Page 8-9 - MMK annual report 2011

Basic HTML Version

/ 2011 /
Management
Social Sphere
Risks
Finances
Sales Markets
About Us
Information
ANNUAL REPORT
8
9
2010
2011
Output of finished steel products
Total Debt/EBITDA
Profit (loss) for the period
CAPEX (financing of acquisition of fixed assets)
1.409 million tonnes
11.158 million tonnes
USD 1,336 million
USD 1,606 million
3.968 million tonnes
4.066 million tonnes
USD 9,306 million
USD 7,719 million
USD 340/t
USD 474/t
14%
USD 365 million
21%
USD 610 million
3.31
2.21
USD 232 million
USD 2,209 million
USD 1,154 million
EBITDA
Output of high value added products
Revenue
Cash-cost of slabs
EBITDA margin
Operating income
JANUARY
Metallosnabzhenie & Sbyt magazine recognized MMK as the largest producer of flat products
in Russia.
FEBRUARY
MMK launched a new version of its official website (http://www.mmk.ru), introducing online
ordering for our customers.
MARCH
Russian President Dmitry Medvedev visited MMK and held an on-site session of the
Government's Commission for Modernization and Technological Development.
APRIL
Renault-Nissan confirmed the compliance of MMK’s quality management system with the
automaker's standards.
MAY
Fitch Ratings upgraded MMK's long-term issuer default rating from ВВ to BB+, and the long-
term national scale rating, from АА- (rus) to АА (rus).
JULY
MMK launched the first stage of the 2,000 mm Cold Rolling Complex at a ceremony attended
by Russia’s Prime Minister Vladimir Putin. The key product from the 2.0 mtpy complex will be
premium-quality cold-rolled and galvanized steel sheet for exterior and interior car parts.
SEPTEMBER
MMK announced the completion of a USD 485 million deal to buy out 50 % minus one share of
its partner in its Turkish steel JV, thus consolidating 100 % of the MMK Metalurji subsidiary.
NOVEMBER
MMK launched an electronic auction platform for online purchasing of materials and
equipment.
FEBRUARY 2012
MMK’s Anniversary: 80 years ago, on 1 February 1932, MMK’s first blast furnace produced first
pig iron. This day marked the birth of MMK.
HIGHLIGHTS OF 2011
MMK Group’s Financial Results for 2011