Investor Presentaiton

TMK Statement of Financial Position (US$ min) 2017 2016 2015 2014 2013 ASSETS Cash and Cash Equivalents 491 277 305 253 93 Accounts Receivable 871 689 512 728 995 Inventories Prepayments 1,121 769 785 1,047 1,324 139 107 113 113 148 Other Financial Assets 0 42 0 1 0 Total Current Assets 2,624 1,883 1,715 2,142 2,561 Total Non-current Assets 2,913 2,853 2,697 3,508 4,857 Total Assets 5,537 4,736 4,412 5,649 7,419 LIABILITIES AND EQUITY Accounts Payable 950 735 682 831 1,111 ST Debt 610 268 600 764 398 Other Liabilities 178 48 41 48 62 Total Current Liabilities 1,738 1,051 1,323 1,643 1,571 LT Debt 2,725 2,650 2,201 2,459 3,296 Deferred Tax Liability 82 90 110 206 298 Other Liabilities 59 47 64 71 125 Total Non-current Liabilities 2,866 2,786 2,374 2,735 3,718 Equity 933 899 715 1,271 2,130 Including Non-Controlling Interest 50 55 53 66 96 Total Liabilities and Equity 5,537 Net Debt 2,688 4,736 2,479 4,412 2,471 5,649 2,969 7,419 3,600 Source: TMK Consolidated Financial Statements for 2017, 2016, 2015 and 2014 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. 45

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