Investor Presentaiton
Group Wide Confidence Based on Solid Industry Fundamentals
■ Complex unconventional drilling in both US and Russia forecast to grow, Russian horizontal drilling
forecast to grow by CAGR 14% in 2012-15
Forecast horizontal drilling in Russia
TMK
2012-2015 CAGR 14%
4,500
4,400
4,000
4,000
3,600
3,500
3,000
3,000
2,500
2,235
2,000
1,475 1,549
1,649
1,795
1,387
1,500
1,184
1,000
500
0
2005 2006 2007
Source: RenergyCO 2012
2008 2009 2010 2011 2012 2013E 2014E 2015E
Premium connections volumes expected to double over same period
TMK's premium products sales in the US grew significantly and are now larger than in Russia
Thousand tonnes
300
285
250
208
145
200
138
100
150
41
100
140
50
97
108
0
2010
2011
2012
■Russia
■ US
Source: TMK Estimates
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