MOSCOW METROSTROY Russian building company. OJSC "Mosmetrostroy" is a versatile multifunctional...

MOSCOW METROSTROY

Russian building company

OJSC "Mosmetrostroy" is a versatile multifunctional construction company solving a vast variety of technical issues

while executing all sorts of works, tunneling to design and decorating to track-laying to assembling-manufacturing of

construction and finishing materials.

Corporate Structure

OJSC MOSMETROSTROY

CJSC «TO-6 Mosmetrostroya», share of participation – 100%

CJSC «SMU–9 Mosmetrostroya»,share of participation – 100%

CJSC «SMU–4 Mosmetrostroya»,share of participation – 100%

LLC «OGBK Mosmetrostroya», share of participation – 100%

USR Mosmetrostroya, share of participation – 100%

LLC «Tunnel–2001»,share of participation – 75%

KSUM Mosmetrostroya, share of participation – 100%

UMM Mosmetrostroya, share of participation – 100%

CJSC «Ochakovsky Factory of ZBK»,share of participation – 49%

LLC «SMU–5 Mosmetrostroya»,share of participation – 100%

LLC «Metrostroy Invest»,share of participation – 98%

The company

Created in 1931 and involved primarily in Metro construction.

One of the leading Russian building companies.

177 stations and 288 km of metro lines, more than 30 km of motorways, auto tunnels and junctions constructed so far.

Large contracts for road construction and successful inroads in building construction business segments.

Key Managers

Gennady Shtern – General Director

Has graduated from Samara Technical University as technical specialist – Bridges and Tunnels;

Has unparalleled experience working for 23 years in metro planning and building in several executive positions.

Evgeny Kashin – First Deputy of General Director

Has PhD in Science from Plekhanov Russian Academy of Economics.

Leonid Astrin – Financial Director

MBA from Kellogg's Business School.

Financials

Index 2004 2005 2006 2007 2008

Turnover 215,1 495,2 558,4 882,6 915,1

Total Assets 100,4 167,6 224,6 578,3 362,6

Current Assets 87,9 119,7 189,7 538,8 253,9

Current Liabilities 79,4 145,0 144,3 370,9 275,5

Profit before taxes 8,3 3,5 2,1 2,3 1,5

Net profit 8,1 2,0 1,5 0,4 -1,9

Working Capital 8,5 -25,4 45,5 167,9 -21,6

Equity 18,1 18,7 21,5 23,8 48,7

EBITDA 12,5 6,0 7,9 16,4 27,5

Accounting data (for the last 5 years): million USD

Financial Conditions

Index Comment 2004 2005 2006 2007 2008

Current ratio Current assets/

Current liabilities

1,1 0,8 1,3 1,5 0,9

Equity to Total Assets

Equity/Total assets

0,2 0,1 0,1 0,04 0,1

Financial leverage

Short term bank loans/Equity

2,1 4,5 2,5 3,3 0,4

Return on sales (ROS),%

Net profit/net sales volume

3,8 0,4 0,3 0,04 -0,2

Return on assets (ROA),%

Net profit/Assets 8,0 1,2 0,7 0,07 -0,5

Return on equity (ROE),%

Net profit/Equity 44,5 10,5 6,9 1,6 -3,9

Financial Ratios (for the last 5 years)

Business Strategy Company Strength

Strengthening its leadership on metro construction market.

Increasing its presence in road construction segment.

Developing its business of construction of underground part of buildings.

Image improve of the company by increasing of quality of works and decreasing of term of construction.

Expanding in Russian regions and abroad.

Participation in tenders spent in Russia and abroad.

Solid core business.

Succesfull and growing in new business segments.

Strong management team.

Strong political support and network in Russia.

Experience with international contracts.

High technical level.

Market Share

The share of OJSC "Mosmetrostroy" on Moscow metro construction market is about 67% now and the company plans to hold it.

The share of OJSC "Mosmetrostroy" on Moscow road construction market is about 10%

Metro construction in 2008

Mosmetrostroy67%

Other companies33%

Road construction in 2008

Mosmetrostroy10%

Other companies90%

Clients and Projects

The main clients of OJSC "Mosmetrostroy" are federal and municipal government, such as Direction of the Moscow Underground

The second large group of the company clients are general contractors involving "Mosmetrostroy" as a subcontractor

The third group are commercial organizations involving «Mosmetrostroy» in construction of private objects

Krasnopresnenskaya motor highway. Tunnel section Tunnel – 3 126 km (with ramp part), 1 511 m of tunnels were constructed using closed technique and are a structure of 3 tunnels: two for transport with 3-lane motor road in the upper part of the tunnel and subway in the lower part, and one for service. Earth pressure balanced tunneling with TMB “Herrenknecht” Ø14.2m (transport tunnel) and TMB “Lovat” Ø6.28m (service tunnel) Execution of all construction works without damaging environment and landscape

Recently completed Recently completed projectsprojects

Krasnopresnenskaya motor highway. Guyed Bridge “Zhivopisny”

The unique arch over the Moskva River with 409 span and hanging 2-level ellipsoid with panoramic glazing, a viewing point and a restaurant.

Type of the bridge: cable-stayed, the suspenton arche is central-positioned.total length: 1372,5 m, main span: 409,5 m, traffic area width: 45 m

The bridge was awarded the Gold Medal at the International Exhibition in Brussels.


Lyublinsko-Dmitrovskaya line of metro (section «Chkalovskaya- Trubnaya»)

The tunnel section – 3,72 km. Drill and Blast excavation Works close to working metro lines Complex interchange schemes for operating stations Two deep unique metro stations: “Trubnaya” and “Sretenskiy bulvar”


GREATER ISTANBUL WATER SUPPLY PROJECT Bosphorus Tunnel Completion Construction

The Bosporus Tunnel will provide the connection between Asia and Europe across the Bosporus Channel. Total length of proposed Bosporus tunnel is about 5500m of which some 1500m below sea water body. The tunnel planned to be constructed as a single bore with an excavated diameter of some 6.11m for TBM section and 5.14m for conventional section allowing a final reinforced concrete lining to be placed with a 4.0 m internal diameter.

Projects in progressProjects in progress

Lyublinsko-Dmitrovskaya line of metro (section «Trubnaya - Maryina Roshcha»)

The tunnel section – 2,96 km. Tunnel diameter - from 5.5 m to 10.0 m. Two deep unique metro stations: “Dostoevskaya” and “Maryina Roshcha” Drill and Blast excavation. Support is cast iron and reinforced concrete tubes. Works close to working metro lines The beginning of works in 2007. The end of works in 2009.


Arbatsko-Pokrovskaya line of metro (section «Strogino-Mitino») The tunnel section – 6,8 km. Tunnel diameter – 5.5 m. 3 metro stations constructed by cut and cover method. The section has the metro bridge across the Moskva River between the stations

of “Myakininskaya” and “Volokolamskaya” Earth pressure balanced tunneling with shield mechanized complexes. The end of works in 2009.


Future Projects

Metro construction:Lyublinsko-Dmitrovskaya line – 12,37 km long

Mitinsko-Stroginskaya line – 8,5 km

Kalininskaya line – 3,23 km

Tagansko-Krasnopresnenskaya line – 3,38 km

Zamoskvoretskaya line – 2,9 km

Solncevskaya line – 25,76 km

Road construction:

Central Ring highway (CKAD) – constructed in Moscow suburbs

Moscow – St. Petersburg highway

Fourth Transport Ring of Moscow

MOSCOW METROSTROY Russian building company. OJSC "Mosmetrostroy" is a versatile multifunctional...

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