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Investor Presentaiton

KTK PRODUCTION GROWTH PROSPECTS Forecast of production volume and stripping ratio dynamics K 16 13.30 14 12 10 mln. tonnes 12.30 10.90 10.95 11.60 11.10 9.30 9.96 10.15 9.30 8.74 8 6.80 6,15 5.48 8.30 10 6 7.80 7.10 7.27 7.40 7.32 6.96 4 6.21 6.21 2 0 2008 2009 2010 2011 2012F 2013F 2014F 2015F 2016F Production Saleable output Average stripping ratio The Company has established a well-developed production, logistics and distribution infrastructure required to sustain production capacity of the existing mining facilities 11 mln. tonnes per year Modern high-performance mining and transportation equipment (Komatsu, P&H and BelAZ); 100% of coal transported to the Russian Railway network by the Company's own railway company (70 km of railroads, 6 railway stations, 12 mln. tonnes p.a. capacity); Own repair and maintenance services and power infrastructure. The intra-year volatility of production and stripping ratio, driven by a seasonality of Russian coal market should become lower with the growth of export volumes. Further expansion of the production will be based on existing facilities, licenses, and infrastructure and will not require significant capital expenditure, other than into additional mining and transportation equipment. 6/22
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