Investor Presentaiton
2Q 2014 vs 1Q 2014 Summary Financial Highlights
Sales increased QoQ mainly due to higher sales in
Russia across all types of welded pipe, and
especially LDP volumes
Revenue grew QoQ mainly as a result of higher
welded pipe sales in the Russian division
Thousand tonnes
1,200
900
+5% QoQ
600
1,026
1,075
300
0
1Q2014
2Q2014
U.S.$ mln
1,600
1,200
+3% QoQ
800
1,466
1,516
400
0
1Q2014
2Q2014
Adjusted EBITDA went up QoQ mainly due to
favorable product mix in the American division
+3% QoQ
Net profit was $60 million as compared to net loss
of $16 million for the first quarter of 2014
U.S.$ mln
200
13%
150
16%
13%
12%
190
184
100
8%
50
4%
0
0%
1Q2014
2Q2014
Source: TMK data
EBITDA Margin, %
20
20
U.S.$ mln
70
60
50
40
30
60
60
20
10
0
-10
-16
-20
1Q2014
2Q2014
TMKView entire presentation