Severstal | 29 September 2011 г. | 11:58

Severstal, JSC holds 2011 Capital Markets Day

Severstal, JSC holds 2011 Capital Markets Day

Severstal, JSC, one of the world’s leading vertically integrated steel and mining companies, announces that it is hosting a presentation to investors and analysts in London to update on its development strategy.

Presentations will be given by the senior management team led by Chris Clark (Chairman) and Alexey Mordashov (Chief Executive Officer) setting out the Company’s strategic focus on steel and steel-related mining with the objective of becoming a global industry leader by EBITDA and delivering EBITDA margins of more than 20% through the cycle with industry leading ROCE.

“We have focused Severstal, JSC on attractive markets and geographies, have a high degree of vertical integration and operate amongst the most efficient facilities in Russia and North America. As a result, we are well placed to address any immediate economic challenges whilst being strongly positioned to continue our strategic development”, said Alexey Mordashov, Chief Executive Officer.

The key themes that will be addressed in presentations are: strong performance and improvement of market position during the year to date; updated corporate strategy aimed at reinforcing competitive advantages; focus on core steel and steel related mining business; balanced growth strategy focused on attractive markets and geographies; well positioned in today’s markets with prudent financial policy and strategy; progress made in the Business System of Severstal, JSC projects, with a targeted additional annualized EBITDA uplift of more than $1 billion by 2015.

Severstal, JSC, will also present their opportunities in the international industrial exhibition Metal-Expo, November 15-18 in Moscow. The delegation will be represented by 50 experts headed by the Director of Sales and Chief Engineer, whose level of competence will allow to resolve any issues related to the supply of steel products on-site.

Source: metal supply & sales
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