Raspadskaya · RUS:RASP
Raspadskaya — H1 2022 Earnings Presentation
13 slides from Raspadskaya's earnings presentation, Aug 11, 2022
Slide 1: H1 2022 Financial results
H1 2022 Financial results 11 August 2022
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 $1.7bln from $683m in H1 2021 with EBITDA reached $1,054m (H1 2021: $310m) following increase in sales prices The cash cost of coal concentrate per tonne reached $62/t, up 73% YoY following increase in prices of raw materials amid high inflation as well as lower m
Slide 4: Health, safety and environment
Health, safety and environment Regretfully, we have to report three fatalities in H1 2022. We consider this unacceptable and continue doing everything possible so that such tragedies do not reoccur. The root causes of these fatalities have been thoroughly investigated and corrective measures to mi
Slide 5: Operational performance
Operational performance In H1 2022, the total raw coal extraction was 10.1 mt, a YoY decrease of 1.5 mt amid higher number of longwall moves and lower workload at Osinnikovskaya, Erunakovskaya-VIII, Raspadskaya-Koksovaya and Alardinskaya mines due to higher gas content in the seams Concentrate y
Slide 6: Market overview
Market overview In H1 2022, coking coal prices have remained at high levels despite stalled demand growth The rise in prices was caused by supply disruptions due to adverse weather conditions in Indonesia and Australia, as well as geopolitical tensions and COVID-19 lockdowns in large coal mining
Slide 7: Sales volumes
Sales volumes Overall coal product sales stood at 6.8 mt (5.7 mt of coal concentrate and 1.1 mt of raw coal), down by 21% YoY mainly following lower production, logistic disruptions and restrictions on export alternatives Sales of coal concentrate in Russia decreased to 2.9 mt down by 24% YoY am
Slide 8: Financial performance
Financial performance Revenue increased to $1.7bln from $683m in H1 2021 amid higher sales prices EBITDA reached $1,054 million (H1 2021: $310m) following increase in revenue Net profit amounted to $662m in H1 2022 ($161m in H1 2021) Net profit margin amounted to 39% vs 24% in H1 2021 Revenu
Slide 9: Cash-cost
Cash-cost Cash-cost per tonne of coal concentrate increased by 73% YoY: [1] Inflation for the cost of materials and services in H1 2022, wage indexation [2] Decrease in mining volumes by 13% (10.1 million tonnes vs 11.6 million tonnes in H1 2021) [3] Reduced concentrate yield by 4.9 p.p. (69.3% vs
Slide 10: Cash flow
Cash flow Net cash flows from operating activities amounted to $533m CAPEX amounted to $97m Loans issued amounted to $100m Dividends paid amounted to $247m Repayments of bank loans amounted to $314m Cash flow in H1 2022, $m Cash and cash Cash from CAPEX Loans issued Repayment of Dividends
Slide 11: Governance update
Governance update On 4 April 2022, Ilya Shirokobrod, was appointed as CEO of Raspadskaya Coal Company, the management company of PJSC Raspadskaya and its subsidiaries Andrey Davydov continues to perform his role of Raspadskaya Coal Company’s General Director and is in charge of the production op
Slide 12: External challenges, impact on Raspadskaya and how we react
External challenges, impact on Raspadskaya and how we react Challenges and impact Escalating geopolitical tensions as well as economic sanctions imposed by the United States, the European Union and other countries against many Russian government and commercial organizations, including banks, certa
Slide 13: Investor Relations
Investor Relations Moscow +7 495 232 1370 ir@evraz.com