Slide 1: Tatneft Group IFRS Results 3Q 2021
TATNEFT GROUP IFRS RESULTS 3Q 2021 November 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 76.1 74.1 74.2 74.4 74.4 74.0 73.9 73.6 72.9 72.5 71.5 72.8 72.5 67.0 68.3 63.9 62.6 61.1 54.6 49.5 40.3 43.1 Urals oil price, USD/bbl Ruble to US dollar ex-rate, Ruble/USD Oct.20 Nov.20 Dec.20 Jan.21 Feb.21 Mar.21 Apr.21
Slide 4: Crude Oil Production and Refining Throughput
2 CRUDE OIL PRODUCTION AND REFINING THROUGHPUT 330.0 580.0 554.7 560.0 310.0 545.3 540.0 290.0 511.5 520.0 270.0 500.6 500.0 250.0 480.0 230.0 244.9 460.0 227.2 210.0 220.7 440.0 190.0 203.2 420.0 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Average daily refining throughput (Mbbl) Average daily crude oil produc
Slide 5: TANECO Refinery Production
3 TANECO REFINERY PRODUCTION 3,026 2,761 2,797 2,448 Diesel fuel 949 1,449 Middle distillates 1,363 1,153 Jet fuel 475 104 Automobile gasoline Production volume, th. tonnes 131 187 14 128 Naphtha 123 126 358 282 303 311 Lubricating oil compound and 234 332 275 engine oil 270 176 94 Pet coke 52 154 1
Slide 6: Sales Volumes
4 SALES VOLUMES 4,851 4,681 4,154 4,075 Crude oil sales (th. tonnes) Refined products sales (th. tonnes) 3,634 3,334 3,292 2,882 4Q 2020 1Q 2021 2Q 2021 3Q 2021
Slide 7: 3Q 2021 Sales Volumes by Markets
5 3Q 2021 SALES VOLUMES BY MARKETS Crude oil sales Refined products sales Domestic 67% 52% Export non-CIS 4,851 Export CIS 2,882 th. tonnes th. tonnes 48% 31% 2%
Slide 8: Revenue
6 REVENUE* 327.8 RR 315.2 RR billion billion 261.6 RR billion 141.1 154.1 Crude oil, net 203.3 RR billion 112.8 Refined products, net 86.0 Petrochemicals 138.5 130.6 117.1 Other sales 87.9 Interest income, fee and 17.5 14.6 13.5 15.9 commission income on 14.4 15.6 21.6 10.3 4.5 3.8 4.1 4.0 banking 4
Slide 9: Main Business Costs
7 MAIN BUSINESS COSTS* 232.9 RR billion 188.4 RR billion 141.8 RR billion 139.0 RR 132.1 125.2 billion 96.7 Taxes other then income tax 48.2 OPEX 38.6 48.8 Purchases of crude oil and refined 36.5 38.8 products 25.5 SG&A 28.8 36.9 33.9 22.1 15.5 15.9 15.3 Transportation 9.5 8.6 9.4 8.7 4Q 2020 1Q 202
Slide 10: Key Unit Costs
8 KEY UNIT COSTS 314.6 281.5 277.3 276.3 272.6 251.6 263.7 250.9 4Q 2020 1Q 2021 2Q 2021 3Q 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 30% 90.0 25% 24% 24% 80.0 23% 25% 70.0 20% 60.0 15% 50.0 10% 40.0 76.1 74.8 5% 30.0 66.6 RR, billion 49.4 48.6 52.1 0% 20.0 43.6 10.0 24.9 -5% . -10% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 EBITDA, Adj. Profit attributable to Group shareholders EBITDA (adj.) Margin
Slide 12: Cash Flows
10 CASH FLOWS RR, billion 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Net cash provided by non-banking operating activities after income tax 56.4 57.4 60.9 78.7 and interest, net* Net cash provided by operating 60.1 49.4 52.1 84.7 activities Additions to PP&E (28.8) (17.4) (24.9) (30.4) Free Cash Flow** 31.3 32
Slide 13: 3Q 2021 Capex
11 3Q 2021 CAPEX* 1.3 3.7 6.6 Exploration and production 30.4 Refining and marketing Petrochemicals RR billion Banking (0.03) Corporate and other 18.8 * Additions to property, plant and equipment in the second quarter of 2021
Slide 14: Tatneft EGM to Approve 9M 2021 Interim Dividend
12 TATNEFT EGM TO APPROVE 9M 2021 INTERIM DIVIDEND • EGM Date: 29 December 2021 • Format: absentee voting • EGM Record date: 5 December 2021 • Agenda: - Approve 9m 2021 interim dividend in the amount of RR26.50 per each preferred and ordinary share (RR9.98/share 3Q additional payment) - Approve 10 J
Slide 15: Production Forecast
13 PRODUCTION FORECAST 27.8 mmt Crude oil production 28.3 mmt* Products output at TANECO** 15,365 Diesel fuel 12,164 Automobile gasoline 7,508 Naphtha 5,765 Technological fuel 1,798 Thousand tonnes Petroleum coke 1,450 1,877 Jet fuel 1,310 1,316 819 629 Vacuum gasoil 767 524 225 870 1,367 Other 1,30
Slide 16: Thank you! Tatneft IR
Thank you! Tatneft IR ir@tatneft.net