Слайд 0 - Gazprom

USD bln
60
50
40
30
20
10
0
1.6
1.2
0.8
0.4
0.0
8.4
45.4
Impeccable credit history
14.6
12.1
12
28.6 32.8 34
2009 2010 9m2011LTM 2011E 2012F
Net debt Cash and equivalents Total debt
1.5
Total and net debt (1)
1.0
0.8 0.8 0.8
2009 2010 9m2011LTM 2011E 2012F
Total debt / adjusted EBITDA
48
Max level 1.5-1.7
Main debt ratios
30 Finance - Investor Day 2012
11.6
24.4
Gazprom maintains a comfortable level of debt
9%
7%
5%
3%
1%
2003 2004 2005 2006 2007 2008 2009 2010 9m2011
80
60
40
20
0
Cost of debt financing
Weighted average fixed interest rate
Weighted average floating interest rate
Weighted average interest rate
14.7
35.1
64.7
52.2
2007 2008 2009 2010 9m2011 2012F
1. Data are converted in USD using exchange rate USD 1 = 30.24 RR at the end of 2009, USD 1 = 30.48 RR at the end of 2010, USD 1 = 31.88 at the end of 9m2011
2. Gross interest is calculated as Interest expenses from Operating activities.
Adjusted EBITDA/Gross interest
(2)