NLMK FY2015 sales increased by 5% yoy to a record 15.9 m t. 2015 EBITDA margin grew by 1 p.p. to 24%. NLMK Groups net profit increased by 25% to $1.0 billion. Debt decreased by 32% to $1.09 billion.
12M 2015 highlights:
Group sales increased by 5% yoy to 15.9 m t
Revenue was $8.0 billion (-23% yoy) due to lower steel prices
EBITDA was $1.948 billion (-18%)
EBITDA margin increased to 24% (+1 p.p. yoy)
Effect from operation efficiency programmes: $197 million (up two-fold vs. 2015 plan)
Capex totalled $595 million (+6% yoy)
Free cash flow was $997 million (-14% yoy)
Net debt declined by 32% yoy to $1.091 billion
Net debt/12M EBITDA decreased to 0.6υ(vs. 0.7υat the end of 2014)
Net profit increased by 25% yoy to $967 million
Q4 2015 highlights:
Revenue decreased to $1.637 million (-19% qoq and -30% yoy) on the back of a slump in steel prices
EBITDA decreased by 37% qoq to $321 million (-50% yoy)
EBITDA margin was 20% (-5 p.p. qoq and -7 p.p. yoy)
Capex totalled $150 million (+3% qoq θ+29% yoy), due to active construction of the pelletizing plant at Stoilensky
TELECONFERENCE
NLMK is pleased to invite the investment community to a conference call with the management of NLMK:
Thursday, 24 March 2016
9:00 am USA (New York)
2:00 pm UK (London)
5:00 pm Russia (Moscow)
To join the conference call, please, dial:
US Number: +1646 254 3375 (local access) // 1855 217 7942 (toll free)
United Kingdom Number: +44(0)20 3427 1928 (local access) // 0800 279 4842 (toll free)
Russian Number: +7495 213 0981 (local access) // 8 800 500 9316 (toll free)
Conference ID: 5073194
* We recommend that participants start dialing in 5-10 minutes in advance to avoid waiting.
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