REG - Evraz Plc - EVRAZ plc Holds Investor Day <Origin Href="QuoteRef">EVRE.L</Origin>

EvrazAnnouncement

06/09/2014 02:11

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RNS Number : 3419J
Evraz Plc
11 June 2014 
 
EVRAZ plc Holds Investor Day 
 
11 June 2014 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces that
it will host its Investor Day at 9.00 am in London today. 
 
The Investor Day will consist of presentations by Alexander Abramov
(Chairman), Sir Michael Peat (Senior Independent Non-Executive Director) and
Alexander Frolov (Chief Executive Officer) as well as by members of EVRAZ's
senior management team setting out the Company's near-term strategic
priorities for 2014-2015. 
 
Highlights of the day's presentations include: 
 
·      Strategic fundamentals remain unchanged despite market challenges
during the last 2 years 
 
·      The Company has three key strategic priorities: 
 
o  Selective investments in low risk / high return projects with limited
capex 
 
o  Cost-cutting initiatives to reinforce competitiveness of assets 
 
o  Customer focus to leverage leading market positions 
 
·      In coking coal, EVRAZ is implementing an optimisation plan to
strengthen profitability; Raspadskaya is a low cost growth story with capex
being flexible and dependent on volumes 
 
·      In iron ore mining, after a major turnaround programme Evrazruda is
re-emerging as a compact operation, ensuring c.40% of EVRAZ ZSMK's needs at
competitive costs; cost cutting and optimisation plans in place for further
improvement of EVRAZ KGOK's and Evrazruda's cash cost position 
 
·      Timir project will be executed subject to securing project finance 
 
·      Reduced development capex in the Company's steel business going
forward, selective implementation of investment projects 
 
·      The Company has best in class assets for rail production in Russia and
North America with superior product lines, high margins, growing volumes and a
loyal customer base 
 
·      EVRAZ North America's business is uniquely positioned to benefit from
the oil & gas renaissance in North America 
 
·      Deleveraging is a priority with a target ratio of Net debt / EBITDA of
below 3.0x 
 
·      Operational savings of $94m were achieved in Q1 2014, the Company is on
track to meet its 2014 guidance of $400m including $50m of general and
administrative expenses 
 
·      Q1 2014 capex is US$158 million 
 
The presentations will contain no material new information relating to current
trading in addition to that made in the Company's Interim Management Statement
on 16 April 2014. 
 
The presentation is available on the Company's website:
http://www.evraz.com/investors/presentations/ 
 
### 
 
For further information: 
 
Investor Relations: 
 
Sergey Belyakov 
 
Director, Investor Relations 
 
London: +44 207 832 8990          Moscow: +7 495 232 1370 
 
ir@evraz.com 
 
Media Relations: 
 
Vsevolod Sementsov 
 
VP, Corporate Communications 
 
London: +44 207 832 8998          Moscow: +7 495 937 6871 
 
media@evraz.com 
 
EVRAZ is a vertically integrated steel, mining and vanadium business with
operations in the Russian Federation, Ukraine, Kazakhstan, USA, Canada, Czech
Republic, Italy and South Africa. EVRAZ is among the top steel producers in
the world based on crude steel production of 16.1 million tonnes in 2013. A
significant portion of the company's internal consumption of iron ore and
coking coal is covered by its mining operations. The company's consolidated
revenues for the year ended 31 December 2013 were US$14,411 million, and
consolidated EBITDA amounted to US$1,821 million. 
 
This information is provided by RNS
The company news service from the London Stock Exchange