Investor Presentaiton

RUB mln Thousand tonnes 800 600 2Q 2020 vs. 1Q 2020 Summary Financial Highlights Sales declined QoQ, due to lower sales at the Russian division -3% QoQ Revenue increased ૨૦૨, supported by a stronger performance at the European division and stable results at the Russian division 60,000 +2% QoQ TMK 400 714 690 200 0 1Q2020 2Q2020 RUB mln 40,000 55,319 20,000 56,671 Adjusted EBITDA was down QoQ, due to a weaker performance at the Russian division Net profit decreased QoQ, mainly due to the gain on disposal of subsidiaries recorded in 1Q 2020 -3% QoQ 12,000 10,000 18% 16% 15% 15% 8,000 12% 6,000 9% 4,000 8,737 8,449 6% 2,000 3% 0 0% 1Q2020 2Q2020 Source: TMK data TMK EBITDA margin, % RUB mln 1Q2020 2Q2020 25,000 20,000 15,000 10,000 19,628 5,000 600 0 1Q2020 2Q2020 34 34

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