Presentation – Capital Markets Day 2019
London/Moscow, 18 March 2019 – ALROSA (MICEX-RTS: ALRS), the world’s leading diamond mining company, hosted its Capital Markets Day in London today. The Company’s management has shared market insights and provided an update on ALROSA’s strategic development.
- Enhance sustainable development and safety at workplace. Focus on responsible mining
- Focus on operational efficiency programme
- Maintain best-in-class resource base
- Marketing efforts
- Prudent capital allocation strategy focused on maximization of shareholders’ returns
ALROSA’s consistent and conservative financial policy has resulted in the assignment of investment grade credit rating by Moody’s and S&P in 2018. The Company intends to maintain a conservative debt profile going forward with the target Net debt/EBITDA ratio between 0.5x and 1.0х.
Sergey Ivanov, ALROSA CEO, Chairman of the Board, comments:
“We are well on track to build a world-class commercially driven business with an ultimate goal to maximise returns for shareholders. In 2018, we shifted to a more transparent dividend policy by linking dividend payments to FCF (vs. net profit as it was before). The Company intends to distribute between 70% and 100% of FCF to its shareholders.
In December 2017, the Supervisory Board approved a three-year long-term incentive (LTI) programme for employees linked to a set of financial, operational and total shareholder return (TSR) targets to align management and shareholder interests.”
 Labor productivity stands for thousands of m3 of run-of-mine ore per employee.
 Subject to leverage level Net debt/EBITDA