OREANDA-NEWS. Metalloinvest (“the Company”), a leading global iron ore and HBI producer, today publishes its IFRS interim management statement for the third quarter ended September 30, 2013.

Despite the challenging conditions at iron ore and steel markets, Metalloinvest's financial results for the third quarter and 9 months of 2013 outperformed our plan.

FINANCIAL HIGHLIGHTS

Revenue USD 1,751 mn (-6.0% q-o-q1 )

EBITDA USD 480 mn (-26.3%)

EBITDA margin 27.4% vs. 35.0% in Q2 2013

Net Income USD 258 mn (-25.4%)

Net Debt USD 5,552 mn (-0.7% compared to 30 June 2013)

Net Debt / EBITDA LTM2 2.73x vs. 2.61x as of 30 June 2013

Capital Expenditure USD 119 mn (-19.1%)

Total Assets USD 10,005 mn (+2.7% compared to 30 June 2013)

PRODUCTION HIGHLIGHTS

Iron ore 9.5 mn tonnes (-1.1%)

Pellets 5.7 mn tonnes (+4.2%)

HBI/DRI 1.3 mn tonnes (-2.7%)

Hot metal 0.6 mn tonnes (+0.5%)

Crude steel 1.1 mn tonnes (-1.0%)

CORPORATE HIGHLIGHTS

Implementation of construction and assembly works at Pellet Plant #3 at MGOK

First conference on the theory and practice of HBI application in steelmaking

Launch of the modernised sewage water cleaning facility at OEMK

Extension of the long-term collaboration agreement with Chelyabinsk Pipe-Rolling Plant

Pavel Mitrofanov, Deputy CEO - Chief Financial Officer of Management Company Metalloinvest, commented:

“Metalloinvest continued implementation of one of the Company's key projects - the construction of Pellet Plant #3 at MGOK. While planning future investments we will particularly focus on the Company's leverage level and debt maturity schedule, which the Company constantly optimise”.