Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — National Steel — Q2 2008 Earnings Presentation
9 slides from Companhia Siderurgica Nacional's earnings presentation, Aug 20, 2008
Slide 1: 2Q08 Earnings Presentation
2Q08 Earnings Presentation August 19, 2008
Slide 2: Net Revenue and Sales Volume by Market
t= (|! Net Revenue and Sales Volume by Market Sales Volume (thousand tonnes) Net Revenue (R$ million) 3,555 14231393 1,327 2,975 2,969 3013 3,030 : L : a 2007 1908 2Q08 2007 30074007 2008 I Export Market I Domestic Market Oa
Slide 3: Sales Volume by Product and Market Segment
<3 CSN Sales Volume by Product and Market Segment tsb ru cheney Se 8% 4% 10% 12% vane Srey ro vara Srey Seen vot Rolled EE visrbution (IRIE coldRoled EI construction [JET Galvanized Home Appliance & O&M ETE Ta Paes emotive EE
Slide 4: Steel - Production Costs
é Steel - Production Costs PARENT COMPANY 2907 1908 2Q08 15% 17% 15% 22% 19% 23%, 21% 24% 6% 23% 8% om 6% 8% 10% am % ag 7% 8% 10% 10% mm Coal and Coke meron Ore mm Metals ee Other Raw Materials mm Labor wm Energy / Fuel Maintenance / General Costs mx Depreciation ¥ COAL: 2008 cost ~ R$ 250/t (avera
Slide 5: Consolidated Results
Consolidated Results EBITDA and Margin (RS millon) os ae 8 1097 2097 3007 4007 1098-2008 WM EDITDA © —O— EBITDA margin, Roturn on Capital Employed 2004 200820062007, Ln Hot Income (R§ million) zea 2,008 — 1798 Il li | i 2004 00s 2006 2007108 Return on Equity & Payout Ratio % nos as 123%
Slide 6: Debt Trends and Amortization Schedule
See (|! Debt Trends and Amortization Schedule Debt Trends (R$ million) and Net Debt/EBITDA (x) ‘Average Maturity of CSN's Gross 10 ye: 3007 4007 1908-2008, = Gross Debt = Net Debt -O— Net Debt / EBITDA Cash balance and cash equivalents are sufficient to pay most part of principal debt amounts by 201
Slide 7: Consolidated Net Result 2Q08 x 1Q08
Ze |&\! Consolidated Net Result 2Q08 x 1908 Tacome Tax RS million Financiat Provision for Social nl Conc Coton Gross 116 25 . (275) read 81 mn TE soon (60) PPE others. mm os a c= 1008 167 Net Income increased by R$ 265 million >
Slide 8: Net Debt Evolution - Dec/07 to Jun/08
FP — oe Net Debt Evolution - Dec/07 to Jun/08 RS billion Net Debt: increased RS 224 million * tnoome Tax Dec/O07 esocial” Escrow Jun/08 Contribution accounts 48 “a Investments (0.5) 1) 5.0 Dividends (1.0) and Interest on Eauty || @1) Cost of (() despite dividend payment of RS 2.1 billion
Slide 9: CSN's shares performance
ie CSN CSN’s shares performance PEELE EE SPPE SE