Usinas Siderurgicas De Minas Gerais Sa-usiminas · BMFBOVESPA:USIM3
Usinas Siderurgicas De Minas Gerais Sa-usiminas — Usinas Siderúrgicas de Minas Gerais — Q1 2025 Earnings Presentation
39 slides from Usinas Siderurgicas De Minas Gerais Sa-usiminas's earnings presentation, Jul 26, 2025
Slide 1: Results 1Q25 Webcast and Institutional Presentation
1Q25 Results Results 1Q25 Webcast Institutional Presentation April 23, 2024 1 Classificação da informação: Não Confidencial
Slide 2: Summary
1Q25 Results SUMMARY WEBCAST....................................................03 INSTITUTIONAL PRESENTATION...............13 April 23, 2024 2 Classificação da informação: Não Confidencial
Slide 3: Results 1Q25
Results 1Q25 Results 1Q25 April 24, 2025 → 3
Slide 4: Highlights of the quarter
Results 1Q25 1Q25 Highlights of the quarter Steel sales COGS/t Steel unit Domestic market Steel unit Adjusted EBITDA Margin +4% -2% 9% vs 4Q24 vs 4Q24 +2.4 p.p. vs 4Q24 Consolidated Consolidated Net income Adjusted EBITDA Adjusted EBITDA Margin R$733 m 11% R$337 m +41% vs 4Q24 +2.7 p.p. vs 4Q24 +R$4
Slide 5: Consolidated net revenue, adjusted EBITDA, net income
1Q25 Consolidated NET REVENUE ADJUSTED EBITDA NET INCOME R$ million R$ million R$ million 11% 8% 6,817 6,858 7% 6% 6,480 6,350 6,223 4% 733 337 518 185 416 426 36 247 (100) (117) 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 → 5
Slide 6: Steel: sales, net revenue, adjusted EBITDA
1Q25 Steel STEEL SALES NET REVENUE ADJUSTED EBITDA (Kt) R$ million per ton (R$/t) R$ million ∆Domestic 1Q24: ∆4Q24 (R$/t): ∆4Q24: +44% +9% +1% 1,126 1,093 1,037 1,042 1,057 56 5,577 5,498 5,502 5,523 5,570 9% 117 68 96 92 Exports 6% 6% 6% 5,784 6,196 5,840 6,089 5,729 1% 528 629 428 343 520 539 Expo
Slide 7: Steel EBITDA Variation
1Q25 Steel EBITDA Variation R$ million 109 528 (10) 52 12 366 4Q24 Price/mix Volume COGS Others 1Q25 April 24, 2025 → 7
Slide 8: Mining: iron ore sales, net revenue, adjusted EBITDA
1Q25 Mining IRON ORE SALES NET REVENUE ADJUSTED EBITDA (Kt) R$ million per ton (US$/t) R$ million and per ton (US$/t) ∆4Q24: 1% ∆4Q24: +20% ∆4Q24: +34% 2,288 2,202 2,217 $88 22% 20% 20% 1,962 2,015 $78 13% $67 $66 $68 6% $16 1,653 1,551 1,652 Exports 1,255 1,298 $15 $12 169 198 917 $8 206 128 174 Do
Slide 9: Financial indicators 1Q25
Results 1Q25 Financial indicators 1Q25 April 24, 2025 → 9
Slide 10: Consolidated CAPEX and free cash flow
1Q25 Consolidated Working Capital Variation and CAPEX FREE CASH FLOW** Operating Cash Flow* R$ million R$ million R$ million 518 381 382 316 152 147 121 150 268 163 (31) 23 232 219 (108) 202 (142) 36 29 28 (341) 245 219 196 174 189 (299) (260) (778) 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25
Slide 11: Cash, gross debt, net debt and amortization profile
1Q25 Consolidated CASH, GROSS DEBT, NET DEBT AND LEVERAGE AMORTIZATION PROFILE OF GROSS DEB- PRINCIPAL ONLY R$ billion R$ million Gross Debt (principal only) 0.71x 0.22x 0.79x 0.38x 0.58x Debt Duration: R$: 41 months 6,556 US$: 52 months 6.9 7.9 6.1 6.6 6.5 3,556 1.0 0.9 1.4 0.3 0.6 2,939 5.7 5.6 5.
Slide 12: 1Q25 Institutional Presentation
1Q25 Institutional Presentation Classificação da informação: Não Confidencial
Slide 13: Usiminas Culture of social, environmental and employee responsibility
1 Usiminas 2 Culture of social, environmental and employee responsibility 3 Governance and Highlights 4 Appendix Classificação da informação: Não Confidencial
Slide 14: Usiminas at a Glance
Usiminas at a Glance COMPANY OVERVIEW GEOGRAPHIC FOOTPRINT ✓ The largest producer of flat-rolled products in Brazil 1, with operations in various segments of the value chain, such as mining and logistics, steelmaking and steel processing; ✓ Two steel mills strategically located on Brazil's main indu
Slide 15: Complete Solutions in Products and Services
Complete Solutions in Products and Services Mining Steel Unit Ipatinga | Cubatão | Unigal | Mineração Usiminas Soluções Usiminas o Soluções Usiminas was incorporated into the Steel unit as of 4Q23. Created in 2009, it has a broad portfolio of products and services for the transformation and distribu
Slide 16: Usiminas Steel Operation
Usiminas Steel Operation COMPANY OVERVIEW OVERVIEW OF STEEL OPERATION ✓ One of the largest producers of flat rolled steel in Brazil ✓ Two industrial plants in Ipatinga (MG) and Cubatão (SP) ✓ Owns 70% of Unigal Usiminas, a JV with Nippon Steel engaged in steel hot-dip galvanizing, ROLLING enhancing
Slide 17: Steel EBITDA and margin
Steel Steel EBITDA (R$ mm) and EBITDA Margin (%) 9% 6% 6% 6% 528 1% 334 378 366 70 1Q24 2Q24 3Q24 4Q24 1Q25 Classificação da informação: Não Confidencial
Slide 18: Diversification of products and markets
Diversification of products and markets We have the capacity to produce a wide variety of steels, allowing us the flexibility to adjust our production according to market demands, both nationally and internationally SALES BY SEGMENT (1Q25 - DOMESTIC MARKET, STEEL) EXPORT SALES VOLUME BY COUNTRY (1Q2
Slide 19: Main investments in progress - Steel
Main investments in progress - Steel Coking plant renovation #2 New BF#3 PCI Plant Photovoltaic self-production New Gasometer 2024-2026 2025 From 2025 2027 ❖ ❖ ❖ ❖ ❖ ❖ Classificação da informação: Não Confidencial
Slide 20: Siderurgia: Steel capacity
Siderurgia Steel Flat steel consumption markets The total crude steel generation capacity is 5 million tons and is located in Ipatinga. Current capacity for generating finished products, considering the galvanizing lines (EG and HDG) and heavy plates at their maximum capacities. Galvanized Heavy Pla
Slide 21: Usiminas Iron Ore Operation (MUSA)
Usiminas Iron Ore Operation (“MUSA”) COMPANY OVERVIEW ✓ Mineração Usiminas, a joint-venture between Usiminas (70%) and Sumitomo LOGISTICS OVERVIEW Corporation (30%) ✓ Open pit iron ore mining company operating in the Serra Azul region ✓ Strategically located in the Iron Ore ✓ Licensed capacity of 9
Slide 22: Mining Unit
Mining Unit Mining Destaques Financeiros Iron Ore Sales and Price PLATTS (62% FE CFR China) Mining Business Unit - Thousand tons – Prices in US$/ton 124 112 100 103 104 2,015 2,288 2,202 2,217 1,962 1,255 1,298 1,653 1,551 1,652 169 198 128 174 139 538 520 507 477 426 1Q24 2Q24 3Q24 4Q24 1Q25 Sales
Slide 23: Mining Unit: Dry Stacking
Mineração Mining Unit Dry Stacking ✓ Disposal of tailings by the dry stacking process, replacing dams ✓ Started operation in December 2021 ✓ R$235 million invested Reclaimed water Filtration plant Waste Waste + Dry Stack Flotation Water Tailings Classificação da informação: Não Confidencial 23
Slide 24: Main investments in progress - Mining
Main investments in progress - Mining Decharacterization of the Samambaia Dam 2025 ❖ ❖ ❖ ak ❖ ❖ Classificação da informação: Não Confidencial
Slide 25: Main consolidated figures (1/2)
Main consolidated figures (1/2) NET REVENUE (R$ MILLION) 6,817 6,858 6,223 6,350 6,480 949 1,289 1,048 1,024 1,139 5,175 5,325 5,869 5,341 5,569 1Q24 1T24 2Q24 2T24 3Q24 3T24 4Q24 4T24 1Q25 1T25 Domestic Market Exports EBITDA (R$ MILLION) AND EBITDA MARGIN (%) 11% 7% 8% 6% 4% 733 416 426 518 247 1Q2
Slide 26: Main consolidated figures (2/2)
Main consolidated figures (2/2) CAPEX (R$ million) 382 268 232 202 163 219 23 36 28 29 245 196 174 219 189 1Q24 2Q24 3Q24 4Q24 1Q25 Steel Mining WORKING CAPITAL (R$ BILLION) 7.6 7 6.9 6.9 6.7 1T24 1Q24 2T24 2Q24 3T24 3Q24 4T24 4Q24 1Q25 1T25 Classificação da informação: Não Confidencial
Slide 27: Solid financial discipline
Solid financial discipline CASH, GROSS DEBT, NET DEBT AND LEVERAGE (R$ BILLION) GROSS DEBT AMORTIZATION PROFILE - PRINCIPAL ONLY (R$ BILLION) 6,556 0,22x 0,79x 0,38x 0,58x 0,72x Debt Duration: R$: 41 months US$: 52 months 3,556 2,939 2,168 6,603 6,542 6,891 7,928 6,052 3,001 1,207 706 310 998 937 1,
Slide 28: Usiminas Culture of social, environmental and employee responsibility
1 Usiminas 2 Culture of social, environmental and employee responsibility 3 Governance and Highlights 4 Appendix Classificação da informação: Não Confidencial
Slide 29: Usiminas Management Pillars: Social and Environmental Highlights
Usiminas Management Pillars Social and Environmental Highlights Highlights Program for the Recovery and The quadrivalent vaccine 216,000 hours of Márcio Cunha Hospital VOU – Usiminas Volunteers Preservation of Green Areas available free of charge for training in safety recognized by Newsweek + More
Slide 30: Fauna Conservation Monitoring Program
Usiminas Management Pillars Fauna Conservation Monitoring Program Visa identificar a presença de espécies ameaçadas de extinção, propor adoção, e analisar habitats 4 Since 200 Seedlings Species 2021 donated to identified as Monitoring municipalities endangered and Conserving Fauna Classificação da i
Slide 31: Mobiliza Caminhos do Vale Project
Usiminas Management Pillars “Mobiliza Caminhos do Vale” Project Socio-environmental projects as counterpart in Marliéria Socio-environmental considerations in Paraíso and Iapú Increase in tourism and handicraft, and helping Construction of the free flight ramp in the community of the local products
Slide 32: Education and Culture
Usiminas Management Pillars Education and Culture São Francisco Xavier School Usiminas Institute First educational institution in Brazil to obtain Usiminas invested over R$260 million, encouraging around 2,000 ISO 9001 social projects since 1993 Projects and Programs Xerimbabo Usiminas Project “Plan
Slide 33: São Francisco Xavier Foundation
Usiminas Management Pillars Social and Environmental Highlights São Francisco Xavier Foundation Márcio Cunha Hospital – Unit I Márcio Cunha Hospital – Unit II Reference center in the area of health in Brazil Internação, Atendimento Ambulatorial, Centro de Diagnóstico por Imagem e Usifamília Carlos C
Slide 34: Culture of Employee, Social and Environmental Responsibility
Culture of Employee, Social and Environmental Responsibility Usiminas translates concepts into practice, conciliating the objective of all stakeholders Employee Investments in professional training and safety prove the ongoing commitment to the qualification, development and life of More than 200,00
Slide 35: Governance and Highlights
1 Usiminas 2 Culture of social, environmental and employee responsibility 3 Governance and Highlights 4 Appendix Classificação da informação: Não Confidencial
Slide 36: Shareholders and management
Shareholders and management of renowned Usiminas' corporate governance model meets government and market requirements for publicly traded companies, preserving and encouraging transparency Total Shares Shares with voting rights (ON) 56% Preferred shares (PN) 44% Board of Directors 1.253.079.108 Albe
Slide 37: Corporate Governance
Corporate Governance Governança Corporativa (Continuação) Policies in place that guarantee investor security, transparency of actions, management control and clear communication Integrity Program Other policies to support governance Corporate Governance P Code of Ethics and Conduct P Profit Allocati
Slide 38: Appendix
1 Usiminas 2 Culture of social, environmental and employee responsibility 3 Governance and Highlights 4 Appendix Classificação da informação: Não Confidencial
Slide 39: Classificação da informação: Não Confidencial
Classificação da informação: Não Confidencial
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