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Q1 2014 IFRS RESULTS – Oao Tmk

Oao Tmk · May 23, 2014 · 17 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. Q1 2014 IFRS RESULTS – Oao Tmk – slide 1
    PROPRIETARY & CONFIDENTIAL TMK Financial Presentation 1Q 2014 IFRS Results
  2. Q1 2014 IFRS RESULTS – Oao Tmk – slide 2
    1Q 2014 vs 4Q 2013 Summary Financial Highlights Sales decreased QoQ mainly due to lower volumes of welded Revenue declined QoQ mainly due to lower welded pipe sales pipe and a negative effect of currency translation -6% QoQ -7% QoQ…
  3. Q1 2014 IFRS RESULTS – Oao Tmk – slide 3
    1Q 2014 vs 1Q 2013 Summary Financial Highlights Revenue declined YoY mainly due to lower LDP Sales decreased YoY mainly due to lower volumes as well as a negative effect of currency consumption of LDP translation -3% YoY -15% YoY…
  4. Q1 2014 IFRS RESULTS – Oao Tmk – slide 4
    Recent Developments Contracts awarded In March 2014, TMK and Baker Hughes Incorporated announced their intention to jointly develop integrated well completion solutions. Targeted at both onshore and offshore fields, the solutions will…
  5. Q1 2014 IFRS RESULTS – Oao Tmk – slide 5
    Russian Market Overview Share of Horizontal Drilling is Growing Key Considerations In 1Q 2014, the Russian pipe market decreased by 3% from 30% 28% the prior quarter as a result of seasonal decline of the welded 26% industrial pipe…
  6. Q1 2014 IFRS RESULTS – Oao Tmk – 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 According to Backer Hughes data, in 1Q 2014, the U.S. total 1,800 rig count averaged 1,779…
  7. Q1 2014 IFRS RESULTS – Oao Tmk – slide 7
    1Q 2014 vs 4Q 2013 Sales by Division and Group of Product Sales by Division 840 -4% Russian division sales decreased QoQ mainly due to lower 720 welded industrial and line pipe volumes, as well as weaker 600 consumption of LDP.…
  8. Q1 2014 IFRS RESULTS – Oao Tmk – slide 8
    1Q 2014 vs 4Q 2013 Revenue by Division Revenue Revenue per Tonne* 1,200 1,800 2% -6% 1,000 1,500 -2% 7% 800 1,200 U.S. / tonne U.S. mln 600 -8% 900 1,044 1,627 1,665 981 1,374 1,350 400 600 1,208 1,296 457 -5%…
  9. Q1 2014 IFRS RESULTS – Oao Tmk – slide 9
    1Q 2014 vs 1Q 2013 Sales by Division and Group of Product Sales by Division -8% 840 Russian division sales declined YoY mostly due to lower LDP 720 volumes. Thousand tonnes 600 American division sales increased YoY due to…
  10. Q1 2014 IFRS RESULTS – Oao Tmk – slide 10
    1Q 2014 vs 1Q 2013 Revenue by Division Revenue Revenue per Tonne* 1,400 -23% 2,000 3% -17% 1,200 1,600 24% 1,000 U.S. / tonne 1,200 U.S. mln 800 1,277 600 13% 800 1,624 1,617 1,665 981 1,350 1,296 400 1,042 -15%…
  11. Q1 2014 IFRS RESULTS – Oao Tmk – slide 11
    1Q 2014 vs 1Q 2013 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA Margin 300 20% 19% -38% 250 16% 16% 200 U.S. mln 12% 11% % 150 8% 7% 247 100 5% 6% 153 21% 26% 4% 50 20 24 6 7 0 0% Russia…
  12. Q1 2014 IFRS RESULTS – Oao Tmk – slide 12
    Seamless Core to Profitability U.S. mln QoQ, YoY, 1Q 2014 Gross Profit Breakdown 1Q 2014 (unless stated otherwi se) % % Other Volumes- Pipes, kt 640 4% 2% operations 2% Welded Revenue 977 0% -10% 14% SEAMLESS Gross Profit…
  13. Q1 2014 IFRS RESULTS – Oao Tmk – slide 13
    Working Capital Position as of March 31, 2014 Inventories (Days) Accounts Payable (Days) 100 99 80 97 75 96 73 73 70 64 91 90 90 60 80 40 2010 2011 2012 2013 1Q 2014 2010 2011 2012 2013 1Q 2014 Accounts Receivable (Days)…
  14. Q1 2014 IFRS RESULTS – Oao Tmk – slide 14
    Debt Maturity Profile as of March 31, 2014 1,000 0 As of March 31, 2014, total financial 923 debt amounted to U.S.3,594 mln 800 80% of total financial debt is long- term 0 594 600 Weighted average nominal interest U.S.…
  15. Q1 2014 IFRS RESULTS – Oao Tmk – slide 15
    Debt Profile as of March 31, 2014 U.S.1.1 bn of Undrawn Committed Credit Lines to Cover Debt Breakdown by Source of Borrowings Short-term Debt 900 800 Utilized Credit Facilities 700 Unutilized Credit Facilities 600 Bonds U.S.…
  16. Q1 2014 IFRS RESULTS – Oao Tmk – 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 as a result of horizontal drilling growth and further development of…
  17. Q1 2014 IFRS RESULTS – Oao Tmk – slide 17
    Thank You TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 IRtmk-group.com 19

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