Q3 and 9M 2014 NLMK Group Consolidated Financial Results under US GAAP

NLMK Group is pleased to announce 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