Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — Q3 2020 Earnings Presentation
13 slides from Companhia Siderurgica Nacional's earnings presentation, Oct 16, 2020
Slide 1: Earnings Presentation – 3Q20
Steel Mining Cement Logistics Energy Earnings Presentation – 3Q20 October 16th, 2020
Slide 2: Highlights – 3Q20
HIGHLIGHTS – 3Q20 1 Adjusted EBITDA reached R$ 3.5 billion in 3Q20, the best in the historical series, Resilient financial reflecting better costs, volumes and result face the prices challenge scenario. 1 2 2 Strong cash generation, lengthening of liabilities and new prepayment reinforced liquidity
Slide 3: Consolidated Operational & Financial Indicators
Steel Mining Cement Logistics Energy Consolidated Operational & Financial Indicators
Slide 4: Adjusted EBITDA Evolution in 3Q20
ADJUSTED EBITDA EVOLUTION IN 3Q20 Strong increase in EBITDA with positive contribution from all segments. EBITDA Impact by Segment(R$MM) +82.1% 3,506 73 16 (10) 264% ∆ 3Q20/2Q20 1,275 1,925 227 90% 70% ∆ 3Q20/2Q20 ∆ 3Q20/2Q20 Adjusted Steel Mining Cement Logistics Elimination/ Adjusted EBITDA 2Q20 E
Slide 5: Financial Indicators
FINANCIAL INDICATORS Capex (R$MM) Net Working Capital (R$MM) 4,902 3,581 3,317 610 367 459 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 Accounts Receivable Inventory Suppliers Others Adjusted Cash Flow¹ (R$MM) Adjusted Cash Flow ² (R$ MM) 3,506 (398) 814 (197) (785) 2,837 (104) 2,837 1,413 506 Ajusted EBITDA ∆ Cap
Slide 6: Leverage and Liquidity
LEVERAGE AND LIQUIDITY Strong leverage reduction through cash generation, with a 1.5x drop in the Net Debt / EBITDA ratio. Liquidity and Leverage (R$Bi) 5.17 4.78 3.81 3.85 5.09 3.65 3.67 4.10 3.72 3.64 3.77 3.50 36.9 38.3 37.5 29.8 30.6 29.3 4.1 5.2 6.9 3.2 3.0 1.9 27.6 27.4 32.8 33.1 30.6 26.6 2Q1
Slide 7: Debt Amortization Schedule
DEBT AMORTIZATION SCHEDULE CSN continues to carry out initiatives to extend the average debt term and increase liquidity 3Q20 initiatives: ✓ Payment extension abou R$ 600 million. ✓ Prepayment about US$115 million. Amortization Schedule (R$Bi) 5.2 Cash ¹ 6.3 6.2 5.6 5.6 4.0 3.4 3.4 1.4 0.7 0.3 0.1 0
Slide 8: Business Highlights
Steel Mining Cement Logistics Energy Business Highlights
Slide 9: Steel Performance
STEEL PERFORMANCE MI sales increased 50% compared to 2Q20, with emphasis on the automotive, white goods and distribution sectors. Net Revenue (R$MM) and Sales Volume (thousand tons) Average Price (R$/ton) 19.4% 3,576 +4% 3,429 +275 (+27%) 3,110 +33% 1,278 4,570 1,161 1,140 3,334 3,440 1,117 354 1,07
Slide 10: Steel Competitiveness
STEEL COMPETITIVENESS EBITDA per ton showed a strong evolution in 3Q20 due to price readjustments and better costs. Slab Cost Slab Production Volume at UPV 520 (thousand tons) 389 375 -2% +2% BF2# BF3# stoppage in 2,168 2,082 2,116 production may-20 normalization ending. 3Q19 -14% 3Q19 2Q20 3Q20 928
Slide 11: Mining Performance
MINING PERFORMANCE Sales volume returned to a high level in 3Q20, as a result of the development of new mining fronts. Net Revenue (R$MM) Total Sales Volume (million tons) 63.91 64.43 78.30 +44% 10.14 10.33 +18% 9.21 9.17 2,688 3,861 2,336 7.74 3Q19 2Q20 3Q20 Net Revenue Net Revenue per unit (USD/t)
Slide 12: Cement Performance
CEMENT PERFORMANCE The CSN Cimentos posted a 16% increase in sales volume in 3Q20 against the previous quarter, with price readjustments and cost control. Net Revenue (R$MM) Sales LTM - Domestic Market - Brazil (preliminary industry sales and market estimates) +51% 259 161 172 -9% -11% 70.9 69.6 9.2
Slide 13: Visit our website: www.csn.com.br
Visit our website: www.csn.com.br Investor Relations: Marcelo Ribeiro – CFO and IR Director Investor Relations Team: Leonardo Shinohara, Jose Henrique Triques and Guilherme Vinco invrel@csn.com.br
Companhia Siderúrgica Nacional — Q3 2020 Earnings Presentation on 6ix