Tatneft-3 · RUS:TATN
Tatneft-3 — Tatneft — Investor Presentation (June 2016)
18 slides from Tatneft-3's investor presentation, June 2016
Slide 1: Presentation to Investors June 2016
Copyright © Tatneft, 2016 PRESENTATION TO INVESTORS JUNE 2016
Slide 2: Key Strategic Objectives to 2025
Key Strategic Objectives to 2025 ! Growth of oil production to 30 million tonnes (216 million barrels) per year ! Expansion of oil processing to 14 million tonnes per year with high-quality products output (diesel fuel, naphtha/ gasoline, kerosene, etc.) ! Increase in retail sales of oil and gas pro
Slide 3: Review of Production Base (2015)
Review of Production Base (2015) Oil and Gas Reserves Refining and Marketing Net Reserves ! Refining capability: Reserves Category Crude and Gas, MMcf ! TANECO is the most modern oil refinery in Condensate, MBbls. Russia with the capacity up to 9 Mtpa. Proved Developed Producing 3,508,667 1,015,734
Slide 4: Results of Operations
(raMEET \¢ Results of Operations
Slide 5: Oil Production
Oil Production 2015 Results Production Dynamics 600 200 ! Highest level of production for 23 years 550 532 516 518 194.1 ! Growth in comparison to 2014 – 2.7% 500 190 189.0 ! Production in Tatarstan – 26.7 million tns (including 15.5 450 188.2 million from the Romashkinskoye field), outside of Tatar
Slide 6: Operational Results of TANECO
Operational Results of TANECO Refined products output Key Results (thousand tonnes) ! Crude refining throughput: ! 2015: 8.65 mln tonnes (61.6 mln barrels) 2015 1Q2016 ! 1Q2016: 2.17 mln tonnes (15.5 mln barrels) Middle Distillates 2,586 610 Fuel Oil 2,250 539 ! Current depth of refining – 74.4% (Ru
Slide 7: Sales and Logistics
Sales and Logistics Crude Oil Sales Refined Products Sales by Destination Market by Destination Market 12 11.1 11.1 18.5 20.0 Domestic 10.3 20 18.0 CIS 10 Volumes, mln tonnes Volumes, mln tonnes 55% 15 32% 39% Non-CIS 8 45% 51% 47% 3% 7% 6 3% 10 6% 4% 5% 5.3 4 2.6 65% 4.8 52% 43% 2.6 54% 40% 49% 5 4
Slide 8: Highly Viscous Oil (HVO) Production
Highly Viscous Oil (HVO) Production 8
Slide 9: HVO Production at Ashalchinskoye field
HVO Production at Ashalchinskoye field Information on the Project ! 376,4 thousand tonnes (approx. 2.45 mln barrels) of bitumen from Ashalchinskoye field produced in 2015 and 119.4 thousand tonnes (approx. 0.77 mln barrels) in 2016* ! 332 horizontal wells and 1 vertical well drilled in 2015 and 56 h
Slide 10: TANECO Development
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Slide 11: Delayed Coking Unit
Delayed Coking Unit Delayed Coking Unit and Products ! Delayed Coking Unit – processing of vacuum residue (full 95% depth conversion within the complex) with the production of naphtha, light and heavy coker gas oils and petroleum coke ! Nameplate capacity of the unit – processing of 2 Mtpa of feedst
Slide 12: The Refining Complex Development Plan
The Refining Complex Development Plan Current Works ! Completion of construction of units for naphtha and heavy coker gasoil hydrotreating, isomerization, catalytic reforming and catalytic cracking – improvement of product quality and production of automobile gasoline ! Increase in nameplate capacit
Slide 13: IFRS Financial Results Overview
IFRS Financial Results Overview 13
Slide 14: Consolidated Financial Statements: P&L and Cash Flow
Consolidated Financial Statements: P&L and Cash Flow Consolidated P&L, RR bn Chg % , 2014 2015 3m2015 3m2016 3m2016/ 3m2015 Sales, gross 646.3 657.4 165.7 136.4 -18% Less export duties & excise tax (169.9) (104.7) (30.7) (15.4) -50% Revenues, net 476.4 552.7 135.1 121.0 -10% Costs and other deductio
Slide 15: Cost Dynamics
Cost Dynamics Cost per Barrel Breakdown*, RR/bbl 1,867 1,799 1,669 11% 1,678 Other Costs 1,596 9% 9% 8% 8% 10% 18% 7% 13% Transportation expenses 10% 14% 12% 9% 15% 12% Selling, General and 30% Administrative Expenses 33% 26% 30% 34% Operating Expenses 38% 37% 43% Taxes other than income taxes 37% 2
Slide 16: Revenue and Costs: 3m2016 vs 3m2015
Revenue and Costs: 3m2016 vs 3m2015 15.3 RR bn 9.8 0.3 (30.5) (9.0) 135.1 121.0 Revenue Decrease by RR 14.1 bn Revenue, net Export Duties & Crude Oil Prices Refined Products Sales Volumes Petrochemicals Revenue, net 3m2015 Excise taxes Prices and Other Sales 3m2016 8.5 6.0 (13.2) (1.2) (0.7) Costs 9
Slide 17: EBITDA and Net Profit per bbl: 3m2016 vs 3m2015
EBITDA and Net Profit per bbl: 3m2016 vs 3m2015 270.1 24.9 13.9 (121.4) (285.1) (15.3) (217.7) 950.4 EBITDA, Decrease by 34.8% 619.8 RR/bbl EBITDA Revenue, net Purchases Taxes Transport OPEX SGA Other EBITDA 3m2015 3m2016 24.9 270.1 41.4 13.9 7.6 Net Profit, (121.4) RR/bbl 567.9 (147.1) (285.1) (15.
Slide 18: Important Notice
Important Notice IMPORTANT INFORMATION 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 RESTRICTIONS MAY CONSTITUTE