- Evraz reported its 2006 interim results, with revenue growing 5.3% to $3.825 billion due to a 23% increase in sales volumes. EBITDA remained flat at $1.096 billion.
- Steel segment sales volumes increased 23% to 8.3 million tonnes, driven by strong growth in the Russian construction market. Mining segment EBITDA declined 47.4% to $133 million.
- The company maintained a strong balance sheet with net debt to EBITDA of 1.0x and significant cash balances. Evraz is well positioned in the growing Russian and CIS steel markets.
This document provides an overview of Evraz Group S.A., a vertically integrated steel and mining business. In 2006, Evraz achieved revenue of $8.3 billion, EBITDA of $2.7 billion, and net profit of $1.4 billion. Key accomplishments in 2006 included growing steel sales volumes by 25% to 16 million tonnes, strengthening its international market position, enhancing its cost leadership, and completing further vertical integration in mining. Looking ahead, Evraz is well positioned to capitalize on continued strong growth in the Russian construction market in 2007.
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.
EVRAZ Group S.A. reported preliminary results for the first half of 2007, with revenues increasing 57% to $6.023 billion compared to the same period in 2006. Steel product sales volumes remained almost flat at 8.466 million tonnes while average steel prices grew 51% due to strong demand. The mining segment also saw significant growth, with EBITDA up 157% to $345 million on higher iron ore and metallurgical coal production. For the full year 2007, EVRAZ expects consolidated revenues to increase 45-55% and EBITDA to grow 55-60% compared to 2006.
The investor presentation provides an overview of Evraz Group, a leading global steel and mining company. Some key points include:
- Evraz is the 14th largest steel producer globally with operations in Russia, Ukraine, Europe and North America.
- In the first quarter of 2010, Evraz saw a 23% increase in revenue and 39% increase in adjusted EBITDA compared to the same period last year.
- Evraz maintains a leadership position in construction steel and railway markets in Russia and the CIS while also having a strong international presence in plate and tubular products.
- The company focuses on maintaining its low-cost position through vertical integration and ongoing efficiency programs.
In 2 sentences or
The document summarizes MMX's 3Q12 results. It reports that production increased 7% quarter-over-quarter and 13% year-over-year. Sales increased 12% QoQ but decreased 10% YoY. Net revenues grew 21% QoQ but fell 10% YoY. The net loss narrowed significantly from the previous quarter though it was still lower than the previous year. EBITDA improved dramatically QoQ but was down slightly YoY. It also provides updates on various projects including the completion of mergers and financing arrangements as well as continued construction progress.
William Hobbs' presentation from Propel's recent "Predictions for Digital 2013" event. For more content like this, go to www.propellondon.com/blog or follow us on Twitter - @propellondon
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.
This document provides an overview of Evraz Group S.A., a vertically integrated steel and mining business. In 2006, Evraz achieved revenue of $8.3 billion, EBITDA of $2.7 billion, and net profit of $1.4 billion. Key accomplishments in 2006 included growing steel sales volumes by 25% to 16 million tonnes, strengthening its international market position, enhancing its cost leadership, and completing further vertical integration in mining. Looking ahead, Evraz is well positioned to capitalize on continued strong growth in the Russian construction market in 2007.
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.
EVRAZ Group S.A. reported preliminary results for the first half of 2007, with revenues increasing 57% to $6.023 billion compared to the same period in 2006. Steel product sales volumes remained almost flat at 8.466 million tonnes while average steel prices grew 51% due to strong demand. The mining segment also saw significant growth, with EBITDA up 157% to $345 million on higher iron ore and metallurgical coal production. For the full year 2007, EVRAZ expects consolidated revenues to increase 45-55% and EBITDA to grow 55-60% compared to 2006.
The investor presentation provides an overview of Evraz Group, a leading global steel and mining company. Some key points include:
- Evraz is the 14th largest steel producer globally with operations in Russia, Ukraine, Europe and North America.
- In the first quarter of 2010, Evraz saw a 23% increase in revenue and 39% increase in adjusted EBITDA compared to the same period last year.
- Evraz maintains a leadership position in construction steel and railway markets in Russia and the CIS while also having a strong international presence in plate and tubular products.
- The company focuses on maintaining its low-cost position through vertical integration and ongoing efficiency programs.
In 2 sentences or
The document summarizes MMX's 3Q12 results. It reports that production increased 7% quarter-over-quarter and 13% year-over-year. Sales increased 12% QoQ but decreased 10% YoY. Net revenues grew 21% QoQ but fell 10% YoY. The net loss narrowed significantly from the previous quarter though it was still lower than the previous year. EBITDA improved dramatically QoQ but was down slightly YoY. It also provides updates on various projects including the completion of mergers and financing arrangements as well as continued construction progress.
William Hobbs' presentation from Propel's recent "Predictions for Digital 2013" event. For more content like this, go to www.propellondon.com/blog or follow us on Twitter - @propellondon
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.
The document summarizes the proposed transaction between MMX and SK Networks. Key points include:
- SK Networks will invest up to $2.2 billion in MMX through a capital increase in exchange for shares and rights to iron ore offtake.
- MMX will acquire Sudeste Superport, valued at $2.2 billion, through a combination of shares, cash, and royalties.
- SK Networks will receive 50% of production from MMX Chile mines and a percentage of MMX Sudeste production, securing them long-term supply.
The transaction aims to accelerate MMX's consolidation strategy and secure logistics and offtake for both companies.
The document is a report from Oz Metals summarizing base and precious metal market fundamentals and company news. It discusses an expected intensification of the zinc market deficit in 2015 according to Glencore's annual report. It also provides updates on various mining company deals, operations, and commodity prices. Charts of company share prices and financial data are included.
Morgan stanley basic materials conference — new yorkevraz_company
Morgan Stanley held a basic materials conference in New York in February 2007 to discuss steel and mining companies. Evraz Group SA, a vertically integrated steel and mining company, presented on its operations and strategic goals to become one of the top 5 most profitable steelmakers globally through leadership in key markets and self-sufficiency in raw materials. Evraz saw strong growth in 2006 through rising steel demand and strategic acquisitions.
This document provides a summary of Vale's performance in 4Q12 and 2012. Some key points include:
- Iron ore production reached a record high of 85.5 Mt in 4Q12, driven by the ramp up of new projects.
- Overall revenues declined due to lower metals prices, but operational margins remained strong at 31.5% in 2012.
- New growth projects like Salobo, Lubambe, and Voisey's Bay nickel are ramping up as planned and expected to be significant value creators.
- Safety and sustainability remain top priorities, with injury rates continuing to decline.
- The company is focused on capital discipline and unlocking value from its existing low
On February 12, 2013, the Canada Mining Innovation Council held its 2nd Annual Signature Event, a mining conference bringing representatives from industry, government, academia, and other sectors together in Toronto to discuss the role of innovation in the industry's future. Gary Merasty, the VP of Corporate Social Responsibility at Cameco Corporation, presented the role of business in building and engaging communities.
Alamos Gold Inc. is a gold mining company focused on organic growth and low-cost production. It currently operates the Mulatos gold mine in Mexico, which has seen record production and financial performance in recent years. The company aims to double its gold production to over 300,000 ounces per year by 2012 through continued improvements at Mulatos, including processing high-grade ore through a new mill. Alamos also plans to grow its reserves and resources through ongoing exploration drilling at Mulatos and advancing new projects in its pipeline towards production.
Gold Investment Symposium 2012 - Jake Klein - Evolution MiningSymposium
The document discusses the revitalisation of the Australian gold industry. It notes that gold prices remain high in a continuing gold bull market, while central banks and gold ETFs continue significant gold purchases. However, gold shares have underperformed the rising gold price due to issues such as resource nationalism, cost blowouts, and failures to meet production guidance. The mid-tier Australian gold producer Evolution Mining is presented as well positioned due to its multiple assets, growth profile, and strong financial performance following its formation through a merger.
The document provides MMX's 2011 results. It highlights that MMX achieved record annual net revenues and EBITDA in 2011. Net revenues increased 43% to R$1 billion while adjusted EBITDA grew 33% to R$239.6 million. Sales volume also increased 8% to 7.7 million tons. The document also provides details on MMX's debt profile, gross margin, Sudeste Superport expansion project, and equipment.
The document discusses the Rosemont copper mine project located in Arizona. Key points include:
- Rosemont has proven and probable reserves of over 546 million tons containing 0.45% copper.
- Measured and indicated resources total over 665 million tons containing over 5.2 billion pounds of copper.
- The mine is expected to produce over 220 million pounds of copper annually over a mine life of over 21 years.
- With an after-tax NPV of $3.3 billion and low costs of $0.62 per pound of copper, Rosemont is expected to be a very profitable project for Augusta Resource Corporation.
Fortuna Silver Mines Inc. is a silver mining company with operations in Peru and Mexico. The presentation provides an overview of Fortuna's two core operating assets: the San Jose Mine in Mexico and the Caylloma Mine in Peru. It also summarizes the company's financial performance, growth strategy, and extensive land holdings for exploration.
- The company achieved or surpassed all 2010 guidance and projections. Net income was $0.7926 per share and $1.8252 per ADS.
- 97 commercial aircraft orders were placed and 101 deliveries were made. The company's customer base expanded to 58 customers in 39 countries.
- In executive jets, the company delivered 145 jets and achieved a 19% market share. A landmark order was received from NetJets.
- The KC-390 military aircraft received Letters of Intent from 6 countries for up to 60 aircraft. The Super Tucano was sold to Indonesia.
- The company was selected as one of the best companies to work for in Brazil for the second consecutive year. It was
Vms nan combo for astrologers fund feb 2013VMS Ventures
The document discusses VMS Ventures Inc., a mineral exploration company focused on discovering copper and nickel deposits in Manitoba, Canada and Greenland. It provides an overview of VMS's key projects including the Reed Copper Deposit in Manitoba, which is in a joint venture with Hudbay Minerals and expected to begin production in late 2013. It also discusses VMS's 100% owned exploration properties in Manitoba and North American Nickel's Maniitsoq nickel project in Greenland, which has returned high-grade drill results. Milestones and exploration plans for 2013 are outlined.
Copper prices have plummeted over the past week due to slowing economic growth in China and fears over the Chinese credit situation. Copper inventories have risen on the Shanghai exchange but fallen on the LME and COMEX, decreasing global stockpiles. European manufacturers are in a favorable position due to the copper price drop and a stronger euro. Chinese funds have been betting against copper due to concerns over Chinese demand and credit issues potentially unwinding financing deals.
This document discusses building a tier 1 mineral sands company. It describes World Titanium Resources' plans to list on the ASX and develop a tier 1 heavy mineral sands project in Australia. The project is expected to have low capital and operating costs, produce ilmenite and zircon/rutile concentrates, and generate robust financial returns. The company aims to begin production in 2014. There is potential for the company's market capitalization and valuation to significantly increase as it advances the project, expands resources, achieves permitting and production.
- Primero focused on growing production in 2011, targeting a 15% increase over 2010 levels to 110,000-120,000 gold equivalent ounces.
- Development and exploration at the San Dimas mine will be increased significantly to expand reserves and resources, particularly in the high-grade Sinaloa Graben area.
- Optimization efforts include increasing mine development, operating the mill at full capacity, and expanding the mill to allow for higher throughput by 2013.
The document provides an economic assessment of the impact of Mongolia's proposed new mineral law. It discusses:
1. The role of mining in Mongolia's economy and its contributions to GDP, exports, investment, and government revenue.
2. The proposed new mineral law and the methodology used for the economic analysis.
3. The implications of the proposed law on Mongolia's economy based on modeling insights.
4. Conclusions from the analysis of the economic impact of the proposed new mineral law.
This document discusses building a tier 1 mineral sands company through the merger of World Titanium Resources and Bondi Resources. Key points include:
1) The merger would create a larger company with increased market capitalization potential to be valued more in line with listed peers on a per tonne of heavy minerals basis.
2) The company's flagship project has the potential to be a long-life, low-cost, and scalable tier 1 mineral sands operation through a simple development concept and robust economics such as a 45% IRR.
3) Initial production of 400ktpa ilmenite and 40ktpa zircon/rutile concentrates is planned for 2014,
Cambridge House Vancouver Resource Investment ConferenceVMS Ventures
The document discusses VMS Ventures Inc., a mineral exploration company focused on discovering copper and nickel deposits in Manitoba, Canada and Greenland. Key points include:
- VMS has a 30% stake in the high-grade Reed Copper deposit in Manitoba, which is undergoing underground development with production expected to begin in late 2013.
- The company has over $10 million in cash and a large land package in Manitoba that will see a $1.2 million drill program in 2013.
- VMS also owns 21 million shares of North American Nickel, which has a large property in Greenland prospective for nickel deposits. Historic drilling at the property has intersected high nickel grades over long intervals.
Minera Andes owns the San Jose silver and gold mine in Argentina which produced over 5 million ounces of silver and 84,000 ounces of gold in 2010. Exploration continues to expand resources at San Jose which now has an estimated 12 year mine life. Minera Andes also owns the large undeveloped Los Azules copper project in Argentina which contains over 18% of the world's copper resources. Drilling and feasibility studies are ongoing to advance Los Azules with the goal of developing a 100,000 ton per day copper mine.
The document provides forward-looking projections and statements about the company's future financial performance, noting that actual results could differ from expectations. It highlights the company's financial results for the second quarter of 2010, including net revenues of $1.35 billion and an EBIT margin of 9.3%. The document also discusses the company's order backlog, deliveries, and positive signs for the commercial aviation business.
Evraz Group S.A. held a conference in Moscow on June 19, 2007 to discuss its performance in 2006 and outlook. The document provides an overview of Evraz's vertically integrated steel and mining business, its key 2006 achievements including revenue growth and increased sales volumes, and its strategic focus on advancing in long products and expanding internationally. Financial highlights show revenue increased 27% to $8.3 billion in 2006 with an EBITDA margin of 32% and net profit up 51%. The presentation discusses Evraz's leadership in the Russian market, growth opportunities there, and an outlook for accelerated growth in 2007.
EVRAZ GROUP S.A. reported preliminary results for fiscal year 2006 with several highlights:
- Revenue increased 27% to $8.3 billion while net profit increased 51% to $1.4 billion.
- Steel sales volumes grew 25% to 16 million tonnes due to organic growth and acquisitions. Crude steel production increased 16% to 16.1 million tonnes.
- The company successfully implemented a $660 million capital investment program and acquired new mining assets including a large iron ore deposit.
- Acquisitions included stakes in vanadium and mining companies to strengthen vertical integration.
- Strong cash flow from operations of $2.1 billion supported growth investments and
The document summarizes the proposed transaction between MMX and SK Networks. Key points include:
- SK Networks will invest up to $2.2 billion in MMX through a capital increase in exchange for shares and rights to iron ore offtake.
- MMX will acquire Sudeste Superport, valued at $2.2 billion, through a combination of shares, cash, and royalties.
- SK Networks will receive 50% of production from MMX Chile mines and a percentage of MMX Sudeste production, securing them long-term supply.
The transaction aims to accelerate MMX's consolidation strategy and secure logistics and offtake for both companies.
The document is a report from Oz Metals summarizing base and precious metal market fundamentals and company news. It discusses an expected intensification of the zinc market deficit in 2015 according to Glencore's annual report. It also provides updates on various mining company deals, operations, and commodity prices. Charts of company share prices and financial data are included.
Morgan stanley basic materials conference — new yorkevraz_company
Morgan Stanley held a basic materials conference in New York in February 2007 to discuss steel and mining companies. Evraz Group SA, a vertically integrated steel and mining company, presented on its operations and strategic goals to become one of the top 5 most profitable steelmakers globally through leadership in key markets and self-sufficiency in raw materials. Evraz saw strong growth in 2006 through rising steel demand and strategic acquisitions.
This document provides a summary of Vale's performance in 4Q12 and 2012. Some key points include:
- Iron ore production reached a record high of 85.5 Mt in 4Q12, driven by the ramp up of new projects.
- Overall revenues declined due to lower metals prices, but operational margins remained strong at 31.5% in 2012.
- New growth projects like Salobo, Lubambe, and Voisey's Bay nickel are ramping up as planned and expected to be significant value creators.
- Safety and sustainability remain top priorities, with injury rates continuing to decline.
- The company is focused on capital discipline and unlocking value from its existing low
On February 12, 2013, the Canada Mining Innovation Council held its 2nd Annual Signature Event, a mining conference bringing representatives from industry, government, academia, and other sectors together in Toronto to discuss the role of innovation in the industry's future. Gary Merasty, the VP of Corporate Social Responsibility at Cameco Corporation, presented the role of business in building and engaging communities.
Alamos Gold Inc. is a gold mining company focused on organic growth and low-cost production. It currently operates the Mulatos gold mine in Mexico, which has seen record production and financial performance in recent years. The company aims to double its gold production to over 300,000 ounces per year by 2012 through continued improvements at Mulatos, including processing high-grade ore through a new mill. Alamos also plans to grow its reserves and resources through ongoing exploration drilling at Mulatos and advancing new projects in its pipeline towards production.
Gold Investment Symposium 2012 - Jake Klein - Evolution MiningSymposium
The document discusses the revitalisation of the Australian gold industry. It notes that gold prices remain high in a continuing gold bull market, while central banks and gold ETFs continue significant gold purchases. However, gold shares have underperformed the rising gold price due to issues such as resource nationalism, cost blowouts, and failures to meet production guidance. The mid-tier Australian gold producer Evolution Mining is presented as well positioned due to its multiple assets, growth profile, and strong financial performance following its formation through a merger.
The document provides MMX's 2011 results. It highlights that MMX achieved record annual net revenues and EBITDA in 2011. Net revenues increased 43% to R$1 billion while adjusted EBITDA grew 33% to R$239.6 million. Sales volume also increased 8% to 7.7 million tons. The document also provides details on MMX's debt profile, gross margin, Sudeste Superport expansion project, and equipment.
The document discusses the Rosemont copper mine project located in Arizona. Key points include:
- Rosemont has proven and probable reserves of over 546 million tons containing 0.45% copper.
- Measured and indicated resources total over 665 million tons containing over 5.2 billion pounds of copper.
- The mine is expected to produce over 220 million pounds of copper annually over a mine life of over 21 years.
- With an after-tax NPV of $3.3 billion and low costs of $0.62 per pound of copper, Rosemont is expected to be a very profitable project for Augusta Resource Corporation.
Fortuna Silver Mines Inc. is a silver mining company with operations in Peru and Mexico. The presentation provides an overview of Fortuna's two core operating assets: the San Jose Mine in Mexico and the Caylloma Mine in Peru. It also summarizes the company's financial performance, growth strategy, and extensive land holdings for exploration.
- The company achieved or surpassed all 2010 guidance and projections. Net income was $0.7926 per share and $1.8252 per ADS.
- 97 commercial aircraft orders were placed and 101 deliveries were made. The company's customer base expanded to 58 customers in 39 countries.
- In executive jets, the company delivered 145 jets and achieved a 19% market share. A landmark order was received from NetJets.
- The KC-390 military aircraft received Letters of Intent from 6 countries for up to 60 aircraft. The Super Tucano was sold to Indonesia.
- The company was selected as one of the best companies to work for in Brazil for the second consecutive year. It was
Vms nan combo for astrologers fund feb 2013VMS Ventures
The document discusses VMS Ventures Inc., a mineral exploration company focused on discovering copper and nickel deposits in Manitoba, Canada and Greenland. It provides an overview of VMS's key projects including the Reed Copper Deposit in Manitoba, which is in a joint venture with Hudbay Minerals and expected to begin production in late 2013. It also discusses VMS's 100% owned exploration properties in Manitoba and North American Nickel's Maniitsoq nickel project in Greenland, which has returned high-grade drill results. Milestones and exploration plans for 2013 are outlined.
Copper prices have plummeted over the past week due to slowing economic growth in China and fears over the Chinese credit situation. Copper inventories have risen on the Shanghai exchange but fallen on the LME and COMEX, decreasing global stockpiles. European manufacturers are in a favorable position due to the copper price drop and a stronger euro. Chinese funds have been betting against copper due to concerns over Chinese demand and credit issues potentially unwinding financing deals.
This document discusses building a tier 1 mineral sands company. It describes World Titanium Resources' plans to list on the ASX and develop a tier 1 heavy mineral sands project in Australia. The project is expected to have low capital and operating costs, produce ilmenite and zircon/rutile concentrates, and generate robust financial returns. The company aims to begin production in 2014. There is potential for the company's market capitalization and valuation to significantly increase as it advances the project, expands resources, achieves permitting and production.
- Primero focused on growing production in 2011, targeting a 15% increase over 2010 levels to 110,000-120,000 gold equivalent ounces.
- Development and exploration at the San Dimas mine will be increased significantly to expand reserves and resources, particularly in the high-grade Sinaloa Graben area.
- Optimization efforts include increasing mine development, operating the mill at full capacity, and expanding the mill to allow for higher throughput by 2013.
The document provides an economic assessment of the impact of Mongolia's proposed new mineral law. It discusses:
1. The role of mining in Mongolia's economy and its contributions to GDP, exports, investment, and government revenue.
2. The proposed new mineral law and the methodology used for the economic analysis.
3. The implications of the proposed law on Mongolia's economy based on modeling insights.
4. Conclusions from the analysis of the economic impact of the proposed new mineral law.
This document discusses building a tier 1 mineral sands company through the merger of World Titanium Resources and Bondi Resources. Key points include:
1) The merger would create a larger company with increased market capitalization potential to be valued more in line with listed peers on a per tonne of heavy minerals basis.
2) The company's flagship project has the potential to be a long-life, low-cost, and scalable tier 1 mineral sands operation through a simple development concept and robust economics such as a 45% IRR.
3) Initial production of 400ktpa ilmenite and 40ktpa zircon/rutile concentrates is planned for 2014,
Cambridge House Vancouver Resource Investment ConferenceVMS Ventures
The document discusses VMS Ventures Inc., a mineral exploration company focused on discovering copper and nickel deposits in Manitoba, Canada and Greenland. Key points include:
- VMS has a 30% stake in the high-grade Reed Copper deposit in Manitoba, which is undergoing underground development with production expected to begin in late 2013.
- The company has over $10 million in cash and a large land package in Manitoba that will see a $1.2 million drill program in 2013.
- VMS also owns 21 million shares of North American Nickel, which has a large property in Greenland prospective for nickel deposits. Historic drilling at the property has intersected high nickel grades over long intervals.
Minera Andes owns the San Jose silver and gold mine in Argentina which produced over 5 million ounces of silver and 84,000 ounces of gold in 2010. Exploration continues to expand resources at San Jose which now has an estimated 12 year mine life. Minera Andes also owns the large undeveloped Los Azules copper project in Argentina which contains over 18% of the world's copper resources. Drilling and feasibility studies are ongoing to advance Los Azules with the goal of developing a 100,000 ton per day copper mine.
The document provides forward-looking projections and statements about the company's future financial performance, noting that actual results could differ from expectations. It highlights the company's financial results for the second quarter of 2010, including net revenues of $1.35 billion and an EBIT margin of 9.3%. The document also discusses the company's order backlog, deliveries, and positive signs for the commercial aviation business.
Evraz Group S.A. held a conference in Moscow on June 19, 2007 to discuss its performance in 2006 and outlook. The document provides an overview of Evraz's vertically integrated steel and mining business, its key 2006 achievements including revenue growth and increased sales volumes, and its strategic focus on advancing in long products and expanding internationally. Financial highlights show revenue increased 27% to $8.3 billion in 2006 with an EBITDA margin of 32% and net profit up 51%. The presentation discusses Evraz's leadership in the Russian market, growth opportunities there, and an outlook for accelerated growth in 2007.
EVRAZ GROUP S.A. reported preliminary results for fiscal year 2006 with several highlights:
- Revenue increased 27% to $8.3 billion while net profit increased 51% to $1.4 billion.
- Steel sales volumes grew 25% to 16 million tonnes due to organic growth and acquisitions. Crude steel production increased 16% to 16.1 million tonnes.
- The company successfully implemented a $660 million capital investment program and acquired new mining assets including a large iron ore deposit.
- Acquisitions included stakes in vanadium and mining companies to strengthen vertical integration.
- Strong cash flow from operations of $2.1 billion supported growth investments and
The document provides preliminary financial results for EVRAZ Group for fiscal year 2006. It discusses record revenues of $12.8 billion, up 54% from 2006, driven by acquisitions and favorable pricing. Net income was $2.1 billion, with an EBITDA margin of 33%. Cash flow from operations was strong at $3 billion. The results demonstrate success in advancing the company's strategy of growth in international markets and optimization of costs and vertical integration.
Morgan stanley emea conference — londonevraz_company
Morgan Stanley held its first annual EMEA conference on October 18, 2006 in London. The document discusses Evraz Group, a vertically integrated steel and mining company. It highlights Evraz's production levels, financial performance in 1H06, goals of being a top 5 global steelmaker, and strategies around cost management. Evraz aims to strengthen its market position through leadership in CIS construction/rail markets and self-sufficiency in raw 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 $
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.
Evraz presented its investor presentation for June 2010. Some key points include:
- Evraz is a leading global steel and mining company with operations across Russia, Europe, North America and Asia.
- In the first quarter of 2010, Evraz saw increases in revenue, EBITDA, sales volumes and production compared to the prior year period.
- Evraz maintains a strong balance sheet with manageable debt maturity profile and adequate cash balances. The company focuses on cost leadership through vertical integration and efficiency.
Ural sib russia emerging opportunities & outlook conferenceevraz_company
Evraz Group S.A. held a conference on September 2, 2007 to discuss opportunities and outlook in Russia. The document provides an overview of Evraz highlighting its vertically integrated steel and mining business, 2006 strategic deliverables including expanding international presence and completing vertical integration, leveraging sales growth and optimizing product mix. Segment performance and key acquisitions including Oregon Steel Mills and Highveld Steel and Vanadium Corporation are summarized. The document is intended for relevant parties and contains forward-looking statements and disclaimer.
Credit suisse global steel & mining conference, 22 23 сентября 2010evraz_company
1) Evraz reported a 38% increase in revenue and a 147% increase in adjusted EBITDA for the first half of 2010 compared to the same period in 2009, driven by higher sales volumes and prices.
2) Cost of revenue increased 23% due to higher prices for raw materials like scrap, coking coal, and iron ore, though Evraz's vertical integration helped offset costs.
3) Evraz refinanced some short-term debt and issued bonds to improve its debt maturity profile, reducing short-term debt from 46% to 22% of total debt.
Deutsche bank mining and metals conferenceevraz_company
EVRAZ Group S.A. reported preliminary results for the first half of 2007, with revenues increasing 57% to $6.023 billion compared to the first half of 2006. EBITDA grew 87% to $2.05 billion for the period, with the net profit increasing 98% to $1.126 billion. The results were driven by strong steel demand and prices in Russia as well as contributions from recent acquisitions. Steel sales volumes were flat while average steel prices increased 51% compared to the prior year period. The mining segment also saw a 157% increase in EBITDA due to higher iron ore and metallurgical coal prices.
ежегодная конференция Bcp securities для инвесторов москва, 100609evraz_company
Evraz Group is a leading global steel and mining company. In 2008, the company expanded its presence in international markets through acquisitions and organic growth. While revenue increased 58% due to strategic acquisitions and pricing trends, net profit declined 11% due to extraordinary charges. Looking ahead, Evraz aims to enhance its leadership position and cost advantage through further vertical integration and cost reduction initiatives.
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.
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.
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.
Merrill lynch russia metals & mining investor fieldtrip 310709evraz_company
Evraz Group presented its business highlights for 2008 and the first half of 2009. Key points include:
1) In 2008, Evraz expanded its presence in international flat and tubular markets through strategic acquisitions in North America, grew its vanadium segment revenues and EBITDA, and enhanced its cost leadership position.
2) For H1 2009, Evraz reduced its debt by $1.5 billion from year-end 2008 levels and raised $965 million through a concurrent equity and convertible bond offering in July 2009.
3) Evraz has implemented extensive cost reduction programs and optimised capital expenditures to maintain production through 2009-2010 at lower costs despite difficult market conditions. Capacity utilization
This document provides an agenda and overview of a presentation by ThyssenKrupp to Morgan Stanley. The presentation discusses ThyssenKrupp's group overview and strategy, with a focus on its steel and stainless steel businesses. It highlights ThyssenKrupp's track record of increasing profits, earnings per share, dividends and returns over several years. The presentation also outlines ThyssenKrupp's management approach of focusing on value-based management, product innovation, efficiency, customer orientation and portfolio optimization to achieve industrial leadership positions.
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.
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.
- Wesdome Gold Mines is a Canadian gold mining company operating the Eagle River mine in Wawa, Ontario and the Kiena Mine Complex in Val d'Or, Quebec.
- In 2009, Wesdome achieved record production of 96,152 ounces of gold, revenues of $103.5 million, earnings of $32.2 million, and cash flow from operations of $41.3 million.
- Key drivers of the improved financial performance were increased gold sales and higher gold prices realized compared to 2008, along with stabilized operating costs.
- 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
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.
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.
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.
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
2. Disclaimer
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 the 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 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 intend or have 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.
2
3. Evraz Highlights
n Vertically integrated steel and mining business, among the 15 largest
steel producers in the world
n 2005 Production of 13.9 million tonnes of crude steel and 12.1 million
tonnes of rolled products
n 1H06 Revenue grew 5.3% to $3,825 mln reflecting 23% increase in
sales volumes to 8.3 million tonnes
n 1H06 EBITDA flat at $1.1 bn, EBITDA margin remains strong at 29%
n Leader in Russian long products market with 30-100% market share
n High level of vertical integration and self-sufficiency in iron ore and
coal
n One of the lowest cost producers of steel in Russia and CIS with mines
located close to steel production sites
n Strong commitment to high standards of corporate governance
3
4. EVRAZ GROUP’S MAIN LOCATIONS
KGOK VGOK Raspadskaya
YKU Neryungriugol
Moscow Mine 12
Luxembourg NTMK NKMK EvrazRuda
ZapSib
Vitkovice Steel
Nakhodka
Sea Port
Palini e Bertoli
Stratcor
Steel mills
Iron ore mining
Coal mining
Sea ports
Vanadium
Export countries
Stratcor Highveld (24.9%)
4
5. VISION AND STRATEGIC GOALS
Our Vision is to be a world class steel and mining company
and one of the Top 5 most profitable steelmakers globally by
ROCE and EBITDA margin through:
n Leadership in CIS construction and railway steel product
markets
n Strengthened positions in global flat product markets
n Lowest costs secured by superior efficiency and 100% self-
sufficiency in raw materials
n Growing vanadium business
5
6. 1H 2006 HIGHLIGHTS
n Revenue grew 5.3% to $3,825 mln backed by sales volumes
increase of 23%
n 23% growth in Russian construction products sales volumes
n Favourable domestic steel pricing environment
n 5.0x increase in non-Russian sales to mature European and US markets to $714 mln
n EBITDA flat at $1.1 bn, EBITDA margin remains strong at 29%
n Consolidated cash cost per tonne increased by 6.8% to $235
n $262 mln capital investment to improve efficiency
n Continued focus on developing mining segment with additional
$225 mln investments in OAO Raspadskaya
6
7. 1H 2006 SUMMARY PERFORMANCE
Volumes (‘000 tonnes) 8,300 +23%
Revenue ($ mln) 3,825 +5%
EBITDA ($ mln) 1,096 (2)%
Net Profit* ($ mln) 571 (7)%
*Net profit attributable to equity holders of Evraz Group S.A.
7
8. 1H 2006 RESULTS OVERVIEW
$ mln unless
otherwise stated 1H 2006 1H 2005 Change,%
Revenue 3,825 3,632 5.3%
Cost of revenue (2,520) (2,251) 11.9%
SG&A (339) (334) 1.5%
EBITDA* 1,096 1,119 (2)%
EBITDA margin 28.7% 30.8%
Net Profit** 571 612 (6.7)%
Net Profit margin 14.9% 16.9%
EPS (USD per GDR) 1.63 1.88 (13.8)%
Sales volumes***
(‘000 tonnes) 8,300 6,750 23%
*EBITDA represents profit from operations plus depreciation and amortisation, impairment of assets and loss (gain) on disposal of PP&E
** Net profit attributable to equity holders of Evraz Group S.A. *** Steel Segment sales volumes
8
9. CASH FLOW GENERATION
n Record net cash flow from operating activities of $904 mln
n Strong conversion of EBITDA to Net Operating Cash Flow at 82.4%
n Cash balance, including $287 mln in short-term deposits, grew 17%
to $769 mln
1H 2006 Cash Flow
1800
$ mln Short-term
1600 103 deposits
190 at banks
1400
611
1200
1000
800 769
657 772
16 287
600
264
400 45 18
641
482
200
0
C ash at Net Profit Adj. to C hanges in C F used in Short-term C F from Effect of C ash at end
beginning of reconcile WC investing deposits at financing exchange of period
period OpC F before activities banks activities rate changes
WC
9
10. STRONG BALANCE SHEET
n Total Debt-to-EBITDA remains comfortably within stated target of 1.5x,
while Net Debt1/EBITDA equals 1.0x
n Current credit ratings: BB by Fitch; Ba3 by Moody’s; BB-/Stable Outlook
by S&P
n Well-capitalised balance sheet to fund future growth
Net Debt-to-EBITDA Ratio Total Assets
3,000 1.2 8,000 80%
1.0 $ mln
$ mln 7,000 67% 70%
2,500 0.9 1
7,317
2,652 6,000 60%
2,394
6,663
2,000 0.8
5,000 50%
1,883
0.5 4,000 40%
1,500 1,736 0.6
4,253
1,374 3,000 27% 30%
1,000 0.4
1,094
2,000 20% 20%
500 0.2
1,000 10%
0 0 0 0%
2 2004 2005 LTM 2
2004 2005 LT M
3
1 Total Assets ROCE
Total Debt Net Debt Net Debt/EBITDA
1Net debt equals total debt less cash & cash equivalents and short-term bank deposits
2Evraz have not prepared audited or reviewed financial statements for the 12 month period ended 30 June 2006. Financial indicators presented under LTM (last twelve months)
are calculated as a sum of 1H06 financial results and FY05 less 1H05 financial results
3ROCE represents profit from operations plus profit from equity investments less income tax over total equity plus interest bearing loans and lease average for the period 10
11. BALANCE SHEET HIGHLIGHTS
30 June 31 December
$ millions 2006 2005
Total non-current assets 4,635 4,019
Incl. PP&E 3,278 2,960
Total current assets 2,682 2,644
Incl. Cash & cash equivalents 482 641
Total assets 7,317 6,663
Total non-current liabilities 2,102 1,870
Incl. LT loans 1,742 1,515
Total current liabilities 1,625 1,896
Incl. ST loans & current portion of LT loans 860 835
Equity 3,373 2,707
Total equity and liabilities 7,317 6,663
11
12. EBITDA
n EBITDA margin remains strong at 29% Steel Segment EBITDA
fuelled by steel segment performance $ mln
+12.1% 957
n Steel segment EBITDA growth driven by 854
volume increase and cost management
n Mining segment EBITDA slipped on the back
of softer pricing in the Russian market
1H05 1H06
Consolidated EBITDA Mining Segment EBITDA
$ mln 11 10
$ mln
99 (10) (3)
241
137
1,096
(47.4)%
611
253
133
Ne t Profit DD&A Inc ome t ax Net int erest Profit s from Loss on Impairment of Ot her non- EBIT DA 1H05 1H06
expense expense assoc iat es d isposal of asset s operat ing
PPE inc ome
12
13. STEEL SEGMENT
n Consolidated steel products sales volume up 23% to 8.3 mln tonnes
n Excellent performance of the Russian construction market (+23%)
n Sales into attractive European and US markets increased by a factor of 5
Steel Segment Sales by Regions Prices for Main Steel Products
$/tonne
North and
South CIS
3% 600
America
Russia Non-Russia
3%
500
Europe
16%
400
1H04
2H04
300 1H05
Russia 2H05
50% 1H06
200
100
Asia
28%
0
Rebars Sections Rails Billets Slabs
13
14. STEEL SALES BY PRODUCT
n 21% increase in semi-finished sales volumes driven by organic growth and
world steel market demand
n Strong plates sales growth due to acquisitions of premium Vitkovice Steel and
Palini e Bertoli plate mills
(in volume terms)
Products (‘000 tonnes) 1H 2006 1H 2005 %
Semi-finished 4,164 3,443 21%
Construction 2,197 2,106 4%
Plates 830 194 328%
Railway 789 828 (5)%
Mining 139 123 13%
Other* 181 56 223%
Total 8,300 6,750 23%
*Includes rounds, cut shapes, strips and other products
14
15. RUSSIAN AND CIS MARKETS
n Russia remains key market contributing 50% to total steel segment revenue
n Total sales volumes increased by 13.8% to 3.65 million tonnes
n Favourable pricing environment set to continue in 2H 2006 and beyond
Sales Mix Average Market Prices
‘000 tonnes $/tonne
950
714
+20%
597 800
-1% 871
879 650
+8% 541
499 500
+18%
784
663 350
+30%
573 744
200
1H05 1H06 Aug- Nov- Feb- May- Aug- Nov- Feb- May- Aug- Nov- Feb- May-
03 03 04 04 04 04 05 05 05 05 06 06
Rebars Sections Rails Other finished Semis
H-beams (50B) Channels Angles Rebars
Source: Metall Courier
15
16. WELL-POSITIONED
IN DOMESTIC MARKET
n Construction growth in Russia and Russian market share by volume, 2005
CIS continues to outperform GDP 100% 100%
84%
n Russian and CIS steel consumption 80% #1
#1
remains below global benchmarks 60%
49%
n Enhanced leadership position in the 40% #1
30% 28%
rapidly growing construction market 20% #1
#2
with estimated market share of 38% 0%
Rails H-beams Chanels Rebars Rail-wheels
Construction Output Forecast
Steel Consumption Growth Structure
to Exceed GDP Growth
400
39,9
2002 =100% 100% 37,3
350 35,1
33,4 18%
GDP 80 30,5 31,6
300 Construction: Pipes
Rebar consumption 21%
250 60 43%
200 40
42% Long Products
150 39%
20
38% Flat Products
100
0
2002
2008
2009
2004
2006
2010
2003
2005
2007
2005 2006 2007 2008 2009 2010
Source: Evraz, EIU, Chermet, Metall Expert
16
17. NON-RUSSIAN SALES
n Steel sales volumes increased by 31.8% to 4.65 million tonnes
n Continued diversification of sales in favour of European and US markets
n Construction steel export volumes shifted to attractive Russian market
n Strong price recovery in 2Q 2006
Non-Russian Sales Product Mix Non-Russian Prices for Slabs & Billets
‘000 tonnes 600 $/tonne
110
669 500
42 416
71 -28% 400
580 617
62%
380 300
1,342
27%
1,053 200
6%
1,491
100
1,412
0
1H05 1H06 Aug-03 Dec-03 Apr-04 Aug-04 Dec-04 Apr-05 Aug-05 Dec-05 Apr-06
Billets Slabs Other semis
Billet (FOB, Far East) Slab (FOB, Far East)
Construction Plates Other finished
Source: SBB
17
18. EUROPEAN ASSETS
n European assets (Vitkovice Steel and Palini e Bertoli) successfully
integrated and contributed $454 mln to consolidated revenue
n Production volumes increased by 25% in 1H 2006
European Assets Revenues and Costs European Assets Production Growth
$ mln ‘000 tonnes
+14%
455
132
399
96 +57%
322
212
228
135
Revenue Costs Vitkovice Steel Palini e Bertoli
Vitkovice Steel Palini e Bertoli
1H05* 1H06
* 1H05 not included in Evraz Group S.A. consolidated Financial Statement
18
19. Attractive Plate/Slab Margin
n Semis export markets remain volatile
n Flat product market presence provides exposure to the benefits and a
possible platform for regional consolidation process
Prices for Flat products and Semis in Europe
US$
1000
800
600
400
200
0
3
4
5
6
03
Ja 3
04
04
05
05
06
03
04
05
06
03
03
M 4
04
05
05
06
06
l0
l0
l0
l0
0
0
ay
ay
ay
ay
p
p
p
p
ov
ov
ov
ar
ar
ar
ar
n
Ju
n
Ju
n
Ju
n
Ju
Ja
Ja
Ja
Se
Se
Se
Se
M
M
M
M
M
M
M
N
N
N
EU export fob plate Black Sea slab
Source: SBB 06
19
20. MINING SEGMENT
n Mining segment revenues decreased by 19.2% to $480 mln
n Iron ore sales volumes flat at 8.4 mln tonnes
n Decline in average prices of iron ore and coal
n Iron ore self-sufficiency remains strong at 78%
Mining Segment Performance Iron Ore Production
$ mln ‘000 tonnes
1,397 1,18 1
594
2,898 2,79 4
480
253 4,41 8
4,198
41 133 10
1H05 1H06
1H05 1H06 Kachkanarsky GOK Evraz ruda Vysoko gorsky GOK
Revenues EBITDA Profit from assoc iates
20
21. EXPANDING INTEREST IN COAL
n Evraz owns 49% beneficial interest in OAO Raspadskaya, the second-largest coking coal
company in Russia
n In June 2006, OAO Raspadskaya completed acquisition of two mining assets:
Mezhdurechenskaya Coal Company-96 and Razrez Raspadsky with fair value of $769 mln
n Evraz provided $225 mln in cash plus $300 mln in short-term financial guarantees for
OAO Raspadskaya
Proved and Probable Reserves Target Output
mln tonnes mln tonnes
20
16
CAGR = 12%
6.0
M UK-96 and 12
Razre z
304 Old 8 3.3
Raspadskaya 11.0
478 4
6.4
0
2005 2010
Raspadskaya MUK-96 & Raz rez
Source: IMC Reserve Audit Report 2006 Source: OAO Raspadskaya
21
22. NATURE OF VANADIUM MARKET
n Best strength to weight ratio of common engineering materials
n With 0.1% addition of vanadium in structured steel, strength can be increased by 10 to 20%;
structures’ weight can be reduced by 15 to 25%
n Steel industry (90%)
n High strength low alloy (HSLA) Steels
World Vanadium Market
n Full Alloy Steels
n Tool Steels / Stainless Steel Chemicals,
3%
n Carbon Steels Alloys, 7%
Sheet,
n Airspace industry (7%) Bars, 9% 27%
n Titanium alloys for jet engine parts,
airframes, rockets, nuclear
n New alloys for modern aircrafts Sections,
and jets totals 20% of the weight 14%
(A380 and B787)
n Chemicals and Batteries (3%)
n Catalyst for sulphuric acid and plastics
n Dietary, glasses, pigments Plate, 40%
Source: CRU
22
23. GROWING VANADIUM BUSINESS
n 1H06 Vanadium slag sales totaled $83 mln
n In June Evraz acquired 24.9% in Highveld
n In August Evraz acquired 72.84% in Strategic Minerals Corporation
(Stratcor)
n Diversified processing base allows Evraz to capture more value from
vanadium slag
Vanadium consumption growth rate V as proportion of steel prices
m tonnes ‘000 tonnes
1550 80 80 20.0%
FeV, $/kg
Steel production
Vanadium consumption
1450
Steel production 70
Vanadium consumption 70
1350
15.0%
60
1250 60
50
1150
50 10.0%
1050 40
950 40
30
5.0%
850
30 20
750 * European hot rolled coil price
650 20 10 0.0%
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 1995 2004 2005 2006f
Cost of V ($/t steel) V as % of product value
Source: CRU, Evraz
23
24. COST STRUCTURE
n Cost of revenues up 11.9% to $2,520 mln as a result of higher steel sales
volumes, lower raw material prices and acquisitions impact
n Consolidation of volumes of European assets contributed $253 mln to cost
increase
n SG&A expenses remain flat due to strict cost management
n Risk of further cost increase concentrated in energy and labour expenses
Steel Segment Costs Mining Segment Costs
Depreciation SG&A
Energy
3% 11% Raw mate rials
7%
Staff 20%
8% Othe r
18%
Other
8%
Raw materials
54% Staff
SG&A 20%
10%
Ene rgy
Transport 24% Depre ciation
10% 7%
24
25. COST MANAGEMENT
n Consolidated cash cost per tonne increased by 6.8% to $235 t reflecting
mainly impact of European mills consolidation
n Benefits from integration in mining and vanadium slag sales were lower due
to softer raw materials pricing
n Transportation, staff and energy costs per tonne remain flat
Consolidated Costs Steel Cost Items
$/tonne 1) $/tonne 36.6 36.1
283
261 1)
43 16
10 28.0 26.9
20 24.9
24.4
220 235
1H05 1H06 Transportation Staff Energy
Benefit from integrat ion into mining 4)
1H05 1H06
Benefit from vanadium slag sales 3)
Consolidated steel produc ts cost per t onne 2)
1) Steel segment cost per tonne estimated as (Revenue from steel products only – (Steel segment EBITDA - Vanadium slag sales) - Transport expense in Steel segment COS (export) -
Steel segment Selling and Distribution costs) / Total steel products shipments
2) Consolidated steel products cost per tonne estimated as steel segment cost per tonne less benefits from vanadium slag sales and integration into mining
3) Estimated as vanadium slag sales over total steel products shipments
4) Estimated as (Mining segment EBITDA + Profit from associates (coal assets)) / Total steel products shipments
25
26. CAPEX
n Key focus on efficiency improvement at the front end of steel production
n Implementation of major projects on track
n Capital spending of $262 mln in 1H06 vs. $280 mln in 1H05
n FY2006 capex annual budget estimated at $550 mln
Project Status
Revamp of BF5 at NTMK Complete
Revamp of CB5 at NTMK Complete
Reconstruction of converter shop at NTMK On-going
Revamp of EAF at NKMK On-going
Revamp of BF3 at ZapSib On-going
Installation of ISSM at Vitkovice Steel On-going
26
27. 9 MONTHS 2006 TRADING UPDATE
Pig Iron, ‘000 tonnes Rolled Products, ‘000 tonnes Steel, ‘000 tonnes
+22.3% 12,013
10,847 +17.6%
10,213
PeB+VS 992 4,013
9,669 8,868
987 organic
8,498 +13.8% 3,721 3,205
2,865
3Q
3, 288
2, 546 3Q 1H
1H
9M 2005 9M 2006 9M 2005 9M 2006 9M 2005 9M 2006
IRON ORE ‘000 tonnes COAL, ‘000 tonnes
(6.4)%
1 2 ,3 5 4
1 1 ,5 6 2
12,612 12,715
3,932 4,378 +30.8%
9M05
6,2 10
3Q 9M06
1H 4,7 47
+65.2%
38 5 63 6
9M 2005 9M 2006
Mine 12 Raspadskaya Y uzhkuzbassugol
* Mine 12 operational results are consolidated into the Group since April 2005.
Operational results of Yuzhkuzbassugol are consolidated into the Group since December 31, 2005.
27