Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — National Steel — FY2010 Earnings Presentation
10 slides from Companhia Siderurgica Nacional's earnings presentation, Mar 29, 2011
Slide 1: CSN Posts Record Net Revenue of R$14.5 Billion in 2010
CSN POSTS RECORD NET REVENUE OF R$14.5 BILLION IN 2010 São Paulo, Brazil, March 28, 2011 Companhia Siderúrgica Nacional (CSN) (BM&FBOVESPA: CSNA3) (NYSE: SID) announces today its results for the fourth quarter of 2010 (4Q10) and full year 2010, in accordance with Brazilian accounting principles and
Slide 2: Adjusted EBITDA and Adjusted EBITDA Margin
‘Adjusted EBITDA (R$ MM) and Adjusted EBITDA Margin (8) 1209 2009 3009 4009 1010 2010 3010 4010
Slide 3: Bond issuances and debt maturities
On July 14, 2010, CSN, through its wholly-owned subsidiary CSN Resources S.A., issued bonds worth US$1 billion at 6.5% p.a. and maturing in July 2020, in accordance with U.S. Rule 144A and Regulation S. The issue price was 99.096% and the bonds were guaranteed by CSN. On September 16, 2010, CSN, thr
Slide 4: Consolidated Net Income
Consolidated Net Income CSN posted 2010 net income of R$2,516 million, 4% down on 2009. The improved results in the steel and mining segments were offset by the increase in other operating expenses, due to non-recurring gains recorded in 2009 and the upturn in financial expenses in 2010. Differences
Slide 5: Steel, Mining, Cement, Energy
‘Steel Mining ‘Cement Enerey es 4 ly Ptr iaied
Slide 6: tee me
RS 3,776 tee me 200 @9 RS 2,439 RS 387 tee 290 290 RS 69 aS
Slide 7: Steel market and raw material prices
Supported by higher raw material prices, especially of coal, scrap and iron ore, international steel prices began to show signs of recovery at the close of 2010, leading some steel plants to consider reactivating their blast furnaces to benefit from the upturn. According to the Brazilian Steel Insti
Slide 8: Total production costs in 4Q10
In 4Q10, total production costs came to R$1.42 billion, in line with the third-quarter figure.
Slide 9: Brazilian Exports of Iron Ore
2009 Brazilian Exports of Iron Ore 2010
Slide 10: Mining sales and net revenue
Considering CSN’s 60% interest in Namisa, sales came to 18.6 million tonnes in 2010, 6% up on 2009. According to the same criterion, 4Q10 sales volume totaled 4.5 million tonnes, 8% up on 4Q09. Net Revenue Net revenue totaled R$3.6 billion in 2010, 84% up on 2009, fueled by the increase in prices an