INVESTMENT CASE COMPETITIVE COST-ADVANTAGE AND KNOWHOW MANAGEMENT SUEK is a leader in the resilient energy, logistics and premium coal markets. REINFORCING OUR LEADERSHIP POSITION No. 6 No. 3 No. 2 No. 4 No. 4 electricity heat producer bulk port gondola railcar coal exporter producer in Russia operator operator globally in Russia in Russia in Russia (TWh) (MGcal) (Mt) Gondola railcars (Mt) managed (ths units) Rosenergoatom Gazprom Energoholding Kuzbassrazrezugol Federal Freight Company Glencore 216 108.3 54 112 78.4 Rushydro T plus SUEK First Freight Company BHP Billiton 131 91.8 50 72 60.4 Gazprom Energoholding SUEK NMTP Modum Trans Bumi Resources 127 43.7 23 68 55.2 Inter RAO Inter RAO UCL Port SUEK SUEK 106 37.3 18 48 53.8 En+ Group RusHydro Mechel Globaltrans Anglo American 82 29.4 14 47 49.8 SUEK En+ Group NefteTransService Adaro 64 26.9 37 40.8 T Plus Kvadra Novotrans Yancoal 55 21.2 25 37.9 UniPro Tatenergo Ugol-Trans Sinar Mas 42 10.5 23 36.8 Source: Companies' public data. MAINTAINING A LOW-COST POSITION THROUGH INTEGRATION Our coal producing assets are positioned at the lower end of the global cost curve due ( $/t, FOB) to economies of scale, highly efficient production and RUB denominated cost base. 100 Quartile 1 Quartile 2 Quartile 3 Quartile 4 FOB NEWC = 75 60.5 $/t (2020 average) 50 API2 = 50.3 $/t (2020 average) 25 SUEK 0 Other eporters 0 100 200 300 400 500 600 700 800 900 (Mt) Sources: Wood Mackenzie, SUEK estimates. – 20 – SUEK INTEGRATED REPORT 2020 Own R&D: Ba2 MINE AND PLANT DESIGN TURBINE GENERATORS BB PRODUCTION INNOVATIVE PRODUCTS RESEARCH ruA+ STRATEGIC REPORTSTRATEGIC ROBUST CASH AND MARGIN GENERATION Revenue ($m) NEWC ($/t) GOVERNANCE CORPORATE 5,352 API2 ($/t) 4,526 4,471 1,903 International 1,875 3,569 1,666 sales 1,701 Domestic coal sales Logistics services 2,972 (Intragroup) 614 488 Logistics 1,284 679 674 252 services 135 309 99 2,374 (external) 2,130 2,189 1,695 Electricity, 956 capacity and heat sales 74 FINANCIAL STATEMENTS FINANCIAL 2016 2017 2018 2019 2020 UNDERPINNED BY A CULTURE FOCUSED ON SUSTAINABILITY We are committed to ISO CERTIFICATIONS ENERGY EFFICIENCY ensure that our ESG ON ENVIRONMENT, STRATEGY AIMED AT HEALTH & SAFETY, CO2 REDUCING CARBON AND systems comply with COMPLIANCE, POLLUTANT EMISSIONS the best international ANTI-CORRUPTION ADDITIONAL INFORMATION ADDITIONAL standards. INDEPENDENT DIRECTORS ON THE ESG RANKED BOARD BY RAEX 50% TOP-10 ONE OF THE OF DISCLOSURE SEE MORE DETAILS IN LOWEST LTIFRS IN LINE WITH SUSTAINABILITY SECTION ON PP. 70–106 AMONGST PEERS INTERNATIONAL 0.48 IN RUSSIA AND GLOBALLY 15YRS STANDARDS SEE MORE DETAILS (IFRS, GRI, IIRC) IN CORPORATE GOVERNANCE SECTION ON PP. 107–126 SUEK INTEGRATED REPORT 2020 – 21 – .