FY2014 highlights:

• Group’s steelmaking capacities were running at 96%
• Steel output increased to a record 15.9 million tonnes, driven by higher output at the Lipetsk site and increased capacity utilization at NLMK Kaluga
• Sales increased by 2% year-on-year to 15.1 million tonnes
• 2014 revenue totaled $10,396 million (-5% year-on-year)
• EBITDA grew by 58% to $2,383 million
• EBITDA margin increased to 23% (from 14% in 2013)
• Investment was down by 26% to $560 million
• Free cash flow increased by 174% to $1,155 million on the back of profitability growth and lower investment • Net debt reduced by 41% year-on-year to $1,590 million
• Net debt/EBITDA was 0.67x (1.8x at the end of 2013)
• Net income increased by 4.5 times year-on-year to $845 million
Q4 2014 highlights:
• Steelmaking capacities were running at 98%
• Steel output totalled 4.1 million tonnes (-1% quarter-on-quarter)
• Sales increased by 7% quarter-on-quarter to 3.8 million tonnes
• EBITDA was $627 million (-9% quarter-on-quarter and +53% year-on-year)
• EBITDA margin was 27% (flat quarter-on-quarter; +11 p.p. year-on-year), including 30% at the Steel Segment
Outlook In Q1 2015, we expect stable operational and financial performance compared to Q4 2014.
NLMK is pleased to invite the investment community to a conference call with the management of NLMK:
Friday, 27 March, 2015.
10:00 (New York)
14:00 (London)
17:00 (Moscow)
To join the conference call, please, dial:
US Number: +1 212 444 0895 (local access) +1 877 280 2296 (toll free)
United Kingdom Number: +44 20 3427 1916 (local access) 0800 279 4992 (toll free)
Russian Number: +7 495 213 0979 (local access) 8 800 500 9311 (toll free)
Conference ID: 7981806
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