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Russian Railways - Issuer's card
INFORMATION
company: RZD
List of affiliated companies: RAL
Country: Russia
full company name: Russian Railways
site: http://www.rzd.ru/
Industry: Transportation
type of legal entity: Open joint-stock company
code: RZD
Profile: Key Facts & Figures: Russian Railways • The second largest network in the world with 85,200 km of track – 43,000 km of which are electrified • Carries over 1.1 billion passengers and 1.1 billion tonnes of freight annually across 11 time zones • Responsible for 43% of Russia’s total freight traffic (including pipelines) and more than 41% of passenger traffic • Employs over 1 million people • A major contributor to the fast-growing Russian economy • Assets worth over USD 88 billion (as of 31/12/2008) • Russia’s fourth-largest company by revenue – over USD 41 billion for 2008 (according IFRS) • Comprises 987 enterprises and 165 subsidiaries • Rolling stock includes: o 20,100 goods and passenger locomotives o 624,900 goods wagons o 24,100 long-distance passenger carriages o 15,600 short-range passenger carriages Services and Infrastructure • Freight transportation • Long-distance passenger transport • Suburban passenger transport • Infrastructure services • Locomotive propulsion services • Repair and maintenance of rolling stock • Building infrastructure • Research and development Financials • State-owned joint-stock company • Charter capital over RUB 1 698,1 billion (01.01.2011) • One of Russia’s most profitable companies – net income over RUB 14.4 billion in 2009 The Russian Context • Because of the country’s huge territory and vast natural resources, a highly developed railway system is vital to Russia • Many of Russia’s natural resources are in remote, harsh and sparsely populated regions of Siberia and the Russian Far East that have bad road distribution and are far removed from the main population centres in European Russia • Rail connect 85 of Russia’s 89 regions and provides services to most major cities and have a direct impact on growth, industrial development and regional integration • Much of the population relies on the railways not only because of relatively few roads, huge distances and the remoteness of large parts of the country but also because Russian Railways is the biggest employer in the country Reform Program • The programme of reforms includes the update of production and technical facilities, renewal of track and rolling stock, greater efficiency and increased revenues, greater competitiveness and the higher motivation of railway personnel • Planned total investment in developing rail transport in Russia up to 2030 is USD 450 billion • The new lines will ensure transport to and from industrial areas and newly-developed mineral deposits • Important aims include the elimination of cross-subsidies and, in the longer-term future, partial privatisation Social Responsibility • A socially responsible company, Russian Railways human resources policy is strongly based on long-term investment in personnel • Russian Railways makes substantial investments in employees’ development and supports a large educational and training network specialising in the railway industry, as well as providing scholarships to students • The Company’s facilities range from pre-schools and schools to study centres, universities and R&D institutes specialising in railway transport and engineering, including 17 study centres and 33 technical railway centres • Russian Railways’ environmental programme has successfully reduced harmful emissions into the air, water and ground in recent years, even while increasing production • By providing attractive rail alternatives to many air routes, Russian Railways reduces the air pollution resulting from air travel/04,2011 JSC Russian Railways («RZD») is the largest railroad transportation company in Russia and one of the largest in the world. Its chartered capital is 1 594 516 219 000 rubbles. 100% of "RZD" shares are controlled by the State. Key operations of RZD are following: freight transportation , long distance and commuter passenger transportation , provision of locomotive traction, repairing services of rolling stock, construction of infrastructure facilities, research and development, social infrastructure maintenance. It covers about 42% of the freight turnover and 40% of passanger turnover within Russia.
type: corporate


NEWS
30.05.13 Russian Railways to open the book for series BO-18 issue of RUR 25 bln May 30
23.04.13 Fitch Assigns Russian Railways EUR1bn Notes 'BBB' Rating
12.04.13 New bond issue: RZD sells EUR 1bln in 2021 bonds with 3.3744% coupon
05.03.13 Fitch Assigns Russian Railways Notes 'BBB' Rating
07.02.13 Fitch Affirms JSC Russian Railways at 'BBB'; Outlook Stable
 View all news

DOCUMENTS
Consolidated Financial Statements prepared in accordance with IFRS, 2006

ISSUER'S CREDIT RATING
Moody's Investors Service Baa1/Stable LT Int. Scale (foreign curr) 15.01.2010
Moody's Investors Service Baa1/Stable LT Int. Scale (loc. curr.) 15.01.2010
Standard & Poor's BBB/Stable LT Int. Scale (foreign curr.) 22.12.2009
Standard & Poor's BBB/Stable LT Int. Scale (loc. curr.) 22.12.2009
Standard & Poor's ruAAA LT National Scale (Russia) 22.12.2009
Fitch Ratings BBB/Stable LT Int. Scale (foreign curr.) 06.02.2013
Fitch Ratings BBB/Stable LT Int.l Scale (local curr.) 06.02.2013
Fitch Ratings AAA(rus) National Scale (Russia) 06.02.2013
Moody's Interfax Rating Agency Aaa.ru National Scale (Russia) 15.01.2010
National Rating Agency AA+ National scale (Russia) 06.07.2007
 issuer's credit rating

 Issuer 

Issues of the issuer:

 RZD, ÁÎ-18 - Domestic bonds
 RZD (RZD Capital Limited), 2021, EUR (LPN) - Eurobonds
 RZD, 28 - Domestic bonds
 RZD (RZD Capital Limited), 2018, CHF (LPN) - Eurobonds
 RZD (RZD Capital Limited), 2021, CHF (LPN) - Eurobonds
All issues of the issuer

Outstanding bond issues:

16 issue(s) outstanding worth RUR 267 500 000 000
1 issue(s) outstanding worth EUR 1 000 000 000
2 issue(s) outstanding worth CHF 675 000 000
2 issue(s) outstanding worth USD 2 900 000 000
1 issue(s) outstanding worth GBP 650 000 000

Syndicated Loans:

 RZD, 1, 3.2008
 RZD, 2, 3.2008
All loans of borrower

Financial documents:

20131 Q. 2 Q.
20121 Q.2 Q.3 Q.4 Q.
20111 Q.2 Q.3 Q.4 Q.
20101 Q. 2 Q.3 Q.4 Q.
20091 Q.2 Q.3 Q.4 Q.
20081 Q.2 Q.3 Q.4 Q.
20071 Q. 2 Q. 3 Q. 4 Q.
20061 Q. 2 Q. 3 Q. 4 Q.
20051 Q. 2 Q. 3 Q. 4 Q.
20041 Q. 2 Q. 3 Q. 4 Q.

Major IFRS indcators:

20131 Q. 2 Q.
20121 Q.2 Q.3 Q.4 Q.
20111 Q.2 Q.3 Q.4 Q.
20101 Q. 2 Q.3 Q.4 Q.
20091 Q.2 Q.3 Q.4 Q.
20081 Q.2 Q.3 Q.4 Q.
20071 Q. 2 Q. 3 Q. 4 Q.
20061 Q. 2 Q. 3 Q. 4 Q.
20051 Q. 2 Q. 3 Q. 4 Q.
20041 Q. 2 Q. 3 Q. 4 Q.

Consolidated IFRS/US GAAP reports:

20131 Q. 2 Q.
20121 Q. 2 Q. 3 Q. 4 Q.
20111 Q. 2 Q. 3 Q. 4 Q.
20101 Q. 2 Q. 3 Q. 4 Q.
20091 Q. 2 Q. 3 Q. 4 Q.
20081 Q. 2 Q. 3 Q. 4 Q.
20071 Q. 2 Q. 3 Q. 4 Q.
20061 Q. 2 Q. 3 Q. 4 Q.
20051 Q. 2 Q. 3 Q. 4 Q.
20041 Q. 2 Q. 3 Q. 4 Q.

Annual report:

201220112010200920082007200620052004






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