Investor Presentaiton

WELDED SEAMLESS Seamless - Core to Profitability RUR mln 2Q2020 (unless stated otherwise) QoQI % 1H2020 YOY, % 1H 2020 gross profit breakdown - Sales Pipes, kt 523 0% 1 049 -24% Other operations 1% Revenue Gross profit Margin, % Avg revenue/tonne (US$) 44 277 5% 86 564 -27% Welded 4% 11 306 -6% 23 348 -17% 26% 27% 84 620 5% 82 515 -4% Seamless 95% Avg gross profit/tonne (US$) 21 608 -6% 22 256 9% Sales Pipes, kt Revenue 167 -11% 355 -44% 9 498 -3% 19 312 -55% Gross profit Margin, % Avg revenue/tonne (US$) 357 -48% 1 047 -69% 4% 5% 56 969 9% 54 420 -19% Avg gross profit/tonne (US$) 2 138 -42% 2 950 -44% Sales of seamless pipe generated 77% of total revenues in 1H 2020 Gross profit from seamless pipe sales represented 95% of 1H 2020 total gross profit Gross profit margin from seamless pipe sales amounted to 27% in 1H 2020 Source: Consolidated IFRS financial statements, TMK data 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 TMK

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