Investor Presentaiton
FY Consolidated Results Snapshot (USD)
Revenue
6,000
սլա $ՏՈ
5,000
4,000
3,000
5,099
4,767
2,000
4,127
4,394
3,338
1,000
0
2015
2016
2017
2018
2019
Adjusted EBITDA(b)
US$ mln
16%
16%
18%
800
14%
14%
14%
700
15%
600
12%
500
9%
400
700
688
300
651
605
6%
530
200
3%
100
0
0%
2015
2016
2017
2018
2019
◆ Adjusted EBITDA margin, %
Source: TMK data including IPSCO results
Note:
(a) Average nominal USD/RUB exchange rate as published by the Central Bank of Russia.
TMK
Adj. EBITDA margin, %
Volumes and realised prices
Average
USD/RUB rate (a)
60.66
66.90
58.35
62.71
Average
revenue/tonne
US$1,078
US$921
US$970
US$796
US$1,152
US$976
US$1,294
US$1,021
64.62
US$1,288
US$981
5,000
Thousand tonnes
3,784
3,989
3,828
4,000
3,871
3,458
3,000
1,461
1,113
1,246
1,177
1,046
2,000
1,000
2,410
2,412
2,671
2,743
2,651
0
2015
2016
2017
2018
2019
■Seamless
■Welded
Net profit
200
100
166
US$ mln
(100)
30
50
-0.2
60
66
(200)
(300)
(400)
(368)
2015
2016
2017
2018
2019
TMK
(b) 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 items
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