- •Cfa Society of Russia
- •Appendix d - comparable companies
- •Appendix e – ftse value stock screening criteria
- •Appendix f - macroeconomic assumptions
- •Appendix h – main suppliers
- •Appendix I – customers
- •Appendix j – mostotrest’s acquisitions
- •In cfd mst operates through:
- •5 Branches and 1 factory in Moscow and Moscow region;
- •Appendix n – projects completed by mostotrest in 2009-2012
- •Appendix o – mostotrest’s current projects (1/2)
- •Appendix o – mostotrest’s current projects (2/2)
- •Appendix p - board of directors structure
- •Appendix r - сompliance with the requirements of the exchanges listing rules to corporate governance (2/3)
- •Appendix t – swot analysis
- •The likelihood of new entry
- •The costs of entry are high
- •Firms who have experience and reputation in the industry have major advantages
- •The major client in the industry is the government, consequently, the loyalty to the existing companies is very high
- •Rivalry determinants
- •There are a few companies that have major share of the market
- •The existing firms will fight hard in order to survive because they cannot easily transfer their resources elsewhere
- •There is a big brand loyalty, as well as the good political relations of the owners of the company
- •Competitive rivalry within an Industry
- •In fact there are many companies with which Mostotrest successfully cooperates.
Appendix h – main suppliers
As at 31.03.2011 |
|
Name of the company |
Share in total supplies,% |
Mosstroyindustry |
21 |
Mechel-Service |
11 |
NPO Mostovik |
11 |
As at 31.12.2010 |
|
Name of the company |
Share in total supplies,% |
Mosstroyindustry |
15 |
Mechel-Service |
10 |
As at 30.09.2009 |
|
Name of the company |
Share in total supplies,% |
Mechel-Service |
12 |
Mosstroyindustry |
11 |
Source: Company Data
Appendix I – customers
Federal state agencies |
Federal highway agency, Rosavtodor |
Federal railway agency, Roszheldor |
|
Federal air transport agency, Rosaviatsiya |
|
Federal marine and river transport agency, Rosmorrechflot |
|
State corporations |
"Russian Railways" |
State Company Rossiyskie Avtomobilnie Dorogi |
|
Regional authorities |
Moscow city government |
State authority for highways, under the administration of the Vladimir region |
|
State authority for highways, under the administration of the Nizhny Novgorod region |
|
Yardorsluzhba State authority for the highways in the Yaroslavl region |
|
Municipal authorities |
Administration of Nizhny Novgorod |
Agency for municipal orders in housing maintenance and the utilities board of Yaroslavl |
|
Department for city construction at the mayor’s office in Yaroslavl |
|
Chief authority for highways and transportation of the Nizhniy Novgorod region |
|
The department for highways and arrangement of highway traffic in Rostov-on-Don |
|
Private customers and PPP concessionaries |
Private construction companies |
Concessionaries for "public private partnerships" |
|
North-West concession company |
Source: Company Data, A-team analysis
Appendix j – mostotrest’s acquisitions
Name |
Region |
Date |
Ownership |
Products/Services |
Revenue (2011) |
Corporation Engtransstroy |
Russia |
2010 |
51% |
Highway, railway, airport, port, in-land waterway and bridge engineering and construction management. |
36,268 |
Transstroymekhanisatsiya |
Russia |
2010 |
50.1% |
Highways (both concrete and asphalt) and airport infrastructure construction. Also it carries out excavation and demolition of buildings and airport infrastructure construction. |
17,618 |
Mostostroy-11 |
Russia |
2010 |
25% |
Construction and overhaul of road, railway and urban bridges, overpasses and other objects of industrial and civil use. |
9,189 |
United Toll Systems |
Russia |
N/A |
51% |
Implementation of projects of operating toll roads, development and implementation of optimal technological solutions using intelligent control system of roads. |
N/A |
Nationalnaya industrialnaya torgovaya palata |
Russia |
2012 |
60% |
Overhaul and maintenance of highway and bridge constructions. |
N/A |
New acquisitions |
|
|
|
|
|
North-Western concessional company |
Russia/ France |
2012 |
50% |
Concessionaire of Moscow-St.Petersburg highway. |
3,221 |
United Toll Systems |
Russia |
2012 |
33.3% |
Implementation of projects of operating toll roads, development and implementation of optimal technological solutions using intelligent control system of roads. |
N/A |
Source: Company data, A-Team analysis
APPENDIX K - REGIONS OF OPERATION