皇冠体育克利夫报告第四季度和2020年全年业绩

皇冠体育——（皇冠体育官网商业资讯）——CLEVELAND- cliffs Inc.（纽约证券交易所代码：CLF）今天公布了截至2020年12月31日的第四季度和全年业绩。

2020年12月9日，Cleveland-Cliffs完成了对ArcelorMittal USA LLC（“ArcelorMittal USA”）的几乎所有业务的收购，该公司已更名为Cleveland-Cliffs Steel LLC。本新闻稿中列出的结果仅考虑Cleveland-Cliffs Steel LLC在2020年12月9日至2020年12月31日期间的经营业绩。

由于安赛乐米塔尔皇冠体育官网收购的变革性质，该公司已更新其部门结构，以配合其新的商业模式。该公司现在有一个报告部门，炼钢。之前的采矿和制球部门包括在炼钢中，因为铁矿石球团是皇冠体育斯钢铁产品的主要原料。其他剩余的经营部门，包括模具和冲压，被归类为其他业务。

第四季度综合业绩

2020年第四季度的综合收入为23亿美元，而去年第四季度的收入为5.34亿美元。

2020年第四季度，公司净收入为7400万美元，即摊薄每股0.14美元。其中包括4400万美元的费用，即每股摊薄0.10美元，来自收购相关成本和库存增加摊销。相比之下，2019年第四季度的净收入为6300万美元，即摊薄后每股0.23美元，其中包括700万美元，即每股0.03美元的收购相关成本。

2020年第四季度调整后EBITDA1为2.86亿美元，而2019年第四季度为1.11亿美元。

全年综合业绩

2020年全年合并收入为54亿美元，而去年的收入为20亿美元。

2020年全年，公司录得净亏损8100万美元，其中包括1.86亿美元的收购相关、库存增加摊销和遣散费用。相比之下，2019年的净收入为2.93亿美元，其中包括900万美元的收购相关费用和遣散费。

2020年全年，调整后EBITDA1为3.53亿美元，而2019年为5.25亿美元。

董事长、总裁兼首席执行官Lourenco Goncalves表示：“毫无疑问，2020年是我们公司173年历史上最具变革性的一年。我们完成了AK Steel和安赛乐米塔尔皇冠体育官网公司（ArcelorMittal USA）这两笔影响深远的收购，使我们从一家铁矿石开采商转变为北美最大的扁钢生产商。我们还完成了在托莱多的直接还原工厂，该工厂于第四季度开始运营。我们能够在应对COVID-19大流行并采取行动长期维护员工和公司的健康和安全的同时实现所有这些目标。”

Goncalves先生补充说：“我们强劲的第四季度业绩只是我们期望在2021年实现的一个样本，届时我们将展示收购安赛乐米塔尔皇冠体育官网公司的全部规模，以及我们最先进的直接减量工厂的额外贡献。安赛乐米塔尔皇冠体育官网公司的资产整合到我们的投资组合中进行得非常顺利，我们从增加的市场敞口中受益匪浅，目前我们看到这些市场的价格处于历史最高水平。我们的差异化商业模式是在这种环境下完美发展起来的。”

贡萨尔维斯总结道：“我们将继续以严格的方式管理供应，并将让我们的订单决定我们的生产水平，而不是为了增加产量而增加产量。”我们还对环境做出了严肃而重要的承诺，制定了一项积极的计划，到2030年将温室气体排放量减少25%。2021年及以后等待我们的机会是巨大的，我们期待着充分展示这个转型后的企业所能取得的成就。”

炼钢

炼钢部门的业绩仅包括2020年12月9日至2020年12月31日皇冠体育-皇冠体育斯钢铁有限责任公司的业绩。以前的可比数据仅包括以前采矿和造粒部分的结果。

2020年第四季度炼钢收入为21亿美元，其中约8.59亿美元，占汽车市场销售额的41%；5.03亿美元，即对钢铁生产商销售额的24%，包括外部颗粒销售、板料和运费；3.74亿美元，占分销商和转换器市场销售额的18%；基础设施和制造业市场的销售额为3.63亿美元，占销售额的17%。

2020年第四季度炼钢成本19亿美元，包括1.05亿美元的折旧、损耗和摊销；库存增加费用的摊销为2200万美元。

流动性

截至2021年2月24日，公司的总流动资金约为26亿美元，其中包括约2亿美元的现金和约24亿美元的ABL信贷额度。在这一流动资金余额中，约8.5亿美元将如先前宣布的那样用于赎回优先票据。

前景

关于业务前景，Goncalves先生表示：“我们预计目前有利的市场环境将持续下去，我们钢铁销售中常见的众所周知的滞后定价机制将产生越来越积极的影响。随着皇冠体育-皇冠体育斯钢铁有限责任公司对整个季度钢铁销售的贡献，我们预计2021年第一季度钢铁产品净出货量约为400万吨，2021年第一季度调整后EBITDA比2020年第四季度有显着改善。此外，由于我们最初向外部客户销售HBI，我们2021年第二季度的盈利能力应该会进一步提高。”

在资本支出方面，Goncalves先生指出：“我们2021年全年的资本支出预计将保持在6亿至6.5亿美元之间。这包括大约5亿美元的维持资本和托莱多支出的6000万美元，其余部分与Precision Partners、Cleveland Works和Burns Harbor Works的小型增长项目有关。”

公司对以下项目提供了2021年全年的预期，用于建模：

• 销售、一般和管理费用：约4.5亿美元；
• 折旧、损耗和摊销：约7亿美元，以最终采购价格核算为准；
• 利息支出：约3.15亿美元的现金利息；包括非现金利息费用共计3.5亿美元；和
• 所得税：零皇冠体育官网联邦现金税，大约20%的有效所得税税率（非现金）。

电话会议信息

皇冠体育-皇冠体育斯公司（Cleveland-Cliffs Inc.）将于皇冠体育官网东部时间2021年2月25日上午10点召开电话会议。电话会议将进行现场直播，并存档在皇冠体育斯的网站：www.alphaetomega.net上。

关于皇冠体育-皇冠体育斯公司

皇冠体育斯是北美最大的扁钢生产商。我们成立于1847年，是一家矿山运营商，也是北美最大的铁矿石球团生产商。2020年，我们收购了两家主要钢铁制造商，AK钢铁公司和安赛乐米塔尔皇冠体育官网公司，将我们的传统铁矿石业务与以质量为重点的钢铁生产和重点放在汽车终端市场上进行垂直整合。我们完全集成的产品组合包括定制颗粒和热压块铁（HBI）；碳钢、不锈钢、电工、板材、马口铁及长钢制品；以及碳素和不锈钢管，冷热冲压和工装。总部位于俄亥俄州皇冠体育，我们在皇冠体育官网和加拿大的采矿，钢铁和下游制造业务中拥有约25,000名员工。

前瞻性陈述

This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding our current expectations, estimates and projections about our industry or our businesses, are forward-looking statements. We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are the following: disruptions to our operations relating to the COVID-19 pandemic, including the heightened risk that a significant portion of our workforce or on-site contractors may suffer illness or otherwise be unable to perform their ordinary work functions; continued volatility of steel and iron ore market prices, which directly and indirectly impact the prices of the products that we sell to our customers; uncertainties associated with the highly competitive and cyclical steel industry and our reliance on the demand for steel from the automotive industry, which has been experiencing a trend toward light weighting that could result in lower steel volumes being consumed; potential weaknesses and uncertainties in global economic conditions, excess global steelmaking capacity, oversupply of iron ore, prevalence of steel imports and reduced market demand, including as a result of the COVID-19 pandemic; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges, due to the COVID-19 pandemic or otherwise, of one or more of our major customers, including customers in the automotive market, key suppliers or contractors, which, among other adverse effects, could lead to reduced demand for our products, increased difficulty collecting receivables, and customers and/or suppliers asserting force majeure or other reasons for not performing their contractual obligations to us; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act (as amended by the Trade Act of 1974), the United States-Mexico-Canada Agreement and/or other trade agreements, tariffs, treaties or policies, as well as the uncertainty of obtaining and maintaining effective antidumping and countervailing duty orders to counteract the harmful effects of unfairly traded imports; impacts of existing and increasing governmental regulation, including climate change and other environmental regulation that may be proposed under the Biden Administration, and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, any governmental or regulatory authority and costs related to implementing improvements to ensure compliance with regulatory changes, including potential financial assurance requirements; potential impacts to the environment or exposure to hazardous substances resulting from our operations; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws; limitations on our ability to realize some or all of our deferred tax assets or net operating loss carryforwards; our ability to realize the anticipated synergies and benefits of our acquisitions of AK Steel and ArcelorMittal USA and to successfully integrate the businesses of AK Steel and ArcelorMittal USA into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees; additional debt we assumed, incurred or issued in connection with the acquisitions of AK Steel and ArcelorMittal USA, as well as additional debt we incurred in connection with enhancing our liquidity during the COVID-19 pandemic, may negatively impact our credit profile and limit our financial flexibility; known and unknown liabilities we assumed in connection with the acquisitions of AK Steel and ArcelorMittal USA, including significant environmental, pension and other postretirement benefits (“OPEB”) obligations; the ability of our customers, joint venture partners and third-party service providers to meet their obligations to us on a timely basis or at all; supply chain disruptions or changes in the cost or quality of energy sources or critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap, chrome, zinc, coke and coal; liabilities and costs arising in connection with any business decisions to temporarily idle or permanently close a mine or production facility, which could adversely impact the carrying value of associated assets and give rise to impairment charges or closure and reclamation obligations, as well as uncertainties associated with restarting any previously idled mine or production facility; problems or disruptions associated with transporting products to our customers, moving products internally among our facilities or suppliers transporting raw materials to us; uncertainties associated with natural or human-caused disasters, adverse weather conditions, unanticipated geological conditions, critical equipment failures, infectious disease outbreaks, tailings dam failures and other unexpected events; our level of self-insurance and our ability to obtain sufficient third-party insurance to adequately cover potential adverse events and business risks; disruptions in, or failures of, our information technology systems, including those related to cybersecurity; our ability to successfully identify and consummate any strategic investments or development projects, cost-effectively achieve planned production rates or levels, and diversify our product mix and add new customers; our actual economic iron ore and coal reserves or reductions in current mineral estimates, including whether we are able to replace depleted reserves with additional mineral bodies to support the long-term viability of our operations; the outcome of any contractual disputes with our customers, joint venture partners, lessors, or significant energy, raw material or service providers, or any other litigation or arbitration; our ability to maintain our social license to operate with our stakeholders, including by fostering a strong reputation and consistent operational and safety track record; our ability to maintain satisfactory labor relations with unions and employees; availability of workers to fill critical operational positions and potential labor shortages caused by the COVID-19 pandemic, as well as our ability to attract, hire, develop and retain key personnel, including within the acquired AK Steel and ArcelorMittal USA businesses; unanticipated or higher costs associated with pension and OPEB obligations resulting from changes in the value of plan assets or contribution increases required for unfunded obligations; and potential significant deficiencies or material weaknesses in our internal control over financial reporting.

有关影响Cliffs业务的其他因素，请参阅第I部分第1A项。截至2019年12月31日的年度10-K表年度报告的风险因素，截至2020年3月31日和2020年9月30日的季度10-Q表季度报告以及向皇冠体育官网证券交易委员会提交的其他文件。

资料来源：Cleveland-Cliffs Inc。

财务表如下

皇冠体育-皇冠体育斯公司子公司的非公认会计准则调整- ebitda和调整后的ebitda

除了按照皇冠体育官网公认会计准则提交的合并财务报表外，公司还在合并的基础上提交了EBITDA和调整后EBITDA。EBITDA和调整后EBITDA是管理层在评估经营业绩时使用的非公认会计准则财务指标。这些指标的表述不应被视为与按照皇冠体育官网公认会计准则编制和表述的财务信息分离、替代或优于。这些指标的表述可能与其他公司使用的非公认会计准则财务指标不同。下表提供了这些合并措施与其最直接可比的GAAP措施的对账。

在businesswire网站上查看源代码：https://www.businesswire.com/news/home/20210225005334/en/

媒体联系人：Patricia Persico主任，全球通讯（216）694-5316

投资者联系人：Paul Finan副总裁，投资者关系（216）694-6544

资料来源：Cleveland-Cliffs Inc。

2021年2月25日上映