Globaltrans is a leading private freight rail transportation group with operations in Russia, the CIS and the Baltics. We focus on the transportation of key industrial freight including metallurgical cargoes, oil products and oil, coal and various construction materials. Globaltrans is a pure play freight rail operator with advanced logistics, high fleet utilisation and low Empty Runs. Globaltrans has a Total Fleet of 65,808 units of rolling stock as of 31 December 2013. The Group has a one of the most modern fleets in industry with the average age of about eight years. Universal gondola cars and rail tank cars constitute the backbone of the Group's fleet. About 93% of the Total Fleet is owned by the Group. Established blue-chip client base. Our clients include many of Russia's leading blue chip companies, including major industrial groups in metals and mining and oil products and oil industries. We have strong credentials as a fast growing company focused on opportunistic return oriented business expansion. The resilience of our business model is underpinned by the Group's balanced fleet of universal gondola cars and rail tank cars as well as long-term service contracts with large metallurgical clients. Consistently high, stable margins with Adjusted EBITDA Margin of 46%* in 2013. Dividend policy of distributing at least 30% of the imputed consolidated net profit. Globaltrans strategy is to deliver sustainable long-term growth throughout the economic cycle. We have strong credentials as a fast growing company with a proven track record of producing robust results and delivering on promises. Listed on the London Stock Exchange Main Market. Globaltrans was the first freight rail group with operations focusing on Russia to go public on an international stock exchange. Global Depositary Receipts have been listed since 2008. Free float exceeds 50%.