Slide 1: Tatneft Group IFRS Results Presentation 2Q 2020
TATNEFT GROUP IFRS RESULTS PRESENTATION 2Q 2020 August 2020
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: Crude Oil Production and Refining Throughput
1 CRUDE OIL PRODUCTION AND REFINING THROUGHPUT 582.4 576.5 569.9 468.0 228.3 232.0 244.7 237.6 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Average daily crude production (Mbbl) Average daily refining throughput (Mbbl) * Converted from tonnes using 7.123 bbl/tonne ratio
Slide 4: TANECO Production
2 TANECO PRODUCTION 2,954 2,889 2,767 2,811 Diesel fuel 931 765 Middle distillates 888 928 Jet fuel and kerosene 534 761 Automobile gasoline 564 525 201 189 Naphtha 205 Production volume, th. tonnes 213 312 284 319 303 Lubricating oil compound 251 228 229 and Engine oil 215 157 186 118 Pet coke 182
Slide 5: Sales Volumes
3 SALES VOLUMES Crude oil sales (th. 5,486 tonnes) Refined products sales 4,868 4,882 (th. tonnes) 3,754 3,351 3,412 3,509 3,197 3Q 2019 4Q 2019 1Q 2020 2Q 2020
Slide 6: Sales Volumes by Markets in 2Q 2020
4 SALES VOLUMES BY MARKETS IN 2Q 2020 Crude oil sales Refined products sales Domestic Export non-CIS 39% 44% 46% 3,754 Export CIS 3,509 th. tonnes 57% th. tonnes 4% 10%
Slide 7: Revenue
5 REVENUE* RR RR 247.5 billion 246.4 billion Crude oil, net RR 203.4 billion 108.7 Refined products, net 121.9 83.1 RR 140.4 billion Petrochemicals 49.0 105.3 Other sales 97.4 89.3 63.6 Interest income, fee 14.0 13.3 10.4 12.2 and commission 8.5 13.6 15.5 11.4 income on banking 5.7 5.5 5.1 4.2 3Q 20
Slide 8: Key Business Costs
6 KEY BUSINESS COSTS RR 153.7 RR 157.6 billion RR billion 151.1 billion 73.0 67.9 82.6 RR 98.4 billion 25.7 Taxes other then income tax 39.5 38.1 OPEX 36.3 35.0 Purchases of crude and refined products 20.7 21.9 11.0 17.2 SG&A 13.6 15.0 13.2 12.1 Transportation 10.2 9.4 10.0 8.4 3Q 2019 4Q 2019 1Q 20
Slide 9: Key Unit Costs
7 KEY UNIT COSTS 289.7 263.8 257.7 241.4 233.7 228.7 204.4 197.5 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Crude oil extraction expenses (RR per barrel) Refining expenses (RR per barrel of crude processed)
Slide 10: Group Earnings and Profitability
8 GROUP EARNINGS AND PROFITABILITY 100.0 40% 90.0 35% 35% 32% 80.0 30% 70.0 25% 25% 60.0 22% 50.0 20% 86.9 40.0 79.0 15% 30.0 59.0 10% 44.4 RR, billion 20.0 34.8 24.8 5% 10.0 19.3 17.7 . 0% 3Q 2019 4Q 2019 1Q 2020 2Q 2020 EBITDA, Adj. Net Income EBITDA (adj.) Margin
Slide 11: Cash Flows
9 CASH FLOWS RR, billion 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Net cash provided by non-banking operating activities after income tax 77.9 59.6 60.7 29.6 and interest, net* Net cash provided by operating 106.2 44.0 73.5 17.0 activities Additions to PP&E (21.9) (34.6) (24.7) (24.7) Free Cash Flow** 84.2 9.
Slide 12: Capex in 2Q 2020
10 CAPEX IN 2Q 2020 1,9 1,3 Exploration and production 8,6 Refining and marketing 24,7 Petrochemicals RR billion Banking (0.1) Corporate and other 12,8
Slide 13: Dividends and EGM
11 DIVIDENDS AND EGM • RR 9.94 per share BoD recommended 1st half 2020 interim dividend • 100% of net income under RAS • Key dates: • EGM 30 September 2020 • EGM record date 6 September 2020 • Dividend record date (proposed) 12 October 2020 Dividend policy When recommending a dividend payment, all f
Slide 14: Thank you!
Thank you! Tatneft IR ir@tatneft.net