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Resultados 1T14 Relações com Investidores APRESENTAÇÃO INTERNA
Resultados 1T14
Relações com Investidores
APRESENTAÇÃO INTERNA

1Q17

- Dados Contábeis e Gerenciais

Webcast

- UNIGAL em equivalência patrimonial

- EBITDA Ajustado com UNIGAL a

70%

17/04/14

Classification of the information: Public

1Q17 Results Consolidated

Main Indicators

Steel Sales thousand tons

+4%

Main Indicators Steel Sales – thousand tons +4% 930 891 4Q16 1Q17 A d j u

930

891

Main Indicators Steel Sales – thousand tons +4% 930 891 4Q16 1Q17 A d j u
Main Indicators Steel Sales – thousand tons +4% 930 891 4Q16 1Q17 A d j u

4Q16

1Q17

Adjusted EBITDA R$ million

23% 533 11% +128% 234 4Q16 1Q17
23%
533
11%
+128%
234
4Q16
1Q17

Iron Ore Sales thousand tons

657

-2%

234 4Q16 1Q17 Iron Ore Sales – thousand tons 657 -2% 643 4Q16 1Q17 Net (loss)

643

4Q16 1Q17 Iron Ore Sales – thousand tons 657 -2% 643 4Q16 1Q17 Net (loss) Profit
4Q16 1Q17 Iron Ore Sales – thousand tons 657 -2% 643 4Q16 1Q17 Net (loss) Profit

4Q16

1Q17

Net (loss) Profit R$ million

108 +R$303 million (195) 4Q16 1Q17
108
+R$303 million
(195)
4Q16
1Q17

2

Sales Volume Steel

Thousand tons

+4%

903

 

959

903   959 9 3 0

930

899

 

891

 

145

115

145

71

+48%
+48%

105

     

+1%

 

758

784

814

821

758 784 814 821 825

825

1Q16

2Q16

3Q16

4Q16

1Q17

  +1%   758 784 814 821 825 1Q16 2Q16 3Q16 4Q16 1Q17 Exports Domestic Market

Exports

  +1%   758 784 814 821 825 1Q16 2Q16 3Q16 4Q16 1Q17 Exports Domestic Market

Domestic Market

EBITDA and EBITDA Margin

Steel - R$ Million

21%

14% 11% 3% 3% 488 465 342 332 295 224 25 46 93 72 50
14%
11%
3%
3%
488 465
342
332 295
224
25
46
93
72
50
(37)
(35)
(23)
(14)
1
(42)
(2)
(2)
1
(34)
(14)
1
(1)
(71)
1T16
2T16
3T16
4T16
1T17

4

Sales Volume Mining

Thousand tons

974

786 789 344 - -2% 171 657 181 643 -59% - 16 28 69 23
786
789
344
-
-2%
171
657
181
643
-59%
-
16
28
69
23
+5%
614
592
608
615
588
1Q16
2Q16
3Q16
4Q16
1Q17
+5% 614 592 608 615 588 1Q16 2Q16 3Q16 4Q16 1Q17 Sales to Usiminas Sales to

Sales to Usiminas

592 608 615 588 1Q16 2Q16 3Q16 4Q16 1Q17 Sales to Usiminas Sales to 3rd parties

Sales to 3rd parties - Domestic Market

592 608 615 588 1Q16 2Q16 3Q16 4Q16 1Q17 Sales to Usiminas Sales to 3rd parties

Exports

Total

EBITDA and EBITDA Margin

Mining R$ Million

48% 30% 52 21% 16% 21 24 13 2 0 (3) (1) (4) (12) -11%
48%
30%
52
21%
16%
21
24
13
2
0
(3)
(1)
(4)
(12)
-11%
1Q16
2Q16
3Q16
4Q16
1Q17
Sale of Energy
Reported EBITDA
Reported EBITDA Margin

EBITDA and EBITDA Margin

Steel Transformation R$ Million

7%

4% 3% 2% 1%
4%
3%
2%
1%
Steel Transformation – R$ Million 7% 4% 3% 2% 1% 3 1Q16 2Q16 Reported EBITDA 3Q16
Steel Transformation – R$ Million 7% 4% 3% 2% 1% 3 1Q16 2Q16 Reported EBITDA 3Q16
Steel Transformation – R$ Million 7% 4% 3% 2% 1% 3 1Q16 2Q16 Reported EBITDA 3Q16

3

1Q16

2Q16

Transformation – R$ Million 7% 4% 3% 2% 1% 3 1Q16 2Q16 Reported EBITDA 3Q16 4Q16

Reported EBITDA

3Q16

4Q16

Reported EBITDA Margin

1Q17

EBITDA and EBITDA Margin

Capital Goods - R$ Million

6% 5% 1% 10 8 1 (4) (7) -5% -7% 1Q16 2Q16 3Q16 4Q16 1Q17
6%
5%
1%
10
8
1
(4)
(7)
-5%
-7%
1Q16
2Q16
3Q16
4Q16
1Q17
Reported EBITDA
Reported EBITDA Margin

EBITDA and EBITDA Margin

Consolidated - R$ Million

(17)

37

72

(41)

23% 14% 11% 3% 3% 559 533 350 307 234 52 68 (33) (23) (2)
23%
14%
11%
3%
3%
559
533
350
307
234
52
68
(33)
(23)
(2)
1
(4)
1
(6)
(12)
(71)
1T16 2T16 3T16 4T16 1T17 9 9
1T16
2T16
3T16
4T16
1T17
9
9

G&A Evolution - Consolidated

R$ Million

4.4% 4.3% 4.2% 4.0% 3.9% 93 91 90 87 86 1Q16 2Q16 3Q16 4Q16 1Q17
4.4%
4.3%
4.2%
4.0%
3.9%
93
91
90
87
86
1Q16
2Q16
3Q16
4Q16
1Q17
G&A
G&A/Net Revenues

Working Capital

Consolidated - R$ Billion

2.6 2.5 2.4 2.2 2.1 1Q16 2Q16 3Q16 4Q16 1Q17
2.6
2.5
2.4
2.2
2.1
1Q16
2Q16
3Q16
4Q16
1Q17

Working Capital Steel Inventories

Thousand tons

Inventory turnover 648 648 (days) 484 439 443 63 48 44 42 65 1Q16 2Q16
Inventory
turnover
648
648
(days)
484
439
443
63
48
44
42
65
1Q16
2Q16
3Q16
4Q16
1Q17

Cash Position and Indebtedness (with interest money)

Consolidated - R$ Million

Duration: R$:

51 months

US$: 51 months

7,428 7,238 6,948 6,942 6,879 4,525 4,609 4,684 4,464 5,692 2,713 2,340 2,416 2,257 1,736
7,428
7,238
6,948
6,942
6,879
4,525
4,609
4,684
4,464
5,692
2,713
2,340
2,416
2,257
1,736
1Q16
2Q16
3Q16
4Q16
1Q17
Net Debt
Cash
Gross Debt

CAPEX

Consolidated - R$ Million

70 67 2 4 5 50 14 3 6 37 2 64 10 23 48
70
67
2
4
5
50
14
3
6
37
2
64
10
23
48
3
42
3
25
18
1Q16
2Q16
3Q16
4Q16
1Q17
Others
Mining
Steel
ADR Level I Cristina Morgan Cavalcanti Head of IR cristina.morgan@usiminas.com Phone: +55 31 3499-8772 Leonardo

ADR

Level I

ADR Level I Cristina Morgan Cavalcanti Head of IR cristina.morgan@usiminas.com Phone: +55 31 3499-8772 Leonardo Karam
ADR Level I Cristina Morgan Cavalcanti Head of IR cristina.morgan@usiminas.com Phone: +55 31 3499-8772 Leonardo Karam

Cristina Morgan Cavalcanti

Head of IR cristina.morgan@usiminas.com Phone: +55 31 3499-8772

Leonardo Karam Rosa

IR Manager

leonardo.rosa@usiminas.com

Phone: +55 31 3499-8550

www.usiminas.com/ri

Declarations relative to business perspectives of the Company, operating and financial results and projections, and references to the growth of the Company, constitute mere forecasts and were based on Management’s expectations in relation to future performance. These expectations are highly dependent on market behavior, on Brazil’s economic situation, on the industry and on international markets, and are therefore subject to change.

on Brazil’s economic situation, on the industry and on international markets, and are therefore subject to