Cleveland-Cliffs Inc .)报告2020年第一季度业绩

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3月31日的第一季度业绩。

2020年3月13日，Cleveland-Cliffs完成了对AK Steel Holding Corporation（“AK Steel”）的收购。本新闻稿中列出的结果仅考虑AK Steel在2020年3月13日至2020年3月31日期间的经营业绩。

收购AK Steel使皇冠体育-皇冠体育斯转变为一家垂直一体化的增值铁矿石和钢铁产品生产商。公司现在根据其差异化产品分为两个可报告的部门-历史上的采矿和造粒部门和新的钢铁和制造部门。钢铁和制造部门包括AK钢铁和先前报告的金属部门的资产。

该公司报告的总收入为3.59亿美元，而去年第一季度的综合收入为1.57亿美元。销售商品成本为3.56亿美元，而2019年第一季度为1.26亿美元。

该公司录得净亏损4900万美元，即摊薄每股0.18美元，其中包括6600万美元，即摊薄每股0.22美元的收购成本、遣散费和库存逐步摊销。相比之下，去年同期净亏损2200万美元，摊薄后每股亏损0.08美元。

2020年第一季度，公司报告调整后的EBITDA1为2300万美元。

Cliffs董事长、总裁兼首席执行官Lourenco Goncalves表示：“尽管COVID-19大流行的挑战影响了人们的生活和经济活动，但我们能够成功地将AK Steel融入皇冠体育-Cliffs的经营方式。在过去的两个月里，我们采取了行动，以保持员工和公司的长期健康。我们在大流行初期采取的行动除其他外包括：在工作场所实行严格的社交距离；持续清洁所有设施；加强所有作业的安全程序；关闭或空转设施，并延长若干业务的停产时间；削减资本、运营和间接成本；在整个组织中实行临时行政人员和受薪人员的工资减少，而组织高层的贡献却不成比例地高；暂停HBI工厂建设；停止支付股利；并筹集额外的资金作为保险。随着我们开始在今年下半年恢复正常业务水平，我们有信心，我们有充足的流动性和所有其他手段，在任何不确定性仍然存在的情况下保持舒适。”

钢铁和制造业

钢铁和制造部门的业绩仅包括AK Steel从2020年3月13日至2020年3月31日的业绩。由于AK Steel在合并日期之前的财务结果不包括在合并财务结果中，因此无法获得上一年度的可比数据。

2020年3月13日至2020年3月31日的收入受到COVID-19大流行导致的销售减少的不利影响。此外，在销售成本中，公司记录了与收购相关的2300万美元公允价值存货增量摊销。

2020年第一季度采矿和造粒颗粒销量为210万吨，增长38%，主要与公司间销售的增加有关。公司间总销售额为78.3万长吨。

所得税

第一季度的所得税收益为5,100万美元，这是由皇冠体育官网法定税率以及包括损耗在内的有利永久性项目的收益推动的。

流动性

截至2020年5月5日，公司的流动资金总额约为12.5亿美元，其中包括约4.3亿美元的现金和8.2亿美元的ABL信贷额度。

展望及市场评论

关于业务前景，Goncalves先生表示：“我们2020年调整后的EBITDA业绩和资本需求将取决于我们重要终端市场的复苏力度和速度，尤其是汽车行业。虽然大流行的影响导致汽车工厂在过去六周内关闭，但恢复生产的时间和速度以及消费者销售数据都超出了我们的预期。如果汽车制造商像他们向我们表示的那样继续恢复生产，并且已经开始恢复生产，那么我们的业务将在整个第二季度恢复正常，下半年的业务将相当强劲。”

贡萨尔维斯补充说，“由于我们的流动性状况良好，居家限制也有所放松，我们计划尽快重启HBI的建设。”疫情和相关的制造业停工造成了市场上废料的严重短缺，这进一步增加了需求，放大了我们HBI的价值。”

Goncalves先生总结道：“我们果断的行动和较低的固定成本地位使我们能够成功地度过危机最糟糕的时期，现在商业环境已经开始改善，我们有能力满足客户的需求。”

电话会议信息

皇冠体育-皇冠体育斯公司将于皇冠体育官网东部时间2020年5月11日上午10点召开电话会议。电话会议将在皇冠体育斯的网站上直播并存档：www.alphaetomega.net

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。通过强调非商品化产品，Cliffs具有独特的定位，可以为注重质量的客户群提供定制的铁矿石球团和复杂的钢铁解决方案，在汽车行业拥有行业领先的市场份额。对环境可持续性的承诺是我们业务运营的核心，并延伸到我们如何与社区和钢铁价值链上的利益相关者合作。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、加拿大和墨西哥的采矿和钢铁制造业务中拥有约12,000名员工。欲了解更多信息，请访问//www.alphaetomega.net。

前瞻性陈述

This report 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 report, 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 report 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 successfully diversify our product mix and add new customers for our Mining and Pelletizing segment beyond our traditional blast furnace clientele; our ability to cost-effectively achieve planned production rates or levels, including at our HBI production plant once we restart construction activities, and to resume full operations at certain facilities that are temporarily idled due to the COVID-19 pandemic; 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; 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 the estimated 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; and unanticipated costs associated with healthcare, pension and OPEB obligations.

有关影响Cliffs业务的其他因素，请参阅第II部分第1A项。截至2019年12月31日的年度10-K表年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。

(A)包括截至2020年3月31日止三个月的350万美元归属于非控制性权益的收入和110万美元的折旧、损耗和摊销。

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/20200511005254/en/

媒体联系人：Patricia Persico，企业传播总监（216）694-5316

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

资料来源：Cleveland-Cliffs Inc。

2020年5月11日上映