Investor Presentaiton
Key Consolidated Financial Highlights
TMK
(US$min)(a)
2008
2009
2010
2011
2012
Revenue
5,690
3,461
5,579
6,754
6,688
Adjusted EBITDA (b)
1,047
328
942
1,050
1,040
Adjusted EBITDA Margin (%)
18%
9%
17%
16%
16%
Profit (Loss)
198
(324)
104
385
282
Net Profit Margin (%)
3%
NM
2%
6%
4%
Pipe Sales ('000 tonnes)
3,227
2,769
3,962
4,185
4,238
Average Net Sales/tonne (US$) (c)
1,763
1,250
1,408
1,614
1,578
Cash Cost per tonne (US$)(d)
1,263
979
1,027
1,207
1,168
Cash Flow from Operating Activities
740
852
386
787
929
Capital Expenditure(e)
840
395
314
402
445
Total Debt(f)
3,211
3,752
3,872
3,787
3,885
Net Debt(f)
3,063
3,504
3,711
3,552
3,656
Short-term Debt/Total Debt
70%
41%
18%
16%
27%
Net Debt/Adjusted EBITDA
2.9x
10.7x
3.9x
3.4x
3.5x
Adjusted EBITDA/Finance Costs
3.8x
0.7x
2.2x
3.5x
3.5x
(a) IFRS financials figures were rounded for the presentation's purposes. Minor differences with FS may arise due to rounding
(b) Adjusted EBITDA is calculated as profit before tax plus finance costs minus finance income plus depreciation and amortisation adjusted for non-operating and non-recurrent items
(c) Sales include other operations and is calculated as Revenue divided by sales volumes tonnes
(d) Cash Cost per Tonne is calculated as Cost of Sales less Depreciation & Amortisation divided by sales volumes
(e) Purchase of PP&E investing cash flows
(f) Total debt represents interest bearing loans and borrowings plus liability under finance lease; Net debt represents Total debt less cash and cash equivalents and short-term financial
investments
Source: TMK Consolidated IFRS Financial Statements
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