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    3Q16 - Webcast

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    Usiminas_RI
    Usiminas reported its financial results for the third quarter of 2016, with improvements across several key metrics compared to the previous quarter: - Steel sales volumes increased 7% while iron ore sales volumes remained stable. - Adjusted EBITDA more than quadrupled, rising from a loss of R$107 million to a gain of R$307 million, driven by higher sales volumes and prices. - Net income swung to a profit of R$68 million from a loss of R$123 million in 2Q16. - Inventory levels and working capital declined, improving operational efficiency. - The company completed a capital increase, raising over R$1 billion to strengthen its balance sheet.

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    3Q16 - Webcast

    Uploaded by

    Usiminas_RI
    13 views16 pages
    Usiminas reported its financial results for the third quarter of 2016, with improvements across several key metrics compared to the previous quarter: - Steel sales volumes increased 7% while iron ore sales volumes remained stable. - Adjusted EBITDA more than quadrupled, rising from a loss of R$107 million to a gain of R$307 million, driven by higher sales volumes and prices. - Net income swung to a profit of R$68 million from a loss of R$123 million in 2Q16. - Inventory levels and working capital declined, improving operational efficiency. - The company completed a capital increase, raising over R$1 billion to strengthen its balance sheet.

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    Usiminas reported its financial results for the third quarter of 2016, with improvements across several key metrics compared to the previous quarter: - Steel sales volumes increased 7% while iron ore sales volumes remained stable. - Adjusted EBITDA more than quadrupled, rising from a loss of R$107 million to a gain of R$307 million, driven by higher sales volumes and prices. - Net income swung to a profit of R$68 million from a loss of R$123 million in 2Q16. - Inventory levels and working capital declined, improving operational efficiency. - The company completed a capital increase, raising over R$1 billion to strengthen its balance sheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views16 pages

    3Q16 - Webcast

    Uploaded by

    Usiminas_RI
    Usiminas reported its financial results for the third quarter of 2016, with improvements across several key metrics compared to the previous quarter: - Steel sales volumes increased 7% while iron ore sales volumes remained stable. - Adjusted EBITDA more than quadrupled, rising from a loss of R$107 million to a gain of R$307 million, driven by higher sales volumes and prices. - Net income swung to a profit of R$68 million from a loss of R$123 million in 2Q16. - Inventory levels and working capital declined, improving operational efficiency. - The company completed a capital increase, raising over R$1 billion to strengthen its balance sheet.

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    © All Rights Reserved
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    Apresentao

    3Q16
    ResultsUsiminas
    2T11 - APIMEC
    Webcast
    Classification of the information: Public

    3Q16 Results Consolidated


    Main Indicators

    Steel Sales thousand tons


    959
    +7%
    899

    2Q16

    3Q16

    Adjusted EBITDA R$ million

    Iron Ore Sales thousand tons


    787

    +0.3%

    2Q16

    789

    3Q16

    Net Income (Loss) R$ million

    307
    +353%
    (107)

    68
    -13%
    (123)
    2Q16

    3Q16

    2Q16

    3Q16

    Sales Volume - Steel


    Thousand tons

    1,179

    1,205

    27%
    36%

    899

    16%

    13%

    84%

    87%

    85%

    1Q16

    2Q16

    3Q16

    73%

    64%

    3Q15

    4Q15
    Exports

    959

    903

    Domestic Market

    15%

    Adjusted EBITDA and EBITDA Margin - Steel


    R$ Million

    14%
    295

    46
    72

    (37)

    (6)
    (82)
    -4%

    50
    3%

    3%

    1
    (42)

    (1)
    (35)

    2T16

    3T16

    (52)
    (2)
    (179)
    -8%

    3T15
    Assets Sale /
    Write-off

    4T15
    Sale of Surplus
    Electric Energy

    1T16

    Adjusted EBITDA

    Adjusted EBITDA
    Margin

    Adjusted EBITDA and EBITDA Margin - Steel


    R$ Million Excluding extraordinary effects

    16%

    332

    5%

    11
    (77)

    1%

    91

    (125)

    -4%
    -6%
    3Q15

    4Q15

    Adjusted EBITDA

    1Q16

    2Q16

    3Q16

    Adjusted EBITDA Margin


    5

    Sales Volume Mining


    Thousand tons

    974

    775
    41

    734

    3Q15

    344
    670
    12

    786

    789

    171

    181

    16

    23

    658

    614

    592

    608

    4Q15

    1Q16

    2Q16

    3Q16

    Sales to Usiminas

    Sales to 3rd parties - Domestic Market

    Exports
    6

    Adjusted EBITDA and EBITDA Margin - Mining


    R$ Million

    21%
    21

    1
    -27%

    -11%
    (4)

    16%
    13

    (3)

    (1)

    2Q16

    3Q16

    (12)

    (24)

    (102)

    -119%

    3Q15

    4Q15
    Sale of Surplus Electric Energy

    1Q16
    Adjusted EBITDA

    Adjusted EBITDA Margin

    Adjusted EBITDA and EBITDA Margin - Consolidated


    R$ Million
    14%

    307

    52

    (2)
    (11)

    (1)
    (50)

    3%

    68

    72
    (41)

    1
    (44)

    1T16

    2T16

    (65)
    -3%

    3%

    (35)
    (2)

    (250)

    3T15
    Assets Sale /
    Write-off

    -10%
    4T15
    Sale of Surplus
    Electric Energy

    Adjusted EBITDA

    3T16
    Adjusted EBITDA
    Margin

    Adjusted EBITDA and EBITDA Margin - Consolidated


    R$ Million Excluding extraordinary effects
    15%

    5%

    1%
    21

    344

    111

    (52)
    -2%

    (199)

    -8%

    3Q15

    4Q15

    Adjusted EBITDA

    1Q16

    2Q16

    Adjusted EBITDA Margin

    3Q16

    G&A Expenses - Consolidated


    R$ Million

    4.5%

    4.4%

    4.2%

    4.2%
    3.9%

    101

    3Q15

    109

    4Q15
    G&A

    90

    86

    87

    1Q16

    2Q16

    3Q16

    G&A/Net Revenues
    10

    Working Capital Consolidated


    R$ Billion

    2.4

    3T15

    2.3

    4T15

    2.4

    2.2

    2.1

    1T16

    2T16

    3T16
    11

    Steel Inventories Steel Business Unit


    Thousand tons

    Inventory
    turnover
    (days)

    747
    639

    484
    439

    432

    57

    48

    48

    44

    41

    3T15

    4T15

    1T16

    2T16

    3T16
    12

    Cash Position and Indebtedness Consolidated


    R$ Million

    7,974

    7,705
    5,681

    5,577

    2,397

    2,024

    3Q15

    4Q15
    Cash

    7,282

    7,073

    6,870

    4,361

    4,530

    2,713

    2,340

    2Q16

    3Q16

    5,546

    1,736

    1Q16
    Gross Debt

    Net Debt

    The capital increase was concluded and the company received R$871 million in the 2Q16 and R$181 million in the 3Q16, summing
    R$1.052 billion of capital increase of ON and PN.

    13

    Debt Profile (Principal) - Consolidated


    R$ million

    2,340
    186

    Debt average tenor: R$ 65 months


    US$ 59 months

    2,154

    558

    Cash

    9
    (0)
    9

    7
    (1)
    8

    2016

    2017

    559

    403
    79

    323

    (1)

    86
    16
    69

    2018

    2019

    2020

    Local Currency

    1,070

    1,068

    1,068

    1,067

    201

    201

    201

    201

    744

    790

    141

    150
    870

    868

    868

    866
    640

    603

    2021

    2022

    2023

    2024

    2025

    2026

    Foreign Currency
    14

    CAPEX Consolidated
    R$ Million

    1,643
    112

    555
    981
    64

    1,110
    52
    94
    784
    50
    112

    317
    976

    964
    622

    600

    2012

    2013
    Others

    2014
    Mining

    2015

    158
    20
    131

    9M16

    Steel
    15

    ADR
    Level I

    Cristina Morgan Cavalcanti


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

    Diogo Dias Gonalves

    Leonardo Karam Rosa

    Investor Relations Manager


    diogo.goncalves@usiminas.com
    Phone: +55 31 3499-8710

    Investor Relations 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.

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