REG - TCS Grp Hldg PLC - TCS Group Holds Strategy Day in London <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

17/10/2016 07:06

RNS Number : 6648M
TCS Group Holding PLC
17 October 2016
TCS Group Holding PLC Holds Strategy Day
Moscow, Russia - 17 October 2016. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, will today be hosting its Strategy Day for analysts and investors in London. 
The event will run from 8.00 am to approximately 12.30 pm UK time and will focus on the Group's 3-year strategy, future growth plans, product development, operational efficiency, risk management and leveraging its proprietary technology platform.
The Strategy Day will feature presentations from Oleg Tinkov, the Group's Founder and Controlling Shareholder; Oliver Hughes, CEO; Artem Yamanov, SVP for Business Development; George Chesakov, VP for New Customer Acquisition Channels; and Stanislav Bliznyuk, COO. Also attending are: Evgeny Ivashkevich, VP for Risk Management; Ilya Pisemsky, CFO; Sergei Pirogov, Head of Corporate Finance; and Larisa Chernysheva, Head of IR. 
The Group will share its vision of making www.tinkoff.ru a destination site for the Russian consumer by offering both proprietary and partner financial and insurance products through the Online Financial Supermarket platform. The Group will also give a more detailed view on its product and marketing strategy, including a deeper dive into some of the larger business lines.
As part of Strategy Day, the Group also plans to share its ambitions for 2017-2019. Assuming there are no economic shocks or major dislocations in the operating environment in the next three years:
 The Group believes that it has net income growth potential of 20-40% per year for the next three years;
 The Group expects new (non-credit card) business lines to contribute RUB 6-10 bn to net income by the end of 2019; 
 The Group expects that the new (non-credit card) business lines will account for around 30% of the Group's net income by 2019;
 The Group expects that its new non-credit revenue generating businesses will help it further reduce earnings volatility through the credit cycle.
The presentation will be available on the Group's website at https://www.tinkoff.ru/eng/investor-relations/results-and-reports/164/
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For enquiries:
Tinkoff Bank
Darya Ermolina
Head of PR
+ 7 495 648-10-00 (ext. 2009)
d.ermolina@tinkoff.ru
Tinkoff Bank
Larisa Chernysheva
IR Department
+ 7 495 648-10-00 (ext. 2312)
ir@tinkoff.ru
FTI Consulting London
Elena Kalinskaya/Leonid Fink
+44 (0) 020 3727 1000

About the Group
TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. The Group has also developed a "smart courier" network covering almost all cities and towns in Russia which allows next day delivery to many customers. 
Tinkoff Bank's product range includes credit, debit and prepaid cards, deposits, co-branded cards, and agent-based mortgage products. With its special focus on mobile, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card2Card instant money transfers).
As per its five-year strategy, the Group has the ambition to become a financial marketplace, offering both own brand and partner products.
As at 1September 2016, the bank was the second largest player in the Russian credit card market, with a market share of 9.7%. The Group's 1H2016 IFRS net income amounted to RUB4.4bn.
In 2015 and 2016, the Global Finance magazine named TinkoffBank as the Best Consumer Digital Bank inRussia. In 2016, the bank also won Global Finance's Best Integrated Consumer Bank Site award and was named the Best Digital Bank in the CEE by Euromoney. The bank's mobile application was recognised as the best in Russia by Markswebb Rank&Report for three consecutive years in 2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013 to 2016. 
Forward-looking statements
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group and Tinkoff Bank. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. The Group and Tinkoff Bank wish to caution you that these statements are only predictions and that actual events or results may differ materially. The Group and Tinkoff Bank do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Group and Tinkoff Bank, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group, Tinkoff Bank and their respective operations.

This information is provided by RNS
The company news service from the London Stock Exchange
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