Bercut Ltd

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Bercut Ltd 2008-09 FY Financial and Operating
Results Dmitriy Vysotskiy, CFO January 26, 2009
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Contents

• Bercut today
• 2008 FY in Brief
• 2003-2008 Financial Dynamics Revenue
• 2003-2008 Financial Dynamics Assets, total
• 2003-2008 Financial Dynamics Profit Net Cash
• 2003-2008 Financial Dynamics Liqudity
  Intangible Assets
• Bercut Ltd through World Financial Crisis
• 2009 Key Financial Indicator Forecast

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Bercut today

• 1995 2009
• Bercut is an international supplier of IT
  products for value-added services infrastructure
  of mobile and PSTN operators
• 18 countries, 221 sites, 1006 installations
• 34 customers
• Regional office Bercut South Africa
• 400 top-class specialists

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2008 FY in Brief

• Increased Revenue and Installation in all market
  where we operated. Our yearly revenue reached
  36.2 million
• Net Cash Inflow from operatory activities - 8.4
  million
• The largest contract BCTI (Turkmenistan) 4.5
  million contract
• Avaliable subscribers 300 million
• VimpelCom RBT Installation (federal network, 68
  cities in Russia)

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2003-2008 Financial DynamicsRevenue

• Stable growth by 3.5 times in 2003 2008
• Average growth rate at 40 during the last 5
  years
• Multicurrency order portfolio (USD, EUR, RUR)

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2003-2008 Financial Dynamics Assets, total

• 50 million Assets
• Average growth rate at 75 during the last 5
  years
• Basic ownership package for the proprietary
  Software

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2003-2008 Financial Dynamics Profit Net Cash
Net Cash In
Net Profit

• Stable Cash Flow of 8 million during the last 3
  years
• Stable profitability in 2003-2006 and 2008
• Decrease in profits in 2007 due to USD rate
  difference and application of new IFRS making
  reserve allowance for guarantee maintenance and
  accounts receivable

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2003-2008 Financial Dynamics Liqudity
Intangible Assets
Cash and Cash Equvalents
Intangible Assets

• Despite the World Financial Crisis the highest
  point came to 9.4 million at the end 2008.
• Basic ownership package for the proprietary
  Software
• X-tones, IN_at_Voice, SPACE, mnSMSC, EXPERA, i-Cell

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Bercut Ltd through World Financial Crisis

• No banks loans and short-term obligations
• Great amount of cash cash equivalents
• Steady clients portfolio (67.0 million)

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2009 Key Financial Indicator Forecast
2009 Forecast
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We thank for your attention and hope for the
further cooperation!