4q13 - webcast
TRANSCRIPT
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Apresentao Usiminas2T11 - APIMEC
4Q13 and 2013 ResultsWebcast
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697
1,806
0
500
1,000
1,500
2,000
2,500
3,000
2012 2013
-598
17
2012 2013
6,115 6,754
2012 2013
Consolidated 2013 ResultsHighlights
Steel Sales thousand tons
-10%
2
Iron Ore Sales thousand tons
Adjusted EBITDA R$ million
+126%
+10%
+R$615 millions
Net Profit R$ million
844 264
6,0375,956
6,8816,220
2012 2013
Slabs
FlatProducts
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1,209 1,226 1,428 1,453 1,299
522 365 144 112
193
1,7311,591 1,572 1,565 1,492
4Q12 1Q13 2Q13 3Q13 4Q13
Domestic market Exports Total
4,043 4,914 4,871 5,044 5,407
1,588
1,6511,045
1,837 8135,631
6,5655,916
6,881
6,220
2009 2010 2011 2012 2013
Steel Business - Sales VolumeThousand tons
3
Highest volume of steel sales in the domestic market in the last 5 years
+7%
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20178
289376
308
1%
7%
10%13% 11%
4Q12 1Q13 2Q13 3Q13 4Q13
Adjusted EBITDA Adjusted EBITDA Margin
R$ Million
277
1,1512%
10%
2012 2013
Steel Business - Adjusted EBITDA /Adjusted EBITDA Margin
4
In 2013 the EBITDA Margin on the Steel Business increased 800 bps
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1,237 1,133 994 1,043 1048
1748 206
787996493
165 166
168
1,747
1,346 1,366
1,830
2,212
4Q12 1Q13 2Q13 3Q13 4Q13
Sales to Usiminas Sales to 3rd parties - DM Exports Total
4,331 4,219
446
2,0361,338
4996,115
6,754
2012 2013
Mining Business Sales volumeThousand tons
5
The Friable Project takes MUSA in other level of production and quality
+10%
+21%
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173 144119
139181
59% 58%53%
49% 47%
4Q12 1Q13 2Q13 3Q13 4Q13
Adjusted EBITDA Adjusted EBITDA Margin
439
582
49% 51%
2012 2013
+33%
Mining Business - Adjusted EBITDA / Adjusted EBITDA MarginR$ Million
6
In 2013 the MUSA presented growth of EBITDA and kept the Margin stable
+30%
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481
1,476
-473
520
-598
17
2012 2013
Gross Profit
EBIT
Net Income
+RS615 million
Consolidated - Gross Profit, EBIT and Net Income
8
R$ Million
In 2013 the companys loss was reverted into net income
+R$995 million
+R$993 million
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4.8
2.6 2.7
2.2
2.82.5
4Q11 4Q12 1Q13 2Q13 3Q13 4Q13
Consolidated - Working Capital
9
R$ Billion
Average2.6
Maintenance of the level of working capital
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Consolidated - Capex
10
R$ Million
Strict CAPEX control
3,070
1,849
976600
41
365
555
317
81
276
112
64
3,192
2,490
1,642
981
2010 2011 2012 2013
Others
Mining
Steel
Total
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Consolidated Cash, Gross Debt & Net Debt/EBITDAR$ Million
11
Remarkable decrease on gross debt and net leverage
4,661 4,239 4,736 3,990 3,469
8,071 7,851 8,0167,499
6,903
4.9 4.43.2
2.51.9
4Q12 1Q13 2Q13 3Q13 4Q13
Cash Gross Debt Net Debt/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 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.
Cristina Morgan C. DrumondHead of IR
[email protected]: 55-31-3499.8772
Fax: 55-31-3499.9357
Leonardo Karam RosaInvestor Relations Manager
[email protected]: 55-31-3499.8550
Diogo Dias GonalvesInvestor Relations Manager
[email protected]: 55-31-3499.8710