Companhia Siderurgica Nacional — National Steel — Q1 2012 Earnings Presentation

5 slides from Companhia Siderurgica Nacional's earnings presentation, May 11, 2012

Slide 1: Financial Result and Net Debt
Financial Result and Net Debt The 1Q12 net financial result was negative by R$628 million, chiefly due to the following factors: § Interest on loans and financing totaling R$595 million; § Expenses of R$47 million with the monetary restatement of tax payment installments; § Monetary and foreign exch
Slide 2: Consolidated Net Income and Capex
Consolidated Net Income Capex ü CSN posted consolidated net income of R$93 million in 1Q12, 89% down on 4Q11, basically due to the reduction in gross profit. CSN invested R$882 million in 1Q12, R$549 million of which in subsidiaries or joint subsidiaries, mainly in: ü Transnordestina Logística: R$43
Slide 3: Net revenue by segment in 1Q12 (R$ million)
Net revenue by segment in 1012 (R$ million) Steel Mining Logistics Cement Energy ™% ”
Slide 4: Consolidated results by business segment
Steel The Company’s consolidated results by business segment are presented below: R$ million 1Q12 Consolidated Results Steel Mining Logistics (Port) Logistics (Railways) Energy Cement Elimin./Corp Consolidated Net Revenue 2,399 1,194 (120) 3,896 Domestic Market 1,935 (120) 2,382 Foreign Market 1,050
Slide 5: Cost breakdown 4Q11 vs 1Q12
4Qi1 10% 22% 16%, 10% 8% ey 10% 4% % 6% Coal Coke lm CoilsandSlabs Purchased am Other Raw Material mMeintanance/GeneralCosts ml Depreciation 1Q12 11% 19% % % 11% kon Ore metals m Labor Cost energy /Fuel