Alex Rybakov

UMG Investments is an investment company. It was founded in 2006 by the financial and industrial group "System Capital Management" as a holding company for asset management in the raw materials sector. Since its inception, it has expanded its range of activities and in 2016 changed its business model from a management company to an investment one.

Company operations

UMG Investments creates and develops businesses with high growth potential[1]. The company has portfolio companies in three industries:

Mining - VESCO Group and Novotroitskoye Rudoupravlenie.

by-product and waste management - Recycling Solutions.

industrial goods and services - INTEСH.

In 2019, the market value of assets managed by UMG Investments exceeded half a billion dollars[4].

In March 2020, the investment company announced an agreement with Effective Investments to acquire a minority stake in Feednova, a state-of-the-art high-protein feed additive manufacturing facility for farm and pet animals[5].

In October 2020, the "Ukrainian Mineral Fertilizers" complex for granulation of ammonium sulfate in the city of Krivoy Rog was launched, in which more than 11 million dollars were invested

Structure

UMG Investments currently has portfolio companies in three industries:

Mining (clay and flyscholomite)

By-products and waste management

Industrial goods and services.

Mining of minerals

The mining portfolio is represented by VESCO Group and Novotroitskoye Ore Division.

Clay mining

VESCO group of companies produces more than 60 sorts of commercial products. Productivity of the enterprises averages 3 mln. tons a year. Number of employees - more than 1500 people. In Ukraine VESCO clay-mining group of companies sells up to 10% of clay mined. The main part of production goes for export - to the manufacturers of ceramic and refractory products. The products are exported to more than 25 countries of the world. About 50% of them are EU countries. The company VESCO Limited received permission of the AMCU to acquire a stake in PJSC "Chasovoyarsk refractory plant".

Key indicators of the direction:

Production volume in 2019: ~2.6 million tons.

Sales volume in 2019: ~2.7 million tons.

Gross revenue in 2019: $138 million.

More than 11 quarries are being developed.

Flux-dolomite direction.

Presented - PJSC "Novotroitskoye Rudoupravlenie" [9]. The volume of production at the level of 4 million tons per year. The asset employs more than 1,100 people. The main consumers of products - Ukrainian enterprises of metallurgical, glass, cement, sugar, construction, chemical and other industries. Customers of the assets include Ilyich Iron and Steel Works, Azovstal, Zaporizhstal, Dneprovsky Iron and Steel Works, Enakievo Steel Works, ArcelorMittal Krivoy Rog, Donetskstal, Zaporozhsky Iron Ore Works, HeidelbergCement Ukraine and others.

Key indicators of the direction:

Production volume in 2019: 4.2 million tons[10].

1 quarry is being developed.

By-products and waste management

By-products and waste production management portfolio is represented by Recycling Solutions [11], which is a comprehensive operator of secondary resources management for the coal, coke and chemical, metallurgical, thermal and agricultural industries of Ukraine.

The main types of secondary resources with which the company works: ash and slag materials, metallurgical slag, rare and technical gases, ammonium sulfate, waste gases (mine methane, coke oven gas), animal byproducts.

Key line of business indicators for 2019:

The company's gross revenue was UAH 836 million, up 27% from 2018.

Invested in "green" business projects more than 179 million UAH.

Sales of man-made waste more than 2.2 million tons and 1.49 million cubic meters of by-products of domestic enterprises to 22 countries.

Number of employees more than 260 people.

The company's activity contributes to the reduction of technogenic impact on the environment. Each year Recycling Solutions reduces the volume of ash and slag dumps by 1.7 million cubic meters and saves up to 2.2 million tons/year of natural materials, replacing them with secondary resources.

Industrial goods and services

The portfolio of industrial goods and services is represented by INTECH, which combines companies engaged in the production of industrial goods and services and logistics. The company has strong expertise in sales and purchasing.

Areas of activity:

Industrial blasting.

Products for metallurgy.

Rail and port logistics.

The company, along with the assets under its management, generated $107 million in net income in 2019, up 39% from 2018. The number of employees (including assets) exceeded 700 people. Metallurgy shipments in 2019 were 43.7 thousand tons, an increase of 32% compared to 2018. The own fleet of cars is 227 units, the number of cars in rent - 600.

In 2019, the company carried out 43 thousand carloads and removed 2.8 million tons of cargo by its own and leased fleet of cars.

The volume of rock blasts, which PJSC "PPP Krivbassvzvzryoprom" performed under INTECH management in 2019, amounted to 49.5 million cubic meters.

INTECH CEO Sergey Melnichenko also heads NC Portinvest

History

In 2000, SKM JSC (System Capital Management, SCM) was founded in Donetsk, Ukraine to manage Rinat Akhmetov's business assets.

In the course of the corporate restructuring program launched in 2006, certain operating assets of the SCM Group were merged into industry holdings, which were given the rights to own and manage them. Thus, two main holdings were formed - Metinvest (mining and metallurgical business) and DTEK (energy business). The role of JSC SCM in the group management system has also changed: from the operational management of individual assets, it has moved to the strategic management of formed industry holdings or business lines of the group

Activity of the company

At present[when?] SCM Limited manages more than 500 businesses employing about 200,000 people[4].

JSC "System Capital Management" - strategic management

SCM Holdings Ltd. — ownership of the corporate rights of the assets of the SCM group

SCM Advisors (UK) Limited - functions of an investment advisor to the SCM group outside of Ukraine

Metinvest Holding - mining and metallurgical industry

Northern Mining and Processing Plant

Central Mining and Processing Plant

Ingulets Mining and Processing Plant

Komsomol Mining Administration

United Coal Company

Avdiivka Coke Plant

Incor & Co

MMK them. Ilyich

Azovstal

Promet Still AD

Ferriera Valsider

Metinvest Trametal

Spartan UK

Metinvest-Shipping

OOO Metinvest-Resource

Metinvest International S.A.

Metinvest Eurasia

Metinvest-Ukraine

Metinvest-SMC

Metinvest Distribution

Metinvest-PromService

Metinvest-Engineering

Metinvest-MRMZ

Zdravnitsa Plus

PJSC "Zaporizhstal"

PJSC "Zaporozhogneupor"

PJSC "Zaporozhkoks"

Metinvest-KRMZ

OOO ZLMZ

DTEK - energy business

DTEK Pavlogradugol

Mine "Komsomolets Donbassa"

Mospinsk coal processing enterprise

Central processing plant "Kurakhovskaya"

Central processing plant "Pavlogradskaya"

Central processing plant "Dobropolskaya"

Central processing plant "Oktyabrskaya"

Vostokenergo

Dneproenergo

DTEK High Voltage Grids

Socis

DTEK Service

PES-Energougol

Wind Power

Kyivenergo

Corum Group - production of mining equipment

Banks

First Ukrainian International Bank (FUIB)

Insurance

ASKA

ASKA-Life

Media Group Ukraine - television, online and print media

TV channel "Ukraine"

TV channel "Football1"

TV channel "Football2"

TV channel "Indigo"

TV channel "NLO-TV"

TV channel "Donbass"

Channel 34 TV channel

Digital Screens (Internet video service oll.tv)

Portal Segodnya.ua

RIO

Evening Donetsk

Donetsk news

Priazovsky worker

Printing house in Vyshgorod

ESTA Holding[uk] - real estate

The second stage of the business center "Leonardo". Business center in Kiev.

Opera Hotel. Hotel in Kiev.

Kiev TSUM. General store in Kiev.

Logistics center in Dnepropetrovsk.

United Minerals Group - production of mineral raw materials

Vesco

Druzhkovskoye Mining Administration

Refractory ore

LLC "Portinvest" - port holding

Lemtrans LLC is a freight forwarding company

HarvEast Holding - agricultural business

The SCM Group also includes the Shakhtar football club and the five-star stadium of FC Shakhtar Donbass Arena.

At the beginning of 2009, at a meeting of the World Economic Forum participants in Davos, SCM CEO Oleg Popov announced[6] that the company would continue to develop its assets in strategic business areas for SCM — Metinvest, DTEK, financial, telecommunications, media sectors, real estate and retail. He also added that the purchase of new companies is not the main priority for the company, however, if interesting proposals come in, SCM will definitely consider them.

One of the latest major acquisitions of SCM is the American coal mining company United Coal Company (UCC), which became part of the Metinvest group. According to analysts, the deal amounted to more than $1 billion[7].

In November 2010, at a press conference dedicated to the tenth anniversary of SCM, Oleg Popov announced that over the next 10 years the company plans to invest $10 billion in the development of the SCM group's business and increase the value of the group's assets to $50–100 billion [8]. The CEO of SCM also said that the company plans to acquire assets in the transport and agricultural sectors.

Suez SA (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. Suez is the largest private water provider worldwide, by number of people served. The company has its head office in La Défense, Paris. In 2015, all the group's brands became Suez.

History

Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez (now Engie) on 22 July 2008. Engie remained the largest shareholder of the company with a 35% stake. On the stock market, Suez Environnement's share jumped 40% in value on its first day.

In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros. In July 2015, the group Suez Environnement simplified its name to become Suez, after the group GDF-Suez changed its name to Engie, leaving the name Suez available again. In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.

On October 1, 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollarsand formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.

On May 14, 2019, Bertrand Camus was appointed as Chief Executive Officer of Suez.

Financial results

Financial results in millions of euros:[12]

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Revenues 18,015 17,331 15,783 15,322 15,135 14,324 14,644 15,102 14,830 13,869 12,296 12,364

EBITDA 3,220 2,768 2,578 2,651 2,751 2,644 2,520 2,450 2,513 2,339 2,060 2,102

Current operating income 1,208 1,142 1,000 1,102 1,115 1,011 1,184 1,146 1,040 1,025 926 1,059

Net income (group share) 352 335 295 420.3 407.6 417.2 352 251 323 565 403 533

Company governance

As of January 1, 2020, the Executive Committee is made up of:[13]

Bertrand Camus, Chief Executive Officer

Jean-Marc Boursier, Senior Executive VP Group in charge of the France Region and Group Chief Operating Officer;

Julian Waldron, Senior Executive VP Group in charge of Finance;

Christophe Cros, Senior Executive VP Group in charge of the North America Region and President of the global BU Water Technologies & Solutions (WTS);

Ana Giros, Senior Executive VP Group in charge of the APAC (Asia, Australia and India) and AMECA (Africa, Middle East, Central Asia) Regions and Industrial Key accounts;

Angel Simon, Senior Executive VP Group in charge of the Southern Europe Region (Spain, Italy/Slovenia, Greece) and Latin America;

David Palmer-Jones, Senior Executive VP Group, in charge of the Northern Europe Region (UK, Sweden, Netherlands, Belgium, Germany, Luxembourg, IWS, Poland/Serbia/Central Europe, Czech Republic);

Diane Galbe, Senior Executive VP Group in charge of the global Business Unit Smart & Environmental Solutions, Head of Strategy and Shaping SUEZ 2030 Project;

Jacques Audibert, Secretary General;

Isabelle Calvez, Group Chief Human Resources;

Tiphaine Hecketsweiler, Group Chief Engagement and Communications Officer.

Shareholder structure

Breakdown of share capital as of December 31, 2020.

Caption text

Veolia 29,89%

Criteria Caixa 5,91%

Caltagirone 0,29%

SUEZ employees 3,96%

Engie 1,82%

Treasury shares 0,03%

Institutions 58,10%