Investor Presentaiton
TMK
RUB bn
FY Consolidated Results Snapshot (RUB)
Revenue
350
300
RUB bn
250
200
319
150
308
250
256
223
100
50
0
2015
2016
2017
2018
2019
Adjusted EBITDA(b)
40
5220
50
16%
18%
15%
14%
14%
14%
15%
12%
30
9%
44.1
44.1
20
37.8
35.0
35.0
6%
10
10
3%
0
0%
2015
2016
2017
2018
2019
◆ Adjusted EBITDA margin, %
Adj. EBITDA margin, %
Volumes and realised prices
Average
60.66
66.90
58.35
62.71
USD/RUB rate (a)
64.62
Average
65
65
67
81
83
revenue per
tonne, th RUB
34
23
24
29
28
5,000
Thousand tonnes
3,871
3,784
3,989
3,828
4,000
3,458
3,000
1,461
1,113
1,246
1,177
1,046
2,000
1,000
2,410
2,412
2,671
2,743
2,651
0
2015
2016
2017
2018
2019
■Seamless
■Welded
Net profit
220
20
10.7
10
1.5
2.1
3.9
0
RUB bn
(10)
(20)
(30)
(28,4)
(40)
2015
2016
2017
2018
2019
Source: TMK data including IPSCO results
Note:
(a) Average nominal USD/RUB exchange rate as published by the Central Bank of Russia.
(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
28
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