Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — National Steel — Q4 2008 Earnings Presentation
15 slides from Companhia Siderurgica Nacional's earnings presentation, Mar 30, 2009
Slide 1: Return on Equity & Payout Ratio; Return on Capital Employed
Return on Equity & Payout Ratio (%) Return on Capital Employed 35% 28% 22%} 2003 2004 ©2005 2006-2007 24% 2008
Slide 2: Rolled Products Output - Presidente Vargas Mill
Rolled Products Output-Presidente Vargas Mill (thousand t) 549 597 448 224283 237 99 mz Semifinished Hot Rolled* Cold Rolled m4Q07 3008 * Includes shipment to CSILPR 197191 230 ik Galvanized Tin Plate m4Q08 * Includes shipment to GSD and CSI-PR.
Slide 3: Steel Production Costs - Parent Company
STEEL PRODUCTION COSTS - PARENT COMPANY 2007 2008 15% 12% 20% 24%, 5% 7 10% 9 9% 1% Coal and Coke mlron Ore Metals HICoil and Slabs Purchased _ Other Raw Materials lm Labor Costs mEnergy / Fuel mMaintenance/General Costs Depreciation
Slide 4: Sales
Sales Total Sales Volume CSN recorded annual steel sales volume of 4.89 million tonnes, 9% less than in 2007. Domestic sales and exports accounted for 85% and 15%, respectively, of the consolidated total and for 92 % and 8 %, respectively, of the parent-company total. Fourth-quarter consolidated sal
Slide 5: Sales Volume (thousand t)
2004 Sales Volume (thousand t) 2005 2006 2007 mm Domestic Market ms Export
Slide 6: Market Shares and Product Mix
Market Shares and Product Mix The Company’s share of the domestic flat steel market (hot-rolled, cold-rolled, galvanized and tin plate) reached 39% in 2008, 5 p.p. higher than in 2007, led by the galvanized market for the construction, home appliance/OEM and distribution sectors, where CSN is the ab
Slide 7: Market Share %
Market Share % 9a% Fed 45% Bed 3x Bag a m.. Hot Rolled Cold Rolled Galvanized._—‘Tin Plate 2007 2008 a” Total
Slide 8: Market Share by Product
Market Share by Product - 408 Hot Rolled Market Share by Segment - 4Q08 Distribution Construston Home Appance/OE Automotive mes foners
Slide 9: Prices; Mining Production
Prices On the domestic market, net revenue per tonne averaged R$2,551 in the 4Q08, versus R$2,448 in the 3Q08. The 4% upturn reflected the more favorable sales mix in the last quarter. Throughout 2008, CSN introduced three price increases, in March, May and July, giving the following total percentag
Slide 10: Inventories; NAMISA
INVENTORIES Iron ore inventories closed 2008 at around 11 million tonnes, 3 million tonnes less than the inventories on September 30, 2008. NAMISA On December 30, 2008, the Company concluded the alienation of 40% of NAMISA to Big Jump Energy Participações, comprising ITOCHU, JFE Steel, Nippon Steel,
Slide 11: Domestic Market and Exports Net Revenue
‘se Domestic Market Net Revenue (R$ MM) 14,003 11,441 9,800 10,0384 a4g 5 2005 ©2006-2007 2008 se Exports: Net Revenue (R$ MM) 4,029 3,555 3,013 3,030 40071008 ‘Domestic Market 3,389 4908 sm Bxports.
Slide 12: Selling, General and Administrative Expenses
Selling, General and Administrative Expenses Selling expenses totaled R$769 million in 2008, R$178 million more than in 2007, chiefly due the increased drive to sell steel products on the domestic market and higher provisions for doubtful accounts. In the 4Q08, these expenses totaled R$247 million,
Slide 13: Financial Result and Net Debt
Financial Result and Net Debt The 4Q08 net financial result was negative by R$1.39 billion, chiefly due to the following factors: Provisions for interest on loans and financing totaling R$234 million; Monetary restatement of tax provisions according to SELIC rate, amounting to R$115 million; Loss of
Slide 14: Indebtedness and Net Debt / EBITDA Ratio
Indebtedness (RS MM) and Net Debt / EBITDA* Ratio 1.290 1.27 2007 3007 «4007 1908S 2008) 3008) 4008 jem Total Debts NMINet Debt.» =O=Net Debt / EBITDA *
Slide 15: Performance: CSN x IBOVESPA
Performance: CSN x IBOVESPA CSNA3 +00 IBOVESPA. gs Sg SS BSE LSE LE LE SE LESSEE ES SS LS