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TheStreet Open House

Mechel's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: MTL

Mechel OAO (MTL)

Q1 2012 Results Earnings Call

June 20, 2012 10:00 AM ET

Executives

Vladislav Zlenko – Director, Investor Relations

Yevgeny Mikhel – Chief Executive Officer

Stanislav Ploschenko – Chief Financial Officer

Oleg Korzhov – Senior Vice-President, Economics and Management

Analysts

Sergey Donskoy – Société Générale

Anton Rumanse – Troika

Andrey Lobazov – Alfa Bank

Oleg Petropavlovsky – BCS

Bernard Zonneveld – ING Bank

Dan Yakub – Citi

Vasily Kuligin – Renaissance Capital

Andrey Kulakov – Uralsib Capital

George Buzhenitsa – Deutsche Bank

Paul Carr – Amoris Management

Presentation

Operator

Welcome to the Mechel Reports Q1 2012 Financial Results. My name is Emma, and I will be your coordinator for today’s conference. For the duration of the call, you will be on listen-only. And at the end of the call, you’ll have the opportunity to ask question. (Operator Instructions)

I’m now handing over to Vladislav Zlenko to begin. Please go ahead, sir.

Vladislav Zlenko

Thank you, and good day, everyone. I would like to welcome you to Mechel’s conference call to discuss our first quarter 2012 financial results which were reported today.

With us from management today are Mr. Yevgeny Mikhel, Mechel’s CEO; Mr. Stanislav Ploschenko, Mechel’s CFO; and Mr. Oleg Korzhov, Mechel’s Senior Vice-President for Economics and Management.

After management has made their formal remarks, we will take your questions to the presentation team. Please note that during this call, management will make forward-looking statements, some of which may have been made in the press release. Some of the information on this conference call may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel as defined in the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

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