Key performance indicators

EVRAZ performance is assessed against several key performance indicators (KPIs), which are linked to our strategic priorities.

Financial

KPI	EBITDA, US$ million	Free cash flow, US$ million	Effect from efficiency improvement programme, US$ million (cost cutting + customer focus)	Cash cost of slab, US$ per tonne	Cash cost of coal concentrate, US$ per tonne
Data
What does it mean?	Our financial performance	Our ability to generate free cash flow from the current business	The effect of our efforts to generate and implement efficiency improvements initiatives	Our integrated cash-cost per tonne of slab for Russian steel plants	Our cash-costs per tonne of washed coal products
How did we perform in 2020?	The decline in EBITDA was primarily attributable to lower steel, vanadium and coal products sales prices, as well as lower sales of tubular and flat-rolled steel products resulting from weakening market demand in North America.	The decline compared to 2019 is primarily attributable to lower EBITDA.	The efficiency programme generated additional effect mostly through productivity growth, yield improvements and numerous savings projects. Customer focus initiatives generated additional effect as result of sales efforts in railway products as well as due to numerous improvements in logistics and procurement efficiency.	Cash cost of slab decreased due to lower material prices, better raw materials' yields and mix as well as due to lower auxiliary, services and repairs costs.	Coking coal concentrate cash cost decreased mainly as a result of rouble depreciation.
Relevance to strategic priorities	Retention of low cost position Development of product portfolio and customer base	Debt management and stable dividend Prudent CAPEX Retention of low cost position Development of product portfolio and customer base	Retention of low-cost position Development of product portfolio and customer base	Retention of low-cost position Development of product portfolio and customer base EVRAZ business system	Retention of low-cost position Development of product portfolio and customer base
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Non-financial

KPI	Labour productivity, steel, tonnes per person	LTIFR (excluding fatalities), per 1 million hours	GHG intensity ratio, tCO₂ e per tonne of crude steel
Data
What does it mean?	Productivity of our workforce	Key indicator of the Group’s health and safety performance	The effect of our efforts to reduce the carbon footprint of our production
How did we perform in 2020?	Labour productivity decreased as a result of lower production volumes coupled with a decline in number of employees comparing to the previous year.	As part of its efforts to improve the safety culture, EVRAZ focused on a new approach to engage employees in the process of identifying and mitigating risks. This and other initiatives helped to bring the lost-time injury frequency rate – a key health and safety metric – down to 1.58x. The Group surpassed its target level of 1.61x.	Overall emissions in the steel sector (the Steel and North America segments) were 0.5% lower than the 2019 level, mostly due to a minor decrease in crude steel production and therefore the specific intensity of GHG emissions remains at the same level of 1.97 tCO2e/tcs.
Relevance to strategic priorities	Retention of low-cost position	Sustainable development	Sustainable development
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