EVRAZ Holds Inaugural Investor Day

EVRAZ announces that it will host its inaugural investor day at 9.00 am in London today.

Presentations will be given by certain members of the Board of Directors, including Alexander Abramov (Chairman), Sir Michael Peat (Senior Independent Director) and Alexander Frolov (Chief Executive Officer) setting out the Company’s strategy for future growth.

In addition there will be presentations by the following members of the senior management team:

Marat Atnashev, Vice President, Major Projects
Giacomo Baizini, Chief Financial Officer
Alexey Ivanov, Vice President, Steel (Russia)
Alexander Kruchinin, Vice President, Health, Safety & Environmental
Pavel Tatyanin, Senior Vice President, International

Highlights of the day’s presentations include:

Continued focus on health, safety and the environment as part of an ongoing commitment to corporate social responsibility
Targeted $5.0bn EBITDA in 2016
Planned growth in mining volumes to achieve 120% self-coverage in iron ore and 130% in coking coal by 2016
Potential annual capital expenditure averaging US$1.5 billion from 2012 to 2016, on:
- Strong investment projects portfolio including some of the best available greenfield mining opportunities in Russia
- Increased investment focused on adding value to steel products, particularly in the rail and pipe segments
- Continued investment in cost reduction initiatives, including PCI technology
Positive contribution of investments to EBITDA and cash flow expected from 2013
Net leverage (net debt/EBITDA) likely to rise in 2012, although targeted below 2.0x in the medium term
Commitment to maintaining a balance between investment and the payment of dividends

No additional disclosure will be made about current trading in addition to that made in the Company’s Interim Management Statement on 15 May 2012.