www.evraz.com
US$m 2010 2009 2008 2007 2006 2005 2004 2003
(unless otherwise shown, IFRS)
Income statement*
Revenues 13394 9,772 20,380 12,859 8,292 6,508 5,933 2,168
Cost of revenues (10 319) (8 124) (13 463) (7 976) (5 163) (4 172) (3 514) (1 635)
Gross profit 3075 1,648 6,917 4,883 3,129 2,336 2,447 559
SG&A (1 539) (1 254) (1 751) (1 220) ( 737) ( 648) ( 539) ( 193)
EBITDA(1) 2350 1,237 6,206 4,305 2,642 1,859 2,017 476
EBITDA margin 18% 13% 30% 33% 32% 29% 34% 22%
Profit from operations 1330 195 3,632 3,468 2,298 1,582 1,837 336
Profit before tax 695 ( 338) 3,051 3,125 2,087 1,528 1,722 328
Net profit(2) 548 295 1,797 2,103 1,377 918 1,180 205
Earning per share, US$ 3.95 ( 2.19) 14.55 17.62 11.66 8.14 11.00 1.91
Earning per GDR(3), US$ 1.32 ( 0.73) 4.85 5.87 3.87 2.71 3.67 0.64
Balance sheet*
Total assets 17601 16,925 19,451 18,637 8,510 6,754 4,253 2,232
Net debt(4) 7127 7,230 9,031 6,404 1,728 1,693 1,073 514
Equity 5998 5,442 4,672 5,950 4,066 2,708 1,609 367
Minority interests 247 275 245 406 169 179 358 193
Cashflow statement*
Cashflow from operating activities 1662 1,698 4,563 2,994 2,084 1,496 946 43
Cashflow used in investing activities ( 757) 179 (3 736) (5 650) (1 569) (1 753) (8 167) (3 589)
including Capex ( 832) ( 441) (1 103) ( 744) ( 651) ( 695) ( 534) ( 220)
Cashflow from/(used in) financing ( 886) (2 149) ( 127) 2 112 ( 341) 607 ( 36) 462
Sales volume(5), 15,506 14,282 17,021 16,439 16,000 12,860 13,111 10,810
'000 tonnes
* - For 2009 data: The amounts shown here do
not correspond to the 2009 financial statements
and reflect adjustments made
in connection with the changes in accounting
policies and the completion of initial accounting.
(1) Adjusted EBITDA represents profit from operations plus depreciation and amortisation, impairment of assets and loss (gain) on disposal of PP&E.
(2) Attributable to equity holders of the parent entity.
(3) 1 share represents 3 GDRs.
(4) Net Debt represents long-term loans, net of current portion, plus short-term loans and current portion of long term loans less cash and cash equivalents (excluding restricted deposits).
(5) Steel product sales to external customers only
1 11/14/2011
www.evraz.com
US$m 1H 2011 1H 2010 1H 2009 1H 2008 1H 2007 1H 2006 1H 2005 1H 2004
(unless otherwise shown, IFRS)
Income statement (unaudited)*
Revenues 8,380 6,379 4,639 10,723 6,018 3,825 3,632 2,856
Cost of revenues (6,183) (4,919) (4 297) (6 616) (3 724) (2 517) (2 251) (1 724)
Gross profit 2,197 1,460 342 4,107 2,294 1,308 1,381 1,148
SG&A ( 996) ( 738) ( 595) ( 960) ( 492) ( 346) ( 334) ( 239)
EBITDA(1) 1,629 1,154 468 3,706 2,050 1,096 1,119 968
EBITDA margin 19.4% 18.1% 10.1% 34.6% 34.1% 28.7% 30.8% 33.9%
Profit from operations 859 691 (1 046) 3,056 1,745 934 1,005 887
Profit before tax 473 307 (1 260) 2,889 1,625 848 985 828
Net profit(2) 258 174 ( 999) 2,039 1,122 568 612 583
Earning per share, US$ 1.86 1.26 ( 7.55) 16.12 9.52 4.86 5.65 5.43
Earning per GDR(3), US$ 0.62 0.42 ( 2.52) 5.37 3.17 1.62 1.88 1.81
Balance sheet**
Total assets 19,202 17,539 23,424 24,234 14,446 7,432 5,504
Net debt(4) 6,042 7,127 7,783 9,031 4,743 1,833 736
Equity 7466 5,936 9,884 7,233 5,073 3,445 2,857
Minority interests 254 247 309 374 119 217 299
Cashflow statement (unaudited)*
Cashflow from operating activities 1594 744 1,123 2,449 1,651 904 727 187
Cashflow used in investing activities ( 457) ( 385) 380 (3 166) (3 636) (1 036) ( 657) ( 527)
including Capex ( 462) ( 397) ( 203) ( 528) ( 235) ( 262) ( 280) ( 239)
Cashflow from/(used in) financing ( 702) ( 304) (1 775) 1,304 1,525 ( 45) 316 333
(5) 7946 7714
7,714 6,823 9,473 8,466 8,344 6,750 6,612
Sales volume , ‘000 tonnes
* - For 1H2010 data: The amounts shown here do not correspond to the 2010 unaudited interim condensed consolidated financial statements and reflect adjustments made in connection with the changes in accounting policies and the completion of initial accounting
** - For 1H2010 data: The amounts shown here do not correspond to the 2010 consolidated financial statements and reflect adjustments made in connection with the completion of initial accounting
(1) Adjusted EBITDA represents profit from operations plus depreciation and amortisation, impairment of assets and loss (gain) on disposal of PP&E.
(2) Attributable to equity holders of the parent entity.
(3) 1 share represents 3 GDRs.
(4) Net Debt represents long-term loans, net of current portion, plus short-term loans and current portion of long term loans less cash and cash equivalents (excluding restricted deposits).
(5) Steel product sales to external customers only
2 11/14/2011