2Q 2014 vs 1Q 2014 Summary Financial Highlights Sales increased QoQ mainly due to higher sales in Russia across all types of welded pipe, and Revenue grew QoQ mainly as a result of higher especially LDP volumes welded pipe sales in the…
1H 2014 vs 1H 2013 Summary Financial Highlights Revenue declined YoY mainly due to lower LDP Sales decreased YoY mostly due to lower LDP sales sales in the Russian division and a negative effect in Russia of currency translation -3% YoY…
Recent Developments Dividends On June 19, 2014, the annual shareholders meeting approved a final dividend for 2013 in the amount of 731 million Russian roubles (21 million at the exchange rate at the date of approval) or 0.78 Russian…
Russian Market Overview Share of Horizontal Drilling is Growing Key Considerations 29% 29% 30% In 2Q 2014, the Russian pipe market increased by 10% from 25% the prior quarter mainly as a result of a seasonal growth of 21% the welded…
US Market Overview Growing Oil Drilling Activity Supported by Steadily High Crude Oil Prices Key Considerations US Oil and Gas Rig Count 2,100 According to Backer Hughes, the average number of rigs in 2Q Gas 2014 increased by 73…
2Q 2014 vs 1Q 2014 Sales by Division and Group of Product Sales by Division 8% 840 Russian division sales increased QoQ mainly due to higher 720 LDP and welded industrial pipe volumes. 600 Thousand tonnes American division…
2Q 2014 vs 1Q 2014 Revenue by Division Revenue Revenue per Tonne* 3% 1,200 1,800 5% 12% -3% 1,000 1,500 800 1,200 U.S. / tonne U.S. mln 600 900 1,713 -1% 1,665 1,030 1,565 981 1,401 1,350 1,308 400 600 7% 200…
2Q 2014 vs 1Q 2014 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA Margin -3% 160 18% 16% 14% 120 12% U.S. mln 12% 11% 80 8% % 153 147 6% 39% 6% 40 21% 34 24 7 9 0 0% Russia America Europe Russia…
1H 2014 vs 1H 2013 Sales by Division and Group of Product Sales by Division -6% Russian division sales declined YoY mostly due to lower LDP 1,700 volumes as well as lower seamless line and seamless 1,360 industrial pipe sales.…
1H 2014 vs 1H 2013 Revenue by Division Revenue Revenue per Tonne* -18% -16% 4% 2,500 1,800 -13% 1,500 2,000 1,200 U.S. / tonne U.S. mln 1,500 2,440 900 1,688 1,761 6% 1,618 1,000 2,011 1,519 1,481 1,328 600 833…
1H 2014 vs 1H 2013 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA Margin 500 -34% 20% 19% 400 16% 15% U.S. mln 12% 300 12% 10% % 455 200 8% 7% 7% 300 100 9% 12% 4% 53 58 15 16 0 0% Russia America…
Seamless Core to Profitability U.S. mln QoQ, YoY, 2Q 2014 Gross Profit Breakdown 2Q 2014 1H 2014 (unless stated otherwise) % % Other Volumes- Pipes, kt 634 -1% 1,273 0% operations Welded 2% 15% Revenue 970 -1% 1,948 -8%…
Working Capital Position as of June 30, 2014 Inventories (Days) Accounts Payable (Days) 120 80 101 75 97 96 73 73 100 91 90 69 80 64 60 60 40 20 0 40 2010 2011 2012 2013 6m2014 2010 2011 2012 2013 6m2014 Accounts…
Debt Maturity Profile as of June 30, 2014 1,000 965 As of June 30, 2014, total financial debt amounted to U.S.3,753 mln 800 80% of total financial debt is long- term 600 Weighted average nominal interest 527 515 494 500 rate…
Debt Profile as of June 30, 2014 U.S.1 bn of Undrawn Committed Credit Lines to Cover Short- Debt Breakdown by Source of Borrowings term Debt 800 Utilized Credit Facilities 700 Unutilized Credit Facilities 600 Bonds U.S. mln…
Outlook For the second half of 2014, the Company observes an increase of the pipe market in Russia mainly due to higher consumption of LD pipe as a result of the commencement of Gazproms Power of Siberia project. In the U.S. TMK…
Thank You TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 IRtmk-group.com 19
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