3 Sep 2012 07:00
OAO Severstal holds 2012 Capital Markets Day
Moscow, Russia - 3rd September 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 www.severstal.com/eng/ir/webcasts to register and access.
You can also follow us on Twitter at https://twitter.com/OAOSeverstal@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/
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