Tatneft-3 · RUS:TATN
Tatneft-3 — Tatneft — H1 2014 Earnings Presentation
11 slides from Tatneft-3's earnings presentation, September 2014
Slide 1: Presentation to Investors: First Half of 2014 Update
Presentation to Investors First Half of 2014 Update September 2014 1
Slide 2: Review of Operations
(a \< Review of Operations
Slide 3: Crude Oil Production and TANECO Refining output
Crude Oil Production and TANECO Refining output Production Dynamics TANECO Refined Products Output 1H2014 600 200 550 510 510 511 512 516 517 500 188.2 190 In the first half of 2014 TANECO produced 4.15 186.0 186.0 186.6 187.4 million tonnes of refined products, including: 450 400 180 Middle disti
Slide 4: Sales and Logistics
Sales and Logistics Crude Oil Sales Refined Products Sales by Destination Market by Destination Market 30 10.5 28.1 Domestic 10 26.2 9.4 CIS Volumes, mln tonnes Volumes, mln tonnes 8 46% 31% 29% 19.6 Non-CIS 20 18.5 42% 8% 8% 6 33% 5.5 32% 4.5 3% 3% 3% 18% 9.2 4 2.9 44% 10 51% 61% 62% 63% 64% 65% 48
Slide 5: IFRS Financial Results Overview (1H 2014)
IFRS Financial Results Overview (1H 2014) 5
Slide 6: Consolidated Financial Statements: P&L and Cash Flow
Consolidated Financial Statements: P&L and Cash Flow Consolidated P&L, RR bn Chg % , 2012 2013 1H2013 1H2014 1H14/1H13 S ales, gross 626.6 646.6 304.5 328.0 8% Less export duties & excise tax (182.5) (191.6) (93.3) (83.1) -11% Revenues, net 444.1 455.0 211.3 244.9 16% Costs and other deductions 342.
Slide 7: Cost Dynamics
Cost Dynamics Lifting Costs Y-o-Y, RR/bbl 251.9 260 237.1 240 219.8 220 200.7 200 172.2 180 +14.6% 153.5 -6.0% 160 +9.5% 140 +16.6% 120 +12.2% 100 80 60 40 20 0 2009 avg 2010 avg 2011 avg 2012 avg 2013 avg 1H2014 avg Lifting Costs, RR per bbl 1H 2014 Capital Expenditures* by Segments, Cost per Barre
Slide 8: Debt Profile
Debt Profile Debt Profile, RR bn Debt Reconciliation, RR bn 120 100 100.6 Debt as at 31.12.2013 49.3 80 84.8 60 57.0 40 Partial repay ments of $2 bn Debt/ EBITDA as of 30 June 2014: 0.17 20 (4.9) 19.8 f acility 2010 7.2 0 2010 2011 2012 2013 1H 2014 Short-term debt Long-term debt, net of current por
Slide 9: Revenue and Costs: 1H2014 vs 1H2013
Revenue and Costs: 1H2014 vs 1H2013 RR bn 8.9 11.2 10.2 3.7 (0.4) 244.9 211.3 Revenue Increase by RR 33.6 bn Revenue, net Export Duties & Crude Oil Prices Refined Products Sales Volumes Petrochemicals Revenue, net 1H2013 Excise taxes Prices and Other Sales 1H2014 8.8 2.5 3.3 (3.8) (0.5) 165.5 175.8
Slide 10: EBITDA and Net Profit per bbl: 1H2014 vs 1H2013
EBITDA and Net Profit per bbl: 1H2014 vs 1H2013 359.2 40.6 5.4 (13.1) (94.6) (26.6) (13.4) EBITDA, 847.2 589.7 Increase by 43.7% RR/bbl EBITDA Revenue, net Purchases Taxes Transport OPEX SGA Other EBITDA 1H2013 1H2014 359.2 40.6 5.4 (13.1) 3.7 (26.6) (10.9) (94.6) (54.8) Net Profit, 551.1 RR/bbl Inc
Slide 11: 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