Subject of research: MARKET OF LEASING
Goal of research: EVALUATION OF MARKET AND FORECAST OF ITS DEVELOPMENT FOR 2013-2016
Regions of research: RUSSIA AND REGIONS OF RF
Main blocks of research:
VOLUME OF RUSSIAN MARKET OF LEASING
SEGMENTATION OF RUSSIAN MARKET OF LEASING
LARGEST PLAYERS ON THE RUSSIAN MARKET OF LEASING
CERTAIN PRODUCTS SEGMENTS
MARKETING INSTRUMENTS ON THE MARKET OF LEASING SERVICES
TRENDS ON THE RUSSIAN MARKET OF LEASING
CONSUMER BEHAVIOR OF CLIENTS
FORECAST OF DEVELOPMENT OF THE LEASING MARKET FOR 2013-2016
Market segmentation:
BY REGIONS OF RUSSIA
BY FEDERAL DISTRICTS OF RUSSIA
BY EQUIPMENT SEGMENTS
BY LARGEST ENTERPRISES
Information sources used:
Federal State Statistics Service
Ministry of economic development
Federal Customs Service
Federal Tax Service
Field experts’ evaluations
Reports of retail sales
Materials of the main field players
Professional associations data
Field printed and electronic publications
The research presents 31 schedules, 17 diagrams and 54 tables.
EXTRACTS FROM RESEARCH
VOLUME OF THE RUSSIAN LEASING MARKET
The most accurate parameter when evaluating the leasing market volume is the number of new deals, concluded during the calendar period – it allows to understand, how effective was the activity of the leasing companies and how fast their portfolios are growing.
Volume of leasing market in 2006-2010 was changing noticeably. If until 2007 there was active growth of 50-150% annually, then after the financial crisis the market volume reduced significantly, having decreased in 2009 to 315 bln. rubles, after that, in 2010, there was a new peak of growth up to the level of 2008. In 2010 the market volume exceeded 725 bln. rubles. (+***%to the previous year). In 2011 the outlined growth continued but the rate slowed down to 79%.
2012 was critical and unexpected a little. In the first half of 2012 rate if growth of new leasing deals amounted to **%, during January-June leasing companies concluded new contracts for 712 billion rubles –8 times more than in the 1 half of crisis 2009. The main growth was provided by the leader of the market– «WEB-LEASING» JSC. The rate of growth of the market did exceed 10,3% if deals of the company are not taken into account.
The market collapsed in the 3rd quarter 2012. Besides "WEB LEASING" transactions - the volume of new business decreased by 3% compared to January-June, 2011, and taking it into account – increased by **% to **65 billion rubles. Parameters are very modest compared to rates of growth in the first half of the year.
According to estimates of branch experts, slowing down of growth of the market was caused, first of all, by falling of the prices of railway cars and small number of very large deals which is equal to about 70% of the market.
During a year the parameter reached the value of **** billion rubles, thus, growth compared to previous year was equal to only **%, while expected values were at the level of 20%.
***
During 2009 – 2010 the largest number of deals accounted for the second half of the year. In 2009 the second quarter accounted for quite a large volume of sales as compared to the third. Such a dynamics was due to a growth of proceeds of Moscow Region (more than 6,5 times more than in the previous period).
2011-2012 were not characterized by pronounced seasonality, proceeds parameters increased during a year. In 2012 only Moscow was characterized by seasonality, reflected weakly in third and fourth quarters.
Novosibirsk Region
Moscow Region
Altay Territory
Stavropol Territory
Samara Region
Nizhniy Novgorod Region
Republic of Udmurtia
Tyumen Region
Republic of Mordovia
Yaroslavl Region
Perm Territory
Krasnoyarsk Territory
Republic of Tatarstan
Saint Petersburg
Moscow
MARKET SEGMENTS
Railroad machinery
***
Light motor vehicles
Power equipment
Construction machines, incl. special
construction wheeled machines
***
Road-building machines
Equipment for oil-extraction and oil-processing
***
Buses and micro-buses
Other
In 2012 the largest share of market of concluded deals accounted for the segments of railroad machinery (**%),freight (**%)and light motor (**%)vehicles and power equipment and construction equipment including special wheeled equipment –4%. Share of aviation equipment did not exceed **%.
Railroad machinery had a steady high share in the total volume of leasing deals – starting from 2008 its share increased steadily: from 13% to **% in 2012.
In 2010-2011 the shares of the majority of other types of equipment somewhat reduced due to outrunning growth of railroad machinery share. It should be mentioned, however, that in the largest segments the reduction did not refer to the freight transportation, construction and road-building machines.
The decrease was significantly reflected on the market of light and aviation transport.
…
5.7. Power equipment leasing
WEB LEASING
ALFA LEASING
OTHER
BUSINESS ALLIANCE
BALTIYSKIY LEASING
EKSPO LEASING
Power equipment leasing, collapsed during the crisis, in 2012 it showed a significant increase. Total volume of new deals in the period from January to September reached 39,6 billion rubles. The segment growth was due to the implementation of large projects, and interest of enterprises to independent power creation.
During nine months of 2012 the largest player of the market of power equipment leasing was «BUSINESS-ALLIANCE». «WEB-LEASING» with the share of **,3% ranked second.
The market increase in 2012 was due to a sharp increase of new contracts of the leader of the segment - «BUSINESS-ALLIANCE». Volumes of new deals were increased by «URALSIB» LC, so during three quarters of 2012 the company concluded new contracts for *** mln rubles, that exceeded the parameters of 2011 three times.
STATE REGULATION
Industry changes
An important event for avialeasing in 2012 was coming into effect of the government resolution No. 1212 according to which the Russian airlines can compensate a part of the expenses for introduction of leasing payments in case of acquisition of planes for regional and local transportations, including, it concerns import aircrafts.
Since September 1, 2012 disposal fee on new and second-hand cars of all categories which must be paid by importers or the citizens importing foreign cars to Russia. "This event has no essential impact on the market yet because dealers still had the cars imported till September 1, 2012, however further it can affect the increase cars cost".
One of the most important measures of the state support of car-building branch against reducing demand of freight rolling stock is the offer on a ban of extension of operation term of the railroad car after overhaul which most likely will be accepted.
In the shipbuilding segment at present there is a practical impossibility of leasing use. Its share in leasing portfolio on 01.10.2012 was equal to less than 1%. Experts mark that leasing in the Russian shipbuilding doesn't work practically that is one of the main reasons for decline of the branch. In its turn, the state took the measures. The government approved the state program of development of shipbuilding up to 2030. Only about 338 billion rubles will be invested in its civil part from the budget.
Leasing in shipbuilding is characterized by a number of the features caused by high cost of vessels and long payback periods (8-12 years and more). At the same time the emphasis on the state program is made one time advantage – minimization of onetime current assets of lessee. It makes the leasing scheme a more acceptable way of vessel construction financing, than attraction of own means of the customer of a vessel or bank credit».
The state expects to support shipbuilding also due to development of research and development, assistance of vessels leasing and their "accelerated utilization". The main emphasis in the program is made on equipment for shelf development, ice breakers and fishery fleet.
RESEARCH METHODOLOGY. LIST OF SCHEDULES, DIAGRAMS, TABLES AND SCHEMES
1.GENERAL ECONOMIC SITUATION IN RUSSIA
1.1. Population of Russia
Population number
Largest cities
Social standard of living
Economic activity
1.2. Economic situation
Dynamics of economic development
Stability of the state budget
1.3. Russia’s position in the world
Share of RF in the global population
2. RESEARCH METHODOLOGY
2.1. Description and types of leasing
2.2. Methodic explanations to research
3. VOLUME OF THE RUSSIAN LEASING MARKET
3.1. Volume of leasing market
3.2. Regional structure of leasing market
3.3. Main characteristics of market
Share of overdue payments
Term of accounts payable turnover
Term of accounts receivable turnover
Profitability of sales
4. LARGEST COMPANIES ON THE LEASING MARKET
4.1. Volume of new deasls
4.2. Portfolio volume
5. SEGMENT OF MARKET
5.1. Structure of market by main segments of products
5.2. Leasing of railroad machinery
Volume of segment
Largest players in the segment
5.3. Leasing of air transport
Volume of segment
Largest players in the segment
5.4. Freight transport leasing
Volume of segment
Largest players in the segment
5.5. Light motor vehicles leasing
Volume of segment
Largest players in the segment
5.6. Real estate leasing
Volume of segment
Largest players in the segment
5.7. Power equipment leasing
Volume of segment
Largest players in the segment
6. MARKETING INSTRUMENTS ON THE MARKET OF LEASING SERVICES
6.1. Leasing deals transactions
6.2. Pricing on the market
6.3. Promoting of leasing service
6.4. Sales channels of leasing service
7. STATE REGULATIONS
8. FACTORS INFLUENCING RUSSIAN LEASING MARKET
8.1. Factors limiting the market growth
8.2. Positive contributing factors
8.3. Investments into the main capital
8.4.Funding sources of leasing companies
8.5. Development of related areas
Insurance of property on leasing deals
Agency business
Collection services
Consulting activity
9. RISKS OF LEASING ACTIVITY
10. TRENDS ON THE RUSSIAN MARKET OF LEASING
10.1. Trends on the market
Problems of the market
Competitive prospects of the service
Accelerated depreciation
Companies’ specialization
Reinforcement of state companies
Leasing companies of producers
10.2. Leasing associations
ULA
10.3. Customers’ behavior
11. PROFILES OF COMPANIES
11.1. «WEB-LEASING» JSC
Reference information
Activities
Balance sheet
Profit and loss statement
Financials of activity
11.2. «VTB-LEASING» JSC
Reference information
Activities
Balance sheet
Profit and loss statement
Cash-flow statement
Financials of activity
11.3. «Sberbank Leasing» JSC
Reference information
Activities
Financials of activity
11.4. «GTLK» JSC
Reference information
Activities
Balance sheet
Profit and loss statement
Financials of activity
11.5. «BUSINESS ALLIANCE» JSC
Reference information
Activities
Balance sheet
Profit and loss statement
Cash-flow statement
Financials of activity
11.6. «LEASING COMPANY «URALSIB» LLC
Reference information
Activities
Balance sheet
Profit and loss statement
Cash-flow statement
Financials of activity
11.7. «Evroplan» JSC
Reference information
Activities
Balance sheet
Profit and loss statement
Cash-flow statement
Financials of activity
11.8. «KARKADE» LLC
Reference information
Activities
Balance sheet
Profit and loss statemen
Cash-flow statement
Financials of activity
12. FORECAST OF THE RUSSIAN LEASING MARKET DEVELOPMENT FOR 2013-2016
ENCLOSURE 1. VOLUME OF NEW BUSINESS OF LEASING COMPANIES IN 2006-2011 (2012)
ENCLOSURE 2. 10. ENCLOSURE 2. VOLUME OF RATING COMPANIES PORTFOLIO AS OF 1ST OF JANUARY, 2006-2012 (2013)
ENCLOSURE 3. VOLUME OF RECEIVED LEASING PAYMENTS AS OF 1ST OF JANUARY, 2007-2012 (2013)
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LIST OF SCHEDULES, DIAGRAMS, TABLES AND SCHEMES
1.GENERAL ECONOMIC SITUATION OF RUSSIA
Schedule 1. Number of population of Russia in 1990, 2000, 2005 and 2008-2012, ths people
Schedule 2. Dynamics of resident population number of Russia in three forecast variants in 2011-2031, ths people
Diagram 1. Structure of the number of Russian population compared to working age in 2011-2031, % (medium variant of forecast)
Table 1. Number of population of the largest cities of Russia according to Censuses of 2002 and 2010 and January 1, 2013, ths people
Schedule 3. Dynamics of actual household disposable income in Russia and annual rate of its growth in 2000-2012, %
Schedule 4. Forecast of the ratio of demographic load dynamics in 2011-2033
Diagram 2. Dynamics of the number of employed and unemployed in Russia in 2000-2012 and forecast for 2013-2015, mln people.
Schedule 5. Dynamics of number of employed and unemployed people in economically active population by federal districts of RF in 2006-2012, %
Schedule 6. Dynamics of total external debt of RF in 2009-2013 (as of 1 January), mln dollars
Schedule 7. Investments into the fixed capital of RF in 2002-2012 and forecast for 2013-2015, billion rubles
Schedule 8. Surplus/deficit of consolidated budget of RF in 2006-2010, % to GDP
Schedule 9. Dynamics of total external debt of RF in 2009-2013 (as of 1 January), mln dollars
Diagram 3. Change of structure of total external debt of RF in 2009-2013 (as of January 1), %
Schedule 10. Dynamics of CPI in 2006-2012 and forecast for 2013-2015, % to the corresponding period of the previous year
Schedule 11. Dynamics of the population of Russia and world in 2000-2012 and forecast up to 2100, mln people
Schedule 12. Share of RF in the world GDP in 2001-2012 and forecast for 2013-2016, %
2. RESEARCH METHODOLOGY
3. VOLUME OF THE RUSSIAN LEASING MARKET
Schedule 13. Volume of new deals on the market of leasing in 2006-2012, billion rubles
Diagram 4. Share of leasing in the total volume of investments into the fixed capital in RF in 2006-2012, %
Schedule 14. Aggregate portfolio of Russian leasing companies in 2006-2012, billion rubles
Diagram 5. Regional dynamics of leasing market structure in 2006-2012, %
Schedule 15. Proceeds from financial leasing in the largest regions of RF by quarters of 2009-2012, ths rubles
Table 2. Proceeds from the financial lease services in the largest regions of RF by quarters 2009-2012, mln rubles
Schedule 16. Share of past-due payments of financial leasing in total volume of accounts payable in RF by quarters 2009-2012, %
Schedule 17. Average period of accounts receivable turnover of the leasing companies in RF by quarters 2009-2012, days
Schedule 18. Average period of accounts payable turnover of the leasing companies in RF by quarters 2009-2012, days
Schedule 19. Profitability of sales of financial leasing in RF by quarters 2005-2012, %
4. LARGEST COMPANIES ON THE LEASING MARKET
Diagram 6. Regional dynamics of the leasing market structure in 2012, %
Table 3. Volume of new business of the largest leasing companies in 2008-2012, mln rubles
Diagram 7. Dynamics of structure of the largest Russian leasing companies by volume of new deals in 2008-2012, %
Diagram 8. Structure of the Russian leasing market by the portfolio of the largest companies in 2012, %
Table 4. The largest Russian leasing companies by total portfolio in 2008-2012, mln rubles.
Diagram 9. Dynamics of portfolio shares of the largest Russian leasing companies 2010-2012, %
5. SEGMENT OF MARKET
Diagram 10. Structure of Russian leasing by segments in cost terms of new deals in 2012, %
Diagram 11. Dynamics of structure of the largest Russian leasing companies by volume of new deals in 2008-2012, %
Table 5. Volume of the new contracts by segments of equipment in 2008-September 2012, mln rubles
Schedule 20. Dynamics of volume of the concluded deals for leasing of railroad machinery in RF in 2008-September 2012, mln rubles
Schedule 21. Index of average rental rate for railroad rolling stock in 2008-January 2013, %
Diagram 12. Dynamics of structure of new deals for leasing of railroad machinery by the main leasing companies in 2009- January-September 2012, %
Table 6. Dynamics of volume of the concluded deals for leasing of railroad machinery by the main leasing companies in 2008-September 2012, mln rubles
Schedule 22. Dynamics of producer prices for freight cars in RF in 2007-2013*, ths rub/unit
Schedule 23. Dynamics of volume of the concluded deals for leasing of aviation equipment in RF in 2008-September 2012, mln rubles
Diagram 13. Dynamics of structure of new deals for leasing of aviation equipment by the main leasing companies in 2009-January-September 2012, %
Table 7. Dynamics of volume of the concluded deals for leasing of aviation equipment by the main leasing companies in 2008-September 2012, mln rubles
Schedule 24. Dynamics of volume of the concluded deals for leasing of freight motor transport in RF in 2008-September 2012, mln rubles
Diagram 14. Dynamics of structure of new deals for leasing of freight motor transport by the main leasing companies in 2010-January-September 2012, %
Table 8. Dynamics of volume of the concluded deals for leasing of freight motor transport by the main leasing companies in 2008-September 2012, mln rubles
Schedule 25. Dynamics of volume of the concluded deals for leasing of light motor transport in RF in 2008-September 2012, mln rubles
Diagram 15. Dynamics of structure of new deals for leasing of light motor transport by the main leasing companies in 2010- January-September 2012, %
Table 9. Dynamics of volume of the concluded deals for leasing of light motor transport by the main leasing companies in 2008-September 2012, mln rubles
Schedule 26. Dynamics of volume of the concluded deals for leasing of real estate in RF in 2008-September 2012, mln rubles
Diagram 16. Structure of new deals for leasing of real estate by the main leasing companies in January-September 2012
Table 10. Dynamics of volume of the concluded deals for leasing of real estate by the main leasing companies in 2008-September 2012, mln rubles
Schedule 27. Dynamics of volume of the concluded deals for leasing of power equipment in RF in 2008-September 2012, mln rubles
Diagram 17. Dynamics of structure of new deals for leasing of light motor transport by the main leasing companies in 2010- January-September 2012, %
Table 11. Dynamics of volume of the concluded deals for leasing of power equipment by the main leasing companies in 2009, 2011 i January-September 2012, mln rubles
6. MARKETING INSTRUMENTS ON THE MARKET OF LEASING SERVICES
Scheme 1. Clients of leasing companies
7. STATE REGULATIONS
8. FACTORS INFLUENCING RUSSIAN LEASING MARKET
Schedule 28. Factors affecting negatively the market of leasing in 2011-2012, by descending degree
Schedule 29. Dynamics of investments into the main capital by the type of activity "Financial leasing" in Russia in 2005-2012, mln rubles
9. RISKS OF LEASING ACTIVITY
10. TRENDS ON THE RUSSIAN MARKET OF LEASING
11. PROFILES OF COMPANIES
Table 12. Subsidiaries «WEB-LEASING» JSC
Table 13. Shareholders/founders «WEB-LEASING» JSC
Table 14. Balance sheet «WEB-LEASING» JSC, ths rub
Table 15. Profit and loss statement «WEB-LEASING» JSC, ths rub
Table 16. Financials of activity «WEB-LEASING» JSC
Table 17. Subsidiaries «VTB-LEASING» JSC
Table 18. Shareholders/founders «VTB-LEASING» JSC
Table 19. Balance sheet «VTB-LEASING» JSC, ths rub
Table 20. Profit and loss statement «VTB-LEASING» JSC, ths rub
Table 21. Cash-flow statement «VTB-LEASING» JSC
Table 22. Financials of activity «VTB-LEASING» JSC
Table 23. Subsidiaries «SBERBANK LEASING» JSC
Table 24. Shareholders/founders «SBERBANK LEASING» JSC
Table 25. Financials of activity «SBERBANK LEASING» JSC
Table 26. Subsidiaries «GTLK» JSC
Table 27. Shareholders/founders «GTLK» JSC
Table 28. Balance sheet «GTLK» JSC, ths rub
Table 29. Profit and loss statement «GTLK» JSC, ths rub
Table 30. Financials of activity «GTLK» JSC
Table 31. Subsidiaries «BUSINESS ALLIANCE» JSC
Table 32. Shareholders/founders «BUSINESS ALLIANCE» JSC
Table 33. Balance sheet «BUSINESS ALLIANCE» JSC, ths rub
Table 34. Profit and loss statement «BUSINESS ALLIANCE» JSC, ths rub
Table 35. Cash-flow statement «BUSINESS ALLIANCE» JSC
Table 36. Financials of activity «BUSINESS ALLIANCE» JSC
Table 37. Subsidiaries «LK URALSIB» LLC
Table 38. Shareholders/founders «LK URALSIB» LLC
Table 39. Balance sheet «LK URALSIB» LLC, ths rub
Table 40. Profit and loss statement «LK URALSIB» LLC, ths rub
Table 41. Cash-flow statement «LK URALSIB» LLC
Table 42. Financials of activity «LK URALSIB» LLC
Table 43. Subsidiaries «EVROPLAN» JSC
Table 44. Shareholders/founders «EVROPLAN» JSC
Table 45. Balance sheet «EVROPLAN» JSC, ths rub
Table 46. Profit and loss statement «EVROPLAN» JSC, ths rub
Table 47. Cash-flow statement «EVROPLAN» JSC, ths rub
Table 48. Financials of activity «EVROPLAN» JSC
Table 49. Subsidiaries «KARKADE» LLC
Table 50. Shareholders/founders «KARKADE» LLC
Table 51. Balance sheet «KARKADE» LLC, ths rub
Table 52. Profit and loss statement «KARKADE» LLC, ths rub
Table 53. Cash-flow statement «KARKADE» LLC, ths rub
Table 54. Financials of activity «KARKADE» LLC
12. FORECAST OF THE RUSSIAN LEASING MARKET DEVELOPMENT FOR 2013-2016
Schedule 30. Dynamics of the volume of global leasing market by volume of new deals in 1990-2011, billion dollars
Schedule 31. Dynamics of volume of the Russian leasing market by volume of new deals and its share in the GDP in 2001-2012 and forecast for 2013-2016, mln rubles, %
13. ENCLOSURE 1. VOLUME OF NEW BUSINESS OF LEASING COMPANIES IN 2006-2011 (2012)
14. ENCLOSURE 2. 10. ENCLOSURE 2. VOLUME OF RATING COMPANIES PORTFOLIO AS OF 1ST OF JANUARY, 2006-2012 (2013)
15. ENCLOSURE 3. VOLUME OF RECEIVED LEASING PAYMENTS AS OF 1ST OF JANUARY, 2007-2012 (2013)
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