1. OJSC «OGK-2»
3M 2013 IFRS Results
May 27, 2013

2. Disclaimer
The information contained herein has been prepared using information available to JSC “OGK-2”( hereinafter - OGK-2 or the Company) at the time of preparation of the presentation. Since making a presentation, on the activities of OGK-2 and the content of the presentation could affect the external or other factors. In addition all relevant information about OGK-2 may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information.
Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty. OGK-2 cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors.
This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in OGK-2, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.

3. OGK-2: Operational and Financial Highlights
Operational Highlights1
Financial Highlights, mn RUR
3M 2012
3M 2013
Change
Electricity Output, mn kWh
21,100
18,509
-12.3%
Effective Electricity Output Without Regard to Financial Operations, mn kWh
22,080
19,246
-12.8%
Heat Output, thousand Gcal
2,378
2,480
+4.3%
Fuel Rate on Electricity, g/kWh
350.6
346.6
-1.1%
Fuel Rate on Heat, kg/Gcal
151.6
151.3
-0.2%
Installed Capacity Utilization Factor, %
54.0
47.6
-6.4 p.p.
3M 2012
3M 2013
Change
Revenue
27,118
28,145
+3.8%
Operating Expenses
(25,635)
(24,612)
-4.0%
Operating Profit
1,367
3,587
+162.4%
EBITDA2
2,656
4,739
+78.4%
Profit for the Period
589
2,519
+327.7%
Management report data.
EBITDA = Operating profit + Depreciation and Amortization

4. OGK-2: Revenue Revenue Structure, mn RUR
Structure of Electricity Sales Volume at OREM1 for 3M 20132
Electricity and Capacity OREM Revenue Structure for 3M 20131
Prices and Tariffs2
Parameter
3М 2013
Average Electricity Price at the Free Market, RUR/MWh
947.1
Average Heat Tariff, RUR/Gcal
587.6
Average price for new capacity, RUR/MW per month
347,495.9
Average price for old capacity, RUR/MW per month
136,934.4
Wholesale market of electricity and capacity
Management report data

5. OGK-2: Operating Expenses
Operating Expenses Structure, mn RUR

6. OGK-2: EBITDA and Profit
EBITDA1, mn RUR
Profit Bridge for 3M 2013, mn RUR
EBITDA = Operating Profit + Depreciation and Amortization

7. Maturity Profile, as of 31 March, 2013, mn RUR
OGK-2: Debt
Debt Structure, mn RUR
Maturity Profile, as of 31 March, 2013, mn RUR
Net Debt, mn RUR
Net Debt = Total Debt less Cash and cash equivalents
EBITDA for 12 months, ended March 31, 2013 = EBITDA for EBITDA for 3 months of EBITDA for 3 months of 2012

8. Thank You For Your Attention!
IR contacts:
Alina Rassmagina
Tel.: +7 (495) , ext. 2423
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