Investor Presentaiton

Margin, % Seamless - Core to Profitability SEAMLESS RUR mln (unless stated otherwise) Sales Pipes, kt - Revenue Gross profit 1Q2020 QoQ, % YOY, % 526 -18% -23% 42,287 -18% -29% 12,042 -16% -15% 28% Avg revenue/tonne (RUB) 80,420 0% -7% Avg gross profit/tonne (RUB) 22,900 3% 11% - Sales Pipes, kt 1Q 2020 gross profit breakdown Welded 5% Other operations .1% TMK Seamless 94% WELDED Revenue Gross profit Margin, % Avg revenue/tonne (RUB) Avg gross profit/tonne (RUB) Source: Consolidated IFRS financial statements, TMK data 188 -26% -36% 9,814 -32% -51% 690 -42% -51% Sales of seamless pipe generated 76% of total revenues in 1Q 2020 7% Gross profit from seamless pipe sales represented 94% of 1Q 2020 total gross profit 52,162 -8% -24% Gross profit margin from seamless pipe sales amounted to 28% in 1Q 2020 3,669 -21% -23% 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. TMK 36

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