Investor Presentaiton
SEGMENT PERFORMANCE OVERVIEW
STEEL PIPE
PRODUCTION(2)
REVENUE FROM
EXTERNAL CUSTOMERS
(RUB bn)
ADJUSTED EBITDA (1)
COMMENTARIES
(RUB bn)
15%
16%
20%
173,4
163,4
27,6
24,3
24,3
119,6
2018
2019
2020
2018
2019
CHELPIPE
GROUP
2020
33
3,3
•
LDP segment saw major decline in shipments, however, total
volume of shipments of OCTG and Industrial pipes remained
stable, which partly offset decrease in EBITDA despite the
decrease in revenue
High cost efficiency as well as increased share of high value-
added products in the product portfolio allowed to achieve
higher EBITDA margin
A slight decrease in revenue is primarily attributed to OPEC+
deal
Revenue was supported by the expansion into FS U countries
as well as export sales into Africa and Middle East mainly in
artificial lift segment as well as increased share of direct sales
volumes in Russia
EBITDA improvement is driven by increased utilization at the
main manufacturing facilities and massive cost reduction
13,6
22%
25%
25%
13,2
12,3
OILFIELD
SERVICES
3,4
2,7
2018
2019
2020
2018
2019
2020
TRUNK PIPELINE
SYSTEMS
3,1
5,3
35%
17%
17%
42
5,2
1,1
0,9
0,9
60
2018
2019
2020
2018
2019
EBITDA margin (3)
2020
Source: IFRS Financial Statements. Numbers may not add up due to rounding
(1) Does not include inter-segment adjustments (in 2017 amounted RUB 409mn, in 2018 amounted to RUB 74mn and null in 2019)
(2) Include results of Scrap procurement division
(3) Calculated as adjusted EBITDA (excl. inter-segment adjustments) divided by the revenue from external customers
Trunk pipeline systems revenue linked to S teel pipes revenue,
especially to LDP sales (due to complementary nature of trunk
products)
Decrease in volumes of pipes shipments was partly offset by
diversification of products and sales
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