Evraz Plc EVRAZ holds Capital markets day (3104Q)
18 October 2019 - 5:00PM
UK Regulatory
TIDMEVR
RNS Number : 3104Q
Evraz Plc
18 October 2019
EVRAZ holds Capital markets day
18 October 2019 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the
"Company") announces that it will be hosting its annual Capital
Markets Day at 9:00 am in London today.
The Capital Markets Day will feature 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 will provide 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.
For 2020-23 period, EVRAZ is considering three major investment
projects with the target to increase sales of finished steel
products. Capital expenditures are expected to be around US$1.0
billion per annum during 2020-2023. In 2019, capital expenditures
level is estimated at c.US$850 million.
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 2019-24 is
approximately US$260 million per annum on average.
Webcast and presentation:
A live webcast of the presentations will begin at 09:00am BST
and will be accessible via the following link:
https://webcasting.brrmedia.co.uk/broadcast/5d947208f8cc7162f3b010b4
The presentation could be downloaded here:
http://www.rns-pdf.londonstockexchange.com/rns/3104Q_1-2019-10-17.pdf
The presentation will be also available on the Company's
website:
https://www.evraz.com/en/investors/reports-and-results/presentations/#2019
###
For further information:
Media Relations:
Vsevolod Sementsov
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
Irina Bakhturina
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
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.
END
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