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EVRAZ plc hosted its Capital Markets Day on 10 November 2021, starting at 11:00 am Moscow time, featuring presentations by its executives. The presentations covered the status of a potential demerger of coal assets, an update on ESG targets, and the steel business growth strategy. EVRAZ announced a target of c.US$630 million EBITDA growth for the 2021-26 period, with average annual capital expenditures expected around US$1.0 billion for 2021-2026, including plans to invest around US$200 million in environmental projects in 2022-2025.
| Date | 10 Nov 2021 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 8608R |
EVRAZ holds Capital Markets Day
10 November 2021 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces that it will be hosting its Capital Markets Day at 11:00 am Moscow time (8:00 am UK time) today.
The Capital Markets Day will feature the presentation by EVRAZ executives, including Sir Michael Peat (Senior Independent Non-Executive Director), Aleksey Ivanov (CEO), Ilya Shirokobrod (Vice-President, Sales and Logistics) and Nikolay Ivanov (CFO).
The presentation will provide the status of the Potential Demerger of coal assets, an update on ESG targets and initiatives and steel business` growth strategy overview.
For 2021-26 period, EVRAZ is considering several key investment projects with the target to secure EBITDA growth in the amount of c.US$630 million.
The Company is expecting the effect on EBITDA from the Steel segment's sales strategy execution to amount to c.US$300 million (partially included into the above mentioned figure) in 2026.
Average annual capital expenditures are expected to be around US$1.0 billion per annum in 2021-2026, including plans to invest around US$200 million in the environmental projects in 2022-2025.
Webcast and presentation:
A live webcast of the presentation will begin at 11:00 am Moscow time (8:00 am UK time) and will be available at the following link:
https://evraz.comdi.com/watch/efxbbeg0?lang=en
To ask a question during the live event please:
· For the written question - 1) enter your name using "log in", 2) type your question in "Comments", 3) press "Send"
· For the audio question - 1) enter your name using "log in", 2) type the word "Audio" in "Comments", 3) press "Send", 4) you will receive a link in the chat to connect with the live stream
The presentation will be also available on the Company's website:
https://www.evraz.com/en/investors/presentations/
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For further information:
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+44 207 290 1096
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