Raspadskaya · RUS:RASP
Raspadskaya — FY2022 Earnings Presentation
12 slides from Raspadskaya's earnings presentation, Mar 16, 2023
Slide 1: FY 2022 Financial results
FY 2022 Financial results 16 March 2023
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the “Presentation”) is being provided by or on behalf of PJSC Raspadskaya (the “Company” or “Raspadskaya”) and its subsidiaries (together with the Company the “Group”). The Presentation is for information purposes only and any information
Slide 3: Highlights
Highlights Revenue increased to $2.8bln from $2.1bln in 2021 with EBITDA remained at the level of previous year of almost $1.3bln The cash cost of coal concentrate per tonne reached $66/t, up 69% YoY following increase in prices of raw materials amid high inflation as well as lower mining volume
Slide 4: Health, safety and environment
Health, safety and environment Tragically, there have been four fatal accidents at our facilities, which is unacceptable. The company will increase its focus on improving safety controls, as well as on the preventive measures taken so that such incidents do not recur To prevent the occurrence of
Slide 5: Operational performance
Operational performance Total raw coal extraction was 21.5mt, a YoY decrease of 6% YoY amid higher number of longwall moves and lower workload at Osinnikovskaya, Erunakovskaya- VIII and Alardinskaya mines due to higher gas content in the seams as well as complex geological conditions Concentrate
Slide 6: Market overview
Market overview In H1 2022, spot premium HCC price stayed at high levels despite stalled demand growth. Subsequently, after a significant decrease, they were able to stabilise at the level between $250/t and $300/t The primary drivers of price direction have been weak steel market fundamentals w
Slide 7: Sales volumes
Sales volumes Overall coal product sales stood at 14.3mt (12.4mt of coal concentrate and 1.9mt of raw coal), down by 16% YoY following ban on Russian coal supplies to Europe, amid logistics constrains at Far East and lower demand from Russia’s metals industry due to geopolitical turmoil Sales of
Slide 8: Financial performance
Financial performance Revenue increased to $2.8bln from $2.1bln in 2021 amid change in delivery terms(+$0.5bln) as well as due to higher sales prices EBITDA remained flat YoY at the level of $1.3bln Net profit amounted to $782m in 2022 ($875m in 2021) Net profit margin decreased to 28% vs 42
Slide 9: Cash flow
Cash flow Net cash flows from operating activities amounted to $915m CAPEX amounted to $231m Loans issued amounted to $100m Dividends paid amounted to $247m Repayments of bank loans amounted to $406m Cash flow in 2022, $m Cash and cash Cash from CAPEX Proceeds from Loans issued Repayment o
Slide 10: Cash-cost
Cash-cost Cash-cost per tonne of coal concentrate increased by 69% YoY due to: ▪ Rising prices for materials and services amid high inflation ▪ Decrease in mining volumes by 6% (21.5mt vs 22.8mt in 2021) ▪ Reduced concentrate yield by 4 p.p. (69.8% vs 73.8 in 2021) due to the increase in ash conte
Slide 11: External challenges, impact on Raspadskaya and how we react
External challenges, impact on Raspadskaya and how we react Challenges and impact Difficulties in selling products worldwide, a number of countries decided to ban coal imports from Russia Economic sanctions limited access to international capital markets, restrictions on cross-border dividend pa
Slide 12: Investor Relations
Investor Relations Moscow +7 495 232 1370 ir@evraz.com