Resultados 1T14

Relaes com Investidores

APRESENTAO INTERNA

1Q17
- Dados Contbeis e Gerenciais
Webcast
- UNIGAL em equivalncia patrimonial
17/04/14
- EBITDA Ajustado com UNIGAL a 70%
Classification of the information: Public
1Q17 Results Consolidated
Main Indicators

Steel Sales thousand tons Iron Ore Sales thousand tons

657
930 -2% 643
+4%
891

4Q16 1Q17 4Q16 1Q17

Adjusted EBITDA R$ million Net (loss) Profit R$ million
23%

533 108

11% +128%
234 +R$303 million

(195)
4Q16 1Q17 4Q16 1Q17 2
Sales Volume Steel
Thousand tons

+4%
959
903 930
899 891
145 +48% 105
145 115 71

+1%
814 821 825
758 784

1Q16 2Q16 3Q16 4Q16 1Q17

Exports Domestic Market

3
EBITDA and EBITDA Margin
Steel - R$ Million

21%

14%
11%

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

1T16 2T16 3T16 4T16 1T17

4
Sales Volume Mining
Thousand tons

974

786 789
344 - -2%
171 181 657 643
- -59%
16 69 28
23

+5%

614 592 608 588 615

1Q16 2Q16 3Q16 4Q16 1Q17

Sales to Usiminas Sales to 3rd parties - Domestic Market Exports Total

5
EBITDA and EBITDA Margin
Mining R$ Million

48%

30%

21% 52

16%
21 24
13

(3) 2 0
(4) (1)

(12)
-11%

1Q16 2Q16 3Q16 4Q16 1Q17

Sale of Energy Reported EBITDA Reported EBITDA Margin

6
EBITDA and EBITDA Margin
Steel Transformation R$ Million

7%

4%
3%
2%
1%

37

22

14
9
3

1Q16 2Q16 3Q16 4Q16 1Q17

Reported EBITDA Reported EBITDA Margin

7
EBITDA and EBITDA Margin
Capital Goods - R$ Million

6%
5%

1%

8 10
1
(7) (4)
-5%
-7%

1Q16 2Q16 3Q16 4Q16 1Q17

Reported EBITDA Reported EBITDA Margin

8
EBITDA and EBITDA Margin
Consolidated - R$ Million

23%

14%
11%

3%
3% 559 533
344 307 350
234
37
117
72 52 68
(41) (44) (36) (2) (33) 1 (23) (4)
(17) 1 (6) (12)
(71)

1T16 2T16 3T16 4T16 1T17

9
9
G&A Evolution - Consolidated
R$ Million

4.4%
4.2% 4.3%
4.0%
3.9%

93
90 91
86 87

1Q16 2Q16 3Q16 4Q16 1Q17

G&A G&A/Net Revenues

10
Working Capital
Consolidated - R$ Billion

2.6
2.5
2.4
2.2 2.1

1Q16 2Q16 3Q16 4Q16 1Q17

11
Working Capital Steel Inventories
Thousand tons

Inventory
turnover
(days) 648 648

484

439 443

48 63
44 42 65

1Q16 2Q16 3Q16 4Q16 1Q17

12
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
5,692 4,609 4,684 4,464

2,713 2,416
2,340 2,257
1,736

1Q16 2Q16 3Q16 4Q16 1Q17

Net Debt Cash Gross Debt

13
CAPEX
Consolidated - R$ Million

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

14
 ADR
Level I

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 Managements
expectations in relation to future performance. These expectations are highly
dependent on market behavior, on Brazils economic situation, on the
industry and on international markets, and are therefore subject to change.