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2021 round-up by the SFI investment holding

2021 round-up by the SFI investment holding

The SFI investment holding (MOEX: SFIN) reports on the 2021 audited consolidated financial results, prepared in accordance with the International Financial Reporting Standards (IFRS).

In 2021, the holding company's net profit amounted to RUB 4.1 bln against the loss of RUB 3.7 bln a year earlier. Total operating and financial incomes summed up to RUB 13.2 bln. The successful closure of several deals regarding the sale of the holding company's assets in 2021 — NPF SAFMAR, NPF Mospromstroy-Fund, and Direct-Credit credit broker — had a significant impact on SFI's performance.

The companies that are part of the holding company showed significant growth. In 2021, the total operating and financial incomes in the leasing segment increased by 37% to RUB 17.5 bln, in the insurance segment — by 23% to RUB 2.4 bln.

The SFI's IFRS accounts for 2021 are disclosed on the holding company's website and on its page in the Corporate Disclosure Centre.

Main events of 2021:

In 2021, SFI transitioned to a diversified investment holding model, leaving behind the concept of a holding company that invests only in financial companies. This strategy implies conducting investment activities within three investment baskets:

  • public (traded in the stock market) assets with a high potential for growth based on the fundamental characteristics of the business;

  • private assets (not part of stock trading) — leaders in their segments and/or companies that can become new leaders with the support of SFI;

  • growing business — startups or venture projects.

This approach makes it possible to make the asset portfolio more balanced and reach the target returns at a given risk level.

In 2021, SFI completely withdrew its assets from private pension funds, closed the 100% sale of a credit broker, and acquired shares in the oil business, expecting a global rebalancing of world oil prices. In addition, the holding company invested in the promising GFN.RU gaming service that collaborates with the leading manufacturer of graphic processors.

That same year, the holding company completed its three-year program of share repurchase. Presently, shares comprise 55.84% of SFI's and its repurchase operators' capital.

An updated SFI Board of Directors was elected in December 2021. This resulted in most of the directors becoming independent, making the decision-making process regarding the holding company's development and assets more transparent.

The holding company also decided to rebrand in 2021 and changed its name from PJSC SAFMAR Financial Investments to PJSC SFI. Over the course of the summer, SFI, together with the major branding agency, began developing a new corporate style. The brand's new platform and logo were revealed to the public at the end of the year.


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11.04.2022