Milestones and results

Strategy implementation

The implementation cycle of the current Inter RAO Strategy will be completed in 2020. In 2019, the Company’s management decided to start working on preparing an updated Inter RAO Strategy. The document is being drafted for the period until 2025 with a view to 2030. The Strategy is expected to be submitted to the Board of Directors for consideration in May 2020.

In 2020 the strategic targets

have been achieved as a whole

EBITDA target achieved

The target level of installed capacity was not achieved primarily due to changes in the Group’s perimeter as regards foreign assets and the decommissioning of 3.7 GW of obsolete inefficient capacity from 2010 to 2019

The target volume of foreign trade operations was achieved, and foreign trade operations remained at the same level despite an expected decline

EBITDA margin target achieved

The target level for the share of the Russian retail market was achieved

The target level for the share of IFRS net profit allocated for dividend payment was achieved