EVRAZ plc announced that it hosted its inaugural investor day in London.

Presentations were to given by certain members of the board of directors, including Mr Alexander Abramov (Chairman), Sir Michael Peat (Senior Independent Director) and Mr Alexander Frolov (Chief Executive Officer) setting out the Company’s strategy for future growth.

In addition there were presentations by the following members of the senior management team
Mr Marat Atnashev, Vice President, Major Projects
Mr Giacomo Baizini, Chief Financial Officer
Mr Alexey Ivanov, Vice President, Steel (Russia)
Mr Alexander Kruchinin, Vice President, Health, Safety & Environmental
Mr Pavel Tatyanin, Senior Vice President, International

Highlights of the day’s presentations include

1. Continued focus on health, safety and the environment as part of an ongoing commitment to corporate social responsibility

2. Targeted USD 5 billion EBITDA in 2016

3. Planned growth in mining volumes to achieve 120% self coverage in iron ore and 130% in coking coal by 2016

4. Potential annual capital expenditure averaging USD1.5 billion from 2012 to 2016, on
Strong investment projects portfolio including some of the best available greenfield mining opportunities in Russia
Increased investment focused on adding value to steel products, particularly in the rail and pipe segments
Continued investment in cost reduction initiatives, including PCI technology

5. Positive contribution of investments to EBITDA and cash flow expected from 2013

6. Net leverage (net debt/EBITDA) likely to rise in 2012, although targeted below 2.0x in the medium term

7. Commitment to maintaining a balance between investment and the payment of dividends

No additional disclosure will be made about current trading in addition to that made in the Company’s Interim Management Statement on 15 May 2012.

Source - Evraz

(www.steelguru.com)