Usinas Siderurgicas De Minas Gerais Sa-usiminas · BMFBOVESPA:USIM3
Usinas Siderurgicas De Minas Gerais Sa-usiminas — Usinas Siderúrgicas de Minas Gerais — Q4 2024 Earnings Presentation
41 slides from Usinas Siderurgicas De Minas Gerais Sa-usiminas's earnings presentation, Feb 14, 2025
Slide 1: Results 2024 and 4Q24 Webcast and Institutional Presentation
4Q24 Results Results 2024 and 4Q24 Webcast Institutional Presentation April 23, 2024 1 Classificação da informação: Não Confidencial
Slide 2: Summary
4Q24 Results SUMMARY WEBCAST....................................................03 INSTITUTIONAL PRESENTATION...............13 April 23, 2024 2 Classificação da informação: Não Confidencial
Slide 3: Results Presentation 2024 4Q24
4Q24 Results Results Presentation 2024 4Q24 Classificação da informação: Não Confidencial February 14, 2025 3
Slide 4: Highlights of the Year
Results Results 2024 4T24 e 4Q24 Highlights of the Year Steel Sales COGS/t Adjusted Steel Domestic Market Steel EBITDA +8% -11% +31% vs 2023 vs 2023 vs 2023 Adjusted EBITDA Net Leverage Debt issuances Bond US$ 500 M 1.6 B 0.58x Debentures -8% vs 2023 +0.63x vs 2023 R$ 1.8 B February 14, 2025 → 4 Cla
Slide 5: Consolidated Year: Steel and Ore Volumes, Adjusted EBITDA, Net Income
Results 2024 e 4Q24 Consolidated Year STEEL AND ORE VOLUMES ADJUSTED EBITDA NET INCOME kt R$ Million R$ Million 6% 6% Iron ore Volume Steel Volume 1,754 1,608 4,262 9,055 4,027 337 Exports 382 8,468 1,640 3,646 3,925 Domestic 2023 2024 Mining 28% 3 Steelmaking Mining 1 2023 2024 2023 2024 51% 49% 20
Slide 6: Consolidated Quarterly: Net Revenue, Adjusted EBITDA, Net Income
Results 2024 e 4Q24 Consolidated Quarterly NET REVENUE ADJUSTED EBITDA NET INCOME R$ Million R$ Million R$ Million 9.0% 8.0% 7.0% 6.1% 975 6,781 6,817 4.0% 6,480 6,350 6,223 625 518 426 185 416 36 247 (100) (117) 1 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24 ¹Net incom
Slide 7: Steel Unit Quarterly
Results 2024 e 4Q24 Steel Unit Quarterly STEEL SALES NET REVENUE ADJUSTED EBITDA (Kt) R$ Million and per ton (R$/t) R$ Million ∆3Q24: -3% ∆Domestic 4Q23: +5% ∆3Q24: 0% 5.8% 6.1% 6.3% 4.5% 1,126 5,658 5,577 5,498 5,502 5,523 1,041 1,037 1,042 1,057 1.2% 56 121 123 68 96 Exports 5,890 5,784 6,196 5,84
Slide 8: Steel Unit Quarterly: Variation in EBITDA
Results 2024 e 4Q24 Steel Unit Quarterly QUARTERLY VARIATION IN EBITDA R$ Million Reduction in EBITDA mainly due to lower sales volume in 4Q24 and recognition of one-off revenue in 3Q24 (vacation pay) partially offset by better price/mix and better COGS 22 19 378 366 (21) (32) 3Q24 Price/mix Volume
Slide 9: Mining Unit Quarterly
Results 2024 e 4Q24 Mining Unit Quarterly IRON ORE SALES NET REVENUE ADJUSTED EBITDA (Kt) R$ Million and per ton (US$/t) R$ Million and per ton (US$/t) ∆3Q24: -4% 2,383 31.2% ∆3Q24: +250% 2,288 2,202 ∆3Q24: 0% 20.1% 20.1% 1,962 2,015 $101 12.8% $88 5.7% $67 $66 $68 1,730 1,653 1,298 1,551 Exports $2
Slide 10: Financial Indicators 4Q24
Results 4T24 Financial Indicators 4Q24 Classificação da informação: Não Confidencial February 14, 2025 → 10
Slide 11: Consolidated Quarterly: Working Capital, Capex, Free Cash Flow
Results 2024 e 4Q24 Consolidated Quarterly CHANGES IN WORKING CAPITAL CAPEX FREE CASH FLOW** AND CASH FROM OPERATIONS* R$ Million R$ Million R$ Million 316 1,005 256 910 150 654 518 381 131 382 152 147 121 291 268 232 202 163 23 36 28 (31) 232 245 196 174 219 (260) (108) (142) (299) 4Q23 1Q24 2Q24 3
Slide 12: Consolidated Quarterly: Cash, Gross Debt, Net Debt, Leverage
Results 2024 e 4Q24 Consolidated Quarterly GROSS DEBT AMORTIZATION PROFILE - PRINCIPAL ONLY CASH, GROSS DEBT, NET DEBT AND LEVERAGE R$ Billion R$ billion Gross Debt (principal only) – 12/31/2024 -0,05x 0,22x 0,79x 0,38x 0,58x Debt Duration: R$: 43 months US$: 18 months 5,954 6.1 6.6 6.5 6.9 5.9 1,87
Slide 13: Results 2024 e 4Q24
Results 2024 e 4Q24 → 13 Classificação da informação: Não Confidencial
Slide 14: 2024 & 4Q24 Institutional Presentation
2024 & 4Q24 Institutional Presentation Classificação da informação: Não Confidencial
Slide 15: 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 16: 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 17: 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 18: 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 19: Steel: Sales Evolution and EBITDA
Siderurgia Steel Steel Sales Evolution (Thousand tons) 1,126 1,014 1,041 1,037 1,042 1,057 4,823 56 4,105 4,210 4,261 90 121 123 68 96 529 4,028 3,723 424 609 382 343 421 974 1,070 924 920 913 961 4294 3681 3601 3646 3918 3302 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 2019 2020 2021 2022 2023 2024 Domestic Mark
Slide 20: 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 (2024 - DOMESTIC MARKET, STEEL) EXPORT SALES VOLUME BY COUNTRY (202
Slide 21: 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 22: Steel: Flat steel consumption markets and 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 23: 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 24: 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 160 109 120 120 110 114 128 124 112 100 103 93 69 8,616 8,683 9,023 8,641 8,914 8,396 6,474 2,391 2,383 2,288 2,202 4,631 1,962 2,015 5,916 6,785 5,822
Slide 25: 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$235 million invested Reclaimed water Filtration plant Waste Waste + Dry Stack Flotation Water Tailings Classificação da informação: Não Confidencial 25
Slide 26: Main investments in progress - Mining
Main investments in progress - Mining Decharacterization of the Samambaia Dam 2025 ❖ ❖ ❖ ak ❖ ❖ Classificação da informação: Não Confidencial
Slide 27: Main consolidated figures (1/2)
Main consolidated figures (1/2) NET REVENUE (R$ MILLION) 6,781 6,817 6,480 6,223 6,350 33,737 949 32,471 1,599 1,048 1,024 1,139 27,638 7,546 6,499 25,869 5,205 4,160 16,088 5,183 5,175 5,325 5,869 5,341 4,323 26,191 25,972 22,433 21,709 11,765 4Q23 1Q24 2Q24 3Q24 4Q24 2020 2021 2022 2023 2024 Domes
Slide 28: Main consolidated figures (2/2)
Main consolidated figures (2/2) Investment cycle mainly focused on the CAPEX (R$ MILHÕES) refurbishment of Blast Furnace 3 at the Ipatinga Plant 654 3,000 346 131 2,184 382 364 1,483 268 232 1,084 202 163 306 2,654 523 23 799 36 28 1,820 249 245 219 209 1,177 196 174 834 590 4Q23 1Q24 2Q24 3Q24 4Q24
Slide 29: Solid financial discipline
Solid financial discipline CASH, GROSS DEBT, NET DEBT AND LEVERAGE (R$ BILLION) GROSS DEBT AMORTIZATION PROFILE - PRINCIPAL ONLY (R$ BILLION) 0.38x Gross Debt (principal only) 0.35x -0.06x 0.23x -0.05x 5,954 Debt Duration: R$: 43 months 5,973 6,891 1,877 US$: 18 months 6,304 6,202 5,921 1,105 937 (7
Slide 30: 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 31: 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 32: Usiminas Management Pillars: 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 33: Usiminas Management Pillars: 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 34: Usiminas Management Pillars: 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 35: Usiminas Management Pillars: 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 36: 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 37: 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 38: 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 39: 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 40: 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 41: Classificação da informação: Não Confidencial
Classificação da informação: Não Confidencial
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