Investment Case
- Extensive Resource Base
- Higher Refining Marginas a Result of Refinery Upgrades
- New Digital Technologiesin The Petroleum Products Sales Chain
- Managing the Value Chainas a Single Asset
- Operating Efficiency and Industrial Safety Framework Across All Lines of Business
- Flexible Decision Making in Investment Activities
- Ambitious Goals in Environmental Protection and Social Responsibility
- Growing Operating Cash Flow and Dividend Payments
Market valuation
₽ 396
average analyst share target price +23%
upside potential (vs price as at 25 March 2019) Market Capitalisation and Shareholder Return
Consistent growth in dividends
Dividends
35%+
net-profit dividend distribution in 2018 (IFRS) Record-breaking capitalisation
₽ 1.6 tn
market capitalisation As at 31 December 2018
+43%
The Company’s position in the industry
29.0%
EBITDA margin 22.0%
ROE (return on equity) 19.1%
ROACE (return on average capital employed) ₽ 1,540.1
EBITDA per barrel of oil produced 8.35 mt
gasoline production in Russia 3.28 mt
production of aviation fuel in Russia 84.0%
refining depth Based on data by CDU TEK for vertically integrated oil companies. ₽ 799.5 bn
adjusted EBITDA 92.9 mtoe
hydrocarbon production 63.0 mt
crude oil production 39.4 mt
oil refining in Russia