KTK-CAPEX-Eng-Apr18-12

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  • 1. 2012 - 2016INVESTMENTPROGRAMOJSC “KTK”April 18, 2012Moscowwww.oaoktk.ru/en 1/5
  • 2. KTK AT A GLANCE One of the fastest-growing thermal coal producers in Russia Coal production history with open-pit mine breakdown One of major suppliers of coal in Western Siberia 8.74 In 2011 the Company became 7th largest thermal coal producer in Russia(1) 9 mln. tonnes Since its establishment in 2000, the Company has launched 3 open-pit mines 8 6.80 and developed an extensive production and distribution infrastructure and 7 3.76 6.15 the fourth one is now under construction: 6 5.48 2.55  8.74 mln. tonnes of thermal coal produced in 2011 5 4.33 4.29 4.10 0.98 2.06  100% high-quality grade “D” thermal coal under Russian classification 4 1.76 3.14 1.77 1.65 1.36 1.91 1.44 1.47  Developed railway network and facilities 3 2.29 2.38 0.41  Enrichment plant with 2 mln. tonnes input capacity 2 1.30 3.23 1 2.29 2.38 2.73 2.56 2.64 2.74 2.59 2.65 2.78 3 existing open-pit mines Bryanskiy open-pit mine 0.37 1.30 0 0.37Structural 11 mln. tonnes 3-5 mln. tonnes 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011capacityReserves 402 mln. tonnes of coal resources Karakansky South Vinogradovsky Cheremshansky 250 mln. tonnes according to and 185 mln. tonnes of proven and the C2 category probable reserves(2) Key operating and financial indicators(1) USD mln. 2009 2010 2011 Utilization of modern and high-performance equipment fleet supporting Coal sales, mln. tonnes 7.4 8.54 10.66 efficient low-cost production – USD 22 per tonne of coal incl. purchased coal 1.4 2.16 2.08 Revenue 344 466 814 Diversified sales capabilities balanced between domestic market (4.21 mln. % of growth -2.3% 38.7% 74.7% tonnes sold in 2011) and export markets (6.45 mln tonnes sold in 2011) EBITDA 69 70 133 One of the largest retail coal distribution networks in Western Siberia % margin 20.1% 15.0% 16.3% Net Income 21 27 69 Employing about 4,000 people % margin 6.1% 5.8% 8.5% KTK shares are quoted on RTS and MICEX (ticker: KBTK) Source: audited IFRS FS for 2009-2010 in which all amounts are presented in RUB, Company 65.61% of share capital is owned by the management (I. Prokudin – 50,001%, (1) Metal Expert, January 2012 V. Danilov – 15.61%), free-float – 34.39% is distributed between 25 (2) Run-of-mine coal, JORC classification; (3) In the table USD are converted from RUB using average Central Bank of the Russian Federation investment funds. Individual traders own 0.31% exchange rates for each year (2011: 29.39 RUB/USD; 2010: 30.38 RUB/USD; 2009: 31.77 RUB/USD) 2/5
  • 3. INVESTMENT PROGRAM Investment program(1) in 2011 composed USD 88 mln. net of VAT. The largest Equipment procurement plan investment items included: CAPEX Dec 31, CAPEX  Acquisition of large mining and transport equipment 2011 2011 2012-2016  The construction of the second enrichment plant with 4 mln. tonnes annual capacity Shovels 2 22 15 (3 P&H) (P&H, Komatsu, EO)  The completion of construction fuel and lubricants dump Trucks In 2012-2016 there will be 5 major investment categories: 22 88 64 (BelAZ)  Development of Bryanskiy open-pit mine to start coal production in 2015  Construction of 3 new coal processing and enrichment facilities to improve Dozers 6 20 9 coal quality and raise production efficiency (Komatsu)  Continued procurement of mining equipment to increase production at Loaders the existing open-pit mines 2 34 3 (Komatsu)  Construction of own railway infrastructure to increase capacity from 12 Graders to 16 tonnes per year 1 4 2 (Komatsu, CAT)  Development of company retail network Drill Rigs 1 4 3 (Ingersoll Rand) CAPEX forecast breakdown, 2012-2016(2) 7% 4% 200 4% USD mln. Retail network infrastructure 160 7% 150 9 2 USD 521 Railway infrastructure 128 7 2 8 122 mln. 7 3 5 37 Other 6 10 5 2% 100 11 3 30% 47% 29 72 37 Bryanskiy coal deposit 7 10 5 50 6 6 99 39 16 2 3 Equipment 62 1 56 2 28 32 0 Other infrastructure 2012 2013 2014 2015 2016 Processing and enrichment plants(1) - Figures were converted to USD using the average exchange rate of the Central Bank of the Russian Federation (2011: 29.39 RUB/USD)(2) – Net of VAT, USD figures were converted from RUB using 30.00 RUB/USD exchange rate 3/5
  • 4. PLAN OF PROGRAM IMPLEMENTATION Bryanskiy open-pit mine USD 10 mln. USD 6 mln. USD 11 mln. USD 7 mln. Structural capacity Reserves: 250 mln. tonnes 3 – 5 mln. tonnes Launch: 2015 Investment in infrastructure Coal production 0.5 mln. 1 mln. tonnes tonnes Enrichment plant Enrichment plant Enrichment plant Enrichment plant «Kaskad» «Kaskad- 2» for oxidized coal «Vinograndskaya» Launch: Q3 2010 Launch: Q4 2012 Launch: 2014 Launch: 2016 Capacity: 2 mln. tonnes Capacity: 4 mln. tonnes Capacity: 1 mln. tonnes Capacity: 7 - 8 mln. tonnes Caloric output: 5,300 - 5,750 Caloric output: 5,500 - 5,750 Caloric output: 5,500 Caloric output: 5,500 – 6,000 Cost: USD 27 mln. Cost: USD 81 mln. Cost: USD 28 mln. Cost: USD 155 mln. Technology: steeply-inclined separation Technology: steeply-inclined separation; Technology: reduction of moisture Technology: steeply-inclined separation; dense medium separation dense medium separation 2010 2011 2012 2013 2014 2015 2016 13.30 1515 12.30 14 10.90 10.9510.15 11.10 11.60 13 9.30 9.30 9.96 1210 8.74 11 6.80 10 95 7.80 8.30 8 7.27 7.40 7.32 6.96 7 6.21 60 5 2010 2011 2012F 2013F 2014F 2015F 2016F Production Saleable output Average stripping ratio mln. tonnes 4/5
  • 5. CONTACTSOJSC “Kuzbasskaya toplivnaya company”www.oaoktk.ru/enHead office in Kemerovo:4, 50 let Oktyabrya street, Kemerovo, 650991, RussiaRepresentative office in Moscow:29, Serebryanicheskaya embankment, Moscow, 109028, RussiaEduard AlekseenkoFirst Deputy Chief Executive OfficerT: +7 (3842) 58-58-60 (Kemerovo)E-mail: aev@oaoktk.ruVasily RumyantsevInvestor Relations ManagerТ: +7 (495) 787-68-05 (Moscow)E-mail: vkr@oaoktk.ruSkype: vasily.rumyantsev 5/5