Slide 2

Some general information about Lukoil: is a Russian oil company established in 1991. Its headquarter is
situated in Moscow. The main field of business for Lukoil is trade, extraction and refining of gas and oil.

Slide 3 – Ebitda for 5 years

In the slide you can see the bar chart and a table reflecting the dynamic visual change in the amount of
EBITDA for 5-year period and data for EBITDA for the same period respectively. Taking look at the graph we
can see the trend for EBITDA of LUKOIL for the period 2016-2020: permanent growth from 2016 to 2019
was interrupted by a sharp fall in 2020 by more than 40% due to several reasons, among which the most
obvious are the decrease of oil prices in the international market, COVID-19.

Slide 4. – Ebitda for 2 years

Comparing the figures about EBITDA for 2 years 2019 and 2020 we can see that for the current indicator the
results are very unfavorable in 2020: the sharp decline in ebitda in the range of 30%-60% comparing to the
figures of the previous period in response to the reasons mentioned before.

Slide 5. – Revenue breakdown

Talking about the composition of EBITDA, we can see, that the largest share relates to the Russian market
75% in the field of trade, conversion and sales and if we look at ebitda in the segment of discovery and
production, we can see that Russian market forms about 84% of the indicator observed.

Slide 6. – Costs breakdown

The current slide represents the Costs breakdown of the company being investigated for the 5-year period
from 2016-2020: the highest volume of expenses is occupied by the costs relating to purchase of gas and oil
and products of their nature. The trend of growth for such of costs may be observed in the period from
2016 to 2018 and decline in the period 2018-2020 which is connected to the decrease in prices on gas and
oil and covid-19

Slide 7.-Costs breakdown

The slide we can shows us the graph with the bar charts for each types of costs quarterly. The main trend of
changes of costs for 2-year period can be characterized mostly as the decrease in all types of costs
comparing to the quarter results of the previous year due to the reasons mentioned previously.

Slide 8. – Free Cash Flow

The slide given is devoted to free cash flow. The bar chart graph represents the dynamics of changes in the
indicator observed. The positive change by approximately 56% and 91% were in 2017 and 2019 respectively,
being changed by the falls of the indicator in 2018 by 1,07% and 77% in 2019. The main drivers for the
increase of Free Cash Flow in 2017 and 2019 were net income, depreciation and tax rate. The main negative
influence on the amount of Free Cash flow in 2016, 2018,2020 were Low net profit figures (except 2018)
high capital expenses (except 2018) .