1. INTERPIPE

2. 7LLD09610_Client Screenshow
Disclaimer
The materials contained herein (the “Materials”) have been prepared by Interpipe Limited (the “Company”) and its subsidiaries (the “Group”) solely for use at the presentation to investors on April 18, By accepting the Materials or attending such presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in the Materials until notified by the Company. The information set out herein is subject to updating, completion, revision, verification and amendment and such information may change materially. The Company and its respective affiliates is not under any obligation to update or keep current the information contained in the Materials or in the presentation to which it relates and any opinions expressed in them are subject to change without notice. The Company and its respective affiliates, advisors or representatives shall not have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of the Materials.
The information contained in the Materials has not been independently verified.
The Materials are strictly confidential and do not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any member of its group nor should they or any part of them form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Any person considering the purchase of any securities of the Company must inform itself independently based solely on the Company’s prospectus and any amendments or supplements thereto (the “Prospectus”) before taking any investment decision. The Prospectus, when issued, may contain information different from the information contained in the Materials. The Materials have been made provided to you solely for your information and background and are subject to amendment. The Materials (or any part of them) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person (excluding the relevant person’s professional advisers) or published in whole or in part for any purpose without the prior written consent of the Company. Failure to comply with this restriction may constitute a violation of applicable securities laws.
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7LLD09610_Client Screenshow

3. 7LLD09610_Client Screenshow
Disclaimer
The Materials may include forward-looking statements. These forward-looking statements are statements regarding the Group’s intentions, estimates, forecasts, projections, beliefs or current expectations concerning, among other things, the Group’s results of operations, financial condition, liquidity, prospects, growth, strategies and the steel pipe and railway wheel industries. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Group cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industries in which it operates may differ materially from those expressed, implied or suggested by the forward-looking statements contained in the Materials. In addition, even if the Group’s results of operations, financial condition and liquidity and the development of the industries in which it operates are consistent with the forward-looking statements contained in the Materials, those results or developments may not be indicative of results or developments in future periods. Neither the Company nor the Group undertake to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of the Materials.
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This communication is only directed at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (iii) other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person should not act or rely on this communication or any of its contents. Any investment or investment activity to which these materials relate is available only to Relevant Persons and will be engaged in only with Relevant Persons.
Certain information in this presentation is derived from annual reports of the Group’s competitors. While the Company has accurately reproduced such third-party information, it has not independently verified such information. Further, financial data derived from such third-party information (including EBITDA, cost of goods sold, revenue and ratios based thereon) may be calculated on a different basis from the Company.
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4. 7LLD09610_Client Screenshow
Agenda
Interpipe - presentation
Company overview
Interpipe overview and highlights
Financial overview
Key takeaways
7LLD09610_Client Screenshow

5. Company overview 5

6. 7LLD09610_Client Screenshow
Interpipe at a glance
Key highlights
Key products
Major global producer of seamless pipes, 2nd largest producer of forged railway wheels in the world in 2006
Focused on high-margin products: 79% of revenue in pipe business from seamless segment with 23% EBITDA(1) margin (2007) and 36% EBITDA(1) margin in wheels business (2007)
Year-on-year growth in EBITDA(1) of 17% (2006 to 2007)
Low cost compared to key competitors and vertically integrated
Diversified global customer base
Logistically well connected to key markets in CIS, MENA and Europe
Comprehensive strategy of maintaining cost leadership compared to key competitors, upgrading product portfolio to higher margin products, and growing in attractive markets
Strategic US$1.7 billion investment program under way
OCTG
Line pipe
We are pleased to present our Company Interpipe today.
We are
Special pipes
Railway wheels
EBITDA represents in this presentation Adjusted EBITDA numbers, which are recalculated as profit from operations plus depreciation and amortisation, impairment of assets and loss (gain) on dispositions of property plant and equipment, translation differences and other non-recurring items.
Company overview
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7. Interpipe manufactures a full range of steel pipe products
Seamless pipes
Examples of products
Interpipe produces seamless pipes with:
Diameters measuring from 32mm to 377mm
Wall thickness measuring from 3mm to 60mm
Interpipe seamless product range comprises:
Seamless OCTG, including drill pipe, surface casing, production casing and production tubing
VAM compatible UPJ premium joints
Seamless transportation line pipes
Seamless special application pipes, which include boiler pipes, roller pipes, pipes for submerged pump stations, precision pipes and cold drawn pipes
Seamless industrial pipes
OCTG
Linepipe
Welded pipes
Interpipe produces welded pipes with:
Diameters measuring from 15mm to 1,020mm
Wall thickness measuring from 1mm to 15mm
Interpipe welded product range comprises:
Transportation line welded pipes
Industrial welded pipes
Special pipes
Industrial applications pipes
Company overview
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8. Interpipe is the largest exporter of railway wheels
Overview of wheels products
Examples of products
Interpipe is certified to supply its products to all major wheels markets, for an extensive range of forged wheels used for freight cars, passenger carriages, locomotives and underground trains
Interpipe produces approximately 240 different designs of railway wheels and tyres
According to the European Railway Wheels Association (“ERWA”) Interpipe was the largest exporter of railway wheels worldwide, and the second largest producer of forged railway wheels worldwide in 2006
Interpipe estimates its worldwide market share was 12% by production volume in 2007
Interpipe has a well diversified customer base across 23 countries
Source: ERWA, SCI Verkehr GmbH
Company overview
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9. Interpipe is a global player in the most attractive pipes and wheels markets
In 2007, pipes were sold in 75 countries, wheels – in 23
Russia
US$ 510m (37%)
US$ 52m (14%)
Europe
US$ 119m (9%)
US$ 59m (16%)
Ukraine
US$ 284m (20%)
US$ 211m (57%)
Other CIS
US$ 264m (19%)
US$ 33m (9%)
NAFTA
US$40m (3%)
US$2m (<1%)
MENA
US$ 171m (12%)
US$ 2m (<1%)
We are a global player and are successfully selling our products across the world’s most attractive markets for pipes and wheels including 75 different countries for pipes and 23 countries for wheels
In addition, we are geographically and logistically well connected to serve fastest growing markets such as CIS, MENA and Asia
We aim to develop direct relationships with our customers and that is why we are continuously enlarging our warehousing capabilities
Main Interpipe sales directions:
Region
Wheel revenue (share of wheels revenue)
Pipe revenue (share of pipes revenue)
pipes
wheels
Company overview 9

10. Technology & Energy Company
Different customer concentration for pipes and wheels reflects market structure
Key pipes customers
Key wheels customers
Technology & Energy Company
Share of revenue top 10 customers by revenue- pipes (2007)
Share of revenue top 10 customers by revenue - wheels (2007)
Share of top 10 customers
Share of top 10 customers
25%
64%
Discuss VIP accounts for the important customers
Our customer base in pipes business is highly diversified with top 10 customers accounting only for x% of our sales in 2007
Relatively concentrated customer base in wheels segment, but significant part of sales is already contracted
Approximately 1000 customers
Largest customer, Gazprom neft, accounts for 5% of pipes’ revenue (2007)
Approximately 90 customers
Largest customer, Ukrainian Railways, accounts for 12% of wheels’ revenue (2007)
Company overview 10

11. Integrated business model
Steel production
Pipe & wheel production
Selling to customers globally
100% of steel billets for wheels and 32% for seamless pipes produced internally in 2007
Steel pipes and wheels are produced and sold to internal trading companies
Wheels and pipes sold to end customers and distributors through sales offices and warehouses located in strategic markets
Dneprostal
NTRP
Steel billets produced
Wheels
DOMESTIC SALES
NTRP Open Hearth Furnace
Seamless and welded pipes
Ukraine
Raw materials supplied from outside (pig iron, fero alloys, oil, natural gas, electricity)
NMPP
Kazakhstan
Welded pipes
EXTERNAL SUPPLIERS OF RAW MATERIALS
End customer
INTERPIPE SALES OFFICES
Dneprovtormet Scrap Metal Processing Plant
Russia
LLC Niko Tube
UAE
We have high and increasing level of vertical integration:
100% self-sufficiency in scrap supplied by subsidiary
Our self-sufficiency in steel will increase from ca.50% to almost 100% after EAF implementation completion in 2012
Discuss sales channels
Seamless pipes
USA
Switzerland
Company overview
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12. Interpipe overview and highlights12

13. 7LLD09610_Client Screenshow
19%
We are focused on seamless pipe segment with high margins and high barriers to entry
Pipe segment (2007)
Barriers to Entry
Interpipe Position
EBITDA split
Capital intensive
Two operating plants with total rolling capacity of 1.6 mt per year and finishing capacity of 1.3 mt per year
83%
Seamless
pipes
Welded
pipes
17%
EBITDA margin
Industry and customer certification requirements
Certified by the industry bodies (API, Bureau Veritas, TÜV) and customers (KOC, ADNOC)
23%
17%
Our leading positions in the seamless segment are further protected by the presence of high barriers to entry for potential competitors into the seamless sector
Briefly discuss each barrier and Interpipe position
Know-how barriers
Experienced work force
Welded pipes
Seamless pipes
Interpipe overview and highlights
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14. 7LLD09610_Client Screenshow
Our product line is focused on the dynamically growing and highly profitable Oil & Gas Industry
Sales, 2007
Oil & Gas
(OCTG and linepipe)
Key drivers
Oil prices
Rig count
Scope of drilling
Oil production
Exploration and production Capex
Market
structure
Oil and gas majors
Oil and gas national companies
Small-scale oil and gas companies
Pipeline contractors
Traders and stockists
Briefly describe 3 major consumer groups
Interpipe is focused on highest growth/highest margins Oil & Gas segment
Interpipe overview and highlights
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15. Average monthly wages (2006)
583
We have a strong cost position…
Pipes COGS per ton of sold pipes (2007)(1)
Low cost environment in Ukraine
Electricity costs (2006)
Average monthly wages (2006)
Source: Company accounts for Ukraine, IEA for NAFTA and W. Europe
(1) Average annual wages divided by number of employees
Source: EIU
Maximizing benefits from our favourable location close to strategic markets
Dnepropetrovsk
Russia EU
Middle East
Other CIS
Compact layout of production assets, with all plants within 120 km of headquarters
Major suppliers of raw materials within km
(1) COGS and tonnes (other that with respect to Interpipe) are as presented in the annual report of each company without adjustment, all figures are IFRS based
Source: Companies annual reports
Interpipe overview and highlights 15 15

16. …flexible products delivery worldwide…
Transportation cost advantage through nearby railway junction and sea ports, as well as proximity to key markets such as Russia, Middle East and Europe
Third party inspections can be provided on request by Bureau Veritas, SGS, Bureau Franke, Moody International, Lloyds Register and others.
Interpipe overview and highlights

17. … and high and increasing vertical integration
2.062
… and high and increasing vertical integration
Dneprovtormet fully covers Interpipe’s demand for scrap
Scrap supply and demand (kt/year)
Scrap sourced from a company which will be consolidated into Interpipe
2nd largest scrap processor in Ukraine
Capacity expansion program approved with investments of US$35 million until 2012 targeting the maintenance of full self-sufficiency in view of expected increase in demand by electric arc furnaces (EAF)
2007
2012 target
Vtormet (supply)
OHF (demand)
Vtormet (supply)
EAF (demand)(1)
(1) Based on Danielle contract
Source: Company data
Self-sufficiency in billets close to 50% and increasing further
In-house billet production
4 open hearth furnaces (OHF) with capacity of 750,000 tons of billets per year
In 2012 two electric arc furnaces (EAF) with expected capacity of 2.2 mt of billets per year are expected to be fully operational targeting close to full self-sufficiency
Share of billets produced in-house for seamless pipes and wheels
What further increases Interpipe’s investment attractiveness is our increasing level of vertical integration and therefore ability to further increase margins:
Today our scrap demand is 100% satisfied by the integrated subsidiary called Dneprovtoemnt and will further be 100% satisfied even with the implementation of the EAF in the future through a capital program at Dneprovtoemnt aimed at increasing its capacity
Already mentioned implementation of the EAF will increase our steel billets self-sufficiency from 50% to almost 100% by 2012
We are also looking at other potential opportunities to increase our vertical integration in order not to be depended on world commodity prices for our products
OHF self-sufficiency
2012 target - EAF self-sufficiency(1)
(1) Based on Danielle contract
Source: Company data
Interpipe overview and highlights 17 17

18. A comprehensive strategic investment program is under way
Capital Expenditure*, US$mln.
Focus on oil and gas: OCTG and line pipe
Focus on high margin product
Increase vertical integration
Reduce energy and labor costs
Construction of a new seamless pipes mill** 6
578
Construction of a new EAF mill***
291
387
Upgrade of existing seamless pipes capacities****
116
214
Coating line for welded pipes 9 -
Finishing line for wheels 23
Modernization of scrap processor 11 15
TOTAL
456
1193
We have put in place a coherent investment program aimed to achieve 3 major investment objectives: increase seamless capacity, improve product portfolio and lower cost per ton
Discuss major investment projects: how they correspond to the outlined objectives, estimated costs and timing
* Does not include capital expenditures for Management Information System and capital maintenance
** Final decision of the board has not been accepted yet. Decision of the board is expected in Q
*** Includes a U.S. $ 155 mln. Investments into the second phase of EAF still under discussion. Decision of the board is expected in Q4 2008
**** Includes a U.S. $ 65 mln. for which the final decision of the board has not been accepted. Decision of the board is expected in Q4 2008
Interpipe overview and highlights

19. Best practice corporate governance
…and best practice corporate governance supporting our strategy
Best practice corporate governance
Board of directors is established in compliance with UK Combined Code on Corporate Governance:
3 independent directors (INEDs)
3 BoD committees :Remuneration, Audit and Nomination
Audit and Nomination committees headed by INEDs
Our INEDs have strong and recognized experience:
Nikolay Tsekhomskiy (Chairman of Audit Committee): Big 4 audit experience (Ernst & Young), executive positions in major Russian public companies (MTS, VTB), familiarity with IPO and post-IPO processes
Jean Pierre Saltiel (Chairman of Nomination Committee): executive and supervisory positions in renowned Ukrainian, French and international economic and industrial bodies
Richard P. Norris: executive positions in the oil & gas and mining industries, extensive experience in the areas of tax, treasury, corporate finance and risk management
We have implemented best practice corporate governance standards
Our BoD is established in accordance with UK Corporate Governance Combined Code
Furthermore, investors will have substantial upside potential due to strategic flexibility of current shareholder
Interpipe overview and highlights

20. Corporate structure, ensuring effective and efficient operations
INTERPIPE LLC
100%
20.77%
95.95%
86.47%
72.58%
100%
Saleks Investments Limited
OJSC Interpipe NTRP
OJSC Dneprovtormet
OJSC Interpipe NMPP
LLC Interpipe Niko Tube
Steel One Limited
60%
100%
LLC Interpipe-M
99,9%
12%
LLC Interpipe Management
LLC Dneprosteel
100%
LLC Interpipe Kazakhstan
25.01%
25.01%
30.01%
99,9%
100%
INTERPIPE EUROPE S.A.
CJSC Nikopolsky Reparing Plant
CJSC Nikopolsky Plant of Technological Tools
CJSC Power generation
0,01%
100%
KLW Wheelco S.A.
100%
NORTH AMERICAN INTERPIPE, Inc
100%
Interpipe Middle East
100%
LLC Interpipe Ukraine
Cyprus holding companies
Management company registered in Ukraine
Ukrainian production facilities
Commercial companies (Ukraine, Russia, Kazakhstan, Switzerland, US, UAE)
Central trading entity based in Ukraine
Interpipe overview and highlights
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21. Financial overview 21

22. Strong financial results with 17% growth in EBITDA
Interpipe
Pipes
Wheels
Total
Seamless
Welded
%chg %chg
%chg
%chg
Volumes (kt)
% (1)% %
1,427 1,467 3%
Revenue (US$m)
, % % %
1,442(1) 1,792(1) 24%
EBITDA (US$m)
% % %
375(2) 438(2) 17%
EBITDA margin (%)
25.8% 22.9% 16.1% 16.7%
35.3% 35.9%
26.0% 24.5%
Revenue split (2007)
Revenue from top 5 customers (2007)
We operate in three segments which are seamless pipes, welded pipes and wheels, both forged and casted
This year we were successful in delivering 24% growth in revenue terms and are looking to maintain strong growth rates in the future
Even though from a cost position 2007 was a tough year due to rising raw materials costs, which caused industry-wide decrease in EBITDA margin – we were successful in substantially passing the increased costs to the end customers and succeeded in growing EBITDA number by 17% year on year
Overall, our pipe business is highly diversified with top five customers accounting only for 19% of segment revenue in 2007 and only 20% of revenues coming from the domestic market. We will further strive to diversify our customer base and tap into new geographical markets in the future
Our Wheels business is more dependent on Ukrainian market and largest customers, however ca. x% of sales is already contracted;
One of our most important wheels customer is Ukrainian railways and we successfully agreed with them a 5-year framework agreement
Includes unallocated items of US$13m in 2006 and US$23m in 2007
Includes unallocated items of US$1m in 2006 and US$3m in 2007
Financial overview
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23. 7LLD09610_Client Screenshow
Strong, diversified revenue growth in attractive markets – seamless pipes
Overview
Seamless pipes revenue split
Overall revenue of seamless pipes up by 24%
Fastest growth in strategic markets: Russia (48%) and other CIS countries (45%)
Strong increase in revenues in attractive MEA market by 24%
Maintaining strong position in the domestic market (14% growth)
1,101
+24%
Growth 1%
(40)% 4%
(44)%
15%
24%
891
Other 2% 8%
(6)%
NAFTA 8%
MEA
15%
17%
45%
Europe
10%
Other CIS
14%
39%
48%
Russia
33%
Ukraine
18%
16%
14%
Financial overview
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24. 7LLD09610_Client Screenshow
Focused geographical growth and change in product portfolio – welded pipes
Overview
Welded pipes revenue split
+25%
297
Welded pipes revenue increase by 25%
Focused growth on domestic and other CIS countries in high margin line pipes segment
Increase in welded pipes revenue due to the substitution of general use pipes by higher margin line pipes
Growth
12%
(16)%
237
MEA
Europe
17%
26%
140%
Other CIS
14%
27%
(7)%
Russia
36%
35%
Ukraine
32%
33%
Financial overview
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25. Improved position of the global player - wheels
Overview
Wheels revenue split
+23%
371
Growth
Wheels revenue increase by 23%
Continued growth in revenues on Ukrainian, Russian and European markets
Further penetration into growing Indian market 3%
38%
<1%
(92)%
301
16%
19%
Other 3%
NAFTA 8% 9%
15%
Europe
16%
14%
87%
Other CIS
10%
Russia 9%
57%
31%
54%
Ukraine
Financial overview
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26. Maintaining cost leadership position
Overview
Cost of sales, US$ mln.
We successfully coped with increasing volatility of the steel prices, as well as concentrating our efforts on higher value-added products
Costs under our control were kept within target
We benefited substantially from existing vertical integration into steel in our wheels production.
Growth
+33%
1,243 2% 7% 3% 6% 4%
36% 5% 5%
937 6%
12% 2% 9%
38% 4% 4% 6% 7%
Revenue and Operating cost per ton 9%
71%
39%
68%
-US$8
+US$184
+US$211
+US$184
+US$190
Financial overview
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27. Shareholders’ value in Focus - EBITDA
Overview
EBITDA evolution
EBITDA indicator has witnessed substantial increase both in absolute terms as well as in per tonne terms in 2007
Growth,%
+17%
438
17%
375
EBITDA per ton
30%
25%
28%
11%
32%
10%
+24%
+5%
61%
58%
10%
+31%
Financial overview
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28. Capital structure re-engineering - Gearing
Overview
Significant financial flexibility
Strategic capital expenditure program as well as increased investment into working capital arising from business expansion are adequately financed by external borrowings
Going forward, we are focused on sustaining a controlled level of debt to equity maximizing benefits for the shareholders and keeping financial risks at acceptable level (internal target for gearing 1:1)
Debut Eurobonds issue in 2007 with credit ratings “B+” obtained from Fitch and S&P
Proven record of cooperation with leading financial institutions (both international and local)
The most restrictive of our existing external financial covenants leaves enough flexibility for financial manoeuvre (controlled by internal targets setting):
- Net Debt/EBITDA: max 2.5:1
- Debt/Equity: max 1.5:1
- EBIT/Interest cover: min 4:1
Net debt evolution and cost
Financial overview
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29. Liquidity management
Interpipe objective is to maintain continuity and flexibility of funding. Nearly 60% of liabilities are long term
Financial overview

30. Up to date financial control and reporting
2006
2007
(estimated)
Preliminary IFRS consolidated financial statements
Regular IFRS reporting function established
Management accounts prepared on a monthly basis with actual results reviewed against budget by top management
Full convergence of management accounts and IFRS reporting achieved
Preparation of IFRS accounts on quarterly and annual basis
Financial controlling and reporting procedures upgrade started
IFRS financial statements available within 75 days
Full automation of the MIS reporting function based on Oracle
Financial control formalised in accordance with established best practices
Full fledged internal audit function operating on a regular basis
IFRS financial statements are expected to be available within 60 days
2006
2007
2006
Financial overview
7LLD09610_Client Screenshow 30

31. Key takeaways 31

32. Key investment highlights
Leading market position in an attractive industry
Sustainable cost advantage and high quality earnings
Significant growth prospects
Significant upside in profitability
Major global producer of seamless pipes
High margin seamless segment with high barriers to entry
High margins in stable wheel business
Low cost and vertically integrated
Exposure to fast growing / high margin OCTG market
Platform to tap into highly attractive growth regions
Substantial margin upside through product portfolio upgrade and operational improvements
Comprehensive strategic investment program under way 1 3 5 7 2 4 6 8
Shareholder value driven company
Strong international management team
Best practice corporate governance and focus on shareholder value 9
From a brief description of Interpipe let me turn more specifically now into describing why investors should invest into our Company and be successful at it.
Briefly discuss each investment highlight 10
Key investment highlights 32

33. Thank you for your attention Q&A session33

34. Calculation of adjusted EBITDA (2006)
Wheels
Smls pipes
Welded pipes
Other
Total
Revenue from sales
300,854
891,317
237,213
12,204
1,441,588
Cost of sales
(181,756)
(571,345)
(173,639)
(10,020)
(936,759)
Other operating income
187
2,781 87
551
3,606
Selling and distribution expenses
(10,809)
(85,723)
(22,426)
(258)
(119,217)
General and administrative expenses
(10,762)
(28,414)
(11,952)
(1,743)
(52,871)
Other operating expenses
(2,579)
(21,458)
(7,360)
(24)
(31,420)
Share of profit of associates -
120
Depreciation and amortization
(9,742)
(38,824)
(10,290)
(2)
(58,858)
EBITDA
104,877
226,103
32,214
711
363,905
EBITDA margin, %
34.9%
25.4%
13.6%
5.8%
25.2%
Translation difference and foreign exchange difference
(65)
(193)
(51)
(3)
(312)
Gain/(Loss) on disposal of property, plant and equipment and intangible assets
(1,273)
(3,782)
(788)
(18)
(5,861)
Depreciation and amortization - impairment -
(5,250)
Adjusted EBITDA
106,216
229,957
38,303
731
375,208
adjusted EBITDA margin, %
35.3%
25.8%
16.1%
6.0%
26.0%
Appendix
7LLD09610_Client Screenshow

35. Calculation of adjusted EBITDA (2007)
Wheels
Smls pipes
Welded pipes
Other
Total
Revenue from sales
371,419
1,101,470
296,736
22,418
1,792,042
Cost of sales
(231,002)
(773,759)
(218,419)
(19,616)
(1,242,796)
Other operating income
954
1,685
1,561
2,414
6,614
Selling and distribution expenses
(9,109)
(65,692)
(20,499)
(92)
(95,392)
General and administrative expenses
(9,428)
(39,047)
(11,749)
(824)
(61,048)
Other operating expenses
(9,941)
(15,250)
(2,376)
(917)
(28,483)
Share of profit of associates -
864
Depreciation and amortization
(11,195)
(44,010)
(5,502)
(697)
(61,404)
EBITDA
124,088
254,281
50,755
4,080
433,204
EBITDA margin, %
33.4%
23.1%
17.1%
18.2%
24.2%
Translation difference and foreign exchange difference
240
713
192 15
1,160
Gain/(Loss) on disposal of property, plant and equipment and intangible assets
265
225
920 -
1,410
Holden
(9,896)
One off gain on investment disposal
1,390
Adjusted EBITDA
133,478
252,479
49,643
2,676
438,276
adjusted EBITDA margin, %
35.9%
22.9%
16.7%
11.9%
24.5%
Note: EBITDA is a measure used by the Company to measure operating performance and is not a recognised term under IFRS and does not purport to be an alternative to operating income or cash flow from operations, as an indicator of operating and financial performance. Because companies do not calculate EBITDA identically, our presentation may not be comparable to similarly titled measures of other companies
Appendix
7LLD09610_Client Screenshow