FERREXPO PLC 25 MAY 2023
ANNUAL GENERAL MEETING
SUSTAINED COMMITMENT TO UKRAINE
HUMANITARIAN SUPPORT
US$19M
Including Ferrexpo Humanitarian Fund, with US$15M of approved funding, which has assisted over 70 projects.
RESILIENT OPERATIONS
6.1MT
Operations continue for the majority of 2022, despite operational challenges faced, producing 6.1MT (2021: 11.2MT).
COMMITTED TO UKRAINE
US$161M
Continuing to invest in our workforce, assets and logistics network, with capital investmentA of US$161M in 2022, despite the war in Ukraine.
OUR ROLE IN UKRAINE
3%
Ferrexpo represents a major component of Ukraine's economy, providing 3% of exports in 2022 (2021: 4%).
Image: Volunteers from Ferrexpo's workforce, who have helped coordinate and deliver humanitarian aid to families in local communities in 2022. | Ferrexpo PLC | AGM Presentation | 2 |
BOARD AND MANAGEMENT
Continued focus on succession planning
Lucio Genovese appointed interim Exec Chair | |
CFO, Nikolay Kladiev to be appointed as an | |
Executive Director | |
Jim North stepping down as CEO and | |
Executive Director after 9 years with Ferrexpo | |
Search for iNED ongoing; Ann-Christin | |
Andersen not standing for re-election at AGM | Board balance1 |
Strong management team with significant | |
experience | |
43% female Board representation1 | |
1. As at 31 December 2022
Independent Chair Executive
Ferrexpo PLC | AGM Presentation 3
OPERATIONS REVIEW
Scaling production according to accessible markets
PRODUCTION AND SALES VOLUMES (QUARTERLY AVERAGES)
TOTAL TONNES, MT | Equivalent no. pellet lines |
4 |
3 | ||||||||
3 | ||||||||
2 | ||||||||
2 | ||||||||
2 | ||||||||
Production | 1 | |||||||
1 | ||||||||
- | Sales | |||||||
2020 | 2021 | 1Q 2022 | 2Q 2022 | 3Q 2022 | 4Q 2022 | 1Q 2023 | ||
(Quarterly | (Quarterly | |||||||
Average) | Average) |
Q1 production of 0.9Mt vs. 4Q 2022
0.42Mt; improvement in electricity supply,
enabling restart of 2nd pellet line.
Ferrexpo PLC | AGM Presentation | 4 |
LOGISTICS REVIEW
Providing a stable and consistent supply to our long-term customers
Logistics (rail) | Kyiv | Ferrexpo operations |
Western border crossings | Mining & processing complex | |
European customers1 (2022) | European market share (2022) |
83% | 27% |
Rail shipments into Europe | Ferrexpo pellets represented 27% |
remains the main accessible | of the market for pellet shipments |
customer market whilst Black Sea | into Europe in 2022, up from 23% |
access is limited (2021: 58%). | in 2021.1 |
Stock on rail | Inland waterway (barging) |
20 Days | 1.2MT |
Logistics (inland waterway) | Logistics (seaborne) |
River Danube (EU) | Black Sea port of Pivdennyi |
Rail turnaround time decreased to 20 days in February (average) from an average of 30 days in 2H 2022.
Total of 1.2MT shipped via inland waterway (barging) during 2022 (2021: 0.8MT), utilising flexibility in logistics operations.
1. Source: Management estimate. Figures are for pellet | ||
imports by steelmakers that are not fully integrated with | Ferrexpo PLC | AGM Presentation | 5 |
respect to iron ore supply. |
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Ferrexpo plc published this content on 25 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2023 09:29:02 UTC.
