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Novolipetsk Steel

November 11, 2014

Q3 and 9M 2014 Consolidated Financial Results under US GAAP

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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