News

24 March 2016

Q4 2015 and 12m 2015 NLMK Group consolidated financial results under IFRS

Q4 2015 and 12m 2015 NLMK Group consolidated financial results under IFRS
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 Group’s 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 0.6х (vs. 0.7х at 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 и +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.