Tmk · RUS:TRMK
Tmk — Q1 2021 Earnings Presentation
16 slides from Tmk's earnings presentation, Jun 8, 2021
Slide 1: Financial Presentation 1Q 2021 IFRS Results
Financial Presentation 1Q 2021 IFRS Results June 8, 2021
Slide 2: Disclaimer
Disclaimer No representation or warranty (express or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein and, accordingly, none of the Company, or any of its shareholders or subsidiaries or any of such person's offic
Slide 3: 1Q 2021 vs. 4Q 2020 Summary Financial Highlights
1Q 2021 vs. 4Q 2020 Summary Financial Highlights Revenue increased QoQ, due to a gradual recovery in business Sales declined QoQ, mainly due to lower sales of large diameter activity, resuming demand in the key sales markets, as well as pipe at the Russian division the consolidation of the results o
Slide 4: 1Q 2021 vs. 1Q 2020 Summary Financial Highlights
1Q 2021 vs. 1Q 2020 Summary Financial Highlights Sales declined marginally YoY, mainly due to lower sales of Revenue increased YoY, due to a gradual recovery in business large diameter pipe, which were compensated by higher sales activity, a resuming demand in the key sales markets, as well as of in
Slide 5: Russian Market Overview
Russian Market Overview Russian pipe market Key considerations 12 1Q 2021 vs. 1Q 2020 10 The Russian pipe market declined by 6% year-on-year. The Non-Energy oil demand decline and subsequent OPEC+ oil production 8 cuts resulted in a reduction in drilling volumes, while the share Mln tonnes of hori
Slide 6: 1Q 2021 vs. 4Q 2020 Results
1Q 2021 vs. 4Q 2020 Results 6
Slide 7: Sales by Division and Product Group
1Q 2021 vs. 4Q 2020 Sales by Division and Product Group Sales by division Russian division sales decreased QoQ, mainly due to the 900 -4% lower sales of large diameter pipe. Thousand tonnes 600 European division sales remained flat QoQ. 300 689 664 46 46 0 Russia Europe 4Q2020 1Q2021 Sales by pr
Slide 8: Revenue by Division
1Q 2021 vs. 4Q 2020 Revenue by Division Revenue Revenue per tonne* 70 000 9% 100 000 13% -2% 60 000 80 000 50 000 60 000 RUB/tonne RUB mln 40 000 30 000 60 863 91 642 55 676 40 000 80 826 81 782 80 441 20 000 11% 20 000 10 000 3 799 4 198 0 0 - Russia Europe Russia Europe 4Q2020 1Q2021 4Q2020 1Q2021
Slide 9: Adjusted EBITDA by Division
1Q 2021 vs. 4Q 2020 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA margin 10 000 12% 15% 8 000 6 000 10% RUB mln % 8 532 14% 14% 4 000 7 644 5% 23% 2 000 58 1% 1% 47 0 0% Russia Europe Russia Europe 4Q2020 1Q2021 4Q2020 1Q2021 Russian division Adjusted EBITDA increased QoQ, mainly due
Slide 10: 1Q 2021 vs. 1Q 2020 Results
1Q 2021 vs. 1Q 2020 Results 10
Slide 11: Sales by Division and Product Group
1Q 2021 vs. 1Q 2020 Sales by Division and Product Group Sales by division Russian division sales decreased YoY, mainly due to 800 -2% lower sales of large diameter pipe at the Russian division. European division sales increased YoY, supported by a Thousand tonnes gradual recovery in demand from
Slide 12: Revenue by Division
1Q 2021 vs. 1Q 2020 Revenue by Division Revenue Revenue per tonne* 19% 70 000 16% 95 000 60 000 -2% 50 000 80 000 RUB/tonne RUB mln 40 000 91 642 30 000 60 863 52 434 65 000 82 150 80 441 77 239 20 000 45% 10 000 2 885 4 198 50 000 0 Russia Europe Russia Europe 1Q2020 1Q2021 1Q2020 1Q2021 * Revenue
Slide 13: Adjusted EBITDA by Division
1Q 2021 vs. 1Q 2020 Adjusted EBITDA by Division Adjusted EBITDA Adjusted EBITDA margin -42% 16000 30% 28% 14000 12000 25% 10000 20% RUB mln 8000 14 694 14% 15% 6000 % 4000 8 532 10% 2000 58 5% 0 1% -22 0% -2000 Russia Europe -1% -5% 1Q2020 1Q2021 Russia Europe 1Q2020 1Q2021 Adjusted EBITDA in the
Slide 14: Debt Maturity Profile as at March 31, 2021
Debt Maturity Profile as at March 31, 2021 1 200 EUR Total debt(1) amounted to RUB 347.5 billion ($4.6 billion*) as 1 134 - at March 31, 2021. 1 100 RUB Net debt(2) amounted to RUB 260.7 billion ($3.4 billion*) as at March 31, 2021. 1 000 USD The weighted average nominal interest rate increase
Slide 15: 2021 outlook
2021 outlook The Group expects demand for OCTG pipe from Russian oil and gas companies to remain stable, supported by the continued development of their existing and new projects, as well as the increased complexity of hydrocarbon production in Russia. A recovery in demand in the machinery sector,
Slide 16: TMK Investor Relations
TMK Investor Relations 40/2a, Pokrovka Street, Moscow, 105062, Russia +7 (495) 775-7600 IR@tmk-group.com