EVRAZ EVRAZ plc.

EVRAZ, EVRAZ plc. (formerly EVRAZ Group S.A., EVRAZ Group) is a vertically integrated metallurgical and mining company with assets in Russia, the USA, Canada, the Czech Republic and Kazakhstan (data for 2022). The company is one of the largest steel producers in the world. Our own base of iron ore and coking coal almost fully meets EVRAZ's internal needs.

The armor of every second Soviet tank during the Second World War was produced at the Kuznetsk Metallurgical Plant, which is part of the EVRAZ structure.

Main areas of activity

• Production and sale of steel products
• Iron ore mining and processing
• Coal mining
• Production and sale of vanadium and vanadium products
• Trade and Logistics

Steel products: construction and railway rental, the largest infrastructure facilities: Crimean bridge, SK Zvezda, Plesetsk cosmodrome, Moscow metro, etc.

Aktivs

As of April 2022, EVRAZ's core assets include:

• EVRAZ ZSMK
• EVRAZ NTMK
• EVRAZ KGOK
• EVRAZ Vanadiy Tula
• EVRAZ North America
• EVRAZ Trading Company
• EVRAZ Market
• Raspadskaya Coal Company

Information Technology

Main article: Information technology in EVRAZ

Performance indicators

2023: Revenue reduction in Russia by 19% to $7.7 billion

Evraz's revenue in Russia at the end of 2023 amounted to $7.7 billion, which is 19 less than a year earlier. The group disclosed such figures in April 2024 as part of a presentation on bonds.

The decline in sales in the Russian Federation in the company was associated with a drop in the sale of semi-finished products, as well as a decrease in steel prices. According to Interfax, citing materials from Evraz, in 2023 sales of steel semi-finished products decreased by 18% compared to 2022 - to 4.37 million tons. At the same time, sales of construction products increased by 6%, to 4.078 million tons, railway products - by 5%, to 1.4 million tons.

Freepik

The EBITDA of Evraz's Russian assets in 2023 reached $2.13 billion, which is 9% more than a year ago. This rise in the group was associated with a decrease in operating expenses. EBITDA margin for 2023 was 27.6%.

By the end of 2023, the net debt of Evraz's Russian business amounted to $1.7 million, an increase of 7% on an annualized basis. The increase in debt burden was associated with the redemption in 2023 of Eurobonds of the parent company by $425.2 million. Net debt/EBITDA at the end of 2023 amounted to 0.82x against 0.84 x in 2022, the group said in its materials. Evraz's capital expenditures in 2023 decreased by 5%, to $634 million.

The Russian assets of the Evraz group as of the end of 2023 include Evraz NTMK, Evraz KGOK, Evraz ZSMK, Evraz Vanadiy Tula, as well as the Evraz Uzlovaya project under implementation. The company also includes the Kazakhstani company Evraz Caspian Steel in this group.

Evraz has not published consolidated financial results since 2022 due to the lack of an auditor due to sanctions restrictions imposed on the company and its shareholders.^[1]

2022: 5.9% reduction in steel production to 12.8 million tonnes

In 2022, Evraz produced 12.8 million tons of steel, which is 5.9% less than a year earlier. This is stated in the report of Evraz Holding Finance, which was published at the end of May 2023.

According to Interfax with reference to the company's materials, the share of the Evraz group in steel production in the Russian Federation in 2022 amounted to 15%, the share in coal mining - 2%.

Evraz produced 12.8 million tons of steel

According to the issuer, the Group's performance in the industry is positive and consistent with industry trends... Evraz Group pays attention to the development of the product portfolio (in particular, increasing the share of products with high added value) and the search for new markets, the report says.

According to the president of the company, Alexei Ivanov, in the first half of 2022, steel demand began to decline amid fears of a weakening global economy and continuing problems in the global supply chain. In China, a "bearish" mood prevailed, dictated by the extension of restrictions related to the COVID-19 pandemic, a reduction in the margin of steel manufacturers and an increase in warehouse stocks. According to Ivanov, this led to a pullback in steel prices from the recently observed high levels in all key markets, in particular in China, Europe and India.

We are adapting our business to the new reality and are working to ensure our obligations to customers, suppliers and employees, - concluded Ivanov.

The company in February 2023 announced that it would not be able to publish its annual report and statements under IFRS for 2022 due to the inability to find an auditor amid the imposed sanctions restrictions.

By the end of 2022, Evraz remained among the largest steel producers in the world in terms of production volumes. The company's assets were located in Russia, Kazakhstan, the USA, the Czech Republic and Canada.^[2]

2021: Debts for the year decreased by 20.5%

Evraz's revenue in 2021 reached $14.16 billion, an increase of 45.2% compared to 2020 (according to international financial reporting standards, IFRS). Net profit increased 3.6 times and amounted to $3.11 billion. The Russian mining and metallurgical company published its reports on February 25, 2022.

Evraz's net debt by the end of 2021 decreased by 20.5% compared to the same period in 2020 - to $2.67 billion. Its ratio to EBITDA for the previous 12 months was 0.5x versus 1.5x a year earlier. Capital expenditures increased by 40% to $920 million.

Evraz's debts for the year decreased by 20.5%

In 2021, the metallurgical industry developed mainly under the influence of fluctuations in demand. Industry companies have increased production in anticipation of growing demand from the construction sector and industry. Under pressure from the faster pace of economic recovery, steel prices reached multi-year highs, "its president Alexei Ivanov commented on Evraz's financial results.

In 2021, the company's revenue from steel sales reached $10.19 billion, which is 46.2% higher than a year ago. In North America, revenues in this market grew by 30.6%, amounting to $2.32 billion.

Evraz coal production in 2021 increased by 55.8%, to $2.32 billion. The remaining sources of income combined added about $535 million to the company's turnover against $410 million in 2020, the statement said.

The company's revenue in Russia at the end of 2021 turned out to be $5.52 billion, which is 48.3% more than a year earlier. In Asia, revenues increased by almost 25% and reached $3.68 billion. In the Americas, sales increased by 57.5% to $3.02 billion. In Europe, almost double growth was registered - up to $946 million.Reporting by Evraz for 2021

2012: Revenue of $14.7 billion, produced 15.9 million tons of steel

In 2012, EVRAZ produced 15.9 million tonnes of steel. EVRAZ consolidated revenue for 2012 amounted to $14,726 million, consolidated EBITDA - $2,012 million.

As of 2012, EVRAZ Group S.A. (EVRAZ) is one of the world's largest vertically integrated metallurgical and mining companies with assets in Russia, Ukraine, Europe, the USA, Canada and South Africa with more than 110 thousand employees.

History

2023: CEO quits the company

On June 30, 2023, the resignation of Alexei Ivanov from the post of CEO of Evraz was announced. At the same time, he remained in a leadership role "in the Russian perimeter of Evraz and as chairman of the board of directors of Evraz North America," and its board of directors will manage the company. Read more here.

2022: CBR convicts Evraz and KPMG employees of insider transactions

November 2, 2022 Central Bank of the Russian Federation announced the establishment of the facts of illegal use insider information by the group's employees Evraz and in KMPG the implementation of transactions with ordinary shares of PJSC "." Raspadskaya More. here

2020: Steel output cut to 13.63 mt

2019

Evraz at the end of 2020 reduced steel production compared to a year earlier by 1.3% - to 13.63 million tons, follows from the company's message.

In particular, the company's steel production in Russia increased by 0.8%, to 12.05 million tons, in North America - fell by 15.1%, to 1.58 million tons.

Total sales of steel products in 2020 decreased by 3.1%, to 13.06 million tons.

Production of ordinary coking coal in 2020 fell by 21% in annual terms - to 20.65 million tons.

Sales of coal products in 2020 increased by 11.6% - to 12.34 million tons.

The company's net profit rose to $858 million from $365 million in 2019.

EVRAZ continued to reduce net debt, which at the end of the year amounted to $3.356 billion (in 2019 - $3.445 billion).

The total effect on EBITDA from the measures under the program to improve efficiency, reduce costs and develop client relations amounted to $426 million.

Consolidated EBITDA amounted to $2.212 billion, a decrease of 15% compared to 2019 ($2.601 billion), EBITDA margin increased to 22.7% (in 2019 - 21.8%).

2018: Owners

As of May 2018, EVRAZ was owned by: Abramovich Roman Arkadyevich - 30.76% Abramov Alexander Grigorievich - 21.09% Frolov Alexander Vladimirovich - 10.53% Gennady Ivanovich Kozovoy - 5.85% Alexander Stepanovich Vagin - 5.79% Shvidler Evgeny Markovich - 3.06%

2017

2013

As of 2013, EVRAZ was a vertically integrated metallurgical and mining company with assets in Russia, Ukraine, the USA, Canada, the Czech Republic, Italy and South Africa.

• The company was one of the top 20 largest steel producers in the world.
• The company was part of the leading FTSE-250 index of the London Stock Exchange.

2010: 16.3 million tonnes of steel produced (15th in the world)

According to the results of 2010, the company ranked 15th in the world (16.3 million tons) in terms of steel production.

Notes