News

12 August 2013

Q2 2013 NLMK Group Consolidated Financial Results under US GAAP

NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q2 2013.

Q2 2013 KEY HIGHLIGHTS:

· Revenue: $2,829 million (-1% qoq)

· EBITDA: $400 million (+26% qoq), EBITDA margin 14% (11% in Q1 2013)

· Net income: $34 million

· Net debt: $3,424 million (-1%)

· Sales: 3.77 million t (flat qoq)

· Sales to external markets: 63% of the total sales (-2p.p. qoq)

· Sales of high value added products: 1.38 million t (+4% qoq)

· Steelmaking capacities utilization rate: 94%.

OUTLOOK

In Q3, NLMK Group capacity utilization rates will remain consistently high. Crude steel output will increase by 4% to 3.9 million t. We expect our Q3 revenue to remain flat quarter-on-quarter. Profit performances will depend on the trends for steel product and key raw material prices that will remain volatile.


CONFERENCE CALL DETAILS

NLMK is pleased to invite the investment community to a conference call with the management of NLMK:

Monday, August 12, 2013

09:00 (New York)

14:00 (London)

17:00 (Moscow)

To join the conference call, please, register on-line:

https://eventreg1.conferencing.com/webportal3/reg.html?Acc=975352&Conf=188229


or dial
International Call-in Number: +44 (0)20 7162 0025

US Call-in Number: +1 334 323 6201

Conference ID: 935699

*We recommend that participants register on-line to avoid waiting in a queue or to start dialing in 5-10 minutes prior to ensure a timely start to the conference call.

The conference call replay will be available through 19 August 2013:

International Replay Number: +44 (0) 20 7031 4064

US Replay Number: +1 954 334 0342

Replay Access Code: 935699

It is recommended that participants download presentation in advance on NLMK’s web-site www.nlmk.com