Slide 1: Tatneft Group IFRS Results 2Q 2021
TATNEFT GROUP IFRS RESULTS 2Q 2021 August 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 75.7 74.2 74.4 74.4 73.8 74.1 74.0 71.3 72.5 71.5 67.0 63.9 62.6 61.1 54.6 49.5 44.2 44.7 43.1 40.7 40.3 Urals oil price, USD/bbl Ruble to US dollar ex-rate, Ruble/USD Jul.2020 Aug.2020 Sep.2020 Oct.2020 Nov.2020 Dec
Slide 4: Crude Oil Production and Refining Throughput
2 CRUDE OIL PRODUCTION AND REFINING THROUGHPUT 330.0 560.0 545.3 310.0 540.0 290.0 511.5 520.0 500.6 270.0 486.8 500.0 250.0 480.0 230.0 244.9 460.0 227.2 210.0 218.4 220.7 440.0 190.0 420.0 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Average daily refining throughput (Mbbl) Average daily crude oil production (
Slide 5: TANECO Refinery Production
3 TANECO REFINERY PRODUCTION 3,026 2,761 2,797 2,663 Diesel fuel 796 949 1449 Middle distillates 1363 Jet fuel 598 475 104 Automobile gasoline Production volume, th. tonnes 131 187 128 Naphtha 191 123 358 282 305 303 Lubricating oil compound and 234 332 engine oil 187 270 176 94 Pet coke 89 154 168
Slide 6: Sales Volumes
4 SALES VOLUMES 4,681 4,154 Crude oil sales (th. tonnes) 4,075 3,982 Refined products sales (th. tonnes) 3,634 3,292 3,334 3,068 3Q 2020 4Q 2020 1Q 2021 2Q 2021
Slide 7: 2Q 2021 Sales Volumes by Markets
5 2Q 2021 SALES VOLUMES BY MARKETS Crude oil sales Refined products sales Domestic 60% 57% Export non-CIS 4,681 Export CIS 3,634 th. tonnes th. tonnes 41% 39% 2% 1%
Slide 8: Revenue
6 REVENUE* RR 315.2 billion 261.6 RR billion 141.1 Crude oil, net RR 191.7 RR billion 203.3 billion 112.8 Refined products, net 86.0 76.8 Petrochemicals 138.5 117.1 Other sales 81.9 87.9 Interest income, fee and 16.1 14.6 13.5 15.9 commission income on 12.6 10.3 14.4 15.6 4.1 banking 4.3 4.5 3.8 3Q
Slide 9: Main Business Costs
7 MAIN BUSINESS COSTS* 232.9 RR billion 188.4 RR billion 132.1 141.8 RR billion 96.7 125.2 RR billion 48.2 Taxes other then income tax 43.8 OPEX 38.6 36.5 38.8 36.5 Purchases of crude and refined products 25.5 36.9 SG&A 28.8 24.8 22.1 15.5 15.9 Transportation 12.7 7.6 9.5 8.6 9.4 3Q 2020 4Q 2020 1Q
Slide 10: Key Unit Costs
8 KEY UNIT COSTS 281.5 277.3 276.3 272.6 251.6 253.9 250.9 224.8 3Q 2020 4Q 2020 1Q 2021 2Q 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 31% 30% 90.0 24% 25% 24% 25% 80.0 70.0 20% 60.0 15% 50.0 10% 40.0 76.1 5% 66.6 30.0 58.7 49.4 49.2 0% 43.7 RR, billion 20.0 35.4 10.0 24.7 -5% . -10% 3Q 2020 4Q 2020 1Q 2021 2Q 2021 EBITDA, Adj. Net Income EBITDA (adj.) Margin
Slide 12: Cash Flows
10 CASH FLOWS RR, billion 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Net cash provided by non-banking operating activities after income tax 50.6 56.4 57.4 60.9 and interest, net* Net cash provided by operating 49.8 60.1 49.4 52.1 activities Additions to PP&E (26.5) (28.8) (17.4) (24.9) Free Cash Flow** 23.3 31
Slide 13: 2Q 2021 Capex
11 2Q 2021 CAPEX* 2.7 6.6 2.3 Exploration and production 24.9 Refining and marketing Petrochemicals RR billion Banking (0.03) Corporate and other 13.3 * Additions to property, plant and equipment in the second quarter of 2021
Slide 14: Tatneft EGM to Approve 6M 2021 Interim Dividend
12 TATNEFT EGM TO APPROVE 6M 2021 INTERIM DIVIDEND • EGM Date: 30 September 2021 • Format: absentee voting • EGM Record date: 6 September 2021 • Agenda: - Approve 6m 2021 interim dividend in the amount of RR16.52 per each preferred and ordinary share - Approve 12 October 2021 as the dividend record
Slide 15: Thank you! Tatneft IR
Thank you! Tatneft IR ir@tatneft.net