Annual report 2015

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Annual report 2015

Four success factors

Наверх

Unique

resource base

ресурсов

19.6
billion tonnes
14.2
billion tonnes
5.4
billion tonnes
4.2
billion tonnes
2.6
billion tonnes
2.4
billion tonnes
1.5
billion tonnes
1.4
billion tonnes
0.9
billion tonnes
Largest iron ore reserves
(billion tonnes)
Reserve supply based on production levels

Diversified

sales geography

geography

Russia
28 %
66 %
Europe
19 %
19 %
Asia
3 %
10 %
Middle East and Africa
29 %
4 %
Other
27 %
1 %
Steel products
Iron ore products

Performance highlights 2015

In 2015, the Company continued to implement its initiatives aimed at decreasing ore extraction and processing costs and improving competitiveness in the global market through the optimisation of ore processing and by increasing operational efficiency.

Iron ore production,
million tonnes 
т
Pellet production,
million tonnes
-
HBI/DRI production,
million tonnes
-
Pig iron production,
million tonnes
-
Crude steel production,
million tonnes
-
Iron ore production, million tonnes 
т
Pellet production,
million tonnes
-
HBI/DRI production,
million tonnes
-
Pig iron production,
million tonnes
-
Crude steel production,
million tonnes
-

In 2015, metalloinvest worked to sustain its liquidity position and optimise the company’s debt structure. funds raised on the domestic and international capital markets allowed the company to improve its debt repayment schedule.

4.4
USD billion
Revenue
1.4
USD billion
EBITDA
0.2
USD billion
Net income
33
%
EBITDA margin
0.4
USD billion
Capital expenditure
4.4
USD billion
Revenue
1.4
USD billion
EBITDA
0.2
USD billion
Net income
33
%
EBITDA margin
0.4
USD billion
Capital expenditure

Long-term Strategy

Metalloinvest’s strategy is aimed at strengthening the Company’s leading positions in the HBI/DRI segment in the global market, and in the iron ore products segment in the regional market.

Increase the
Company’s value

Enhance the scale and quality of business

Ensure sustainable growth and higher long-term value

Grow
sales margins

Increase share of the global market for high-quality Metallics stocks, mainly HBI/DRI

Strengthen the Company’s position in the highquality rolled steel market

Improve operational and management efficiency

Focus on efficient development of existing iron ore deposits

Reduce cash cost of production and processing operations

Optimise existing processes and integrate new technologies

Increase investment attractiveness

Improve transparency

Promote a balanced approach to ensure talent development and protection of communities and the environment

Our effective governance framework, strong qualifications and the co-ordinated efforts of our people, along with consistent progress in implementing our production and investment programmes mean that we can look to the future with confidence.

Ivan Streshinsky
Chairman of the Board of Directors

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Overall, a balanced development strategy, meaningful governance framework at all levels, high qualifications and the co-ordinated efforts of our people allow us to achieve strong results today and in the future. I would like to thank our employees, customers and partners for their invaluable cooperation.

Andrey Varichev
CEO

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