EVRAZ plc (LSE: EVR) (“EVRAZ” or the “Company”) hosted its annual Capital Markets Day in London at 18 October 2019.
The Capital Markets Day featured presentations by EVRAZ executives, including Sir Michael Peat (Senior Independent Non-Executive Director), Alexander Frolov (CEO), Alexey Ivanov (Senior Vice-President, Commerce and Business development), Nikolay Ivanov (CFO) and Artem Natrusov (Vice-President, Information Technologies).
The presentation provided an overview of global steel and raw material market trends and EVRAZ’ strategic goals. Management will discuss CAPEX program and give an update on major development projects in Russia and North America.
The Company expects that in 2019 the effect on EBITDA from efficiency improvement program, which includes the customer focus and cost saving initiatives, will be around US$350 million. The target is to maintain the pace of improvements with the effect of at least 3% from COGS or c.US$300 million per annum going forward. Already identified effect from initiatives for
Video webcast replay:
The presentation available on the Company’s website: