Dear ladies and gentlemen, hello. Thank you very much for having joined our call today. This is a call on our 2021 results, annual result of Globaltrans for the year 2021. As usual, we're going to start with a short presentation. Today on the side of Globaltrans, we have Valery Shpakov, the CEO of the group, and Alexander Shenets, the CFO of the group. After this presentation, we all will focus on your questions. This time we collected the questions in advance, and now I would like to pass the floor to Valery Shpakov. Now Valery Shpakov is speaking. Thank you, Mikhail. Hello, colleagues. Today we will traditionally discuss the results of our work in the year 2021, and we will also focus on the current situation in the market. After the presentation, we will simply answer the questions as Mikhail has mentioned. Let's start with slide five. The year 2021. In the year 2021, market recovery continued. We observed some positive dynamics in the market. Russian freight rail turnover went up to an all-time high. Gondola market rates recovered. In the half of the year, we saw accelerated recovery of demand in the tank car segment. I'm happy to say that we managed to take advantage of such a favorable situation, and we converted that into strong full year results. In terms of our financial results, we achieved improvements across all key indicators. For instance, our adjusted EBITDA grew by 8% to RUB 29 billion. Our free cash flow increased by 7% to slightly above RUB 16 billion. Our net debt to adjusted EBITDA improved to 0.6x. Our 2021 achievements reinforced the positions of Globaltrans and made us more resilient both operationally and financially. Now, let's take a look at the current situation. I have the following to say. Well, we saw some positive dynamics at the beginning of the year. Currently, we are in a very tricky economic situation, so you're aware of that. So far it has produced a moderate impact onto our operations. All our key service contracts are performing. That's important. The relatively solid demand and pricing have remained so far in March. As for further development of the situation, it is so far difficult to forecast anything, and we cannot really tell that the market volatility may grow. As of today, our business remains efficient. It is also important to note that we have robust financial positions, and this enables us to efficiently continue our operations and service our debt. Well, of all, the level of our debt is low. All of our debt is in rubles and the interest rates are fixed. Secondly, we have substantial volume of cash and our business continues generating free cash flow. We have temporarily suspended our expansion CapEx, and we are going to put an even greater emphasis on to managing our costs. In terms of dividends, I have to say that the payout of our final dividends for the year 2021 has been temporarily suspended because of some technical limitations regarding the upstreaming of cash to our holding company in Cyprus and for the purposes of creating liquidity buffers. Now slide seven. Here I will give you a bit more detailed overview of the market in 2021. As I've already noted, in 2021, overall Russian freight rail turnover went up to an all-time high. It grew by 3.6% and exceeded the pre-COVID level achieved in 2019. Over the two months this year, in January and February 2022, growth continued and the freight rail turnover increased by 4.3%. Most of the growth was delivered in the bulk cargo segment, and that drove recovery of rates in the gondolas segment. As for the oil segment, in the half of the year, we could see some accelerated recovery of volume and pricing remained favorable. Let's move on, slide nine. This is on our operational performance. In the half of 2021, our freight rail turnover returned to growth, +8% versus the half of 2021. However, the overall full year turnover went 2% down. This was driven by a number of factors, and we explained these before. First of all, the unfavorable weather conditions caused certain delays at ports, and we could also see some congestion at our key client facilities. Besides, in the half of 2021, the recovery of demand in the tank car segment was pretty slow. Within that same period, we continued expanding our leased-in fleet. Our leased-in fleet of gondolas, we increased it by 2,000 units. Besides, I must note that at the end of the year, we acquired around 400 tank cars, and at the beginning of 2022, we bought 100 more tank cars to strengthen our oil business. Now slide 10. Here I'm going to talk about our commercial activities and the operating efficiency. In 2021, the average price for a loaded trip increased by 11%. So you can see that in the upper right-hand corner of the slide. This was driven by the gondola market rate recovery, and besides stable pricing in the tank car segment. So I should also say that our gondola Empty Run Ratio improved slightly to 44%. A year ago, it was 45%. We are still among market leaders in terms of these indicators. In 2021, we also successfully extended two key service contracts. That was a contract with Rosneft. It was expanded, extended for five years until the end of March 2026. The Metalloinvest contract was extended for two years until the end of 2023. Volumes we service under this contract were increased from 50%- 70%. Service contracts contributed almost 60% of our annual net revenue from operation of rolling stock. Now I'd like to pass the floor to Alexander Shenets, the CFO, who is going to give you more details on the financial results of our group. Alexander, the floor is yours. Thank you. Hello, ladies and gentlemen. Let me talk briefly about the company's financial results for the year 2021. Slide 12. Here you can see information on our key financials. First of all, the left-hand upper graph adjusted revenue went 6% up and total operating cash costs, despite the inflationary processes, they were kept under strict control, and they only grew by 2%. As a result, our EBITDA increased by 8% and amounted to over RUB 29 billion. In the left-hand bottom graph you can see that despite the quite significant growth of CapEx in 2021, it increased by 22%, still, on account of the growth of net cash from operating activities by 8%. In the end, our free cash flow increased by 7% and exceeded RUB 16 billion. At the same time, which is also important, it's important to note that our net debt went more than 30% down and net debt to adjusted EBITDA as of the end of last year was 0.6x. Next slide 13. Here you can find information on the company's revenue. As usual, the key component of revenue is revenue from operation of rolling stock. It grew by 8%, mostly driven, as Valery has already mentioned, by the growth of average price per trip by 11%. The revenue from operating leasing of rolling stock adjusted slightly, but that was due to a correction of the average lease rates with regard to 10 cars in 2021. Net revenue from specialized container transportation went 15% down, but that is, that was caused by deconsolidation of SyntezRail, a company which, as you are well aware, of was sold. Next slide 14. This slide is about our total operating cash costs. I ought to note that, despite the quite serious inflationary pressure with regard to certain items of expenses, still in other items of expenses, we delivered substantial savings. Overall, our total operating cash costs only went 2% up, and I believe, this is a very positive achievement. Slide 15. Major operating cash cost items. Our major item of expenses here is the empty run costs. It was kept under control. This line was kept under control and such costs went 2% down despite the indexation of the RZD tariff by 3.6%. Employee benefit expenses grew by 32%. This is substantial growth. It was due to quite a lot of factors. First of all, there was inflation-driven growth of salaries and wages. Second, there was a 5% year-on-year increase in the average head count because in the year 2021, we continued shifting to in-house locomotive crews. In terms of this item expenses, we saw some growth, but we also had more substantial saving in terms of other items of expenses related to such crews. I should also mention the increase in bonuses. The point is that, the group demonstrated, good performance in 2021, so and the results exceeded our initial expectations because, well, we all remember that the half of the year, 2021, was a kind of a crisis pandemic, period. However, the full year results, appeared to be better, so turned out to be better than we expected. Repairs and maintenance costs, these costs went 7% down. Here, I must say, well, prices of repairs were going down, and we applied all sorts of programs to manage these costs. That's why we delivered such, good savings. Fuel and spare parts, expenses with regard to locomotives, these grew substantially by 21%. This was driven by two key factors. First of all, the, inflation-driven, rise in, fuel price. Besides, we started to use our own locomotives and locomotive crews more, which reflected the post-pandemic recovery in the market. Next slide 16. This is about our free cash flow. Here, I would like to point out the following. Despite the quite substantial increase in our CapEx, so you can see that in the upper graph. Our total CapEx went 22% up, and this was associated mostly with the growth of CapEx related to our rolling stock, I mean the expansion CapEx. We purchased some additional tank cars. However, despite the growth of this kind of CapEx, we can see that free cash flow for the full year, it even increased to over RUB 16 billion. That was primarily driven by a better cash flow from operations. Slide 17. This is on our debt and our leverage, the debt portfolio of the company. This is a very important thing in the current circumstances. I must note that our net debt went more than 30% down. Our leverage, net debt to adjusted EBITDA, so this number was very low, just 0.6x. The weighted average effective interest rate was 7.5%. This is a very low number. I would also like to note that all of our debt is not just denominated in rubles. It also has fixed interest rates. That is why the current turbulence has so far produced no impact onto our debt portfolio. In the longer graph at the bottom of the slide, you can see that the company established quite good reserves, quite good buffers. The cash flow generated was pretty strong. The debt portfolio, it's very well structured in time. It has a very good maturity profile, so the company is experiencing no difficulties in servicing its debt. Next slide 18, it's on the optimization of our business portfolio. As you probably know, by this point in time, we have completed two transactions. The one is the disposal of a 60% stake in a small niche operator, SyntezRail. This transaction was done in October 2021. We did this transaction at a very good price. The transaction that was closed very recently, that's an acquisition of 40% stake in one of our key subsidiaries. It's called BaltTransServis. This transaction was done so that we could focus more on our key businesses and our core businesses, the ones that are cash generating. I must also note that the transaction was done with very attractive multiples, and the price was also very good. At this point, I would like to complete my part of the presentation. I would like to pass the floor back to Valery Shpakov, the CEO. Valery is now speaking. Thank you. I will continue now. In the end, I would like to once again take a look at the current situation. I must say that we are keeping our finger on the pulse, and we are ready for all sort of change. Demand and pricing currently remain relatively solid. Well, but of course, it is quite difficult to make any forecast right now, and the probability that the volatility might grow is certainly there. With regard to the impact of sanctions onto the volumes of key industrial cargos, well, it's so hard to say anything at this point in time. I can confidently say that the ongoing expansion of the rail infrastructure in Russia will support growth of export to Asia. That is what we are, in fact, observing. As for Globaltrans, our company. First of all, well, I mentioned that before. Let me say it again. The influence onto our group's operation has so far been moderate, and all key service contracts are performing. I will repeat it again. We have a high cash flow. We have low leverage. All of our debt is denominated in rubles and has fixed interest rates. Our liquidity is currently sufficient to comfortably service our debt and new investment has been temporarily suspended. I must also note that building shareholder value remains among our key priorities. The payout of final dividends for 2021 has been temporarily put on hold for reasons beyond our control. We continue implementing our GDRs buyback program. Besides, the board of directors has recommended it to the shareholders that they should approve a new buyback program for up to 10% of the shareholder capital in the forthcoming AGM. As you know, as of today, trading in our GDRs on London Stock Exchange and on Moscow Exchange has been temporarily suspended. Well, in the end, I would like to note once again that Globaltrans is a resilient business with strong operational capabilities and extensive financial buffers. The successful year 2021 made our positions even stronger, even more robust. There are many things that are beyond our control, but I'm confident that our company is well-positioned to cope with new challenges. Thank you for your kind attention, and now let's answer your questions. Now, Mikhail is speaking. Thank you, Valery. This time just before the start of our call, we collected questions from analysts in advance this morning, and I would like to thank the analysts that sent their questions. Some of the questions are just overlapping, so let me just say who sent their questions. Andrey Karagodin, VTB Capital, Georgi Ivanin, Sberbank CIB, Igor Venturov, Gazprombank, Matvey Tayts, Sova Capital, Dmitry Bulgakov, BCS, Anastasiya Egiazaryan from Sinara, and Mikhail Ganilin from Atom. Hopefully I have mentioned all the names. Let us just go through all these questions. Many questions, very interesting questions. Let me start. The question was, what trends are currently seen in the market? What trends you're currently observing in the market? What are your expectations in terms of volumes in 2022? Do you see any risks of a substantial growth of surplus of tankers in the market? Valery Shpakov will answer the question. As I've already mentioned in my presentation, at the beginning of the year, the market conditions were favorable. For instance, over the two months in January and February, freight rail turnover increased by 4.3%. I must note that we can observe similar trends in March. In March, we have not seen any significant decline in terms of demand. Shippers are redirecting their cargo flows dependent on the situation in the market. What's important to note, the changes are associated with growth in domestic transportation inside Russia, and some cargo flows are redirected to the east. What else I could note? Well, of course, in this current environment, it's difficult to make any forecast, but we certainly expect some volatility. I'm finished. Mikhail continues. Thank you. Next question. We had quite a lot of questions on the rates on pricing. Valery, what can we currently see in the market in terms of rates? To what level can rates in the gondola segment change? Did we revise our prices with our customers at the end of last year? Valery Shpakov is answering the question. Well, if you take a look at the dynamics we demonstrated in the half of 2021, at the beginning of 2022, the demand was high, and of course, price rates in the market recovered. In March, we have so far not seen any substantial changes in terms of pricing in the gondolas market. Our current rates under our contracts, they fully reflect the market dynamics. As for the tanker segment, pricing has been relatively solid as well. It is, of course, difficult to predict further dynamics of prices in the market. We will be following the situation. We'll be realistic about it, and I believe that we will be able to keep our positions at a good level. Mikhail continues. Thank you. Now let us focus on next question. Can you tell us about your current customer management activities? Any changes in this respect? Valery Shpakov is answering the question. Well, let me be brief. We have not observed any disruptions in our operations so far. All our contracts are performing. The customers are interested in our services, and we're getting quite large number of requests for our transportation services. Mikhail continues. Thank you, Valery. Next question. This is probably a question to Alexander. Well, in fact, recently we have been receiving many questions on this topic. What is happening around the listing? What are the prospects? Will trading on Moscow Exchange be launched? What are your expectations in this respect? Now, Alexander Shenets, the CFO, is answering the question. Thank you. Thank you for the question. Colleagues, well, one should understand that trading in GDRs of all issuers, I mean all issuers that are associated this way or other with the Russian Federation on LSE, were suspended. All trading was suspended at the beginning of March. London Stock Exchange only made very, you know, generic, very general comments on the reasons for that. However, we have the understanding that trading in our GDRs on Moscow Exchange will be resumed independent of the situation with the London listing. We are in fact expecting the resumption of trading on Moscow Exchange in the near future. Mikhail continues. Thank you. Thank you. Now, next question is somehow associated with the previous one. Are you considering the option of a full transfer of the company into the Russian jurisdiction and transfer of all listing to Moscow Exchange? Alexander Shenets answers the question. Well, I would say that we are carefully following the situation, but at this point in time, we do not have any specific plans on that. Mikhail continues. Next question. This is about the GDR's buyback program. The board of directors has proposed a new program. What are the changes as compared to the current program that is currently being implemented? Alexander Shenets, the CFO, is answering. Yes, thank you. The board of directors has submitted the new buyback program to the review of the general meeting of shareholders. Well, in terms of the substance, there is just one key change. The volume of the program was increased to 10% of the share capital. It used to be 5%, now it's going to be 10% of the share capital, including the already bought back shares. We haven't bought back many shares. Mikhail continues. Yes, thank you. Next question. What are your plans with regard to CapEx for the year 2022 in view of the observed growth and inflation on the one hand, and the potential optimization measures undertaken by the company on the other hand? What should the market expect in terms of managing costs? Alexander Shenets is answering the question. Yes, thank you. That's an important question, so I will answer this one as well. Well, we have certainly temporarily suspended our investment in expanding our rolling stock, so we have put on hold our expansion CapEx. That is because of the current volatility. At the same time, our maintenance CapEx is still there. We expect that it will amount to around RUB 7 billion net of the potential effect of inflation growth. In terms of our costs, our expenses, well, as far as I understand, in the current situation, the inflationary pressure will most likely get more intense. We believe that we know how to manage our costs, and we will apply strict, most stringent control to our costs. Well, some costs that are not a must, so we have cut them already, but certainly we will monitor expenses very closely. I think that's it. Mikhail continues. Yes, thank you. Next question. What are your further views with regard to dividends and dividend payouts? If the limitation on the payout of dividends to foreign investors from unfriendly countries is lifted this year, will the company revisit the matter of dividends payout this year, or will it prefer to postpone the matter to next year just to support the liquidity? I believe that's a pretty interesting question. Alexander Shenets continues answering. Yes, that's a very important question. As we already mentioned in the course of our presentation, the payout of final dividends for the year 2021 has been temporarily suspended because of the technical limitations regarding the upstreaming of cash to our holding company in Cyprus. Also, that's also very important, it's being done for the purposes of building, of creating liquidity buffers. In the current situation, these funds will be used to repay current indebtedness to banks. This is going to strengthen our financial profile and the balance sheet of our company. As for the overall approach to paying out dividends, well, our approach does not change. Strategically it's the same. However, obviously, in the short run, we need to pay more attention to going through this period of turbulence. That's what we are going to focus on. Mikhail continues. Okay, I see. Thank you. Now the next question is for Valery Shpakov. What is happening in terms of some initiatives, for instance, the initiative to hand over the rolling stock under the management of RZD? What regulatory risks can you currently see? Valery Shpakov says now. Well, let me answer this question. Yes, we have heard about this initiative. We... Not only we, not only us, private players in this market overall. We do not see any need to change the already existing mechanism of operation in the industry. The efficiency that has been proven delivers good results. The current mechanism is very efficient. Besides, I should say that within the framework of market liberalization and reforms in the industry, a lot of private investment was raised, so this investment was used to purchase the freight car fleet, and this fleet is one of the youngest in the world internationally. As for our company, our company was created from scratch. We never privatized anything, and we purchased, we've been purchasing new cars from their manufacturers, and thus we have been providing and are still providing high quality services to our customers. You know, it's all like that, and it should continue like that. Thank you. Mikhail continues. Next question. In your presentation, you mentioned that parts of your rail cars were operating in Ukraine. Can you give us more details on that? Valery Shpakov continues. Yes, indeed. We have come across a force majeure situation because we provided some transit services for a number of customers through the territory of Ukraine. And that is why we currently have about 5% of our total fleet blocked in that territory. Today, we're studying opportunities to return these rail cars. Besides, we intend and we are doing our best to minimize the effect of this event onto our operations. I believe that's what I can say. That's a comment I can make. Yes, thank you. Mikhail continues. Next question. I believe it's important as well. What are the current opportunities in terms of further increase of exports to Asia? Valery Shpakov is answering the question. Well, with regard to opportunities, there are always opportunities, and we can see growth, and this growth will continue. What we have observed is the redirection of cargo flows of our customers, and we can see a growth of volumes going to the east. Works in terms of expanding the freight capacity continue. There is a program with regard to that, and it's very well-funded. Under that program, by the year 2024, the overall freight capacity of railroads should increase to 182 million tons. At this point in time, the total freight capacity of Baikal and Amur, BAM, and Transsib, Transsibirskaya railroad lines, so the total capacity is 144 million tons. As I said, the situation is changing. I believe we can say that the situation in that area is improving. Thank you. The final question, Valery, so what are your overall views with regard to development, the development of the industry? Valery Shpakov continues. Well, I should say that, I'm positive about it. I believe that railroads, that's the blood system of the Russian economy, and it links us to many other economies internationally. For instance, net of pipelines, about 87% of overall freight turnover in Russia is related to railroad transportation by rail. Railroad services have a very large share in total turnover and some, you know, mass cargos can only be carried by railroad. As for our company, our company is currently in a very good shape. We are well-positioned to cope with new challenges. We have an efficient operating model and extensive financial buffers. Of course, we will do our best to get adjusted and to continue servicing our clients as efficiently as possible. I believe that the overall outlook is positive. Mikhail continues. Thank you. Thank you, Valery. Thank you, Alexander. Many thanks to you, and many thanks to the participants of our event today. We remain at your disposal. If you have any questions, if any of the investors that are now listening to this call would like to have a separate conversation with us, we would be very happy to continue the dialogue. All the contacts are available on the website, and the information on the group and presentations are also available on our website, so stay in contact. Thank you very much. Thank you. At this point, ladies and gentlemen, we are completing this conference. Thank you very much. Goodbye.