ltifr decrease in the number of accidents due to the implementation of measures aimed at improving the
production safety culture and eliminating the root causes of accidents.
- 4.6% Y-o-Y
SPECIFIC AIR
EMISSIONS Specific air emissions in 12M 2020 were down 4.6% y-o-y to 17.15 kg per tonne, driven by the construction
and launch of Sinter Plant No. 5 in mid-2019, which boasts an advanced gas-cleaning system, coupled with
the subsequent decommissioning of Sinter Plant No. 4.
In Q4 2020, specific air emissions decreased by 1.6% q-o-q to 17.4 kg/tonne on the back of higher share
of EAF steel in the total steel output.
COVID-19
RESPONSE
? The COVID-19 response centre established at MMK and led by the CEO has continued to operate. In line
with all the measures introduced in spring, office employees work remotely, the number of personnel
at production sites is reduced, and shifts are separated by pauses.
? The Group continuously monitors the situation and takes all necessary steps to prevent the spread and
reduce the risk of coronavirus infection.
? The stable demand in the domestic and international markets will support sales in Q1 2021. The
premium product capacity utilisation rate will remain at 100%.
? The major increase in metallurgical raw material prices and positive dynamics of global prices for
metal products will support the growth of prices for MMK Group's metal products in Q1 2021.
OUTLOOK
? CAPEX for Q1 2021 is expected to grow q-o-q, in line with the implementation schedule for projects
pursued under the Group's strategy.
? Operational excellence initiatives under the updated strategic initiatives will further boost the
Group's profitability in Q1 2021.
ABOUT MMK
MMK is one of the world's largest steel producers and a leading Russian metals company.
The Group's operations in Russia include a large steel-producing unit encompassing the
entire production chain, from the preparation of iron ore to downstream processing of Subscribe to our official MMK
rolled steel. MMK turns out a broad range of steel products, with a predominant share of channel on Telegram to be the
high-value-added products. In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 first to know about key MMK
mln tonnes of commercial steel products. news.
MMK is an industry leader in terms of production costs and margins. Group revenue in 2019
totalled USD 7,566 mln, with an EBITDA of USD 1,797 mln. MMK boasts the industry's lowest
debt burden. Net debt/EBITDA ratio was -0.13? at the end of 2019. The Group's
investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's
and S&P.
MMK's ordinary shares are traded on the Moscow Exchange, while its depositary receipts
are traded on the London Stock Exchange. Free float amounts to 15.7%.
KEY UPCOMING EVENTS IN 2021
Veronika Kryachko
+7 915 380 6266 kryachko.vs@mmk.ru Financial calendar
ESG DEPARTMENT 27 January Video conference for retail investors, Finam
Yaroslava Vrubel 2 February Q4 and 12M 2020 IFRS financials
+7 982 282 9682
vrubel.ys@mmk.ru 10 February Citi virtual Russia Credit Investor Day
25 February Video conference for retail investors, Smart-lab Dmitry Kuchumov +7 985 219 2874 kuchumov.do@mmk.ru Oleg Egorov +7 903 971 8837 egorov.oa@mmk.ru -----------------------------------------------------------------------------------------------------------------------
ISIN: US5591892048
Category Code: TST
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 92233
EQS News ID: 1163163
End of Announcement EQS News Service
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(END) Dow Jones Newswires
January 26, 2021 01:55 ET (06:55 GMT)
