Investor Presentaiton
Semi-annual Segmental Performance Dynamics excluding IPSCO (in RUB)
European division
TMK
Sales
volume
(ths. tonnes)
Russian division
1,435
1,490
1,553
1,590
1,529
1,432
679
93
92
100
100
99
88
35
1H17
2H17
1H18
2H18
1H19
2H19
1Q20
1H17
2H17
1H18
2H18
1H19
2H19
1Q20
21.1
19.6
15.2
15.3
Adjusted
13.5
13.3
EBITDA(a),
RUB bn
1.5
1.7
8.8
1.0
0.6
1.1
0.4
1H17
2H17
1H18
2H18
1H19
2H19
1Q20
1H17
2H17
1H18
2H18
1H19
2H19
(0.0)
1Q20
Adjusted
EBITDA
margin(a), %
Source: TMK data
Note:
TMK
18%
16%
17%
17%
17%
15%
14%
14%
14%
14%
12%
10%
6%
1H17
2H17
1H18
2H18
1H19
2H19
1Q20
(1%)
1H17
2H17
1H18
2H18
1H19
2H19
1Q20
(a) Adjusted EBITDA represents profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortisation, foreign exchange (gain)/loss, impairment/ (reversal of impairment) of non-current assets,
movements in allowances and provisions (except for provisions for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring
and unusual item
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