Investor Presentaiton
TMK- Global Supplier of Full Range of Pipes for Oil and Gas Industry
One of the largest steel pipe producers globally
TMK sales by region(a)
(12M 2019, revenue)
TMK sales by product(a)
(12M 2019, in tonnes)
TMK
USA
2 sales offices
MANAGEMENT
O PRODUCTION
SALES
OIL AND GAS SERVICES
RESEARCH & DEVELOPMENT
Russia segment
CIS;
8%
ME, Asia and
Africa; 2%
(Russia & Kazakhstan):
12 production facilities
Pipe production
capacity: 4,591kt p.a.
2 R&D centres
Europe;
10%
Industrial
pipe; 21%
Americas;
22%
Russia;
58%
Russia
Key financial indicators (a)
Oil & Gas = 79%
OCTG;
46%
Line pipe;
20%
LD pipe;
12%
Kazakhstan
US$ mln
RUB mln
Europe segment (Romania):
2 production facilities
2017
2018
2019
2018
2019
Revenue
4,394
5,099
4,767
319,399
308,378
•
Pipe production capacity: 220Kt
p.a.
Adj. EBITDA (b)
605
700
688
44,052
Margin (%)
14%
14%
14%
14%
44,138
14%
Operating FCF(c)
372
427
469
26,877
29,955
Key operating indicators(a)
2017
2018
2019
Pipe sales (kt)
3,784
3,989
3,828
Net Profit (Loss)
Net Debt
30
(0)
66
2,142
3,946
2,688
2,437
2,503
169,233
151,718
Source: TMK data
Notes: (a) annual results include IPSCO (discontinued operations). For detailed breakdown of key financial metrics for continued and discontinued operations please refer to Appendix and TMK financial statements
(b) Adjusted EBITDA for PAO TMK 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
(c) Operating FCF calculated as Adjusted EBITDA less CAPEX
TMK
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