Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — National Steel — Q3 2010 Earnings Presentation
8 slides from Companhia Siderurgica Nacional's earnings presentation, Oct 29, 2010
Slide 1: CSN Maintains EBITDA Margin Over 46% in 3Q10
CSN MAINTAINS EBITDA MARGIN OVER 46% IN 3Q10 São Paulo, Brazil, October 28, 2010 Companhia Siderúrgica Nacional (CSN) (BM&FBOVESPA: CSNA3) (NYSE: SID) announces today its results for the third quarter of 2010 (3Q10) , in accordance with Brazilian accounting principles, and denominated in Brazilian R
Slide 2: Economic and Sector Scenario
(* ) last 12 months Economic and Sector Scenario Brazil Brazil remains on the spotlight of the world economic scenario and continues to attract investments: the Central Bank expects direct foreign investments of more than US$30 billion in 2010, according to the Central Bank’s FOCUS report. The busin
Slide 3: Production Costs (Parent Company)
Production Costs (Parent Company) CSN’s total production costs stood at R$1,441 million in 3Q10, very close to the 2Q10 figure of R$1,433 million, with the increase in raw material costs being offset by an equivalent reduction in general manufacturing costs. Raw materials: increase of R$37 million,
Slide 4: Steel Production Costs Breakdown
8% 21% ia 20% 18% B® & 9 10% 5% 108 » * 10% coat coke seron ore vette Coil and stabs Purchased smother Raw wateriats tabor cost smenergy / Fuel leMaintenance / General Costs = Depreciation
Slide 5: Prices and Mining Production
Prices In 3Q10, net revenue per tonne averaged R$2,055, less than 1% below the 2Q10 figure, impacted by the period reduction in prices and mix of products sold. Mining PRODUCTION Own production of finished iron ore products 1 totaled 6.9 million tonnes in 3Q10, remaining flat over the previous quart
Slide 6: Selling, General and Administrative Expenses
Selling. General and Administrative Expenses SG&A expenses totaled R$318 million in 3Q10, in line with the R$304 million recorded in the previous quarter. In the first nine months, these expenses came to R$937 million, 16% up year-on-year, primarily reflecting increased efforts on the sales front. O
Slide 7: Income Taxes, Net Income and Capex
Income Taxes The Income Tax and Social Contribution effective rate increased from 16% in 2Q10 to 28% in 3Q10, reflecting exchange variation results from companies based overseas denominated in Reais. Consequently, in 3Q10 Income tax and Social Contribution expenses totaled R$286 million, R$116 milli
Slide 8: Base Performance: CSN x IBOVESPA
Base 100 Performance: CSN x IBOVESPA In the last 5 years, CSN's shares have appreciated by 700 361%, more than three times higher than the IBOVESPA’s 120% upturn in the same period. CSNA3 100 IBOVESPA PEPE PEP PEEP EREEE REESE