Date of publication: 18.10.2017
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, Senior Vice-President, Commerce and Business development, Alexey Ivanov, Vice-President, Head of the Coal Division Sergey Stepanov, Chief Executive Officer of EVRAZ North America, Conrad Winkler and Chief Financial Officer, Nikolay Ivanov.
The main focus of the presentation will be on EVRAZ’ long term goals, strategic priorities and initiatives in Steel and Coal in Russia, as well as in Steel, North America.
The Company expects that in 2017 its customer focus initiatives will have c.$62m effect on EBITDA along with its cost savings initiatives which will have c.$158m effect on EBITDA.
In 2017, CAPEX is expected at the level of c.$640m. In 2018, EVRAZ expects CAPEX to be close to $700m.
Webcast and presentation:
A live webcast of the presentations will begin at 09:00am UK and will be accessible via the following link:
For further information:
London: +44 207 832 8990 Moscow: +7 495 232 1370
London: +44 207 832 8998 Moscow: +7 495 937 6871