Key performance indicators of the Long-Term Development Programme

The table below shows the attainment of targets set under the approved PAO Sovcomflot LDP up to 2025 by approved KPIs for 2020.

Attainment of KPI targets set by the LDP in 2020Except for items 5, 9 and 10, target and actual KPI values are calculated using proportional consolidation of the results of joint venture operations.
№ KPI Low scenario Target value (base case scenario) High scenario Actual for 2020 Comment
1 Net revenue, US$ million 1,210 1,420 1,610 1,421.24 Attained
2 Net profit, US$ million –10 270 460 266.87 Deviation of less than 1.5%
3 EBITDA margin, % 60 64 68 66.19 Attained
4 EBITDA, US$ million (for reference) 720 910 1,100 940.71 Attained
5 Dividend for the year, US$ million (for reference) 0 130 230 225 AttainedFollowing the adoption of the resolution on dividend payment by the General Meeting of Shareholders of PAO Sovcomflot.
6 Return on Invested Capital (ROIC), % 2.8 7.0 9.8 7.40 Attained
7 Return on Equity (ROE), % –0.4 7.8 13.3 7.61 Deviation of less than 0.2%
8 Net Debt / EBITDA ≤8 ≤6 ≤6 2.72 Attained
9 Fixed assets (fleet) utilisation efficiency, % ≥96 ≥96 ≥96 95.09 Deviation of less than 1%
Fixed assets (fleet) utilisation efficiency excluding the impact of COVID-19, % ≥96 % ≥96 % ≥96 % 95.86 Deviation of less than 0.2%
10 Indicator of innovative development, % ≥100 % ≥100 % ≥100 % 166.66 Attained
Attainment of targets set by the PAO Sovcomflot LDP by individual KPIs for 2020 compared to 2019
№ KPI Actual for 2020 Actual for 2019
1 Net revenue, US$ million 1,421.24 1,337.51
2 Net profit, US$ million 266.87 225.38
3 Return on Invested Capital (ROIC), % 7.40 6.11
4 Return on Equity (ROE), % 7.61 6.73
5 Fixed assets (fleet) utilisation efficiency, % 95.09 (for reference: 95.86 excluding the impact of COVID-19) 96.82