#1TMK IR PRESENTATION TMK August 2020#2Contents TMK I. COMPANY OVERVIEW II. TMK RUSSIAN DIVISION: MARKET OVERVIEW 29 IV. V. III. TMK EUROPEAN DIVISION: MARKET OVERVIEW STRATEGIC OVERVIEW ENVIRONMENTAL, SOCIAL & GOVERNANCE 17 21 24 VI. SUMMARY FINANCIAL RESULTS 27 VII. APPENDIX SUMMARY FINANCIAL ACCOUNTS 37 VIII. APPENDIX – TMK PRODUCTS 42 TMK 1#3TMK Company Overview TMK 2#4TMK- Global Supplier of Full Range of Pipes for Oil and Gas Industry One of the largest steel pipe producers globally TMK sales by region(a) (12M 2019, revenue) TMK sales by product(a) (12M 2019, in tonnes) TMK USA 2 sales offices MANAGEMENT O PRODUCTION SALES OIL AND GAS SERVICES RESEARCH & DEVELOPMENT Russia segment CIS; 8% ME, Asia and Africa; 2% (Russia & Kazakhstan): 12 production facilities Pipe production capacity: 4,591kt p.a. 2 R&D centres Europe; 10% Industrial pipe; 21% Americas; 22% Russia; 58% Russia Key financial indicators (a) Oil & Gas = 79% OCTG; 46% Line pipe; 20% LD pipe; 12% Kazakhstan US$ mln RUB mln Europe segment (Romania): 2 production facilities 2017 2018 2019 2018 2019 Revenue 4,394 5,099 4,767 319,399 308,378 • Pipe production capacity: 220Kt p.a. Adj. EBITDA (b) 605 700 688 44,052 Margin (%) 14% 14% 14% 14% 44,138 14% Operating FCF(c) 372 427 469 26,877 29,955 Key operating indicators(a) 2017 2018 2019 Pipe sales (kt) 3,784 3,989 3,828 Net Profit (Loss) Net Debt 30 (0) 66 2,142 3,946 2,688 2,437 2,503 169,233 151,718 Source: TMK data Notes: (a) annual results include IPSCO (discontinued operations). For detailed breakdown of key financial metrics for continued and discontinued operations please refer to Appendix and TMK financial statements (b) Adjusted EBITDA for PAO TMK represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items (c) Operating FCF calculated as Adjusted EBITDA less CAPEX TMK 3#5IPSCO Sale Key highlights of the Transaction 22 Mar 2019 Stock Purchase Agreement signed with Tenaris US$1,209m agreed aggregate cash-free, debt-free price 18 Dec 2019 The U.S. Department of justice approved Tenaris's acquisition of IPSCO from TMK 2 Jan 2020 Transaction successfully closed The Americas segment key operating and financial indicators (a) TMK (US$m) 2016 2017 2018 2019 Pipe sales (kt) 282 673 804 520 Revenue 368 989 1,349 889 Adj. EBITDA (b) (72) 114 164 30 Margin (%) neg. 11.5% 12.1% 3.3% Transaction benefits for TMK ออ Source: TMK data In line with the strategy of international assets' monetization Allows to reduce leverage and focus on the key markets: Russia and Europe Retaining TMK's position as one of the leading pipe producers globally even post-IPSCO sale Contributes to higher stability of cash flows and margins due to reduced exposure to the U.S. market Maintaining TMK's shipments to the North American market due to signing the master distribution agreement with Tenaris, allowing TMK to sell its OCTG and line pipe products to the USA and Canada market for the next 6 years Transaction benefits for TMK The consideration received by TMK, following contractual adjustments, amounted to $1,067 million (as estimates as of the closing date) The majority of the proceeds received by TMK from the sale of IPSCO were used to repay TMK's indebtedness within 60 days from the date when such proceeds were received TMK continues focusing on deleveraging, aiming to achieve a long- term target Net Debt to Adjusted EBITDA ratio of 2.5x or lower Notes: (a) The Americas segment financial information disclosed in the IFRS statements mostly consisted of IPSCO's results (b) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items TMK 4#6TMK TMK Today - Key Investment Highlights 1 2 TMK Source: Company data 5 4 Notes: (a) Company estimates for FY 2019 TMK 3 Industry-leading market position and large modern asset base Dominant #1 player in Russian pipe market State-of-the-art production base with major investments completed over 10 years in 2004-14 Established longstanding relationships with major oil & gas upstream and midstream players Attractive market fundamentals in Russia Russia - large low-cost oil producing region; a major market with robust drilling activity in 2017-2019 - TMK dominant player in Russian oil & gas with 32% (a) market share for pipes used in the oil and gas industry, 63% (a) market share in seamless OCTG Low-cost position and stability of margins underpinned by significant vertical integration High degree of vertical integration in the seamless business due to in-house steel production Ability to pass through costs of steel products - demonstrated by stable margins throughout the cycle Substantial improvement in the global competitive positioning on the back of Ruble devaluation Consistent focus on de-leveraging TMK adheres to prudent and disciplined cost management, which translates into higher margins; disciplined capex Strong deleveraging post IPSCO sale Superior governance practices and uniquely stable and experienced management team Experienced management team 5 Independent Directors on the Board; The Board of Directors Committees chaired by independent directors 5#7TMK - Superior Earnings Resilience Through the Cycle Competitor 1 TMK TMK Competitor 2 3,871 3,784 3,989 3,828 3,458 1,461 1,113 1,246 1,177 2,633 3,571 2,618 877 1,046 3,271 671 2,364 Total 2,256 2,291 1,404 605 pipes sales 1,990 355 461 1,389 1,411 1,281 volume(a) 2,410 2,412 2,671 2,743 2,651 355 2,694 2,600 2,028 2,157 278 872 1,635 (ths. tonnes) 1,049 1,111 T 2015 2016 2017 2018 2019 1H20 2015 2016 ■ Seamless = Welded 2017 ■ Seamless 2018 2019 1H20 2015 2016 2017 2018 2019 1H20 Welded ■ Total sales Adjusted 16% 16% 14% 14% 14% 15% 18% 18% 20% 19% 14% 11% 8% EBITDA 7% margin(a,b), % 3.8% 0.1% 2015 2016 2017 2018 2019 1H20 2015 2016 2017 2018 2019 1H20 (2%) (7%) 2015 2016 2017 2018 2019 1H20 Cash conversion(a,c) 77% 74% 68% 67% 61% 68% 70% 61% 66% 54% 43% 41% n.m. 7% 0% n.m. n.m. 2015 2016 2017 2018 2019 1H20 2015 2016 2017 2018 2019 1H20 2015 (32%) 2016 2017 2018 2019 1H20 Source: Companies' public reporting Note: Competitor 1, Competitor 2 are top three global pipe producers (a) TMK results include TMK-IPSCO up to 2019 TMK (b) Adjusted EBITDA for TMK represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items (c) Calculated as (Adjusted EBITDA - Capex) / Adjusted EBITDA 6#8Vertically Integrated Model Ensuring Margin Resilience TMK Deeper integration provides better resilience in margins Production chain Scrap Hot Briquetted Iron (HBI) Scrap Seamless products Own production perimeter 26% 25% 24% 28% 24% 25% 26% 23% Share in 1H 2020 Gross profit 320 303 268 255 242 226 208 206 95% Electric Arc Furnace Billets Pipe making facilities 2014 2015 2016 2017 2018 2019 1Q20 2Q20 - Scrap (FOB Black Sea), average purchase price (US$/t) Gross profit margin of seamless segment, % Welded products 12% 13% 10% 8% 8% 8% 5% 4% Steel coil Coking coal External Steel Making/ Flat Rolling 531 551 347 387 500 460 474 377 Pipe making facilities Steel plate Own production perimeter 2014 2015 2016 2017 2018 2019 1Q20 2Q20 -Hot Rolled Coil (FOB Black Sea), average purchase price (US$/t) Gross profit margin of welded segment, % Source: Metal Expert, Bloomberg Iron ore 1 2 3 4 One of the lowest cost + regions for steel production Vertically integrated seamless pipe production + Longstanding relationship with major scrap, HBI and steel suppliers + Ability to pass costs onto consumers under long-term contracts with a pricing formula = TMK ■ Seamless ■ Welded Share in 1H 2020 Gross profit 4% ■ Welded ■ Seamless Ability to maintain resilient margin irrespective of steel price cycle 7#9Strong Position in Multiple End-Markets for Pipes Beyond Oil & Gas Civil Construction TMK Automotive RENAULT TOYOTA ■ TMK-ARTROM is qualified as an authorised supplier for such companies as Dacia (a subsidiary of Renault) Supplier for Toyota TMK Energy and Chemicals Galvanised pipe for the outer steel frame of the Otkritie Arena stadium in Moscow Impact resistant seamless pipe shipped for the construction of Zenit Arena stadium retractable roof in St Petersburg ■ Structural steel pipe for the stadium roof in Samara Diversified Hi-Tech Solutions Pipe shipments to energy and petrochemical businesses ■ TMK-INOX stainless pipe of 8-114 mm diameter, used in nuclear, aircraft, automotive, aerospace and energy industries 00 8#10TMK TMK Russian Division: Market Overview TMK 6#11Oil Production Trends in Russia Create Long-term Demand for High- End Oil & Field Services Supported by increasing development of greenfields and hard-to-recover reserves -CAGR'19-25(a): +15.6% TMK Russian total oil output 11.5 11.0 MMbpd 10.5 10.0 9.5 9.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 -2019 2020 Source: Interfax, Info TEK OCTG demand is relatively stable supported by existing level of production and development of greenfields... Meters (mln) 50 3.0 40 40 2.3 2.3 2.4 2.3 2.4 2.5 2.2 2.0 2.0 1.9 30 1.8 2.0 1.7 1.6 1.5 20 20 10 2010 2012 2014 2016 2018 2020F 1.5 1.0 2022F OCTG demand (RHS) Meters drilled for oil & gas (LHS) Source: Interfax, Info TEK, Spears & Associates, DPO, TMK estimates TMK Tonnes (mln) (% of total oil production) 22% 16% 14% 14% 11% 11% 8% 8% 8% 9% 8% 8% 8% 9% 9% 6% 4% 1% 2017 2018 2019F 2020F ■Greenfield production 2021F 2022F 2023F 2024F 2025F ■Hard to recover reserves production Source: RPI Note: (a) corresponds to greenfield and hard-to-reserve production CAGR '19-25 OCTG premium products demand is supported by high share of horizontal drilling Russian drilling, kmpd 80 68 68 60 km/d 76 76 75 73 70% 60 50 57 54 49 44 53 53 60 60% 50% 53% 51% 40 40 48% 40% 41% 30% 36% 33% 20 30% 20% 20 21% 10% 12% 14% 0 0% 2011 2012 2013 2014 (a) Total drilling 2015 2016 2017 2018 2019 1H20 --% of horizontal drilling (RHS) Note: (a) development drilling for oil 10#12Attractive Portfolio of Premium OCTG Projects Arcticgas ⚫ 2018-2022 • OCTG with premium connections Yamal LNG • 2014-2023 ⚫ OCTG, including pipes with premium connections and line pipes Messoyakhskoye field • 2016-2020 ⚫ OCTG, including pipes with premium connections, line pipes and LDP • Vankorskoye cluster fields 2008-2023 OCTG, including pipes with premium connections, GreenWell technology, line pipes and LDP TMK Prirazlomnoye field • 2013-2023 • OCTG with premium connections and GreenWell technology Caspian offshore projects • 2010-2020 OCTG with premium connections and LDP LUK LUKOIL Note: Offshore projects Onshore projects Source: TMK data TMK GAZPROM NEFT NOVATEK TOTAL SilkRoadFund 路基金 GAZPROM NEFT ROSNEFT CNPC NOVATEK ROSNEFT GGAZPROM GGAZPROM SGAZPROM SAKHALIN САХАЛИН • Sakhalin-1 2017-2022 OCTG with premium connections • Sakhalin-2 2017-2022 •OCTG with premium connections Russkoe field • 2016-2020 • OCTG with premium connections including vacuum insulated tubing (VIT) Kovyktinskoye field • 2016-2025 ⚫ OCTG, including pipes with premium connections Chayandinskoye field • 2016-2025 ⚫ OCTG, including pipes with premium connections Yuzhno-Kirinskoye field ⚫ 2017-2023 • OCTG with premium connections 11#13TMK's Home Market is One of the Lowest Cost Oil Producing Regions Global oil production supply curve Coal to Liquid Gas to Liquid Asia DW(3) Permian tight TMK Breakeven price (U.S.$/Boe)(1) 125 Low-cost supply completely in the money at current Brent price 100 75 50 50 Brent Jan-Jul 2020 average price 25 Russia, OPEC, Middle East and Africa Caspian region* 0 20 40 Production (MBD) Aus. and Pacific America (Non- OPEC) Asia -cony-- 60 60 NA conv. Bakken EOR(2) Eagle Ford Europe VZ extra heavy NA DW(3) Africa Offshore Canadian Oil Sands Arctic Brent Crude 2020 Year low 80 SA DW(3) (primarily Brazil) Even with oil at 2020 Year lows, the low cost Russian and Caspian region is able to remain profitable unlike the majority of its international counterparts. Source: IEA World Energy Outlook (2016); EIA International Energy Outlook (2016); EIA Annual Energy Outlook (2016); Morgan Stanley (2016), Bloomberg (as of 27 Jan 2020) Notes: (1) Breakeven price assumes a 10% return, and NPV of zero; *includes Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan; (2) Enhanced oil recovery; (3) Deep Water TMK 12#140 1 2004 Source: TMK estimates TMK 2 2005 3 2006 4 mln tonnes 5 2007 2008 7 2009 8 9 2010 10 11 12 Russian Tube and Pipe Market 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F 2021F 2022F Energy Non-Energy No.1 on the Russian tube and pipe market 1H 2020 TMK 23% 33% market share of energy pipe demand 1H 2020 Source: TMK estimates, based on 1H 2020 numbers TMK 33% 13 TMK#15TMK share of seamless OCTG Seamless OCTG market share, % Strong Position on the Domestic Market 25% 9% 66% ■ TMK Import ■ Other local producers TMK share of premium connections Premium connections market share, % TMK 81% Min meters Source: TMK estimates, based on 1H 2020 numbers Source: Spears & Associates TMK 50 10 Development of conventional and unconventional reserves will require the use of non-conventional drilling techniques and reliable OCTG products Russian seamless OCTG market was stable in 2019 ■ TMK is a leader in the seamless OCTG production on the Russian market with a more than 60% market share for 12M 2019 and 1H 2020 Stable drilling activity in Russia 30 25 20 15 14.4 16.5 18.7 20.5 Annual development drilling volume 22.2 20.8 22.0 24.9 27.6 Total new wells drilled (rhs) 27.6 27.3 10,000 8,000 6,000 4,000 2,000 14 Units TMK#16TMK LDP Demand in Russia LDP demand in Russia, 2012-2023E Booming market '000 tonnes 3,500 15% 3,000 2,500 20% 20% 2,000 26% 25% 26% 30% 30% 1,500 31% 30% 15% 11% 30% 34% 35% 10% 20% 1,000 14% 65% 41% 26% 12% 12% 12% 54% 59% 64% 11% 60% 500 54% 58% 50% 44% 54% 53% 46% 0 2012 2013 2014 2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F ■ Gazprom Transneft ■ Others Source: TMK estimates LDP demand in Russia is driven by nation-wide O&G projects and maintenance of the existing O&G infrastructure, with current total length of Gazprom and Transneft current pipeline network exceeding 225 thousand kilometers Going forward, LDP demand in Russia is expected to be strongly supported by growing needs of Gazprom on the back of potential new projects, such as: Power of Siberia-2, Bovanenkovo-Ukhta 3, Ukhta-Torzhok 3, etc. TMK is well-positioned to participate in these projects due to efficient production costs, high-quality product offering and well-established relationship with the major customers in the Russian LDP market 15 TMK#17Strategic Cooperation Supporting Growth TMK Partnership Memorandum Scientific and Technological Cooperation Technology Partnership Program TMK Strategic cooperation with key customers Long-term agreements with key customers to develop and supply innovative premium products with related services will strengthen TMK's position Import substitution programs guarantee purchase of tubular products and related services TMK's innovative products are able to considerably improve the energy efficiency of wells, as well as safety and environmental impact 16#18TMK TMK European Division: Market Overview TMK 17#19Well Established European Steel Platform With a Strong and Resilient Business Model VERTICALLY INTEGRATED → Steel and seamless steel pipes platform integrated upstream with a modern mini-mill and downstream with three trading entities well positioned to serve clients in two of the largest markets worldwide, Europe (including North Africa) and the Americas WELL LOCATED Fair geographical location and efficient plant-to-plant and plant-to-port interconnections in Romania complemented by trade defense measures for EU producers A mix of advantages making TMK- COST-COMPETITIVE Artrom S.A. a cost-competitive production platform availability of scrap metal in the proximity of production facilities, a key raw material in production, and TMK Resita Orsova Port Drobeta Turnu Severin Port US 300 km 435 km 175 km 160 km TMK Artrom Danube River Danube River Bucharest TMK Production Units Trading Entities Black Sea Constanta Port TMK - lower than EU average salaries costs DIFFERENT Focused on midmarket clients, with the whole operation designed to be highly flexible in order to address this client type: volumes per charge of steel of 100 tons and orders as small as 5 tons with just-in-time delivery, plus tailor-made products and prompt post-sale services, including site visits Texas Germany Italy 18#20Diversified And Attractive Global Customer Base TMK Core countries Others TMK TMK-ARTROM sales by region in 2019 (in terms of value) Europe 85% Americas 15% 14% Romania (a) Americas includes also Canada, Brazil, US, Mexico (b) Europe includes also Middle East, Turkey and North Africa ✓ 45 countries with a focus on Europe and the Americas ✓ Almost 400 permanently active clients ✓ Largest client <10% of sales (top 10 clients <25%) Number of clients in the Americas doubled and the share of pipe sales increased to 15% in 2019 vs. 5% in 2016 due to the launch of a subsidiary (April 2016) 19#21Distinctive Product and Client Portfolio Decoupling the Company from the Global Steel Market Strongly positioned in multiple end-markets for pipes, TMK ...quality oriented and certified for the automotive industry, differentiating the Company from most of its peers beyond oil & gas... In volume terms, 2019 Construction; 14% Automotive; 11% Hydraulic cylinders; 10% Mechanical engineering; 30% Oil & Gas; 12%. Energy; 23% Increasing focus on product premiumisation by expanding heat treatment, cold processing and machining... '000 tonnes 25 14 24 16% 25 11 30 22% 30 8 13 138 138 140 133 Premium pipes volumes grew by 1.5x in the last 4 years 2016 2017 2018 2019 (1) (2) ■Commodities pipes Americas ■Premium pipes Americas ■Commodities pipes Europe Premium pipes Europe Source: Company information, Management accounts (1) Europe also includes Middle East, Turkey and North Africa (2) Americas also includes Canada, Brazil, US, Mexico TMK Up to 11% in the sales mix in 2019 Ability to satisfy one of the most demanding industries in terms of product quality ■ Projects co-developed with and pipes supplied to major car manufacturers including some of the most prestigious luxury brands ...and by providing niche and tailor-made customer solutions to a market with growing sophistication Limited editions under tight deadlines: ability to supply small orders (ca. 1/100 compared to industrial commodity pipes) to car manufacturers under tight just-in-time delivery terms (even down to a minimum of 10 days) ▪ Rare products for the European market: customized heat treated tubes, including quenched and tempered long tubes with wall thickness up to 60mm ■ Precision products for highly specialized uses: produced in microns tolerances, a dozen times higher level than industrial commodity pipes; these tubes are ready for use without other machining in hydraulic cylinders and accumulator manufacturing 20#22TMK Strategic Overview TMK 21 21#23Key Strategic Pillars TMK Enhance leadership in key segments and enter new product niches Optimise vertical integration Enhance the sales platform and leverage TMK's global scale Focus on innovation and digitalisation Enhance operational excellence Strengthen financial performance and investment appeal Dominate the Russian OCTG and line pipe markets Increase the share of high-tech products in the Russian division's revenue to 50% by 2022 and maintain a leading position in the Russian market for premium connections Increase capacity utilization of steelmaking facilities through higher production volumes of steel billets and other products, and maximize the financial impact Expand presence in further processing of tubular products (drill pipe, coating) Develop a service offering of ready-to use comprehensive engineering solutions for customers Expand commercial footprint of TMK's products and services Develop strategic partnerships with major customers and global consumers Focus on offering products that have a global market and stable demand outlook, i.e. high-tech seamless pipes and premium connections Develop e-commerce across all divisions via eTrade, the first tubular goods Internet shop in Russia Use cutting-edge digital technology to improve product quality and cut costs Foster a culture of continuous operational improvements and production cost cutting Ensure consistent product quality through increasing the sustainability of technologies and personnel qualification Maximize operating cash flow Monetize international assets, strategic alliances and joint ventures in all regions of presence Further leverage reduction TMK 22 222#24US$ mln Debt Maturity Profile as at June 30, 2020 800 ■ EUR 700 ■RUB 600 ■ USD 500 400 335 316 32 300 206 200 169 272 152 147 295 100 132 140 185 161 770 752 500 500 32 44 20 18 0 . 3Q 4Q 1Q 2Q 3Q 4Q 2020 2021 2022 2023 2024 2025 2026 2027 TMK ■ Net debt amounted to RUB 103.1 billion ($1.473 billion*) as at June 30, 2020 The weighted average nominal interest rate reduced by 49 bps compared to the end of 2019 to 6.45% as at the end of 2Q 2020 Credit Ratings: ✓ S&P BB-, Negative Moody's B1, Positive Debt currency structure EUR 6% USD 21% Source: TMK management accounts (figures based on non-IFRS measures), TMK estimates Note: Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. * At the rate of the Central Bank of Russia as at June 30, 2020 (USD/RUB = 69.9513) TMK RUB 74% 23#25TMK Environmental, Social & Governance MSCI ESG RATINGS CCC BB B BB BBB A AA AAA In 2019 TMK received an MSCI ESG Rating* of BB Note: (*) disclaimer link: https://www.msci.com/documents/1296102/15233886/How-to-Reference-an- MSCI-ESG-Rating-Final.pdf/c2ca92cb-1783-ae6e-d351-f9920c18b79b?t=1564729359833 ISS | Governance..... 2 (as of September 1st, 2020) Lower governance risk = 1; Higher governance risk = 10 TMK 24#26Corporate Governance Composition of The Board of Directors Dmitry Pumpyanskiy Chairman Non-Executive Director Alexander Shiryaev Executive Director Founder of TMK Member of the Board of Directors since 2002 25+ years of sector experience ■ With TMK since 2003: various senior positions within the Group incl. CEO until 2019 Andrey Kaplunov Executive Director ■ With TMK since 2000: Chairman of the Board of Directors of TMK Russian plants, TMK Trade House Alexander Pumpyanskiy Non-Executive Director ■ Chairman of the Board of Directors of SKB-BANK and Sinara Group Mikhail Khodorovskiy Non-Executive Director Member of the Board of Directors of SKB-BANK, Sinara Transport Machines, Sinara Group Anatoly Chubais Non-Executive Director ■ Chairman of the Board of Rusnano (investment fund focused on nanotechnology) ■ Previously held various senior political positions Directors Independent Directors Structure of The Board of Directors ■5 Independent Directors Sergey Kravchenko 11 ■ 4 Non-Executive Directors Chairman of the Nomination and Remuneration Committee ■ 2 Executive Directors President of Boeing Russia/CIS since 2002 Natalia Chervonenko Chairman of the Audit Committee 20+ years of banking experience ■ Board member of a number of industrial companies and banks Aleksander Shokhin Chairman of the Strategy Committee ■ President of Russian Union of Industrialists and Entrepreneurs Frank-Detlef Wende Independent Director ■ Senior academic positions at MADI and Financial University Previously Counsel to President of AvtoVAZ Yaroslav Kuzminov Independent Director ■ Rector of National Research University "Higher School of Economics" Chairman of Board Committee Board committees The Board of Directors has three standing committees chaired by independent directors Nomination and Remuneration Committee TopCompetence Audit Committee Strategy Committee Indicates independent director Corporate governance ratings TMK ranks in the Top-20 companies in Russia with the best disclosure of corporate governance information, according to the annual survey "National Corporate Governance Index" in 2018 Capital structure as of August 14, 2020 Free float 12.51% O TMK subsidiaries 22.44% TMK TMK Steel Holding Ltd, incl. affiliates (UBO Pumpyanskiy) 65.06%* Mr. Dmitry * The beneficiary is Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK. Includes shares owned by TMK Steel Holding Ltd and subsidiaries of TMK ■ Total shares 1,033,135,366 outstanding amount to ■ TMK's securities are listed on the Moscow Exchange and the London Stock Exchange On 18 May 2020, TMK received a voluntary tender offer made by Volzhsky Pipe Plant, a wholly-owned subsidiary of TMK, to purchase ordinary shares of TMK. The voluntary tender offer was open for acceptance from 19 May until 27 July 2020, and was completed on 13 August 2020. As a result, VTZ acquired 229,958,764 ordinary shares of TMK, which constitutes approximately 22.3% of total outstanding shares of the Company. ■ As of August 14, 2020, 12.51% of TMK ordinary shares were in free float Source: TMK data TMK 25#27Health, Safety and Environmental Protection as a Foundation for Business Stability Environmental management TMK in 2019 adopted a new Environmental policy >20 CAPEX projects in 2019 Key areas: water basin protection, air protection and soil protection Environmental expenditures (US$m) 37 40 37 Water and Waste management key results in 2019: 4% YoY of total water consumption *3% YoY of wastewater discharge to natural water bodies 95.7% of water recycled and reused by the Russian Division *9% YoY of waste generation Health & Safety Annual Steel Safety Day Over 40k employees participated 100% of production sites took part in Steel Safety Day 2019 Injury frequency rate(a) 1.52x 1.37x 0.92x 2017 2018 2019 TMK 2017 2018 2019 th tonnes Total pollutant emissions 4% YoY pollutant emission in 2019 11.1 11.0 10.5 2017 2018 2019 Greenhouse Gas Emissions Improved GHG data disclosure in 2019 1.296 mn tonnes Direct GHG emissions of CO2 equivalent in 2019 4% YoY reduction of total tonnes of GHG emissions due to optimizing operations and improving process solutions Number of accidents 31% down In 2019 Zero fatalities In 2018 and 2019 US$10.6m +10% YoY Invested in safe working environment measures in Russian and European divisions in 2019 Focus on best practices B All certified TMK facilities confirmed compliance with OHSAS 18001 Preparations for and participation in the Russia Health and Safety Week and Safety and Labor Protection (BIOT) international specialized exhibition Comprehensive charity program Supporting favourable social climate in the regions of operations Source: TMK data Notes: (a) Number of people injured over a year for each 1 million hours worked TMK 26#28TMK Summary Financial Results TMK 27 22#29TMK RUB bn FY Consolidated Results Snapshot (RUB) Revenue 350 300 RUB bn 250 200 319 150 308 250 256 223 100 50 0 2015 2016 2017 2018 2019 Adjusted EBITDA(b) 40 5220 50 16% 18% 15% 14% 14% 14% 15% 12% 30 9% 44.1 44.1 20 37.8 35.0 35.0 6% 10 10 3% 0 0% 2015 2016 2017 2018 2019 ◆ Adjusted EBITDA margin, % Adj. EBITDA margin, % Volumes and realised prices Average 60.66 66.90 58.35 62.71 USD/RUB rate (a) 64.62 Average 65 65 67 81 83 revenue per tonne, th RUB 34 23 24 29 28 5,000 Thousand tonnes 3,871 3,784 3,989 3,828 4,000 3,458 3,000 1,461 1,113 1,246 1,177 1,046 2,000 1,000 2,410 2,412 2,671 2,743 2,651 0 2015 2016 2017 2018 2019 ■Seamless ■Welded Net profit 220 20 10.7 10 1.5 2.1 3.9 0 RUB bn (10) (20) (30) (28,4) (40) 2015 2016 2017 2018 2019 Source: TMK data including IPSCO results Note: (a) Average nominal USD/RUB exchange rate as published by the Central Bank of Russia. (b) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items 28 TMK#30FY Consolidated Results Snapshot (USD) Revenue 6,000 սլա $ՏՈ 5,000 4,000 3,000 5,099 4,767 2,000 4,127 4,394 3,338 1,000 0 2015 2016 2017 2018 2019 Adjusted EBITDA(b) US$ mln 16% 16% 18% 800 14% 14% 14% 700 15% 600 12% 500 9% 400 700 688 300 651 605 6% 530 200 3% 100 0 0% 2015 2016 2017 2018 2019 ◆ Adjusted EBITDA margin, % Source: TMK data including IPSCO results Note: (a) Average nominal USD/RUB exchange rate as published by the Central Bank of Russia. TMK Adj. EBITDA margin, % Volumes and realised prices Average USD/RUB rate (a) 60.66 66.90 58.35 62.71 Average revenue/tonne US$1,078 US$921 US$970 US$796 US$1,152 US$976 US$1,294 US$1,021 64.62 US$1,288 US$981 5,000 Thousand tonnes 3,784 3,989 3,828 4,000 3,871 3,458 3,000 1,461 1,113 1,246 1,177 1,046 2,000 1,000 2,410 2,412 2,671 2,743 2,651 0 2015 2016 2017 2018 2019 ■Seamless ■Welded Net profit 200 100 166 US$ mln (100) 30 50 -0.2 60 66 (200) (300) (400) (368) 2015 2016 2017 2018 2019 TMK (b) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items 29#31Gross Margin, SG&A and Cash Conversion Gross margin % 30% 25% 26% 25% 24% 23% 20% 13% 10% 8% 10% GLÅLL 5% 8% 0% 2015 2016 2017 2018 2019 Seamless Welded Capex and cash conversion (b) RUB bn 68% 67% 68% 20 20 61% 61% 15 10 60% 40% 17.2 13.7 14.2 12.7 11.5 20% 5 0 0% 2015 2016 2017 2018 2019 Cash Conversion, % SG&A and corporate overheads(a) 40 40 RUB bn 30 31.9 20 20 10 35.7 31.7 32.4 29.3 0 2015 2016 2017 2018 2019 Key considerations Seamless segment accounting for approx. 90% of consolidated gross profit and demonstrates consistently superior margins High level of vertical integration provides better control over costs and allows to maintain resilience in margins Significantly optimized lean cost structure due to stringent efficiency measures TMK Source: TMK data including IPSCO results Note: (a) Based on IFRS financial statements. Calculated as Gross Profit less Operating profit (b) Calculated as (Adjusted EBITDA - Capex) / Adjusted EBITDA. Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of profit)/loss of associates and other non-cash, non-recurring and unusual items 30 TMK#32Gross Margin, SG&A and Cash Conversion Gross margin % 30% 25% 26% 25% 24% 23% 20% 13% 10% 8% 10% GLALL 5% 8% 0% 2015 2016 2017 2018 2019 Seamless Welded Capex and cash conversion (b) սլա $ՏՈ 68% 68% 67% 300 65% 70% 61% 61% 200 50% 293 273 236 219 100 208 30% 175 0 10% 2014 2015 2016 2017 2018 2019 Cash Conversion, % SG&A and corporate overheads (a) սլա $ՏՈ 800 600 544 552 524 518 437 400 200 0 2015 2016 2017 2018 2019 Key considerations TMK Seamless segment accounting for approx. 90% of consolidated gross profit and demonstrates consistently superior margins High level of vertical integration provides better control over costs and allows to maintain resilience in margins Significantly optimized lean cost structure due to stringent efficiency measures 31 Source: TMK data including IPSCO results Note: (a) Based on IFRS financial statements. Calculated as Gross Profit less Operating profit (b) Calculated as (Adjusted EBITDA - Capex) / Adjusted EBITDA. Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of profit)/loss of associates and other non-cash, non-recurring and unusual items TMK#33Semi-annual Segmental Performance excluding IPSCO (in RUB) Russian division European division Sales volume (ths. tonnes) 1,435 1,490 1,553 1,590 1,529 1,432 1,320 93 92 100 100 99 88 84 TMK 1H17 2H17 1H18 2H18 1H19 2H19 1H20 1H17 2H17 1H18 2H18 1H19 2H19 1H20 21.1 19.6 16.9 15.2 15.3 Adjusted 13.5 13.3 EBITDA(a), RUB bn 1.5 1.7 1.0 1.1 0.6 0.4 0,3 1H17 2H17 1H18 2H18 1H19 2H19 1H20 1H17 2H17 1H18 2H18 1H19 2H19 1H20 Adjusted EBITDA margin(a), % Source: TMK data Note: TMK 18% 16% 16% 15% 14% 14% 14% 1H17 2H17 1H18 2H18 1H19 2H19 1H20 17% 17% 14% 12% 10% 6% 4% 1H17 2H17 1H18 2H18 1H19 2H19 1H20 (a) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual item 32#34Segmental Quarterly Performance Dynamics including IPSCO (in USD) European division TMK Sales volume (ths. tonnes) Adjusted EBITDA(a), US$ mln Adjusted EBITDA margin(a), % Russian division American division (discontinued in 1Q 20) 833 812 734 740 687 745 757 763 766 199 199 210 190 205 168 150 116 86 50 47 53 48 52 51 48 44 44 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 198 166 132 137 135 124 123 111 105 39 49 45 45 26 43 30 21 0 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 (20) 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 21% 13% 14% 14% 13% 15% 17% 16% 16% 13% 14% 13% 12% 10% 9% 8% 0% 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 11 10 16 13 12 884 2 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 19% 14% 14% 17% 16% 13% 12% 8% 4% T 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 (16%) 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Source: TMK data Note: TMK (a) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual item 33#35RUB mln Thousand tonnes 800 600 2Q 2020 vs. 1Q 2020 Summary Financial Highlights Sales declined QoQ, due to lower sales at the Russian division -3% QoQ Revenue increased ૨૦૨, supported by a stronger performance at the European division and stable results at the Russian division 60,000 +2% QoQ TMK 400 714 690 200 0 1Q2020 2Q2020 RUB mln 40,000 55,319 20,000 56,671 Adjusted EBITDA was down QoQ, due to a weaker performance at the Russian division Net profit decreased QoQ, mainly due to the gain on disposal of subsidiaries recorded in 1Q 2020 -3% QoQ 12,000 10,000 18% 16% 15% 15% 8,000 12% 6,000 9% 4,000 8,737 8,449 6% 2,000 3% 0 0% 1Q2020 2Q2020 Source: TMK data TMK EBITDA margin, % RUB mln 1Q2020 2Q2020 25,000 20,000 15,000 10,000 19,628 5,000 600 0 1Q2020 2Q2020 34 34#36TMK RUB mln 1H 2020 vs. 1H 2019 Summary Financial Highlights Sales declined YoY, due to the disposal of the American division and lower sales at the Russian and European divisions Thousand tonnes -30% YoY 2,500 2,000 1,500 1,000 2,009 1,404 500 0 1H2019 1H2020 Revenue declined YoY, due to the disposal of the American division and a weaker performance at the Russian and European divisions RUB mln -33% YoY 200,000 150,000 100,000 167,370 50,000 111,990 Adjusted EBITDA decreased YoY, mainly due to the disposal of the American division and lower EBITDA at the Russian and European divisions Net profit increased YoY, mainly due to the gain on disposal of subsidiaries recorded in 1H 2020 -28% YoY 30,000 25,000 15% 18% 14% 15% 20,000 12% 15,000 9% 24,012 10,000 6% 17,186 5,000 3% 0 0% 1H2019 1H2020 Source: 1H 2019 TMK data including IPSCO results EBITDA margin, % RUB mln 1H2019 3.0x YoY 1H2020 25,000 20,000 15,000 10,000 20 228 5,000 6,676 0 1H2019 1H2020 35 TMK#37WELDED SEAMLESS Seamless - Core to Profitability RUR mln 2Q2020 (unless stated otherwise) QoQI % 1H2020 YOY, % 1H 2020 gross profit breakdown - Sales Pipes, kt 523 0% 1 049 -24% Other operations 1% Revenue Gross profit Margin, % Avg revenue/tonne (US$) 44 277 5% 86 564 -27% Welded 4% 11 306 -6% 23 348 -17% 26% 27% 84 620 5% 82 515 -4% Seamless 95% Avg gross profit/tonne (US$) 21 608 -6% 22 256 9% Sales Pipes, kt Revenue 167 -11% 355 -44% 9 498 -3% 19 312 -55% Gross profit Margin, % Avg revenue/tonne (US$) 357 -48% 1 047 -69% 4% 5% 56 969 9% 54 420 -19% Avg gross profit/tonne (US$) 2 138 -42% 2 950 -44% Sales of seamless pipe generated 77% of total revenues in 1H 2020 Gross profit from seamless pipe sales represented 95% of 1H 2020 total gross profit Gross profit margin from seamless pipe sales amounted to 27% in 1H 2020 Source: Consolidated IFRS financial statements, TMK data Note: Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. TMK 36 TMK#38TMK Appendix - Summary Financial Accounts TMK 37#39Key Consolidated Financial Highlights (RUB mln)(a) (US$mln)(a) 2019 2018 2019 2018 2017 Revenue 308,378 319,399 4,767 5,099 4,394 Adjusted EBITDA (b) 44,138 44,052 688 700 605 Adjusted EBITDA Margin (b) (%) 14% 14% 14% 14% 14% Profit (Loss) 3,946 2,142 66 0 30 Net Profit Margin (%) 1% 1% 1% 0% 1% Pipe Sales ('000 tonnes) 3,828 3,989 3,828 3,989 3,784 Average Net Sales/ tonne (c) 0,081 0,080 1,245 1,278 1,162 Cash Cost per tonne (d) 0,061 0,061 941 981 862 38,008 32,876 598 510 312 Cash Flow from Operating Activities Capital Expenditure(e) 14,183 17,175 219 273 236 Total Debt(f) 182,845 199,180 3,006 2,867 3,239 Net Debt(f) 151,718 169,233 2,503 2,437 2,688 Short-term Debt/Total Debt Net Debt/Adjusted EBITDA Source: TMK Consolidated Financial Statements for 2019, 2018, 2017, 2016, 2015, 2014 and 2013 (a) IFRS financials figures were rounded for the presentation's purposes. Minor differences with FS may arise due to rounding 45% 3.44x 31% 45% 31% 18% 3.84x 3.64x 3.48x 4.4x TMK (b) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets, movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items. (c) Sales include other operations and is calculated as Revenue divided by sales volumes tonnes (d) Cash Cost per Tonne is calculated as Cost of Sales less Depreciation & Amortisation divided by sales volumes (e) Purchase of PP&E investing cash flows (f) Total Debt represents loans and borrowings less interest payable; Net Debt represents Total debt less cash and cash equivalents and short-term financial investments TMK 38#40Income Statement (RUB mln) (US$mln) 2019 2018 2019 2018 2017 Revenue Cost of sales Gross Profit 308,378 319,399 4,767 5,099 4,394 246,736 261,915 (3,807) (4,183) (3,521) 61,642 57,484 959 916 872 Selling and Distribution Expenses (15,372) (14,377) (237) (231) (261) General and Administrative Expenses Advertising and Promotion Expenses Research and Development Expenses (17,849) (15,767) (276) (250) (231) (616) (456) (10) (7) (7) (386) (451) (6) (7) (11) Other Operating Expenses, Net (1,520) (1,417) (23) (22) (34) Foreign Exchange Gain (Loss) 2,098 (4,644) 32 (72) 28 Finance Costs, Net (15,113) (15,081) (218) (232) (268) Other (6,857) (0,287) (124) (50) (10) Income (Loss) before Tax 6,027 5,004 97 45 78 Income Tax (Expense) / Benefit (2,081) (2,862) (32) (45) (48) Net Income / (Loss) 3,949 2,142 66 (0) 30 Source: TMK Consolidated Financial Statements for 2019, 2018, 2017, 2016, 2015, 2014 and 2013 Note: Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. (a) Calculated as Finance income less Finance costs TMK TMK 39#41Statement of Financial Position (RUB mln) (US$mln) 2019 2018 2019 2018 2017 ASSETS Cash and Cash Equivalents 21,899 27,221 354 392 491 Accounts Receivable 65,910 61,005 1,065 878 871 Inventories 56,281 74,074 909 1,066 1,121 Prepayments 9,845 7,028 159 101 139 Other Financial Assets 826 28 28 13 0 Total Current Assets 155,700 170,217 2,515 2,450 2,624 Total Non-current Assets Total Assets 138,692 177,446 2,240 2,554 2,913 352,182 347,663 5,689 5,004 5,537 LIABILITIES AND EQUITY Accounts Payable 51,782 51,655 836 744 950 ST Debt 83,244 62,949 1,345 906 610 Other Liabilities 19,610 24,018 317 345 178 Total Current Liabilities 154,636 138,622 2,498 1,995 1,738 LT Debt 100,625 137,423 1,625 1,978 2,725 Deferred Tax Liability 4,227 6,365 68 92 82 Other Liabilities 27,713 8,456 448 121 59 Total Non-current Liabilities 132,565 152,244 2,141 2,191 Equity 53,595 56,797 Including Non-Controlling Interest 3,048 3,249 866 49 818 2,866 933 47 Total Liabilities and Equity 352,182 347,663 5,689 5,004 50 5,537 Net Debt 151,718 169,233 2,503 2,437 2,688 Source: TMK Consolidated Financial Statements for 2019, 2018, 2017, 2016, 2015, 2014 and 2013 Note: Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. TMK TMK 40 40#42Cash Flow (RUB mln) (US$mln) 2019 2018 2019 2018 2017 Profit (Loss) before Income Tax 6,027 5,004 97 45 78 Adjustments for: Depreciation and Amortisation 13,043 16,473 205 268 263 Net Finance Cost 13,282 16,765 218 232 268 Others 10,487 13,384 145 137 (260) Working Capital Changes (0,203) (8,538) 1 (145) (253) Cash Generated from Operations 42,636 43,088 666 537 349 Income Tax Paid (4,425) (1,674) (69) (27) (38) Net Cash from Operating 38,008 32,876 598 510 312 Activities Capex (14,183) (17,175) (219) (273) (236) Acquisitions 1 Others (9,308) 1,077 (145) 18 Net Cash Used in Investing (23,491) (16,098) (364) (255) (235) Activities Net Change in Borrowings (3,312) (2,040) (50) (46) 318 Others (14,776) (18,666) (217) (305) (197) Note: Net Cash Used in Financing Activities Net Foreign Exchange Difference Cash and Cash Equivalents at Jan 1 Cash and Cash Equivalents at YE Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums (a) Calculated as Finance costs less Finance income Source: TMK Consolidated Financial Statements for 2019, 2018, 2017, 2016, 2015, 2014 and 2013 (18,088) (20,706) (267) (351) 121 (1,526) 2,857 (1) (4) 17 27,221 28,292 392 491 277 22,124 27,221 357 392 491 TMK TMK 41#43TMK Appendix - TMK Products TMK 222 42#44Utilisation of TMK Pipe Products in Oil and Gas Industry Tubing Drill pipe Casing Oil field development Sea platform Large diameter pipe TMK Premium connections Oil settling tank Line pipe Petroleum refinery Oil storage Consumers TMK ■ OCTG - Oil Country Tubular Goods (drilling, casing, tubing) used for oil & gas exploration, well fixing and oil & gas production Line pipe distance - used for short transportation of crude oil, oil products and natural gas ▪ LDP - large diameter pipe used for construction of trunk pipeline systems for long distance transportation of natural gas, crude oil and petroleum products 43 13#45Wide Range of Products and Services TMK OCTG Seamless Threaded pipes for the oil and gas industry including drill pipe, casing and tubing. The short-distance transportation of crude oil, oil products and natural gas. Line Pipe Industrial Automotive, machine building, and power generation sectors. Line Pipe Large-Diameter Industrial Welded Premium Threads TMK The short-distance transportation of crude oil, oil products and natural gas. Construction of trunk pipeline systems for the long distance transportation of natural gas, crude oil and petroleum products. Premium Connections (TMK UP) Premium connections are proprietary value-added products used to connect OCTG pipes and are used in sour, deep well, off- shore, low temperature and other high-pressure applications. Wide array of applications and industries, including utilities and agriculture. Oilfield Services Well equipment precision manufacturing, tools' rental, supervising, inventory management, threading and coating services. B 44#46TMK Premium Product Offering TMK Gas wells Higher pressure Steam-Assisted Gravity Drained (SAGD) Offshore When casing is rotated and pushed into place Oil wells with high gas-oil ratio Solutions for complex projects Kirinskoye Gas and Condensate Field Prirazlomnoye Oil Field TMK Lite Series Higher resistance to torque for casing while drilling and rotating. Classic Series Easy and reliable make-up. Professional Series Ability to withstand high tension, compression and bending loads at excessive internal and external pressure. For complex operations: deviated wells; conductor pipe; SAGD wells. • Yamal LNG, Sakhalin II Special Series Yuzhno-Kirinskoye Gas and Condensate Field Kovyktinskoye gas and condensate field Chayandinskoye oil, gas and condensate field Offshore projects of the Caspian Sea Pipes with premium connections are designed for O&G wells developed in challenging exploration and production conditions, including offshore, deep-sea and Far North locations, as well as for horizontal and directional wells 45#47High-tech OCTG Pipe Decisions for Oil & Gas Industry TMK UP™M CWB TMK UP™M Magna TMK UP™M GF TMK UP™M FMC TMK UP™M FMT TM TMK UP™M PF TMK UP™M PF ET CAL IV CAL IV Onshore and offshore fields High H2S and CO2 concentrations ■ High temperatures Arctic environment ■ Horizontal and directional drilling. Drilling with casing Steam-Assisted Gravity Drainage (SAGD) GREENWELL lubricant-free connections TMK TMK TMK UP™M CENTUM CAL IV 46 40#48TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 [email protected] Learn more About TMK www.tmk-group.ru TMK E-trade www.e-commerce.tmk-group.com Premium connections TMK UP www.tmkup.ru