MMK in Brief
1. Industry Sector: steelmaking, metals & mining
2. MMK share in Russian steel industry (2016): 18.1% (1st place)
3. Crude steel production (2016): 12.5 mln tons
4. Commercial steel products (2016): 11.6 mln tons
5. MMK Group revenue (2016): USD 5.630 bn
6. Free-float: 12.7%
| Exchange | Ticker |
|---|---|
| MICEX-RTS | MAGN |
| LSE | MMK |
7. Shareholders` Equity
Structure of Shareholders` Equity as of 02.05.2017
| Shareholder | Share in authorized capital |
|---|---|
| Mintha Holding Limited* | 87.26% |
| Non-bank credit organization Joint Stock Company "National Settlement Depositary" | 11.62% |
| Other | 1.12% |
| Total | 100% |
** 05.09.2017 Mintha Holding Limited has sold 335,229,900 ordinary shares in the PJSC MMK, representing 3% of the authorized capital of the PJSC MMK, to Goldman Sachs International for resale to investors. Following the sale, the ownership interest of Mintha Holding Limited in the MMK's authorized capital is 84.26% and the free float of the PJSC MMK is 15.74%. http://eng.mmk.ru/press_center/71822/.
MMK’s management is not aware of any shareholders holding over 5% of the Company’s shares other than those disclosed above.
8. Governing bodies
Board of Directors
MMK's Board of Directors consists of 10 members (5 of them independent).
The chairman of the Board of Directors is Victor F. Rashnikov.
The Board also comprises 3 committees in important spheres of corporate governance.
Sole (Individual) Executive Body
CEO of MMK Pavel Shiliayev.
9. Key indicators for MMK Production Facilities in Russia
| Sales breakdown by products, 2016 | Regional sales structure, 2016 | Sales breakdown by consuming sectors (Russia & CIS), 2016 |
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10. Key financial and production results
|
Production, '000 tons |
FY16
|
FY15
|
FY14
|
FY13
|
FY12
|
FY11 |
FY10 |
FY09 |
|---|---|---|---|---|---|---|---|---|
| Pig iron | 9 652 | 10 132 | 10 280 | 9 586 |
10 121 |
9 496 |
9 234 | 8 163 |
| Crude steel | 12 544 |
12 236 |
13 031 | 11 941 |
12 247 |
11 724 |
11 419 | 9 618 |
| MMK steel products: | 11 325 | 11 012 | 11 650 | 10 667 |
11 029 |
10 646 |
10 245 | 8 764 |
| Slabs and billets | 104 | 41 | 75 | 9 |
48 |
157 |
209 |
3 |
| Long products | 1 730 | 1 703 | 1 827 | 1 814 |
1 739 |
1 499 |
1 065 |
1 004 |
| Flat hot-rolled products | 5 320 | 5 178 | 5 403 | 4 647 |
5 453 |
5 708 |
5 524 |
5 355 |
|
High value-added products |
4 170 | 4 090 | 4 345 | 4 197 |
3 789 |
3 283 |
3 448 |
2 401 |
| Iron ore | 3 260 | 3 215 | 3 387 | 3 723 |
4 153 |
4 825 |
4 680 |
3 982 |
| MMK-Metiz steel products | 409 | 418 | 508 | 535 |
494 |
465 |
450 | 309 |
| MMK Metalurji steel products | 854 | 795 | 690 | 664 |
901 |
505 |
156 | 33 |
| MMK Group HVA products share | 46% | 47% | 45% | 48% |
41% |
36% |
38% | 31% |
| Coking coal concentrate | 2 870 | 2 822 | 2 942 | 2 858 |
3 325 |
3 216 |
2 960 | 2 460 |
| Steam coal concentrate | - | - | - | - |
- |
- |
2 491 | 2 019 |
| Financials, mln USD |
|
|
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| P&L |
|
|
|
|
||||
| Revenue | 5 630 | 5 839 | 7 952 | 8 190 |
9 328 |
9 306 |
7 719 | 5 081 |
| Cost of sales | -3 817 | -4 054 | -6 212 | -6 967 |
-7 881 |
-7 756 |
-5 952 | -3 490 |
| Gross profit | 1 813 | 1 785 | 1 740 | 1 223 |
1 447 |
1 550 |
1 767 | 1 141 |
| General and administrative expenses | -207 | -221 | -381 | -524 |
-568 |
-560 |
-495 | -349 |
| Selling and distribution expenses | -443 | -448 | -529 | -609 |
-549 |
-499 |
-565 | -453 |
| EBITDA | 1 956 | 1 668 | 1 607 | 1 223 |
1 363 |
1 336 |
1 606 | 1 285 |
| Margin EBITDA, % | 34.7% | 28.6% | 20.2% | 14.9% |
14.6% |
14% |
21% | 25% |
| Operating profit | 1 462 | 1 116 | 803 | 174 |
273 |
365 |
610 | 288 |
| Profit before income tax | 1 342 | 613 | -54 | -2 735 |
-56 |
-141 |
290 | 257 |
| Profit for the period | 1 111 | 421 | -44 | -2 429 |
-87 |
-125 |
232 | 219 |
| Basic and diluted earnings per share, USD | 0.099 | 0.038 | -0.004 | -0.218 |
-0.008 |
-0.01 |
0.02 | 0.02 |
| Earnings per GDR (13 shares per 1 GDR), USD | 1.29 | 0.49 | -0.05 | -2.83 |
-0.10 |
-0.13 |
0.26 | 0.26 |
| Balance Sheet |
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|
|
|
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| Total assets | 6 501 | 6 157 | 7 857 | 12 148 |
16 292 |
16 295 |
16 738 | 14 833 |
| Debt | 500 | 1 847 | 2 587 | 3 180 |
3 880 |
4 416 |
3 548 | 2 118 |
|
Equity attributable to shareholders of the Parent Company |
4 693 | 3 307 | 3 910 | 6 828 |
9 665 |
9 289 |
10 257 | 9 957 |
| Non-controlling interests | 18 | 13 | 32 | 33 |
155 |
159 |
429 | 368 |
| Cash Flow Statement |
|
|
|
|
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| Cash generated from operations | 1 548 | 1 642 | 1 453 | 1 047 |
1 429 |
578 |
1 173 | 839 |
| Net cash used in investing activities, incl.: | 264 | -421 | -630 | -351 |
-588 |
-1 128 |
-2 005 | -1 689 |
| Purchase of PPE and intangible assets | -463 | -348 | -497 | -622 |
-674 |
-1 154 |
-2 209 | -1 624 |
| Net cash (used in) / generated by financing activities | -1 575 | -693 | -259 | -737 |
-588 |
426 |
1 163 | -40 |
Documents for download
-
MMK Factsheet
(application/pdf, 0.19 MB)
