Слайд 0 - Gazprom

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CAPEX structure to provide: . Well-managed CAPEX – Production growth, depending on market requirements – Flexible company strategy in the future Meticulous project prioritization allows rational fund allocation Cash CAPEX wholly financed with operating CF 1. Data are converted in USD using exchange rate USD 1 = 30.36 RR in 2010; USD 1 = 28.3 RR in 2011 and Gazprom’s budget exchange rate forecast for 2012 (USD 1 = 28.7 RR in 2012) 27 Finance - Investor Day 2012 USD bln 60 50 40 30 20 10 0 50 USD bln (1) 34 USD bln (1) 35 USD bln (1) Transportation Power & heat generation Gazprom Group cash CAPEX breakdown 2010 2011E 2012F Gazprom Neft Production Other segments (Including gas storage, gas processing and Gas distribution) Investment policy will allow Gazprom to respond to future market requirements and gas demand
28 1,000 800 600 400 200 0 21.4% 459.2 528.5 -7.2% 12.2% 532.5 672.6 90.0 (3) 582.6 974.1 272.0 (3) 18.7% 10.7% 702.1 2008 2009 2010 2011E 2012F Unit cost of gas production Mineral Extraction Tax (MET) Producer price index Effective cost management Unit cost of gas production (1) RR/1000 cm RR* 1000 cm/100km 60 50 40 30 20 10 0 21.4% 33.6 Unit cost of gas transportation (2) 38.6 -7.2% 12.2% 18.7% 10.7% 40.2 43.0 45.7 2008 2009 2010 2011E 2012F Unit cost of gas production Producer price index 1. Unit cost of gas production per 1000 cm of sale gas among 7 majors Gazprom ‘s subsidiaries . Excludes cost of OAO Gazprom 2. Unit cost of gas transportation includes cost per1000 cm of gas transported 100 km by Gazprom’s gas transportation subsidiaries. Excludes cost of OAO Gazprom. 3. Unit cost increase of gas production due to MET growth Increase in cost of gas production and transportation (excluding one-off MET increase) is in line with current inflation rate Finance - Investor Day 2012
Page 1 and 2: Scale Does Matter Gazprom Investor
Page 3 and 4: 2 Strategy Export Finance Gazprom N
Page 5 and 6: 4 Strategy Part 1. Vlada Rusakova M
Page 7 and 8: 6 6 6:1 5 5:1 4 4:1 3 3:1 2 2:1 1 1
Page 9 and 10: 8 Exploration & Production Develop
Page 11 and 12: 10 Gazprom’s priority projects in
Page 13 and 14: 12 GAS RESERVES (А+В+С1+С2), bc
Page 15 and 16: 14 Gas CAPEX 2012-2030F Structure o
Page 17 and 18: 16 Consumption (monthly), bcm Europ
Page 19 and 20: 18 bcm 900 800 700 600 500 400 300
Page 21 and 22: 20 Export volumes in 2011E 278 m t
Page 23 and 24: 22 USD/mm btu 22 20 18 16 14 12 10
Page 25 and 26: 25 Finance Part 3. Andrey Kruglov D
Page 27: 15% 10% 5% 0% 11% Total sales reven
Page 31 and 32: USD bln 60 50 40 30 20 10 0 1.6 1.2
Page 33 and 34: 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 0.8%
Page 35 and 36: Conclusion Natural gas - the future
Page 37 and 38: 36 Gazprom Neft Part 4. Vadim Yakov
Page 39 and 40: 38 8% organic production growth in
Page 41 and 42: 40 Focus on high margin retail sale
Page 43 and 44: 42 50,000 40,000 30,000 20,000 10,0
Page 45 and 46: 44 6 5 4 3 2 1 0 Source: Gazprom Ne
Page 47 and 48: 46 1 2 3 Rotterdam Yamal peninsula
Page 49 and 50: 48 1. Based on average Broker estim
Page 51 and 52: 50 Operational performance, financi
Page 53 and 54: Part 5. Denis Fedorov 52 Gazprom En
Page 55 and 56: 54 Coal 11% GEH fuel mix Moscow Oil
Page 57 and 58: 56 Cooperation of Gas and Electrici
Page 59 and 60: 58 Sales, RR bln EBITDA, RR bln Net
Page 61 and 62: 60 Completion of the OGK2 and OGK6
Page 63 and 64: 62 Multiples EV/Sales EV/IC 0.9x 0.
Page 65 and 66: 64 491 Value Drivers [3/5]: Capacit
Page 67 and 68: 66 Value Drivers [5/5]: Efficiency
Page 69: Gazprom Energoholding Investor Rela

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