EVRAZ plc holds Investor Day
18 October 2016 - 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, Senior Vice-President, Commerce and Business development, Alexey Ivanov and interim CFO, Giacomo Baizini.
The main focus of the presentation will be on strategic deliverables and initiatives in Coal and Steel in Russia.
The Company expects that in 2016 its customer focus initiatives will have c.$110m effect on EBITDA along with its cost savings initiatives which will have c.$300m effect on EBITDA.
In 2016, CAPEX is expected at the level of c.$450m with 2017-2018 outlook of c.$500m.
The presentation could be downloaded here:
The presentation is also available on the Company's website: http://www.evraz.com/investors/presentations/
For further information:
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
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 14.3 million tonnes in 2015. 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 2015 were US$8,767 million, and consolidated EBITDA amounted to US$1,438 million.
This information is provided by RNS