Glossary

Adjusted EBITDA

Adjusted EBITDA is determined as profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortization, foreign exchange (gain)/loss (except for operating gains and losses on accounts receivable and accounts payable), impairment/(reversal of impairment) of non-current assets, movements in allowances and provisions (except for provision for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items

Casing

Steel pipe used to reinforce the walls of a well

COVID-19

Coronavirus infection caused by SARS-CoV-2 coronavirus (2019-nCoV).

CRM

Customer Relationship Management — software for organizations to automate customer interaction strategies

Drill pipe

Threaded seamless steel butted pipe used for well drilling

EAF

Electric arc furnace

HBI

Hot-briquetted iron

IAS

Internal Audit Service

IFRS

International Financial Reporting Standards

KPI

Key performance indicators

LDP

Large diameter pipe

Line pipe

Pipe used in the construction and workover of upstream, transmission and process pipelines

LTIFR

Lost time injury frequency rate

MES

Manufacturing execution system

OCTG

Oil country tubular goods

OHS

Occupational health and safety

RAS

Russian Accounting Standards

Seamless pipe

Pipe manufactured through the insertion of a solid billet in a press or a piercing mill (with subsequent hot or cold working)

TAGMET

JSC Taganrog Metallurgical Works

Tubing

Plain-end steel pipe or steel pipe with externally upset ends for oil and gas well operation

Welded pipe

Pipes made from metal coil, plate, strip or sheet, rolled and welded and manufactured on a tube welding mill

year-on-year

Change in a metric compared to the same period of the previous year