Slide 1: Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands of U.S. Dollars, except number of shares) LIABILITIES
Slide 2: Condensed Consolidated Interim Statement of Income
The accompanying notes are an integral part of this condensed consolidated interim financial information. CONDENSED CONSOLIDATED INTERIM STATEMENT OF INCOME (in thousands of U.S. Dollars, except number of shares and per share amounts)
Slide 3: Condensed Consolidated Interim Statement of Comprehensive Income
The accompanying notes are an integral part of this condensed consolidated interim financial information. CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME (in thousands of U.S. Dollars)
Slide 4: Condensed Consolidated Interim Statement of Cash Flows
(*) After giving retroactive effect to the stock bonus approved on March 31, 2005 as described in Note 7.1. Preferred treasury stock for the nine-month period ended September 30, 2005 and 2004 are not considering outstanding. The accompanying notes are an integral part of this condensed consolidated
Slide 5: Condensed Consolidated Interim Statement of Cash Flows
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS (in thousands of U.S. Dollars)
Slide 6: Notes: Operations
The accompanying notes are an integral part of this condensed consolidated interim financial information. NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (Unaudited) (in thousands of U.S. Dollars, unless otherwise stated) Operations Gerdau S.A. is a sociedade anônima incorporated as a
Slide 7: Stock compensation assumptions and consolidation
NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (Unaudited) (in thousands of U.S. Dollars, unless otherwise stated) The following assumptions were used to estimate the compensation following the fair value method for compensation in stock of Gerdau S.A. and of Gerdau Ameristeel Corp.,
Slide 8: Debt and debentures: short-term and long-term debt
As of September 30, 2005, machinery and equipment with a net book value of $357,304 was pledged as collateral for long-term debt. Debt and debentures Short-term debt Short-term debt consists of working capital loans and export advances, mainly denominated in U.S. dollars, with average interest rates
Slide 9: Long-term debt in reais and foreign currencies
IGPM (Índice Geral de Preços – Mercado – “General Index Price – Market”): Brazilian inflation index, computed by Fundação Getúlio Vargas TJLP (Taxa de Juros de Longo Prazo – “Long term interest rate”): Interest rate set by Government used to index long term loans granted by BNDES – Banco Nacional de
Slide 10: Debentures and commitments and contingencies
Debentures issued by Gerdau Debentures are denominated in Brazilian reais and bear variable interest at a percentage of the CDI rate ( Certificado de Depósito Interbancário , interbank interest rate). The annual average nominal interest rates were 18.64.%, 16.63% and 16.17% as of September 30, 2005
Slide 11: of U.S. Dollars, unless otherwise stated)
NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (Unaudited) (in thousands of U.S. Dollars, unless otherwise stated)
Slide 12: Earnings per share
Thee month period ended September 30,2005 __Three-nwnth period ended September 30, 2004 fe Befered Tul Prfaned Tul (Cttoustdsexentpar char Ga) (thoes exentpar tare Ga) Bac rumerater Divs (atest nec) declared 31.968 39686 o1s3t 15648 29209 44853 Albcadundetrbued eabes pa __1s0ga 231s 63382 _am3s 1623
Slide 13: Derivative instruments
NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (Unaudited) (in thousands of U.S. Dollars, unless otherwise stated) Derivative instruments The use of derivatives by the Company is limited. Derivative instruments are used to manage clearly identifiable foreign exchange and interest rate
Slide 14: Long lived assets and income tax reconciliation
Long lived assets include property, plant and equipment, equity investments, investments at cost and goodwill. Income tax reconciliation A reconciliation of the income taxes in the statement of income to the income taxes calculated at the Brazilian statutory rates follows:
Slide 15: Pension Plans
NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (Unaudited) (in thousands of U.S. Dollars, unless otherwise stated) Pension Plans Gerdau and other related companies in the Conglomerate co-sponsor contributory pension plans (the “Brazilian Plans”) covering substantially all employees ba