PJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2020 Financial Results

                     24 April 2020

Magnitogorsk, Russia

Notice of Q1 2020 IFRS financial results webcast & conference call

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to invite the investment community to join the MMK Q1 2020 IFRS financial results webcast & conference call.

Date:      Wednesday, April 29, 2020
Time:  

Participants:

Andrey Eremin, CFO

Mariya Nikulina, Finance Director

Veronika Kryachko, Head of IR

Conference call dial-in details:

Conference ID: 474530

Registration for live audio webcast is available by the link.

Please dial in 10-15 minutes prior to the scheduled time of the conference call.

The call will be recorded and there will be a replay facility available for 7 days as follows:

Replay Passcode: 1073839

All related materials will be published on the Investors section of the Company's website.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Company'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 rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2019, the Company produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of $7,566 mln and EBITDA of $1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Company's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's, S&P.

MMK's ordinary shares are traded on Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%.

Investor contacts

Veronika Kryachko 

tel.: +7 (3519) 25-75-01 

E-mail: [email protected]

Media contacts