Slide 1: Tatneft Group IFRS Results 4Q and FY 2020
TATNEFT GROUP IFRS RESULTS 4Q AND FY 2020 April 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 in 2020: Urals Oil Price and Ruble/USD Rate
1 MACRO CONDITIONS IN 2020 URALS OIL PRICE AND RUBLE/US DOLLAR EXCHANGE RATE 77.6 77.1 74.8 75.7 73.7 73.8 74.1 72.5 71.3 69.2 64.0 61.8 62.1 54.5 49.5 44.2 44.7 42.1 43.1 40.7 40.3 29.0 30.4 Urals oi l price, USD/bbl 16.3 Ruble to US dollar ex-rate, Ruble/USD January February March April May June J
Slide 4: Crude Oil Production and Refining Throughput
2 CRUDE OIL PRODUCTION AND REFINING THROUGHPUT 569.9 486.8 500.6 468.0 244.7 237.6 218.4 220.7 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Average daily crude oil production (Mbbl) Average daily refining throughput (Mbbl) 2020 to 2019 change in average daily crude oil production: decrease by 75.2 Mbbl 2020 to 2
Slide 5: TANECO Refinery Production
3 TANECO REFINERY PRODUCTION 2,954 2,889 2,761 2,663 Diesel fue l 931 765 796 949 Middle distillates Jet fuel and kerosene 534 761 598 475 Autom obile gasoline Production volume, th. tonnes 201 205 160 Naphtha 312 201 303 282 305 Lubricating oil com pound and 251 229 234 engine oil 157 187 118 89 17
Slide 6: Sales Volumes
4 SALES VOLUMES Crude oil sales (th. tonnes) 4,882 Refined products sales (th. tonnes) 4,154 3,982 3,754 3,509 3,412 3,292 3,068 1Q 2020 2Q 2020 3Q 2020 4Q 2020 2020 to 2019 change in crude oil sales: decrease by 3.3 million tonnes 2020 to 2019 change in refined products sales: increase by 1.3 milli
Slide 7: 4Q 2020 Sales Volumes by Markets
5 4Q 2020 SALES VOLUMES BY MARKETS Crude oil sales Refined products sales Domestic 56% 56% Export non-CIS 36% 4,154 Export CIS 3,292 th. tonnes th. tonnes 41% 8% 3%
Slide 8: Revenue
6 REVENUE* 203.4 RR billion 203.3 RR 191.7 RR billion billion Crude oil, net 83.1 86.0 140.4 RR billion 76.8 Refined products, net 49.0 Petrochemicals 89.3 81.9 87.9 Other sales 63.6 Interest income, fee and 10.4 12.2 16.1 14.6 15.5 commission income on 11.4 12.6 10.3 5.1 4.2 4.3 4.5 banking 1Q 2020
Slide 9: Main Business Costs
7 MAIN BUSINESS COSTS* 151.1 RR billion RR 141.8 billion RR 125.2 billion 67.9 48.2 RR 98.4 billion 43.8 25.7 36.5 Taxe s othe r the n income tax 38.1 36.5 OPEX 35.0 25.5 Purchases of crude and refined 21.9 products 24.8 17.2 SG&A 22.1 13.2 12.1 12.7 Transportation 10.0 8.4 7.6 9.5 1Q 2020 2Q 2020 3
Slide 10: Key Unit Costs
8 KEY UNIT COSTS 277.3 263.8 276.3 253.9 241.4 228.7 224.8 197.5 1Q 2020 2Q 2020 3Q 2020 4Q 20202 Crude oil extraction expenses (RR per barrel) Refining expenses (RR per barrel of crude processed) 2020 to 2019 change in crude oil extraction expenses: decrease by 5.9 RR per barrel 2020 to 2019 change
Slide 11: Group Earnings and Profitability
9 GROUP EARNINGS AND PROFITABILITY 75.0 35% 31% 65.0 30% 55.0 25% 24% 25% 22% 45.0 20% 35.0 58.7 15% 25.0 49.4 44.4 34.8 35.4 10% RR, billion 15.0 24.8 24.7 17.7 5% 5.0 -5.0 1Q 2020 2Q 2020 3Q 2020 4Q 20202 0% EBITDA, Adj. Net Income EBITDA (adj.) Margin Margin on adjusted EBITDA for 2020: 25%
Slide 12: Cash Flows
10 CASH FLOWS RR, billion 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Net cash provided by non-banking operating activities after income tax 60.7 29.6 50.6 56.4 and interest, net* Net cash provided by operating 73.5 17.0 49.8 60.1 activities Additions to PP&E (24.7) (24.7) (26.5) (28.8) Free Cash Flow** 48.8 (7
Slide 13: 4Q 2020 Capex
11 4Q 2020 CAPEX* 3.2 4.4 Exploration and production 28.7 Refining and marketing RR billion Petrochemicals Corporate and other (0.3) 20.8 * Additions to property, plant and equipment in the fourth quarter of 2020
Slide 14: Capex Forecast for 2021
12 CAPEX FORECAST FOR 2021* 4.4 2.5 4.8 20.4 Exploration and Production 8.1 Oil and gas refining Tire business 16.4 110.9 Power Generation RR billion Petrochemicals (excl. tire business) Retail Distribution Network 54.3 Others * Excluding social and corporate investments 1. Please see Forward-lookin
Slide 15: Production Forecast, th. tonnes
13 PRODUCTION FORECAST, TH. TONNES* Oil production 26 411 Oil processing at TANECO 12 888 Diesel fuel Middle distillates 6,395 Main Automobile gasoline product output at 126 Naphtha 1,281 TANECO Petroleum coke 1,485 897 Jet fuel 738 1,489 Other 2021 Forecast * Please see Forward-looking statement an
Slide 16: 2020 Tatneft Group GHG Emissions, mln. tonnes of CO2-eq.
14 2020 TATNEFT GROUP GHG EMISSIONS, MLN. TONNES OF CO2-EQ. Business segment Scope 1 Scope 2 Scope 3* Exploration and Production 1.5 2.0 66.4 Oil and gas refining 0.7 0.9 29.22 Tire business 0.001 0.5 11.77 Power generation 1.9 0.2 - Retail business 0.003 0.036 5.17 Manufacturing 0.012 0.020 - Compo
Slide 17: Thank you!
Thank you! Tatneft IR ir@tatneft.net