IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013

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AGENDA Highlights, Macro Environment, Financials Upstream Downstream Strategy Y2012 IFRS FINANCIAL AND OPERATING RESULTS Alexey Yankevich Member of the Management Board, CFO Vadim Yakovlev Deputy Chairman of the Management Board, First Deputy CEO Vladimir Konstantinov Head of Economics and Investment Department, Refining and Marketing Division Sergey Vakulenko Head of Strategic Planning Department 2
DISCLAIMER This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Gazprom Neft and its consolidated subsidiaries. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Gazprom Neft to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Gazprom Neft and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, inclusively (without limitation): (a) price fluctuations in crude oil and oil products; (b) changes in demand for the Company’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) economic and financial market conditions in various countries and regions; (j) political risks, project delay or advancement, approvals and cost estimates; and (k) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on these forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. Neither Gazprom Neft nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. Y2012 IFRS FINANCIAL AND OPERATING RESULTS 3
Page 1: IFRS FINANCIAL AND OPERATING RESULT
Page 5 and 6: Macro Environment Higher taxes and
Page 7 and 8: Upstream New projects on track, con
Page 9 and 10: INDUSTRY-LEADING GROWTH IN HYDROCAR
Page 11 and 12: DELIVERING 20% HYDROCARBON PRODUCTI
Page 13 and 14: INCREASED ASSOCIATED GAS UTILIZATIO
Page 15 and 16: UPSTREAM PROJECT DEVELOPMENT UPDATE
Page 17 and 18: Downstream Increasing product quali
Page 19 and 20: PRODUCT MIX CONTINUES SHIFT TOWARDS
Page 21 and 22: DOMESTIC AND INTERNATIONAL PREMIUM
Page 23 and 24: PROFIT ERODED BY TAXES AND TARIFFS
Page 25 and 26: EBITDA RECONCILIATION 1Q13 VS. 4Q12
Page 27 and 28: INVESTMENTS SUPPORT STRATEGIC GOALS
Page 29 and 30: 25% PAYOUT RATIO IS EXPECTED IN 201

IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013

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