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OJSC MAGNIT: December/12M 2012 Results

Press-release 
Krasnodar 
January 10, 2013 
OJSC "Magnit" Announces 35% Retail Sales Growth in Rubles for December 2012 
Krasnodar, January 10, 2013: OJSC "Magnit" (the "Company"; MICEX
and LSE: MGNT) announces 35% retail sales growth in rubles for December
2012[1]. 
During 12M 2012 the Company opened (net) 1,575 stores. The total
store base reached 6,884 stores (6,046 convenience stores, 126 hypermarkets,
20 "Magnit Family" stores and 692 cosmetics stores). Preliminary consolidated
unaudited net retail revenue (excl. VAT) in 12M 2012 increased by 33.63% in
ruble terms (compared to 12M 2011) and stood at 448,486.20 million rubles. 
December 2012 Key Operating and Financial Highlights:       page 2 
4Q and 12M 2012 Key Operating and Financial Highlights:     page 3 
LFL results.                                                page 4 
For further information, please contact: 
Oleg Goncharov                  Director, Investor Relations 
                              e-mail: Goncharov@gw.tander.ru 
                              Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 
ext. 5100 
                              Mob.: +7 (903) 411-40-35 
                              Direct line for investors only: +7 (861) 277-45-62
Dina Svishcheva                 Manager, Investor Relations 
                              e-mail: Chistyak@gw.tander.ru 
                              Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 
ext. 5101 
                              Mob.: +7-961-511-02-02 
                              Direct line for investors only: +7 (861) 277-45-62 
December 2012 Key Operating and Financial Highlights: 
                              December 2012    December 2011      Growth 
Rate
Number of opened stores, NET                  407              286              
 n/a 
          convenience stores              293              223              
 n/a 
                hypermarkets               13               13              
 n/a 
               magnit family                3                0              
 n/a 
            cosmetics stores               98               50              
 n/a 
Total number of stores                      6,884            5,309              
 n/a 
          convenience stores            6,046            5,006              
 n/a 
                hypermarkets              126               90              
 n/a 
               magnit family               20                3              
 n/a 
            cosmetics stores              692              210              
 n/a 
Selling space, thousand sq. m.           2,549.26         1,970.16            
29.39% 
          convenience stores         1,977.46         1,637.83            
20.74% 
                hypermarkets           387.62           278.45            
39.21% 
               magnit family            24.36             3.80              
 n/a 
            cosmetics stores           159.83            50.09              
 n/a 
Number of customers, million               196.11           162.30            
20.83% 
          convenience stores           175.30           149.91            
16.94% 
                hypermarkets            15.35            10.73            
43.01% 
               magnit family             1.81             0.29              
 n/a 
            cosmetics stores             3.65             1.37              
 n/a 
Net retail sales, million RUR           51,779.25        38,472.95            
34.59% 
          convenience stores        39,895.20        31,254.32            
27.65% 
                hypermarkets        10,129.09         6,759.60            
49.85% 
               magnit family           732.01           112.47              
 n/a 
            cosmetics stores         1,022.96           346.55              
 n/a 
Net retail sales, million US$[2]         1,684.38         1,223.11            
37.71% 
          convenience stores         1,297.79           993.62            
30.61% 
                hypermarkets           329.50           214.90            
53.33% 
               magnit family            23.81             3.58              
 n/a 
            cosmetics stores            33.28            11.02              
 n/a 
4Q and 12M 2012 Key Operating and Financial Highlights: 
                                 4Q 2012     4Q 2011   Growth Rate   12M 
2012    12M 2011   Growth Rate
Number of opened stores, NET               765         542          n/a       
1,575       1,254          n/a 
            convenience stores         523         413          n/a       
1,040       1,004          n/a 
               hypermarkets[3]          21          17          n/a         
 36          40          n/a 
                 magnit family           9           0          n/a         
 17           2          n/a 
              cosmetics stores         212         112          n/a         
482         208          n/a 
Total number of stores                   6,884       5,309          n/a       
6,884       5,309          n/a 
            convenience stores       6,046       5,006          n/a       
6,046       5,006          n/a 
               hypermarkets[3]         126          90          n/a         
126          90          n/a 
                 magnit family          20           3          n/a         
 20           3          n/a 
              cosmetics stores         692         210          n/a         
692         210          n/a 
Selling space, thousand sq. m.        2,549.26    1,970.16       29.39%    
2,549.26    1,970.16       29.39% 
            convenience stores    1,977.46    1,637.83       20.74%    
1,977.46    1,637.83       20.74% 
                  hypermarkets      387.62      278.45       39.21%      
387.62      278.45       39.21% 
                 magnit family       24.36        3.80          n/a       
24.36        3.80          n/a 
              cosmetics stores      159.83       50.09          n/a      
159.83       50.09          n/a 
Number of customers, million            549.44      445.77       23.26%    
2,033.43    1,644.43       23.66% 
            convenience stores      497.07      415.46       19.64%    
1,863.62    1,550.28       20.21% 
                  hypermarkets       39.47       26.81       47.22%      
137.69       87.97       56.53% 
                 magnit family        4.34        0.82          n/a        
8.87        2.20          n/a 
              cosmetics stores        8.56        2.68          n/a       
23.25        3.98          n/a 
Net retail sales, million RUR       129,153.84   95,500.24       35.24%  
448,486.20  335,607.39       33.63% 
            convenience stores  102,481.13   79,660.18       28.65%  
364,236.40  287,731.79       26.59% 
                  hypermarkets   22,881.23   14,925.23       53.31%   
75,418.70   46,185.07       63.30% 
                 magnit family    1,583.85      286.17          n/a    
3,098.58      797.71          n/a 
              cosmetics stores    2,207.63      628.66          n/a    
5,732.51      892.82          n/a 
Net retail sales, million US$[4]      4,155.97    3,057.93       35.91%   
14,424.02   11,420.11       26.30% 
            convenience stores    3,297.68    2,550.73       29.28%   
11,714.42    9,790.99       19.64% 
                  hypermarkets      736.28      477.91       54.06%    
2,425.58    1,571.59       54.34% 
                 magnit family       50.97        9.16          n/a       
99.66       27.14          n/a 
              cosmetics stores       71.04       20.13          n/a      
184.37       30.38          n/a 
LFL results 
LFL growth 4Q 2012 - 4Q 2011[5]          Convenience stores     Hypermarkets     
    Total
Average ticket (excluding VAT), RUR             7.60%               6.19%        
    7.83%
Traffic                                         0.38%               4.93%        
    0.62%
Revenue, RUR                                    8.01%              11.43%        
    8.50% 
LFL growth 12M 2012 to 12M 2011[6]       Convenience stores     Hypermarkets     
    Total
Average ticket (excluding VAT), RUR             5.73%               3.23%        
    5.63%
Traffic                                        (0.46)%              2.07%        
   (0.35)%
Revenue, RUR                                    5.25%               5.36%        
    5.26% 
Company description: 
Headquartered in the southern Russia city of Krasnodar, Magnit (LSE
and MICEX: MGNT) is the holding company for a group of entities that operate
in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is
one of the leading food retail networks in Russia. As of December 31, 2012 the
chain consisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit
Family" stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns
throughout the Russian Federation. 
Approximately two-thirds of the Magnit's stores are located in
cities with a population of less than 500,000 inhabitants. Most of its stores
are located in the Southern, North-Caucasian, Central and Volga regions. The
Company also operates stores in the North-Western, Urals and Siberian regions. 
As of December 31, 2012 Magnit operated an in-house logistics
system consisting of 18 distribution centers, employing automated stock
replenishment systems and a fleet of 4,401 vehicles. 
In accordance with the reviewed IFRS consolidated financial
statements for 1H 2012, the Magnit recorded consolidated revenues of
approximately $6.7 billion USD and a consolidated EBITDA of $671 million USD. 
--------------------------------- 
[1] According to management accounts 
[2] Based on the average exchange rate for December 2012 of 30.7408 RUB per 1
USD, December 2011 - 31.4551 RUB per 1 USD 
[3] On May 14, 2012 the Company announced the reformatting of 5
hypermarkets to Magnit Family stores. Detailed information can be obtained
from the press-release
http://www.magnit-info.ru/upload/iblock/f08/f081571bdef1933b951446680a26bf40.pdf 
[4] Based on the average exchange rate for 4Q 2012 of 31.0767 RUB per 1 USD,
4Q 2011 - 31.2304 RUB per 1 USD, 12М 2012 - 31.0930 RUB per 1 USD, 12M 2011 -
29.3874 RUB per 1 USD 
[5] Based on 3,833 convenience stores which were opened by April 1,
2011, and 50 hypermarkets which were opened by February 1, 2011, i.e. based on
the result of the convenience stores that had been operating for not less than
six months and hypermarkets that had been operating for not less than eight
months and have achieved a mature level of sales 
[6] Based on 2,465 convenience stores which were opened by July 1,
2010, and 25 hypermarkets which were opened by May 1, 2010, i.e. based on the
result of the convenience stores that had been operating for not less than six
months and hypermarkets that had been operating for not less than eight months
and have achieved a mature level of sales 
END 
-0- Jan/10/2013 07:00 GMT
 
 
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