OAO Severstal holds 2012 Capital Markets Day
3.09.2012
OAO Severstal ("Severstal", the “Company”) (LSE: SVST; MICEX-RTS:
CHMF), one of the world's leading vertically integrated steel and steel-related
mining companies, is today hosting its annual Capital Markets Day in London to
update investors and analysts on progress in executing its stated strategy.
Presentations will be given by the senior management team led by Christopher
Clark (Chairman) and Alexey Mordashov (Chief Executive Officer). The team
will demonstrate that Severstal is well positioned to continue its
outperformance helped by further internal efficiencies and organic
growth. This includes an asset structure aligned with strategic
priorities, further progress in implementing the Business System of Severstal
and continued targeted investment.
The other members of the senior management team presenting will be:
- Thomas Veraszto Senior Vice-President of Strategy and Corporate
Development: Global market trends and opportunities;
- Alexei Kulichenko, CFO: Commitment to prudent financial
policy;
- Vadim Saveliev, Senior Vice-President, Corporate Communications and
Investor Relations: Developing sustainability;
- Alexander Grubman (CEO of Severstal Russian Steel), Vadim Larin (CEO of
Severstal Resources) and Sergei Kuznetsov (CEO of Severstal International):
Divisional strategies, operations and development priorities.
Alexey Mordashov, Chief Executive Officer, said: “While the global
economic picture remains a challenging one, we will show today why Severstal is
able to outperform during difficult as well as good times. Last year we set out
the fundamental strengths of the business which include a strong exposure to
emerging markets, a high level of vertical integration, well-invested and
highly efficient assets and the strength-in-depth of our management team. These
qualities underpin our resilience in more turbulent markets and enable us to
continue with the execution of our strategy as a focused steel and
steel-related mining business operating globally with the objective of
achieving industry leading financial targets.”
The key themes that will be addressed in today’s presentations are:
- Well positioned for steel and commodities markets volatility;
- On track with execution of the focused strategy;
- Focus on internal improvements and organic growth;
- Well-invested assets and flexible capex programme covered by operating cash
flow;
- Commitment to a prudent financial policy;
- Strict corporate governance standards.
No additional disclosure will be made about current trading since the
announcement of the Company’s Q2 and H1 2012 financial results released on
29th August 2012.
The event will take place in Central London. To register your interest in
attending, please email
Severstal@hudsonsandler.com.
Attendance is strictly limited to registered individuals. The presentations
will begin at 2.00pm and will be webcast live on the Company’s website. Please
go
to http://www1.axisto.co.uk/webcasting/investis/severstal/capital-markets-day-2012/
to register and access.
You can also follow us on Twitter at
https://twitter.com/OAOSeverstal
or on our Facebook page at
http://www.facebook.com/SeverstalOAO
For further information, please contact:
Severstal
Vladimir Zaluzhsky - Investor
Relations
T: +7 (495) 926-77-66
vladimir.zaluzhsky@severstal.com
Elena Kovaleva - External Communications
T: +7 (495) 926-77-66
elena.kovaleva@severstal.com
Severstal’s financial communications agent - Hudson
Sandler
Andrew Hayes / Andrew Leach / Maria Ignatova / Alex
Brennan
T: +44 (0) 20 7796 4133
The presentations will be available for download
at:
http://www.severstal.com/eng/ir/conferences_presentations/business_presentations/
