Tatneft-3 · RUS:TATN
Tatneft-3 — PJSC Tatneft — 9M 2017 Earnings Presentation
14 slides from Tatneft-3's earnings presentation, December 2017
Slide 1: Presentation to Investors
Copyright © PJSC TATNEFT, 2017 PRESENTATION TO INVESTORS FY 2017 Projections and Plans for 2018 3Q/9m 2017 IFRS Results Review December 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: Operations, 2017 Preliminary Results, Plans for 2018
OPERATIONS 2017 PRELIMINARY RESULTS PLANS FOR 2018 3
Slide 4: Crude Oil Production: 2017 Preliminary Results and Plans for 2018
CRUDE OIL PRODUCTION: 2017 PRELIMINARY RESULTS AND PLANS FOR 2018 Crude oil production, projections Crude oil production 2017 2018* th. tonnes/ MBbl/ chg. th. tonnes/ MBbl/ chg. year day to 2016 year day to 2017 PJSC Tatneft 74,7 76,2 76,7 Conventional oil тыс. тонн в день тыс. тонн в день 26,963 ты
Slide 5: Refined Products Output: 2017 Preliminary Results and Plans for 2018
REFINED PRODUCTS OUTPUT: 2017 PRELIMINARY RESULTS AND PLANS FOR 2018 Refined products output at TANECO, projections 2017, tonnes 2018*, tonnes Inputs: Crude oil 7,844,848 9,404,557 Vacuum gasoil from third parties 450,652 246,803 Auxiliary materials 380,946 533,132 Total 72,4 raw materials 8,676,446
Slide 6: Investments
INVESTMENTS Funds allocated towards investment program financing FY 2017 Expectations, RR bn 74,7 76,7 2018 Forecast, RR bn 72,4 тыс. тыс. тыс. тонн в тонн в тонн в день день день Production and Production and Development in Tatarstan Development in Tatarstan 4.5 Other P&D (incl. geological 1.7 8.7
Slide 7: 3Q 2017 IFRS Results
ee 3Q 2017 IFRS RESULTS
Slide 8: Key Financial Indicators
KEY FINANCIAL INDICATORS* Chg. %, Chg. %, 2Q 3Q (in RR bn) 2014 2015 2016 2016 / 9m2017 3Q2017 / 2015 2017 2017 2Q2017 Sales, gross 646.3 657.4 665.1 1% 556.3 175.2 192.2 10% Export duties & (169.9) (104.7) (84.9) (19%) (67.2) (22.9) (21.8) (5%) excise tax Revenue, net 476.4 552.7 580.1 5% 489.1 152
Slide 9: Revenue
REVENUE* Net Revenue on non-banking activities by product type - dynamics, RR bn 580.1 552.7 4% 5% 8% 489.1 476.4 7% 4% 6% 7% 7% Other sales 37% 34% 42% 39% Petrochemicals 4% 170.4 4% Refined products sales 152.3 45% 49% 51% 55% 7% 8% 29% 38% Crude oil sales 60% 50% 2014 2015 2016 9m 2Q 3Q 2017 2017
Slide 10: Costs
COSTS* Costs per barrel on non-banking activities breakdown**, RR/bbl 2,227 2,086 2,055 Other expenses 14% 1,866 10% 9% 1,669 1,747 11% 8% 8% 8% Transportation expenses 10% 10% 9% 8% 11% 12% 9% 7% 13% 13% Selling, General and 14% 28% 28% Administrative expenses 28% 30% 33% Operating expenses 33% 43%
Slide 11: Capex and Debt Profile
CAPEX AND DEBT PROFILE 9m 2017 Additions to PPE by segments, IFRS, RR bn* Debt profile (at period ends), RR bn Short-term debt Exploration & Long-term debt, net of current portion 70 Production Net Debt 50 23.7 Refining & Marketing, TANECO construction 30 Refining & Marketing, 10 25.3 Other -10 2014
Slide 12: Corporate Action, Dividend Policy
CORPORATE ACTION DIVIDEND POLICY 12
Slide 13: Shareholders Meeting and Dividends
SHAREHOLDERS MEETING AND DIVIDENDS Extraordinary General Meeting of Shareholders • On 6 November 2017 the Board of Directors: resolved to convene an extraordinary general meeting of shareholders (EGM) recommended to approve the dividend at RR27.78 per each preferred and ordinary share for the 9
Slide 14: 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