SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011 SCM GROUP PUBLIC REPORT 2011
Gorlovskiy Mashinostroitel Engineering Plant (Mining Machines Group) successfully passed the re-certification audit to comply with ISO 9001:2008 standard. DTEK won the tender of the State Property Fund of Ukraine for the sale of a 40% share in Donetskoblenergo. The purchase price was $58m. As a result, DTEK acquired a 71.34% share in the company. DTEK signed an agreement with the State Property Fund of Ukraine for the purchase of a 45% stake in Zapadenergo at $242m – $4.32m higher than the price, determined by the independent valuator. As a result, DTEK acquired a 70.94% share in the company. February DTEK signed a 3-year, $110m multi-currency revolving credit facility with Ukrsotsbank. The funding will be used for the replenishment of DTEK's working capital. DTEK signed a 3-year, $150m line of credit with UniCredit Bank Austria AG. The funding will be used for the general corporate purposes, including working capital replenishment and financing capital repairs, in line with the company's longterm development strategy. March DTEK Holdings B.V. acquired a 95.4% share in Belozerskaya Mine. Metinvest and Krivoy Rog City Council signed an agreement for long-term cooperation and joining efforts in resolving the local social issues. Signing the agreement was a part of Metinvest's new social policy. The overall investment volume in the city's social programs in 2012 was increased twofold – to $5m. 70 DTEK signed an agreement with the State Property Fund of Ukraine for the purchase of a 25% share in Dneproenergo for $147m ($0.68m higher than the price, offered by DTEK at the privatization tender on January 11, 2012). The price of the share was determined by the independent valuator as of March 1, 2012. The initial purchase price of $147m was set by the State Property Fund of Ukraine. As a result of the transaction, DTEK acquired a 72.93% share in Dneproenergo. Dneproenergo completed the certification of its occupational safety and environmental management systems to comply with OHSAS 18001:2007 and ISO 14001:2004 standards. SCM Group completed a number of corporate transformations, aimed at increasing transparency and investment attractiveness of its business.The transformations were aimed at separting the functions of business management and ownership. As a result, SCM Company will be performing a strategic management function, while SCM Holding Limited (Cyprus) will be performing an ownership funcion of all SCM Group's assets. Since 2012 all shares of SCM Company and SCM Holdings Limited are directly owned by Rinat Akhmetov (previously Rinat Akhmetow owned SCM Holdings Limited indirectly, through SCM Company). April HarvEast holding signed a $7m, 5-year leasing agreement with OTP Leasing. The funding will be used to upgrade the agricultrual machinery. Within the framework of the investment program, the following will be purchased: cultivation, tillage, and seeding machinery, as well as harvesting and storage equipment. DTEK won the tender of the State Property Fund of Ukraine for the sale of a 50% share in Dneprooblenergo with the purchase price of $82.6m. Upon completing the transaction, DTEK acquired a 51.505% share in the company.
SCM, Metinvest, and DTEK presented the Social Partnership Program, uniting all sustainability initiatives of SCM Company and its businesses, focused on the infrastructural and business development, as well as education, health, environment, energy efficiency, culture, and sport in their regions of presence. In 2012, more than $20m will be allocated for the Program funding. SCM launched an online portal (www.sustainability.scm. com.ua) with consolidated information on all CSR and sustainability initiatives of the Group. ESTA Group opened Park Inn by Radison hotel in Donetsk, managed by The Rezidor Hotel Group. 71 May SCM GROUP PUBLIC REPORT CREATING SUSTAINABLE VALUE DTEK signed an agreement with the State Property Fund of Ukraine for the purchase of a 45% share in Krymenergo for $31m. As a result, DTEK acquired a 57.49% share in Krymenergo. Key post-reporting period events 2012
- Page 20 and 21: MARTA MOONEN HUMAN RESOURCES DIRECT
- Page 22 and 23: SCM Group corporate transformation
- Page 24 and 25: SCM Group's assets structure 2011 M
- Page 27 and 28: SCM Group's business Mining and met
- Page 29 and 30: United Coal Company - one of the le
- Page 31 and 32: Metinvest Group's key production in
- Page 33 and 34: Ilyich Steel plant began the implem
- Page 35 and 36: Trading DTEK Trading - carries out
- Page 37 and 38: Electric power export, m, KW•hour
- Page 39 and 40: Coal mining and enrichment The grow
- Page 41 and 42: ASKA financial indicators 41 SCM GR
- Page 43 and 44: 43 SCM GROUP PUBLIC REPORT CREATING
- Page 45 and 46: Portinvest Holding was created in 2
- Page 47 and 48: SCM Group is a significant player i
- Page 49 and 50: Focus points of the year Ukraine Te
- Page 51 and 52: Investments The total volume of inv
- Page 53 and 54: Total clay mining volume, m, tonnes
- Page 55 and 56: Parallel manages SCM Group’s asse
- Page 57 and 58: Vega Telecommunications Group (Vega
- Page 59: Associated companies are businesses
- Page 62 and 63: Our main social goal is to make the
- Page 64 and 65: Our main environmental activities:
- Page 66 and 67: • Funding and supporting programs
- Page 69: Key postreporting period events 201
- Page 73 and 74: Media Ukraine Media Group Ukraine,
<strong>SCM</strong>, Metinvest, and DTEK presented the Social Partnership<br />
Program, uniting all sustainability initiatives of <strong>SCM</strong> Company<br />
and its businesses, focused on the infrastructural and<br />
business development, as well as education, health, environment,<br />
energy efficiency, culture, and sport in their regions<br />
of presence. In 2012, more than $20m will be allocated for<br />
the Program funding.<br />
<strong>SCM</strong> launched an online portal (www.sustainability.scm.<br />
com.ua) with consolidated information on all CSR and sustainability<br />
initiatives of the Group.<br />
ESTA Group opened Park Inn by Radison hotel in Donetsk,<br />
managed by The Rezidor Hotel Group.<br />
71<br />
May<br />
<strong>SCM</strong> <strong>GROUP</strong> <strong>PUBLIC</strong> <strong>REPORT</strong><br />
CREATING SUSTAINABLE VALUE<br />
DTEK signed an agreement with the State Property Fund<br />
of Ukraine for the purchase of a 45% share in Krymenergo<br />
for $31m. As a result, DTEK acquired a 57.49% share in Krymenergo.<br />
Key post-reporting period events 2012
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