Cleveland-Cliffs Inc .)报告2020年第三季度业绩

• 第三季度净收入200万美元
• 第三季度调整后EBITDA1为1.26亿美元
• 第三季度营运现金为2.46亿美元

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9月30日的第三季度业绩。

该公司报告总收入为16亿美元，而去年第三季度的综合收入为5.56亿美元。

公司在2020年第三季度的净收入为200万美元。摊薄后每股亏损0.02美元，其中包括2,200万美元（摊薄后每股亏损0.06美元）的收购成本、遣散费和库存增加摊销。相比之下，去年第三季度的净利润为9100万美元，摊薄后每股收益为0.33美元。截至2020年9月30日的九个月中，公司净亏损1.55亿美元，而2019年同期的净收入为2.3亿美元。

在2020年第三季度，公司从运营中产生了2.46亿美元的现金，并在资本支出上花费了9600万美元，相当于产生了1.5亿美元的自由现金流。

2020年第三季度，公司报告调整后的EBITDA1为1.26亿美元。这一数额包括5000万美元的闲置成本和2900万美元的公司间颗粒销售相关的公司利润消除。

Cliffs董事长、总裁兼首席执行官Lourenco Goncalves表示：“我们强劲的第三季度业绩反映了我们在第二季度采取行动的积极成果，当时我们看到了机会，而其他人却陷入瘫痪。在我们的主要市场——汽车行业——经历了整个行业前所未有的停产的近三个月里，我们准备好了库存和工厂，以便在我们的客户一恢复业务就做好准备。其直接结果是，我们在本季度产生了1.5亿美元的自由现金流。”

贡萨尔维斯补充说：“我们的结果表明，我们能够迅速有效地扭转局面。我们在新收购的钢铁资产中实施了新的经营方式，整个公司的强劲成本表现证明了这一点，这使我们能够从需求的改善和更高的销售价格中受益。虽然第三季度开始缓慢，7月份的潜在需求与6月份没有太大差异，但整个季度的商业活动逐渐改善，9月份的发货量恢复到上年同期水平。这一势头一直持续到10月份，因此，我们期待第四季度的财务业绩进一步改善。”

Goncalves先生总结道：“9月28日，我们宣布收购安赛乐米塔尔皇冠体育官网公司，我们预计将在今年年底完成这笔交易。我们继续为皇冠体育-克利夫斯的未来感到兴奋，这些资产组合都在一个屋檐下，以及随之而来的重大优化机会。这笔交易的完成也应该与我们托莱多HBI工厂的启动同时进行，该工厂目前正在投入使用。有了所有这些，我们将以高基调结束这一独特而充满挑战的一年，并为2021年的轰动和变革做好准备。”

钢铁和制造业

钢铁和制造业收入为13亿美元，其中汽车市场销售额为9.2亿美元，占73%；1.99亿美元，占基础设施和制造业市场销售额的16%；1.43亿美元，占分销商和转换器市场销售额的11%。

2020年第三季度销售商品的钢铁和制造成本为12亿美元，其中包括约3900万美元的闲置相关成本；公允价值存货增量摊销1500万美元；折旧，损耗和摊销是5200万美元。

采矿和造球

第三季度采矿和造粒颗粒销售量为490万长吨，其中公司间销售量为120万长吨。每吨现金成本为每长吨68美元，其中包括每长吨约2美元的闲置成本。

公司和淘汰

2020年第三季度来自企业和取消的调整后EBITDA包括从采矿和造粒部门到钢铁和制造部门的铁矿石销售的公司间利润取消约2900万美元，以及企业销售、一般和管理费用约2300万美元。

流动性

截至2020年10月19日，公司的流动资金总额约为12亿美元，其中包括约1亿美元的现金和约11亿美元的ABL信贷额度。在第三季度，公司额外偿还了1.5亿美元的未偿ABL借款，并在过去6个月偿还了4亿美元的借款。

展望及市场评论

所有展望预测仅涉及Cliffs目前的定位，并不考虑即将收购安赛乐米塔尔皇冠体育官网公司的大部分业务，该交易预计将于2020年第四季度完成，但须获得监管部门的批准并满足其他惯例成交条件。

关于业务前景，Goncalves先生表示：“随着我们继续以非常健康的速度履行汽车客户的订单，随着我们的设施恢复正常的开工率和当前的定价，我们预计第四季度调整后的EBITDA业绩将进一步改善。这考虑到我们的钢铁和制造以及采矿和造粒部门的出货量增加，以及闲置成本的预期大幅降低。”

该公司已将2020年全年资本支出预算下调至约5亿美元。第四季度的支出预计约为1.25亿美元，其中包括与托莱多HBI工厂完工相关的6500万美元和1500万美元的资本化利息。

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2020年10月23日上午10点召开电话会议。电话会议将现场直播，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-克利夫斯成立于1847年，是北美最大的垂直整合的差异化铁矿石和钢铁生产商之一。该公司以非商品化产品为重点，具有独特的优势，可以为注重质量的客户群提供定制的铁矿石球团和钢铁解决方案。AK Steel是Cleveland-Cliffs的全资子公司，是一家领先的扁钢、不锈钢和电工钢产品生产商。AK管和精密合作伙伴业务为客户提供碳和不锈钢管产品，模具设计和工具，以及热冲压和冷冲压部件的解决方案。到2020年，Cliffs还预计将成为五大湖地区唯一的热压块铁（HBI）生产商。皇冠体育-克利夫斯总部位于俄亥俄州皇冠体育，在皇冠体育官网和加拿大拥有约11,000名员工，从事采矿和钢铁制造业务。更多信息，请访问www.alphaetomega.net或www.aksteel.com。

前瞻性陈述

This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to our operations and business environment that are difficult to predict and may be beyond our control. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These statements speak only as of the date of this release, and we undertake no ongoing obligation, other than that imposed by law, to update these statements. Uncertainties and risk factors that could affect our future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges, due to the ongoing 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; uncertainty and weaknesses in global economic conditions, including downward pressure on prices caused by the COVID-19 pandemic, oversupply of imported products, reduced market demand and risks related to U.S. government actions with respect to Section 232, the USMCA and/or other trade agreements, treaties or policies; uncertainties associated with the highly competitive and highly cyclical steel industry and reliance on the demand for steel from the automotive industry; continued volatility of steel and iron ore prices and other trends, which may impact the price-adjustment calculations under certain of our sales contracts; our ability to cost-effectively achieve planned production rates or levels, including at our HBI production plant currently under construction; our ability to successfully identify and consummate any strategic investments or development projects, including our HBI production plant; the impact of our steelmaking customers reducing their steel production due to the COVID-19 pandemic, or increased market share of steel produced using methods other than those used by our customers, or increased market share of lighter-weight steel alternatives, including aluminum; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit cash flow available to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; our actual economic iron ore reserves or reductions in current mineral estimates, including whether any mineralized material qualifies as a reserve; our ability to successfully diversify our product mix and add new customers; the outcome of any contractual disputes with our customers, joint venture partners or significant energy, material or service providers or any other litigation or arbitration; problems or uncertainties with sales volume or mix, productivity, transportation, environmental liabilities, employee-benefit costs and other risks of the steel and mining industries; impacts of existing and increasing governmental regulation and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorization of, or from, any governmental or regulatory entity and costs related to implementing improvements to ensure compliance with regulatory changes; our ability to maintain appropriate relations with unions and employees; 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; events or circumstances that could impair or adversely impact the viability of a production plant or mine and the carrying value of associated assets, as well as any resulting impairment charges; uncertainties associated with natural disasters, weather conditions, unanticipated geological conditions, supply or price of energy, equipment failures, infectious disease outbreaks and other unexpected events; adverse changes in interest rates, foreign currency rates and tax laws; the potential existence of significant deficiencies or material weakness in our internal control over financial reporting; our ability to realize the anticipated benefits of the Merger and to successfully integrate the businesses of AK Steel into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees, as well as realizing additional future synergies; additional debt we assumed or issued in connection with the Merger, 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; changes in the cost of raw materials and supplies; supply chain disruptions or poor quality of raw materials or supplies, including scrap, coal, coke and alloys; disruptions in, or failures of, our information technology systems, including those related to cybersecurity; unanticipated costs associated with healthcare, pension and OPEB obligations; the completion of the Transaction on the anticipated terms and timing or at all, including the receipt of regulatory approvals and anticipated tax treatment; our ability to integrate ArcelorMittal USA's businesses and our existing businesses successfully and to achieve anticipated synergies from the Transaction; business and management strategies for the maintenance, expansion and growth of the combined company's operations following the consummation of the Transaction; potential litigation relating to the Transaction that could be instituted against us or our officers and directors; disruptions from the proposed Transaction that have the potential to harm our or ArcelorMittal USA's businesses, including current plans and operations; our ability to retain and hire key personnel, including within the ArcelorMittal USA businesses following the completion of the Transaction; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transaction; and additional debt we incur, or other proposed financing transactions we may enter into, in connection with the Transaction may negatively impact our credit profile and limit our financial flexibility.

有关影响Cliffs业务的其他因素，请参阅截至2020年6月30日季度期间Cliffs的10-Q表格季度报告中的“风险因素”。

我们敦促您仔细考虑这些风险因素。

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和调整后的EBITDA。EBITDA和调整后的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。

皇冠体育-皇冠体育斯公司子公司非公认会计准则调节解释

公司提出了每长吨的采矿和制球现金销售成本，这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。皇冠体育斯认为，销售货物的非公认会计准则现金成本的呈现对投资者有用，因为它不包括折旧、损耗和摊销（非现金）以及运费（对销售利润率没有影响），因此可以更准确地了解与铁矿石销售相关的现金流出情况。本措施的呈现不打算与以下内容分开考虑，也不打算替代或优于：按照皇冠体育官网公认会计准则编制和提供的财务信息。本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。以下是对采矿和造粒部门销售商品成本的非公认会计准则财务措施的美元调节表。

在businesswire网站上查看源代码：https://www.businesswire.com/news/home/20201023005077/en/

媒体：Patricia Persico董事，企业传播（216）694-5316投资者：Paul Finan董事，投资者关系（216）694-6544

资料来源：Cleveland-Cliffs Inc。

2020年10月23日上映