SIBUR is a uniquely positioned gas processing and petrochemicals company with a business model focused on the integrated operation of its two core segments. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, according to IHS CERA and is a leader in the Russian petrochemicals industry. The Group has two operating and reportable segments: (1) feedstock and energy and (2) petrochemicals. The Groupís feedstock and energy segment comprises (i) gathering and processing of associated petroleum gas (APG) that the Group purchases from major Russian oil companies, (ii) transportation, fractionation and other processing of natural gas liquids (NGLs) that the Group produces internally or purchases from major Russian oil and gas companies, and (iii) marketing and sales of energy products, such as natural gas, liquefied petroleum gases (LPG), naphtha, raw NGL, methyl tertiary butyl ether (MTBE) and other fuels and fuel additives. The Group sells these energy products on the Russian and international markets and uses some of them as feedstock for its petrochemicals segment, which processes them into various petrochemicals, including basic polymers, synthetic rubbers, plastics and products of organic synthesis, as well as intermediates and other chemicals. As of 31†December 2012, the Group operated 27 production sites, had over 1,500 large customers operating in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 60 countries and employed over 30,000 personnel.
The Group benefits from owning and operating Russiaís largest and most extensive integrated infrastructure for processing and transportation of APG and NGLs, located primarily in Western Siberia, which is the largest oil and gas producing region in Russia and where the Group sources most of its feedstock. This infrastructure includes seven out of the nine existing gas processing plants (GPPs) in Western Siberia, five compressor stations, and three gas fractionation units (GFUs). As of 31 December 2012, the Group had APG processing capacity of 23.1 billion(1) cubic metres per annum and raw NGL fractionation capacity of 5.2 million tons per annum.In its petrochemicals business, the Group operates three steam cracker facilities, one basic polymers production plant, manufacturing low density polyethylene (LDPE) and polypropylene (PP), three synthetic rubbers production plants, manufacturing commodity and specialty rubbers as well as thermoplastic elastomers, and 14 production plants manufacturing a wide range of intermediate chemicals, plastics and organic synthesis products, including polyethylene terephthalate, glycols, alcohols, BOPP-films, expandable polystyrene, acrylates and plastic compounds.
As of 31 December 2012, the Groupís basic polymers production capacity was 475.0 thou†tons per annum(2), synthetic rubbers production capacity was 622.0 thou†tons per annum and plastics and products of organic synthesis production capacity was 975.4 thou†tons per annum(3).In 2012, the Groupís revenue was RR 271.3 billion, the Groupís EBITDA was RR 82.3 billion, and the Groupís EBITDA margin was 30.3%. In 2011, the Groupís revenue was RR 248.7 billion, the Groupís EBITDA was RR 86.7 billion, and the Groupís EBITDA margin was 34.9%.
(1) Including 100% of processing capacity of GPPs which are controlled by OOO Yugragazpererabotka, the Groupís joint venture with TNK-BP.
(2) Including 100% of processing capacity of NPP Neftekhimia, the Groupís joint venture with the Gazprom Neft Group.
(3) Excluding production capacity of the intermediates and other chemicals product group to avoid double counting.