Companhia Siderurgica Nacional — National Steel — Q3 2014 Earnings Presentation

5 slides from Companhia Siderurgica Nacional's earnings presentation, Nov 14, 2014

Slide 1: Financial Result and Net Debt
Financial Result and Net Debt In 3Q14, CSN’s consolidated net financial result was negative by R$944 million, mainly due to the following factors: · Interest on loans and financing totaling R$707 million; · The R$119 million effect related to the complement of interest on contingencies included in t
Slide 2: Equity Result, Net Income, Capex, Working Capital
Equity Result Net Income Capex Working Capital CSN’s equity result was positive by R$198 million in 3Q14, versus a negative R$67 million in 2Q14, chiefly due to the result of the jointly-owned subsidiary Namisa. In the third quarter, the Company posted a consolidated net loss of R$250 million, basic
Slide 3: Slide 3
Slide 4: Steel – Results by segment
Steel Results by segment R$ million 3Q14 Consolidated Results Steel Mining Logistics (Port) Logistics (Railways) Energy Cement Corporate/ Eliminations Consolidated Net Revenue 2,788 (410) 3,883 Domestic Market 2,138 (316) 2,484 Foreign Market - - - - (94) 1,399 Cost of Goods Sold (2,173) (796) (33)
Slide 5: Cost of goods sold breakdown
2014 3014 9% 9% 23% 20%, aoe 656 595 8% 78 76 10% 12% 119% nae moal Coke iron Ore Metals ‘Coils and Slabs Purchased ‘= Other Raw Material ss Labor Cost sm energy / Fuel ‘mMaintanance/General Costs m Depreciation