|
Aeroflot JSC “Aeroflot - Russian Airlines” is the biggest international and domestic air carrier in Russia, the history of the company began in 1923. The total market share (passenger carriage) of Aeroflot among Russian companies makes up 24,7%. Aeroflot has the most numerous (111 aircraft) and up-to-the-minute fleet of all Russian air carriers. Aeroflot flies to 70 countries worldwide, the total number of destinations is 125 points. More than 15 000 people are currently employed in the company. Ownership structure: 51% is state-owned, 34% - foreign and domestic institutional investors, 15% belong to the company’s staff. In 2000 Aeroflot transported 5.1 million passengers and 107.5 thousand tones of cargo and mail. www.aeroflot.ru |
 |
|
Akin, Gump, Strauss, Hauer
& Feld LLP |
 |
|
Alfa-Bank Alfa Bank is one of the few Russian financial institutions to have survived the 1998 crisis with both its reputation and its balance sheet enhanced. Alfa Bank continues to experience unprecedented growth, with the number of corporate clients increasing by more than 70 percent over the last two years. The Bank is opening a new branch across the country every three-four weeks. It is the only Russian issuer to have repaid its Eurobond in full and on time. Alfa Bank was recently upgraded to a rating of “B-”(B minus) by Fitch IBCA and “CCC+”by Standard & Poor’s. These are the highest ratings for a private financial institution in Russia. In 2000, Alfa Bank was named the “Best Bank in Russia” by Euromoney’s Central European magazine (for the fourth year in a row), the “Best Russian Bank” by Global Finance magazine (for the second year in a row), “Highly Commended Bank” by Euromoney, and won the "Bank of the Year" award from The Banker magazine. For more information please contact: |
 |
|
Aton Capital |
 |
|
Baring Vostok Capital
Partners |
 |
|
Credit Suisse First
Boston |
 |
|
Golden Telecom |
 |
|
Hermitage Capital
Management, Moscow William F. Browder is the Managing Director and Chief Investment Officer of HCML. HCML employs a team of 12 people located full time in Moscow, Russia and 8 people in Guernsey, Channel Islands. Administration and back office are provided by HSBC in Guernsey. Credit Suisse (Moscow) acts as custodian for Russian shares of the fund. The Hermitage Fund has been ranked number
one in the world by: |
 |
|
IBG NIKoil NIKoil is Russia’s best-capitalised financial institution with a capital base in excess of $850m. The company combines Russian experience with Western market expertise. For the last two years, NIKoil Brokerage, a part of the NIKoil group, has been ranked either first or second in RTS (Russian Trading System) turnover; with an overall market share of between 20% and 30%. Client driven, its services are backed by outstanding professional and financial resources, superior knowledge of Russian business and government, and efficient operational management. NIKoil dates its origin from 1993, with the establishment of an investment company that actively co-operated with LUKOIL managing its conversion into a single vertically-integrated holding. Initially its strategy focused on investment businesses serving the real sector of Russia’s economy. By 1997 the company had evolved into the NIKoil Investment Banking Group (IBG) which works in different fields of business including commercial banking services, asset management, corporate finance and consulting, investment banking. IBG NIKoil Bank is the cornerstone of the NIKoil Group. It is one of post-Soviet Russia's oldest banks, having operated successfully in the financial market since 1990. The company has built its reputation by focusing exclusively on the petroleum, natural resources and engineering sectors which are the backbone of the Russian economy although with the rising importance of the SME sector NIKoil is expanding its services in this area. NIKoil has consistently expanded the range and depth of the services offered to clients until today the company serves a broad and internationally diverse range of clients. |
 |
|
The Nixon Center |
|
Novosibirskelectrosvyaz Service area 178.2 thousand sq. km, population 2.8 million. According the Russian magazine Expert (2000, 37) the Company takes 66th among the 200 largest Russian enterprises on market capitalization. It also takes the leading place on telecommunication services sales in Asian part of country. The Company is among the five best regional telecommunication companies according Svyazinvest financial rating. Shares are traded in Russian Trading System. |
 |
|
Ormeto-Yumz Heavy Engineering ORMETO-YUMZ HEAVY ENGINEERING was established in Orsk, Orenburg Region in 1942 as South Urals Engineering Works. ORMETO-YUMZ is an integrated industrial complex with its own smelting facility, foundry, press forging, welding, fabrication, assembly, tool manufacturing and roll production. Plant area in Orsk: 138.04 hectares • Staff: 5,800 ORMETO-YUMZ manufactures the following types of products:
ORMETO-YUMZ has been Russia’s leading producer of stacking-reclaiming and blending equipment for loose material storage facilities for over 40 years. Machines and equipment manufactured by ORMETO-YUMZ operate in 30 different countries. The largest deliveries have gone to industrial customers in India, Egypt, Iran, Turkey, Pakistan, Hungary, Bulgaria, Yugoslavia and Cuba. Over the past several years company’s sales have exhibited steady growth. In 2001 annual revenues of ORMETO-YUMZ in US$ are expected to increase by 44.2 %. |
 |
|
Prosperity Capital
Management |
 |
|
ru-Net Holdings ru-Net Holdings (www.ru-Net.ru) is an Internet and information technology group of companies that aims to accelerate the growth of young companies within Russian and international marketplaces by providing these organizations with financial, professional, and strategic resources to advance their leading market positions within their respective industries. Our corporate mission is to create value for entrepreneurs and shareholders by leveraging our network to expand and improve the performance of our companies. We are committed to developing new businesses and their technologies to speed the evolution of our group. Our strategic partners are Baring Vostok Capital Partners (www.BVCP.ru), Moscow-based investment bank United Financial Group (www.UFG.ru) and US venture capital company Rex Capital (www.RexCapital.com). After comprehensive research of the market, a team of Russian and Western venture capitalists and Internet and Information Technology business professionals created an investment company called ru-Net Holdings. The company raised US$20 million in initial capital and is run by a group of experienced managers who represent ru-Net's shareholders. ru-Net's strategy is to invest in companies which are leaders in their respective fields of Russian Technology, such as e-commerce, infrastructure and IT services. ru-Net has considered over 75 investment opportunities in the last 18 months and is highly selective in its investment practices. Its first three companies are leaders in their own segments of the Russian IT: • Ozon (www.Ozon.ru),
the leading e-tailer serving the global Russian speaking Internet
audience; Today, ru-Net is about to embark on its next
series of investments, focused on the IT Services industry and has
signed a number of letters of intent. |
 |
|
Severstal In the near term, Severstal hopes to examine the possibility of long-term partnerships with Western companies as well as explore a variety of niche markets – an area where the company feels it can best utilize its technical and marketing strengths. Eventually, Severstal aims to become a wholly Westernized steel company and a significant supplier to the international steel market. www.severstal.ru |
 |
|
Surgutneftegas Oil Company
Today the Company explores and develops 25 fields. In 2000 Company produced 40.6 million tons of crude and 11.1 billion. cub m. of gas. Refinery output accounted for 17.3 million tons. OAO “NK“Surgutneftegas” currently employs 84 466 people. Company has achieved great success over the years of its existence and ranks first in terms of development and exploratory drilling, gas production and capital expenditures. Company’s refinery ranks first in terms of refinery output in Russia. |
 |
|
Troika-Dialog |
 |
|
Tyumen Oil Company /
TNK Currently, TNK is one of the largest vertically integrated oil companies in Russia. The Company’s holdings include five upstream operations, and its downstream operations include two oil refineries in Russia and Ukraine and a network of distribution and marketing ventures in many regions. TNK is the second largest oil company in Russia, in terms of proven reserves. The volume of the Company’s reserves is assessed on a regular basis by the engineering firm Miller & Lents. As of January 01, 2000, TNK’s proven oil reserves were at 1,018 million tons, and proven underdeveloped reserves estimated at 2,421 million tons. TNK is ranked fourth in terms of volume of production among Russian oil companies. TNK is one of the few domestic oil companies operating its processing facilities at full capacity.www.tnk.ru |
 |
|
United Financial Group Former Minister of Finance Boris Fedorov, who founded UFG in 1994, set the firm on a course to provide research and advice to that rare breed of professional investor who saw opportunity in the unleashing of market forces in Russia. Investing in this dynamic environment, characterized by inadequate market infrastructure and poor transparency, requires an unusual investment firm – one dedicated to excellence and, in particular, to reliable and innovative execution suited to clients’ changing needs. UFG has successfully identified trends emerging in the Russian market and offers clients creative financial instruments to access opportunities. ru-Net Holdings Ltd., Russia’s first Internet aggregator which was co-founded by UFG and its clients, exemplifies this creative spirit. And while exploring new ideas is just one of our strengths, we believe our reputation is enhanced just as much by the deals that we did not do as by those that we did. We play an active role in developing Russia’s market infrastructure and promoting the adoption of a market-oriented and transparent corporate culture. UFG professionals dedicate their time to serving on the boards of all the market’s self-regulatory organizations, major exchanges and investor protection associations. We view this work as an integral part of our service to clients. We support the creation of a civilized market in Russia by actively promoting clients’ efforts to gain representation on the supervisory boards of Russia’s major companies. Boris Fedorov has championed the cause of better corporate governance in concert with our clients by representing them on the boards of several leading Russian corporations. UFG’s internationally-ranked Research Department prides itself on producing comprehensive reports on Russia’s major companies, macroeconomic and political developments and market trends. Clients rely on our research in formulating their investment strategies in Russia. They know they are in good hands, entrusting the execution of their plans to our experienced Sales and Trading team. UFG also boasts the market’s leading Investment Banking team, providing structured products, corporate finance and mergers and acquisitions advisory services. Our collective talents and experience cover a diverse range of the most important Russian economic sectors, including oil and gas, telecommunications, technology and media, power generation, consumer products and transportation. United Financial Group is a truly independent investment bank in a market characterized by financial-industrial groups. We understand the value of our independence, which in turn shapes our unique view of the market. By focusing on long-term solutions rather than short-lived advantages, we offer a fresh market outlook based on objective and unbiased information and sound analysis. UFG’s strategy is founded on the principle that the best way to ensure our own profitability is to guard and serve our clients’ interests. For almost six years, UFG has been dedicated to assisting the premier institutional investors, corporations and high net worth individuals in navigating the turbulent Russian capital markets. We negotiated the Russian financial crisis of 1998 with our capital, team and reputation intact. We not only survived the storm, but also improved the quality and scope of the services we provide to our clients. We are committed to the belief that Russia’s renewed economic and political stability will bring the exceptional opportunities and returns our clients expect. www.ufg.com |
 |
|
United Heavy Machinery United Heavy Machinery was created in 1996. The backbone of the Company is formed by several heavy engineering companies: Uralmash, (Ekaterinburg), Izhorskiye Zavody, (Saint-Petersburg), Krasnoe Sormovo (N.Novgorod) as well as Welding Plant, Drilling Techniques - VNIIBT, Heavy Engineering Research Institute and others. The Company employs more than 40 thousand people. United Heavy Machinery holds leading positions at the Russian market of drilling, mining, metallurgical equipment, equipment for nuclear power plants, shipbuilding as well as in manufacturing of major semi-finished products from special steels. The order book of the Company exceeds 700 mln. US dollars. United Heavy Machinery currently performs a total restructuring scheme to concentrate the Company production at the major profitable and perspective businesses and increase labour productivity twice within the nearest three years. United Heavy Machinery performs IAS audit since its foundation. The auditing company is Ernst&Young. Along with the efforts to keep all the operations transparent to investors and shareholders it allows the Company to enjoy actively operating market of its ADRs/GDRs including trading at the Berlin, Munich and Stuttgart stock exchanges. The Company performed a successful private placement of shares in 1997. Since year 2001 the Company started a program of American Depositary Receipts Level One. |
 |
|
The World Bank Taken from The World Bank Annual Report 2000. |
|
YUKOS Reserves YUKOS’ total proven reserves amounted to 11.4 billion barrels, according to the December 31, 1999 audit by Miller & Lents. Most of the reserves are located in west Siberian fields, but some are located in European Russia, closer to customers. Reserves include one of Russia’s largest oil fields, Priobskoye, with proven reserves of 4.1 billion barrels. YUKOS plans further acquisitions and exploration ventures this year both in Russia and abroad. Production YUKOS’ three main production units are Samaraneftegas in European Russia, and Yuganskneftegas and Tomskneft in Siberia. YUKOS now controls more than 90 percent of the shares in each subsidiary. Yuganskneftegas is the largest, accounting for 59 percent of output. YUKOS’ total production in 1999 amounted to 44.5 million tons or 15 percent of the Russian industry’s total. The year 2000 saw an unparalleled growth of 11.4%, or 5.1 million tons, in YUKOS’ oil production, which amounted to 49.6 million tons of crude according to preliminary estimates. YUKOS is at the forefront of petroleum exploration and production technology in Russia. Through a strategic partnership with the oilfield service company Schlumberger – the first one of its kind in Russia – YUKOS is implementing a well re-evaluation program, a production intensification campaign and a training program to increase efficiency and optimize production. On selected wells, production rates were increased by 30 to 200 percent by applying the newest international techniques. YUKOS also places strong emphasis on implementing the highest standard of reservoir management. Another alliance has been established with Kvaerner ASA, the Anglo-Norwegian construction and engineering group, for the overall development of the surface facilities of the Priobskoye oilfield. Refining YUKOS’ four refineries, three in the Samara region and one in Achinsk had a combined refining throughput of 26.7 million tons of crude in 2000 according to preliminary estimates. Together they account for 17 percent of oil refined in Russia, and produce a broad range of products from diesel and gasoline to lubricants and solvents. Marketing YUKOS exports approximately a third or more of its crude, including to the CIS countries, mainly via the Baltic Sea ports, the Black Sea and the Druzhba pipeline to Western Europe. Oil products are predominantly sold on the domestic market, both at the refinery gate and through local wholesale and retail networks. Approximately 35 percent of products are exported. YUKOS is investing heavily to further develop its domestic retail systems, especially its network of gas stations, which already is the biggest in Russia. Services To further increase efficiency and, as is standard practice in the oil industry, YUKOS has set up a separate oil service company currently employing 45,000 people. |
 |