Investor Presentaiton
Improving Debt Structure
80% of total financial debt is long-term
Net Debt and Short-term Debt Share
Net Debt, US$ mln
4,000
3,711
3,656
30%
3,552
3,600
3,526
3,631
3,500
27%
3,000
18%
2,500
16%
2,000
1,500
1,000
500
0
HN
31 Dec 2010 31 Dec 2011 31 Dec 2012 31 Dec 2013 31 Mar 2014 30 June 2014
Net Debt, US$ mln
Share of Short-term Debt, %
25%
20% 20%
15%
11%
12%
10%
5%
0%
Source: TMK data
Over US$1.3 bln committed credit lines maturing up to 2019
Committed credit lines as of July 30, 2014
U.S.$ mln
800
700
■ Utilized Credit Facilities
600
500
■ Unutilized Credit Facilities
400
300
200
100
0
2014
2015
2016
2019
Unlimited
Source: TMK Management Accounts, figures based on non-IFRS measures, estimates from TMK management
25
Share of ST Debt, %
TMKView entire presentation