Investor Presentaiton
Debt Maturity Profile as at March 31, 2020
US$ mln
700
600
615
■ EUR
■ RUB
■ USD
500
On February 12, 2020, TMK completed a
$500 million seven year Eurobond issue with
a coupon of 4.3%. The proceeds were used
to refinance TMK's $500 million Eurobond,
which matured in April 2020.
400
504
300
293
19
260
357
500
TMK
Net debt decreased from RUB 154.9 billion ($2.503 billion) as at
December 31, 2019 to RUB 108.6 billion ($1.396 billion*) as at
March 31, 2020.
■ In January 2020, TMK closed the sale of IPSCO Tubulars Inc. in
line with the Group's strategic objective of reducing the leverage.
The consideration received by TMK amounted to $1.067 billion**.
The bulk of the proceeds from the transaction was used to
reduce Group debt.
-
The weighted average nominal interest rate reduced by 33 bps
compared to the end of 2019 to 6.61% as at the end of 1Q 2020
Credit Ratings:
S&P BB-, Negative
✓ Moody's B1, Positive
Debt currency structure
500
198
200
350
150
152
133 209
133
17 265
100
08
80
120
125
145
113
196
50
11
6
1
30
21
13
×
0
2Q 3Q 4Q
1Q 2Q 3Q
4Q 1Q
2Q
3Q
4Q
2020
2021
2022
2023 2024 2025 2026 2027
RUB 57%
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 March 31, 2020 (USD/RUB = 77.7325)
** Estimated as of the closing date, January 02, 2020
TMK
EUR 6%
USD 37%
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