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Apresentação Usiminas
2T11 - APIMEC
3Q15 ResultsWebcast
Classification of the information: Public
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3Q15 Results – ConsolidatedMain Indicators
Steel Sales – thousand tons
2
Iron Ore Sales – thousand tons
Adjusted EBITDA – R$ million Net (loss) Profit – R$ million
1,275
1,179
2Q15 3Q15
1,206
775
2Q15 3Q15
227
(65)
2Q15 3Q15 (781)(1,042)
2Q15 3Q15
-8%
+33%
-36%
-R$293
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Sales Volume - SteelThousand tons
3
76% 81%88%
67%64%
24%
19%12%
33%
36%
1,401
1,247 1,256 1,275
1,179
3Q14 4Q14 1Q15 2Q15 3Q15
Exports Domestic Market
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R$ Million
Adjusted EBITDA and EBITDA Margin - Steel
4
115
68
19
31
(6)
343
268
337
206
(82)
13%
11%
13%
9%
-4%3Q14 4Q14 1Q15 2Q15 3Q15
Sales of Electric Energy Surplus Adjusted EBITDA Margin
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Sales Volume – MiningThousand tons
5
1,0391,122
1,048 1,071
734
199 3991
135
41
1,2381,161 1,139
1,206
775
3Q14 4Q14 1Q15 2Q15 3Q15
Sales to 3rd parties - Domestic Market Sales to Usiminas
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Adjusted EBITDA and EBITDA Margin - MiningR$ Million
6
922
9
10 4
11
24
43
(6)
(24)
11%
27%
36%
-5%
-27%3Q14 4Q14 1Q15 2Q15 3Q15
Sales of Electric Energy Surplus Adjusted EBITDA Margin
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Adjusted EBITDA and EBITDA Margin - ConsolidatedR$ Million
7
12490
28
41
(2)
357 302
380
227
(65)
12%12%
14%
8%
-3%
3Q14 4Q14 1Q15 2Q15 3Q15
Sales of Electric Energy Surplus Adjusted EBITDA Margin
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R$ Million
G&A Evolution - Consolidated
8
112134
122108 101
3.8%
5.2%
4.6%
4.0%4.2%
3Q14 4Q14 1Q15 2Q15 3Q15
G&A G&A/Receita Líquida
-6%
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Working Capital – ConsolidatedR$ Billion
9
2.8
2.4
2.7 2.7
2.4
3Q14 4Q14 1Q15 2Q15 3Q15
-10%
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Steel Inventories – Steel Business Unit Thousand tons
Inventoryturnover(days)
883 886933
911
747
3Q14 4Q14 1Q15 2Q15 3Q15
57 64 67 64 57
-18%
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Cash Position and Indebtedness – ConsolidatedR$ Million
11
3,057 2,852 2,621 2,889 2,397
6,835 6,7027,149
7,605 8,111
3,778 3,8504,528 4,716
5,714
3Q14 4Q14 1Q15 2Q15 3Q15
Cash Gross Debt Net Debt
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CAPEX – ConsolidatedR$ Million
12
1,849
976600
964514
365
555
317
94
67
276
112
6452
35
2,490
1,643
9811,110
615
2011 2012 2013 2014 9M15
Others Mining Steel
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Industrial Reconfiguration
TEMPORARILY INTERRUPTION OF THEPRIMARY AREAS OF CUBATÃO PLANT
13
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• Flat steel consumption inthe domestic market: fall of18% in 9M15 x 9M14, with noexpectation of recovery
• Excess of global production
capacity: 735 million tons
• Continually decrease ofinternational prices
• High tax burden
• Unfair competition with
steel imports
• High energy costs
• FX Rate devaluation,increasing raw materials costs
Low demand andlowcompetitiveness
require structuraladjustments in
scale andproductivity
USIMINAS STRATEGY
Temporarily interruption of the
primary areas of Cubatão plant (Sinterand Coke plants, Blast Furnaces andSteelworks), remaining in operationsits hot and cold rolling lines and port
terminal
Scale adjustment and increase oncompetitiveness
Industrial ReconfigurationOutlook
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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
[email protected]: +55 31 3499-8772
Leonardo Karam RosaInvestor Relations Manager
[email protected]: +55 31 3499-8550
Diogo Dias GonçalvesInvestor Relations Manager
[email protected]: +55 31 3499-8710
Renata Costa CoutoInvestor Relations Analyst
[email protected]: +55 31 3499-8619