3Q 2014 vs 2Q 2014 Summary Financial Highlights Sales remained almost flat QoQ as higher LDP and Revenue increased QoQ mainly as a result of higher seamless industrial pipe volumes were offset by weaker LDP volumes in the Russian division…
9M 2014 vs 9M 2013 Summary Financial Highlights Sales decreased YoY as stronger seamless OCTG pipe sales were offset by lower welded pipe volumes, Revenue declined YoY mainly due to a negative effect of particularly LDP currency…
Recent Developments Board of Directors Decisions On October 31, 2014, TMKs Board of Directors recommended that shareholders approve interim dividends for the first six months of 2014 for a total of RUB 393,786,159.48 (approximately…
Russian Market Overview Growing oil drilling market in Russia Key considerations 25,000 7,000 In 3Q 2014, the Russian pipe market increased by 9% QoQ mainly due to the growth of LD pipe market. For 9M 6,000 20,000 2014, Russian…
US Market Overview Growing oil drilling activity Key considerations US Oil and Gas Rig Count 2,100 According to Baker Hughes, in 3Q 2014, the total average rig 1,800 Gas count was up by 51 rigs to 1,903 rigs from the prior…
3Q 2014 vs 2Q 2014 Sales by Division and Group of Product Sales by division -2% 840 Russian division sales decreased QoQ mainly due to lower 720 seamless OCTG and line pipe volumes. 600 Thousand tonnes American division sales…
3Q 2014 vs 2Q 2014 Revenue by Division Revenue Revenue per tonne* 4% 1,200 1,800 -2% 1,600 1,000 7% 1,400 0% 800 1,200 U.S. / tonne U.S. mln 1,000 600 6% 1,713 1,775 1,030 1,014 800 400 600 1,308 1,312 1,257…
3Q 2014 vs 2Q 2014 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA margin 180 18% 3% 15% 150 14% 12% 13% U.S. mln 120 12% 9% 90 8% % 147 151 60 23% 6% 30 42 4% 34 9 9 0 0% Russia America Europe…
9M 2014 vs 9M 2013 Sales by Division and Group of Product Sales by division -2% 2,500 Russian division sales declined YoY mostly due to lower LDP sales as well as weaker seamless industrial pipe volumes. 2,000 Thousand tonnes…
9M 2014 vs 9M 2013 Revenue by Division Revenue Revenue per tonne* -12% 6% 3,600 1,800 -11% 3,000 1,500 18% 2,400 1,200 U.S. / tonne U.S. mln 1,800 900 1,717 3,439 5% 3,025 1,619 1,479 1,323 1,299 1,200 600 1,103…
Seamless Core to Profitability U.S. mln QoQ, YoY, 3Q 2014 gross profit breakdown 3Q 2014 9M 2014 (unless stated otherwise) % % Other Volumes- Pipes, kt 585 -8% 1,858 3% operations 2% Welded Revenue 918 -5% 2,866 -4% 19%…
Working Capital Position as of September 30, 2014 Inventories (days) Accounts payable (days) 120 80 75 97 96 98 73 73 100 91 90 68 80 64 60 60 40 20 0 40 2010 2011 2012 2013 9m2014 2010 2011 2012 2013 9m2014 Accounts…
Debt Maturity Profile as of September 30, 2014 As of September 30, 2014, total 1,000 financial debt amounted to U.S.3,546 mln 855 800 80% of total financial debt is long- term 600 537 U.S. mln 510 515 500 Weighted…
Debt Profile as of September 30, 2014 Around U.S.900 mln of undrawn committed credit lines to Debt breakdown by source of borrowings cover short-term debt 800 700 Utilized Credit Facilities 600 Unutilized Credit Facilities Bonds…
Outlook For the fourth quarter of 2014, the Company observes an increase of the pipe market in Russia mainly due to higher consumption of LD pipe for Gazproms projects and seasonally stronger demand for OCTG pipe. 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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