Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — National Steel — Q3 2009 Earnings Presentation
8 slides from Companhia Siderurgica Nacional's earnings presentation, Nov 4, 2009
Slide 1: Consolidated Highlights
Consolidated Highlights 3Q08 2Q09 3Q09 3Q09 x 3Q08 (Chg%) 3Q09 x 2Q09 (Chg%) Crude Steel Production (thousand t) 1,337 1,177 -12% 35% Steel Sales Volume (thousand t) 1,265 1,320 4% 39% Domestic Market 1,111 -20% 11% Export Market 182% 186% Net Revenue per unit (R$/t) 2,421 1,960 1,667 -31% -15% Fina
Slide 2: Production Costs (Parent Company)
Production Costs (Parent Company) CSN’s total steel production costs came to R$1,037 million in the 3Q09, 11% or R$104 million up on the previous quarter, essentially due to the substantial period increase in crude and rolled steel output, which resulted in higher consumption of raw materials and ot
Slide 3: Sales
Sales Total Sales Volume CSN’s flat steel sales volume totaled 1,320,000 tonnes in the 3Q09, 39% up on the previous three months. Year-to-date sales volume came to 2.9 million tonnes, 27% down on the first nine months of 2008. Domestic Market In 3Q09, flat steel domestic sales amounted to 884,000 to
Slide 4: Prices
Prices Thanks to discounts conceded and the change in the product mix, net revenue per tonne averaged R$ 1,968 on the domestic market in the 3Q09, 5% down on the 2Q09.
Slide 5: Selling, General and Administrative Expenses
Selling, General and Administrative Expenses SG&A expenses totaled R$373 million in the 3Q09, R$51 million higher than the 2Q09 figure, essentially due to higher freight, insurance and third-party service costs. In the first nine months, these expenses came to R$970 million, 13% up year-on-year, chi
Slide 6: Financial Result and Debt
Financial Result and Debt The 3Q09 net financial result was negative by R$115 million, chiefly due to the following factors: • Provisions for interest on loans and financing totaling R$265 million; • Monetary restatement of tax provisions, amounting to R$60 million; • Gains of R$110 million from mon
Slide 7: Income Taxes
Income Taxes Income tax and social contribution totaled R$193 million in the 3Q09, R$81 million less than in the 2Q09, chiefly due to the period reduction in taxable income. Net Income CSN posted a 3Q09 net income of R$1.15 billion, R$815 million up on the 2Q09, largely due to the improved operating
Slide 8: Performance: CSN x IBOVESPA
Base 100 300 200 m0 600 soo 400 300 200 100 Performance: CSN x IBOVESPA In the last 5 years, CSN’s shares have appreciated by more than 480%, almost three times higher than the IBOVESPA s 176% appreciation in the same period. IBOVESPA : oe @ ge bd ge eo os SESS, 3 Ss gf Se Sf Ss gh ers of