Юрій

Yuriy Kulyk
46 years old

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Live in Kyiv City, Ukraine
Citizen of Ukraine

Required post
Chief financial officer (CFO, Finance director)

Employment: full-time

Total experience 26 years
April 2024 – now Energy Company of Ukraine, JSC (A State own entity – power and natural gas
trader)
www.ecu.gov.ua
Advisor to CEO on corporate finance and development (CFO)

April 2023 – March An independent advisor on business process optimization, increase
2024
of shareholders’ wealth, preparation for M&A

Gas transmission system (GTS – totally 10 years):
November 2019 – Gas Transmission System Operator of Ukraine (GTSOU), LLC
April 2023 Finance director
Responsibilities:
Management of the financial unit (Accounting, Treasury Department, Department of Budgeting,
Investments and Analysis), as well as the Department of Property and Land Affairs and the
Department of the KASK SAP, cooperation with State authorities and International financial
institutions. The number of the Company’s employees is 10.5 thousand, the annual turnover is up
to $3 billion, it is represented in all regions of Ukraine.

Accomplishments:
Successful and timely implementation of strategic projects, including optimization of the financial
function, transition to SAP S/4 HANA. Setting functions of planning and budgeting of cash flows,
income and expenses, management of working capital, definitely positive audit opinion (Big Four).

PRTE «Ukrgazenergoservice» SC «Ukrtransgaz»
Chief accountant, deputy chief accountant, accountant
November 2001 —
June 2008; Responsibilities:
Ensuring accounting and preparation of financial statements, preparation of management reports,
Totally at GTS
including cash flow planning, support of the international audit of financial statements (Ernst&Young
10 years
– Big Four), support of all inspections of financial and economic activity.

Accomplishments:
Successful reorganization of the Accounting department, automation of the accounting function
based on the FinExpert system, quality and timely financial and management reporting, definitely
positive audits opinions.
March 2018 — Atlantic Group (A private US media&advertising company)
June 2019
www.agl-media.com
1 year 3 months
Finance director, member of the Board
Management of Finance, Accounting, Legal, Procurement and Administrative departments.

Project work on auditing and optimization of business processes, staff optimization, increasing
operational efficiency, increasing transparency and openness of business, increasing its market value.

The Group included 19 legal entities in Ukraine and additionally foreign legal entities, engaged in a full
cycle of advertising and marketing services, from creation to placement on all platforms (Internet,
television, outdoor advertising, radio), the number of employees is about 600, the turnover is about 100
million USD.

DTEK:
April 2016 —
January 2018 DTEK Power Distribution

DTEK - the company that issued Eurobonds, implements the best corporate governance practices, lean
production, actively protects environment.

Finance director

The DTEK Power Distribution business block included 4 legal entities that carried out transmission and
supply of electricity through distribution networks, the total number of employees was 10,000, and the
annual turnover was USD 2.5 billion, the number of clients was 2.5 million.

The Finance Directorate consisted of 3 departments with a total of 154 employees.

Responsibilities:
Consolidation of financial statements at the level of a business block, control over accounting and stand-
alone financial reporting of enterprises according to IFRS, tax planning, management reporting, planning
and forecasting: cash flows, P&L, payment calendar, optimization of cash flows and tax burden within the
business unit. Implementation and post implementation control of the investment policy. Work in
committees: I was deputy head of the Investment, Budget and Working Capital Committees. Passing an
international audit (PWC - Big Four), close cooperation with National Energy and Utilities Regulation
Commission (NEURC).

Accomplishments:
Successfully carried out the reorganization and optimization of business processes in the Finance
Directorate, which led to direct savings on the Directorate's expenses in the amount of up to 1 million US
dollars per year and increased the efficiency of the Directorate's work.

Successful and quick preparation of enterprises for the transition to incentive tariff formation (RAB).

According to the results of 2016-17, DTEK Distribution fulfilled key performance indicators: EBITDA, FCF,
operating cycle...

June 2014 — JSC DTEK Dniprooblenergo
March 2016
Finance director
JSC "DTEK Dniprooblenergo" is the largest electricity distribution and supply company in Ukraine. The
Totally at DTEK 3 number of employees was 7,000 people, the annual turnover was about USD 1.5 billion, the number of
years 10 months
employees of the Finance Directorate is 150 people.
 Responsibilities:
Control over accounting and financial reporting according to IFRS, tax planning, management reporting,
planning and forecasting: cash flows, P&L, payment calendar, optimization of cash flows and tax burden.
Implementation and post implementation control of the investment policy. I was deputy head of the
Investment, Budget and Working Capital Committees. Successful completion of an international audit
(PWC - the Big Four), interaction with the NEURC.

Accomplishments:
I optimized successfully the staff of the Directorate of Finance, as well as reducing other operating
expenses that did not lead to added value, which led to direct savings in the amount of about 10 million
US dollars per year without harming the business, worsening the effectiveness of the Directorate's work
and the social climate.

Successful implementation of a new SAP module. Solving tax problems with direct savings of about USD
2 million.

According to the results of 2014-2015, Dniprooblenergo fulfilled key performance indicators: EBITDA,
FCF, operating cycle...

June 2008 — ISTIL Group – international multiproduct group of companies
June 2014
6 years Finance director in groups of the Holding
My main tasks were crisis management of businesses included the Holding, increasing their market value
and investment attractiveness, structuring and restructuring.

December 2011 - June 2014 "Istil Studios" group - production of television programs for the leading TV
channels of Ukraine (Ukraine, Novy Kanal, ICTV, 1+1, Inter), production of films and series (the latest
series "SBU. Special Operation" for the Inter channel), provision of technical services for television
filming. The subgroup consisted of 5 legal entities with 200 employees, an annual turnover of USD 30
million, control over Accounting department, the Financial controller and a lawyer.

January 2010 - December 2011 Aleana Group - production of mass consumer goods made of plastic
(FMCG production), carried out operations on the import of raw materials and equipment and on the
export of finished products. The group consisted of 10 legal entities (Ukrainian and foreign), the number
of employees was 600 people, the annual turnover was more than 100 million US dollars, subordinates
are the Financial department, the Department of economics and analysis and the Accounting department.

August 2009 – March 2010 "Poverkhnost" Group - production of television channels (Sport 1, Sport 2,
Sport 3, Sport 4...), production of television programs, rights to show the Champions League, Europe
League..., cooperation with the world's leading providers of television content ( HBO, UEFA, Eurosport),
satellite television services, technical filming services. The group consisted of 8 legal entities (Ukrainian
and foreign), the number of employees was 500 people, the annual turnover was more than 100 million
USD, subordinated Financial and Economic departments, as well as the Accounting department.

July 2008 - July 2009 LLC "Savik Shuster Studios" - production of television programs. The number of
employees is 150 people, the annual turnover is 30 million USD (start-up), 5 subordinates.

Responsibilities:

Budgeting and control of cash flows, preparation of management accounting and reporting according to
international standards, consolidation of reporting, implementation and control of investment policy,
financial and economic analysis of activities, international audit, attraction of large bank financing,
international trading, participation in M&A agreements.
 Accomplishments:
2 successful start-ups, successful cooperation with the EBRD (loan in the amount of 15 million euros),
which led to savings on interest on the loan in the amount of 200 thousand euros per year compared to
the lowest rates in Ukraine, successful international audits of financial statements.

September 2000 — CJSC SPF "Ukrspetsmontazhproekt"
October 2001
1 year 2 months An economist

June 1998 — CYHSS «Avangard»
August 2000
2 years 3 month An economist

Education
Full high
2000 year of graduation National University of Life and Environmental Sciences of Ukraine, Kyiv
City (Former National Agrarian University)
Faculty of Economics, Finance department, full-time study, diploma with honors

Additional education
2019 ACCA full qualification, affiliated member of ACCA

2009 ACCA DipIFR (Diploma in International Financial Reporting)
ACCA, Glasgow, UK, Diploma in International Financial Reporting

2008 CIPA (Certified International Professional Accountant)
USAID, CIPAEN, Certified International Professional Accountant

Languages knowledge
Ukrainian — native
English — C2 — fluent

Additional info
In 2016, I entered the TOP 5 in the rating of the 100 best Financial Directors of Ukraine according to
the version of the periodical "Dilo.ua" https://delo.ua/rates/rating-financial-managers/

I specialize in increasing business market value, have experience in M&A deals, optimization of business
processes based on Lean methods. I have experience in cooperation with international financial
organizations (EBRD, EIB, World Bank, IMF), CMU, Ministries, NEURC. I have deep professional
knowledge of IFRS, International standards on auditing, development, implementation and control of
budgeting, management accounting and reporting systems, tax planning, financial and economic
analysis, development, implementation and control of investment policy, extensive experience in
attracting bank loans, extensive experience in various inspections by regulatory bodies, extensive
experience in International financial reporting audits (mostly by Big Four companies), experience in
implementing information systems, including SAP S/4 HANA.