1H 2013 DTEK RESULTS PRESENTATION DTEK at glance Operational - PowerPoint PPT Presentation

1H 2013 DTEK RESULTS PRESENTATION

DTEK at glance Operational results Financial results Capex Appendices 2

Leading vertically integrated power & utility company in CEE  Power generation is effectively self-sufficient in low-cost coal feedstock – strong competitive advantage vs. other thermal generators Vertically integrated  Own mining operations offer effective hedge for fuel supply and fuel price risks business model  Value creation across the production chain: from coal mining to power distribution  Exposure to Ukrainian market with stable demand for electricity Exposure to non-  Diversified customer base: 5.1mln households & 133k corporate and other customers cyclical end-markets  Dominant proportional share in coal mining: 47.8% of coal production in Ukraine  Largest Ukrainian coal exporter* #1 coal miner with  Diversified portfolio of long-life coal reserves sizeable coal reserves  31 coal mines and 13 coal enrichment plants, incl. the largest coal mining company in Ukraine Leader in power  27.3% of overall power output in Ukraine generation and  39.6% in electricity distribution with presence in densely populated and industrially developed regions electricity  Largest electricity exporter distribution  Economies of scale and strong synergies between segments Robust financial  Competitive cost position across value chain performance &  Track record of sustainable leverage levels despite active M&A transactions and Capex programme prudent  Comfortable debt maturity profile with a potential for further improvement leverage policy 3 Source: Energobiznes, Ministry of Energy and Coal Industry * by metric tonnes of coal

DTEK at glance Operational results Financial results Capex Appendices 4

1H 2013 Key highlights Market environment  In the first half of the year Ukrainian economy declined (GDP Q1 -1.1% and Q2 -1.3%)  Following soft economy performance overall electricity consumption was down 4.1% YoY  Hydro power generation was up 42.9% YoY, negatively impacting other power generations  Coal prices under pressure following global demand  Surplus of coal on the market due to the fire at Uglegorskaya TPP (“ Centrenergo ” state -owned GenCO)  Hryvnia / US Dollar exchange rate remained stable DTEK  Revenues up 14.4% YoY posting USD 5,5 Bio., EBITDA decreased by 11.7% to USD 0,9 Bio  Focus on exports operations to offset soft local demand  Revised Capex program to delay some of the projects  Reached an agreement to purchase shares of Private JSC Naftohazvydobuvannya, the largest private gas production company in Ukraine  Placed USD 750 mln Eurobonds due 2018 with coupon 7.875%  Secured long term ECA covered loan (EUR 138 mln) to finance 2nd phase of Botievo windfarm 5

Key business parameters OPERATIONAL PERFORMANCE 1H 2013 1H 2012 +/- % COAL MINING AND PREPARATION Coal mining - total kT 19 958 19 926 * 32.2 0.2 thermal coal kT 19 778 19 738 40 0.2 coking coal kT 180 496 - 316 - 176.0 POWER GENERATION Electricity output mln kWh 24 296 25 619 - 1 323 - 5.2 Heating production k Gcal 7 428 7 452 - 24 - 0.3 ELECTRICITY DISTRIBUTION Purchase in WEM mln kWh 30 007 23 259 ** 6 747 29 ELECTRICITY AND COAL EXPORT Electricity export mln kWh 4 946 4 291 656 15.3 Coal export kT 2 099 1 466 633 43.2 FINANCIAL PERFORMANCE 1H 2013 1H 2012 +/- % Revenues*** USD mln 5 477 4 787 690 14.4 EBITDA USD mln 879 996 -117 -11.7 E BITDA margin % 16.0 20.8 -4.8 -222 -59.7 Net profit USD mln 150 372 42 8.0 CAPEX (excluding VAT) USD mln 568 526 Free cash flow (excluding M&A) USD mln -337 -176 -161 91.5 * exlcluding Obukhovskaya mine group that was consolidated since July 2012. Including Bilozerskaya mine since its consolidation in January 1st 2012 in DTEK 6 reporting. ** including Dniprooblenergo since April 1st 2012 and Krymenergo since May 1st 2012 , since their consolidation in DTEK reporting *** including heat tariff compensation

Leading energy company in Ukraine Coal production Power generation Electricity distribution Coal mining volume: 19.9 Mt Energy generation: 24.3 TWh Electricity supply : 30.0 TWh Coal reserves: 1,700 Mt Installed capacity: 18.2 GW Grid length: 158,700 km 31 coal mines 10 TPG and 2 CHP plants 6 distribution companies 13 coal enrichment plants 66 power units 5.2 mln end customers DTEK PROPORTIONAL SHARE IN UKRAINE 28.5% 27.3% 47.8% 39.6% 46.1% 37.8% 28.0% 9.7% 9.5% 2011 2012 1H2013 2011* 2012 1H2013 2011 2012 1H2013 Note: Share in mining volume of raw coal 7 Source: DTEK, Ukrenergo Main Data Processing Center, NERC * Excluding Dniproenergo in 2011 All figures are 1H 2013 actual

Coal mining (1/2)  Largest coal producer: 47.8% of all coal mined in Ukraine in 1H2013  Coal production flat YoY driven by: coal surplus at domestic market caused by reduction in operating power units of thermal power plants - management decision to limit production growth at some of the mines due to market situation and - Coal export, Mt Capex program revision  Coal export up 43% YoY driven by: +43% - expanding exports to non-traditional markets (China, India, South Korea and Mexico) 3.4 - сoncluding coal supply contracts with international energy companies - EDF and E.ON 2.8 2.1 Coal mining (ROM)*, Mt Coal sales (end product)**, Mt 1.5 39.7 31.0 2011 2012 1H2012 1H2013 6.4 14.4 Coal export (1H2013), Mt +1% 24.1 -1% 18.2 1.1 4.5 20.0 19.9 Others; 14.5 EU; 0,47; 4.3 14.3 8.6 0,46; 23% 23% 2.4 3.8 7.0 7.4 24.6 20.8 2.1 18.7 2.1 2.1 Mt 9.6 10.8 10.5 12.1 Moldova; 10.5 0,31; 15% Russia; 0,44; 21% 2011 2012 1H2012 1H2013 2011 2012 1H2012 1H2013 Turkey; China; 0,17; 8% 0,21; 10% A-grade T-grade G-grade External sales Supply to introgroup customers Source: DTEK All figures are 1H 2013 actual 8 * Volume of coal mining is in tonnes of raw (Run-of-Mine) coal extracted from the pits ** Coal sales is in tonnes of enriched coal, which is a marketable end product

Coal mining (2/2)  Highest in the Ukrainian coal industry labor productivity and competitive production costs  Constant focus on enhancing operations efficiency and labor safety: - mines’ labor safety management certification (OHSAS 18001:2007 standard) - kick off of wide scale LEAN program - installed new coal quality control systems Coal producers Labor productivity, Cost of production, in Ukraine, Mt USD/t** t / worker / month Komsomolets Komsomolets 55 DTEK total* 19.4 98 Donbassa Donbassa 68 State mines 11.2 86 Pavlogradugol Pavlogradugol Pavlogradugol 8.5 74 76 DTEK average DTEK average Rovenkianthracite 3.5 68 89 Sverdlovanthracite Rovenkianthracite Sverdlovanthracite 3.3 53 90 Rovenkianthracite Sverdlovanthracite Komsomolets Donbassa 2.1 92 36 Dobropolyeugol Dobropolyeugol Dobropolyeugol 2.0 21 State mines State mines 176 Source: DTEK, Ministry of * DTEK mines in Ukraine, not including three mines in Russia. Dobropolyeugol includes results of Bilozerska mine ** Cost of production of state 9 Energy and Coal Industry, mines is according to data for 5 months 2013, DTEK average are DTEK mines in Ukraine, not including three mines in Russia. Energobiznes UAH/USD FX rate used: 1H2013 – 7.99

Power generation  Leading share in power generation with 27.3% in the 1H 2013 Ukraine’s power generation, %  Strong competitive advantage vs. other thermal power generators: reliable fuel supplies from own efficient and low cost coal mining operations 18%  Focus on fuel consumption reduction – 5 energy blocks reconstruction: Thermal 37% Kurahovksa TPP (block #6) – reconstruction completed - DTEK Nuclear Luhanska TPP (block #13) scheduled completion - September 2013 - 27.3% Byrshtynska TPP (block #5) scheduled completion – October 2013 - Hydroelectric Dobrotvirska TPP (block #8) scheduled completion - November 2013 - 45% & other Kryvorizka TPP (block #1) scheduled completion – March 2014 - Ukraine’s TPG Installed capacity utilisation Average fuel Average supply tariff, output, TWh rate (ICUR*), % consumption, tn/TWh USD cents/MWh Skhidenergo 7.8 Skhidenergo 47.2% Donbasenergo 415 Zakhidenergo 8.8 Zakhidenergo 7.7 Zakhidenergo 42.5% Centrenergo 394 Skhidenergo 8.3 Dniproenergo 6.6 Donbasenergo 36.2% Zakhidenergo 393 Donbasenergo 7.8 Centrenergo 6.2 Centrenergo 20.6% Dniproenergo 389 Dniproenergo 7.7 Donbasenergo 3.9 Dniproenergo 20.5% Skhidenergo 387 Centrenergo 7.3 Source: NJSC Energoatom, * Dniproenergo’s installed capacity is net of suspended oil & gas power units, and out of service units (8,185MWt incl. all units); 10 Ukrhydroenergo and NJSC Energy Centrenergo’s installed capacity is net of suspended oil & gas power units (7,600MWt incl. all units) Company of Ukraine UAH/USD FX rates used: 1H2013 – 7.99