Market indicators of operations

History

* Calculated according to IFRS for 2011
Indicator 2009 2010 2011
Market capitalization (according to MICEX) 53,383 79,344 85,106
P/E (market capitalization/net profit) 8.45 5.08 4.99
P/S (market capitalization/revenue) 0.63 0.72 0.67
EV, mln rubles 68,593 105,885 121,128
EBITDA*, mln rubles 31,071 37,420 41,773
EV/EBITDA 2.2 2.8 2.9

The P/E indicator, which describes the market value of the Company’s profit units, totaled 4.99 in 2011.

The P/S indicator, which reflects the Company’s investment appeal, was 0.67 in 2011.

EBITDA totaled 41,773 million rubles in 2011 (according to the IFRS financial statement). Growth was seen in this figure compared to 2010, which is a positive indication of the Company’s activities.

Market indicators of operations