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HMS Group Guidance for 2015 and 2016

2 Mar 2016 07:21

IR RELEASE

Moscow, March 2, 2016

HMS Hydraulic Machines & Systems Group plc

(the “Company”, and together with its subsidiaries, the “HMS Group”)

HMS GROUP GUIDANCE FOR 2015 AND 2016

Moscow, Russia – HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as a provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS, today releases the statement regarding its guidance for FY 2015 and FY 2016.

2015 & 2016 GUIDANCE:

Rub billion FY 2015 FY 2016
Revenue 37 – 37.5 40 - 45
EBITDA 7.2 - 7.5 5.2 - 5.6
Maintenance capex incl. VAT 2.2 2.5

In 2016F, revenue is expected to grow by 14% yoy, on average, from Rub 37-37.5 bn to Rub 40-45 bn, due to both large contracts and standard equipment.

EBITDA is expected to decrease from 2015F Rub 7.2-7.5 bn to 2016F Rub 5.2-5.6 bn by 27% yoy on average, and, as a result, EBITDA margin to decline from 20 percent to 13 percent, primarily due to two factors – clients’ capex reduction and the performance of HMS’ compressors business segment.

First factor: HMS’ clients are assumed to reduce their investment capex because of current economic downturn in Russia and low oil & gas prices. This would result in a more aggressive price policy of HMS Group aiming to win contracts, and, therefore, lower profitability of large contracts.

Second factor: In 2015F, HMS’ order intake in the compressors business segment (Kazankompressormash) grew by 276% yoy to Rub 8.1 bn, and its share in the total order intake portfolio increased from 6% in 2014A to 23% in 2015A.

The market share of Kazankompressormash (KKM) in the compressor market is smaller than the share of HMS in the pumps and oil & gas equipment markets, and, as a result, the competition in the compressor market is higher. Therefore, currently compressors contracts have lower profitability in comparison with contracts in other segments where HMS Group operates.

Thus, growth of KKM’s contracts portfolio along with their lower profitability has influenced the lower forecasted EBITDA margin for 2016F.

Kirill Molchanov, CFO and Co-founder of HMS Group, commented, that

“As a whole, 2016 year will not likely be easy for us. However, based on current pipeline of large contracts which are on different preliminary stages as well as on the company’s internal strength, we are more optimistic in the mid-term.”

***

The management of HMS Group will hold a conference call on Thursday March 3, 2016, at 11:00 am (Moscow time) to discuss the guidance.

***

WEBCAST TO DISCUSS 2015 & 2016 GUIDANCE

THURSDAY, 3 March 2016

11.00 AM (MOSCOW)

To participate in the conference call, please dial in:

Russia Local: 7 495 705 9451

UK Local: 44 (0)20 3427 1901

UK Toll Free: 0800 279 5004

US Local: 1 646 254 3364

US Toll Free: 1 877 280 2296

Conference ID: 8123406

Title: HMS Group Budget 2016 discussion

Webcast meeting:

To access the live event, click on the link:

http://www.audio-webcast.com/cgi-bin/visitors.ssp?fn=visitor&id=3397

Please, dial in 5-10 minutes prior to the scheduled start time. Pre-registration is available.

***

HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For more information, please, contact:

Inna Kelekhsaeva, Deputy Head of Capital markets

Phone: +7 (495) 730-6601 x 1318, Email: kelekhsaeva@hms.ru

Anna Obotnina, Head of Marketing communications

Phone: +7 (495) 730-6601 x (600)3304, Email: obotnina@hms.ru

Disclaimer

The information contained herein has been prepared using information available to HMS Hydraulic Machines & Systems Group Plc (“HMS Group” or “HMS” or “Group” or “Company”) at the time of preparation of the press release. External or other factors may have impacted on the business of HMS Group and the content of this press release, since its preparation. In addition all relevant information about HMS Group may not be included in this press release. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information. Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and HMS Group cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This press release should not be relied upon as a recommendation or forecast by HMS Group, which does not undertake an obligation to release any revision to these statements. This press release does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities in HMS Group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160301007229/en/

Copyright Business Wire 2016

Date   Source Headline
13th Apr 20239:09 amEQSDISCONTINUATION OF DISCLOSURE VIA PRIMARY INFORMATION PROVIDER
28th Jun 20225:00 pmEQSHMS Group: Sale of shares in JSC HMS Group and further business of the Company
28th Jun 20225:00 pmEQSHMS Group: Sale of shares in JSC HMS Group and further business of the Company
29th Apr 20222:06 pmEQSHMS Group: Annual report and Accounts 2021
29th Apr 202211:17 amEQSHMS Group Reports Rub 6.7 billion EBITDA for FY 2021
28th Apr 202210:46 amEQSHMS Group: Results of BoD meeting
21st Apr 20225:25 pmEQSHMS Group: Board Change
14th Apr 20222:14 pmEQSHMS Group: Rub 3.3 BN Compressor Contract
23rd Mar 20228:00 amEQSHMS Group: Resuts of the BoD meeting
10th Mar 20229:47 amEQSHMS Group: Board Change
3rd Mar 20222:53 pmEQSHMS Group: Suspension of the admission to trading
1st Mar 20221:52 pmEQSHMS Group: Board Change
11th Feb 20227:46 amEQSHMS Group: Rub 7 BN Oil & Gas Contract
15th Dec 20212:46 pmEQSHMS Group Reports Rub 5.2 billion EBITDA for 9 months 2021
14th Dec 20215:16 pmEQSHMS Group: Results of the BoD meeting
13th Dec 202112:47 pmEQSHMS Group Schedules 9 months 2021 Earnings Release and Conference Call
1st Dec 20216:19 amEQSHMS Group: Rub 1.4 BN Compressor Contract
27th Sep 20217:30 amEQSHMS Group Reports Rub 2.9 billion EBITDA for 6 months 2021
22nd Sep 202111:06 amEQSHMS Group: Results of the BoD meeting
25th Aug 20212:47 pmEQSHMS Group Schedules 6 months 2021 Earnings Release and Conference Call
2nd Aug 20211:53 pmEQSHMS Group: Rub 3.3 BN Export Contract
19th Jul 202110:13 amEQSFitch and Expert RA Affirm HMS Group Ratings and Stable Outlook
24th Jun 20213:58 pmEQSHMS Group: Resolutions of the Annual General Meeting of Shareholders
10th Jun 20218:02 amEQSHMS Group Reports Rub 1.3 billion EBITDA for 3 months 2021
9th Jun 202111:48 amEQSHMS Group Schedules 3 months 2021 Earnings Release and Conference Call
21st May 20214:13 pmEQSHMS Group GDRs Admitted to Trading on the Moscow Exchange
29th Apr 20219:03 pmEQSHMS Group: Annual Report 2020
28th Apr 20219:00 amEQSHMS Group Reports FY 2020 EBITDA of Rub 4.9 billion
27th Apr 202112:43 pmEQSHMS Group Schedules FY 2020 Earnings Release and Conference Call
21st Apr 20216:51 pmEQSHMS Group: Results of the BoD meeting
5th Apr 20212:32 pmEQSHMS Group: Rub 7.5 billion contract to deliver oil & gas equipment
9th Mar 20213:49 pmEQSHMS Group: Buy-back Programme Results
20th Feb 202112:02 pmEQSHMS Group: Rub 2.3 BN contract to deliver mobile compressor units
17th Feb 202111:31 amEQSHMS Group: Results of BoD Meeting
26th Jan 20218:33 amEQSHMS Group management increases its share in the charter capital
22nd Dec 20201:45 pmEQSHMS Group: Management increases its share (LTIP)
11th Dec 20202:00 pmEQSHMS Group Reports 9m 2020 EBITDA of Rub 3.4 billion
9th Dec 20201:29 pmEQSHMS Group: Results of BoD Meeting
3rd Dec 20201:07 pmEQSHMS Group: Rub 1.3 BN contract to deliver pumping stations
30th Nov 20201:29 pmEQSHMS Group: Rub 3.2 BN Compressor Contract
8th Oct 20208:00 amEQSHMS Group Reports 6m 2020 EBITDA of Rub 2.1 billion
28th Sep 20202:14 pmEQSHMS Group: Rub 1.9 BN compressor contract
24th Sep 20209:12 amEQSHMS Group: Results of BoD Meeting
21st Sep 20202:19 pmEQSHMS Group: Refinance of Rub 5.1 BN in 3Q 2020
7th Sep 202011:49 amEQSHMS Group: Management increases its share
31st Aug 202011:01 amEQSHMS Group: Rub 3.8 BN compressor contract
26th Aug 202011:03 amEQSHMS Group: Buyback programme results
7th Aug 20208:52 amEQSHMS Group: Management increases its share
4th Aug 20209:32 amEQSHMS Group: Management increases its share
3rd Aug 20203:54 pmEQSHMS Group: Rub 4.5 BN compressor contract

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