3Q Summary Financial Highlights Sales were down QoQ due to lower OCTG and line Revenue was down QoQ on lower seamless pipe pipe volumes in Russia sales and a negative effect of currency translation -9% QoQ -10% QoQ 1,200 1,800…
9M Summary Financial Highlights Sales increased YoY mainly due to higher Revenue declined YoY due to weaker results of the consumption of LDP in Russia and welded OCTG American and European divisions and a negative pipe in the American…
Recent Developments Product Approval In August 2013, TMK received an official notice of product approval from Abu Dhabi Company for Offshore Oil Operations (ADCO). Volzhsky Pipe Plant (VTZ), a TMK subsidiary, was acknowledged by ADCO…
Russian Market Overview Forecast Horizontal Drilling in Russia Key Considerations 4,500 2012-2015 CAGR 14% In 3Q2013, the Russian pipe market slightly increased 4,000 by 1% QoQ mainly as a result of higher welded pipe 3,500…
US Market Overview Growing Oil Drilling Activity Supported by High Crude Oil Prices Key Considerations US Oil and Gas Rig Count The U.S. rig count averaged 1,770 compared to 1,761 in the 2,100 second quarter of 2013, but on a 9 month…
3Q 2013 Sales by Division and Group of Product 3Q 2013 Sales by Division -12% 840 Russian division sales decreased QoQ mainly due to lower seamless pipe sales as a result of seasonally weaker demand 720 Thousand tonnes and…
3Q 2013 Revenue by Division 3Q 2013 Revenue 3Q 2013 Revenue per Tonne* -14% 1,800 +0.2% -10% 1,200 -2% 1,500 1,000 U.S. / tonne U.S. mln 1,200 800 900 1,721 600 1,164 1,618 1,621 +3% 1,549 998 1,420 1,389 600 400…
9M 2013 Sales by Division and Group of Product 9M 2013 Sales by Division -0.4% Russian division sales remained almost flat YoY as decrease 2,400 in seamless pipe sales was mostly offset by higher LD and 2,000 welded line pipe…
Seamless Core to Profitability U.S. mln QoQ, YoY, 3Q 2013 9M 2013 (unless stated otherwise) % % Volumes- Pipes, kt 534 -17% 1,805 -4% Net Sales 872 -15% 2,982 -5% SEAMLESS Sales of seamless pipe generated Gross Profit 233…
Debt Maturity Profile as of September 30, 2013 As of September 30, 2013, total 897 900 financial debt amounted to U.S.3,775 mln 750 413 84% of total financial debt is long- term 600 515 500 494 Weighted average nominal…
Debt Profile as of September 30, 2013 More than U.S.1 bn of Undrawn Committed Credit Lines to Debt Breakdown by Source of Borrowings Cover Short-term Debt 1,200 Utilized Credit Facilities 1,000 Unutilized Credit Facilities 800…
Outlook In the fourth quarter of 2013, the Company observes a recovery on its main markets. In particular, seamless OCTG and line pipe sales in the Russian division are growing. LD pipe volumes are expected to be higher compared to…
Appendix Summary Financial Accounts 19
Income Statement U.S. mln 2012 2011 2010 2009 2008 Revenue 6,688 6,754 5,579 3,461 5,690 Cost of Sales (5,204) (5,307) (4,285) (2,905) (4,252) Gross Profit 1,483 1,446 1,293 556 1,438 Selling and Distribution Expenses (433) (411)…
Cash Flow U.S. mln 2012 2011 2010 2009 2008 Profit / (Loss) before Income Tax 405 544 185 (427) 308 Adjustments for: Depreciation and Amortisation 326 336 301 313 248 Net Interest Expense 275 271 412 406 263 Others 34 (101) 44 36 228…
Thank You TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 IRtmk-group.com 23
Loading...
