MOSCOW METROSTROY
Russian building company
OJSC "Mosmetrostroy" is a versatile multifunctional
construction company solving a vast variety of technical issues
while executing all sorts of works, tunneling to design and
decorating to track-laying to assembling-manufacturing of
construction and finishing materials.
Corporate Structure
OJSC MOSMETROSTROY
CJSC «SMU–4 Mosmetrostroya»,
share of participation – 100%
LLC «OGBK Mosmetrostroya»,
share of participation – 100%
USR Mosmetrostroya,
share of participation – 100%
KSUM Mosmetrostroya,
share of participation – 100%
UMM Mosmetrostroya,
share of participation – 100%
CJSC «Ochakovsky Factory of ZBK»,
share of participation – 49%
LLC «SMU–5 Mosmetrostroya»,
share of participation – 100%
CJSC «TO-6 Mosmetrostroya»,
share of participation – 100%
LLC «Metrostroy Invest»,
share of participation – 98%
CJSC «SMU–9 Mosmetrostroya»,
share of participation – 100%
LLC «Tunnel–2001»,
share of participation – 75%
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The company
 Created in 1931 and involved primarily in Metro construction.
 One of the leading Russian building companies.
 177 stations and 288 km of metro lines, more than 30 km of
motorways, auto tunnels and junctions constructed so far.
 Large contracts for road construction and successful inroads
in building construction business segments.
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Key Managers
 Gennady Shtern – General Director
Has graduated from Samara Technical University as technical specialist
– Bridges and Tunnels;
Has unparalleled experience working for 23 years in metro planning
and building in several executive positions.
 Evgeny Kashin – First Deputy of General Director
Has PhD in Science from Plekhanov Russian Academy of Economics.
 Leonid Astrin – Financial Director
MBA from Kellogg's Business School.
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Financials
Accounting data (for the last 5 years):
million USD
Index
2004
2005
2006
2007
2008
Turnover
215,1
495,2
558,4
882,6
915,1
Total Assets
100,4
167,6
224,6
578,3
362,6
Current Assets
87,9
119,7
189,7
538,8
253,9
Current Liabilities
79,4
145,0
144,3
370,9
275,5
Profit before taxes
8,3
3,5
2,1
2,3
1,5
Net profit
8,1
2,0
1,5
0,4
-1,9
Working Capital
8,5
-25,4
45,5
167,9
-21,6
Equity
18,1
18,7
21,5
23,8
48,7
EBITDA
12,5
6,0
7,9
16,4
27,5
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Financial Conditions
Financial Ratios (for the last 5 years)
Index
Current ratio
Comment
Current assets/
2004
2005
2006
2007
2008
1,1
0,8
1,3
1,5
0,9
Current liabilities
Equity to Total
Assets
Equity/Total
assets
0,2
0,1
0,1
0,04
0,1
Financial
leverage
Short term bank
loans/Equity
2,1
4,5
2,5
3,3
0,4
Return on sales
(ROS),%
Net profit/net
sales volume
3,8
0,4
0,3
0,04
-0,2
Return on
assets (ROA),%
Net profit/Assets
8,0
1,2
0,7
0,07
-0,5
Return on
equity (ROE),%
Net profit/Equity
44,5
10,5
6,9
1,6
-3,9
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Business Strategy
 Strengthening its leadership on metro
construction market.
 Increasing its presence in road
construction segment.
 Developing its business of
construction of underground part of
buildings.
 Image improve of the company by
increasing of quality of works and
decreasing of term of construction.
 Expanding in Russian regions and
abroad.
 Participation in tenders spent in
Russia and abroad.
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Company Strength
 Solid core business.
 Succesfull and growing in new
business segments.
 Strong management team.
 Strong political support and network
in Russia.
 Experience with international
contracts.
 High technical level.
Market Share
 The share of OJSC "Mosmetrostroy" on Moscow metro construction
market is about 67% now and the company plans to hold it.
 The share of OJSC "Mosmetrostroy" on Moscow road construction
market is about 10%
Metro construction in 2008
Other companies
33%
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Mosmetrostroy
67%
Road construction in 2008
Other companies
90%
Mosmetrostroy
10%
Clients and Projects
 The main clients of OJSC "Mosmetrostroy" are
federal and municipal government, such as Direction
of the Moscow Underground
 The second large group of the company clients are
general contractors involving "Mosmetrostroy" as a
subcontractor
 The third group are commercial organizations
involving «Mosmetrostroy» in construction of private
objects
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Recently completed projects
Krasnopresnenskaya motor highway. Tunnel section
 Tunnel – 3 126 km (with ramp part), 1 511 m of tunnels were constructed using
closed technique and are a structure of 3 tunnels: two for transport with 3-lane
motor road in the upper part of the tunnel and subway in the lower part, and
one for service.
 Earth pressure balanced tunneling with TMB “Herrenknecht” Ø14.2m
(transport tunnel) and TMB “Lovat” Ø6.28m (service tunnel)
 Execution of all construction works without damaging environment and
landscape
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Recently completed projects
Krasnopresnenskaya motor highway. Guyed Bridge “Zhivopisny”
 The unique arch over the Moskva River with 409 span and hanging 2-level
ellipsoid with panoramic glazing, a viewing point and a restaurant.
 Type of the bridge: cable-stayed, the suspenton arche is central-positioned.
total length: 1372,5 m, main span: 409,5 m, traffic area width: 45 m
 The bridge was awarded the Gold Medal at the International Exhibition
in Brussels.
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Recently completed projects
Lyublinsko-Dmitrovskaya line of metro (section «Chkalovskaya- Trubnaya»)
 The tunnel section – 3,72 km.
 Drill and Blast excavation
 Works close to working metro lines
 Complex interchange schemes for operating stations
 Two deep unique metro stations: “Trubnaya” and “Sretenskiy bulvar”
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Projects in progress
GREATER ISTANBUL WATER SUPPLY PROJECT
Bosphorus Tunnel Completion Construction
 The Bosporus Tunnel will
provide the connection between
Asia and Europe across the
Bosporus Channel.
 Total length of proposed
Bosporus tunnel is about 5500m
of which some 1500m below sea
water body.
 The tunnel planned to be
constructed as a single bore with
an excavated diameter of some
6.11m for TBM section and
5.14m for conventional section
allowing a final reinforced
concrete lining to be placed with
a 4.0 m internal diameter.
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Projects in progress
Lyublinsko-Dmitrovskaya line of metro (section «Trubnaya - Maryina Roshcha»)
 The tunnel section – 2,96 km. Tunnel diameter - from 5.5 m to 10.0 m.
 Two deep unique metro stations: “Dostoevskaya” and “Maryina Roshcha”
 Drill and Blast excavation. Support is cast iron and reinforced concrete tubes.
 Works close to working metro lines
 The beginning of works in 2007. The end of works in 2009.
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Projects in progress
Arbatsko-Pokrovskaya line of metro (section «Strogino-Mitino»)
 The tunnel section – 6,8 km. Tunnel diameter – 5.5 m.
 3 metro stations constructed by cut and cover method.
 The section has the metro bridge across the Moskva River between the stations
of “Myakininskaya” and “Volokolamskaya”
 Earth pressure balanced tunneling with shield mechanized complexes.
 The end of works in 2009.
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Future Projects
Metro construction:
Lyublinsko-Dmitrovskaya line – 12,37 km long
Mitinsko-Stroginskaya line – 8,5 km
Kalininskaya line – 3,23 km
Tagansko-Krasnopresnenskaya line – 3,38 km
Zamoskvoretskaya line – 2,9 km
Solncevskaya line – 25,76 km
Road construction:
Central Ring highway (CKAD) – constructed in Moscow suburbs
Moscow – St. Petersburg highway
Fourth Transport Ring of Moscow
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