Novolipetsk Steel2018年年度报告.pdf

1、2018ANNUAL REPORTNLMK GROUP3ABOUT NLMK ContentsAbout Company2018 highlights 4Presidents Statement 6About the Report 8Company profile 12Strategy and business review 26Sustainability management 502018 performance review 58Five-year highlights 62 GovernanceCorporate governance 64Operational control and

2、 risk management 98Information for shareholders and investors 112 Our Team Stakeholder dialogue 116Supply chain management 122Human rights 128Our employees 132Occupational health and safety 148Developing local communities 156 EnvironmentEnvironmental protection 164Energy efficiency 180 Appendices 19

3、12018 highlightsSustainable Strategy 2017 gainsStrategy 2017 gains continue todrive our performance1,$m Growing dividendsConsistent growth in dividend payments,$bnRecord operating results Sales hit an all-time high2,m tStrengthening financial standingLow leverage(Net debt/EBITDA)Growth of business p

4、rofitabilityConsistently expanding EBITDA margins,$bn High occupational safety standardsReduced injury rates,employeesand contractors(LTIFR3,NLMKGroup)201420152016201720181.61.150.851.120.77Setting records in operations Record performance:steel output increased to 17.5 million tonnes;sales grew to 1

5、7.6 million tonnes,hitting an all-time high for the Company.NLMK Group retained its leadership on the Russian market in terms of steel output,and consolidated its positions on global markets.Stable financials and debt reduction Revenue grew to$12.0 billion;NLMKs EBITDA increased by 35%yoy to$3.6 bil

6、lion,while its EBITDA margin grew to 30%.Net debt/EBITDA decreased to 0.25x.Strategy in action In 2018 EBITDA gains from the operational efficiency programme totalled$189 million to the 2017 cost base.The impact of capex projects executed as part of Strategy 2017 totalled$121 million.Total gains fro