Investor Presentaiton

TMK TMK- Global Supplier of Full Range of Pipes for Oil and Gas Industry More than 20 production sites in Russia, the USA, Canada, Romania and Kazakhstan, with trade offices in 10 countries 2018 global drilling activity by geography (number of wells drilled)(a) Russia: 11 production facilities 1 trade house 1 R&D centre Canada: ■ 1 production facility ■ 1 trade office Canada 15% MANAGEMENT PRODUCTION SALES OIL AND GAS SERVICES RESEARCH & DEVELOPMENT TMK sales by region (2017) ME & Gulf C.Asia & 3% Region Caspian Region 2% Others 1% Europe 7% Americas 26% Source: Company data USA 47% Russia 20% Romania: 2 production facilities 1 trade house Kazakhstan: 1 production facility 1 trade house USA: 10 production facilities 1 trade house 1 R&D centre TMK sales by product (2017) Welded LD Welded Line Pipe Russia 61% Welded 10% OCTG 4% Welded Industrial 8% Seamless Industrial 15% 7% Key financials (US$min) 2014 2015 2016 2017 Oil & Gas = 77% Revenue 6,009 4,127 3,338 4,394 Adj. EBITDA 829 651 530 605 Seamless OCTG 42% Adj. EBITDA 14% 16% 16% 14% Margin (%) FCF(b) 252 498 395 77 Seamless Line Pipe 13% Net Profit (Loss) (217) (368) 166 30 Net Debt 2,969 2,496 2,539 2,688 Note: Percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums (a) Spears & Associates. Excluding China and Central Asia. Onshore and offshore drilling (b) Calculated as Net cash flows from operating activities plus Net cash flows used in investing activities

View entire presentation