Investor Presentaiton
Debt & Liquidity Position
As of YE 2012 total debt amounted to US$ 5 bn with a US$ 1
bn cash pile
Balanced debt portfolio comprising both bank and capital
market instruments
Strong liquidity reserve formed of available cash & cash
equivalents and bank lines
Comfortable Net debt/EBITDA remains below 1x
The Highest Rating Among Peers
NORILSK NICKEL
Xstrata
NLMK
VALE
Metalloinvest
FREEPORT-MCMORAN
MCOPPER & GOLD
Severstal
M
Cash & debt dynamics, US$ mln
5,317
Baa2
Debt structure, US$ mln
Baa3
Ba category
5,317
5,405
5,141
5,141
5,023
5,023
3,986
2,345
3,632
2,797
3,514
2,400
2,497
2,797
1,685
1,627
1,561
1,037
2,972
2,741
2,526
1,236
2009
2010
2011
2012
2009
2010
2011
2012
■LT debt
■ST debt
NORILSK NICKEL
(2,608)
■Total debt
Net debt
Cash & cash equivalents
Source:
Company data
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