Ferrexpo Plc · LSE:FXPO
Ferrexpo — Shareholder Meeting (May 2021)
16 slides from Ferrexpo's shareholder meeting presentation, May 27, 2021
Slide 1: Welcome to the 14th Ferrexpo plc Annual General Meeting
W ELCOME TO THE 14 TH FERREXPO PLC ANNUAL GENERAL MEETING 27 TH M AY 2021 THE MEETING WILL BEGIN SHORTLY Ferrexpo plc | AGM Presentation, May 2021
Slide 2: Delivering Sustainable Growth
DELIVERING SUSTAINABLE GROWTH 2021 ANNUAL GENERAL MEETING May 2021 Lucio Genovese, Chair Jim North, Interim CEO Ferrexpo plc | AGM Presentation, May 2021
Slide 3: Strategic Review
STRATEGIC REVIEW Lucio Genovese, Chair Ferrexpo plc | AGM Presentation, May 2021
Slide 4: Key Highlights for 2020
4 KEY HIGHLIGHTS FOR 2020 - Proactive response to COVID-19 - Focus on climate change - Enhanced procedures and internal controls improving the Corporate Governance Framework. - Third Employee Engagement Survey - Appointment of Chair - Appointment of Executive Director Iron ore pellets - Appointment
Slide 5: Key Priorities for 2021
5 KEY PRIORITIES FOR 2021 - Continued management of COVID-19 - Health & Safety and employee wellbeing - Climate change - Appointment of an Independent Non-executive Director - Board diversity - Succession planning at Board and management level Natalia Storozh (pictured) was - Cyber security appointe
Slide 6: Business Update
BUSINESS UPDATE Jim North, Interim CEO Ferrexpo plc | AGM Presentation, May 2021
Slide 7: 2020 – Transitional Year in Review
7 2020 – TRANSITIONAL YEAR IN REVIEW PIVOT TOWARDS NEW PHASE Safety Growth Dividends Safety performance materially below Pellet production increased by 7% to Record dividends of 85.8 US cents 5 year trailing average for second 11.2MT in 2020, with high grade announced and proposed in respect success
Slide 8: Operational Update: 2020 Concentrator Expansion Delivering Results
8 OPERATIONAL UPDATE 2020 CONCENTRATOR EXPANSION DELIVERING RESULTS PLANT PRODUCTION RATES Completed 50 pelletiser upgrade work Increased production volumes following Daily production rate (10 day average) (1 of 3 planned) investments in concentrator expansion 45 and concentrate stockyard in 2020. 4
Slide 9: Market Update: Shift to High Grade, High Quality Iron Ore Products
9 MARKET UPDATE SHIFT TO HIGH GRADE, HIGH QUALITY IRON ORE PRODUCTS C.30% INCREASE IN IRON ORE PRICES SEEN YTD ALONGSIDE RISING STEEL PRICING ACROSS KEY REGIONS $66/T ATLANTIC PELLET PREMIUM IN 2Q (2019: US$29/T) IRON ORE MARKET IN 2021 REGIONAL PRICES OF HOT ROLLED COIL (US$/T) 300 120 Market indic
Slide 10: Continued Progress in Sustainability
10 CONTINUED PROGRESS IN SUSTAINABILITY STRONG PERFORMANCE IN SAFETY - Zero fatalities in 2021 YTD. - Key safety metric LTIFR reduced by 19% to 0.641 in 2021, representing continued safety performance materially below 5 year trailing average. Aerial view of MATERIALLY CUTTING EMISSIONS TODAY Ferrexp
Slide 11: The Future is Green Steel
11 THE FUTURE IS GREEN STEEL CLEAR PATHWAY TO LOW CARBON PELLET PRODUCTION Scope 1 Emissions Scope 2 Emissions Scope 3 Emissions (50kg CO2/t pellet) (62kg CO2/t pellet) (1,082kg CO2/t pellet) Sources ■ Mining (diesel, 41% Scope 1). ■ Electricity (97% of Scope 2). ■ Pellet conversion into steel (94%
Slide 12: Governance
12 GOVERNANCE 2020 2016 Recent Updates: - New Chair Lucio Genovese. Lucio Genovese, Chair of the Board Vitaliy Lisovenko Senior Independent Non-executive Director - New Executive Director Jim North. 2020 2019 - New Independent Non-executive Director Ann- Christin Andersen. - Enhanced procedures and
Slide 13: Looking Ahead
13 LOOKING AHEAD 1 Continue journey to zero injury workplace. 2 Growth in production volumes beyond FY20 level. Pellet line upgrade work (2 lines) to take place in 2Q and 3Q 2021, deferring third and final 3 line to 3Q to maximise earnings in current iron ore price environment. 4 Developing product
Slide 14: Question and Answer Session
QUESTION AND ANSWER SESSION Ferrexpo plc | AGM Presentation, May 2021
Slide 15: Thank you for attending today's Annual General Meeting
THANK YOU FOR ATTENDING TODAY’S ANNUAL GENERAL MEETING THE MEETING IS NOW CLOSED Ferrexpo plc | AGM Presentation, May 2021
Slide 16: Disclaimer
16 DISCLAIMER This document is being supplied to you solely for your information and does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in Ferrexpo Plc (the “Company”, and together with