Investor Presentaiton

TMK LDP Demand in Russia LDP demand in Russia, 2012-2023E Booming market '000 tonnes 3,500 15% 3,000 2,500 20% 20% 2,000 26% 25% 26% 30% 30% 1,500 31% 30% 15% 11% 30% 34% 35% 10% 20% 1,000 14% 65% 41% 26% 12% 12% 12% 54% 59% 64% 11% 60% 500 54% 58% 50% 44% 54% 53% 46% 0 2012 2013 2014 2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F ■ Gazprom Transneft ■ Others Source: TMK estimates LDP demand in Russia is driven by nation-wide O&G projects and maintenance of the existing O&G infrastructure, with current total length of Gazprom and Transneft current pipeline network exceeding 225 thousand kilometers Going forward, LDP demand in Russia is expected to be strongly supported by growing needs of Gazprom on the back of potential new projects, such as: Power of Siberia-2, Bovanenkovo-Ukhta 3, Ukhta-Torzhok 3, etc. TMK is well-positioned to participate in these projects due to efficient production costs, high-quality product offering and well-established relationship with the major customers in the Russian LDP market 15 TMK

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