FPC’s investment appeal

  1. Monopolistic position in the long-distance rail passenger transportation market in Russia.
  2. Low competition in the domestic rail passenger transportation market from international companies due to challenges in entering the Russian market.
  3. The Company’s high social and strategic importance for the state as the main transport operator for long- and medium-distance travel covering most of Russia, including regions with extreme climatic and natural conditions which lack road transport infrastructure.
  4. Strategic importance for the implementation of long-term objectives of state-owned RZD Holding.
  5. State regulation of fares for long-distance passenger transportation, and income loss compensation paid by the state.
  6. Conservative financial policy and low debt level.
  7. High potential growth of population mobility.
  8. Railway passenger services to support major passenger flows in Russia.

Key indicators

Indicators 2014 2015 2016 2016/2015, %
Passenger turnover, billion passenger-kilometres 94.6 86.1 89.5 103.9
on trains made up by FPC 87.5 81.1 85.1 104.8
deregulated segment 28.7 24.2 26.0 107.2
domestic traffic 25.2 22.7 24.3 107.1
interstate traffic 3.5 1.6 1.7 108.2
regulated segment 58.8 56.9 59.1 103.8
on trains made up in the CIS and Baltic states 7.1 4.9 4.4 89.2
Passengers carried, million people 98.7 91.3 93.8 102.7
deregulated segment 35.9 30.3 31.1 102.5
regulated segment 62.8 60.9 62.7 102.9
Average number of carriages in a train, carriages 13.0 12.7 12.7 100.0
Passenger turnover by carriage type in 2014–2016, %
Other Other trains include seasonal express trains, one-off passenger trains, local passenger trains (running on one railway line only).
Passenger turnover by train type in 2014–2016, %
Average revenue per passenger (incl. VAT) in 2014–2016, RUB
Revenue from operating activities in 2014–2016, RUB billion
EBITDAR and EBITDA margin (incl. Subsidies) in 2014–2016
Rolling stock acquisition in 2014–2016, carriages
Total debt to EBITDA and total debt to revenue ratios in 2014–2016