Tatneft-3 · RUS:TATN

Tatneft-3 — Tatneft — Investor Presentation (June 2014)

18 slides from Tatneft-3's investor presentation, June 2014

  1. Slide 1: Presentation to Investors

    Presentation to Investors June 2014 1

  2. Slide 2: Review of Operations

    ? TATNEFT \< Review of Operations

  3. Slide 3: Reserve Base / Crude Oil Production

    Reserve Base / Crude Oil Production Proved Reserves Production Dynamics Crude Oil and Condensate (million bbl) 600 200 550 509 510 510 511 512 516 500 188.2 190 185.6 186.6 187.4 186.0 186.0 450 6,141 5,982 6,193 6,192 6,036 400 180 350 300 170 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013

  4. Slide 4: Sales and Logistics

    Sales and Logistics Crude Oil Sales Refined Products Sales by Destination Market by Destination Market 30 28.1 10.5 Domestic 10 9.4 26.2 CIS Volumes, mln tonnes Volumes, mln tonnes 8 46% 31% 29% 19.6 Non-CIS 42% 20 18.5 8% 8% 6 33% 4.5 3% 32% 3% 18% 3% 4 2.9 51% 10 62% 61% 63% 64% 65% 2 85% 40% 3% 9

  5. Slide 5: Highly Viscous Oil (HVO) Project

    Highly Viscous Oil (HVO) Project 5

  6. Slide 6: HVO Production at Ashalchinskoye field

    HVO Production at Ashalchinskoye field Progress of the Project  145.6 thousand tonnes (more than 1 mln barrels) of bitumen from Ashalchinskoye field produced in 2013  Thirty pairs of parallel horizontal and five single horizontal production wells drilled*  Average daily production at Ashalchinsko

  7. Slide 7: TANECO

    TANECO 7

  8. Slide 8: Operational Results of TANECO in 2013

    Operational Results of TANECO in 2013 Key Results Process Units at TANECO  7.62 million tonnes (54.3 mln barrels) of crude  CDU-VDU-7 – atmospheric and vacuum distillation of oil refined crude oil (nameplate capacity of 7 million tonnes per year, in 2013 achieved processing at 115% of nameplate 

  9. Slide 9: Combined Hydrocracker Unit

    Combined Hydrocracker Unit Refinery Process Schematic in 2014 Process Units  Hydrocracking Unit – hydrogen cracking of feedstock (VGO, heavy coker gas oil) with fractioning – production of diesel fuel, naphtha and kerosene cuts (nameplate capacity of 2.9 million tonnes per year)  Base Oil (Lubes)

  10. Slide 10: Production Plan After Launch of DC in 2015

    Production Plan After Launch of DC in 2015 Expected Process Schematic in 2015 Delayed Coking Role  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

  11. Slide 11: Development of TANECO

    Development of TANECO TANECO Milestones Further Steps* Investments  2005 – decision about the project  2015 – delayed coking (processing  As of 31 December 2013 total implementation of fuel oil) and naphtha hydro- additions to property, plant and treating equipment of TANECO on Tatneft’s  2007 –

  12. Slide 12: IFRS Financial Results Overview

    IFRS Financial Results Overview 12

  13. Slide 13: Consolidated Financial Statements: P&L and Cash Flow

    Consolidated Financial Statements: P&L and Cash Flow Consolidated P&L, RR bn Chg % , 2012 2013 2013/2012 S ales, gross 626.6 646.6 3% Less export duties & excise tax (182.5) (191.6) 5% Revenues, net 444.1 455.0 2% Costs and other deductions 342.4 350.6 2% EBITDA (*) 119.4 123.7 4% EBITDA margin 27%

  14. Slide 14: Cost Dynamics

    Cost Dynamics Lifting Costs Y-o-Y, RR/bbl 251.9 260 240 219.8 220 200.7 200 +14.6% 172.2 180 +9.5% 160 153.5 +16.6% 140 +12.2% 120 100 80 60 40 20 0 2009 avg 2010 avg 2011 avg 2012 avg 2013 avg Lifting Costs, RR per bbl 2013 Capital Expenditures* by Segments, Cost per Barrel Breakdown*, RR/bbl RR bn

  15. Slide 15: Debt Profile

    Debt Profile Debt Profile, RR bn Debt Reconciliation, RR bn 120 100 Debt as at 31.12.2012 70.1 100.6 80 84.8 60 Partial repay ments of $2 bn 57.0 (14.9) 40 f acility 2010 Debt/ EBITDA as of 31 December 2013: 0.40 20 19.8 0 Partial repay ments of $1.5 (2.6) 2010 2011 2012 2013 bn f acility 2009 Short

  16. Slide 16: Revenue and Costs: 2013 vs 2012

    Revenue and Costs: 2013 vs 2012 RR bn 19.4 1.7 2.3 (3.3) (9.2) 444.1 455.0 Revenue Increase by RR 10.9 bn Revenue, net Export Duties & Crude Oil Prices Refined Products Sales Volumes Petrochemicals Revenue, net 2012 Excise taxes Prices and Other Sales 2013 1.3 3.2 2.5 3.0 (1.8) Costs 350.6 342.4 Inc

  17. Slide 17: EBITDA and Net Profit per bbl: 2013 vs 2012

    EBITDA and Net Profit per bbl: 2013 vs 2012 57.8 19.1 9.6 (26.8) (6.8) (15.7) (17.1) EBITDA, 637.4 657.5 Increase by 3.1% RR/bbl EBITDA Revenue, net Purchases Taxes Transport OPEX SGA Other EBITDA 2013 2012 19.1 57.8 (26.8) (6.8) (15.7) (17.1) (8.3) (11.2) (6.7) Net Profit, 392.1 376.4 RR/bbl Decrea

  18. 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

Tatneft — Investor Presentation (June 2014) on 6ix