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Apresentação Usiminas
2T11 - APIMEC
3Q13 ResultsWebcast
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441
538
2Q13 3Q13
1,572 1,565
2Q13 3Q13
3Q13 ResultsConsolidated highlights
Steel Sales– thousand tons
-0.4%
2
Iron Ore Sales – thousand tons
Adjusted EBITDA – R$ million
1,366
1,830
2Q13 3Q13
+22%
+34%
-22
115
2Q13 3Q13
+137
Net profit – R$ million
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Sales VolumeSteel Business - Thousand tons
3
The operational stability, integration with customers and better product mix take Usiminasto a new level of steel sales in the domestic market - the highest volume in 5 years
1,230
1,343
1,162 1,136 1,246
1,327
1,262 1,209 1,226
1,428 1,453
358 240
243 204
266
561 487522 365
144 112
1,588 1,583
1,4061,340
1,512
1,888
1,749 1,731
1,591 1,572 1,565
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Domestic market Exports Total
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117
189
83 74 100
201
57 20
178
289
376
4%
7%
3% 3%4%
7%
2%
1%
7%
10%
13%
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Adjusted EBITDA Adjusted EBITDA Margin
Adjusted EBITDA/ Adjusted EBITDA MarginSteel Business - R$ Million
4
The highest EBITDA and EBITDA margin in the Steel Business in the last 3 years
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Sales volumeMining Business – Thousand tons
5
The Mining sales volume presented a strong growthdue to the increase in the domestic sales - Historical record
1,2511,072
771
1,2371,133
994 1,043
322
60
47
1748
206
787
156
365
324
493
165 166
1,729
1,497
1,142
1,747
1,346 1,366
1,830
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Sales to Usiminas Sales to 3rd parties - DM Exports Total
+34%
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139
180
156 129111 100
56
173
144119
139
65% 68%
61%
54%
46% 47%
36%
59% 58%53%
49%
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Adjusted EBITDA Adjusted EBITDA Margin
Adjusted EBITDA / Adjusted EBITDA MarginMining Business - R$ Million
6
The Mining EBITDA margin remained at a high leveleven with the higher sales volume in the domestic market
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337365 343
218190
232
150
226
313
441
538
11%
12%
12%
8%
7% 7%
4%
7%
10%
14%
17%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
110
210
310
410
510
610
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Adjusted EBITDA Adjusted EBITDA Margin
Adjusted EBITDA/ Adjusted EBITDA MarginConsolidated - R$ Million
7
The highest EBITDA and EBITDA margin in the last 3 years
+22%
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Gross Profit, EBIT and Net Income
8
Consolidated - R$ Million
In the 3Q13, the net profit reached R$115 million
376
455
142
226
-22
115
2Q13 3Q13
Gross Profit
EBIT
Net Income
+R$84 Mi
+R$137 Mi
+R$79 Mi
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4.8
2.6 2.7
2.2
2.8
Dec/11 Dec/12 Mar/13 Jun/13 Sep/13
Working Capital
9
Consolidated - R$ Billion
Average2.6
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45
142 172
359
112
104 56
272
175
261435
673
1Q13 2Q13 3Q13 9M13
Capital Goods
Steel Processing
Mining
Steel
Capex
10
Consolidated - R$ Million
Strict CAPEX control
Total
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Net DebtConsolidated - R$ Million
11
The strong financial position allowed a better cashmanagement through voluntary debt prepayment
3,410
3,611
3,280
3,509
4.44.0
2.9
2.3
4Q12 1Q13 2Q13 3Q13
Net debt Net debt / Adjusted EBITDA (x)
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www.usiminas.com/ri
ADR
Level I
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.
Cristina Morgan C. DrumondHead of IR
Phone: 55-31-3499.8772
Fax: 55-31-3499.9357
Renata Moura [email protected]
Phone: 55-31-3499.8619
Leonardo Karam [email protected]
Phone: 55-31-3499.8550
Diogo Dias Gonç[email protected]
Phone: 55-31-3499.8710