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 BST and will be accessible via the following link:
The presentation will be also available on the Company's website: http://www.evraz.com/investors/presentations/
For further information:
London: +44 207 832 8990 Moscow: +7 495 232 1370
London: +44 207 832 8998 Moscow: +7 495 937 6871