Investor Presentaiton
(US$mln)(a)
Revenue
Adjusted EBITDA (b)
Adjusted EBITDA Margin (b) (%)
TMK
Key Consolidated Financial Highlights
2017
2016
2015
2014
2013
4,394
3,338
4,127
6,009
6,432
605
530
651
829
986
14%
16%
16%
14%
15%
Profit (Loss)
30
166
(368)
(217)
215
Net Profit Margin (%)
1%
5%
n/a
n/a
3%
Pipe Sales ('000 tonnes)
3,781
3,458
3,871
4,402
4,287
Average Net Sales/tonne (US$) (c)
1,162
965
1,066
1,365
1,500
Cash Cost per tonne (US$)(d)
862
692
783
1,030
1,108
312
476
684
595
703
Cash Flow from Operating Activities
Capital Expenditure(e)
236
175
208
293
397
Total Debt(f)
3,239
2,836
2,801
3,223
3,694
Net Debt(f)
2,688
2,479
2,471
2,939
3,568
Short-term Debt/Total Debt
18%
9%
21%
24%
11%
4.4x
4.7x
3.8x
3.5x
3.6x
Net Debt/Adjusted EBITDA
Adjusted EBITDA/Finance Costs
2.3x
2.0x
2.3x
3.6x
3.9x
Source: TMK Consolidated Financial Statements for 2017, 2016, 2015 and 2014
(a) IFRS financials figures were rounded for the presentation's purposes. Minor differences with FS may arise due to rounding
(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.
(c) Sales include other operations and is calculated as Revenue divided by sales volumes tonnes
(d) Cash Cost per Tonne is calculated as Cost of Sales less Depreciation & Amortisation divided by sales volumes
(e) Purchase of PP&E investing cash flows
(f) Total Debt represents loans and borrowings less interest payable; Net Debt represents Total debt less cash and cash equivalents and short-term financial investments
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