Investor Presentaiton
TMK- Global Supplier of Full Range of Pipes for Oil and Gas Industry
One of the largest steel pipe producers globally
USA
MANAGEMENT
○ PRODUCTION
SALES
OIL AND GAS SERVICES
○ RESEARCH & DEVELOPMENT
•
Russia segment
(Russia & Kazakhstan):
TMK sales by region(a)
(12M 2019, revenue)
CIS, 8%
ME, Asia
and Africa,
2%
Europe,
10%
TMK sales by product(a)
(12M 2019, in tonnes)
Oil & Gas = 79%
TMK
OCTG, 46%
2 sales office
.
Pipe production
12 production facilities
capacity: 4,591 Kt p.a.
2 R&D centres
Russia
Europe segment (Romania):
2 production facilities
Pipe production capacity: 220 Kt p.a.
Key operating indicators(a)
Pipe sales (kt)
Americas
22%
Industrial
pipe, 21%
Russia,
58%
Key financial indicators (a)
Line pipe,
20%
LD pipe,
12%
Kazakhstan
US$m
Rub mln
2017
2018
2019
2018
Revenue
4,394
5,099
4,767
319,399
2019
308,378
Adj. EBITDA (b)
605
700
688
44,052
44,138
Margin (%)
14%
14%
14%
14%
14%
Operating FCF(c)
372
427
469
26,877
29,955
2017
3,784
2018
3,989
2019
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 amortization, 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
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