Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3

Companhia Siderurgica Nacional — Q3 2022 Earnings Presentation

20 slides from Companhia Siderurgica Nacional's earnings presentation, Nov 1, 2022

  1. Slide 1: 3Q22 Earnings Presentation

    3Q22 EARNINGS PRESENTATION November 1st, 2022

  2. Slide 2: Quarter Highlights

    QUARTER HIGHLIGHTS 1 CSN presented a commercial and operational resumption in 3Q22, with an increase in sales volume in all operating segments, highlighting the resilience of the industrial activity in the period. However, the quarter was also marked by lower prices in mining and steel, impacting th

  3. Slide 3: Consolidated Operating and Financial Indicators: Adjusted EBITDA

    CONSOLIDATED OPERATING AND FINANCIAL INDICATORS ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN ADJUSTED EBITDA EVOLUTION (BRL mm and %) (BRL mm) (548) 41% 39% -16.8% 35% 3,262 30% (654) 2,714 24% (15) 95 25 -34.3% -1.6% 58.4% ∆ 3Q22/2Q22 ∆ 3Q22/2Q22 ∆ 3Q22/2Q22 4,296 4,718 3,727 3,262 2,714 3Q21 4Q21 1Q

  4. Slide 4: Consolidated Indicators: Capex and Net Working Capital

    CONSOLIDATED OPERATING AND FINANCIAL INDICATORS CAPEX NET WORKING CAPITAL (BRL mm) (BRL mm) 787 4,301 1,343 3,242 2,744 2,733 838 839 800 81 101 159 10,564 10,441 10,429 358 409 324 744 -10,193 -9,751 -11,667 341 348 356 -2,703 -152 3Q21 2Q22 3Q22 3Q21 2Q22 3Q22 Steel Mining Other Accounts Receivabl

  5. Slide 5: Consolidated Indicators: Adjusted Cash Flow and Free Cash Flow

    CONSOLIDATED OPERATING AND FINANCIAL INDICATORS ADJUSTED CASH FLOW ADJUSTED FREE CASH FLOW ¹ - 3Q22 (BRL mm) (BRL mm) (819) 4,023 3,168 2,456 (787) 3,168 (111) 2,714 (285) 830 222 Adjusted Jointly ∆ Capex Financial Income Tax Free -2,542 EBITDA Controled NWC/Assets Result Adjusted 3Q21 4Q21 1Q22 2Q2

  6. Slide 6: Leverage, Liquidity and Net Debt

    CONSOLIDATED OPERATING AND FINANCIAL INDICATORS LEVERAGE, LIQUIDITY AND NET DEBT NET DEBT BUILD-UP (BRL Billion; Net Debt / EBITDA (x)) (BRL Billion) +3.27 140 +15.5% 120 Leverage Target 4.77 1.23 24.30 100 1.69x 21.03 0.76x 0.89x 1.31x 0.60x 0.64x 0.51 80 1.75x-1.95x 1.27x 1.63x 60 0.63x 0.62x 0.77

  7. Slide 7: Debt Amortization Schedule

    DEBT AMORTIZATION SCHEDULE Post-completion profile of the Liability Management Plan Position on 09.30.2022 Cash 15,727 Gross Debt²: BRL 39.29 Bi Sept/22 Net Debt: BRL 24.30 Bi Net Debt/EBITDA: 1.69 x Average term³: 67 months 8,348 569 6,179 538 4,256 3,896 3,645 2,795 7,779 400 1,453 2,023 1,904 5,6

  8. Slide 8: Steel

    STEEL 8

  9. Slide 9: Steel Performance

    STEEL PERFORMANCE SALES VOLUME NET REVENUE AND DM AVERAGE PRICE¹ (mil/ton.) 12.000 30.000 (BRL mm; BRL/ton.) +8.8% 25.000 7,970 7,139 1,157 1,160 20.000 6,493 1,067 1,024 15.000 982 301 Net Revenue (BRL MM) 402 10.000 Average Price (BRL/ton) 342 5.000 7,627 7,706 7,698 303 333 0 3Q21 2Q22 3Q22 EBITD

  10. Slide 10: Steel Industry Competitiveness

    STEEL INDUSTRY COMPETITIVENESS SLAB PRODUCTION VOLUME (mil/ton.) SLAB COST (USD/t; BRL/t) +15.4% 882 1,105 803 1,027 627 988 Slab Cost (BRL/t) -6% Slab Cost (USD/t) 895 890 3,703 4,386 4,133 3Q21 2Q22 3Q22 PERFORMANCE PER TON (BRL/ton.) -40% EBITDA/ton 2,906 3Q21 4Q21 1Q22 2Q22 3Q22 1,786 1,078 3Q21

  11. Slide 11: Mining

    MINING

  12. Slide 12: Mining Performance

    MINING PERFORMANCE TOTAL SALES VOLUME NET REVENUE (mil/ton.) (BRL mm) 71 66 +20.1% 53 9.09 8.18 -3% 7.72 7.57 6.93 2,804 2,608 2,527 Net Revenue Unit. Net Revenue (USD/ton) 3Q21 2Q22 3Q22 ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN (BRL mm; %) 37.2% 35.7% 32.3% -2% 1,043 Adjusted EBITDA (BRL MM) 3Q21

  13. Slide 13: EBITDA Adjusted by Provisions

    EBITDA ADJUSTED BY PROVISIONS R$ MM 120 1,480 201 450 216 1,268 125 564 336 931 916 2Q22 Provisional EBITDA Volume Mix Platts Sea Freigth Costs & EBITDA Provisional 3Q22 EBITDA Prices Past 2Q22 Ex- Other 3Q22 Ex- Prices Past EBITDA Quarters Provisions Provisions Quarters Decline in Platts prices ove

  14. Slide 14: Cement

    CEMENT

  15. Slide 15: Cement Performance

    CEMENT PERFORMANCE SALES VOLUME - CEMENT NET REVENUE (Thousand tones) (BRL mm) +50% +64% 1,890 +9.1% -10.5% 778 +5.5% 387 475 1,336 1,224 1,261 1,195 3Q21 2Q22 3Q22 EBITDA AND EBITDA MARGIN (BRL mm; %) 37.0% 34.2% 33.1% 257 Adjusted EBITDA (BRL MM) 143 163 Adjusted EBITDA Mg. % 3Q21 4Q21 1Q22 2Q22 3

  16. Slide 16: Energy

    ENERGY

  17. Slide 17: Quebra-Queixo and CEEE-G Acquisition's Closing

    QUEBRA-QUEIXO AND CEEE-G ACQUISITION’S CLOSING CSN concluded, during October, the acquisitions of the QUEBRA-QUEIXO HPP and CEEE-G, with the incorporation of assets kicking off on 4Q22. This is another important step to consolidate the strategy of seeking self-sufficiency and competitiveness in the

  18. Slide 18: Environmental and Social Management

    ENVIRONMENTAL AND SOCIAL MANAGEMENT 18

  19. Slide 19: ESG Performance

    ESG PERFORMANCE ENVIRONMENTAL MANAGEMENT GOVERNANCE ✓ Acquisition of CEEE-G as a strengthening commitment to ✓ Study of climate scenarios and processes reviewing sustainability. of the risk and opportunity management. ✓ Stability of UPV emissions compared to 2021. ✓ Executive Report: periodic monito

  20. Slide 20: Investor Relations Contacts

    Marcelo Ribeiro CFO and IR Executive Director Pedro Gomes de Souza IR Manager Danilo Dias IR Analyst Rafael Byrro IR Analyst IR Contact: https://ri.csn.com.br/en/ invrel@csn.com.br 20

Companhia Siderúrgica Nacional — Q3 2022 Earnings Presentation on 6ix