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Key performance indicators

The results of the financial and operating activities of the Company for 2015

JSC NC Kazakhstan engineering achieved the main objectives set by the Sole shareholder in 2015. Today, the Company has a great potential for the development of the machine-building industry in Kazakhstan. New investment projects are being implemented. The company develops various sub-sectors of mechanical engineering and strives to implement them together with international leaders. This is evidenced by the positive dynamics of the company's production and financial indicators.

The company's share in the engineering industry of the Republic of Kazakhstan in 2015 was 10.3 %. At the same time, compared to 2010, the revenue from sales of the Company's group in 2015 increased by 4.1 times, labor productivity by 3.0 times.

In 2015, the current economic situation in the country led to a decline in the performance of the industry as a whole, including in mechanical engineering. In particular, in 2015, the volume of production of machine-building products amounted to 614 billion tenge, which is 29% lower than the same period last year. The index of physical volume of industrial production of mechanical engineering at the end of 2015 amounted to 70.4% compared to the same period last year.

The Company, as a subject of the machine-building industry, was also affected by negative factors, which affected The company's performance.

Financial and operational performance indicators for the Company group

Indicators

2010

2011

2012

2013

2014

2015

growth Dynamics.
2015 to
2010

Revenue from sales
(billion tenge)

15.4

33.6

52.2

44.8

38.5

63.5

4.1 times

Assets
(billion tenge)

24.7

27.4

45.9

74.1

89.1

114.1

5.1 times

Financial result
(million tenge) *

378.8

Two thousand two hundred sixty four

Four thousand five hundred fifty eight

Three thousand eighty three

Nine hundred seventeen

Eight thousand two hundred sixty six

-

Development costs
(investment) (million tenge)

Eight hundred ninety seven

Two thousand forty four

Nine thousand six hundred fifty one

Three thousand five hundred fifty two

Six thousand seven hundred twenty

Four thousand eight hundred twenty two

5.4 times

Labor productivity
(thousand tenge/person)

Three thousand eight hundred thirty eight

Six thousand five hundred sixty

Ten thousand seven hundred sixty three

Twelve thousand eight hundred sixty eight

Eleven thousand seven hundred ninety four

Twelve thousand five hundred ninety five

3.3 times

Average monthly salary
(thousand tenge)

70.5

86.9

135.5

114.2

124.2

111.9

1.6 times

* financial result = net income before minority interest

The consolidated volume of sales of the Company's products for 2015 with a plan of 41.2 billion tenge amounted to 63.5 billion tenge or 154% of the plan (an increase of 65% by 2014), including:

  • in terms of sales of specialized products and dual-use products, the execution amounted to 52.7 billion tenge or 347% of the plan as a result of the state budget execution;
  • in terms of services, the execution amounted to 2.6 billion tenge, which is 69% lower than the planned figure for 2015 and 76% lower than in 2014;
  • in terms of sales of civil products, the execution amounted to 8.2 billion tenge, or 46% of the plan (figure 6).

figure 6-revenue Structure 

The return on operations was 13.1% (plan 7.7%). In 2014, this figure was 2.1%.

The return on capital is 28.4% (plan 9.2%), which is lower than the planned figure.

EBITDA margin is 2.1% (plan 12.5%). Performance of the planned indicator in 2014 was 17%.

The share of export products in the sales volume in 2015 was 3.7% of the total sales volume.

Consolidated assets at the end of 2015 amounted to 114.1 billion tenge. The growth of assets compared to 2014 was 1.3 times (figure 7).

figure 7-Assets (billion tenge)

The company's financial result in 2015 amounted to a loss of 8,266 million tenge with a planned profit of 3,163 million tenge.

The main reason for the current financial result is a loss on exchange differences in the amount of 13,811 million tenge as a result of the transition to a freely floating exchange rate of the national currency (figure 8).

figure 8-Financial result, million tenge

Labor productivity reached 12.6 million tenge per employee. 1.6 times higher than the average industry performance indicator (figure 9).

figure 9-labor Productivity, thousand tenge

Investment activity of the Company

In accordance with The company's Investment policy, the goal of the company's investment activity is to maximize The company's value in the long term.

the Main principles of investment policy are:

  • Integration of strategic goals into the investment decision-making process.
  • Use of investment evaluation tools when making investment decisions.
  • Using project management tools and procedures in managing investment activities.
  • Balance of budget control and the degree of managerial freedom of managers responsible for the company's investment performance.
  • Mandatory monitoring, evaluation, and analysis of investment performance.

in 2015, the Company continued to implement investment projects:

  1. "Creation of an Aviation technical center in Astana";
  2. "Organization of production of military and civil equipment in the Republic of Kazakhstan";
  3. "Creating an Assembly production of MAZ cars";
  4. "Creation of a center for the production of electronic-optical devices on the territory of the Republic of Kazakhstan";
  5. "development of marine shipbuilding at JSC" Ural plant "Zenit" for the development of production of new class vessels with dry weight up to 600 tons and other large-sized products".

the above investment projects are aimed at achieving the Company's goals for the production and sale of defense and civil products within the framework of import substitution, domestic needs and export:

1) the Project "Creation of an Aviation technical center in Astana" is aimed at creating a specialized aviation enterprise in Kazakhstan that provides service, capital and current repairs of aviation equipment in Kazakhstan. Currently, all these events are held at enterprises of the near abroad (Russia, Belarus, Ukraine);

2) the Project "Organization of production of military and civil equipment in the Republic of Kazakhstan" is aimed at the production of armored wheeled vehicles and armored personnel carriers. It should be noted that on November 30 in Astana, the President of the Republic of Kazakhstan-Supreme Commander of the Armed Forces, Nursultan Nazarbayev, inaugurated a plant for the production of armored wheeled vehicles, including: Arlan, Barys, launched by the joint venture "Kazakhstan paramount Engineering" LLP; 

3) the Project "Creation of Assembly production of MAZ cars" is aimed at meeting the needs of the domestic market of the country in trucks of the MAZ model. When the design capacity is reached the output volume will be 440 units of automobile equipment and 1000 units of trailer equipment per year;

4) the Project "Creation of center for production of electro-optical devices on the territory of the Republic of Kazakhstan" aimed at meeting the needs of defense industry of Kazakhstan in electro-optical devices by creating a local production in the framework of the strategy of increasing local content of goods and services in the domestic market of RK;

5) the Project "Development of marine shipbuilding JSC "Ural plant "Zenit" for the production of ships of a new class of dry weight up to 600 tons and other large products" designed to meet the needs of defense industry of Kazakhstan in the courts of a new class of dry weight up to 600 tons and other large products.

the Company is considering implementing the following investment projects:

1) Organization of foundry production for smelted models.

2) production of composite armor plates of JSC "Tynys".

3) Modernization of procurement production of JSC "Ural plant Zenit".

4) Modernization of production of JSC " Plant im. S. M. Kirov".

5) Modernization of JSC "Petropavlovsk heavy engineering plant".

Individual investment projects are strategic and are aimed at the development of the military-industrial complex of the Republic of Kazakhstan in accordance with the program of technological modernization of the Armed forces.

Investments in investment projects from the Kazakh side are made by the Company at the expense of the national budget, JSC "Samruk - Kazyna", its own funds, at the expense of attracted borrowings (bond programs).


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