DOCSLIB.ORG

GEARED for GROWTH Annual Review 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GEARED for GROWTH Annual Review 2018 www.sibur.ru/en 01 STRATEGIC REVIEW 02 03 04 05 06 01 GEARED FOR GROWTH Annual Review 2018 Annual Review 2018 02 ABOUT THE REPORT This Annual Report contains information on the essential aspects of SIBUR’s business and development, including its business model and value chain, major assets and infrastructure, key elements of its investment history, development strategy, corporate governance and management, performance and activities aimed at ensuring sustainable development. In addition, in this Annual Report SIBUR strived to reflect the ideas pertaining to rational use of polymers, separate collection and recycling of used plastics based on the principles of the economics of renewable resources. All of the information provided by the Company is solely for information purposes and by reading it, you agree to be bound by the limitations set out below. SIBUR’s Annual Report should not be viewed as investment advice, as it has no regard to the specific investment objectives and contains forward-looking statements based on the current expectations and projections of the Company about future events. Furthermore, there may be material variances between estimated data set forth in this Annual Report and corresponding data previously published by or on behalf of SIBUR. All statements, other than statements of historical fact, contained in the Report are forward- looking statements. The Company may not actually achieve or realise its plans, intentions or expectations and therefore there can be no assurance that SIBUR’s actual results will not differ materially from the expectations set forth in such forward-looking statements. SIBUR’s future performance can be affected by a variety of factors including, but not limited to, the state of the global economy, the ability of the petrochemical sector to maintain levels of growth and development, risks related to petrochemical prices and regional political and security concerns. The Company and its Affiliates are under no obligation to update the information, opinions or forward-looking statements in this Annual Report. To download this Annual Review, please visit our corporate website: http://investors.sibur.com/~/media/Files/ S/Sibur-IR/reports/SIBUR-AR-2018-RU.pdf Annual Review 2018 www.sibur.ru/en 01 STRATEGIC02 REVIEW 03 02 04 03 05 04 06 05 06 03 CONTENTS SIBUR at a Glance 04 03 SUSTAINABILITY REVIEW 80 Application of Our Petrochemicals 06 What Does Sustainable Development 82 Business Model 10 Mean for SIBUR? 2018 Highlights 14 Environmental protection 86 Health and Safety 90 01 STRATEGIC REVIEW 16 Employees 92 Q&A with Dmitry Konov, 18 Communities and Society 94 Chairman of the Management Board Investment Case 22 04 CORPORATE GOVERNANCE 96 Growth Strategy 28 Corporate Governance Structure 99 2018 Operating Environment 36 Board of Directors 100 2018 Group Results Overview 38 Corporate Secretary 112 Management Board 113 02 BUSINESS REVIEW 40 Anti-corruption Policies 116 Map of Operations 42 and Compliance Our Business 44 Information for Shareholders 118 Feedstock 46 Risk Management 120 Midstream 48 Olefins & Polyolefins 54 05 FINANCIAL INFORMATION 126 Plastics, Elastomers & Intermediates 58 Value Chain 66 06 ADDITIONAL INFORMATION 245 Production Flows 68 Transportation & Logistics 70 Continuous Pursuit of Operational 73 Excellence State-of-the-Art Planning System 74 Research and Development 75 Digital Transformation Programme 76 Stakeholders 78 Annual Review 2018 04 SIBUR at a Glance SIBUR is a leader in the Unique Robust financial infrastructure performance Russian petrochemicals and production base and large expansion industry with excellent projects drive value- km accretive growth opportunities for long- 2,700 term growth and value OF PIPELINES AVERAGE EBITDA MARGIN FOR FEEDSTOCK OF creation. Our balanced TRANSPORTATION business model enables 35% OVER LAST 3 YEARS us to deliver resilient Largest (30%+ on average since 2010) financial performance and PETROCHEMICALS COMPANY IN RUSSIA AND THE CIS best-in-class margins. TRANSFORMATIONAL ZAPSIB INVESTMENT PROJECT WORTH We purchase hydrocarbon by-products of oil Consistent $ billion and gas extraction and process them into environmental high value-added polymer goods, including benefits 9 plastics, elastomers and other materials with total capacity of 3 that help to drive technological progress and billion m million tonnes improve the quality of people’s lives around >22 2 the world. OF PETROLEUM GASES of PE and PP that would otherwise have As a result SIBUR also helps to reduce been flared by oil companies, TO BE COMPLETED IN 2019 causing harmful emissions, are CO2 emissions stemming from the burning of oil extraction by-products, such as processed each year associated petroleum gas (APG), by recycling them instead. In 2018, SIBUR processed 22.3 billion m3 of APG thus cutting greenhouse emissions by 72 million tonnes, Balanced Strong team which is equivalent to the annual CO2 business model and stakeholder footprint of a middle-sized European country. ensures stable community performance >26,000 Three EMPLOYEES See APPLICATION OF OUR COMPLEMENTARY PETROCHEMICALS, p. 06 BUSINESS SEGMENTS provide for consistent >1,400 performance in terms CUSTOMERS IN of spreads and margins 80 COUNTRIES WORLDWIDE Annual Review 2018 www.sibur.ru/en 01 02 03 04 05 06 05 2018 HIGHLIGHTS REVENUE EBITDA RUB 569 bln / RUB 201 bln / $9.1 bln $3.2 bln (2017: RUB 455 bln / $7.8 bln) (2017: RUB 161 bln / 2.8 bln) INVESTED IN HIGH-QUALITY EBITDA GROWTH OVER 10 YEARS – MARGIN RUB bln / 853 35% $19 bln (2017: 35%) LOST TIME INJURY NET DEBT/ FREQUENCY RATE (LTIF) EBITDA 0.37x 1.58x (2017: 0.36x) (2017: 1.64x) INVESTMENT-GRADE CREDIT RATINGS MOODY'S FITCH S&P Baa3 BBB- BBB- STABLE OUTLOOK STABLE OUTLOOK STABLE OUTLOOK 2018 REVENUE BREAKDOWN BY SEGMENT AND GEOGRAPHY 1 5 4 10 18 31 59 42 30 In RUB terms as of Russia 59% Olefins & Polyolefins 18% 31 December 2018. In June 2019, Fitch Europe 31% Plastic, Elastomers and Intermediates 30% upgraded SIBUR’s rating Asia 5% Midstream 42% from BB+ to BBB- with stable outlook. CIS 4% Other 10% Assigned in August 2019. Other 1% Annual Review 2018 06 Application of Our Products 1 Bumpers (polypropylene) Normal saline containers Strong, lightweight, and 7 (polypropylene) mouldable, plastics 2 Artificial leather (PVC) are used in thousands Medical tourniquets 8 (rubber) of products that add Soundproofing 3 convenience, comfort and (polyethylene) safety to our everyday 9 Utilities (natural gas) lives. 4 Tyres (rubber) 10 Bottles (PET) Cooling and antifreeze 5 liquids (glycols) Plastic tableware 11 (polypropylene) Olefins & Polyolefins 6 Syringes (polypropylene) 17 Plastics & organic synthesis products Elastomers Midstream 18 7 6 8 16 20 15 14 19 13 5 10 24 22 11 2 3 12 23 1 9 4 21 Annual Review 2018 www.sibur.ru/en 01 02 03 04 05 06 07 Home appliances Heat insulation (EPS) Window profiles and sills (PVC) 12 16 20 (polypropylene) Roof moisture and vapour Geoweb and geotextiles Food packaging 17 sealing (polypropylene) 21 (polypropylene) 13 (polypropylene, polyethylene) Roofing materials (PVC Greenhouses and hotbeds Pipes and fittings 18 membrane, SBS) 22 (polypropylene) 14 (polypropylene, polyethylene, PVC) 19 Siding (PVC) 23 Seedling pots (polypropylene) 15 Wallpaper and linoleum (PVC) Motor fuel (methane, propane, 24 butane) 17 18 7 6 8 16 20 15 14 19 13 5 10 24 22 11 2 3 12 23 1 9 4 21 Annual Review 2018 08 Application of Our Petrochemicals What do recycling symbols mean? Plastic has been successfully EACH TYPE OF PLASTIC HAS A LABEL THAT integrated into the HELPS USERS UNDERSTAND ITS PROPERTIES: model of a circular economy, as 100% 1 2 3 4 5 6 7 of it can be recycled and reused for the РЕТ/РЕТЕ HDPE V LDPE PP PS/EPS OTHER Polyethylene terephthalate High-density polyethylene Polyvinyl chloride Low-density Polypropylene Polystyrene production of new (PVC) polyethylene items. The safety of each type of plastic is confirmed by relevant certificates and studies. PROPERTIES AND SAFETY High barrier properties High endurance and Safe for household and High endurance and High endurance and Can be used in disposable Items made of other chemical resistance industrial use chemical resistance chemical resistance packaging for cold food plastics or multilayer Resistant to sunlight packaging Can withstand Toxic only if burnt Heating or storing hot Microwavable Heating or storing hot Heating to temperatures temperatures up to 90°C (heating is safe) food not recommended food not recommended above 60°C not Freezable recommended Not microwavable Not microwavable Microwave- and oven-safe if so labelled Reuse not recommended RECYCLED PLASTICS CAN BE USED TO MAKE NEW ITEMS: Great recycling potential Good recycling potential Poor recycling potential Good recycling potential Good recycling potential Limited recycling potential Poor recycling potential Annual Review 2018 www.sibur.ru/en 01 02 03 04 05 06 09 1 2 3 4 5 6 7 РЕТ/РЕТЕ HDPE V LDPE PP PS/EPS OTHER Polyethylene terephthalate High-density polyethylene Polyvinyl chloride Low-density Polypropylene Polystyrene (PVC) polyethylene PROPERTIES AND SAFETY High barrier properties High endurance and Safe for household and High endurance and High endurance and Can be used in disposable Items made of other chemical resistance industrial use chemical resistance chemical resistance packaging for cold food plastics or multilayer Resistant to sunlight packaging Can withstand Toxic only if burnt Heating or storing hot Microwavable Heating or storing hot Heating to temperatures temperatures up to 90°C (heating
Load more

Recommended publications
  • IMPORTANT NOTICE IMPORTANT: You Must Read the Following Before Continuing. the Following Applies to the Prospectus Following
    IMPORTANT NOTICE IMPORTANT: You must read the following before continuing. The following applies to the prospectus following this page (the "Prospectus"), and you are therefore advised to read this carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information as a result of such access. This Prospectus is valid for 12 months from its date. SIBUR Securities DAC (the "Issuer") will, in the event of any significant new factor, material mistake or inaccuracy relating to information included in this Prospectus which is capable of affecting the assessment of the Notes and arises or is noted between the date of this Prospectus and the time at which the Notes are admitted to trading on the Regulated Market (as defined below), prepare a supplement to this Prospectus. The obligation to prepare a supplement to this Prospectus shall not apply following the time at which the Notes are admitted to trading on the Regulated Market. THE PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED OTHER THAN AS PROVIDED BELOW AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. THE PROSPECTUS MAY ONLY BE DISTRIBUTED OUTSIDE THE UNITED STATES IN ACCORDANCE WITH REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR WITHIN THE UNITED STATES TO QIBs (AS DEFINED BELOW). ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THE PROSPECTUS IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
    [Show full text]
  • US Sanctions on Russia
    U.S. Sanctions on Russia Updated January 17, 2020 Congressional Research Service https://crsreports.congress.gov R45415 SUMMARY R45415 U.S. Sanctions on Russia January 17, 2020 Sanctions are a central element of U.S. policy to counter and deter malign Russian behavior. The United States has imposed sanctions on Russia mainly in response to Russia’s 2014 invasion of Cory Welt, Coordinator Ukraine, to reverse and deter further Russian aggression in Ukraine, and to deter Russian Specialist in European aggression against other countries. The United States also has imposed sanctions on Russia in Affairs response to (and to deter) election interference and other malicious cyber-enabled activities, human rights abuses, the use of a chemical weapon, weapons proliferation, illicit trade with North Korea, and support to Syria and Venezuela. Most Members of Congress support a robust Kristin Archick Specialist in European use of sanctions amid concerns about Russia’s international behavior and geostrategic intentions. Affairs Sanctions related to Russia’s invasion of Ukraine are based mainly on four executive orders (EOs) that President Obama issued in 2014. That year, Congress also passed and President Rebecca M. Nelson Obama signed into law two acts establishing sanctions in response to Russia’s invasion of Specialist in International Ukraine: the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Trade and Finance Ukraine Act of 2014 (SSIDES; P.L. 113-95/H.R. 4152) and the Ukraine Freedom Support Act of 2014 (UFSA; P.L. 113-272/H.R. 5859). Dianne E. Rennack Specialist in Foreign Policy In 2017, Congress passed and President Trump signed into law the Countering Russian Influence Legislation in Europe and Eurasia Act of 2017 (CRIEEA; P.L.
    [Show full text]
  • Annual Report for 2012
    Annual Review SIBUR-KHIMPROM VORONEZHSINTEZKAUCHUK VYNGAPUROVSKIY GAS PROCESSING PLANT WWW.SIBUR.COM Content ANNUAL REVIEW SIBUR 2012 REVIEW ANNUAL 2012 HIGHLIGHTS 4 CHAIRMAN AND CEO STATEMENTS 6 Chairman’s Message ................................................................................................ 6 CEO Letter .................................................................................................................. 7 SIBUR AT A GLANCE 10 What We Do .............................................................................................................12 How We Do It .......................................................................................................... 18 Where We Do It ....................................................................................................... 20 Why We Do It .......................................................................................................... 22 STRATEGY 26 Our Strategy ............................................................................................................ 28 Investment Programme ........................................................................................... 30 Partnership with Leading World Producers ............................................................ 35 BUSINESS 36 Products and Markets ............................................................................................. 38 Production Capacity and Utilisation ........................................................................ 48 Transportation
    [Show full text]
  • Sustainability Openness Responsibility
    SUSTAINABILITY OPENNESS RESPONSIBILITY Sustainability Report 2017 THE COMPANY STRATEGY AND GOVERNANCE CREATING VALUE SAFE PRODUCTION HUMAN CAPITAL CONTRIBUTIONLOCAL COMMUNITIESTO THE DEVELOPMENT The new reality The fourth industrial revolution that CHEMICAL INDUSTRY’S TRENDS: gave rise to the advent of Industry 4.0, has become one of the world’s most discussed topics of 2017. It is getting increasingly harder to ignore the fact that boundaries between the physical, the digital and the biological worlds are getting blurred with the spread AUTOMATION SENSORS of AI, Internet of things, self-driving AND ROBOTICS RECORDING PHYSICAL OPERATING vehicles, 3D printing, nanotechnologies, SOFTWARE AND HARDWARE PARAMETERS (OF MACHINES, biotechnologies, and quantum ROBOTS OPERATING ALONE THE ENVIRONMENT, ETC.) computers. Fundamental changes that OR INTERACTING WITH HUMANS AND TRANSMITTING DATA will inevitably transpire in the wake of the fourth industrial revolution are going to affect all areas of business and require that new forms and methods of operation 2 be put in place as business models undergo a radical transformation. IOT MOBILITY AND DEVICES Petrochemistry has traditionally relied CONNECTING SMART SENSORS, A COMBINATION OF NETWORKS, heavily on science and advanced DEVICES AND EQUIPMENT DEVICES, AND SOFTWARE ALLOWING technologies. That being so, new TO THE NETWORK TO STAY ONLINE AT ALL TIMES approaches and technologies will make it possible to transform all production, THE NEW REALITY NEW THE logistics, and business processes, and to reach new levels of efficiency. Transformations are going to affect not This new phase in technological and just processes but also work conditions economic development does not just at petrochemical facilities. Automation present new opportunities but is also and introduction of digital tools will fraught with new risks.
    [Show full text]
  • Introduction and H1 2012 Financial Results
    SIBUR Introduction and H1 2012 Financial Results Investor Presentation October 2012 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this presentation, or by reading these presentation slides, you agree to be bound by the limitations set out below. This presentation does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of, or be relied on in connection with, any contract or investment decision relating thereto. This presentation is not a prospectus or other offering document and does not purport to be all-inclusive. The information contained in this presentation has not been independently verified by the Company or other person connected to the Company or any of their respective direct or indirect shareholders, directors, officers, employees, advisors, representatives or affiliates (all such persons together, the "Affiliates"). No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. This presentation and its contents are confidential and may not be further copied, distributed or passed on to any other person or published or reproduced directly or indirectly, in whole or in part, by any medium or in any form for any purpose.
    [Show full text]
  • SIBUR's 2019 Sustainability Report
    Sustainability Report 2019 F CUS ON WHAT REALLY MATTERS ABOUT THIS REPORT FOCUS ON WHAT REALLY MATTERS About SIBUR Strategy and Responsible Employees Occupational Health Environmental Protection Contribution to the Development Business Practices and Safety of Local Communities Contents ABOUT THIS REPORT STRATEGY AND RESPONSIBLE ENVIRONMENTAL BUSINESS PRACTICES PROTECTION 4 58 194 About this Report Global Challenges of Our Time Performance in 2019 10 64 197 Message from the Chairman SIBUR’s 2025 Sustainability Strategy Our Approach to Environmental of PJSC SIBUR Holding’s 70 Protection Management Board Our Contribution to Achieving the SDGs 206 12 72 Energy Consumption Message from the Chairman Internal Control and Risk Management and Energy Efficiency of the Management Board and CEO 79 212 of LLC SIBUR Business Ethics and Compliance Reducing Climate Impact and Greenhouse Gas Emissions ABOUT SIBUR 93 Society and Partnership 215 16 Pollutant Emissions 2019 Performance Highlights 101 Sustainable Product Portfolio 219 20 Water Consumption and Wastewater Our Business Structure EMPLOYEES Discharges 39 132 227 Corporate Governance Performance in 2019 Waste Management 50 136 236 Digital Transformation Our HR Approach Environmental Protection Initiatives 138 CONTRIBUTION Diversity and Inclusion TO THE DEVELOPMENT 142 OF LOCAL COMMUNITIES Employee Engagement 254 152 Performance in 2019 Training and Development 258 OCCUPATIONAL HEALTH Our Approach to Managing Social AND SAFETY Investments 259 168 Our Approach to Local Community Performance in 2019
    [Show full text]
  • Features from This Issue • • • • • • • • • • • • • • • • • •
    Issue 262, 25 September 2012 FEATURES FROM THIS ISSUE MOL DECIDES ON BUTADIENE PROJECT AT TISZAUJVAROS OLTCHIM PRIVATISATION CONTESTED BY MORE THAN FOUR BIDDERS PETROHEMIJA STARTS HDPE EXPANSION AT PANCEVO SYNTHOS RECORDS POSITIVE OPERATING PROFIT FOR FIRST HALF OF 2012 TARNOW GROUP RECORDS HUGE INCREASE IN GAS CONSUMPTION IN FIRST HALF OF 2012 CIECH FACED WITH HARD DECISION OVER ZACHEM, WHETHER TO SELL OR KEEP SIBUR SHOWS GOOD RESULTS FOR FIRST HALF OF 2012 CREDIT RATINGS GIVE POSITIVE VIEW OF NIZHNEKAMSKNEFTEKHIM, BUT NOT KAZANORGSINTEZ ROSNEFT STARTS CONSTRUCTION OF EASTERN PETROCHEMICAL COMPANY COMPLEX RUSSIAN XYLENE PRODUCTION LOWER IN JAN-JUL 2012 DUE TO OMSK SHUTDOWN TOGLIATTIKAUCUK EMBARKS ON BUTYL RUBBER UPGRADE TATNEFT CONSIDERS MALEIC ANHYDRIDE PROJECT FOR ALABUGA REGION IN TATARSTAN RUSSIAN BUTANOLS DOMESTIC CONSUMPTION ROSE 26% IN JAN-AUG 2012 TO 52,730 TONS RUSSIAN ETHYLENE PRODUCTION DROPPED 10% IN JAN-AUG 2012 TO 1.308 MILLION TONS STAVROLEN TO RESTART ETHYLENE PRODUCTION AT THE END OF SEPTEMBER SIBUR AND RHODA’S JV AT DZERZHINSK RECEIVES APPROVAL FROM ENVIRONMENTAL AUDIT PPG CONSIDERING NEW PAINT PLANT AT TVER BELARUSSIAN ETHYLENE PRODUCTION RISES 65% IN JAN-AUG 2012 KARPATNEFTEKHIM SHUTS PVC PLANT FOR MAINTENANCE HONEYWELL EXAMINES MTO PROJECT POSSIBILITY IN UZBEKISTAN CIREC Monthly News, Issue no 262, 25 September 2012 CENTRAL & SOUTH EAST EUROPE Petrochemicals MOL-butadiene project & first half performance MOL has reached the decision to build a butadiene extraction unit at Tiszaujvaros, with capital expenditure estimated to reach about Ft 30 billion. Construction should start in 2013 and the production will commence in 2015. The plant, which is to be designed with a capacity of 130,000 tpa, is being constructed to assist TVK’s profitability.
    [Show full text]
  • View Annual Report
    STRIVING FOR MORE 2014 ANNUAL REPORT CONTENTS OVERVIEW OF KEY INDICATORS 2 MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS 4 MESSAGE FROM THE CHAIRMAN OF THE MANAGEMENT BOARD 6 INVESTMENT APPEAL 8 10 Leader in efficiency 12 Future growth 14 Implementation of declared strategy 16 Opportunities for investors BUSINESS MODEL 20 REGIONS OF OPERATION 22 MARKET OVERVIEW 24 STRATEGY IN ACTION 40 OPERATING RESULTS 60 26 Global oil and gas market 41 Strategy 61 Hydrocarbon balance – 26 Oil consumption 42 Key strategic targets and business Production 26 Oil production objectives of Gazprom neft until 2025 62 Raw materials base by operating segment 27 Production and consumption ratio 63 Hydrocarbon production 44 Plans for 2015 27 Drop in prices 69 Purchase of oil 28 Change in market prices for oil and 70 Oil refining petroleum products 72 Sales of oil and petroleum products 29 Russian oil and gas market 72 Sale of petroleum products 29 Stable growth in domestic oil on the domestic market consumption 73 Export of oil and petroleum products 30 Taxation FINANCIAL RESULTS 46 75 Filling station network sales 37 Transportation of oil and petroleum 77 Sales by product business unit products 47 Key financial results 85 Petrochemistry 38 Competitive position of Company 49 Sales revenue 86 R&D and innovation 52 Expenses and other costs 86 Innovations in oil refining and 55 EBITDA and net profit petrochemistry 56 Cash flows 87 Innovations in hydrocarbon production 58 Capital investments 59 Debt and liquidity 59 Financial ratios Online version of 2014 Annual
    [Show full text]
  • Annual Review 2019
    Annual Review 2019 F CUS ON WHAT REALLY MATTERS Introduction FCUS ON WHAT REALLY MATTERS Strategic Review Business Review Sustainability Review Corporate Governance Financial Information Additional Information Delivering Value for Our Stakeholders Delivering Value for Our Stakeholders At SIBUR, we have a clear mission: to change ourselves and the Believing in the importance of sharing the results of our To learn more about world for the better. We produce materials essential to human activities in a transparent manner, we maintained regular our stakeholders, see p. 104 progress; by doing so efficiently and effectively, we aim to create communication with our stakeholders throughout the long-term, sustainable value for our stakeholders while safeguarding year. Below are the key highlights from our work with the well-being of the environment and society at large. our stakeholders during 2019. Strategic and Portfolio, Capital markets Communities responsible customers Employees Shareholders and lenders and NGOs thinking and market SIBUR's Board of Directors approved We aim to better address the needs of our We are committed to ensuring the We are committed to maintaining Our strong balance sheet provides us with SIBUR continues to make meaningful the 2025 Sustainability Strategy, centred customers and develop our operations safety, integrity and well-being of our a balance of both investments in further a platform to continue to invest in attractive economic and social contributions on five key focus areas in which SIBUR to meet market demands. As customer 23,000 employees. Our aspiration is to development and delivering superior growth opportunities while maintaining in the regions where it operates.
    [Show full text]
  • File-En.A2a3434a.Pdf
    TABLE OF CONTENTS CHAPTER 1 2 3 4 1 Gazprombank Group Annual Report Based on IFRS Consolidated Financial Statements 2 GAZPROMBANK ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER 1 2 3 4 3 Table of Contents Statement of the Chairman of the Board of Directors 4 Statement of the Chairman of the Management Board 6 Key Performance Indicators 9 MAIN RESULTS FOR THE YEAR AND BUSINESS DEVELOPMENT OBJECTIVES 11 External Environment in 2019 12 Financial Performance 15 Positioning 20 Ratings 21 Strategic Goals and Principal Vectors of the Bank’s Development 22 Development of IT and Digital Technology: 2019 Results 24 Corporate Business Customer Base 26 Commercial Lending 31 Trade, Structured and Syndicated Finance 34 Retail Business Retail Business. Key Results in 2019 36 Gazprombank Private Banking. 2019 Results 38 Investment Banking Project and Structured Finance 41 Main Project Finance Deals in 2019 43 Capital Market Operations 44 Asset Management 52 Engineering Assets: Core Business Operations and Key Projects 54 Sustainable Development Policy in the Area of Sustainable Development 57 Responsible Governance 58 HR Policy and Employee Incentives 59 Environmental Matters 62 Social Responsibility 65 Resource Base Development 68 Depository Operations, Specialized Depository Services 70 Risk Management 72 Information Security 81 Regional Network Map 82 Branch Network Operating Results 84 Marketing and Communication 85 CORPORATE GOVERNANCE 89 Bank GPB (JSC) Shareholders 90 Bank GPB (JSC) Board of Directors 91 Bank GPB (JSC) Management Board 94 Corporate
    [Show full text]
  • SIBURMDAFY 2020Full.Pdf
    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS AS OF AND FOR THE YEAR ENDED 31 DECEMBER 2020 The following discussion and analysis of our financial condition and results of operations as of 31 December 2020 and for the year then ended (hereinafter referred to as “MD&A”) should be read in conjunction with our audited consolidated financial statements as of and for the year ended 31 December 2020 (hereinafter referred to as the “consolidated financial statements”). The audited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS). The financial and operational information contained in this MD&A comprises information on PJSC SIBUR Holding and its consolidated subsidiaries (hereinafter jointly referred to as “we”, “SIBUR”, “Company” or the “Group”). SELECTED DATA(1) (3) (5) Operating Results The following table presents the Group’s key operational metrics for the years ended 31 December 2020 and 2019: Year ended 31 December Change Thousand tonnes, except as stated 2020 2019 % Processing and production volumes APG processing, SIBUR’s share(2) (million cubic metres) 21,225 22,617 (6.2%) NGLs purchasing 4,455 3,965 12.4% Raw NGL fractionation(3), SIBUR’s share 7,773 7,739 0.4% Sales volumes Petrochemical products, including: 5,149 3,767 36.7% Polyethylene (PE) 1,311 261 402.3% Polypropylene (PP) 1,118 737 51.7% Plastics and organic synthesis products 812 793 2.4% Elastomers 431 529 (18.5%) Intermediates and other chemicals 751 542 38.6% Midstream products, including: Natural gas (million cubic metres) 17,583 18,817 (6.6%) LPG 3,362 5,145 (34.7%) Naphtha 975 1,172 (16.8%) (1) In this and other tables of this MD&A, immaterial deviations in the calculation of percentage changes, subtotals and totals are explained by rounding.
    [Show full text]
  • View Annual Report
    ANNUAL REPORT 2009 ANNUAL REPORT 2009 EFFICIENT RESOURCE MANAGEMENT AND OPTIMIZATION OF PRODUCTION PROCESSES MANAGEMENT SYSTEM ARE A RECIPE FOR SUCCESSFUL IMPLEMENTATION OF STRATEGIC INITIATIVES OF THE COMPANY AIMED OAO TATNEFT AT FURTHER www.tatneft.ru DEVELOPMENT Contents About the company Corporate Representation of shareholders’ 1 Geography of Activity 40 management 110 and investors’ interests and Partnership .................................... 2 3.1. Management System Joint Address to Shareholders, of the Company ............................42 Corporate social liability Investors and Partners ..................... 4 3.2. Management 116 Areas of Activity of TATNEFT Group ........................42 and Strategic Initiatives ......................... 6 3.3. Management Mechanisms ............48 Appendices Resource Saving ................................... 8 3.4. Property Management ..................51 118 7.1. Information Reference about The Company's Equity Structure 3.5. Financial Management ..................53 the Members of the Board and Capitalization Management ............. 9 3.6. Logistics Management ..................55 of Directors of OAO TATNEFT ....... 118 Distribution of Powers and 3.7. Management of Production 7.2. Information Reference about Responsibilities among the Board Efficiency ....................................57 the Members of the Management of Directors Members and of Board of OAO TATNEFT ...............120 the Management Board Members .......... 18 3.8. Company Restructuring ...............................60
    [Show full text]