TOTAL
ORDER
Annual Report
2014
MAJOR BUSINESS DIVISIONS

In 2014 we followed policy of “Udmurtsky khladokombinat” JSC and “Permsky khladokombinat “Sozvezdie” JSC development as distribution-logistics complex of the Holding Company. We invested in their modernization and increase in production capacity.

In 2014 we improved distribution system at “Permsky khladokombinat “Sozvezdie” JSC involving maximum outlets into sales system. We automated customer relations, installed Warehouse Management System, which automated inventory control with the help of bar code. At year end client base and trade turnover grew by 45%. In 2015 we want to establish trading company “Sozvezdie”, which will distribute products of the Holding Company within the Perm region and neighboring regions. To provide more efficient distribution within the Udmurt Republic we are planning to build 10 000 m2 logistic center in Izhevsk at “Udmurtsky khladokombinat” JSC.

At the same time we carried out equipment modernization with investments over 124 million rubles. We proceeded reconstruction of the region largest cryogenic warehouse with the capacity of 8 000 tons at “Udmurtsky khladokombinat” JSC. In 2015 all the refrigerators will be turned to Freon.

In 2014 we launched fresh-frozen packed fish production with the capacity of 8 thousand tons per year at “Permsky khladokombinat “Sozvezdie”. Automated line makes fish freeze quenching, glazing and vacuum packing, which extends date of expiry. In 2014 the Department increased fish production capacity by 19% and produced 4 260 tons. In 2015 we are going to raise the efficiency twice: therefor we will start step-by-step fish processing production reconstruction at “Udmurtsky khladokombinat” JSC.

In 2014 “Khladokombinat Icevita” implemented investment project to launch packed fresh-frozen fish production at Permsky khladokombinat “Sozvezdie”

LINE EXTENSION

In 2014 in cooperation with Tetra Pak we also developed ice-cream factory project with the capacity of 11 500 tons at “Permsky khladokombinat “Sozvezdie” JSC. At the same time we kept on yielding new kinds of ice-cream. We launched premium brand ice-cream production “Angelato”; its recipes are based on the most popular Italian desserts. We proceeded license agreement with the leading film companies: we issued wide range of ice-cream assortment under the “Rio-2” brand-name under the “20th CenturyFoxFilmCorporation” license. In the end of 2014 we made one more agreement with the “20th CenturyFoxFilmCorporation” for producing ice-cream under “The Simpsons” brand-name.

KEY PERFORMANCE INDICATORS

Indicator 2011201220132014
Sales revenue, million rubles 4 3685 6464 5452 938
Net profit, million rubles 6-18-84*111
Net assets, million rubles 163857*112
EBITDA, million rubles 13912158*207
EBITDA, % 3,22,11,37,1
*The indices change is caused by the conversion of distribution sector into “Trading Company” a branch of “KOMOS GROUP” LLC

PRODUCTION DYNAMICS

Fish products, tonnes
2 456
2 565
3 589
4 260
9 136
2011
2012
2013
2014
2015
(forecast)
Ice cream, tonnes
1 363
2 358
2 904
2 750
4 297
2011
2012
2013
2014
2015
(forecast)