Tatneft-3 · RUS:TATN
Tatneft-3 — Tatneft — Q1 2021 Earnings Presentation
15 slides from Tatneft-3's earnings presentation, June 2021
Slide 1: Tatneft Group IFRS Results 1Q 2021
Q TATNEFT Sotto. TATNEFT GROUP IFRS RESULTS 1Q 2021 June 2021
Slide 2: Important Forward-Looking Statement and Disclaimer
IMPORTANT FORWARD-LOOKING STATEMENT AND DISCLAIMER THIS INFORMATION IS PRESENTED TO YOU FOR INFORMATIONAL PURPOSES ONLY AND MAY NOT BE COPIED IN ANY FORM OR MADE AVAILABLE TO THIRD PARTIES, OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE WHATSOEVER. FAILURE TO COMPLY WITH THIS REQUIREMENT MAY BE
Slide 3: Macro Conditions: Urals Oil Price and Ruble/US Dollar Exchange Rate
1 MACRO CONDITIONS URALS OIL PRICE AND RUBLE/US DOLLAR EXCHANGE RATE 77.6 77.1 74.8 75.7 74.2 74.4 74.4 73.8 74.1 72.5 71.3 69.2 63.9 61.1 54.6 49.5 44.2 44.7 43.1 42.1 40.7 40.3 30.4 Urals oil price, USD/bbl 16.3 Ruble to US dollar ex-rate, Ruble/USD Apr.2020 May.2020 Jun.2020 Jul.2020 Aug.2020 Sep
Slide 4: Crude Oil Production and Refining Throughput
2 CRUDE OIL PRODUCTION AND REFINING THROUGHPUT 330.0 520.0 511.5 510.0 310.0 500.6 500.0 290.0 486.8 490.0 480.0 270.0 468.0 470.0 250.0 460.0 450.0 230.0 237.6 227.2 440.0 210.0 218.4 220.7 430.0 190.0 420.0 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Average daily refining throughput (Mbbl) Average daily crud
Slide 5: TANECO Refinery Production
3 TANECO REFINERY PRODUCTION 2,889 2,761 2,797 2,663 Diesel fuel 765 796 949 Middle distillates 1363 Jet fuel and kerosene 761 598 475 Automobile gasoline Production volume, th. tonnes 187 205 160 Naphtha 201 138 303 282 305 303 Lubricating oil compound and 229 234 engine oil 187 270 118 89 176 Pet
Slide 6: Sales Volumes
4 SALES VOLUMES 4,154 4,075 3,982 3,754 Crude oil sales (th. tonnes) Refined products sales (th. tonnes) 3,509 3,292 3,334 3,068 2Q 2020 3Q 2020 4Q 2020 1Q 2021
Slide 7: 1Q 2021 Sales Volumes by Markets
5 1Q 2021 SALES VOLUMES BY MARKETS Crude oil sales Refined products sales Domestic 55% Export non-CIS 45% 4,075 49% Export CIS 3,334 th. tonnes th. tonnes 43% 6% 2%
Slide 8: Revenue
6 REVENUE* RR 261.6 billion RR RR 203.3 billion Crude oil, net 191.7 billion 112.8 Refined products, net RR 86.0 140.4 billion 76.8 Petrochemicals 49.0 117.1 Other sales 81.9 87.9 63.6 Interest income, fee and 12.2 16.1 14.6 13.5 commission income on 11.4 12.6 10.3 14.4 banking 4.2 4.3 4.5 3.8 2Q 20
Slide 9: Main Business Costs
7 MAIN BUSINESS COSTS* 188.4 RR billion 141.8 RR billion 96.7 125.2 RR billion 48.2 RR 98.4 billion 43.8 Taxes other then income tax 25.7 36.5 38.8 OPEX 36.5 35.0 Purchases of crude and refined 25.5 products 28.8 17.2 24.8 SG&A 22.1 12.1 12.7 15.5 Transportation 8.4 7.6 9.5 8.6 2Q 2020 3Q 2020 4Q 20
Slide 10: Key Unit Costs
8 KEY UNIT COSTS 281.5 277.3 263.8 276.3 272.6 253.9 224.8 197.5 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Crude oil extraction expenses (RR per barrel) Refining expenses (RR per barrel of crude processed)
Slide 11: Group Earnings and Profitability
9 GROUP EARNINGS AND PROFITABILITY 100.0 35% 31% 90.0 30% 80.0 25% 24% 25% 25% 70.0 60.0 20% 50.0 15% 40.0 66.6 30.0 58.7 10% 49.4 43.7 RR, billion 20.0 34.8 35.4 5% 10.0 24.7 17.7 . 0% 2Q 2020 3Q 2020 4Q 2020 1Q 2021 EBITDA, Adj. Net Income EBITDA (adj.) Margin
Slide 12: Cash Flows
10 CASH FLOWS RR, billion 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Net cash provided by non-banking operating activities after income tax 29.6 50.6 56.4 57.4 and interest, net* Net cash provided by operating 17.0 49.8 60.1 49.4 activities Additions to PP&E (24.7) (26.5) (28.8) (17.4) Free Cash Flow** (7.8) 2
Slide 13: 1Q 2021 Capex
11 1Q 2021 CAPEX* 1.6 2.2 1.6 Exploration and production 17.4 Refining and marketing Petrochemicals RR billion Banking (0.2) Corporate and other 11.8 * Additions to property, plant and equipment in the first quarter of 2021
Slide 14: Tatneft AGM
12 TATNEFT AGM • AGM Date: 25 June 2021 • Format: absentee voting (e-voting is available for ordinary shares) • ADRs voting cut-off: 17 June 2021, 10am NYC time • Agenda: - 2020 annual report approval - 2020 RAS annual financial statements approval - Distribution of profits, including the dividend p
Slide 15: Thank you!
Thank you! Tatneft IR ir@tatneft.net