Slide 1: Presentation to Investors: 9 months 2014 IFRS Results Update
Presentation to Investors 9 months 2014 IFRS Results Update December 2014 1
Slide 2: Review of Operations
? TATNEFT \< 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 9m2014 600 200 550 510 510 511 512 516 518 In the 9m2014 TANECO produced 6.35 million 500 186.0 186.6 187.4 188.2 190 tonnes of refined products, including: 186.0 450 400 180 ! Middle distillates – 2.0
Slide 4: Sales and Logistics
Sales and Logistics Crude Oil Sales Refined Products Sales by Destination Market by Destination Market 30 10.3 28.1 Domestic 10 26.2 9.4 CIS 8.3 Volumes, mln tonnes Volumes, mln tonnes 8 45% 31% 29% 19.6 Non-CIS 20 18.5 42% 8% 8% 6 33% 13.8 4.5 3% 32% 54% 3% 3% 18% 4 2.9 10 52% 4% 61% 46% 62% 63% 64
Slide 5: IFRS Financial Results Overview (9m 2014)
IFRS Financial Results Overview (9m 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 9m2013 9m2014 9m14/9m13 Sales, gross 626.6 646.6 477.8 499.9 5% Less export duties & excise tax (182.5) (191.6) (143.2) (128.1) -11% Revenues, net 444.1 455.0 334.6 371.8 11% Costs and other deductions 342.
Slide 7: Cost Dynamics
Cost Dynamics Lifting Costs Y-o-Y, RR/bbl 251.9 260 251.6 240 219.8 220 200.7 200 172.2 180 +14.6% 153.5 -0.1% 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 9m2014 avg Lifting Costs, RR per bbl 9m 2014 Capital Expenditures* by Segments, Cost per Barre
Slide 8: Debt Profile
Debt Profile Debt Profile, RR bn Debt Reconciliation, RR bn 120 100 Debt as at 31.12.2013 49.3 80 100.6 84.8 60 57.0 40 Debt/ EBITDA as of 30 September 2014: 0.18 Partial repay ments of $2 bn (7.5) 20 f acility 2010 19.8 0 -7.2 -20 2010 2011 2012 2013 9m 2014 Partial repay ments of $1.5 bn Short-ter
Slide 9: Revenue and Costs: 9m2014 vs 9m2013
Revenue and Costs: 9m2014 vs 9m2013 15.4 1.6 RR bn 15.1 12.1 (7.0) 371.8 334.6 Revenue Increase by RR 37.2 bn Revenue, net Export Duties & Crude Oil Prices Refined Products Sales Volumes Petrochemicals Revenue, net 9m2013 Excise taxes Prices and Other Sales 9m2014 9.9 7.7 8.8 (5.8) (0.9) 254.6 274.3
Slide 10: EBITDA and Net Profit per bbl: 9m2014 vs 9m2013
EBITDA and Net Profit per bbl: 9m2014 vs 9m2013 263.2 41.3 (29.3) 6.6 (71.2) (54.6) (17.4) EBITDA, 799.1 660.5 Increase by 21% RR/bbl EBITDA Revenue, net Purchases Taxes Transport OPEX SGA Other EBITDA 9m2013 9m2014 263.2 41.3 (29.3) 6.6 11.3 (54.6) (71.2) (17.3) (20.9) Net Profit, RR/bbl 520.9 391.
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