This document provides a summary of Evraz Group, a large steel and mining company. Some key points:
- Evraz is one of the largest steel producers globally and a leader in markets like Russia, CIS, Europe and North America.
- In 2008, Evraz produced over 17 million tons of crude steel and generated $20.4 billion in revenue.
- The presentation discusses Evraz's global operations, cost optimization efforts, debt management, and operational results for 3Q09. Production and sales were improving as steel demand recovered in Asia and other markets.
- Evraz aims to maintain its low-cost production through efficiency gains and vertical integration across its mining and steel businesses. This allows it
Pavel Tatyanin, Senior Vice President and CFO of Evraz, presented an overview of the company and its strategy in Russia. Evraz is a leading steel and mining company with assets across Russia, Ukraine, Europe and North America. It aims to increase its supply of rolled steel products in Russia through $1.8 billion in investments to expand rolling capacities by 2012. This will allow Evraz to capitalize on growing domestic demand and maintain its leading position in key Russian markets.
Norwegian rapporterar det bästa rörelseresultatet någonsin – köper ytterligar...Norwegian Air Shuttle AB
Norwegian Air Shuttle ASA reported strong revenue growth and record operating profits in the 3rd quarter of 2009. Revenues increased 15% to 2.271 billion NOK driven by 27% growth in domestic revenue and 10% growth in international revenue. Operating profits also reached all-time highs, with EBITDAR of 669 million NOK, EBITDA of 515 million NOK, and net profit of 375 million NOK. Passenger traffic continued to increase, rising 19% to over 3 million passengers in Q3. Norwegian expects continued growth and unit cost around 0.49-0.50 NOK for the full year 2009.
CMD 2012: Track Record and Strategy (Jørgen Ole Haslestad)Yara International
Jørgen Ole Haslestad, President & CEO of Yara International, presented Yara's track record and growth strategy at its 2012 Capital Markets Day. Yara achieved its highest ever EBITDA in the 2011/12 season due to increased fertilizer prices. Going forward, Yara aims to grow volumes by 8% by 2016 through committed expansion projects, acquisitions, and new supply. Yara is well positioned for continued profitable operations and growth by meeting rising global demand for agricultural productivity through its portfolio of value-added and commodity fertilizer products.
1. Copper prices rose in July, reaching over $5,750 per tonne, on concerns over tight supply and healthy Chinese demand. However, GFMS forecasts an overall copper surplus of 245,000 tonnes for 2009 as consumption declines outweigh production losses.
2. GFMS expects copper prices to fall to around $5,000 per tonne before recovering later in the year, and forecasts prices will trade between $5,000-6,500 per tonne from August to November.
3. Recent copper market news included production declines reported by several major miners as well as a rise in Japanese copper cable shipments, although shipments remain well below last year's levels.
Jp morgan annual emea equity conference — londonevraz_company
This document provides an overview of Evraz Group, a vertically integrated steel and mining company, for investors attending the JPMorgan Annual EMEA Equity Conference in London on January 25-26, 2007. The summary includes highlights of Evraz's operations, financial performance in 1H2006, strategies for growth, and positioning in the Russian and CIS steel markets.
Morgan stanley global basic materials conferenceevraz_company
EVRAZ GROUP S.A. reported preliminary results for fiscal year 2006 and the first half of 2007. Revenues increased 57% in the first half of 2007 due to growth in the Russian market and higher steel prices. Steel sales volumes remained flat while average steel prices increased 51% due to a shift toward higher margin products. The mining segment also saw a significant increase in earnings due to higher iron ore and metallurgical coal prices, which helped hedge steel production costs. Overall, the company strengthened its market position in key regions through acquisitions and leveraging demand growth.
The document provides an overview of investing in gold as an asset class. It discusses gold demand and supply trends, reasons to invest in gold, how to gain exposure to gold, and analyzing the real price of gold over time. The price of gold is inversely related to the US dollar and acts as a hedge against inflation. Physical gold, gold funds, and gold futures are some ways to invest in gold.
Pavel Tatyanin, Senior Vice President and CFO of Evraz, presented an overview of the company and its strategy in Russia. Evraz is a leading steel and mining company with assets across Russia, Ukraine, Europe and North America. It aims to increase its supply of rolled steel products in Russia through $1.8 billion in investments to expand rolling capacities by 2012. This will allow Evraz to capitalize on growing domestic demand and maintain its leading position in key Russian markets.
Norwegian rapporterar det bästa rörelseresultatet någonsin – köper ytterligar...Norwegian Air Shuttle AB
Norwegian Air Shuttle ASA reported strong revenue growth and record operating profits in the 3rd quarter of 2009. Revenues increased 15% to 2.271 billion NOK driven by 27% growth in domestic revenue and 10% growth in international revenue. Operating profits also reached all-time highs, with EBITDAR of 669 million NOK, EBITDA of 515 million NOK, and net profit of 375 million NOK. Passenger traffic continued to increase, rising 19% to over 3 million passengers in Q3. Norwegian expects continued growth and unit cost around 0.49-0.50 NOK for the full year 2009.
CMD 2012: Track Record and Strategy (Jørgen Ole Haslestad)Yara International
Jørgen Ole Haslestad, President & CEO of Yara International, presented Yara's track record and growth strategy at its 2012 Capital Markets Day. Yara achieved its highest ever EBITDA in the 2011/12 season due to increased fertilizer prices. Going forward, Yara aims to grow volumes by 8% by 2016 through committed expansion projects, acquisitions, and new supply. Yara is well positioned for continued profitable operations and growth by meeting rising global demand for agricultural productivity through its portfolio of value-added and commodity fertilizer products.
1. Copper prices rose in July, reaching over $5,750 per tonne, on concerns over tight supply and healthy Chinese demand. However, GFMS forecasts an overall copper surplus of 245,000 tonnes for 2009 as consumption declines outweigh production losses.
2. GFMS expects copper prices to fall to around $5,000 per tonne before recovering later in the year, and forecasts prices will trade between $5,000-6,500 per tonne from August to November.
3. Recent copper market news included production declines reported by several major miners as well as a rise in Japanese copper cable shipments, although shipments remain well below last year's levels.
Jp morgan annual emea equity conference — londonevraz_company
This document provides an overview of Evraz Group, a vertically integrated steel and mining company, for investors attending the JPMorgan Annual EMEA Equity Conference in London on January 25-26, 2007. The summary includes highlights of Evraz's operations, financial performance in 1H2006, strategies for growth, and positioning in the Russian and CIS steel markets.
Morgan stanley global basic materials conferenceevraz_company
EVRAZ GROUP S.A. reported preliminary results for fiscal year 2006 and the first half of 2007. Revenues increased 57% in the first half of 2007 due to growth in the Russian market and higher steel prices. Steel sales volumes remained flat while average steel prices increased 51% due to a shift toward higher margin products. The mining segment also saw a significant increase in earnings due to higher iron ore and metallurgical coal prices, which helped hedge steel production costs. Overall, the company strengthened its market position in key regions through acquisitions and leveraging demand growth.
The document provides an overview of investing in gold as an asset class. It discusses gold demand and supply trends, reasons to invest in gold, how to gain exposure to gold, and analyzing the real price of gold over time. The price of gold is inversely related to the US dollar and acts as a hedge against inflation. Physical gold, gold funds, and gold futures are some ways to invest in gold.
The document provides highlights from MMX Mineração e Metálicos S.A.'s 2012 results. It notes that production was 7.4 million tons, sales were 6.9 million tons, net revenues were R$806 million, and net profit was R$ -792 million. It also provides photos showing construction progress on the expansion of the Serra Azul Unit and the Sudeste Superport. The document concludes with investor relations contact information.
This document provides Richard O'Brien's presentation at the Bank of Montreal Metals and Mining Conference on February 27, 2012. The presentation highlights Newmont Mining Corporation's growth potential through 2017, competitive project returns, and exploration upside. It discusses Newmont's record 2011 financial results, leadership in key metrics like reserves and production per share, and outlook for 2012 of attributing gold production of 5.0-5.2 million ounces and copper production of 150-170 million pounds.
Goldman Sachs hosted a basic materials conference where Newmont presented. Newmont discussed its focus on eliminating its hedge book, divesting non-core assets, and growing reserves through acquisitions like Miramar. Newmont also provided updates on major projects like its Nevada power plant, Yanacocha gold mill, and Boddington mine. Newmont emphasized that it is the largest unhedged gold producer and expects to continue delivering strong financial and operating performance in 2008 through focus and execution.
This document provides a preliminary summary of results for EVRAZ Group S.A. for fiscal year 2006 and the first half of 2007:
- Revenues for the first half of 2007 increased 57% to $6.02 billion compared to the same period in 2006. EBITDA grew 87% to $2.05 billion for the first half of 2007.
- Russia remained the key market, with revenues up 47% and steel product volumes increasing 16% for the first half of 2007 compared to 2006.
- Average steel product prices grew 51% to $629 per tonne for the first half of 2007, with a shift toward higher margin products.
Deutsche bank russia one on-one conference — londonevraz_company
This document summarizes Evraz Group, a vertically integrated steel and mining company. Some key points:
1) Evraz is one of the largest steel producers in the world with operations located in Russia and assets in Europe.
2) In the first half of 2006, Evraz saw a 5.3% increase in revenue and flat EBITDA of $1.1 billion despite a 23% rise in sales volumes.
3) Evraz aims to be a top 5 most profitable steelmaker globally through leadership in CIS markets, low production costs, and 100% self-sufficiency in raw materials from its mining assets.
For the six months ended 31 December 2011:
- Revenue decreased 25% to $252.4 million due to lower volumes, prices and sales adjustments. Mine EBITDA decreased 69% to $29 million.
- A $91.2 million non-cash foreign exchange loss resulted in a net loss of $113.5 million.
- Group attributable PGM production decreased 14% to 215,453 ounces. Operations faced challenges including safety stoppages, support installation issues, and industrial action. Costs increased substantially at Kroondal and Marikana due to lower production.
- Mimosa continued strong performance while Everest and tailings operations faced cost pressures and negative margins. The interim results reflect a challenging
Citigroup european high yield conference — londonevraz_company
The document summarizes Evraz Group's presentation at the Citigroup European High Yield Conference on November 28, 2006 in London. Some key points include strong revenue growth of 5.3% in 1H06 driven by a 23% increase in sales volumes, record net cash flow from operating activities of $904 million in 1H06, and capital expenditures of $262 million focused on improving efficiency at steel production facilities. Costs per tonne increased by 6.8% due to consolidation of European assets.
Bear stearns commodities and capital goods conference — new yorkevraz_company
The document summarizes Bear Stearns' Commodities and Capital Goods Conference held in New York City from November 29-30, 2006. It provides an overview of Evraz Group, a vertically integrated steel and mining company, including its production levels, financial performance in 1H2006, cash flow generation, balance sheet strength, operations in the steel and mining segments, and capital expenditure plans. Key projects and the successful IPO of its coking coal subsidiary Raspadskaya are also mentioned.
First Quantum Minerals is a global diversified mining company currently producing copper cathode, copper concentrate, gold and sulfuric acid. The company has a significant copper production growth profile with new mines coming online in the near to medium term. First Quantum is also expanding into nickel production and pursuing growth through projects in Australia, Finland, Zambia, Mauritania and Peru with over $2 billion in projected investment between 2011-2015. The company has a strong track record of efficient operations and a goal of increasing copper production 46% to 470,000 tonnes by 2015 through expansion of existing mines like Kansanshi in Zambia.
- Newmont Mining Corporation's President and CEO Richard O'Brien presented at the Bank of Montreal Metals and Mining Conference on February 27, 2012.
- In his presentation, O'Brien highlighted Newmont's growth potential through projects in the pipeline that could increase gold production by 35% to around 7 million ounces by 2017. He also noted potential to double copper production over the same period.
- O'Brien emphasized Newmont's strong financial position and competitive project returns across its portfolio.
Richard O'Brien, President and CEO of Newmont Mining Corporation, presented at the Bank of Montreal Metals and Mining Conference on February 27, 2012. In his presentation, O'Brien highlighted Newmont's strong operating performance in 2011, growth potential through 2022, competitive project returns, and significant exploration upside. Newmont is well positioned to potentially grow attributable gold production by 35% to around 7 million ounces by 2022 through projects in its pipeline. The company also has potential to double copper production over this period.
Volatility in primary fuel prices is driven by global supply and demand factors. Crude oil prices have historically fluctuated widely based on changes in the global economy, inventory levels, geopolitics, and other unpredictable events. Coal prices are also becoming more volatile due to increasing Chinese and Indian demand. Long-term LNG prices are expected to depend on oil indexation and Henry Hub natural gas prices. Domestic fuel prices in India will likely increase to accommodate more difficult exploration and production activities. Fuel consumers should diversify contracts across price indices and invest in integrated supply chains to manage volatility risks.
Presentation 2Q09 - English audio (presentation only)Gazprom Neft
Gazprom Neft reported financial and operating results for 2Q 2009. Key highlights include:
- Daily crude oil production increased 2.9% in 2Q 2009 compared to the same period last year.
- The company launched a rebranding program and acquired retail assets in Russia during the quarter.
- Despite a 50% decline in average Urals oil prices year-over-year, crude exports netback adjusted for export duties declined only 42% due to the impact of the mineral extraction tax.
- Refining margins remained under pressure in 1H 2009, with refining netbacks lower than crude exports, though margins are expected to recover.
- The company grew crude output
- The document provides an overview of Newmont Mining Corporation's 2008 strategic priorities and financial outlook.
- Key priorities include ongoing project execution like the Nevada power plant and Yanacocha gold mill. Exploration and development activities at projects like Conga and Akyem are also emphasized.
- Financial guidance for 2008 includes equity gold sales of 5.1-5.4 million ounces at costs of $425-450 per ounce, and capital expenditures of $1.8-2 billion.
1) Kvaerner reported several important contract awards in the first quarter of 2012, including two jackets, an onshore EPCM contract, and a topside. Tendering activity remained high.
2) Key financial figures for the quarter included revenues of NOK 3.9 billion, EBITDA of NOK 249 million, and an order backlog of NOK 10.8 billion.
3) Operationally, Kvaerner continued work on several offshore projects including jackets for Nordsee Ost and the nearing completion of the Ekofisk jackets. Engineering also progressed on the Martin Linge and Edvard Grieg projects.
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Focus on Gold: Challenges of gold mining in the US – reopening the Drumlummon Mine in Montana
20 May 2010
by David Wilson - Societe Generale
The document discusses Newmont Mining Corporation's growth strategy and financial performance. It highlights production growth potential to around 7 million ounces of gold by 2017 through its project pipeline. It also notes exploration upside with potential to add reserves equivalent to 90 million ounces of gold over the next decade. Finally, it provides updates on various projects in its portfolio such as Akyem, Conga, and Long Canyon.
Reduce Cost whilst preserving Human Capitalbvandenbrink
The document discusses how the current economic downturn is impacting the oil and gas industry and necessitating cost reductions. It notes that (1) cash flow for oil companies is lower, projects are being postponed or canceled, and equipment is being idled. (2) Both operators and service companies have announced layoffs and workforce reductions. (3) To maintain viability, all cost items including engineering, procurement, construction, and personnel must be optimized to achieve 10-20% cost reductions.
This document summarizes a presentation by Timur Yanbukhtin of EVRAZ Group at a UBS Investment Conference on October 22, 2009. It discusses EVRAZ's execution of cost-cutting measures and production optimization plans during the economic downturn. These included shutdown of inefficient capacity, cost savings of 35-42% year-over-year, and capex reductions of 62% in 1H09. It also provides an overview of debt repayments, liquidity position, and expectations for improved financial results in 2H09 as destocking ends and demand/prices recover in key markets.
Deutsche bank 8th annual russia one on-one conference, лондонevraz_company
This document provides an overview of EVRAZ Group, a world-class steel and mining company. Some key points:
- EVRAZ is one of the largest steel producers globally and a leader in markets like Russia, CIS, Europe, and North America.
- In 2009, EVRAZ produced over 15 million tons of crude steel and over 14 million tons of rolled steel products.
- EVRAZ has implemented cost-cutting measures and production optimizations to maintain its low-cost position. This has helped stabilize operations during the economic crisis.
- The mining segment has remained EBITDA positive due to self-sufficiency in raw materials and benefitting from higher iron ore and coal prices.
- NLMK's FY2010 financial performance was strong with sales volumes up 11% and revenue up 36% over 2009. EBITDA increased 63% and net income increased 484%.
- In Q4 2010, steel sales volumes were unchanged while average sales prices declined 2% from the previous quarter. Cash costs per tonne remained flat.
- For 2010, NLMK Group's crude steel production increased 9% to 11.5 million tonnes, driven by a 9% increase at the Lipetsk site. Production is expected to increase around 10% in 2011.
- Regional sales in 2010 saw 32% in Russia, 26% in Europe, and 12% in North America. High value
презентация для инвесторов, ноябрь 2009evraz_company
This document provides an overview of EVRAZ Group, a major global steel and mining company. Some key points:
- EVRAZ is one of the largest steel producers in the world and a leader in markets in Russia, CIS, Europe, and North America.
- In 2008, EVRAZ produced over 17 million tons of crude steel and had $20 billion in revenue.
- In the first 9 months of 2009, revenue declined 58% to $7.1 billion due to lower prices and sales volumes from the economic crisis.
- EVRAZ has taken actions to reduce costs, optimize production, cut capex, and improve financial position to maintain competitiveness during the downturn.
The document provides highlights from MMX Mineração e Metálicos S.A.'s 2012 results. It notes that production was 7.4 million tons, sales were 6.9 million tons, net revenues were R$806 million, and net profit was R$ -792 million. It also provides photos showing construction progress on the expansion of the Serra Azul Unit and the Sudeste Superport. The document concludes with investor relations contact information.
This document provides Richard O'Brien's presentation at the Bank of Montreal Metals and Mining Conference on February 27, 2012. The presentation highlights Newmont Mining Corporation's growth potential through 2017, competitive project returns, and exploration upside. It discusses Newmont's record 2011 financial results, leadership in key metrics like reserves and production per share, and outlook for 2012 of attributing gold production of 5.0-5.2 million ounces and copper production of 150-170 million pounds.
Goldman Sachs hosted a basic materials conference where Newmont presented. Newmont discussed its focus on eliminating its hedge book, divesting non-core assets, and growing reserves through acquisitions like Miramar. Newmont also provided updates on major projects like its Nevada power plant, Yanacocha gold mill, and Boddington mine. Newmont emphasized that it is the largest unhedged gold producer and expects to continue delivering strong financial and operating performance in 2008 through focus and execution.
This document provides a preliminary summary of results for EVRAZ Group S.A. for fiscal year 2006 and the first half of 2007:
- Revenues for the first half of 2007 increased 57% to $6.02 billion compared to the same period in 2006. EBITDA grew 87% to $2.05 billion for the first half of 2007.
- Russia remained the key market, with revenues up 47% and steel product volumes increasing 16% for the first half of 2007 compared to 2006.
- Average steel product prices grew 51% to $629 per tonne for the first half of 2007, with a shift toward higher margin products.
Deutsche bank russia one on-one conference — londonevraz_company
This document summarizes Evraz Group, a vertically integrated steel and mining company. Some key points:
1) Evraz is one of the largest steel producers in the world with operations located in Russia and assets in Europe.
2) In the first half of 2006, Evraz saw a 5.3% increase in revenue and flat EBITDA of $1.1 billion despite a 23% rise in sales volumes.
3) Evraz aims to be a top 5 most profitable steelmaker globally through leadership in CIS markets, low production costs, and 100% self-sufficiency in raw materials from its mining assets.
For the six months ended 31 December 2011:
- Revenue decreased 25% to $252.4 million due to lower volumes, prices and sales adjustments. Mine EBITDA decreased 69% to $29 million.
- A $91.2 million non-cash foreign exchange loss resulted in a net loss of $113.5 million.
- Group attributable PGM production decreased 14% to 215,453 ounces. Operations faced challenges including safety stoppages, support installation issues, and industrial action. Costs increased substantially at Kroondal and Marikana due to lower production.
- Mimosa continued strong performance while Everest and tailings operations faced cost pressures and negative margins. The interim results reflect a challenging
Citigroup european high yield conference — londonevraz_company
The document summarizes Evraz Group's presentation at the Citigroup European High Yield Conference on November 28, 2006 in London. Some key points include strong revenue growth of 5.3% in 1H06 driven by a 23% increase in sales volumes, record net cash flow from operating activities of $904 million in 1H06, and capital expenditures of $262 million focused on improving efficiency at steel production facilities. Costs per tonne increased by 6.8% due to consolidation of European assets.
Bear stearns commodities and capital goods conference — new yorkevraz_company
The document summarizes Bear Stearns' Commodities and Capital Goods Conference held in New York City from November 29-30, 2006. It provides an overview of Evraz Group, a vertically integrated steel and mining company, including its production levels, financial performance in 1H2006, cash flow generation, balance sheet strength, operations in the steel and mining segments, and capital expenditure plans. Key projects and the successful IPO of its coking coal subsidiary Raspadskaya are also mentioned.
First Quantum Minerals is a global diversified mining company currently producing copper cathode, copper concentrate, gold and sulfuric acid. The company has a significant copper production growth profile with new mines coming online in the near to medium term. First Quantum is also expanding into nickel production and pursuing growth through projects in Australia, Finland, Zambia, Mauritania and Peru with over $2 billion in projected investment between 2011-2015. The company has a strong track record of efficient operations and a goal of increasing copper production 46% to 470,000 tonnes by 2015 through expansion of existing mines like Kansanshi in Zambia.
- Newmont Mining Corporation's President and CEO Richard O'Brien presented at the Bank of Montreal Metals and Mining Conference on February 27, 2012.
- In his presentation, O'Brien highlighted Newmont's growth potential through projects in the pipeline that could increase gold production by 35% to around 7 million ounces by 2017. He also noted potential to double copper production over the same period.
- O'Brien emphasized Newmont's strong financial position and competitive project returns across its portfolio.
Richard O'Brien, President and CEO of Newmont Mining Corporation, presented at the Bank of Montreal Metals and Mining Conference on February 27, 2012. In his presentation, O'Brien highlighted Newmont's strong operating performance in 2011, growth potential through 2022, competitive project returns, and significant exploration upside. Newmont is well positioned to potentially grow attributable gold production by 35% to around 7 million ounces by 2022 through projects in its pipeline. The company also has potential to double copper production over this period.
Volatility in primary fuel prices is driven by global supply and demand factors. Crude oil prices have historically fluctuated widely based on changes in the global economy, inventory levels, geopolitics, and other unpredictable events. Coal prices are also becoming more volatile due to increasing Chinese and Indian demand. Long-term LNG prices are expected to depend on oil indexation and Henry Hub natural gas prices. Domestic fuel prices in India will likely increase to accommodate more difficult exploration and production activities. Fuel consumers should diversify contracts across price indices and invest in integrated supply chains to manage volatility risks.
Presentation 2Q09 - English audio (presentation only)Gazprom Neft
Gazprom Neft reported financial and operating results for 2Q 2009. Key highlights include:
- Daily crude oil production increased 2.9% in 2Q 2009 compared to the same period last year.
- The company launched a rebranding program and acquired retail assets in Russia during the quarter.
- Despite a 50% decline in average Urals oil prices year-over-year, crude exports netback adjusted for export duties declined only 42% due to the impact of the mineral extraction tax.
- Refining margins remained under pressure in 1H 2009, with refining netbacks lower than crude exports, though margins are expected to recover.
- The company grew crude output
- The document provides an overview of Newmont Mining Corporation's 2008 strategic priorities and financial outlook.
- Key priorities include ongoing project execution like the Nevada power plant and Yanacocha gold mill. Exploration and development activities at projects like Conga and Akyem are also emphasized.
- Financial guidance for 2008 includes equity gold sales of 5.1-5.4 million ounces at costs of $425-450 per ounce, and capital expenditures of $1.8-2 billion.
1) Kvaerner reported several important contract awards in the first quarter of 2012, including two jackets, an onshore EPCM contract, and a topside. Tendering activity remained high.
2) Key financial figures for the quarter included revenues of NOK 3.9 billion, EBITDA of NOK 249 million, and an order backlog of NOK 10.8 billion.
3) Operationally, Kvaerner continued work on several offshore projects including jackets for Nordsee Ost and the nearing completion of the Ekofisk jackets. Engineering also progressed on the Martin Linge and Edvard Grieg projects.
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Focus on Gold: Challenges of gold mining in the US – reopening the Drumlummon Mine in Montana
20 May 2010
by David Wilson - Societe Generale
The document discusses Newmont Mining Corporation's growth strategy and financial performance. It highlights production growth potential to around 7 million ounces of gold by 2017 through its project pipeline. It also notes exploration upside with potential to add reserves equivalent to 90 million ounces of gold over the next decade. Finally, it provides updates on various projects in its portfolio such as Akyem, Conga, and Long Canyon.
Reduce Cost whilst preserving Human Capitalbvandenbrink
The document discusses how the current economic downturn is impacting the oil and gas industry and necessitating cost reductions. It notes that (1) cash flow for oil companies is lower, projects are being postponed or canceled, and equipment is being idled. (2) Both operators and service companies have announced layoffs and workforce reductions. (3) To maintain viability, all cost items including engineering, procurement, construction, and personnel must be optimized to achieve 10-20% cost reductions.
This document summarizes a presentation by Timur Yanbukhtin of EVRAZ Group at a UBS Investment Conference on October 22, 2009. It discusses EVRAZ's execution of cost-cutting measures and production optimization plans during the economic downturn. These included shutdown of inefficient capacity, cost savings of 35-42% year-over-year, and capex reductions of 62% in 1H09. It also provides an overview of debt repayments, liquidity position, and expectations for improved financial results in 2H09 as destocking ends and demand/prices recover in key markets.
Deutsche bank 8th annual russia one on-one conference, лондонevraz_company
This document provides an overview of EVRAZ Group, a world-class steel and mining company. Some key points:
- EVRAZ is one of the largest steel producers globally and a leader in markets like Russia, CIS, Europe, and North America.
- In 2009, EVRAZ produced over 15 million tons of crude steel and over 14 million tons of rolled steel products.
- EVRAZ has implemented cost-cutting measures and production optimizations to maintain its low-cost position. This has helped stabilize operations during the economic crisis.
- The mining segment has remained EBITDA positive due to self-sufficiency in raw materials and benefitting from higher iron ore and coal prices.
- NLMK's FY2010 financial performance was strong with sales volumes up 11% and revenue up 36% over 2009. EBITDA increased 63% and net income increased 484%.
- In Q4 2010, steel sales volumes were unchanged while average sales prices declined 2% from the previous quarter. Cash costs per tonne remained flat.
- For 2010, NLMK Group's crude steel production increased 9% to 11.5 million tonnes, driven by a 9% increase at the Lipetsk site. Production is expected to increase around 10% in 2011.
- Regional sales in 2010 saw 32% in Russia, 26% in Europe, and 12% in North America. High value
презентация для инвесторов, ноябрь 2009evraz_company
This document provides an overview of EVRAZ Group, a major global steel and mining company. Some key points:
- EVRAZ is one of the largest steel producers in the world and a leader in markets in Russia, CIS, Europe, and North America.
- In 2008, EVRAZ produced over 17 million tons of crude steel and had $20 billion in revenue.
- In the first 9 months of 2009, revenue declined 58% to $7.1 billion due to lower prices and sales volumes from the economic crisis.
- EVRAZ has taken actions to reduce costs, optimize production, cut capex, and improve financial position to maintain competitiveness during the downturn.
Goldman Sachs hosted a basic materials conference where Newmont presented. Newmont's presentation included cautionary statements about forward-looking estimates and non-GAAP financial measures. Newmont highlighted its record first quarter results in 2008, including highest ever realized gold price and cash flow. Newmont also discussed its focus on executing major projects like Boddington and Yanacocha, advancing projects like Conga and Akyem, and investments like Canadian Oil Sands to increase shareholder value.
This document provides an overview of Reliance Steel & Aluminum Co., a Fortune 500 metals service center company. It discusses the company's profile, role in the supply chain, recent accomplishments including record financial results in 2007, acquisition strategy, internal growth, sales by product/commodity/region, geographic coverage, stock performance, commitment to shareholder value, and investment highlights. The company provides value-added processing and distribution of over 100,000 metal products to over 125,000 customers across more than 180 locations globally.
The presentation provides an overview of Merrill Lynch's Global Metals, Mining and Steel Conference on May 14, 2008. It discusses Newmont Mining Corporation's record first quarter results in 2008, focus on continued cost reductions and reserve growth, and progress on major projects including the Nevada power plant and Yanacocha gold mill expansion. Updates are also given on the Boddington, Conga, Hope Bay, and Akyem projects. The presentation contains cautionary statements regarding forward-looking estimates and metrics.
This document provides the third quarter 2008 results presentation from Royal Dutch Shell. It discusses Shell's financial highlights for Q3 2008 including earnings of $8.8 billion and EPS growth of 47% year-over-year. It also provides an update on Shell's portfolio progress through new acquisitions in Canada that added over 1 billion boe of tight gas resources, and asset sales as part of its ongoing strategy. Key projects that started up or are planned to start up between 2008-2011 are also listed.
The document is a presentation by Tim Solso, Chairman and CEO of Cummins, at Baird's 2005 Industrial Conference. It summarizes Cummins' financial performance and commitments, including exceeding targets for revenue growth, EBIT margin, capital expenditures, debt ratios, and returns. It outlines strategies to increase profitability, reduce debt, invest in growth areas, and create shareholder value. Cummins is well positioned for future growth in emerging markets like China and India. The presentation also discusses strategies for heavy duty engines, components and distribution businesses, and preparations for 2007 emissions regulations.
The document is a presentation by Tim Solso, Chairman and CEO of Cummins, at Baird's 2005 Industrial Conference. It summarizes Cummins' financial performance and commitments, including exceeding targets for revenue growth, EBIT margin, capital expenditures, debt ratios, and returns. It outlines strategies to increase profitability, reduce debt, invest in growth, and create shareholder value. Key markets like North America heavy-duty trucks and emerging markets are growing significantly. Cummins is well-positioned for future emissions regulations and global trends.
- The document is a presentation from Merrill Lynch's Global Metals, Mining and Steel Conference on May 14, 2008.
- It discusses Newmont Mining Corporation's record first quarter results in 2008, including record gold sales and cash flow. It also provides an update on Newmont's major projects and production guidance for 2008.
- The presentation emphasizes Newmont's leverage to rising gold prices through focus on costs and an unhedged production strategy.
Canadian Arrow Mines Ltd. is a nickel-copper producer with 3 key assets containing over 104 million pounds of nickel. These include the Kenbridge nickel-copper project estimated to have a net present value of $253 million, and the Alexo and Kelex nickel mines. Arrow also retains a 2% royalty interest in the Hart nickel project that is estimated to provide $9 million in revenue. However, Arrow's current market capitalization of $12 million represents a 96% discount to its estimated net asset value of $282 million. The company plans to restart production at Alexo and Kelex to generate near-term cash flow and fund development of the larger Kenbridge project.
Deutsche bank russia one on-one conference — londonevraz_company
Deutsche Bank held a Russia One-on-One Conference in London in February 2007 to discuss Evraz Group S.A., a vertically integrated steel and mining company. Evraz highlighted its leadership in the Russian construction and railway steel markets, its self-sufficiency in raw materials from owned mines, and its goal to be a top 5 most profitable steelmaker globally. Evraz also discussed its recent acquisitions and investments that expanded its mining and steel operations in Russia, Europe, South Africa, and the United States.
This document provides an overview of EVRAZ Group, a major steel and mining company. Some key points:
- EVRAZ is one of the largest steel producers globally and the leader in the Russian/CIS markets. It produces over 17 million tons of crude steel annually.
- In 1H 2009, revenue decreased 57% to $4.6 billion due to lower prices and sales volumes. However, cost cutting measures helped reduce costs.
- EVRAZ has focused on optimizing production, reducing costs, decreasing capex, and actively managing working capital to improve its financial position in the difficult market environment.
- Recent capital market activities raised $965 million in new funds to further strengthen
Duratex reported its results for the first quarter of 2008. It has leadership positions in metals and vitreous china segments in Brazil. It also has the most diversified product line in the wood panel industry. Duratex is increasing production capacity across various divisions through capital expenditures to strengthen its leadership positions and meet growing demand. Housing starts and financing continued to grow strongly in Brazil creating opportunities for Duratex's construction materials.
презентация для инвесторов, Non deal roadshow, европа и сша, 5-9 апреля 2010evraz_company
This corporate presentation by EVRAZ Group provides an overview of the company's strategy, 2009 financial results, operations, and outlook. Some key points:
1) EVRAZ maintained leadership in the Russian construction steel market while strengthening its international flat and tubular business. Cost reductions led to a 35% decrease in cost of revenue.
2) Revenue declined 52% to $9.8 billion due to lower prices and volumes, though margins improved in 2H09. Net loss was $1.3 billion primarily due to one-off impairment charges.
3) Management actions included optimizing production, reducing costs by 37% per tonne, decreasing CAPEX 60%, and lowering debt by $2 billion to $
POSCO achieved strong operating performance in 3Q 2009 with sales reaching 2.5 million tons per month due to increased production and market recovery. Key activities included expanding domestic production capacity through facility upgrades and new plants, strengthening competitiveness in stainless steel, and laying the foundation for global growth through projects in Mexico, Japan, Vietnam, and India. POSCO also promoted environmentally friendly coal gas and advanced material businesses through new investments and joint ventures.
This document contains cautionary statements regarding forward-looking statements in Gary Goldberg's presentation at the Bank of Montreal Metals and Mining Conference on February 25, 2013. It warns that actual results could differ materially from projections due to risks and uncertainties. It also notes that estimates of resources are subject to further exploration and development and are not guarantees that minerals can be economically extracted. The document outlines Newmont's priorities of strong free cash flow growth, leverage to gold prices, returning capital to shareholders, total cost management, and maximizing asset value.
- Century Aluminum reported financial results for the first quarter of 2009 with a net loss of $115 million compared to a net loss of $694 million in the fourth quarter of 2008.
- Operations have been impacted by weak end markets with plants performing safely though further capacity curtailments may be required to balance the aluminum market.
- The company has taken aggressive actions to reduce costs including full curtailment of the Ravenswood plant, curtailment of a potline at Hawesville, and production cuts at other facilities. Liquidity was also improved through an equity offering and tax refunds providing $267 million of cash on hand.
- While signs of potential market stabilization are emerging, the macro
The document provides an overview of EVRAZ plc, a vertically integrated steel and mining company. It summarizes EVRAZ's operations, including its production levels in the first quarter of 2013. Key highlights include an 11% increase in steel production year-over-year due to lower downtime. Mining production was largely stable, with a 14% increase in raw coking coal. Capex for 2013 is estimated to be $1.1 billion, focused on mining expansion projects and continuing steel segment upgrades.
This investor presentation provides an overview of EVRAZ, a large vertically integrated steel and mining company. Some key points:
1) EVRAZ is one of the largest steel producers globally and the top producer of rails and large diameter pipes in North America.
2) In 2012, EVRAZ produced 14.2 million tons of steel and generated $16.4 billion in revenue.
3) EVRAZ operates steel mills, iron ore and coal mines, ports, and rail infrastructure across Russia, Europe, North America, and other regions.
Morgan stanley russia metals & mining infrastructure field tripevraz_company
This document provides an overview of EVRAZ, a global steel producer. Some key points:
- EVRAZ is a top-20 global steel producer based in Russia, with revenue of $16.4 billion in 2011.
- It is self-sufficient in iron ore and coking coal. EVRAZ has steel mills, iron ore mines, coal mines, and sea ports.
- EVRAZ has a global operating model, with the majority of its 2011 steel sales in Russia and CIS countries. It is well-positioned for steel consumption growth in these markets.
- EVRAZ's NTMK facility is a leading Russian producer of long steel products, with competitive
This document provides a disclaimer and overview of Evraz Group S.A., a steel and mining company. It outlines Evraz's vision to be a top 5 global steelmaker by return on capital employed and EBITDA margin. It also summarizes Evraz's strategy to advance in long steel products, enhance cost leadership, expand in plate markets, achieve vertical integration, and lead in vanadium. Finally, it summarizes Evraz's 9M08 financial highlights, including revenue of $17.1 billion, EBITDA of $5.95 billion at a 34.8% margin, and steel sales volumes of 13.7 million tonnes.
The document provides an overview of EVRAZ Group's operations and financial results for 1H08 and 3Q08. Key points include:
- 1H08 EBITDA increased 82% to $3.7 billion due to stronger pricing and acquisitions.
- Russian steel revenue grew 44% while sales volumes remained flat. Prices started declining in 3Q08.
- North American operations benefited from higher prices and acquisitions. European sales volumes declined but revenues rose.
- Mining output increased, raising self-sufficiency in iron ore and coking coal.
- Total debt as of September 2008 was $10.17 billion including $4.27 billion short-term debt,
This document provides a disclaimer and overview of Evraz Group, a Russian and CIS steel and mining company. It summarizes Evraz's 3Q08 results including revenue of $6.5 billion on steel sales of 4.3 million tonnes. It also discusses Evraz's strategy to become a top 5 global steelmaker, current debt levels, operations in Russia, North America, Europe and mining segments. Steel and raw material price trends are shown.
Credit suisse global steel and mining conferenceevraz_company
The document summarizes Evraz Group's strategy, financial highlights from 1H08, and operations across key regions. Some key points:
- Evraz aims to be a top 5 global steelmaker by advancing its long product leadership in Russia/CIS and expanding internationally.
- 1H08 revenue increased 78% to $10.7B driven by pricing and acquisitions. EBITDA soared 82% to $3.7B with mining hedging steel costs.
- Recent acquisitions in North America through Claymont Steel and IPSCO Canada expanded Evraz's international presence and are expected to contribute significantly to 2H08 results.
The document discusses Evraz Group, a leading steel and mining company. It details that railway products make up 15% of Evraz's portfolio, and that Evraz produces over 1.6 million tonnes of rails annually at several facilities. Evraz is also the world's largest producer of rails, accounting for 23% of global market share. A major customer, Russian Railways, buys about 60% of the rails produced by Evraz in Russia. The document outlines Evraz's investments in improving railway product quality and expanding production capabilities.
презентация для инвесторов, сентябрь 2012evraz_company
The document provides an investor presentation on EVRAZ's financial and operational performance in the first half of 2012, noting a decline in revenues due to lower steel sales volumes and prices, while costs were positively impacted by a weaker ruble; the company maintained a strong liquidity position and generated free cash flow during the period. Operations were reported as stable across the company's steel segments in both CIS and North American markets.
The document summarizes EVRAZ's investor day presentation held on 19 June 2012 in London. It discusses EVRAZ's strategy for future growth, commitment to high standards of corporate governance, and positioning as a leading low cost steel and mining company. Senior management provided an overview of EVRAZ's operations, markets, and financial performance, emphasizing its focus on maintaining a competitive cost position through vertical integration and operating in growing markets.
EVRAZ is a top-20 global steel producer based in Russia and the UK. In 2011, EVRAZ produced 16.8 million tonnes of crude steel. Revenue in 2011 was $16.4 billion with EBITDA of $2.9 billion. EVRAZ is highly integrated in iron ore and coking coal, which helps mitigate rising input costs. In Q1 2012, steel product sales were unchanged from a year ago while revenues were flat due to stable prices and volumes. EVRAZ remains focused on cost control and vertical integration to navigate fluctuations in the steel market.
презентация для инвесторов, апрель 2012evraz_company
This corporate presentation provides an overview of a top 20 global steel producer:
1) In 2011, the company produced 16.8 million tons of crude steel and sold 15.5 million tons of steel products, while becoming 102% self-sufficient in iron ore and 56% in coking coal.
2) Key financial figures for 2011 include revenue of $16.4 billion and adjusted EBITDA of $2.9 billion, with total debt of $7.2 billion and a net debt to EBITDA ratio of 2.2x.
3) The presentation reviews the company's operations and market presence across different regions, and provides an update on health, safety, environmental and investment initiatives
презентация для инвесторов, февраль 2012evraz_company
This corporate presentation provides an overview of EVRAZ, a vertically integrated steel and mining company. Some key points include:
- EVRAZ is a top global steel producer with low-cost operations due to vertical integration and a focus on efficiency.
- In 2011, EVRAZ produced 16.8 million tons of crude steel and 15.2 million tons of steel products.
- EVRAZ has recently moved to a premium listing on the London Stock Exchange and implemented a new dividend policy.
- The outlook remains challenging due to volatility in the global economy and steel industry, though EVRAZ is well positioned with its cost advantages and flexibility.
презентация для инвесторов, январь 2012evraz_company
This corporate presentation provides an overview of EVRAZ plc, a vertically integrated steel and mining company. Some key points:
- EVRAZ is a top global steel producer and leader in key markets like construction and rail in Russia and CIS.
- The company has low production costs due to vertical integration and high efficiency.
- In 2011 EVRAZ produced 16.8 million tons of crude steel and 15.2 million tons of steel products.
- The presentation discusses recent market developments, 2011 operational results, outlook, and EVRAZ's competitive advantages.
презентация для инвесторов, август 2011evraz_company
This corporate presentation provides an overview of Evraz Group, one of the largest vertically integrated steel and mining companies in the world. In 2010, Evraz saw significant growth in revenues and EBITDA due to strong market recovery, with both prices and volumes contributing to increased revenue. While steel products remain the predominant source of revenue, EBITDA is increasingly generated by the mining segment due to higher growth in iron ore and coking coal prices. The presentation discusses Evraz's financial and operational performance in 2010 and the first half of 2011, with a focus on costs, cash flow generation, debt maturity, and market performance in key regions.
презентация для инвесторов, апрель 2011evraz_company
This document provides an overview of Evraz Group, a large global steel and mining company, for the years 2009-2010. Some key points:
- In 2010, Evraz produced 16.3 million tons of crude steel and sold 15.5 million tons of rolled products, with revenue of $13.4 billion and EBITDA of $2.4 billion.
- Revenue and earnings grew significantly from 2009 as a result of strong market recovery and increases in both steel product prices and volumes sold.
- While steel products remain the largest source of revenue, the mining segment contributed more to EBITDA due to relatively higher growth in iron ore and metallurgical coal prices.
The document provides an overview of Evraz Group, a vertically integrated steel and mining company. In 2010, Evraz saw significant growth in revenues and EBITDA due to strong market recovery. Revenues increased 37% to $13.4 billion while EBITDA grew 90% to $2.35 billion. Steel remained the primary revenue source but mining contributed more to EBITDA due to higher iron ore and coal prices. The company continued to generate positive free cash flow despite high capital expenditures.
презентация для инвесторов, ноябрь 2011evraz_company
This corporate presentation provides an overview of EVRAZ, a large, vertically integrated steel and mining company. Some key points:
- EVRAZ is one of the largest steel and mining companies globally, with operations spanning Russia, Europe, North America, and Asia.
- It has low-cost, efficient operations due to vertical integration and a focus on production.
- Financial results for 1H 2011 showed increases in revenue, gross profit, EBITDA, and net profit compared to the prior year period.
- The presentation highlights EVRAZ's size, geographic reach, investment opportunities, and track record of growth.
презентация для инвесторов, ноябрь декабрь 2011evraz_company
This corporate presentation provides an overview of EVRAZ plc, a vertically integrated steel and mining company. It discusses EVRAZ's operations, competitive advantages, growth opportunities, and recent financial performance. Key points include:
- EVRAZ is a top 15 global steel producer with low-cost operations due to vertical integration and exposure to growing construction/infrastructure markets.
- In 2010 EVRAZ produced 16.3MT of crude steel and sold 15.5MT of products, with revenue of $13.4B and EBITDA of $2.4B.
- EVRAZ enjoys a low-cost position due to high self-sufficiency in raw materials. Recent capacity expansion
презентация для инвесторов, февраль 2011evraz_company
- The document is a corporate presentation from Evraz Group SA that provides an overview of the company, its operations, financial highlights, and outlook.
- Evraz is a leading global steel and mining company with operations in Russia, Ukraine, USA, and Kazakhstan. In 2010, it produced 16.3 million tons of crude steel.
- In 1H 2010, Evraz's revenue increased 38% year-over-year to $6.4 billion due to higher sales volumes and prices. Its EBITDA more than doubled to $1.2 billion.
- Looking ahead, Evraz expects demand for its construction products to increase driven by large-scale infrastructure projects in Russia, such as the 2014 Sochi
1. EVRAZ GROUP
Corporate Presentation
Timur Yanbukhtin, Vice President
ING Conference, Prague
3 December 2009
2. Evraz Group in Brief 2
◦ World-class steel and mining company, one of the 15 largest steel companies in the
world in 2008
◦ Leader in the Russian and CIS construction and railway products markets
◦ A lead player in the European and North American plate and large diameter pipe
markets
◦ One of the world’s lowest cost steel producers due to production efficiency and high
level of vertical integration
◦ One of the leading producers in the global vanadium market
◦ In 2008, Evraz produced 17.7 million tonnes of crude steel, 13.3 million tonnes of
pig iron and 16.1 million tonnes of rolled products
◦ 2008 consolidated revenue amounted to $20.4 billion
◦ 2008 EBITDA reached $6.3 billion
4. Execution of Management Action Plan 4
◦ Production optimisation
◦ Shutdown of inefficient capacity
◦ Shift of production to semi-finished products, where demand is relatively high
◦ Take advantage of flexibility between billet and slab production depending on market situation
◦ Full utilisation of available capacity in Russia (13.2 mtpa of crude steel) achieved from 1 July 2009
◦ Cost saving measures
◦ Cash cost of one tonne of semi-finished steel products in Russia decreased by 35%
◦ Labour costs decreased by 32% compared to 1H08
◦ Services and auxiliary materials costs decreased by 42% compared to 1H08
◦ Capex savings
◦ Capex in 9M09 was US$321 million (64% down vs. 9M08) out of US$500m FY2009 guidance
◦ Exit from Cape Lambert Project in Australia
◦ Financial management
◦ Total debt decreased to US$8.6 billion, net debt decreased to US$7.4 billion as of 15 November 2009
◦ US$965m raised from concurrent GDR and five-year convertible bond offerings in July 2009
◦ RUB20 billion (approx. US$688m) raised from five-year bond offering in October 2009
◦ One-year extension of US$1.8 billion VEB loan due in 4Q09 approved
5. Maintaining Cost Leadership 5
◦ Constant review of product and resources flows for Cash Cost*, Slabs & Billets
potential efficiency gains US$/t
◦ Mining segment cash costs have reduced significantly: 400
345
375
◦ Approximately 75% of consolidated cost is rouble 300
248
denominated 221
◦ Russian-based assets have benefited from
200
declines in utilities and staff costs 100
◦ Low proportion of fixed costs in the US operations with
0
key raw materials being scrap and our own slab Slab, Russia Billet, Russia
1H08 1H09
* Average for Russian steel mills, excl. SG&A and amortisation
Cost of Revenue, Steel Segment Cash Cost, Coal Products and
US$ mln 100% Fe Iron Ore Products
US$/t
7,000 6,172
9%
120 107
6,000
7%
5,000 4% 90
8% 3,953 73
4%
4,000 18%
8% 60 50
3,000 12%
68% 9% 30
2,000 5% 30
1,000 48%
0 0
1H08 1H09 Coal products Iron ore products, 100% Fe
Raw materials Transportation Staff costs Depreciation Energy Other 1H08 1H09
%% is given to total Steel Segment Cost of Revenue
Source: Management accounts
6. Debt Maturities and Liquidity Profile 6
◦ Total debt of approx. US$8.6 billion, net debt of US$7.4 billion as of 15 November 2009
◦ Debt due by end of 3Q10, after VEB credit facility extension and repayment of the VTB
RUB10 billion loan (~US$344 million), is approx. US$1.1 billion
◦ Cash and cash equivalents amounted to approximately US$1.2 billion as of 15 November
2009
Debt Maturities Schedule Breakdown of Debt
Breakdown of Debt
Debt Maturities Schedule Due by 30 September 2010
US$ mln US$ mln Due by 30 September 2010
3000
2,479
2500
276
2000
1,451
1,367
1500 1,185
1000 705 595 57
509
500 302
805
17 15
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
1Q 2Q 3Q 4Q $3.2bn syndicated loan Revolving debt Term loans
Source: Management accounts
7. Recent Capital Market Developments 7
◦ One-year extension of VEB US$1.8 billion loan facility initially due in 4Q09
approved
◦ RUB20 billion (approx. US$688 million) five-year bond issued in October
◦ Evraz signed US$950 million three-year credit facility with Gazprombank in
October (currently not utilised)
◦ VTB RUB10 billion (approx. US$344 million) loan was repaid in November 2009
◦ Evraz is currently in compliance with all its financial covenants
◦ On 12 November Evraz received consent from syndicate of bank lenders to
amend debt covenants, allowing flexibility to implement current strategy
◦ On 12 November Evraz launched consent solicitation from bondholders to
amend debt covenants
8. Market Improvement since the Beginning of 2009 8
Steel Prices
◦ Recovery in prices for semi-finished products is US$/t
driven by demand from Asia, the Middle East and
North Africa 500
◦ Expected steelmaking capacity utilisation until
year-end: 450
◦ Russia – 100%
400
◦ Ukraine – 100%
◦ North America – 70% 350
◦ Czech Republic – 65%
300
◦ South Africa – 70%
◦ Russian mining assets are running at 100% 250
capacity in coal and 87% in iron ore
◦ Steel volumes in 2H09 to grow by approximately
200
Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov-
10% compared to 1H09 due to the restart of blast
09 09 09 09 09 09 09 09 09 09 09
furnace
◦ Prices for semi-finished products in 2H09 are Slabs, FOB Far East
higher than 1H09 Billets, FOB Far East
Source: Metal Courier
9. 3Q09 Operational Results 9
◦ In 3Q09, consolidated crude steel output increased by 22% vs. 2Q09 reflecting overall higher production
volumes at Evraz’s steel mills (except for Ukraine)
◦ Production volumes of rolled products rose on the back of better demand than in 2Q09
◦ Russia +23%
◦ Europe +38%
◦ North America +8%
◦ South Africa +5%
◦ Growth of production in all major product segments vs. 2Q09 except for railway products in Russia and
North America and tubular products in North America
‘ Production of Rolled Products
‘000 tonnes
+12%* - 8%*
1,500
1,200
- 50%* - 23%*
900
600 - 54%* - 16%*
300
0
Semi-finished Construction Railway products Flat-rolled products Tubular products Other steel products
products products
3Q08 2Q09 3Q09
* year-on-year comparison
10. Steel Production: Russia 10
◦ Destocking/restocking cycle in Russian domestic market completed
◦ Inventories at a normal level
◦ Russian government infrastructure spending, potentially a major driver of demand for construction
steel and railway products, is unlikely to have significant impact this year due to seasonality
Production of Rolled Products
‘000 tonnes
3,110
129 2,897
64 122
567 2,309 2,364 79 263
72 127
1,992 71
70 43 306 285 936
1,058 50
433
843 798
625
1,293 1,497
1,046 1,084
815
3Q08 4Q08 1Q09 2Q09 3Q09
Semi-finished Construction Railway Flat-rolled Other steel
11. Steel Production: North America 11
◦ Relatively good performance at the beginning of 2009 with subsequent deterioration in
line with market trends
◦ Stability of demand for large diameter pipes in Canada due to long contracts (Keystone
XL project)
◦ Destocking in the market is largely over with apparent demand remaining distinctly
limited
◦ Well-positioned to benefit from expected government infrastructure investments
Evraz Inc. NA’s Production of Rolled Products
‘000 tonnes
799
660
253 606
309 490
454
266
117
321 153
183 160 186
115
122 79
112 112 121
103 56 69 65 108
3Q08 4Q08 1Q09 2Q09 3Q09
Construction products Railway products Flat-rolled products Tubular products
12. Steel Production: Europe and South Africa 12
Production of Rolled Products, Europe Production of Rolled Products, South Africa
‘000 tonnes ‘000 tonnes
344
14 176
6
264 157
254 149
6 2 5
135
28 8
202 121
192 97 2 55
4
287 7 98
42
74
226
205 12 34
183 168
73 64
53 59 50
44 21 16 17 33 3
3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09
Other steel products Other steel products
Flat-rolled products Flat-rolled products
Construction products Construction products
Semi-finished products
13. Mining: Positive Margins Even in the Downturn 13
◦ Full self-coverage in raw materials achieved, Mining Segment Performance
allowing cash preservation US$ mln
◦ Mining segment remained EBITDA positive
2,500
2,000
2,012
even at the lowest levels of raw material prices
1,500
◦ Sustainability of vertically-integrated model in 1,000 837
market downturn 652
500
94
0
1H08 1H09
Revenue EBITDA
Iron Ore and Coking Coal Coverage* Cost of revenue, Mining Segment
‘000 tonnes US$ mln
14,000 12,147
12,000 11,271 1400
8,859
1,196
10,000 8,809 1200
8,000 18%
6,250 1000
9%
6,000 4,915 4,795
3,597 93% 800 16% 685
4,000 99%
600 14%
2,000 133% 20% 14%
79%
0 400 6% 27%
1H08 1H09 1H08 1H09 200 31% 26%
9%
10%
Coking coal Iron ore 0
1H08 1H09
Consumption Production Raw materials Transportation Staff costs Depreciation Energy Other
Source: Management accounts %% is given to total Mining Segment Cost of Revenue
* Self-coverage is calculated as a sum of coking coal production by Mine 12, Yuzhkuzbassugol production and pro rata to Evraz’s ownership production of Raspadskaya , in coal
concentrate equivalent, divided by Group’s total coking coal consumption excluding coal, used in production of coke for sale to third parties
14. 9M09 Financial Summary 14
US$ mln unless otherwise stated 9M 2009 9M 2008 Change
Revenue 7,118 17,100 (58)%
Adjusted EBITDA* 874 5,951 (85)%
Adjusted EBITDA margin 12% 35%
Net Debt** 7,256 9,565 (24)%
Steel Sales*** (million tonnes) 10.7 13.7 (22)%
Source: Management accounts
* Adjusted EBITDA represents profit from operations plus depreciation and amortisation, impairment of assets and loss (gain) on disposal of PP&E, forex
gains/(losses).
** As of the end of the period
*** Segment sales volumes to third parties
15. 9M09 Financial Highlights 15
◦ Group revenue decreased by 58% vs. 9M08 to Consolidated Revenue and EBITDA
US$7.2bn driven largely by decrease in average prices US$ mln
and sales volumes of steel products
7,000 6,533
◦ Geographical diversification of the business helped to 6,000
stabilise operations in crisis environment 5,000
4,000 3,280
◦ International assets performed well in the first quarter 3,000 2,251 2,413 2,226 2,479
with subsequent deterioration due to the later start of 2,000
destocking in the mature markets 1,000 372 305 163 406
0
◦ Recovery of export demand for semi-finished steel 3Q08 4Q08 1Q09 2Q09 3Q09
helped to fully utilise Russian assets as from 1 July
Revenue EBITDA
2009
9M09 Steel Segment Sales Volumes by Product 9M09 Steel Segment Revenue by Product
‘000 tonnes US$ mln
15,000 13,673
516 15,000 13,498
12,500 579 528
2,146 10,707
296 12,500 1,082
10,000 1,830 528 2,628
1,495 10,000
7,500 1,166 1,737
4,439 7,500 5,866
3,110 158
5,000 4,415 822
5,000
1,040 820
2,500 4,163 4,112 2,500 1,544
3,108
0 1,482
0
9M08 9M09 9M08 9M09
Semi-finished Construction Railway
Semi-finished Construction Railway Flat-rolled Tubular Other steel Flat-rolled Tubular Other steel
Source: Management accounts
16. Summary 16
◦ Difficult economic situation in the first half of 2009
◦ Increased geographical diversification of business helped to stabilise the situation
◦ Strengthening global demand for semi-finished steel allowed us to fully utilise Russian
steelmaking starting from 1 July 2009
◦ Post April 2009 improvement in benchmark prices for semi-finished steel products is
reflected only in 2H09 revenues due to the nature of export contracts
◦ Management action plan in line with expectations in terms of cost savings and working
capital release
◦ Decrease in debt level, successful US$965 million capital raising exercise in July and
RUB20 billion five-year bond issue in October
◦ Completion of destocking in our key markets, alongside improvement in Asian demand,
makes us confident of achieving better results in the second half of 2009
18. Revenue by Market 18
First Half of 2008 First Half of 2009
4% 3%
7%
12%
3%
28%
5%
2%
1%
4% 40%
10%
14% 2%
9% 3%
5%
16% 2% 30%
Russia Ukraine Other CIS Americas Russia Ukraine Other CIS Americas
Europe Middle East China Thailand Europe Middle East China Thailand
Other Asian Africa & RoW Other Asian Africa & RoW
19. Disclaimer 19
This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or
acquire securities of Evraz Group S.A. (Evraz) or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part
of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or
investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed
on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of Evraz or any of its affiliates,
advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this
document or its contents or otherwise arising in connection with the document.
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment
professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high
net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as “relevant persons”). Any person who is not a relevant person should not act or rely on this document or any
of its contents.
This document contains “forward-looking statements”, which include all statements other than statements of historical facts, including, without
limitation, any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”,
“anticipates”, “would”, “could” or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Evraz’s control that could cause the actual results, performance or achievements of Evraz to be
materially different from future results, performance or achievements expressed or implied by such forward-looking, including, among others, the
achievement of anticipated levels of profitability, growth, cost and synergy of recent acquisitions, the impact of competitive pricing, the ability to
obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility
in stock markets or in the price of our shares or GDRs, financial risk management and the impact of general business and global economic
conditions.
Such forward-looking statements are based on numerous assumptions regarding Evraz’s present and future business strategies and the
environment in which Evraz Group S.A. will operate in the future. By their nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak
only as at the date as of which they are made, and Evraz expressly disclaims any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained herein to reflect any change in Evraz’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based.
Neither Evraz, nor any of its agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the
forward-looking statements contained in this document.
The information contained in this document is provided as at the date of this document and is subject to change without notice.