Rosagroleasing

Rosagroleasing JSC is a state-owned leasing company whose activities are aimed at the technical and technological modernization of the domestic agro-industrial complex by transferring production funds to the organizations of the country's agro-industrial complex (October 2020).

Performance indicators

2023

Revenue growth by 50% to RUB 15.81 billion

The revenue of Rosagroleasing in 2023 increased by 50% and reached ₽15,81 billion. This became known in August 2024. This significant increase in indicators was made possible due to the strengthening of the company's production capacity and the expansion of the supply of agricultural machinery and equipment.

In 2023, Rosagroleasing recorded a significant increase not only in revenue, but also in other financial indicators. The company's net profit increased by 26.63% to ₽3,09 billion, up from ₽2,44 billion in 2022. The increase in profit is due to the company's effective activities in the leasing services market, which allowed it to strengthen its position and maintain leadership in the agro-industrial sector.

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Freepik

According to the reporting, Rosagroleasing's assets in 2023 also showed noticeable growth, increasing to ₽188,74 billion compared to ₽150,29 billion in 2022. Current assets of the company grew by 26.67%, reaching the level of ₽175,58 billion, which indicates a high level of liquidity and the company's ability to quickly respond to changes in market conditions.

In addition, the company significantly increased its long-term liabilities - by 94.23%, to ₽62,36 billion, which reflects the active attraction of external funding to expand production facilities and maintain growth rates. Short-term liabilities, on the contrary, decreased by 19.47%, which indicates an improvement in financial stability and a decrease in the burden on current debts.

As part of its activities in 2023, Rosagroleasing delivered a record number of equipment and equipment - more than 15 thousand units, which also contributed to the growth of interest income of the company, which amounted to ₽16,7 billion per year.

As noted in the materials of the company, its financial position according to the results of 2023 is assessed as stable, and Rosagroleasing plans to maintain its positions in 2024. In particular, the company intends to continue to actively increase the supply of equipment and equipment for leasing, which will support high financial performance and strengthen its role in the market.^[1]

Growth in the supply of agricultural machinery by 18% to 15 thousand units (new record)

Rosagroleasing in 2023 increased the supply of agricultural machinery by 18% compared to 2022 - to a record 15 thousand units. In money, the volume of shipments reached 95 billion rubles. The press service of the company cited such data at the end of December 2023.

Among the shipped equipment in 2023, more than 2 thousand tractors, 1.8 thousand combines, over 2.5 thousand vehicles and 8.8 thousand units of other agricultural equipment.

The TOP regions for the purchase of equipment in leasing included:

• Krasnodar Territory, where agrarians purchased 1,505 pieces of equipment, which is 2.2 times more than a year earlier;
• Nizhny Novgorod region, where Rosagroleasing delivered 913 agricultural machines against 376 units a year earlier;
• The Republic of Tatarstan in 2023 acquired 825 units, which is 19% more than in 2022.
• Saratov region - 708 units;
• Stavropol Territory - 701 units of equipment.

In addition, Rosagroleasing noted the work on the development of the agro-industrial complex of new territories. So, in 2023, the company invested 3 billion rubles in technical modernization in the DPR, LPR, Kherson and Zaporizhzhya regions.

The company also reported an increase in the list of equipment suppliers in the company's marketplace, which indicates the development of import substitution. In 2023, equipment from 1000 suppliers was available to farmers.

The growth rate of agroleasing is high, the main thing is that they are rhythmic and stable. The main reason is the increase in demand for equipment from farmers, - said the general director of Rosagroleasing Pavel Kosov, quoted in a press release.

Analysts of the company note a high demand for equipment, which indicates the preservation of the pace of technical modernization in 2024, added to the press service of Rosagroleasing.^[2]

2022: Increase in equipment supplies by 56%

At the end of 2022, Rosagroleasing delivered a record volume of equipment and equipment - 12.7 thousand units. In monetary terms, we are talking about products for 71.5 billion rubles, which is 56% more than a year earlier. Pavel Kosov, General Director of Rosagroleasing JSC, announced at the end of January 2023.

According to him, Rosagroleasing in 2022 significantly increased its share in the total market for self-propelled agricultural machinery in Russia, reaching the highest indicator in the history of the company at 19%. He stressed that in 2022, despite the difficult external situation and new challenges, the company reached several record indicators for itself at once. At the same time for 2021-2022. agrarians were able to save about 12.6 billion rubles - about 3 million rubles per client.

Rosagroleasing for the year increased the supply of equipment by 56%

Kosov noted that among the reasons for Rosagroleasing's effective response to all the challenges facing the industry is a clear understanding of the client and his needs. Thus, the company's analysts formed a typical portrait of the lessee, and it turned out to be a small and medium-sized business entity, mainly growing grain. He uses special promotions, prefers long financing for 5 years, mainly works through electronic document management. Its need for an annual update is about 2 pieces of equipment worth 13 million rubles, the company's press service reports.

Over the entire period of implementation of the practice of preliminary approval of financing, Rosagroleasing entered into contracts for 22.7 billion rubles by the end of December 2022. Rosagroleasing launched the mechanism for preliminary approval of financing in test mode at the end of 2020. The initiative made it possible to reduce the time for approval of applications, which led to a more dynamic increase in the volume of renewal of the fleet on lease terms. In 2022, the amount of applications within the framework of pre-approved funding amounts exceeded last year's figures by 26%.^[3]

2021: Revenue growth by 27% to RUB 3.49 billion

Rosagroleasing's revenue in 2021 rose by 27% and reached 3.49 billion rubles against 2.76 billion rubles in 2020. Net profit during this time rose by 61% - from 753.1 million to 1.22 billion rubles. Such data in accordance with Russian accounting standards were released in March 2022.

In 2021, Rosagroleasing supplied farmers with 10.2 thousand units of equipment for 45.9 billion rubles (in 2020 - 9.7 thousand for 38.5 billion rubles). At the same time, the company notes that this is a preliminary indicator. The final data may approach 50 billion rubles. The number of lessees at the end of 2021 increased by 6%, to 15.355 thousand (cumulative). The number of suppliers increased by 43%, to 450.

Rosagroleasing revenue in 2021 rose by 27%

The company also said that the leasing portfolio grew from 97 billion rubles at the beginning of 2021 to 126 billion rubles by the end of December. This was facilitated by a wide range of offers, among which the most popular was Yubileynoye, dedicated to the 20th anniversary of the company, and Early Booking (with the widest possible set of preferential options (advance from 0%, grace period for repayment of the principal debt, extended lease period, etc.)), the press service said. They also stressed that all preferential terms of leasing both for previously concluded transactions and for new contracts have been preserved in full.

The financial indicators in 2021 were also positively influenced by the continued digitalization of processes and the active expansion of sales channels at the expense of regional agent dealers, of which there were more than 250 at the end of 2021.

For the first time in 10 years, a significant increase in net assets was noted. Compared to 2020, the increase amounted to 11.8 billion rubles (+ 18%), Rosagroleasing said in a statement^[4].

Information Technology at Rosagroleasing

2020: Implementation of remote electronic voting for members of the Board of Directors

As part of the project to digitalize its own processes, Rosagroleasing implemented the possibility of remote electronic voting for members of the Board of Directors, members of relevant committees, and the audit commission. The company announced this on November 2, 2020.

The project was promptly developed by the Company's IT department during the coronavirus pandemic, when the bulk of employees were transferred to a remote mode of operation to minimize contacts in the office. The transfer of the voting procedure to electronic format made it possible to streamline processes and quickly make decisions on issues requiring voting in the new conditions.

Voting in electronic format allows you to save time necessary for face-to-face meetings, as well as ensures prompt decision-making on important issues in remote access conditions. This is just one of the initiatives implemented as part of the system digitalization of processes in the company. Our employees have long had the opportunity to receive the necessary internal information on the intranet portal in one click, and customers have had the opportunity to familiarize themselves with the proposed equipment and arrange a deal in the marketplace, "said First Deputy General Director Vladimir Balter.

To digitalize the voting procedure, electronic personal accounts of all members of the Board of Directors, members of relevant committees and the audit commission were created on the internal portal. The developed module provides the ability to pre-load materials for familiarization and decision-making on them with the ability to assure your choice with an electronic digital signature.

The functionality is developed on the basis of an inhouse platform using cryptographic protection tools. The company refused to acquire a ready-made solution and developed its own platform, so it is fully compatible with all corporate systems. This solution makes it possible for the IT department to refine the platform functionality for emerging tasks in a short time.

A similar scheme is used when working with lessees - the application and signing of an agreement on the supply of equipment on financial lease terms takes place through the client's personal account on the marketplace.

The function module was tested and put into commercial operation in two weeks.

History

2023: Buying offices in northern Moscow for new headquarters

Rosagroleasing bought offices in the north of Moscow for a new headquarters. This became known on April 10, 2023.

According to Vedomosti, the company has agreed to buy 7000 square meters. m in the Prime Time business center, which is located on the street. Viktorenko next to Leningradsky Prospekt. According to a representative of Rosagroleasing, the move to the new office is planned for 2024. The decision to acquire space in Prime Time in the company was explained, among other things, by the fact that this will reduce the company's expenses for renting space in the medium term.

Prime Time Business Center

The parties did not disclose the amount of the transaction. The purchase of an office in Prime Time could cost Rosagroleasing about 2.45 billion rubles, calculated the managing partner of Ricci Alexei Bogdanov. Victoria Petrova, Director of the Financial Markets and Investments Department of NF Group, speaks of 1.9-2.1 billion rubles.

Rosagroleasing specializes in leasing agricultural machinery. The company's equity is estimated at 93 billion rubles. By April 2023, the company occupies office space in the Northern Lights business center on Pravda Street near Savelovsky Station in Moscow.

Since the start of work in 2001, Rosagroleasing has invested more than 500 billion rubles in the development of the Russian agro-industrial complex. At the same time, more than 80% of these investments are accounted for by direct supplies of equipment and equipment demanded by the industry, the company said on April 10, 2023.

As explained in the company, for the entire time of its work, Rosagroleasing put 134.1 thousand units of agricultural machinery on the fields: 35.2 thousand tractors, 25.6 thousand combines, 25.7 thousand units of vehicles, 47.5 thousand units of other agricultural machinery. The report dated April 10, 2023 notes that over the past three years, its investments in the development of the industry amounted to more than 245 billion rubles.^[5]

2022: Update of the geography of supplies after the exodus of some companies from Russia amid the conflict in Ukraine

The share of agricultural machinery manufacturers, John Deere Bednar, JCB, who left the Russian Federation Volkswagen Renault , was slightly more than 1% of the Rosagroleasing leasing portfolio. By August 2022, contracts have already been concluded for the supply of equipment and equipment from,,, and India. China UAE Turkey In South Korea addition, it is planned to equalize leasing conditions for Russian and Belarusian equipment, Rosagroleasing.

2019

According to the Russia-1 TV channel with the participation of E.B. Skrynnik, 39 billion rubles disappeared from the state budget.

2016

The activities of Rosagroleasing JSC are aimed at fulfilling the targets of the State program for the development agriculture and regulation of the markets for agricultural products, raw materials and food (October 2016).

2008-2009

Despite the repeated instructions of the President of the Russian Federation V.V. Putin and the Chairman of the Government of the Russian Federation D.A. Medvedev to purchase exclusively Russian-made agricultural machinery that meets the requirements of Resolution No. 719, Rosagroleasing JSC purchases foreign-made equipment (the cost of foreign equipment in the procurement of Rosagroleasing JSC in 2017 amounted to 2.9 billion rubles, in 2018 - 3.0 billion rubles).

Since 2003, Rosagroleasing JSC has ceased to purchase equipment from many Russian manufacturers. This led to the fact that during a visit to the Rostselmash plant by V.V. Putin on December 11, 2008, the enterprises were forced with unsold equipment (a six-month production program).

2001

Rosagroleasing JSC was established in 2001 to solve the tasks set by the Government of the Russian Federation for the development and modernization of the domestic agro-industrial complex, while 100% of the company's share belongs to the state.

Notes