Announcement • Jun 08
EVRAZ plc, Annual General Meeting, Jun 27, 2024 EVRAZ plc, Annual General Meeting, Jun 27, 2024. Location: pasley tyler and co ltd, 42 berkeley square, w1j 5aw, london United Kingdom Announcement • Dec 05
EVRAZ plc Announces Resignation of Ruslan Ibragimov as Independent Non-Executive Director EVRAZ plc announced that on 1 December 2023 Mr. Ruslan Ibragimov advised the Board that he was stepping down as an independent non-executive director of EVRAZ plc with immediate effect. Announcement • Sep 02
Evraz plc Announces Appointment of Vladislav Zaitsev to the Board as Executive Director EVRAZ plc announced that Mr. Vladislav Zaitsev has been appointed to the Board of EVRAZ plc as an executive Director with immediate effect. The Company expects that Mr. Zaitsev will balance the composition of the Board while providing expertise and knowledge of internal specifics and peculiarities of the Company. Mr. Zaitsev has been with the Company since 2007. He works in HR and has an extensive experience in this field. Announcement • Oct 16
EVRAZ plc Announces Board Changes EVRAZ plc announced that Ruslan Ibragimov has been appointed to the Board of the company as an independent non-executive Director effective immediately. Mr. Ibragimov succeeds Aleksey Ivanov, who steps down from the Board of Directors as of 17 October 2022, but will continue to serve as CEO of the Company. Mr. Ibragimov brings to the Board an expertise in corporate legal issues, M&A transactions and multiannual experience of practicing law. He previously served as Deputy Chairman of the Boards at commercial banks; Head of legal in the Audit and Consulting Firm; Vice President, Corporate Legal Issues and Government Relations in MTS PJSC, simultaneously pursuing academic interest as Legal Research Director at HSE University. Mr. Ibragimov graduated from the Law Faculty of Moscow State University and holds PhD from Peoples' Friendship University of Russia. Announcement • Oct 04
EVRAZ plc Announces Nikolay Ivanov Steps Down from its Board of Directors EVRAZ plc announced that on 30 September 2022, Mr. Nikolay Ivanov has stepped down from the Board of Directors. Mr. Aleksey Ivanov and Mr. Andrey Loboda will continue as Directors of the Company. Announcement • Sep 17
EVRAZ plc Appoints Andrey Loboda as Independent Non-Executive Director with Effect from September 15, 2022 EVRAZ plc announced that Mr. Andrey Loboda has been appointed to the Board of EVRAZ plc as an independent non-executive Director with effect from 15 September 2022. Mr. Loboda specializes in foreign investment protection, international commercial arbitration, civil law, private international law, insurance law and maritime law. He has participated as a party representative, an arbitrator or a sole arbitrator, chairman of the arbitral tribunal, an expert, and a rapporteur in over 70 arbitrations. He served as an assessor of the Arbitrazh (Commercial) Court of the City of Moscow in 2007-2009 and an alternate member of the ICC International Court of Arbitration in 2012-2015. Mr. Loboda is a member of the Expert Council at the ICC Russia Commission on International Arbitration and is a practicing attorney and managing partner at the law firm Loboda, Filimonov and Partners. Mr. Loboda has been a lecturer at the Department of Private International and Civil Law at the Moscow State Institute of International Relations (MGIMO) since 2000 and wrote many law publications. Mr. Loboda graduated from the international law faculty of MGIMO with a degree in International Law (Jurisprudence) in 1996 and the postgraduate studies at the Department of Private International and Civil Law at MGIMO in 1996-1999, where subsequently received a PhD in 2002. He also completed a testimony training programme (as an expert witness) in Bond Solon, London in 2019. Announcement • Jun 29
EVRAZ plc to Report Q2, 2022 Results on Jul 28, 2022 EVRAZ plc announced that they will report Q2, 2022 results on Jul 28, 2022 Announcement • Jun 09
EVRAZ plc, Annual General Meeting, Jun 30, 2022 EVRAZ plc, Annual General Meeting, Jun 30, 2022, at 10:00 Coordinated Universal Time. Location: Pasley-Tyler & Co. Ltd, 42 Berkeley Square, London W1J 5AW London United Kingdom Announcement • Mar 06
EVRAZ plc Announces James Rutherford Steps Down as A Non-Executive Director EVRAZ plc announces that on 3 March 2022 James Rutherford advised the Board that he was stepping down as a non-executive director of with immediate effect. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 205%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (11%). Reported Earnings • Feb 26
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$2.37 (up from US$0.58 in FY 2020). Revenue: US$13.5b (up 38% from FY 2020). Net income: US$3.45b (up 307% from FY 2020). Profit margin: 26% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is expected to shrink by 3.8% compared to a 4.1% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Feb 25
EVRAZ Announces an Interim Dividend Payable on 30 March 2022 In consideration of EVRAZ strong performance in 2021, EVRAZ Board of Directors has announced an interim dividend. On 24 February 2022, the Board of Directors voted to disburse a total of $729 million, or $0.50 per share. The record date is 11 March 2022 and payment date is 30 March 2022. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 31% share price decline to UK£3.16, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 8x in the Metals and Mining industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Announcement • Jan 28
EVRAZ plc Announces Changes in the Composition of the Board EVRAZ plc announced that the Nominations Committee has recommended to the Board of Directors of the Company (the "Board"), and the Board has agreed, the following changes to the Board and its committees. Ms. Maria Gordon will join the board as an Independent Non-executive Director with effect from 1 February 2022. Ms. Gordon will also become a member of the Audit Committee and Sustainability Committee. Ms. Gordon has over two-decade-long experience in equity and debt capital markets. She was Executive Vice President and EME Strategy at PIMCO from 2010 to 2014. Prior to that, from 1998 to 2010 she had been a Managing Director, Head of Emerging Markets Strategy at Goldman Sachs Asset Management. Ms. Gordon's current board appointments include NED positions at Detsky Mir, Polyus, TCS Group Holding PLC, Moscow Stock Exchange and Alrosa. Mr. Aleksey Ivanov, who became Chief Executive Officer of EVRAZ on 1 September 2021, will be appointed an Executive Director of the Company with effect from 1 February 2022. As previously advised, the Board asked Mr. Karl Gruber and Sir Michael Peat to remain as Independent Non-executive Directors to assist the Board during the demerger of EVRAZ' coal business. In line with the announced timetable, they are both expected to stand down as directors on 31 March 2022. Ms. Deborah Gudgeon will, on 1 April 2022, take over from Sir Michael Peat as Senior Independent Director. The following changes to the principal board committees are announced: Mr. Alexander Frolov will be appointed a member of the Nominations Committee with effect from 1 February 2022; Ms. Maria Gordon will be appointed a member of the Audit Committee and the Sustainability Committee with effect from 1 February 2022; Mr. Aleksey Ivanov will be appointed a member of the Sustainability Committee with effect from 1 February 2022. Announcement • Dec 02
EVRAZ Appoints Elena Samsonova as Vice President, Human Resources EVRAZ announced the appointment of Elena Samsonova to the position of Vice President, Human Resources. At EVRAZ, Elena will be developing the system for the strategic and operational personnel management in line with the company's business development goals, carry out strategic resource planning, and implement efficient tools for personnel assessment and development. Before joining EVRAZ, Elena Samsonova had worked for 15 years as HR director at Uralkali, Global Ports, Eurochem, and TransContainer. Reported Earnings • Aug 06
First half 2021 earnings released: EPS US$0.82 (vs US$0.35 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$6.18b (up 24% from 1H 2020). Net income: US$1.20b (up 137% from 1H 2020). Profit margin: 19% (up from 10% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 03
Consensus EPS estimates increase to US$2.08 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$13.3b to US$13.5b. EPS estimate increased from US$1.87 to US$2.08 per share. Net income forecast to grow 219% next year vs 60% growth forecast for Metals and Mining industry in the United Kingdom. Consensus price target broadly unchanged at UK£6.55. Share price was steady at UK£6.16 over the past week. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Stephen Odell was the last director to join the board, commencing their role in 2021. Executive Departure • Jun 16
Independent Non-Executive Director Laurie Argo has left the company On the 15th of June, Laurie Argo's tenure as Independent Non-Executive Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Laurie's name. Laurie is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.25 years. Upcoming Dividend • May 20
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 25 June 2021. Trailing yield: 5.3%. Within top quartile of British dividend payers (4.1%). In line with average of industry peers (5.0%). Major Estimate Revision • Mar 04
Analysts increase EPS estimates to US$1.21 The 2021 consensus revenue estimate increased from US$11.7b to US$12.1b. The earnings per share estimate also received an upgrade from US$0.91 to US$1.21 for the same period. Net income is expected to grow by 66% next year compared to 76% growth forecast for the Metals and Mining industry in the United Kingdom. The consensus price target increased from UK£7.06 to UK£7.29. Share price is down by 2.5% to UK£5.83 over the past week. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS US$0.58 (vs US$0.23 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$9.75b (down 18% from FY 2019). Net income: US$848.0m (up 160% from FY 2019). Profit margin: 8.7% (up from 2.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 20%, compared to a 22% growth forecast for the Metals and Mining industry in the United Kingdom. Is New 90 Day High Low • Feb 15
New 90-day high: UK£5.35 The company is up 41% from its price of UK£3.80 on 17 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£7.05 per share. Is New 90 Day High Low • Jan 04
New 90-day high: UK£4.92 The company is up 41% from its price of UK£3.49 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.83 per share. Is New 90 Day High Low • Dec 14
New 90-day high: UK£4.55 The company is up 37% from its price of UK£3.33 on 15 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£5.17 per share. Is New 90 Day High Low • Nov 24
New 90-day high: UK£3.86 The company is up 20% from its price of UK£3.22 on 25 August 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.74 per share. Is New 90 Day High Low • Oct 07
New 90-day high: UK£3.53 The company is up 23% from its price of UK£2.88 on 09 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.08 per share.