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2Q 2015 Investor Presentation – Oao Tmk

Oao Tmk · Aug 20, 2015 · 18 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. 2Q 2015 Investor Presentation – Oao Tmk – slide 1
    PROPRIETARY & CONFIDENTIAL TMK Financial Presentation 2Q and 1H 2015 IFRS Results
  2. 2Q 2015 Investor Presentation – Oao Tmk – slide 2
    2Q 2015 vs 1Q 2015 Summary Financial Highlights Sales decreased QoQ, primarily due to significantly lower Revenue grew QoQ, mainly as a result of higher welded sales in the American division partially offset by stronger pipe sales in the…
  3. 2Q 2015 Investor Presentation – Oao Tmk – slide 3
    1H 2015 vs 1H 2014 Summary Financial Highlights Sales decreased YoY mostly due to weaker sales in Revenue fell YoY mainly as a result of a negative the American division effect of currency translation -6% YoY -23% YoY 2,200 3,000…
  4. 2Q 2015 Investor Presentation – Oao Tmk – slide 4
    Recent Developments Launching new product line In June 2015, TMK-ARTROM, TMKs subsidiary in Romania, commissioned a new workshop to produce precision pipe for the needs of automotive industry and hydraulic cylinder manufacturing with…
  5. 2Q 2015 Investor Presentation – Oao Tmk – slide 5
    Russian Market Overview Growing oil drilling market in Russia Key considerations 12 In 2Q 2015, the Russian pipe market increased by 14% 11 compared to the prior quarter, mainly due to a seasonal 10 growth of the welded industrial…
  6. 2Q 2015 Investor Presentation – Oao Tmk – slide 6
    U.S. Market Overview Drop in rig count followed drop in oil prices Key Considerations Oil Gas Crude Oil WTI Spot 2,400 120 According to Baker Hughes, the average number of rigs in 2Q 2015 fell by 35% compared to the prior quarter…
  7. 2Q 2015 Investor Presentation – Oao Tmk – slide 7
    2Q 2015 vs 1Q 2015 Sales by Division and Group of Product Sales by Division 10% 850 680 Russian division sales increased QoQ, mainly due to higher welded pipe sales, particularly LD pipe volumes. Thousand tonnes 510 845…
  8. 2Q 2015 Investor Presentation – Oao Tmk – slide 8
    2Q 2015 vs 1Q 2015 Revenue by Division Revenue Revenue per Tonne* 28% 2% 1,000 2,000 800 1,600 -8% U.S. / tonne 17% U.S. mln 600 1,200 958 1,809 -54% 1,778 400 800 748 1,134 1,180 1,091 -6% 971 200 400 327 150…
  9. 2Q 2015 Investor Presentation – Oao Tmk – slide 9
    2Q 2015 vs 1Q 2015 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA Margin 19.4% 18.7% 20% 210 23% 20% 16% 180 15% 150 10% 9% 120 U.S. mln 5% 90 179 % 145 0% 60 -22% -5% 30 28 12 9 0 -10% -16 -11%…
  10. 2Q 2015 Investor Presentation – Oao Tmk – slide 10
    1H 2015 vs 1H 2015 Sales by Division and Group of Product Sales by Division 7% 1,700 Russian division sales grew YoY, mostly due to higher LDP 1,360 volumes. Thousand tonnes 1,020 American division sales decreased YoY, mainly…
  11. 2Q 2015 Investor Presentation – Oao Tmk – slide 11
    1H 2015 vs 1H 2014 Revenue by Division Revenue Revenue per Tonne* -15% 6% 2,100 1,800 1,800 1,500 -20% -11% 1,500 1,200 U.S. / tonne U.S. mln 1,200 900 1,788 2,011 -43% 1,688 900 1,706 1,328 1,276 600 1,136 600…
  12. 2Q 2015 Investor Presentation – Oao Tmk – slide 12
    1H 2015 vs 1H 2014 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA Margin 350 8% 21% 19% 18% 300 18% 15% 250 15% 12% U.S. mln 200 12% % 324 150 300 9% 7% 100 -80% 6% 26% 2% 50 3% 58 12 16 20 0 0%…
  13. 2Q 2015 Investor Presentation – Oao Tmk – slide 13
    Seamless Core to Profitability U.S. mln QoQ, YoY, 2Q 2015 Gross Profit Breakdown 2Q 2015 1H 2015 (unless stated otherwise) % % Other 604 1,234 operations Volumes- Pipes, kt -4% -3% 1% Revenue 707 1% 1,405 -28% Welded…
  14. 2Q 2015 Investor Presentation – Oao Tmk – slide 14
    Working Capital Position as of June 30, 2015 Inventories (Days) Accounts Payable (Days) 120 80 75 74 97 101 73 73 96 100 91 90 89 66 80 64 60 60 40 20 0 40 2010 2011 2012 2013 2014 6m 2015 2010 2011 2012 2013 2014 6m…
  15. 2Q 2015 Investor Presentation – Oao Tmk – slide 15
    Debt Maturity Profile as of June 30, 2015 800 As of June 30, 2015, total financial debt amounted to U.S.3,048 mln 700 82% of total financial debt is long- 600 term 500 Weighted average nominal interest rate totalled 9.07% U.S.…
  16. 2Q 2015 Investor Presentation – Oao Tmk – slide 16
    Debt Profile as of June 30, 2015 More than U.S.600 mln of Undrawn Committed Credit Lines to Debt Breakdown by Source of Borrowings Cover Short-term Debt 600 Utilized Credit Facilities 500 Unutilized Credit Facilities Bonds 34%…
  17. 2Q 2015 Investor Presentation – Oao Tmk – slide 17
    Outlook For the full year 2015, TMK expects the LD pipe to remain a major driver in the Russian pipe market, offsetting weaker demand in other pipe segments, in particular, lower consumption of seamless and welded industrial pipe as a…
  18. 2Q 2015 Investor Presentation – Oao Tmk – slide 18
    Thank You TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 IRtmk-group.com 19

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