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Investor Presentaiton

Income Statement TMK (RUB min) (US$mln) 2019 2018 2019 2018 2017 Revenue Cost of sales Gross Profit 308,378 319,399 4,767 5,099 4,394 246,736 261,915 (3,807) (4,183) (3,521) 61,642 57,484 959 916 872 Selling and Distribution Expenses General and Administrative Expenses Adverstising and Promotion Expenses (15,372) (14,377) (237) (231) (261) (17,849) (15,767) (276) (250) (231) (616) (456) (10) (7) (7) Research and Development Expenses (386) (451) (6) (7) (11) Other Operating Expenses, Net (1,520) (1,417) (23) (22) (34) Foreign Exchange Gain / (Loss) Finance Costs, Net Other 2,098 (4,644) 32 (72) 28 (15,113) (15,081) (218) (232) (268) (6,857) (0,287) (124) (50) (10) Income (Loss) before Tax 6,027 5,004 97 45 78 Income Tax (Expense) / Benefit Net Income / (Loss) (2,081) (2,862) (32) (45) (48) 3,949 2,142 66 (0) 30 Source: TMK Consolidated Financial Statements for 2019, 2018, 2017, 2016, 2015, 2014 and 2013 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. (a) Calculated as Finance income less Finance costs TMK 39
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