2Q2016 IFRS CONSOLIDATED FINANCIAL RESULTS

Transcription

1 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS AUGUST 3, 26 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS

2 Alexander Ivannikov Head of the Department 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 2

3 DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company ), and comprises the slides for a presentation to investors concerning the Company. This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities representing shares in the Company, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any viewer of this presentation considering a purchase of such securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in the prospectus or other offering document prepared in relation thereto and will be subject to the selling restrictions set out therein. The information in this presentation should not be treated as giving investment advice. Care has been taken to ensure that the facts stated in this presentation are accurate, and that the opinions expressed are fair and reasonable. However, the contents of this presentation have not been verified by the Company. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its members, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in or discussed at this presentation. None of the Company or any of their respective members, directors, officers or employees nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. The information in this presentation includes forward-looking statements, such statements may also occur during the Q&A session.. These forward-looking statements include all matters that are not historical facts, statements regarding the Company s intentions, beliefs or current expectations concerning, among other things, the Company s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties, including, without limitation, the risks and uncertainties to be set forth in the prospectus, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forwardlooking statements contained in this presentation. In addition, even if the Company s results of operations, financial condition and liquidity and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. No person is under any obligation to update or keep current the information contained herein. By attending the presentation you agree to be bound by the foregoing limitations. 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 3

4 SUMMARY OF 2Q26 IFRS FINANCIAL RESULTS RR bn 2q5 vs 2q6 (5%) +5%,763,327 (29%) (7%) (%) Total net sales Adj. EBITDA Net profit Operating CF Free CF Net debt EBITDA adjusted by changes in impairment provisions 2 Profit for the period attributed to owners of PJSC Gazprom 3 Free cash flow is calculated as Net cash provided by operating activities less Capital expenditures 4 Compared to Net debt as of December 3, 25 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 4

5 GAZPROM VS PEERS Top-5 by EBITDA, H26 2 $ mm 5 9,879 5 PetroChina ExxonMobil Petrobras Shell Gazprom Top-5 by net income, H26 9 $ mm 8, Gazprom Total ExxonMobil Novatek Shell Source: Companies reports, Bloomberg, Factset Attributed to shareholders 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 5

6 HYDROCARBON PRODUCTION, ELECTRICITY AND HEAT GENERATION Natural gas production Gas condensate production Crude oil production bcm (6%) mln ton mln ton +% +4% , 84,5 29, 2,9 83, ,7 3,5 4, 4,2 3,7 5 8,9 9,2 9, 9,3 9,3 Electricity generation Heat generation bn kwh mln Gcal +2% (8%) ,5 29,7 4,8 4,4 33, ,8 8,7 39, 48,9 6,5. Includes Russian generating companies: Mosenergo, OGK-2, TGK-, MIPC Calculations may diverge due to rounding. 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 6

7 GAS SALES Russia Europe & OC 2 FSU bcm RR/ mcm 3,493 3,79 3,779 3,873 3, bcm USD/ mcm bcm USD/ mcm VOLUMES AVERAGE PRICE IN RUSSIA VOLUMES AVERAGE PRICE IN EUROPE & OC VOLUMES AVERAGE PRICE IN FSU RR bn (7%) +5% (32%) RR bn RR bn NET SALES TO RUSSIA 3,4 3,4 NET SALES TO EUROPE & OC NET SALES TO FSU Calculations may diverge due to rounding. Net of value added tax (VAT) 2 OC - Other countries: including LNG sales 3 VAT is not charged on sales 4 Net of custom duties and excise tax on gas exports 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 7

8 OIL AND ENERGY BUSINESS Net Sales 2Q25 2Q26 56% 59% CRUDE OIL AND GAS CONDENSATE; REFINED PRODUCTS GAS BUSINESS AND OTHER REVENUES ELECTRIC AND HEAT ENERGY 37% 7% 34% 7% Crude Oil and Gas Condensate; Refined Products (2%) RR bln RR bln Electric and heat energy +5% Calculations may diverge due to rounding. Net of value added tax (VAT), excise tax and custom duties. 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 8

9 CAPITAL EXPENDITURES Cash CapEx H26 Group s CapEx breakdown RR bn ,397 -%,262 +3%, % 724 % 5% 5% 8% 35% m5 6m6 26% USD bn % % 27. TRANSPORT PRODUCTION OF CRUDE OIL AND GAS CONDENSATE PRODUCTION OF NATURAL GAS %.3 REFINING ELECTRIC AND HEAT ENERGY m5 6m6 OTHER CAPEX CapEx breakdown as provided in Management Report 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 9

10 FREE CASH FLOW GENERATION Free Cash Flow generation 25 RR bn 2,742,96 2, ,397,262, m5 6m6 932 Operating Cash Flow Cash Capital Expenditures Free Cash Flow Gazprom self funding 2 6% 52% 4% 25% 24% 25% 29% 2% % % 8% m5 6m6 Free Cash Flow = Net Cash from operating activities Cash CAPEX 2 Net Cash from operating activities /Cash CAPEX 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS

11 KEY DEBT METRICS Total and Net Debt Debt breakdown by currency 5 RUB bn, x,2 4,9,9 3 2,7,6,5,359,322, ,83,65,763,75, m6,6,3, USD 54% Other % RUB 3% EUR 32% NET DEBT CASH&CASH EQUIVALENTS NET DEBT/ADJ.EBITDA LTM Debt maturity profile 2 Cash & equivalents breakdown by currency 26% 33% 32% 25% 22% EUR 9% 33% 9% 36% 36% 42% 42% 3% 5% 4% 7% USD 4% Other 2% 22% 8% 7% 9% 8% m6 RUB 48% LESS THAN YEAR -2 YEARS 2-5 YEARS MORE THAN 5 YEARS Calculated using dollar values of Net debt and EBITDA 2 Excluding promissory notes 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS

12 ADDITIONAL INFORMATION 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 2

13 RUSSIAN NATURAL GAS BALANCE Bcm 2Q25 2Q26 H25 H26 Natural gas resources Domestic gas production Other sources including Central Asian and Azerbaijani gas Gas withdrawn from underground storage in Russia, Latvia and Europe Decrease in the amount of gas within the gas transportation system Natural gas distribution Domestic consumption including needs of the gas transportation system and underground storages Gas pumped into underground storages Gas for LNG production Foreign supplies FSU supplies Increase in the amount of gas within the gas transportation system Source: Company Operating Data 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 3

14 THANK YOU FOR ATTENTION! 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 4