rosvodokanal.ru
25
ALTIMO
Altimo is one of the leading investment companies with interests in Russia, the CIS,
Europe, Asia and Africa, operating in the field of mobile and fixed-line communications.
Through substantial managing stakes in two major telecoms companies, Altimo had a
presence in 24 world markets in 2012. Together, Altimo’s investee companies serviced
approximately 283 million mobile phone subscribers in 2012. In April 2012, VimpelCom
Ltd. announced that it signed an agreement to sell its entire indirect 49% stake in GTEL
Mobile Joint Stock Company to GTEL Transmit and Infrastructure Service One Member
Company Limited in Vietnam.
Altimo’s Strategy
Altimo focuses on three main strategic objectives: managing its existing asset portfolio;
entering new markets; and consolidating assets to create a leading telecom company
on the emerging markets of the world. Altimo works with the senior management of the
companies in which it invests to unlock each company’s full potential and to increase the
value of its assets. Altimo does not plan to exit its investments in the medium-term.
Altimo is a financial investor and normally takes substantial minority positions in
companies which do not have a controlling shareholder. This form of balanced corporate
governance allows the management of the mobile operator to operate independently
and in the interest of all shareholders of the company.
Altimo is attracted by countries with large populations, low mobile penetration rates, a
high GDP growth rate and little competition. These criteria are met in Asia and Africa,
where Altimo is actively seeking new investment opportunities.
Altimo seeks to further restructure its investment portfolio in order to create one of the
leading mobile telecoms emerging markets players. By optimizing its asset portfolio,
Altimo will ensure that it remains a prominent force in the international mobile telecoms
market.
While targeting the East for investment, Altimo is also considering opportunities in the West
in its business strategy. Recognising that the global telecoms industry is in the process
of consolidation, Altimo seeks to establish strategic partnerships with top tier European
GSM operators. This model creates a leading alliance in mobile telephony, benefiting from
the operational experience of the European partner and the emerging market investment
expertise of Altimo.
26
Our Assets
VimpelCom Ltd.In October 2009, Telenor ASA and Altimo announced an agreement to combine their
common assets in VimpelCom and Kyivstar to create a leading emerging markets
mobile operator, VimpelCom Ltd.
In April 2011, VimpelCom Ltd. merged with Wind Telecom S.p.A. creating the sixth
largest mobile telecommunications carrier by subscribers in the world.
VimpelCom Ltd. provides voice and data services through a range of wireless,
fixed and broadband technologies. As of 31 December 2012, VimpelCom Ltd. is
headquartered in Amsterdam and has operations in Russia, Ukraine, Kazakhstan,
Uzbekistan, Tajikistan, Georgia, Armenia, Kyrgyzstan, Cambodia, Laos, Algeria,
Bangladesh, Canada, Italy, Pakistan, Burundi, Zimbabwe and Central African
Republic covering territory with a total population of about 780 million with 214
mln subscribers. VimpelCom Ltd. operating companies provide services under the
"Beeline", "Kyivstar", “Djuice”, “Wind”, “Infostrada”, “Mobilink”, “Leo”, “Banglalink”,
“Telecel” and “Djezzy” brands. VimpelCom Ltd. is traded on the New York Stock
Exchange under the symbol "VIP". As of 31 December 2012, Altimo owned 47.85%
of the voting shares of VimpelCom Ltd, economic interest was 52.7%.
VimpelCom Ltd.’s reporting structure is divided into five business units – Europe
and North America, Russia, Ukraine, the Commonwealth of Independent States
(CIS), and Africa and Asia, all of which report to the Company’s headquarters in
Amsterdam.
27
Turkcell*Turkcell Iletisim Hizmetleri A.S. began operating GSM mobile communication services on
the Turkish market in 1993 and is the current market leader. With its 35.1 mln subscribers,
Turkcell is not only the leading operator in Turkey, but is also the regional market leader
in five countries out of nine it operates. The subscriber base of Turkcell (including Fintur,
Astelit, BeST, KKTCell and Turkcell Europe) amounted 69.2 mln as of December 2012.
Turkcell’s activities in Azerbaijan, Kazakhstan, Georgia and Moldova through Fintur, has
increased the number of subscribers in these countries to 21.2 mln as of December 2012.
Number of subscribers in Belarus through BeST amounted 1.1 mln as of December 2012.
Turkcell is also the majority shareholder in Astelit, one of the largest Ukrainian mobile
telephone network operators with 11.1 mln of subscribers. Number of subscribers of
Turkcell Europe with its operations in Germany amounted 0.3 mln as of December 2012.
The subscriber base of KKTCell through its operations in the Northern Cyprus amounted
0.4 mln as of December 2012.Turkcell is quoted on the Istanbul Stock Exchange (IMKB)
and the New York Stock Exchange (NYSE) since 11 July 2000. As of 31 December 2012,
Alfa Finance Holdings S.A., a company affiliated with Altimo, owned 13.22% in Turkcell.
* Owned by Alfa Finance Holdings S.A. and managed by Altimo under a management agreement.
Total Subscribers, mln
60
181
64
20563
88
62
100
34
59
39
77
55
87
69
214
** In April 2010 VimpelCom and Kyivstar were combined to create VimpelCom Ltd. Information above combines VimpelCom and Kyivstar for all years presented Also, in April 2011 VimpelCom Ltd. merged with Wind Telecom S.p.A. Information above combines VimpelCom Ltd. and Wind Telecom S.p.A. for 2010.
For more detailed information please refer to Altimo web-site: www.altimo.org
28
X5 RETAIL GROUP N.V.
X5 Retail Group N.V. (“Group” or “X5”) is one of the largest food retailers in Russia in
terms of sales. X5 uses a multi-format strategy to simultaneously develop several retail
formats: the (soft) discounter chain under the Pyaterochka brand, the supermarket
chain under the Perekrestok brand, the hypermarket chain under the Karusel brand,
the online retail channel under E5.RU brand and convenience stores under various
brands. The Group was created on 18 May 2006 as a result of a merger between the
leading national supermarket chain Perekrestok and one of the largest Russian soft
discounter chains Pyaterochka. In June 2008 the Group acquired Karusel hypermarket
chain and substantially strengthened its position in the Russian hypermarket segment.
In December 2010 the Group acquired Kopeyka soft discounter chain (later re-branded
to Pyaterochka and Perekrestok) to reinforce its position in the Russian soft discounter
segment. The Group’s shares are traded on the London Stock Exchange (LSE) under
the ticker “FIVE”.
X5 Retail Group N.V. Today
The Group today is one of the largest multi-format operators with significant regional
presence. As of 31 December 2012, X5 had 3,802 company managed stores located
in Moscow, St.Petersburg and other regions of European Russia, Urals and Ukraine,
including 3,220 soft discounter stores, 370 supermarkets, 78 hypermarkets and 134
convenience stores. As at 31 December 2012, the Group’s franchisees operated 422
stores across Russia. In 2012 the Group’s consolidated Net Sales reached US $15.8
bln – 2% higher than in 2011. X5 total net trading area amounted to 1,969,700 m2 as at
31 December 2012 and its number of customer visits during 2012 totaled over 1.8 bln.
Approximately 109,000 people work in the Group.
Strategy and Key Goals
The Group’s key strategic objective is to become the main consolidator of the Russian
food retail market and the absolute leader of Russian retail, able to compete with
leading international chains as an equal. The strategy relies on multi-format growth and
regional expansion from organic growth and M&A transactions, with a particular focus on
the fast-growing soft discounter segment. Investments into the development of logistics
infrastructure and IT-systems upgrade support the Group’s plans of development and
strengthen its competitive position in the long-term. The Group’s overriding goal is to
provide shareholders with the best return on investment in the industry. The acquisition of
Kopeyka soft discounter chain in 2010 (later re-branded to Pyaterochka and Perekrestok)
strengthened X5's position in soft discounter segment in Russia.
29
N.Novgorod
Voronezh
Penza
NovorossiyskRostov-na-Donu
Vologda
Ekaterinburg
St. Peterburg
Kazan
Yoshkar-Ola
Toglyatty
Tyumen
VelikyNovgorod
Key Highlights – X5 Retail Group N.V.:
2012 2011 YOY Growth
Net Sales, mln US $ 15,795 15,455 2.2%
Gross Profit, mln US $ 3,724 3,679 1.2%
EBITDA, mln US $ 1,124 1,130 (0.6%)
Number of customers, bln 1.8 1.6 12.5%
Number of stores* 3,802 3,002 26.6%
Source: X5 Retail Group N.V. audited IFRS financial statements and Annual Report.
* Excluding franchisees.
For more detailed information please refer to X5 Retail Group N.V. web-site: www.x5.ru
Number of stores as of 31 December 2012 (excluding franchisees)
Moscow & the Central region – 1,761;
St. Petersburg & North-West – 562;
Centralno-Chernozemny – 219;
Volga-Vyatsky – 270;
Sredne-Volzhsky – 218;
Privolzhsky – 197;
Urals – 360;
South – 203;
Ukraine – 12.
TOTAL — 3,802*
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SPONSORSHIP AND CHARITY
Serving Our Communities
Alfa Group and its companies are known for their multi-year tradition of charitable
activities and for the patronage of Russia’s historical, cultural and spiritual heritage. While
we aim to achieve leadership in all the businesses we operate, we strive not to lose sight
of the importance of giving back to the society and communities in which we do business.
Our policy is not to impose global social programs on our managers but to empower them
to decide what is right for their businesses and the local societies where they operate. So
while the challenges we address are global, such as education, culture, health, and the
environment, the emphasis given to each of these themes differs from region to region.
Through constant efforts to create the conditions for a flourishing society, we are also
laying the foundations for our own long-term success.
Humanitarian Activities
Supermarket chain “Belmarket” (A1 project) donated financial assistance to veterans•of World War II, a youth center and schools in Belarus.
Alfa-Bank Russia, AlfaStrakhovanie Group, X5 Retail Group N.V. and VimpelCom Ltd.•are partners of the “Life Line” charitable fund for helping severely ill children. Foreign
and Russian companies, and individuals have donated more than US $7.5 million over
the life of the program.
Alfa Capital Management together with the charitable fund “Kind Planet” rendered•sponsor support to a special boarding school in Almazovo in the Moscow region.
Independence Group (A1 project) donated financial assistance to the charitable fund•“Russian Kids”.
Within the “If Each of Us Will Donate Small Change” charitable campaign, Systematika•Group (A1 project) financed children suffering from cerebral palsy.
X5 Retail Group N.V. provided financial assistance to the Russian Red Cross in the•amount of RUR 40 mln to support retirees, orphans and disabled persons in different
regions of Russia.
Within the “Do More for Children” charitable program, Alfa Capital Management•provided a special orphanage No.11 and a boarding school in Safonovo in the Smolensk
region with computers. Also, Alfa Capital Management organized excursion to the
Moscow Zoo for 33 orphans from Urshel in the Moscow region and Gus-Khrustalny in
the Vladimir region.
Alfa Capital Management and VimpelCom Ltd. rendered sponsor support to the•“Podari Zhizn” fund for helping children suffering from cancer. Besides, VimpelCom
Ltd.’s employees donated blood to the “Podari Zhizn” fund.
Alfa-Bank Ukraine provides financial support to an orphanage in Vasilkov in the Kiev•region.
31
Alfa-Bank Belarus financed a special boarding school in Begoml, orphanage and a•special nursery No.15 for hearing impaired children in Gomel, remedial developmental
and rehabilitation centers in Bobruisk and in Mozyr.
TNK-BP* rendered sponsor support to the charitable fund “Zaschita”.•
Supermarket chain “Belmarket” (A1 project) and Alfa-Bank (Belarus) financed an•orphanage in Grodno.
Independence Group (A1 project) and Alfa Capital Management rendered financial•assistance to the Federal Science and Clinical Centre named after Dmitry Rogachev.
LLC “Tver Vodokanal” (subsidiary of Rosvodokanal Group) donated money to a children’s •rehabilitation center in Tver.
Within the “Christmas Miracle” annual charitable program, Alfa-Bank Russia provided•humanitarian assistance to orphanages and boarding schools in Russia.
Cinema chain “Kronverk Cinema” (A1 project) organized charitable film screening for•orphanage in Murmansk.
Within the “Help to Get Ready for School!” charitable campaign, Alfa-Bank Russia•provided humanitarian assistance for children of sponsored orphanages in Russia.
Within the charitable campaign “A Call to Brother-Soldier”, VimpelCom Ltd. and•Kyivstar provided free calls to the veterans of World War II.
As part of the Children’s Day Alfa-Bank Russia ran a contest of volunteer campaigns•among Alfa-Bank Russia’s employees.
VimpelCom Ltd. within the Sponsored Children’s Organization Program financed•orphanages, boarding schools, hospitals and 50 sponsored organizations.
Within the program aimed at overcoming the problem of social exclusion of elderly•single people, Kyivstar donated money to eight geriatric centers in Ukraine.
Alfa Capital Management rendered financial assistance to the veterans of World War II•and Children’s hospice in St. Petersburg.
Kyivstar’s employees took part in the charity marathon “Marathon Beneath Chestnut•Trees” to raise money for children suffering from congenital heart disease.
LLC “Tyumen Vodokanal”, LLC “Orenburg Vodokanal”, LLC “Tver Vodokanal”,•JSC “OmskVodokanal”, LLC “Barnaul Vodokanal”, LLC “RVK-Voronezh” and LLC
“Krasnodar Vodokanal” (subsidiaries of Rosvodokanal Group) donated financial
assistance to veterans, disabled children and children suffering from cerebral palsy in
Tyumen; orphanage and social shelter “Springlet” in Orenburg; veterans and disabled
children in Tver; “Rainbow” children charitable fund and orphanage No.1 in Omsk; the
Altai regional branch of the All-Russian public charitable fund “Russian Children’s
Fund” and animal shelter “Kindness” in Barnaul; orphanage and boarding school No.9
in Voronezh and veterans in Krasnodar.
* In June 2013, Alfa Group sold it’s 25% stake in TNK-BP to Rosneft.
32
Within the “Wish Tree” charitable campaign, VimpelCom Ltd. donated financial•assistance to orphanages and boarding schools in Russia.
Alfa-Bank Russia together with the interregional social organization “Heroes of the•Soviet Union, Heroes of the Russian Federation and Full Cavaliers of the Order of
Glory” made presents to the heroes of World War II by Defender’s Day and Victory Day
in Moscow.
Education Support and Talent Development
TNK-BP* rendered sponsor support to the A. Gorchakov school (the Tsarskoye•Selo Lycee) in Pavlovsk and also donated financial assistance for the New Martyrs
and Confessors Church construction on the territory of the Sretensky Stavropegial
Monastery and repair of St. Vladimir's Cathedral in Sevastopol.
Since 1995, Alfa-Bank Russia has financed the Alfa Chance Program. Within this•program gifted school graduates from different regions of Russia receive scholarships
to study at the National research university “Higher School of Economics”.
Within the Alfa Fellowship program financed by Alfa-Bank Russia, young American•specialists undergo on-the-job training at private companies and state and public
institutions of Russia. The aim of this program is to promote and reinforce social and
cultural relations between Russia and the USA.
Within the “Third Generation” program, 98 best students of higher education institutions •in Russia received on-the-job training at VimpelCom Ltd.
Being founders of Excellence in Foreign Investment award, Alfa-Bank Russia together•with the Oxford Said Business School awarded Renault in Russia in 2012.
Within the “Children’s Safety in the Internet” educational program, VimpelCom•Ltd. and Kyivstar hold seminars and forums for parents on children’s safety in the
Internet, published lists of recommended and forbidden websites for children, and
also produced mobile software “Parents’ Control” for ensuring children’s protection
from harmful internet websites.
Within the “Mobile Literacy” educational program, VimpelCom Ltd. and Kyivstar•launched websites with a description of mobile and internet fraud cases, ways to
prevent fraud and hot-lines for complaints.
Support for Culture and National Legacy
Alfa-Bank Kazakhstan sponsored the first night of rock-ballet “Radio and Juliet”, a•gala-performance of world ballet stars in Almaty and also the XI Annual International
Festival of Kazakhstan musicians.
Alfa-Bank Ukraine and Kyivstar sponsored the International jazz festival in Lviv – “Alfa•Jazz Fest”.
LLC “Barnaul Vodokanal” (subsidiary of Rosvodokanal Group) donated financial•assistance to the dancing group “Soul” in Barnaul.
* In June 2013, Alfa Group sold it’s 25% stake in TNK-BP to Rosneft.
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Cinema chain “Formula Kino” (project of A1) rendered financial assistance to the•charitable fund “Artist” to support stage and cinema stars in retirement.
Kyivstar launch educational project “I know Ukraine” to encourage Ukrainians to know •more about their country.
Alfa-Bank Belarus sponsored music festivals in Minsk “THE FIRST ALFA-JAZZ-ROCK-•FEST IN MINSK” and “Vladimir Spivakov Invites”. Also Alfa-Bank Belarus launched
project “Our Money: Financial Competence with Alfa-Bank” with intention to increase
financial competence of Belarus population.
LLC “Krasnodar Vodokanal” (subsidiary of Rosvodokanal Group) donated financial•assistance to the Kuban Cossack Chorus.
Alfa-Bank Russia sponsored concert of Alexei Kortnev in the Big Reading Room of M.I. •Rudomino All-Russia State Library for Foreign Literature to raise money for hospital
in Tarusa in the Kaluga region.
LLC “Orenburg Vodokanal” (subsidiary of Rosvodokanal Group) donated financial•assistance to the pop vocal studio “Palette” in Orenburg.
Alfa-Bank Ukraine provided support to the IX International Competition for Young•Pianists in the memory of Vladimir Gorowitz.
LLC “Tyumen Vodokanal” (subsidiary of Rosvodokanal Group) provided financial•assistance to Tyumen children band to take part in the International contest-festival
“France – Stars of Paris”.
Alfa-Bank Russia sponsored concerts of the legendary rock-groups “Chaif”,•“Krematorium”, “Neschastnyi Sluchai” and Igor Kornelyuk in Novosibirsk. Also, Alfa-
Bank Russia sponsored a national literary Big Book Prize and exhibition of engravings
“The Patriotic War in 1812” held in 34 cities of Russia.
Sporting Initiatives
LLC “Barnaul Vodokanal” (subsidiary of Rosvodokanal Group) rendered sponsor•support to the “Altai Biathlon Union”.
Alfa-Bank Belarus is the title partner of “Alfa-Bank – Belarus Soccer Championship”.•
AlfaStrakhovanie Group became a partner of sponsored “Marathon 5275”, organized•by “Life Line”, “United Way” and “Reach for Change” charitable funds.
LLC “Krasnodar Vodokanal” (subsidiary of Rosvodokanal Group) donated financial•assistance to the tourist geological organization “Tetis”.
LLC “Tyumen Vodokanal” (subsidiary of Rosvodokanal Group) provided financial•assistance to the winner of All-Russian Taekwon-do contest to take part in the V
International Taekwon-do Tournament in Kazan.
Alfa-Bank Belarus is the general partner of the International rally-festival for dog-•driving fans “North Dogs”.
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TNK-BP* sponsored charity organization “The Russian Olympians Foundation”.•
LLC “Orenburg Vodokanal” (subsidiary of Rosvodokanal Group) sponsored a Mini•Football Championship for schools in Orenburg.
Alfa-Bank Belarus is partner of handball team “SKA-Minsk”.•
Environment, Health and Safety
As members of “Сorporate Сlub of the World Wildlife Fund (WWF) Russia” Alfa-Bank•Russia, Alfa-Bank Kazakhstan and VimpelCom Ltd. regularly contribute to nature
conservation initiatives. In 2012, Alfa-Bank Kazakhstan together with the World
Wildlife Fund (WWF) issued calendar dedicated to the wildlife protection with images of
animals listed in the Red Book. Within the “Earth Hour – WWF” charitable campaign,
VimpelCom Ltd. switched off exterior lighting in more than 40 administrative offices
across Russia.
LLC “Krasnodar Vodokanal” (subsidiary of Rosvodokanal Group) and VimpelCom Ltd.•rendered sponsor support to the families affected by flood in Krymsk, Gelendzhik and
Novorossiysk in 2012.
Alfa Capital Management held environmental campaign to plant 1,000 pine trees in•Roshal in the Moscow region.
VimpelCom Ltd. held the “Blogger Against Garbage” environmental campaign to clean•up litter.
* In June 2013, Alfa Group sold it’s 25% stake in TNK-BP to Rosneft.
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AWARDS AND RECOGNITION
As one of the leading financial-industrial conglomerates in Russia, and as one of the
largest investors into emerging markets in the world, Alfa Group, its companies and its
people are recognized by prestigious independent organizations and the media as leaders
in their industries. Following is a selection of some of this recognition:
III Annual Award “Consumer Rights and Service Quality”Independence Group (A1 project): “Automobile Showroom” (2012)
VimpelCom Ltd.: “Client Servicing in the Social Networks” (2012)
III Interregional Trade Congress “Consumer Market – Territory of Success”Sredne-Volzhsky Branch of X5 Retail Group N.V.: “Best Trade Enterprise in the Samara
Region” (2012)
III Regional Contest “Leader of Energy Efficiency in the Orenburg Region – 2012”LLC “Orenburg Vodokanal” (Subsidiary of Rosvodokanal Group): 2nd Place, “Leader of
Energy Efficiency in the Orenburg Region” (2012)
IV Cambodia ICT Product & Service AwardBeeline, Operating Brand of VimpelCom Ltd.: “Best Innovation” (2012)
IV Regional Contest “Manager of the Year – 2012”JSC “OmskVodokanal” (Subsidiary of Rosvodokanal Group): 1st Place, “Commercial
Project” (2012)
V Annual All-Russia Research “Leaders of Corporate Charity”X5 Retail Group N.V.: “Best Program of Volunteer Development Promotion in Russia” (2012)
VI Annual Forum “Future of Insurance Market”AlfaStrakhovanie Group: “Leader in Fire-Related Risk Insurance for Legal Entities” (2011);
“Leader of the Aircraft Insurance” (2012)
VII International Conference “Human Resource Management: an Integrated HR” (Kazakhstan)Beeline, Operating Brand of VimpelCom Ltd.: “Best HR Project” (2012)
XXII Moscow International Advertising and Marketing Festival “Red Apple”Kyivstar: “TV & Cinema Advertising” (2012)
Agency for Housing Mortage Lending AwardAlfaStrakhovanie Group: “Most Active Mortage Insurance Promotion on the Russian
Market” (2012)
All-Russian Contest “Press Relations Services of the Year”AlfaStrakhovanie Group: “Corporate Media” (2011)
Alfa-Bank Russia: “Press Relations Service of the Year” (2012)
All Ukrainian Contest “Corporate Volunteering in Ukraine”Kyivstar: “Education and Culture” (2012)
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Annual Award “Best Corporate Media”Kyivstar: “Best Corporate Magazine in Ukraine” (2011)
Alfa-Bank Russia: “Best Corporate Magazine of the Year” (2012)
Annual Award “Leader of Economics”LLC “Orenburg Vodokanal” (Subsidiary of Rosvodokanal Group): “Leading Water Supply
and Disposal Company” (2011, 2012)
Sergey Zhuravlev, General Director of LLC “Orenburg Vodokanal” (Subsidiary of Rosvodokanal Group): “Young Top-Manager” (2012)
Annual Award “Year with Commersant”Independence Group (A1 project): “Trend of the Year” (2012)
Aristos AwardAndrey Yanovskiy, HR Director of TNK-BP*: “Best HR Director” (2011)
Ilya Khaikin, Managing Director of A1: “Commercial Director” (2012)
Association of Managers in Russia “Business Leaders in Russia”: Petr Aven, a Member of the Board of Directors of
Alfa-Bank Russia; Mikhail Fridman, Chairman of the Supervisory Board of Alfa
Group Consortium (2012)
“Top-1000 Most Professional Top-Managers in Russia”: (1st Place – Communication),
Anton Kudryashov, CEO of VimpelCom Ltd.; (2nd Place – Finance), Mikhail Khabarov,
President of A1; (3rd Place – Commercial Banks), Andrey Sokolov, Chairman of the
Executive Board of Alfa-Bank Russia; (Laureate – Finance), Irina Krivosheeva, CEO of Alfa
Capital Management (2012)
“Top-1000 Most Professional Financial Directors in Russia”: (3rd Place – Finance),
Alexander Spisivyy, CFO of Alfa Capital Management; (4th Place – Commercial Banks),
Andrew Baxter, CFO of Alfa-Bank Russia; (4th Place – Energy), Jonathan Muir, CFO of
TNK-BP*; (5th Place – Communication), Dmitry Afinogenov, Vice-President of Finance of
VimpelCom Ltd.; (Laureate – Finance), Evgeny Luneev, CFO of A1 (2012)
“Top-1000 Most Professional HR Directors in Russia”: (1st Place – Communication),
Mikhail Yakovlev, HR Vice-President of VimpelCom Ltd.; (1st Place – Insurance Companies),
Anna Efremova, HR Director of AlfaStrakhovanie Group; (3rd Place – Commercial Banks),
Gruman-Navot Shlomit, HR Director of Alfa-Bank Russia; (3rd Place – Finance), Yury
Grigorian, HR Director of Alfa Capital Management; (4th Place – Finance), Viktor Portnov,
HR Director of A1 (2012)
“Top-1000 Most Professional IT Directors in Russia”: (1st Place – Insurance Companies),
Andrey Pedorenko, Director of Information Technologies of AlfaStrakhovanie Group;
(1st Place – Finance), Igor Levshin, Director of Information Technologies of A1; (2nd Place –
Retail Trade), Teimur Shternlib, Director of Information Technologies of X5 Retail Group
N.V.; (5th Place – Energy), Martin Pilecky, Vice-President of Information Technologies
of TNK-BP*; (5th Place – Commercial Banks), Sergey Mednov, Director of Information
Technologies of Alfa-Bank Russia (2012)
“Top-1000 Most Professional Commercial Directors in Russia”: (1st Place – Finance),
Ilya Khaikin, Managing Director of A1 (2012)
“Top-1000 Most Professional PR Directors in Russia”: (1st Place – Retail Trade), Svetlana
Vitkovskaya, PR Director of X5 Retail Group N.V.; (3rd Place – Commercial Banks), Leonid
Ignat, Director of Information Policy and Public Relations of Alfa-Bank Russia; (4th Place –
Insurance Companies), Dmitry Medvedev, Director of Marketing Communications of
AlfaStrakhovanie Group; (4th Place – Communication), Elena Prokhorova, PR Director of
VimpelCom Ltd.; (Laureate – Energy), Irina Kibina, Vice-President of Public Relations of
TNK-BP*; (Laureate – Finance), Andrey Kocherov, PR Director of A1; (Laureate – Finance),
Ksenia Krokhina, PR Director of Alfa Capital Management (2012)
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.
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“Top-1000 Most Professional Marketing Directors in Russia”: (1st Place –
Communication), Olga Turischeva, Marketing Vice-President of VimpelCom Ltd.;
(1st Place – Commercial Banks), Victor Shkipin, Marketing Director of Alfa-Bank
Russia; (1st Place – Insurance Companies), Tatyana Puchkova, Marketing Director of
AlfaStrakhovanie Group; (1st Place – Finance), Evgeny Zhivov, Marketing Director of Alfa
Capital Management; (4th Place – Finance), Konstantin Stepanov, Marketing Director of
A1 (2012)
“Top-1000 Most Professional Directors of Corporate Governance in Russia”: (1st Place –
Energy), Elena Moskovskaya, Director of Corporate Governance Division of TNK-BP*;
(Laureate – Finance), Igor Voloshin, Director of Institutional Clients and Corporate
Governance Division of Alfa Capital Management; (Laureate – Finance), Mikhail Markov,
Managing Director of A1 (2012)
“Top-1000 Most Professional GR Directors in Russia”: (1st Place – Commercial Banks),
Vladimir Senin, Head of GR Division of Alfa-Bank Russia; (3rd Place – Communication),
Pavel Borodin, Vice-President of GR Department of VimpelCom Ltd.; (Laureate – Finance),
Alexander Fain, General Director of A1 (2012)
Companion Magazine (Ukraine) Igor Litovchenko, President of Kyivstar: 1st Place, “Best Top-Manager in Ukraine” (2011, 2012)
Kyivstar: “Top-10 Inspiring Companies” (2012)
Company Magazine Independence Group (A1 project): “Company of the Year” (2011)
Alfa-Bank Russia: “Company of the Year – Finance” (2011); “Most Attentive Bank” (2011)
Alfa Capital Management: “Client-Oriented Company” (2012)
Contact Centre Association of Zimbabwe AwardTelecel, Operating Brand of VimpelCom Ltd.: “Service Excellence” (2012)
Crystal Headset AwardVimpelCom Ltd.: “Best Program of Recruitment and Staff Training” (2011); “Operator of
the Year” (2012)
Kyivstar: “Best Call Center” (2011); “Best Large Call Center” (2012); “Best Improvement
Strategy, Modernization Program” (2012)
LLC “Tyumen Vodokanal” (Subsidiary of Rosvodokanal Group): “Best Small Team”
(2011); “Best Call Center in Terms of People and Enterprises Servicing” (2011, 2012)
LLC “Orenburg Vodokanal” (Subsidiary of Rosvodokanal Group): “Call Center Guru”
(2012)
EFFIE Award Kyivstar: “Facilities and Services of Communication” (2011); “Social Advertising and
Charity” (2012)
Ernst & Young AwardKyivstar: “Most Attractive Employer” (2012)
European Confederation of Contact Centre Organisations AwardWind, Operating Brand of VimpelCom Ltd.: “Customer Satisfaction” (2012)
Expert RA Russian Rating AgencyTNK-BP*: “Grand Prix for Contribution to the Annual Report Formation Among Russian
Oil Companies” (2011)
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.
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VimpelCom Ltd.: “Top-20 Best Products and Services” (2011); 1st Place, “Communications
and Telecommunications Sector” (2012); “Honour of Russia – Industry Leader” (2012)
Alfa Capital Management: “Wide Product Range” (2011); “International Standards for
Presentation of the Results of Management” (2011); “Leadership in Individual Trust
Management” (2012)
Facebook Studio AwardAlfaStrakhovanie Group: “Doomsday Insurance” (2012)
Financial Director MagazineAndrey Malyutin, Vice-President of Finance of TNK-BP*: “Financial Director” (2011)
Alexander Spisivyy, CFO of Alfa Capital Management: “Financial Director – Cost
Optimization Program” (2012)
Firm Secret MagazineAlfaStrakhovanie Group: “Fastest-Growing Company in the Financial Sector” (2012)
Forbes MagazineRegina Girfanova, Portfolio Manager of Alfa Capital Management: “Best Portfolio
Manager” (2012)
Evgeny Kochemazov, Portfolio Manager of Alfa Capital Management: “Best Bond
Strategy Manager” (2012)
“Alfa Capital – Bonds Plus”, Open-Ended Mutual Fund of Alfa Capital Management: “Best Bond Fund” (2012)
Getenergy AwardTNK-BP*: “Contribution to Employees Development” (2012)
Global HR Excellence AwardBanglalink, Operating Brand of VimpelCom Ltd.: “Organization with Innovative HR
Practices” (2012)
Global Mobile AwardMobilink, Operating Brand of VimpelCom Ltd.: “Connected Life” (2012)
Golden Salamander Award AlfaStrakhovanie Group: “Marketing Project” (2011); “Insurance Internet Project of the
Year” (2011); “IT Project of the Year” (2011, 2012); “Insurance E-Commerce Project of
the Year” (2012); “New Insurance Product” (2012); “Voluntary Health Insurance” (2012);
“Liability Insurance” (2012)
GVardia MagazineKyivstar: 2nd Place, “Corporate Social Responsibility” (2011); 5th Place, “Openness and
Consistency in the Field of Corporate Social Responsibility” (2012)
Investfunds AwardAlfa Capital Management: “Most Popular Fund” (2011); “Most Profitable Fund Among
Russian Open Funds” (2011)
“Alfa Capital Consumer Sector”, Open-Ended Mutual Equity Fund of Alfa Capital Management: “Leader in Profitability” (2012)
“Alfa Capital Reserve”, Open-Ended Mutual Bond Fund of Alfa Capital Management: “Leader in Terms of Net Inflow” (2012)
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.
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“Alfa Capital Commodities Markets”, Open-Ended Mutual Equity Fund of Alfa Capital Management: “Most Profitable Among Russian Open-Ended Funds” (2012)
Investgazeta (Ukraine) Alfa-Bank Ukraine: 2nd Place, “Best Bank-Employer” (2011); 3rd Place, “Best Investment
Bank in Ukraine” (2011); 1st Place, “Most Retail-Oriented Bank” (2012); 2nd Place, “Best
Private Bank” (2012); 3rd Place, “Best Internet Bank” (2012)
Itogi Magazine AwardAlfa-Bank Russia: “Commercial Bank of the Year” (2011); “Achievement of the Year” (2012)
Kommersant-Ukraine MagazineAlfa-Bank Ukraine: 1st Place, “Best Branch Service for Individuals” (2012); 1st Place,
“Private Bank” (2012); 2nd Place, “Innovative Technologies and IT-Solutions” (2012)
Legends of the Upper Volga Region Award LLC “Tver Vodokanal” (Subsidiary of Rosvodokanal Group): “People Service” (2012)
LifeSize AwardCJSC “Landata” (Systematic Group, A1 project): “Best EMEA Project” (2012)
Magazan.Ru AwardFormula Kino/Kronverk Cinema (A1 project): “Best Cinema in a Shopping Centre” (2012);
“People’s Choice Award” (2012)
Mass Media Analysis and Monitoring System Medialogia Alfa-Bank Russia: “Most Frequently Quoted Russian Bank in the Mass Media” (2012)
AlfaStrakhovanie Group: “Most Newsworthy Event in the Insurance Sector” (2012)
Microsoft Corporation Award AND Project Company (Systematic Group, A1 project): “Best Microsoft Partner in Terms of
Finance, Industry and Distribution” (2011); “High Achievements in Development of ERP/CRM
Solutions on the Basis of Microsoft Dynamics” (2012)
Ministry for Taxes and Levies of the Republic of BelarusAlfa-Bank Belarus: “Best Taxpayer” (2012)
National Award “IT Leader”TNK-BP*: “Oil and Gas Enterprises” (2011)
AlfaStrakhovanie Group: “Insurance Companies” (2012)
National Contest of the Ministry of the Regional Development of RussiaLLC “Barnaul Vodokanal” (Subsidiary of Rosvodokanal Group): Order “Best Water Supply
and Disposal Enterprise in Barnaul” 3rd Degree (2011)
LLC “Krasnodar Vodokanal” (Subsidiary of Rosvodokanal Group): Order “Best Water
Supply and Disposal Enterprise in Krasnodar” 1st Degree (2011)
JSC “OmskVodokanal” (Subsidiary of Rosvodokanal Group): Order “Best Water Supply
and Disposal Enterprise in Omsk” 2nd Degree (2012)
National Award for Franchisees “Golden Brand”Pyaterochka, Largest Soft Discounter Chain of X5 Retail Group N.V.: “Active Promoting
of Reverse Franchising” (2012)
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.
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National Program “Best Social Projects in Russia”X5 Retail Group N.V.: “Projects Supporting Vulnerable Social Groups” (2012)
VimpelCom Ltd.: “Online Safety for Children” (2012)
OfficeNEXT AwardTNK-BP*: “Best Projects of Business Office” (2012)
Rabota.ru AwardTNK-BP*: “Best Company in Terms of Work and Career” (2012)
Retail Finance MagazineAlfa-Bank Russia: “Year Creative Award” (2011)
AlfaStrakhovanie Group: “Year Creative Award” (2012)
Runet AwardVimpelCom Ltd.: “Technology and Innovation” (2011)
Alfa-Bank Russia: “Economics, Business and Investments” (2012)
Russian Government Quality AwardJSC “OmskVodokanal” (Subsidiary of Rosvodokanal Group): “Dimploma for Quality” (2012)
Russian Public Relations Association AwardPR Department of VimpelCom Ltd.: “Russian Companies’ Creativity” (2012)
Senteo GmbH and PricewaterhouseCoopers AwardAlfa-Bank Russia: “Best Bank in Terms of Customer Experience Index” (2012)
SPEAR’S Russia Wealth Management AwardAlfa Capital Management: “Family Office of the Year” (2011)
Alfa-Bank Russia: “Best Private Bank in Russia in Terms of Wealth Management” (2012)
Society of Petroleum Engineers (SPE) AwardTNK-BP*: “Contribution to Engineering Disciplines Development” (2012)
STP Excellence AwardAlfa-Bank Kazakhstan: “Customer Transfers in Euro” (2012)
Superjob.ru AwardIndependence Group (A1 project): “Best Employer” (2011)
VimpelCom Ltd.: “Most Attractive Employer” (2012)
Beeline, Operating Brand of VimpelCom Ltd.: “Best Employer in Uzbekistan” (2012)
Trainings INDEX AwardVimpelCom Ltd.: “Effective Decision in the Field of Training, Development and Boost of
Personal Performance” (2012)
Visa Service Quality Performance AwardAlfa-Bank Russia: “Highest International Approval Rate of Debit Card’s Issuer” (2012)
Voronezh City Administration AwardLLC “RVK-Voronezh” (Subsidiary of Rosvodokanal Group): 2nd Place, “Most Developed
Territory of Utility Enterprise” (2012)
* In March 2013, Alfa Group sold it's 25% stake in TNK-BP to Rosneft.
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CONTACT INFORMATION
Alfa-Bank RussiaCEO: Alexey Marey
Chairman of the Executive Board: Andrei Sokolov
Address: 27 Kalanchevskaya Street, Moscow,107078, Russia
Tel.: +7 (495) 620-91-91, (495) 974-25-15
E-mail: [email protected]
Alfa-Bank UkraineCEO: Rushan Khvesyuk
Chairman of the Executive Board: Viktoria Mikhalyo
Address: 4/6 Desyatynnaya Street, Kiev, 01001, Ukraine
Tel.: +38 (044) 490-46-00
Fax: +38 (044) 490-46-01
E-mail: [email protected]
Amsterdam Trade Bank N.V.Director: Pavel Gorbatsevich
Address: 469 Herengracht Street, Amsterdam, 1017 BS, the Netherlands
Tel.: +31 (0) 20-5209-209
Fax: + 31 (0) 20-5209-429
E-mail: [email protected]
Alfa-Bank BelarusCEO: Igor Katibnikov
Chairman of the Executive Board: Denis Kalimov
Address: 70 Myasnikova Street, Minsk, 220030, Belarus
Tel.: +375 (17) 217-64-79
Fax: +375 (17) 200-17-00
E-mail: [email protected]
Alfa-Bank KazakhstanChairman of the Executive Board: Danila Smirnov
Address: 57A Masanchi Street, Almaty, 050012, Kazakhstan
Tel.: +7 (727) 292-07-51
Fax: +7 (727) 292-08-21
E-mail: [email protected]
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Alfa-Capital Management Company LLCCEO: Irina Krivosheeva
Head of PR: Ksenia Krokhina
Address: 32/1 Sadovaya-Kudrinskaya Street,
Moscow, 123001, Russia
Tel.: + 7 (495) 797-31-52
Fax: + 7 (495) 797-31-51
E-mail: [email protected]
Alfa Capital PartnersDirector of Representative Office: Alexander Bezugly
Address: 32/1 Sadovaya-Kudrinskaya Street,
Moscow, 123001, Russia
Tel: + 7 (495) 775-18-28
Fax: + 7 (495) 775-18-27
E-mail: [email protected]
AlfaStrakhovanie GroupCEO: Vladimir Skvortsov
President: Mikhail Bershadsky
Address: 31 B Shabolovka Street, Moscow, 115162, Russia
Tel: +7 (495) 788-09-99
Fax: +7 (495) 785-08-88
E-mail: [email protected]
A1President: Mikhail Khabarov
Address: 12 Krasnopresnenskaya Naberezhnaya,
Moscow, 123610, Russia
Tel.: +7 (495) 967-00-00, (495) 967-00-66
Fax: +7 (495) 967-00-76
E-mail: [email protected]
Rosvodokanal GroupСEO: Igor Udovichenko
Address: 2 Gamsonovskiy Pereulok, Bld. 4,
Moscow, 115191, Russia
Tel.: +7 (495) 514-02-11
Fax: +7 (495) 514-02-11
E-mail: [email protected]
X5 Retail Group N.V.Chairman of the Supervisory Board: Dmitry Dorofeev
CEO: Stephan DuCharme
Address: 28 Srednyaya Kalitnikovskaya Street, Bld.4,
Moscow, 109029, Russia
Tel.: +7 (495) 662-88-88, (495) 789-95-95
Fax: +7 (495) 662-88-88, ext. 41-265
E-mail: [email protected]
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AltimoCEO: Alexei Reznikovich
Communications Director: Evgeny Dumalkin
Address: 11 Savvinskaya Naberezhnaya, Moscow,
119435, Russia
Tel: +7 (495) 981-44-88
Fax: +7 (495) 981-44-48
E-mail: [email protected]
CTF Holdings LtdDirector: Franz Wolf
Head Office: 4 Irish Place, Suite 2, Gibraltar
Tel.: (350) 200 41977
Fax: (350) 200 41988
E-mail: [email protected]
Manager of Corporate Relations: Natalia Dymova
Address: 11 Bolshoi Savvinskiy Pereulok, Office 351,
Floor 5, Entrance 3, Moscow, 119435, Russia
Tel.: +7 (495) 787-00-77
Fax: +7 (495) 792-52-35
E-mail: [email protected]