Investor Presentaiton
FY2020 KEY FIGURES & HIGHLIGHTS
KEY HIGHLIGHTS
REVENUE
RUB 138 bn -28.2%
Revenue was down due to decline in shipments as a result of
economic slowdown on the back of COVID-19 pandemic
Adjusted EBITDA (1)
RUB 28.5 bn -10%
EBITDA was supported by stable volumes of shipments in
industrial pipe segment as well as the management's efforts
aimed at cost optimization
EBITDA margin
20.7%
+4 p.p.
Higher EBITDA margin as a result of increased share of HVA
products in product portfolio, reduction of costs due to vertical
integration and implementation of operating efficiency
program
CHELPIPE'S KEY PRODUCTS AND SERVICES
Total pipe segment in adjusted EBITDA split: ~81%
Seamless 50%
Industrial pipes
Oilfield
Services
11%
Approximate
contribution
to adj. EBITDA(2)
8%
CHEL PIPE
GROUP
28%
Seamless O&G
pipes
Large diameter pipes
3% (LDP) and other welded
pipes
Trunk pipeline
Systems & scrap
KEY FINANCIALS
RUB bn
2018
2019
2020
Revenue
178.8
192.3
138.0
Adjusted EBITDA
28.2
31.8
28.5
Margin
15.8%
16.6%
20.7%
Net Debt
68.4
67.1
73.8(3)
Net Debt / Adjusted EBITDA
2.4x
2.1x
2.6x
Source: Company data, IFRS Financial Statements. The segmentation is made for business purposes only, IFRS reporting is based on 4 segments.
(1) Adjusted EBITDA is determined as profit/loss for the period adjusted by finance income and costs, income tax, depreciation and amortization, foreign exchange gain/loss, change in fair value of derivatives, gain/loss on disposal of subsidiaries, gain/loss on disposal of property plant and equipment and intangible
assets, impairment of loans receivable, interest receivable, property plant and equipment and intangible assets, advances for capital construction and intangible assets, impairment of goodwill, social and charity expenses not related to operating activities. (2) The Company estimates for contribution of various product
groups to Company's adjusted EBITDA over the last 12 months. (3) The amount of cash & cash equivalents used to calculate Net Debt includes short term debt granted in December 2020 and fully repaid in February 2021.View entire presentation