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Investor Presentaiton

VERTICAL INTEGRATION AND STRONG SUPPLIER BASE BILLETS SUPPLY STRUCTURE (000 tn) 1,449 STEEL PLATE PURCHASING STRUCTURE 1,464 1,471 1,392 CHELPIPE GROUP 18% 17% 2% 16% 20% 74% 42% 43% 78% 86% 79% 91% 2017 2018 ■Metalloinvest ■Evraz UMMC 2019 2020 Others ind. imports ■IO-32 HIGH LEVEL OF VERTICAL INTEGRATION IN THE PROCESS OF SEAMPLESS PIPE PRODUCTION Scrap metal collection Iron Ozon 32 Seamless pipes production Meta Group Pipe billet production Source: Company data Pipe-rolling workshops of Pervouralsk and Chelyabinsk pipe plants 59% 40% 41% 17% 2017 2018 2019 2020 ■ MMK ■Metalloinvest ■S evers tal Others ind. imports ADVANTAGEOUS LOCATION OF CHELPIPE NEAR STEEL PLATE SUPPLIERS MMKO Chelpipe Metalloinvest Metalloinvest Chelpipe MMK 23
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