皇冠体育-克利夫斯报告2022年全年和第四季度业绩

全年财务要闻

• 收入230亿美元，创历史新高
• 净收入14亿美元
• 调整后的EBITDA1为32亿美元
• 经营现金流24亿美元
• 合计债务和养恤金/OPEB负债净额减少了30多亿美元

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2022年12月31日的全年和第四季度业绩。

2022年全年综合收入为230亿美元，而去年的综合收入为204亿美元。

2022年全年，公司净收入为14亿美元，摊薄后每股收益为2.55美元。相比之下，该公司2021年的净利润为30亿美元，摊薄后每股收益为5.36美元。2022年全年，调整后EBITDA1为32亿美元，而2021年为53亿美元。减少的主要原因是2022年的运营成本增加，与2021年相比销量下降，部分被固定合同价格上涨所抵消。

2022年，公司的运营现金流为24亿美元，资本支出为9.43亿美元，相当于15亿美元的自由现金流2。

2022年期间，养老金和OPEB负债（资产净值）从29亿美元减少到8.13亿美元，全年减少21亿美元。这一减少是由于医疗保费下降所致，因为利率上升的影响在很大程度上被2022年较低的市场回报所抵消。在过去两年中，公司的净养老金和OPEB负债共减少了34亿美元，从2020年底的42亿美元减少到2022年底的8.13亿美元。

此外，公司在2022年期间将其未偿债务减少了11亿美元，将其大部分自由现金流用于此目的。

2022年第四季度综合收入为50亿美元，而去年第四季度综合收入为53亿美元。

2022年第四季度，公司净亏损2.04亿美元，相当于每股摊薄后亏损额为0.41美元。这包括以下费用总计5700万美元，或每股摊薄0.11美元：

• 与州税收拨备对账相关的费用为4900万美元，或摊薄后每股0.09美元；和
• 净费用为800万美元，或每股摊薄0.02美元，用于处置资产的损失，部分由债务清偿的收益抵消。

去年第四季度，公司净收入为8.99亿美元，摊薄后每股收益1.69美元，归属于Cliffs股东。

在2022年第四季度，公司的运营现金流为4.89亿美元，资本支出为2.27亿美元，相当于2.62亿美元的自由现金流2。

2022年第四季度调整后EBITDA1为1.23亿美元，而2021年第四季度为15亿美元。

克利夫斯董事长、总裁兼首席执行官Lourenco Goncalves表示：“2022年是我们采用现有配置的第二年，这一年我们巩固了皇冠体育-克利夫斯作为皇冠体育官网扁钢行业皇冠体育领导者的地位。通过我们在2020年收购两家钢铁公司时所设想的协同效应，我们在2022年实现了创纪录的230亿美元收入，并将债务和退休后负债减少了30多亿美元。此外，即使在整体市场钢材价格下跌的情况下，我们也实现了大幅提高的销售价格。我们在2022年调整后的EBITDA和自由现金流都是我们175年历史上第二高的，仅次于2021年。我们还与超过一半的员工签署了长期劳动协议，并完成了主要的维护计划，为我们未来的持续成功奠定了基础。”

贡萨尔维斯继续说道：“2022年第四季度，我们产生了2.62亿美元的健康自由现金流。我们还实现了每吨净成本降低80美元的目标，这帮助我们部分抵消了滞后指数定价的影响。进入2023年，随着我们的固定价格合同重新设定更高，我们的单位成本继续下降，销量增加，我们相信我们的季度调整后息税折旧摊销前利润（EBITDA）应该逐步改善，这证实了我们的信念，即2022年第四季度是我们盈利能力的拐点。”

Goncalves先生补充说：“新配置的皇冠体育-克利夫斯最重要的成就是成功续签了2023年的固定价格合同，特别是与我们的汽车客户的合同，打破了过去对钢铁公司如此有害的历史模式。即使扁钢价格从4月份的峰值下降了60%以上，我们仍然能够实现2023年与2022年相比，我们最大的终端市场直接汽车业务的价格平均每吨上涨115美元。这证实了我们一直以来所说的，即任何将我们的汽车固定价格与钢铁指数价格挂钩的模式都不再适用。”

Goncalves先生总结道：“我们在这些合同上的成功与汽车需求的改善相吻合，因此，在2023年第一季度，我们有望实现自2021年以来最好的出货季度。在汽车以外，我们最近几个月也成功地对我们的现货客户执行了五次单独的价格上涨。随着客户对经济衰退的担忧有所缓解，需求环境有所改善，服务中心也开始补充库存。因此，改善定价将有利于我们与指数挂钩的合约和现货业务。我们预计，这些市场因素，加上持续降低的成本和更低的资本支出，将推动整个2023年季度盈利能力的提高。”

炼钢

2022年全年钢产品总量为1480万吨，其中涂层占32%，热轧占29%，冷轧占16%，钢板占6%，不锈钢和电气占5%，其他占12%，包括板和钢轨。2022年第四季度的净钢产量为380万吨，其中热轧占34%，涂层占29%，冷轧占13%，钢板占5%，不锈钢和电气占5%，其他占14%，包括板坯和钢轨。

2022年全年钢铁生产收入为224亿美元，其中约67亿美元，占汽车直接客户销售额的30%；64亿美元，占分销商和转换器市场销售额的29%；基础设施和制造业市场销售额为59亿美元，占26%；还有35亿美元，占钢铁生产商销售额的15%。2022年第四季度钢铁制造收入为49亿美元，其中约17亿美元，占汽车直接客户销售额的34%；13亿美元，占分销商和转换器市场销售额的26%；基础设施和制造业市场销售额的25%，即13亿美元；7.25亿美元，占钢铁生产商销售额的15%。

2022年全年的炼钢成本为199亿美元，包括折旧、损耗和摊销9.94亿美元。全年炼钢部门调整后的EBITDA为31亿美元，其中包括4.39亿美元的SG&A费用。2022年第四季度炼钢成本为50亿美元，包括折旧、损耗和摊销2.36亿美元。2022年第四季度炼钢部门调整后的EBITDA为1.09亿美元，其中包括1.1亿美元的SG&A费用。

截至2022年底，公司的流动资金总额约为25亿美元，包括现金和ABL信贷额度下的可用性。

在2022年第四季度，Cliffs减少了约2亿美元的债务，其中大部分用于偿还ABL余额。公司在2022年第四季度回购了200万股普通股，平均价格为每股15.04美元。

2022年12月22日，Cliffs宣布成功续签了大部分固定价格合同，并预计2023年其直接汽车业务的每吨销售价格将比2022年上涨100美元。在成功完成额外的谈判后，该公司现在预计这些合同的每吨价格将上涨115美元。这个终端市场代表着每年约500万吨的正常需求。

该公司预计，与2022年相比，2023年炼钢成本将减少约20亿美元。成本显著降低的主要驱动因素是维修和维护费用正常化、产量增加和投入成本降低。

在第四季度成功实现每吨80美元的炼钢单位成本环比下降后，该公司预计在2023年第一季度实现每吨50美元的进一步环比下降，并在2023年第二季度和第三季度进一步下降。公司预计2023年第一季度的调整后EBITDA业绩将超过2022年第四季度的调整后EBITDA业绩。

此外，公司对2023年全年提出了以下预期：

• 钢材出货量约为1600万吨，而2022年为1480万吨；
• 资本支出为7亿至7.5亿美元，2022年为9.43亿美元；
• 与养恤金和OPEB计划有关的现金缴款约为1亿美元，而2022年约为2亿美元；和
• 联邦现金退税约1.4亿美元。

皇冠体育兰-皇冠体育斯公司将于2023年2月14日皇冠体育官网东部时间上午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-克利夫斯是北美最大的扁钢生产商。皇冠体育斯成立于1847年，是一家矿山运营商，也是北美最大的铁矿石球团制造商。公司从开采原料、直接还原铁、废铁到初级炼钢及下游精加工、冲压、工装、管材等垂直一体化。皇冠体育-皇冠体育斯是北美汽车行业最大的钢铁供应商，并因其全面的扁钢产品而服务于各种其他市场。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27,000名员工。

Forward-Looking Statements
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: continued volatility of steel, iron ore and scrap metal 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 supply chain disruptions, such as the semiconductor shortage, and higher consumer interest rates, which could result in lower steel volumes being demanded; 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 inflationary pressures, the COVID-19 pandemic, conflicts or otherwise; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges of one or more of our major customers, including customers in the automotive market, key suppliers or contractors, which, among other adverse effects, could disrupt our operations or 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; disruptions to our operations relating to an infectious disease outbreak or the COVID-19 pandemic, including workforce challenges and the risk that novel variants will prove resistant to existing vaccines or that new or continuing lockdowns in China will impact our ability to source certain critical supplies in a timely and predictable manner; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act of 1962 (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 potential environmental regulations relating to climate change and carbon emissions, 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, and reclamation and remediation obligations; 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 our financial flexibility and cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; our ability to reduce our indebtedness or return capital to shareholders within the currently expected timeframes or at all; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws, including adverse impacts as a result of the Inflation Reduction Act of 2022; the outcome of, and costs incurred in connection with, lawsuits, claims, arbitrations or governmental proceedings relating to commercial and business disputes, antitrust claims, environmental matters, government investigations, occupational or personal injury claims, property damage, labor and employment matters, or suits involving legacy operations and other matters; uncertain availability or cost, due to inflation or otherwise, of critical manufacturing equipment and spare parts; supply chain disruptions or changes in the cost, quality or availability of energy sources, including electricity, natural gas and diesel fuel, or critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap metal, chrome, zinc, coke and metallurgical coal; problems or disruptions associated with transporting products to our customers, moving manufacturing inputs or products internally among our facilities, or suppliers transporting raw materials to us; the risk that the cost or time to implement a strategic or sustaining capital project may prove to be greater than originally anticipated; 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; cybersecurity incidents relating to, disruptions in, or failures of, information technology systems that are managed by us or third parties that host or have access to our data or systems, including the loss, theft or corruption of sensitive or essential business or personal information and the inability to access or control systems; liabilities and costs arising in connection with any business decisions to temporarily or indefinitely idle or permanently close an operating facility or mine, 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 operating facility or mine; our level of self-insurance and our ability to obtain sufficient third-party insurance to adequately cover potential adverse events and business risks; uncertainties associated with our ability to meet customers' and suppliers' decarbonization goals and reduce our greenhouse gas emissions in alignment with our own announced targets; challenges to maintaining our social license to operate with our stakeholders, including the impacts of our operations on local communities, reputational impacts of operating in a carbon-intensive industry that produces greenhouse gas emissions, and our ability to foster a consistent operational and safety track record; our actual economic mineral reserves or reductions in current mineral reserve estimates, and any title defect or loss of any lease, license, easement or other possessory interest for any mining property; our ability to maintain satisfactory labor relations with unions and employees; 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; uncertain availability or cost of skilled workers to fill critical operational positions and potential labor shortages caused by experienced employee attrition or otherwise, as well as our ability to attract, hire, develop and retain key personnel; the amount and timing of any repurchases of our common shares; 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2021年12月31日的10-K表格年度报告中的风险因素，以及向皇冠体育官网证券交易委员会提交的其他文件。

财务表如下

在businesswire网站上查看源代码：https://www.businesswire.com/news/home/20230213005507/en/

媒体联系人：Patricia Persico高级主管，企业传播（216）694-5316

投资者联系人：James Kerr投资者关系经理（216）694-7719

资料来源：Cleveland-Cliffs Inc。

2023年2月13日上映