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 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 paper to be published as the lead article in the Metals & Minerals Review – Ferroalloy Special – January 2013 issue makes a case that while there are many positives for the ferroalloy industry in India, viz. scalability, location near high growth markets, cost advantages of labour, technical manpower domestically available ore and reducing price of reductant blend; the growth in ferroalloy production is stymied by inadequate infrastructure, rising cost & availability issues in thermal coal, fear of getting saddled with old technology, and lack of capital.
The global slowing of demand for ferroalloys, the re-emergence of China as a major exporter and the threat of imports are other factors that the Indian ferroalloy industry would need to tackle.
Therefore it is very difficult to predict if the ferroalloy industry in India can repeat the spectacular double digit growth of the last five years. The only certainty is of ferroalloy prices; which have been volatile and unpredictable in the past – they will remain volatile and unpredictable in the future: some things will never change!!
Comprehensive and up to date presentation on the importance of ferrous scrap in the world steel market. Includes the role that Turkey plays in this market and the future of scrap in derivatives.
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.
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.
The document discusses ferrous scrap markets. It defines ferrous scrap as steel that can be recycled, including prime scrap from manufacturing and obsolete scrap from discarded structures. Scrap is a important raw material for electric arc furnaces, comprising up to 100% of their feedstock. Turkey is the world's largest importer of scrap and its scrap price serves as an important regional marker. Global scrap trade is over 120 million tonnes annually and is expected to tighten further as more countries expand electric arc furnace production. Volatility in scrap prices poses challenges for steel producers and consumers.
The Indian iron and steel industry has grown significantly since liberalization in the early 1990s. Production has doubled over the last decade and a half and India is now the 5th largest steel producer in the world. Consumption has also increased rapidly, driven by growth in infrastructure, real estate, and automobiles. The industry is dominated by large integrated steel producers but also includes many smaller secondary steel producers. The government has pursued policies to promote investment and growth in the industry through deregulation, allowing private and foreign investment, and improving infrastructure. The industry is poised for further expansion to meet growing domestic and international demand.
This document is a 2009 market research report on China's lead-zinc industry published by 168Report. It provides an overview of China's lead and zinc production, consumption, imports/exports, and prices in 2009. It also analyzes the operations and lead/zinc businesses of major Chinese producers such as Henan Yuguang Gold & Lead Group and Huludao Zinc Industry. The report aims to examine the development, opportunities, and challenges facing China's lead-zinc industry.
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 paper to be published as the lead article in the Metals & Minerals Review – Ferroalloy Special – January 2013 issue makes a case that while there are many positives for the ferroalloy industry in India, viz. scalability, location near high growth markets, cost advantages of labour, technical manpower domestically available ore and reducing price of reductant blend; the growth in ferroalloy production is stymied by inadequate infrastructure, rising cost & availability issues in thermal coal, fear of getting saddled with old technology, and lack of capital.
The global slowing of demand for ferroalloys, the re-emergence of China as a major exporter and the threat of imports are other factors that the Indian ferroalloy industry would need to tackle.
Therefore it is very difficult to predict if the ferroalloy industry in India can repeat the spectacular double digit growth of the last five years. The only certainty is of ferroalloy prices; which have been volatile and unpredictable in the past – they will remain volatile and unpredictable in the future: some things will never change!!
Comprehensive and up to date presentation on the importance of ferrous scrap in the world steel market. Includes the role that Turkey plays in this market and the future of scrap in derivatives.
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.
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.
The document discusses ferrous scrap markets. It defines ferrous scrap as steel that can be recycled, including prime scrap from manufacturing and obsolete scrap from discarded structures. Scrap is a important raw material for electric arc furnaces, comprising up to 100% of their feedstock. Turkey is the world's largest importer of scrap and its scrap price serves as an important regional marker. Global scrap trade is over 120 million tonnes annually and is expected to tighten further as more countries expand electric arc furnace production. Volatility in scrap prices poses challenges for steel producers and consumers.
The Indian iron and steel industry has grown significantly since liberalization in the early 1990s. Production has doubled over the last decade and a half and India is now the 5th largest steel producer in the world. Consumption has also increased rapidly, driven by growth in infrastructure, real estate, and automobiles. The industry is dominated by large integrated steel producers but also includes many smaller secondary steel producers. The government has pursued policies to promote investment and growth in the industry through deregulation, allowing private and foreign investment, and improving infrastructure. The industry is poised for further expansion to meet growing domestic and international demand.
This document is a 2009 market research report on China's lead-zinc industry published by 168Report. It provides an overview of China's lead and zinc production, consumption, imports/exports, and prices in 2009. It also analyzes the operations and lead/zinc businesses of major Chinese producers such as Henan Yuguang Gold & Lead Group and Huludao Zinc Industry. The report aims to examine the development, opportunities, and challenges facing China's lead-zinc industry.
The document discusses the ferrous scrap market. It defines ferrous scrap as steel that can be recycled, and describes its sources such as construction demolition and ship breaking. Scrap affects the costs of steel mills, especially electric arc furnaces that can use 80-100% scrap. It also impacts finished steel product prices like rebar and merchant bars. The price of imported Turkish scrap specifically influences markets in Europe.
J. P. Morgan Basics & Industrials Conferencefinance15
The document provides an overview of United States Steel Corporation. It discusses USS's position as the 5th largest global steel producer and 2nd largest producer in North America. It also summarizes USS's raw material integration, segments (flat-rolled, tubular, European), recent acquisition of Stelco, and outlook on the steel industry and capital allocation. The presentation aims to show how USS is growing responsibly while generating returns and meeting financial obligations.
The document summarizes United States Steel Corporation's operations and outlook. It discusses the company's position as the 5th largest global steel producer and 2nd largest producer in North America. It also outlines U.S. Steel's segments including flat-rolled steel, U.S. Steel Canada, European operations, and tubular products. Finally, it expresses optimism about the outlook for North American integrated steel producers.
KeyBanc Capital Markets Basic Materials and Packaging Conferencefinance15
This document provides an overview and summary of United States Steel Corporation's operations presented at a conference in September 2008. It discusses USSC's goal of growing responsibly while generating returns. It summarizes USSC's production capabilities, acquisition of Stelco, synergies from the Stelco acquisition, overview of its flat-rolled, European, tubular, and Canadian segments. It also discusses industry trends, the improving steel industry outlook, and being bullish on North America.
100 years of Stainless Steel : Chrome ore & Ferro Chrome PerspectivesPRABHASH GOKARN
The document discusses trends in the chrome ore and ferrochrome industry. It notes that 94% of chrome is used for metallurgical applications like producing stainless steel. It then summarizes the history of chrome discovery and use in stainless steel. Finally, it outlines trends like China's growing production share, increasing non-nickel stainless steel usage, and countries pursuing greater self-sufficiency and integration in the chrome value chain.
The document provides an overview of India's iron and steel sector. It discusses the market size, key production processes including iron making and steel making, growth drivers for the sector, and recent policy support aiding growth. It also outlines some notable mergers and acquisitions deals from 2011 and provides contact information for several major companies operating in the Indian steel industry.
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.
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
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.
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
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, 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 $
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.
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.
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, январь 2011evraz_company
- Evraz is a world-class steel and mining company and one of the largest steel producers globally.
- In 1H2010, Evraz's revenue increased 38% compared to 1H2009 due to higher sales volumes and steel prices. EBITDA more than doubled.
- Higher iron ore, coal, and scrap prices increased steelmakers' costs in 1H2010, but Evraz significantly offset this through production efficiencies and cost control measures.
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,
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, 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.
Lehman brothers leaders in energy and commoditiesevraz_company
The document provides an overview of EVRAZ Group S.A., a leading global steel and mining company, and its preliminary results for fiscal year 2006. It includes information on EVRAZ's strategy to become one of the top five most profitable steelmakers globally. Key details include EVRAZ achieving EBITDA of $4.3 billion in 2007 and revenues of $12.8 billion for the year. The document also provides breakdowns of EVRAZ's revenues and steel sales volumes by region and product.
- Base metals prices were resilient in October and currently stand up from the start of that month, with the GFMS Base Metals Index averaging 262.8 in October, up 3% from September and 31% year-on-year.
- Aluminum production in China reached an all-time high in September while copper prices reached a cycle peak above $6,600/tonne in late October, supported by concerns over tight supply.
- Zinc prices outperformed other base metals, boosted by declining LME stocks and a mine suspension, while aluminum and tin underperformed due to high inventories and unwinding of long positions.
The document discusses the ferrous scrap market. It defines ferrous scrap as steel that can be recycled, and describes its sources such as construction demolition and ship breaking. Scrap affects the costs of steel mills, especially electric arc furnaces that can use 80-100% scrap. It also impacts finished steel product prices like rebar and merchant bars. The price of imported Turkish scrap specifically influences markets in Europe.
J. P. Morgan Basics & Industrials Conferencefinance15
The document provides an overview of United States Steel Corporation. It discusses USS's position as the 5th largest global steel producer and 2nd largest producer in North America. It also summarizes USS's raw material integration, segments (flat-rolled, tubular, European), recent acquisition of Stelco, and outlook on the steel industry and capital allocation. The presentation aims to show how USS is growing responsibly while generating returns and meeting financial obligations.
The document summarizes United States Steel Corporation's operations and outlook. It discusses the company's position as the 5th largest global steel producer and 2nd largest producer in North America. It also outlines U.S. Steel's segments including flat-rolled steel, U.S. Steel Canada, European operations, and tubular products. Finally, it expresses optimism about the outlook for North American integrated steel producers.
KeyBanc Capital Markets Basic Materials and Packaging Conferencefinance15
This document provides an overview and summary of United States Steel Corporation's operations presented at a conference in September 2008. It discusses USSC's goal of growing responsibly while generating returns. It summarizes USSC's production capabilities, acquisition of Stelco, synergies from the Stelco acquisition, overview of its flat-rolled, European, tubular, and Canadian segments. It also discusses industry trends, the improving steel industry outlook, and being bullish on North America.
100 years of Stainless Steel : Chrome ore & Ferro Chrome PerspectivesPRABHASH GOKARN
The document discusses trends in the chrome ore and ferrochrome industry. It notes that 94% of chrome is used for metallurgical applications like producing stainless steel. It then summarizes the history of chrome discovery and use in stainless steel. Finally, it outlines trends like China's growing production share, increasing non-nickel stainless steel usage, and countries pursuing greater self-sufficiency and integration in the chrome value chain.
The document provides an overview of India's iron and steel sector. It discusses the market size, key production processes including iron making and steel making, growth drivers for the sector, and recent policy support aiding growth. It also outlines some notable mergers and acquisitions deals from 2011 and provides contact information for several major companies operating in the Indian steel industry.
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.
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
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.
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
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, 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 $
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.
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.
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, январь 2011evraz_company
- Evraz is a world-class steel and mining company and one of the largest steel producers globally.
- In 1H2010, Evraz's revenue increased 38% compared to 1H2009 due to higher sales volumes and steel prices. EBITDA more than doubled.
- Higher iron ore, coal, and scrap prices increased steelmakers' costs in 1H2010, but Evraz significantly offset this through production efficiencies and cost control measures.
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,
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, 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.
Lehman brothers leaders in energy and commoditiesevraz_company
The document provides an overview of EVRAZ Group S.A., a leading global steel and mining company, and its preliminary results for fiscal year 2006. It includes information on EVRAZ's strategy to become one of the top five most profitable steelmakers globally. Key details include EVRAZ achieving EBITDA of $4.3 billion in 2007 and revenues of $12.8 billion for the year. The document also provides breakdowns of EVRAZ's revenues and steel sales volumes by region and product.
- Base metals prices were resilient in October and currently stand up from the start of that month, with the GFMS Base Metals Index averaging 262.8 in October, up 3% from September and 31% year-on-year.
- Aluminum production in China reached an all-time high in September while copper prices reached a cycle peak above $6,600/tonne in late October, supported by concerns over tight supply.
- Zinc prices outperformed other base metals, boosted by declining LME stocks and a mine suspension, while aluminum and tin underperformed due to high inventories and unwinding of long positions.
Hydro is a global aluminum company with activities in over 50 countries. It has robust positions across the aluminum value chain, including bauxite, alumina, primary metal production, aluminum products and recycling [1]. Hydro aims to maximize the potential of its assets, continue operational improvements, capitalize on its technological edge, and maintain financial strength to improve its competitive position and ensure competitive shareholder returns [31-33].
354110-005-1Though TSGs performance in the first half.docxtamicawaysmith
354
110-005-1
Though TSG's performance in the first half of fiscal 2009-10 was disappointing: the company
believed that the demand for steel products was reviving. In the second quarter of financial year
2009-10, TSO reported higher deliveries of 6.22 million tonnes as compared to 5.34 million tonnes
in the first quarter 0[2009·10, a growth of 17%. The company expected to utilize 100% capacity
by the end of' March 2010. Murhurarnan said, "In October, the capacity utilization had touched
80%. It should be 85% by the end of November and 100 per cent by the end of this financial year,
Demand is coming back.,,26
The operations of Tala Steel had been good since mid-200S backed by growth in rural construction
and the auto and infrastructure sectors, Automobiles had been registering healthy sales since April
2008, helping in the revival of the steel sector to an extent. The Indian government's expenditure
on infrastructure and rural development also favored the domestic steel sector. Banks had
aggressively slashed lending rates to increase the credit off-take, which had helped the real estate
and the auto sectors in India in 2009. Analysts estimated that steel consumption in India would
grow by 5-6% in 2009 while production would grow by 4-5%. Tara Steel had expanded its
production capacities by 20% in the fiscal 2008~09. It planned to increase its market share with the
expanded capacities.
However, the global demand For steel, especially the demand from rbe developed nations,
remained under pressure. Even though developed nations had deployed high amounts as stimulus
packages, the scope for infrastructure development which required large volumes of steel, was low
as they already had good infrastructure. The focus of the governments there was to increase
consumption and employment. The auto sector in the US and the UK were ailing because of low
demand and union related issues. Moreover, the auto companies in developed nations were facing
challenges of high debts and had to cut down production significantly.
However, TSG was optimistic about the future. It stated that the global steel demand was reviving
as companies had started building inventories. However, it stated that it would take several years
lor the consumption to reach the peak levels of2007. Moreover, analysts had revised their estimate
of a decline in demand for steel in the calendar year 2009 to 8% in October 2009 from their
previous estimate of a decline of 15% in April 2009.
Going forward, industry analysts had mixed opinions about the future performance of TSG.
According to Abhijeet Naik and Alok Rawat, Analysts at CLSA27 Asia-Pacific markets, "Tata
Steel's aggressive cost-cutting measures in Europe will ensure that COTUS will emerge from the
current downturn with a far-improved cost structure. While the restructuring charges will keep
FY I0 profits under pressure, we see a sharp profit recovery in FY II and FY 12.,,28
26 ~I~~f10~~~elSees Full Capacity Utilization at Corus on ...
Current Situation in the Steel Industry and Development Trends Mechel (ОАО «Мечел»)
The steel industry in Russia faces challenges of stagnating domestic demand, growing overcapacity, and decreasing competitiveness in international markets. Major Russian steelmakers have invested in new projects to expand production, but this risks further overcapacity as demand is expected to grow slowly. State support is needed to stimulate infrastructure projects and import substitution to boost domestic consumption. Steelmakers must also cut costs, develop new products, and move up the value chain to improve competitiveness. The future of the industry depends on balancing capacity growth with demand as well as implementing policies to support investment and regulate natural monopoly tariffs.
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.
The document provides information on setting up an automatic roll forming line to manufacture corrugated iron sheets. Key details include:
- The proposed annual production capacity is 13.5 million meters of corrugated sheets worth Rs. 35.1 crores.
- The manufacturing process involves pulling sheet metal through rollers to form corrugations, then cutting to length.
- Total capital investment is estimated at Rs. 1.17 crores for land and building and Rs. 36 lakhs for plant and machinery.
Uranium prices and uranium miners have displayed fantastic returns for the past 6 months after lagging the rest of the commodity/energy complex until Q3 2010; whilst a correction is overdue (and taking place), this increase is justified by fundamental, contrarily to the 2007 spike which very speculative.
Quo vadis eu steel by Marcel Genet Laplace ConseilAudrey Bayard
This document discusses four mega trends in the world and EU steel industry: 1) World steel production will continue to grow led by China, while EU production will only recover slightly. 2) Global raw material prices and steel prices will gently decline as supply grows. 3) Technology changes will accelerate the use of electric arc furnaces (EAF) in Europe, reducing basic oxygen furnace production. 4) International steel ventures will continue to struggle while regional producers remain focused and prudent.
Iron ore vs scrap imparity hit mini-mills in TurkeyAndrey Pupchenko
Turkish mills should undercut ferrous scrap prices by raising billets purchases
Metal Expert's view on the current market of long products, ferrous scrap and iron ore prices.
Outlook for the coke market in 2010 & onward [Met Coke 2009]Smithers Apex
- Market prices for different coke grades
- Coke battery closures in 2008-9 and their future impact on the market
- Future Chinese policy on exports
- Coke demand outlook
Andrew Jones, Analyst, RESOURCE-NET, Belgium
Long products market in the MENA region - Andrey Pupchenko, Arab Steel Summit...Andrey Pupchenko
The long products steel market in the MENA region will see moderate consumption growth of around 2.5 million tonnes in 2016. Oversupply is expected to increase as the region adds around 8 million tonnes of new production capacity. Competition will intensify as Chinese steel exports decline due to unprofitable margins, while Turkey's competitiveness depends on importing cheaper billets. Regional billet demand may rise by around 2.6 million tonnes to feed additional re-rolling capacity, though not all projects may be completed on schedule. Iron ore prices will be a key determinant of whether scrap prices find a bottom.
Goldman sachs 6th annual global steel conference, 30 ноября 2010evraz_company
Evraz is a leading global steel and mining company with significant operations in North America. It has over $5 billion invested in its North American steelmaking assets consisting of multiple integrated mills. Evraz North America is a top producer of rail, large diameter pipe, and plate in the region with over 4 million tons of annual rolled steel capacity across its diverse portfolio of flat, tubular, and long steel products. The company has a broad geographic footprint in Western North America and benefits from proximity to key end markets.
Steel Dynamics reported a loss in the first quarter of 2009 compared to a profit in the same period of 2008. Net sales were down 57% from the first quarter of 2008 and 33% from the previous quarter. The loss was primarily due to a $83 million non-cash adjustment to raw materials inventory values due to lower steel prices. Excluding this adjustment, the loss would have been $0.19 per share. Operations ran at 46% of capacity for steel mills and around 42-45% for other divisions. The company expects a small profit or loss in the second quarter and to be profitable in the second half of the year as demand increases.
The document discusses the major players in India's steel industry. It notes that Steel Authority of India Limited (SAIL) is the leading steel producer and is fully integrated across the steelmaking process. SAIL operates multiple steel plants across India. Other major Indian steel producers mentioned include Tata Steel, Essar Steel, Jindal Steel, and SAIL has established various joint ventures to support its operations.
Ferroalloy prices are set to decrease further in the coming months as demand for steel remains weak globally. Ferroalloy prices have already decreased 5-8% in major markets this month, following a 30% drop in steel prices over the last six months. While raw material prices like manganese ore have reached bottom, ferroalloy prices will continue to fall to reflect the low steel prices. The price trend may only start reversing in the second half of 2016 if steel demand increases.
This document provides an overview of the global and South African steel industries in 2009. It discusses major global trends such as China surpassing 500 million tons of steel production annually. It also outlines the largest steel producing countries and companies. For South Africa, it summarizes domestic steel production, employment, consumption, trade issues and profiles the major local producers.
The document discusses the steel sector in India, with a focus on Steel Authority of India Limited (SAIL). It provides an overview of SAIL's business model, government policies impacting the steel industry, key developments, expansion plans, and short and long-term earnings growth projections. Valuation of SAIL is performed using the free cash flow to firm and residual income methods, arriving at a per share value of Rs. 154-151.
- United Nations Conference on Trade and Development Iron Ore trust fund
- Production & industry concentration with specific reference to China
- Future pricing system, transparency issues
-Impact of demand changes: production cutbacks, upstarts and expansions, project pipe-line, changing ownership structure
- A special note on the Chinese iron ore industry
- Medium term outlook
- Summary and conclusion
Author:
Per Storm, Managing Director, RAW MATERIALS GROUP, Sweden
The document discusses the construction of a steel superstructure for a rail-cum-road bridge across the River Ganga in Bihar, India. Key details include a bridge length of 3.690 km using welded steel truss construction. Gammon Infrastructure Projects Ltd has been contracted to fabricate and erect 12 spans of 125m each. The work involves fabricating over 24,000 tons of structural steel at site workshops and erecting the spans by cantilever erection using customized cranes. Challenges include avoiding distortion during fabrication and controlling cantilever erection stresses.
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.
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.
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.
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.
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, 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, 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
презентация для инвесторов, ноябрь декабрь 2010evraz_company
This document provides an overview of Evraz Group, a leading global steel and mining company, for a November-December 2010 corporate presentation. It highlights 1H 2010 financial results including a 38% increase in revenue and 147% increase in EBITDA compared to 1H 2009. The mining segment saw revenue double and EBITDA quadruple due to rising iron ore and coal prices. Recent market developments such as capacity utilization rates and trends in steel and raw material prices are also summarized.
презентация для инвесторов, ноябрь 2010evraz_company
- Evraz's revenue and EBITDA increased significantly in 1H 2010 compared to 1H 2009, driven by higher sales volumes and steel prices.
- Rising prices for iron ore and coking coal benefited Evraz's mining segment, with revenue doubling and EBITDA quadrupling year-over-year.
- Evraz has benefited from improving demand and prices in its key markets. Domestic Russian demand for construction steel is expected to be around 10% higher in 2010 than 2009.
Wermuth asset management investor trip, 20 октября 2010evraz_company
The document summarizes Wermuth Asset Management's investor trip on 20 October 2010. It includes a disclaimer on the information provided, an overview of Evraz Group as a leading global steel and mining company, and highlights of Evraz's financial and operational performance in 1H 2010. The document also discusses Evraz's growth strategy, key investment projects, and market developments for steel and raw materials.
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.
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
Bank of america merrill lynch global metals and mining conference, майами, 12...evraz_company
Evraz Inc. NA is a wholly owned subsidiary of Evraz Group and is a leading North American producer of steel and mining products. It has over $5 billion in annual revenue and five million tons of annual rolling capacity across its eight facilities in the United States and Canada. Evraz Inc. NA produces a diverse mix of flat-rolled, tubular, and long steel products focused on infrastructure markets like construction, rail, and pipelines. It has experienced a rebound in production and sales in early 2010 across all product groups as markets have improved.
2. Execution of Management Action Plan 2
◦ 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)
◦ 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 1H09 was US$203 million (62% down vs. 1H08) out of US$500m FY2009 guidance
◦ Exit from Cape Lambert Project in Australia
◦ Financial management
◦ US$738m of working capital released in 1H09 in line with our full year guidance to release
US$700m
◦ Total debt decreased to US$8,482m, net debt decreased to US$7,783m as of 30/06/09
US$965m raised from concurrent GDR and convertible bond offerings in July 2009
◦ Additional US$912m short-term debt repayment in July and August
3. Maintaining Cost Leadership 3
◦ Constant review of product and resources flows for potential efficiency gains
◦ Mining segment cash costs have reduced significantly:
◦ Approximately 75% of consolidated cost is rouble denominated
◦ Russian-based assets have benefited from declines in utilities and staff costs
Cash Cost, Coal Products and
Cash Cost*, Slabs & Billets
100% Fe Iron Ore Products
US$/t US$/t
400 345 375
120 107
300 221 248
90 73
200 60 50
30
100 30
0 0
Slab, Russia Billet, Russia Coal products Iron ore products,
1H08 1H09 1H08 1H09 100% Fe
* Average for Russian steel mills, excl. SG&A and amortisation
4. Market Improvement since the Beginning of 2009 4
◦ Recovery in prices for semi-finished Prices for Evraz Steel Products
products is driven by demand from Asia,
the Middle East and North Africa US$/t
◦ Expected steelmaking capacity utilisation 1,800
until year-end:
1,500
◦ Russia – 100%
◦ Ukraine – 65% 1,200
◦ North America – 80% 900
◦ Czech Republic – 65%; 600
◦ South Africa – 100%
300
◦ Russian mining assets are running at
100% capacity in coal and 85% in iron 0
ore 1Q09 2Q09 3Q09
◦ Steel volumes in 2H09 to grow by Semi-finished, Russia
approximately 10% compared to 1H09 Construction, Russia
due to the restart of blast furnace Flat-rolled, Europe
◦ Prices for semi-finished products in Flat-rolled, NA
Tubular, NA
2H09 will be higher than 1H09 Construction, SA
5. 3Q09 Operational Results 5
◦ 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
- 23%*
900 - 50%*
600 - 54%* - 16%*
300
0
Semi-finished Construction Railway Flat-rolled Tubular Other steel
products products products products products products
3Q08 2Q09 3Q09
* year-on-year comparison
6. 3Q09 Production/Steel: Russia 6
◦ Destocking in Russian domestic market completed
◦ Domestic demand for construction steel picked up in since July
◦ 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
‘000 tonnes Production
3,200 129
64 122
567 79 263
2,400 127
71 285
1,058 936
1,600 798
800 1,293 1,497
1,084
0
3Q08 2Q09 3Q09
Semi-finished Construction Railway Flat-rolled Other steel
7. 3Q09 Production/Steel: North America 7
◦ 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
◦ 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
‘000 tonnes
1,000
800
253
600
400 321 153 117
115 186
200 122 79
121
0 103 65 108
3Q08 2Q09 3Q09
Construction products Railway products
Flat-rolled products Tubular products
8. 3Q09 Production/Steel: Europe and S. Africa 8
Production, Europe Production, South Africa
‘000 tonnes ‘000 tonnes
400
200
14
6
300 150 2 5
6
97 55
200 287 7 100 98
226 34
100 168 50
73 59 50
44 17 33 3
0 0
3Q08 2Q09 3Q09 3Q08 2Q09 3Q09
Other steel products Other steel products
Flat-rolled products Flat-rolled products
Construction products Construction products
Semi-finished products
9. Debt Maturities and Liquidity Profile 9
◦ Total debt of US$8.48bn as of 30 June 2009; short- Breakdown of Short-term Debt
Breakdown of Short-term Debt
term debt of US$3.8bn as of 30 June 2009
as of 30 June 2009
◦ In July Evraz raised US$965m from concurrent GDR US$ mln
and convertible bond offerings 320 176
◦ In July-August 2009 Evraz repaid US$912m of current 806
loans and borrowings, including US$176m of 2009
Eurobonds 765
◦ VEB approved the extension of maturity of the
US$1.81bn loan facilities for another year; including
328
$1.4bn of short-term debt
◦ Cash and cash equivalents amounted to US$1.1bn as
of 1 October 2009 1,404
◦ RUB20bn (US$680m) 5-year bond issue with a 13.5% Bond 2009
coupon rate per annum priced this week
$3.2bn syndicated loan
◦ Evraz is currently in compliance with all its financial Term loans
covenants
VEB
◦ Proactive approach to potential covenant compliance Revolving debt
issue in relation to FY2009 results
VTB
10. Summary 10
◦ Recovery in global demand for semi-finished steel allowed us to fully utilise Russian
steelmaking starting from 1 July 2009
◦ Consistent execution of management action plan brought significant cost savings and
working capital release
◦ Company continues its focus on maintaining low costs position and preserving cash
◦ CAPEX is reduced to maintenance level, dividend payments will only resume upon
deleveraging and clear signs of market recovery
◦ Continuous decrease of overall debt level, replacement of short-term debt by longer-term
maturities
◦ Compliance with all financial covenants, proactive approach to potential covenant
compliance issue in relation to FY2009 results
◦ End of destocking in our key markets, alongside recovery in prices and volumes, makes us
confident of achieving better results in the second half of 2009