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TMKANNUAL REPORT 2011
www.tmk-group.com
3 Key eventsLetter to Shareholders
About the Company
TMK Securities Corporate Governance
Corporate Citizenship
Management Discussion
Financial Statements
Major Transactions
contents
TMK PROFILE AND KEY INDICATORS
TMK PROFILE AND KEY INDICATORS
The Company was founded in 2001 and currently integrates production assets in Russia, the United States, Romania and Kazakhstan. TMK includes the Volzhsky Pipe Plant, Seversky Tube Works, Sinarsky Pipe Plant and Taganrog Metallurgical Works, located in Russia, TMK I PSCO, com-prised of 11 production facilities in the United States, and TMK-Artrom and TMK-Resita in Romania. The Company also includes oil service assets: Orsky Machine-Building Plant, Truboplast, Central Pipe Yard and the Pipe Mainte-nance Department, located in Russia, and TMK-Kaztrub-prom, located in Kazakhstan.
The consolidation of production assets and the use of leading scientific and engineering developments has allowed the Company to create a modern technological complex that manufactures high-tech and competitive
products. TMK’s unique production and service capabili-ties allow it to satisfy the demands of a wide range of cus-tomers and offer effective solutions for their operational challenges.
TMK is one of the world’s leading producers of steel pipes, Russia’s largest producer and exporter of pipes and a noted player on the North American market. The Company’s shares are traded on the London Stock Exchange, the OTCQX International Premier trading platform in the United States, and on Russia’s major stock exchange — MICEX-RTS.
1.
OCTG
TMKANNUAL REPORT 2011
www.tmk-group.com
4 Key eventsLetter to Shareholders
About the Company
TMK Securities Corporate Governance
Corporate Citizenship
Management Discussion
Financial Statements
Major Transactions
contents
1.PIPE SALES VOLUMEthousand tonnes
4,000
3,000
2,000
1,000
0
2009 2010 2011
4,1853,962
2,769
REVENUEU.S.$ million
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
2009 2010 2011
3,461
5,579
6,754
NET INCOMEU.S.$ million
400
200
0
-200
-400
2009 2010 2011
385
104
-324
EBITDA and EBITDA margin
1,200
900
600
300
0
20%
15%
10%
5%
0%
2009 2010 2011
1,050
328
9%
16%17%
TMK PROFILE AND KEY INDICATORS
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