REG - Evraz Plc - EVRAZ plc holds Investor Day
RNS Number : 5214EEvraz Plc19 October 2018EVRAZ plc holds Investor Day
19 October 2018 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces that it will hold its Investor Day at 9:00 am in London today.
The Investor Day will feature presentations by EVRAZ executives, including Senior Independent Non-Executive Director Sir Michael Peat, Chief Executive Officer Alexander Frolov, Vice-President, Head of the Coal Division Sergey Stepanov, Head of Vanadium division Alexander Erenburg, Senior Vice-President, Commerce and Business development, Alexey Ivanov, Chief Executive Officer of EVRAZ North America, Conrad Winkler and Chief Financial Officer, Nikolay Ivanov.
The main focus of the presentation will be on global steel and raw material market trends, EVRAZ' strategic priorities, as well as major development projects in Russia and North America.
In 2019-22, EVRAZ is considering four major investment projects with the target to increase sales of finished steel products to local markets. Investment expenditures are expected to be in the range of US$830-990 million per annum during 2019-2022. In 2018, the CAPEX level is estimated at c.US$640-660 million.
The Company expects that in 2018 the effect on EBITDA from efficiency improvement program, which includes the customer focus and cost saving initiatives, will amount to c.US$290-300 million. The target is to maintain the pace of improvements with the effect of at least 3% from COGS or c.US$250-300 million per annum going forward.
Webcast and presentation:
A live webcast of the presentations will begin at 09:00am GMT and will be accessible via the following link:
http://webcasting.brrmedia.co.uk/broadcast/5ba510c7e2bf8a5d98d85468
The presentation could be downloaded here:
[http://www.rns-pdf.londonstockexchange.com/rns/5214E_1-2018-10-18.pdf]
The presentation will be also available on the Company's website: http://www.evraz.com/investors/presentations/
###
For further information:
Investor Relations:
Irina Bakhturina
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
Media Relations:
Vsevolod Sementsov
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCKMMMGDRGGRZM
Recent news on Evraz
See all newsREG-EVRAZ plc DISCONTINUATION OF DISCLOSURE VIA PRIMARY INFORMATION PROVIDER
AnnouncementREG-EVRAZ plc CLARIFICATION ON ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR 2022
AnnouncementREG-EVRAZ plc EVRAZ plc announces that the Appointment and the Amendments adopted as part of the Consent Solicitation for its outstanding U.S.$700,000,000 5.250 per cent. notes due 2024 have become effective
AnnouncementREG-EVRAZ plc EVRAZ plc announces results of the Consent Solicitation for its outstanding U.S.$700,000,000 5.250 per cent. notes due 2024
AnnouncementREG-EVRAZ plc EVRAZ plc announces that the Appointment and the Amendments adopted as part of the Consent Solicitation for its outstanding notes due 2023 have become effective
Announcement