Investor Presentaiton

Key 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

View entire presentation