Q3 2014 KEY HIGHLIGHTS:
• Group’s steelmaking capacities were running at 96% (+2 p.p. quarter-on-quarter);
• Steel sales totaled 3.583 million t (-7% quarter-on-quarter);
• Revenue totaled US$ 2,607 million (-7% quarter-on-quarter);
• EBITDA was US$ 693 million (+17% quarter-on-quarter);
• EBITDA margin was 27% (+6 p.p. quarter-on-quarter);
• Net income was US$ 281 million (+77% quarter-on-quarter);
• Net debt totaled US$ 1,803 million (-14% quarter-on-quarter);
• Net debt/EBITDA was 0.83 (1.14 in Q2 2014).
OUTLOOK
• Q4 sales are expected to grow by 2-5% quarter-on-quarter, which will partially offset the seasonal softening in steel prices.
NLMK is pleased to invite the investment community to a conference call with the management of NLMK:
November 11, 2014
09:00 (New York)
14:00 (London)
17:00 (Moscow)
To join the conference call, please, dial
International Number: +44(0)20 3427 1918
US Number: +1 877 280 2296
Russian Number: +7 495 213 0979
Conference ID: 3585260
*We recommend that participants start dialing in 10-15 minutes prior to ensure a timely start of the conference call.
It is recommended that participants download presentation in advance on NLMK’s web-site www.nlmk.com
The conference call replay will be available through November 24, 2014.
International Replay Number: + 44 (0) 20 3427 0598
US Replay Number: +1 347 366 9565
Russian Replay Number: +7 495 705 9453
Replay Access Code: 3585260
Investor Relations contacts: Sergey Takhiev +7 (495) 915 1575 tahiev_sa@nlmk.com
Media contacts: Sergey Babichenko +7 (916) 824 6743 babichenko_sy@nlmk.com
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