Investor Presentaiton
U.S.$ mln
2Q 2014 vs 1Q 2014 Revenue by Division
Revenue
1,200
5%
1,000
800
600
-1%
981
1,030
400
200
U.S.$/tonne
Revenue per Tonne*
3%
1,800
-3%
1,500
12%
1,200
900
1,665 1,713
1,565
1,350 1,308
1,401
600
7%
418 415
300
67
71
0
Russia
America
Europe
■ 1Q2014 ■ 2Q2014
0
Russia
America
Europe
■ 1Q2014
■ 2Q2014
Revenue for the Russian division increased mainly as a result of
the growth in welded pipe volumes and especially in LDP sales.
Revenue for the American division decreased primarily due to
lower seamless and welded pipe sales, which was partially
compensated by higher pricing and favorable sales mix.
Revenue for the European division increased as a result of higher
steel billet sales.
Source: Consolidated IFRS Financial Statements, TMK data
NNote:
* Revenue /tonne for the Russian and American divisions is calculated as total
revenue divided by pipe sales. Revenue for the European division is calculated as
total revenue divided by (pipe+billet sales)
Russian division revenue per tonne decreased QoQ due to
unfavorable mix of welded pipe.
■ American division revenue per tonne increased QoQ due to
more favorable sales mix in seamless and welded pipe.
European division revenue per tonne increased QoQ due to
favorable sales mix and positive effect of currency
translation.
CCertain monetary amountsppercentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums.
22
TMKView entire presentation