Investor Presentaiton
Russian Market Overview
Our Goals is to extract even more value from our market leading position
TMK enjoys market leading position in the Russian market of Seamless OCTG
TMK's focus on seamless pipes is reflected in its market shares in Russia
TMK's market shares in the Russian market (%), as of 1H13
60%
50%
40%
30%
59%
54%
20%
33%
28%
10%
21%
10%
0%
Seamless line Seamless OCTG
pipe
pipe
Seamless
industrial pipe
Source: TMK estimates
Welded line pipe Large diameter Welded industrial
pipe
Russian oil majors forecast to increase upstream capex circa 25% in 2014
pipe
U.S.$ bn
40
35
32
31
30
30
27
26
21
24
19
20
20
10
0
2008
2009
■LUKoil ■ Rosneft
2010
Source: Citi equity research
2011
37
34
2012
2013
■TNK-BP
2014
2015
■ Tatneft ■ Bashneft
2016
TOTAL
■Gazprom Neft ■ SurgutNG
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