Investment case

Investment case
3. A company with best in class operational standards and a focus on best manufacturing practices
A culture of continuous improvement
Highly motivated workforce
Digital strategy to attain operational excellence and safety
Large-scale improvements in operational efficiency
An experienced management team, world-class experts
Industry leadership in profitability and free cash flow generation
Average profitability of about 50%, 2х higher than the industry average
A robust free cash flow generation through the cycle, cash returned to shareholders
4. a transparent financial policy and industry highest credit ratings
0.4х net debt / EBITDA in 2020
Investment-grade ratings from all the key rating agencies
TOP3 the most creditworthy companies in Russia according to S&P Global Ratings
5. Focus on shareholder returns
Leadership among global rough diamond producers as regards growth of total shareholder return since 2013
Up to 100% of cash flow paid as dividends semi-annually
Average dividend yield at 11%
6. Sustainable business with high-quality corporate governance practices
Compliance with high corporate governance standards as a strategic priority
The National Corporate Governance Rating confirmed at 8 (Advanced Corporate Governance Practices) by the Russian Institute of Directors in 2020
Adherence to sustainability principles and international standards of corporate social responsibility: ALROSA features in the ratings of MSCI ESG, Sustainalytics, CDP, S&P Global CSA, FTSE4Good and WWF Russia, and contributes towards the United Nations Sustainable Development Goals