NLMK · RUS:NLMK
NLMK — H1 2005 Earnings Presentation
10 slides from NLMK's earnings presentation, October 2005
Slide 1: 1H 2005 Financial & Production Results Presentation
NLMK 1H 2005 Financial & Production Results Presentation US GAAP Consolidated Financial Statements October 2005 Презентация результатов работы по итогам 1 квартала 2005 года 1
Slide 2: Key Financial Highlights
Key Financial Highlights NLMK change 1H04 1H05 (millions of US dollars) +/- % Net sales 1 977 2 377 400 20% Gross profit 1 013 1 209 196 19% - as % of net sales 51% 51% Operating profit 935 1 107 172 18% - as % of net sales 47% 47% Pre-tax profit 939 1 129 190 20% - as % of net sales 47% 47% Net inc
Slide 3: Key Performance Indicators
Н ЛМК Key Performance Indicators NLMK Net sales EBITDA, as % of net sales 5 000 3 500 56% 60% 4 539 52% 51% 3 000 50% 4 000 41% 2 551 2 500 millions of US dollars millions of US dollars 35% 40% 3 000 2 000 2 468 2 377 1 977 30% 2 000 1 712 1 500 1 220 1 002 1 030 20% 1 000 1 000 604 500 10% 0 0 0% 2
Slide 4: Consolidated Balance Sheet
Н ЛМК Consolidated Balance Sheet NLMK Assets As of Dec. As of June change (millions of US dollars) 31, 2004 30, 2005 +/- % Current assets 2 587 3 208 620 24% - share (%) 50% 55% Non-current assets 2 578 2 620 41 2% - share (%) 50% 45% Total assets 5 166 5 828 662 13% Liabilities & Stockholders' equi
Slide 5: Financial Highlights
Н ЛМК Financial Highlights NLMK Return on equity & return on assets Liquidity measures 60% 7 52% 6,0 50% 6 5,5 43% 4,9 4,8 5 4,7 40% 37% 4,2 4,0 3,9 31% 4 28% 30% 25% 3 19% 17% 20% 2 10% 1 0% 0 2002 2003 2004 1H05 2002 2003 2004 1H05 Return on equity (ROE) Return on assets (ROA) Current ratio Liquid
Slide 6: Consolidated Cash Flow Statement
Н ЛМК Consolidated Cash Flow Statement NLMK change 1H04 1H05 (millions of US dollars) +/- Net cash provided by operating activities 534 738 204 Investing activities - Acquisitions of subsidiaries -151 0 - Purchase of property, plant and equipment -89 -258 - Sale / (Purchase) of investments 8 4 - Mov
Slide 7: Financial Highlights
Н ЛМК Financial Highlights NLMK Net cash inflow from operating activities Net increase in cash & cash equivalents 1 800 1 669 2000 1 600 424 1 400 1500 millions of US dollars millions of US dollars 1 200 619 1 000 738 1000 800 668 497 534 600 347 400 500 200 194 0 0 2002 2003 2004 1H04 1H05 2002 200
Slide 8: Financial Highlights
Н ЛМК Financial Highlights NLMK Capital expenditure Depreciation 300 300 269 265 244 239 250 250 millions of US dollars millions of US dollars 200 200 158 154 146 140 150 150 109 92 100 100 50 50 0 0 2002 2003 2004 1H04 1H05 2002 2003 2004 1H04 1H05 Operating cash flow ratio Capital expenditure rati
Slide 9: Production Highlights
Н ЛМК Production Highlights NLMK change 1H04 1H05 (thousands of tonnes) +/- % Pig iron 4 489 3 819 -669 -15% Steel 4 586 4 088 -498 -11% BOF steel 4 567 4 070 -498 -11% - share (%) 99,6% 99,6% EAF steel 19 19 0 0% - share (%) 0,4% 0,5% Finished steel products 4 323 3 854 -470 -11% Flats 2 206 2 133
Slide 10: Production Highlights
Н ЛМК Production Highlights NLMK Pig iron production Steel production 10 000 8 994 10 000 9 123 8 623 8 553 8 854 8 047 8 000 8 000 thousands of tonnes thousands of tonnes 6 000 6 000 4 489 4 586 3 819 4 088 4 000 4 000 2 000 2 000 0 0 2002 2003 2004 1H04 1H05 2002 2003 2004 1H04 1H05 Finished steel