Page 126 - RusRPTAug21

9.2.4 Construction & Real estate corporate news
The CEO of Samolet Group, Anton Elistratov, has given an interview to Vedomosti. The key highlights are as follows.
· The landbank was 20mn sqm as of YE20. In 1H21, net sellable area could add 20%. 60% of projects are in the Moscow region, the rest are in Moscow.
· EBITDA guidance is RUB20bn for 2021, RUB50bn for 2022 and RUB100bn for 2023.
· An SPO is targeted for august 2022 or spring 2023, implying a free float of 30% (vs. 5% now).
· Entry into the individual housing segment. The first project is to be in the Moscow region (200k sqm), equally split between individual and low-rise buildings. The total pipeline is five projects, with some 3,000ha of land. This line of the business is to be headed by Igor Evtushevsky (ex-CEO of Samolet) A regional expansion programme, headed by Alexander Prygunkov (ex-PIK COO), is to be launched. Two new projects are to be launched in St Petersburg, with 220k sqm and RUB21bn of investments. Plots are to be acquired in Krasnodar and the Urals (more details to follow).
· By 2023, the company's share in the Moscow Metropolitan Area (MMA) is to reach 20-30%.
126 RUSSIA Country Report August 2021 www.intellinews.com