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Investor Presentaiton

Distinctive Product and Client Portfolio Decoupling the Company from the Global Steel Market Strongly positioned in multiple end-markets for pipes, TMK ...quality oriented and certified for the automotive industry, differentiating the Company from most of its peers beyond oil & gas... In volume terms, 2019 Construction; 14% Automotive; 11% Hydraulic cylinders; 10% Mechanical engineering; 30% Oil & Gas; 12%. Energy; 23% Increasing focus on product premiumisation by expanding heat treatment, cold processing and machining... '000 tonnes 25 14 24 16% 25 11 30 22% 30 8 13 138 138 140 133 Premium pipes volumes grew by 1.5x in the last 4 years 2016 2017 2018 2019 (1) (2) ■Commodities pipes Americas ■Premium pipes Americas ■Commodities pipes Europe Premium pipes Europe Source: Company information, Management accounts (1) Europe also includes Middle East, Turkey and North Africa (2) Americas also includes Canada, Brazil, US, Mexico TMK Up to 11% in the sales mix in 2019 Ability to satisfy one of the most demanding industries in terms of product quality ■ Projects co-developed with and pipes supplied to major car manufacturers including some of the most prestigious luxury brands ...and by providing niche and tailor-made customer solutions to a market with growing sophistication Limited editions under tight deadlines: ability to supply small orders (ca. 1/100 compared to industrial commodity pipes) to car manufacturers under tight just-in-time delivery terms (even down to a minimum of 10 days) ▪ Rare products for the European market: customized heat treated tubes, including quenched and tempered long tubes with wall thickness up to 60mm ■ Precision products for highly specialized uses: produced in microns tolerances, a dozen times higher level than industrial commodity pipes; these tubes are ready for use without other machining in hydraulic cylinders and accumulator manufacturing 20
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