Companhia Siderurgica Nacional · BMFBOVESPA:CSNA3
Companhia Siderurgica Nacional — Q2 2020 Earnings Presentation
13 slides from Companhia Siderurgica Nacional's earnings presentation, Jul 29, 2020
Slide 1: Earnings Presentation – 2Q20
Steel Mining Cement Logistics Energy Earnings Presentation– 2Q20 July 29th, 2020
Slide 2: Highlights – 2Q20
HIGHLIGHTS – 2Q20 1 The Adjusted EBITDA achieved R$1,875 MM in 2Q20, even in face of the global Resilient financial and domestic scenario due to the result face the pandemic. challenge scenario. 1 2 2 Stretching with BB and CEF, in the amount of R$ 1.7 billion, as well as advances with private banks
Slide 3: Consolidated Operational & Financial Indicators
Steel Mining Cement Logistics Energy Consolidated Operational & Financial Indicators
Slide 4: Adjusted EBITDA Evolution in 2Q20
ADJUSTED EBITDA EVOLUTION IN 2Q20 All segments contributed positively to the sharp increase in Adjusted EBITDA in 2Q20 EBITDA Impact by Segment(R$MM) +44.7% 1,925 13 57 95% 497 ∆ 2T20/1T20 1,331 27 9% 54% ∆ 2T20/1T20 ∆ 2T20/1T20 Adjusted Steel Mining Cement Elimination/ Adjusted EBITDA 1Q20 Expenses
Slide 5: Financial Indicators
FINANCIAL INDICATORS Capex (R$MM) Net Working Capital (R$MM) 5.959 3.826 3.581 446 353 367 2Q19 1Q20 2Q20 2Q19 1Q20 2Q20 Accounts Receivable Inventory Suppliers Others Adjusted Cash Flow¹ (R$MM) Adjusted Cash Flow ² (R$ MM) 1,925 (368) 465 (182) (427) 1,413 1,413 856 506 Ajusted EBITDA Joint ∆ Adjus
Slide 6: Leverage and Liquidity
LEVERAGE AND LIQUIDITY Strong cash generation prevented further increase in debt due to exchange rate variation and brought liquidity to its highest level in 4 years. Liquidity and Leverage (R$Bi) Build-up Net Debt (R$MM) 5.17x 4.78x 4.55x 5.09x 4.07x 3.85x 4.47x 3.72x 3.81x 4.10x 3.92x 3.65x 3.77x
Slide 7: Debt Amortization Schedule
DEBT AMORTIZATION SCHEDULE CSN continues to carry out initiatives to extend the average debt term and increase liquidity Initiatives 2Q20: Debt Renegotiation • Renegotiation with BB (may-20) about R$ 1,4 billion. • Renegotiation with CEF (jun-20) about R$300 million. Amortization Schedule (R$ billio
Slide 8: Business Highlights
Steel Mining Cement Logistics Energy Business Highlights
Slide 9: Steel Performance
STEEL PERFORMANCE 2Q20 performance impacted by the drop in domestic sales due to the pandemic in April and May, but with a strong recovery in June. Net Revenue (R$MM) and Sales Volume (thousand tons) Average Price (R$/ton) 19.4% 3,430 +10% -137 (-12%) 3,154 3,108 1,161 1,140 1,117 -3% 1,072 1,003 3,
Slide 10: Steel Competitiveness
STEEL COMPETITIVENESS EBITDA per ton showed a strong evolution in 2Q20 due to the price readjustment, despite the drop in volume and the marginal increase in the cost of the slab in Brazilian reais. Slab Cost Slab Production Volume at UPV 571 459 389 (thousand tons) -5% +2% BF3# BF2# 2,201 2,036 2,0
Slide 11: Mining Performance
MINING PERFORMANCE Sales volume resumed a better pace in 2Q20, resulting in a strong evolution of EBITDA in the period. Net Revenue (R$MM) Total Sales Volume (million tons) 80.90 65.70 64.50 +63% 10.14 10.33 3,091 2,688 1,646 9.21 +38% 2Q19 1Q20 2Q20 7.74 Net Revenue Net Revenue per unit (US$/t) EBI
Slide 12: Cement Performance
CEMENT PERFORMANCE The Brazilian market showed strong growth in the last quarter (13% pm) reaching 24% in June compared to the same month of 2019. Prices also followed with a strong recovery. Net Revenue (R$MM) Cement Sales Volume – Monthly (Mt) +18% Brazil - 2019 x 2020 172 +13% 146 146 +24% 5.2 4.
Slide 13: Visit our website: www.csn.com.br
Visit our website: www.csn.com.br Investor Relations: Marcelo Ribeiro – CFO and IR Director Investor Relations Team: Leonardo Shinohara, Jose Henrique Triques and Guilherme Vinco invrel@csn.com.br
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