Steel sales volume above guidance, with 1,021 thousand tons;
Stable ore sales volume, at 2.4 million tons;
Adjusted EBITDA of -R$20 million in the quarter;
Increase of R$780 million in CAIXA with reduction in Working Capital and reduction in Leverage to 0.21x;
BF#3 Relining completed and start of operations in the next few days
2
3Q23 Results - Consolidated
Net Revenue
R$ million
8,434
7,660
7,255
6,887
6,714
3Q22
4Q22
1Q23
2Q23
3Q23
Net Income
R$ million
609
544
287
(166)
(839)
Adjusted EBITDA
R$ million
10%
8%
11%
5%
0%
836
783
579
366
(20)
3Q22
4Q22
1Q23
2Q23
3Q23
Reduction in Net Revenue in all Business Units;
Reduction in EBITDA due to lower results from the Steel Unit;
Reduction in Net Income due to lower operational and financial results.
3Q22
4Q22
1Q23
2Q23
3Q23
3
3Q23 Results - Steel Unit
Sales 5% higher than 2Q23, above the published guidance;
Net Revenue/t falling, mainly due to lower prices and lower quality mix in Exports.
Steel Sales - thousand tons
∆2Q23: +5% ∆3Q22: -2%
1,047
1,035
1,021
Net Revenue (R$ million) and per ton
(R$/ton)
7,119
6,819
∆2Q23: -8%
6,177
∆3Q22: -21%
6,147
5,635
Adjusted EBITDA (R$ million)
5% 4% 7% 3%
109
963
101
972
90
Exports
92
70
7,451
6,569
808
6,390
5,976
5,754
761
617
493
Exports
484
401438
-4%
∆2Q23: -R$434 mi
∆3Q22: -R$652 mi
938 872 934 902 931 Domestic
3Q22
4Q22
1Q23
2Q23
3Q23
Domestic: ∆2Q23: +3%
∆3Q22: -1%
6,643
5,809
5,773
5,484
5,270 Domestic
3Q22
4Q22
1Q23
2Q23
3Q23
Net Revenue/ton
264184
(251)
3Q22 4Q22 1Q23 2Q23 3Q23
4
3Q23 Results - Steel Unit
Reduction in EBITDA mainly due to lower prices, partially offset by lower COGS/t (-1.6%).
Quarterly variation in EBITDA (R$ million)
5
3Q23 Results - Mineração Usiminas
Sales volume stable compared to 2Q23;
Reduction in NR/t due to the higher proportion of sales without sea freight and lower quality mix.
Iron Ore Sales - thousand tons
Total Net Revenue (R$ million) and per ton
for Exports (US$/ton)
∆2Q23: -0%
∆2Q23: -5%
∆3Q22: +7%
$89
∆3Q22: +1%
$82
$76
$77
$72
2,400
2,398
2,391
2,242
1,883
1,543
1,665
1,238
1,895
1,753 Exports
110
122
148
256
422
3rd Parties
833
812
784
905
793
589
613
497
248
215
Usiminas
3Q22
4Q22
1Q23
2Q23
3Q23
3Q22
4Q22
1Q23
2Q23
3Q23
Net Revenue Exports/ton
Adjusted EBITDA (R$ million and
US$/ton)
32%
19%
21%
16%
16%
∆2Q23: -12%
$26
∆3Q22: -18%
$13
$14
$12
$11
157
171
254
147
129
3Q22
4Q22
1Q23
2Q23
3Q23
Adjusted EBITDA/ton
6
3Q23 Results- Soluções Usiminas
Sales volume practically stable compared to 2Q23;
Increase in EBITDA mainly due to the reduction in COGS/ton.
Steel Sales - thousand tons
Net Revenue (R$ million and R$/ton)
∆2Q23: -1%
∆2Q23: -3%
∆3Q22: -9%
7,911
∆3Q22: -16%
7,392
7,202
6,910
6,675
332
298
296
304
301
2,629
2,203
2,134
2,100
2,009
3Q22
4Q22
1Q23
2Q23
3Q23
3Q22
4Q22
1Q23
2Q23
3Q23
Net Revenue/ton
Adjusted EBITDA (R$ million)
6%
3%
2%
0%
1%
148
∆2Q23: +R$26 mi
∆3Q22: -82%
65
50
28
2
3Q22
4Q22
1Q23
2Q23
3Q23
7
Financial Indicators
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USIMINAS - Usinas Siderúrgicas de Minas Gerais SA published this content on 30 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 11:40:05 UTC.
Usinas Siderurgicas de Minas Gerais S.A. - Usiminas is one of the leading Brazilian steel producers. Net sales (including intragoup) break down by activity as follows:
- sales of steel products (68.8%): flat, galvanized, hot and cold rolled steel as well as steel bands, sheets, pipes, parts, equipment, and structures for the automotive, naval, electronic industries, etc.;
- steel processing (22.5%);
- iron ore extraction (8.7%). The group also offers logistics services (storage, handling, cargo transportation, and operation of highway and railway cargo terminals)
- other (1.2%).
Brazil accounts for 87.1% of net sales.
USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS 
