Tatneft-3 · RUS:TATN
Tatneft-3 — PJSC Tatneft — Q1 2017 Earnings Presentation
12 slides from Tatneft-3's earnings presentation, Jun 9, 2017
Slide 1: Tatneft Investor Presentation: 1Q 2017 IFRS Results
Copyright © PJSC TATNEFT, 2017 TATNEFT INVESTOR PRESENTATION 1Q 2017 IFRS Results Moscow 9 June 2017
Slide 2: Important Notice About Forward-Looking Statements and Disclaimer
IMPORTANT NOTICE ABOUT FORWARD-LOOKING STATEMENTS AND DISCLAIMER THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED IN ANY FORM OR FURTHER DISTRIBUTED TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. FAILURE TO COMPLY WITH THESE RE
Slide 3: 1Q 2017 Crude Oil and Refined Products Output
1Q 2017 CRUDE OIL AND REFINED PRODUCTS OUTPUT Crude oil production TANECO refined products output* 1Q 2017 1Q ’16, 1Q ’17, th. MBbl/ chg. to 1Q th.mt th.mt tonnes day 2016 Middle Distillates 610 899 PJSC Tatneft Fuel Oil 539 - 76,2 76,7 Naphtha 436 440 6 792 538 1.0% 74,7 Conventional oil тыс. тонн
Slide 4: Resource Base and Assets
RESOURCE BASE AND ASSETS Crude oil and condensate reserves, MBbls Consolidated Assets* (SPE-PRMS) (under IFRS/US GAAP, RR billion) 394,476 Proved Developed Producing 367 306 Proved Developed 339 Nonproducing 298 2,518,154 3,510,967 147 282 Proved Undeveloped 183 30 131 32 77 1Q 2017 Probable 24 2015
Slide 5: Capex
CAPEX 1Q 2017 Additions to PPE by segments, IFRS (RR bn)* 74,7 72,4 тыс. тыс. тонн в тонн в день день Exploration & Production 1.5 0.5 Refining & Marketing, Other 8.6 Refining & Marketing, TANECO construction 8.7 Petrochemicals 0.1 Others 19.4 RR bn * Based on Consolidated Statement of Cash Flows. F
Slide 6: TANECO Configuration in 2017
TANECO CONFIGURATION IN 2017 IV quarter 2017 (expected) Stable Gas Naphtha (1 700 thous. t/y) Benzene cut (12 thous. t/y) Naphtha splitter Current Launch in 2017 Naphtha HDT CCR Platforming Izomerization MTBE CDU/VDU-7 Motor Gasoline AI – 92 (69 thous. t/y) Gasoline blending Motor Gasoline AI – 95 (
Slide 7: Key Financial Indicators
KEY FINANCIAL INDICATORS* Chg. %, Chg. %, 1Q 1Q (in RR bn) 2014 2015 2016 1Q2017 / 2016 / 2015 2016 2017 1Q2016 Sales, gross 646.3 657.4 665.1 1% 136.4 188.9 39% Export duties & excise tax (169.9) (104.7) (84.9) (19%) (15.4) (22.5) 46% Revenue, net 476.4 552.7 580.1 5% 121.0 166.4 38% Costs and othe
Slide 8: Revenue
REVENUE* 1Q2017 Net Revenue on non-banking activities Net Revenue on non-banking activities by product type, RR bn by product type - dynamics, RR bn 580.1 552.7 476.4 4% 5% 8% 7% 91.6 6% 7% 39% 37% 42% 121.0 166.4 3% 49% 51% 6% 45% 6% 6% 36% 6.2 39% 55% 9.4 59.3 49% 2014 2015 2016 1Q 2016 1Q 2017 Cr
Slide 9: Costs
COSTS* Costs per barrel on non-banking activities breakdown**, RR/bbl 1,975 1,866 1,747 6% Other expenses 1,669 11% 9% 10% 1,501 9% 8% 11% Transportation expenses 9% 7% 13% 9% 13% 14% 10% 27% Selling, General and 13% Administrative expenses 33% 30% 33% Operating expenses 38% 35% 47% Taxes other than
Slide 10: FCF and Debt Profile
FCF AND DEBT PROFILE Debt profile (at period ends), RR bn LT Debt Maturity, RR bn Short-term debt 70 Long-term debt, net of current portion Net Debt 50 10 8 6.0 30 19.8 6 4 1.0 10 2 0.0 0.2 0 2013 2014 2015 2016* 1Q 2017* within 1Y between 1Y & 2Y between 2Y & 5Y after 5Y -10 -12.8 -6.4 -20.1 -30 -2
Slide 11: AGM Proposed Resolutions
AGM Proposed Resolutions • Item 1. Approve the annual report of PJSC Tatneft for 2016. • Item 6. Approve AO PricewaterhouseCoopers Audit (AO • Item 2. Approve the annual financial statements of PJSC PWC Audit) as external auditor of PJSC Tatneft to conduct Tatneft for 2016. mandatory audit of the an
Slide 12: Contacts
Web-site: www.tatneft.ru Contacts: Headquarters: 75, Lenin st., Almetyevsk, Republic of Tatarstan, Russian Federation, 423450 IR. Phone: +7 495 98052 26 E-mail: info@tatneft.net