FY 2012 Financial Results Presentation April, 2013

Disclaimer

2

The materials contained in this document (together, the “Presentation”) has been prepared by OJSC KOKS (the “Company”) and are given in

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predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and

circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ

materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the

competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Company operates in, as

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55,589

(39,570)

8,283

1,227

(6,251)

45,704

(34,765)

6,107 1,997

(7,718)

-60000

-40000

-20000

0

20000

40000

60000

80000

Revenue Cost of Sales EBITDA Net profit Capex*

2011

2012

1H 2012 Financial and Operational Results

Key Driving Factors and Results

mln RUR

Key Operational Results

Production,

million tonnes

2011

2012

2012 /

2011, %

Pig iron 2.2 2.1 (5)

Coke* 2.7 2.6 (4)

Iron Ore Concentrate 2.3 2.2 (4)

Iron Ore 4.8 4.8 -

Coking coal 1.2 1.6 +29

* Coke 6% moisture content including metallurgical coke, foundry coke, coke nut, coke

breeze, coke dust

3

• 29% increase in captive coal production to compare with 2011

• decrease in pig iron prices compared to 2011

• decrease in coke prices compared to 2011

• raw materials and supplies costs decrease by 22% vs 2011 due to

a decline in coal and iron ore prices and costs optimization

program

• distribution costs decreased by 31% vs 2011 due to changes in the

structure of distribution channels

• 6% total debt increase as of December 31, 2012 vs December 31,

2011

Key Financial Indicators

Source: IFRS consolidated financial information for the 12 months ended 31 December 2012

* Net cash used in investing activities

8,283 6,107

1,734

11,638

25,469

1,350

5,513

24,620 5,105

1,167 4,120

4,585

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000(19%)

8%

10% (31%)

(12%)

FY 2012 Financial and Operational Results (cont.)

Key Financial Highlights EBITDA Bridge, RUR mln

Operating Costs Structure in 2012

*Changes in finished goods and work in progress included; actual decrease in raw materials and supplies vs 2011 is 22%

**Wages and salaries including associated taxes

Revenues Costs

% increase vs 2011

mln RUR

4

millions of RUR

2011

2012

2012/2011, %

Revenue 55,589 45,704 (18)

Cost of Sales (39,570) (34,765) (12)

EBITDA 8,283 6,107 (26)

% Margin 15% 13% -

Profit for the year 1,227 1,997 63

Net Debt 25,386 26,286 4

Adjusted EBITDA* 8,846 6,651 (25)

* Adjusted EBITDA is calculated as earnings before income tax, interest expense, exchange gain/loss, depreciation,

amortization, impairment and other non-cash items.

Decrease in cost of sales, and operating costs including

transportation costs in 2012 vs 2011 was due to:

• decrease of raw material prices

• Increase of captive coal production

• optimization program of production costs

• development of trading operations through third parties

Source: IFRS consolidated financial information for the 12 months ended 31 December 2012

Raw materials and supplies

57%

Wages and salaries including associated taxes

12%

Energy 3%

Distrubution costs 10%

Depreciation & Amortisation

6%

General & Administrative

6%

Taxes other than income tax

1%

Other operating costs 5%

21%

33%

37%

3% 4%

2%

0

20

40

60

80

100

120

2012

Other

IMT

Polema

Ore & Pig iron

Coke

Coal

22%

31%

44%

2% 4%

-3%

-20

0

20

40

60

80

100

120

2011

Other

IMT

Polema

Ore & Pig iron

Coke

Coal

0

10000

20000

30000

40000

50000

60000

2011 2012

IMT, other

Polema

Ore & Pig iron

Coke

Coal

Segmental Overview

External revenue EBITDA by segments

2012 total: RUR 6,107 mln

EBITDA margin*, %

5

mln RUR

Total:

45,704

Total:

55,589

2011 total: RUR 8,283 mln

mln RUR

mln RUR

*Including inter-segment revenue Source: IFRS consolidated financial information for the 12 months ended 31 December 2012

4 %

25 %

56%

3 %

12 % 45 %

3 %

20%

32 %

17

7

12

10

16

8 8

13

0

2

4

6

8

10

12

14

16

18

Coal Coke Ore & Pig iron Polema

2011

2012

11,295 7,217

4,096

3,495

3,299

2,732

1,835

1,668

0

5000

10000

15000

20000

25000

2011 2012

Coke & coking products Pig iron & pig iron productsCoal & concentrate Other

20,525 15,112

35,064

30,592

0

10000

20000

30000

40000

50000

60000

2011 2012

Export

Domestic

Revenue by Products

Domestic Sales* Export Sales*

RUR mln RUR mln

Domestic and Export Sales*

* External revenue

37%

Total:

55,589 Total:

45,704

Total:

35,064

Total:

30,592 Total:

20,525

Total:

15,112

6

63%

67%

33%

RUR mln

Source: IFRS consolidated financial information for the 12 months ended 31 December 2012

55%

20%

16%

9%

48%

23%

18%

11%

4,093 4,715

30,071 25,027

803

448

97

402

0

5000

10000

15000

20000

25000

30000

35000

40000

2011 2012

Coke & coking products Pig iron & pig iron products Chrome & powder metallurgy products Other

12%

86%

2%

15%

82%

2%

1%

Debt Portfolio as of 31.12.2012

Current Debt Maturity Profile

Debt by Currency

Source: Company data based on management accounts

(US$m)

Debt by Creditor

• Confirmed undrawn facilities as of Dec 31, 2012 was RUR 49.3 billion

• Average loan interest rate as of Dec 31, 2012 was 7,08%

Debt by Security Type

7

181

15 39 28

154,7

316

164,6

0

50

100

150

200

250

300

350

400

2013 2014 2015 2016 After 2016

Loans Eurobonds RUR bonds

25%

40%

35% Secured debt

Unsecured

Eurobond56%

44%

USD RUR

35,18%

18,33%

0,02%

28,36%

10,22%

0,87% 7,02%

Eurobonds

RUR bonds

Other indebtness

Sberbank

Unicredit

Bank of Moscow

Gazprombank

Total debt: $899m

Overview of Key Financials

Income Statement Highlights Balance Sheet Highlights

millions of RUR 2011 2012

Revenue 55,589 45,704

Cost of sales* (39,570) (34,765)

Gross profit* 16,019 10,939

Gross profit margin

29% 24%

Operating profit 5,743

3,382

Operating profit margin

10% 7%

Net Income 1,227 1997

Adjusted EBITDA*

8,283 6,651

millions of RUR

December 31,

2011

December 31,

2012

Total Assets 56,618 59,176

Total Liabilities 35,033 36,939

Total Equity 21,585 22,237

Property Plant & Equipment 28,337 33,915

Total Debt 25,566 27,180

Cash & Cash Equivalents** 180 894

Net Debt 25,386 26,286

** Cash & cash equivalents including restricted cash

Cash Flow Highlights

millions of RUR 2011 2012

Profit before income tax 1,728 2,603

Operating cash flows before working capital changes

8,488 6,506

Net cash from operating activities

4,856 7,085

Net cash used in investment activities

(6,251) (7,718)

Net cash (used in) /from financing activities

(1,623) 1,363

8

* Adjusted EBITDA is calculated as earnings before income tax, interest expense, exchange gain/loss, depreciation,

amortization, impairment and other non-cash items.

Source: IFRS consolidated financial information for the 12 months ended 31 December 2012

Appendix

9

500

750 1,000

1,000

-1,500

-1,000

-500

--

500

1,000

1,500

2,000

2,500

3,000

3,500

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Butovskaya, Tikhova: Production & Capex Schedule

10

The completion of the Butovskaya and Tikhova mines are the highest strategic priority for KOKS Group in 2013-2015 that

should bring additional financial stability and value to the Company

In 1H 2013, KOKS Group is expected to start production at its Butovskaya mine (1.5 mln tonnes full capacity) and in 2H

2014 – at its Tikhova mine (3 mln tonnes full capacity of high value hard coking coal grade Zh)

Overall capex plans for 2013 have been reduced by approximately 20-40% from initially planned RUR 9 bn due to

optimisation of contracted cost, as well as focussing on the projects of highest priority

The launch of the Butovskaya and Tikhova mines will have multiple synergetic effects on the operational and financial

performance of the Group due to an optimal combination of available coal grades and the high operating efficiency of

these assets

280

1,000

1,300

-2,000

-1,000

--

1,000

2,000

3,000

4,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Mln RUR

Butovskaya Mine

‘000 tonnes

Tikhova Mine

Mln RUR

1,090-1,990

160-960

460-480

640-790

1,800-2,000

3,150 – 3,450

3,350 – 3,650

1,400-1,600

320-900

180 130 152

506

965

1,700

Development Capex Extraction ‘000 tonnes Development Capex Extraction

2,852

1,966

816

156 330 300