Nornickel 2023 Annual Report

ADAPTING TO CHANGE

Metal product sales by region: successful shift to the Asia-Pacific and domestic markets, % OF REVENUE

STAYING IN SHAPE

Nornickel — No. 1 in metal nickel production in 2023

STAYING STRONG

Group ore output, MLN T

Norilsk Division (copper-nickel sulphide ores)
Kola Division (copper-nickel sulphide ores)
Trans-Baikal Division (gold-iron-copper ores)

FOCUSSED ON RESULT

The Company consistently reduces direct and indirect GHG emissions (Scope 1 + 2)

GHG emissions, Scope 1 + 2, MLN T OF CO₂ EQUIVALENT

Scope 2 emissions from production assets
Scope 1 emissions from production assets
Scope 1 emissions from households and infrastructure facilities

IMPROVING GOVERNANCE

The proportion of independent directors on the Board is in line with the Listing Rules of PJSC Moscow Exchange and ensures that the Board incorporates the views of all stakeholders and its decisions are unbiased

STAYING BALANCED

Leverage remains at a conservative level

Debt profile (USD MLN)

Long-term debt
Short-term debt
Lease liabilities
Net debt/EBITDA