Investor Presentaiton
In terms of strategy, we have
made substantial progress at
our portfolio companies and in
creating new opportunities for
growth. We did the IPO of CBA,
paving the way for a new wave
of value accretive investments
in the aluminum segment. We
announced the consolidation
of the energy assets held
by Votorantim Energia and
CPP Investments in Brazil,
resulting in the creation of
one of the largest renewable
energy platforms in Brazil -
Auren Energia. At Votorantim
Cimentos, we advanced on our
international growth strategy
through acquisitions in Spain
and the conclusion of the
combination of our business
in North America with McInnis,
together with a new partner,
the Canadian pension fund
Caisse de dépôt et placement
du Québec (CDPQ). And in real
estate, Altre gained scale with
two important acquisitions and
new project initiatives.
We also advanced our
strategy of new investments
directly through the holding
company
- Votorantim S.A.,
with important moves in the
area of infrastructure, with
the acquisition of shares.
in CCR one of the largest
concession and mobility
platforms in Latin America,
and in the management of our
international liquidity.
In financial services, banco
BV also had historical record
results in 2021, maintained
its leadership in auto finance in
Brazil for the 9th consecutive
year and is quickly evolving its
digital banking platform.
These initiatives make strategic
sense as we look at them today
and they create optionality
for further investments to
continue to evolve our business
model. They also reflect a
portfolio logic, as we maintain
our diversification from a
geographic, industry and risk
perspective. Finally, they reflect
the leadership and courage
of our management teams
under such complex operating
conditions.
During the year, the companies
also advanced the ESG agenda
aligned with their business
strategies by developing plans,
setting goals, and making public
commitments, with a particular
emphasis on the environmental
agenda and decarbonization
initiatives.
From an ESG perspective,
we also have two levers
that enhance our portfolio
companies' ability to address
issues aligned with their
strategy. One of them is
Reservas Votorantim, which
focuses on environmental
assets and manages Legado
das Águas, the largest private
Atlantic Forest reserve in Brazil,
where we have developed a
business model that is part
of the answer to integrating
biodiversity into the economy
and leveraging solutions to
climate change. The other is the
Votorantim Institute, a partner
of the portfolio companies
in the development of social
and environmental strategies
in the municipalities where we
operate, in addition to its focus
on major topics of national
interest, such as education
and citizenship. In 2021,
Instituto Votorantim launched
iV Ventures, one of the first
venture funds in Brazil focused
on impact investing in the areas
of water, sanitation, housing
and the low carbon economy,
with funds from Votorantim and
our portfolio companies.
In 2021, Votorantim also
partnered with FCLTGlobal
(Focusing Capital on the
Long Term), a non-profit
organization that develops
studies, research, and tools
to promote investments and
business strategies focused
on the long term. We are
thrilled to represent Brazil
and Latin America in such
important debates, bringing
light to matters related to the
communities and markets in
which we operate.
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