Investor Presentaiton
(a) Breakdown and fair value
Туре
Local currency
Debentures
Export credit notes (i)
BNDES
Development promotion agency
FINAME
Syndicated loan/bilateral agreements
Others
National Total
Average annual charges
116.19% CDI / IPCA + 4,08%
117.61% CDI
TJLP +2.76% / 1.86% Pré BRL / SELIC +3.10% / IPCA +
5.31%
IPCA +1.54%
3.74% Pré BRL
6.83% Pré BRL/TJLP + 0.86%
Current
Non-current
Total
Fair value
2021 2020 2021 2020
2021 2020 2021
2020
93
7
53
267
2,561 2,511 2,654
252 1,825 259
2,564 2,608 3,214
2,092 266 2,827
129
66
1,305 1,037
1,434
1,103 1,216
1,829
9
1
69
34
78
35
79
47
9
10
4
14
13
24
12
25
38
553
591
591
11
18
28
13
39
31
34
34
258
453 4,219 5,987 4,477 6,440 4,215 8,567
Foreign currency
Eurobonds USD
Export credit notes
Loans - Law 4.131/1962 (ii)
Eurobonds - BOB
6.05% Pré USD
228
231 13,801 13,315 14,029 13,546 15,980 16,225
LIBOR +1.54% / 4.71% Pré USD
18
4 2,604
LIBOR +0.98% / 1.90% Pré USD
2
2 1,665
5.38% Pré BOB
1
1
437
697 2,622
1,387 1,667
407
438
701 2,267
1,389 1,667
408 346
725
1,389
408
Syndicated loan/bilateral agreements
LIBOR +0.99% / 5.55% Pré BOB / 9.33% Pré UYU / 14.65%
Pré TRY/1.43% Pré CAD / 1.65% EUR/ 2.17 EURIBOR
81
90
1,655
Export prepayments
Working capital
209
1,320
312
1,736
1,410 1,762
1,535
521
530
Other
IBR +2.54% / 6.16% Pré COP / 0.98% Pré PEN
Development promotion agency
Foreign Total
Total
8
368
2
29
10
397
220
368
40
5.90% Pré BOB / 0.98% Pré CAD
7
9
18
181
23
221
229
25
32
25
34
345
603
954 20,182 17,671 20,527 18,625 22,267 21,443
1,407 24,401 23,658 25,004 25,065 26,482 30,010
Current portion of long-term borrowing
Interest on borrowing
237
488
351
358
Short-term borrowing
15
561
603
1,407
(i) Some loan contracts are in the form of Export Credit Notes, which aim to finance export-related operations, and have linked swap contracts (derivative financial instrument), which aim to
exchange exposure to the floating rate CDI in reais for a fixed rate in the US dollars, with the exchange of currency from reais to dollars.
(ii) Loans related to Law 4131/1962 have swaps (derivative financial instruments) aimed at both the exchange of floating rates in LIBOR and pre-fixed to floating rates in CDI, as well as the
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