Investor Presentaiton
Notes to the consolidated financial statements
at December 31, 2021 - All amounts in millions of reais unless otherwise stated
1. General considations
Votorantim S.A. (the Company, the Parent Company, or VSA), is a long-term
Brazilian holding company. With its headquarters in the city of São Paulo,
Brazil, the Company's purpose is to manage assets and companies, and to
invest in other companies in order to further its objectives.
The Company, through its subsidiaries and associates, operates in the
following segments: building materials, finance, aluminum, clean and re-
newable energy, metals and mining, agrobusiness, long steel, real estate
and infrastructure.
1.1. Main events that occurred during the year of 2021
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(a) Prepayment of export credit note Nexa
During the first half of 2021, the subsidiary Nexa Resources S.A. (Nexa) pre-
paid the outstanding principal and accrued interest of an Export Credit Note
in Brazil in the amounts of Brasilian Reais (R$) 495 and R$ 16, respectively.
On June 28, 2021, the subsidiary Nexa prepaid the outstanding principal of a
Credit Line in the amount of United States Dollars (USD) 43 million (R$ 234)
(b) Sale of Suzano shares - VSA
On January 23, 2021, VSA sold 25,000,000 common shares in Suzano S.A
(Suzano) held by the Company, totaling a net gain of R$ 415. After the sale,
VSA held 25,180,059 common shares, corresponding to approximately
1.9% of Suzano's total and voting capital.
(c) Dividend distribution
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Nexa
On February 11, 2021, the Board of Directors of Nexa approved the distri-
bution of total dividends to shareholders of approximately USD 35 million
(R$ 121), which was paid on March 12, 2021.
During the year ended December 31, 2021, the indirect subsidiary Pollarix
S.A. (Pollarix) declared dividends of R$ 132 to minority interests held by
Votorantim Geração de Energia S.A., an intercompay.
(d) Use of a Committed Credit Facility by St. Marys Cements Inc.
(St. Marys)
During 2021, to face the period of seasonality in the northern hemisphere,
the indirect subsidiary St. Marys made an additional withdrawal from the
revolving credit line Committed Credit Facility. As of December 31, 2021,
the amount used under this credit facility totaled the equivalent of USD 46
million, considering the exchange rate on the withdrawal dates for amounts
withdrawn in Canadian dollars. The amount of USD 244 million remained at
the disposal of the Company's subsidiaries for further withdrawals.
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