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Q4 2013 FINANCIAL RESULTS – Tmk Group

Tmk Group · Mar 12, 2014 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 1
    PROPRIETARY & CONFIDENTIAL TMK Financial Presentation 4Q and FY 2013 IFRS Results
  2. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 2
    4Q Summary Financial Highlights Sales increased QoQ mainly due to the growth of Revenue increased QoQ mainly due to higher sales OCTG and line pipe sales in Russia in the Russian and American divisions 7% QoQ 6% QoQ 1,200 1,800…
  3. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 3
    FY 2013 Summary Financial Highlights Revenue declined YoY mainly due to lower sales of Sales increased YoY mainly due to higher volumes seamless pipe in the Russian division and a of welded OCTG pipe negative effect of currency…
  4. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 4
    Recent Developments Premium connections In November 2013, TMK united its two premium connections families TMK Premium and ULTRA under a single brand TMK Ultra Premium (TMK UP). Bringing the two premium connections lines under the…
  5. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 5
    Russian Market Overview Share of Horizontal Drilling is Growing Key Considerations 25% In 4Q 2013, the Russian pipe market decreased by 5% Share of horizontal wells, % 21% from the prior quarter mainly as a result of a seasonal 20%…
  6. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 6
    US Market Overview Growing Oil Drilling Activity Supported by Steadily High Crude Oil Prices Key Considerations US Oil and Gas Rig Count 2,100 In 2013, the U.S. rig count averaged 1,761 compared to 1,919 in 2012. In 4Q 2013, average…
  7. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 7
    4Q 2013 Sales by Division and Group of Product 4Q 2013 Sales by Division 6% 840 Russian division sales increased QoQ mainly due to higher seamless OCTG and line pipe volumes. 720 American division sales grew QoQ due to higher…
  8. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 8
    4Q 2013 Revenue by Division 4Q 2013 Revenue 4Q 2013 Revenue per Tonne* 1,200 0.4% 1,800 -8% 5% -1% 1,000 1,500 U.S. mln U.S. / tonne 800 1,200 600 7% 900 1,044 1,621 1,627 1,549 998 1,430 1,389 1,374 400 600 12% 200…
  9. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 9
    4Q 2013 Adjusted EBITDA by Division 4Q 2013 Adjusted EBITDA 4Q 2013 Adjusted EBITDA Margin 210 41% 20% 18% 180 15% 13% 14% 150 U.S. mln 11% 11% 120 10% 10% % 90 188 20% 134 60 45% 5% 42 50 30 7 10 0 0% Russia…
  10. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 10
    FY 2013 Sales by Division and Group of Product FY 2013 Sales by Division -2% 3,200 Russian division sales declined YoY mostly due to lower 2,800 OCTG and line pipe volumes. Thousand tonnes 2,400 2,000 American division sales…
  11. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 11
    FY 2013 Adjusted EBITDA by Division FY 2013 Adjusted EBITDA FY 2013 Adjusted EBITDA Margin 2% 800 20% 17% 16% 16% 600 16% U.S. mln 13% 12% 11% % 400 776 759 9% -34% 8% 200 -40% 4% 218 145 31 0 52 0% Russia…
  12. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 12
    Seamless Core to Profitability QoQ, YoY, FY 2013 Gross Profit Breakdown U.S. mln 4Q 2013 FY 2013 (unless stated otherwise) % % Other operations Volumes- Pipes, kt 617 15% 2,422 -3% 3% Welded Revenue 978 12% 3,960 -4% 18%…
  13. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 13
    Working Capital Position for FY 2013 Inventories (Days) Accounts Payable (Days) 140 132 120 107 120 100 97 96 100 91 90 75 80 73 73 80 64 60 60 40 40 20 20 0 0 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Accounts…
  14. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 14
    Debt Maturity Profile as of December 31, 2013 As of December 31, 2013, total 1,000 financial debt amounted to 906 U.S.3,694 mln 800 89% of total financial debt is long- 413 term 600 561 0 Weighted average nominal interest U.S.…
  15. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 15
    Debt Profile as of December 31, 2013 More than U.S.1,6 bn of Undrawn Committed Credit Lines to Debt Breakdown by Source of Borrowings Cover Short-term Debt 1,400 Utilized Credit Facilities 1,200 Unutilized Credit 1,000…
  16. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 16
    Outlook For the full year 2014, the Company observes an increase of the pipe market in Russia mainly due to higher consumption of oil and gas pipe grades. In particular, as a results of horizontal drilling growth and further…
  17. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 17
    Appendix Summary Financial Accounts 19
  18. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 18
    Income Statement US mln 2013 2012 2011 2010 2009 Revenue 6,432 6,688 6,754 5,579 3,461 Cost of Sales (5,074) (5,209) (5,307) (4,285) (2,905) Gross Profit 1,358 1,479 1,446 1,293 556 Selling and Distribution Expenses (379) (433)…
  19. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 19
    Cash Flow US mln 2013 2012 2011 2010 2009 Profit / (Loss) before Income Tax 312 400 544 185 (427) Adjustments for: Depreciation and Amortisation 326 326 336 301 313 Net Interest Expense 245 275 271 412 406 Others 61 39 (101) 45 36…
  20. Q4 2013 FINANCIAL RESULTS – Tmk Group – slide 20
    Thank You TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 IRtmk-group.com 23

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