Votorantim 3Q Financial Results slide image

Votorantim 3Q Financial Results

Votorantim (R$ million) Consistent operating results in the face of a challenging Net Revenues economic scenario 7,388 207 306 21 433 104 +10% (46) 8,413 +8% +32% +6% +34% 14% 579 Net Income 1,101 600 (81) Zinc & 3Q14 Cement Aluminum Nickel Long Byproducts Steel Others(1) 3Q15 3Q14 9M14 3Q15 9M15 Adjusted EBITDA 2,409 (111) (572) -11% (9) 25 60 (168) 1,634 -72% -39% +9% +65% -32% 3Q14 Cement Aluminum Nickel Zinc & Long Byproducts Steel Others(1) 3Q15 Margin % 33% 19% (1) Includes Holding, Votorantim Energia, Baesa, Enercan, eliminations and others Highlights Revenues increased by 14% to R$8.4 billion, a new quarterly record. EBITDA would have improved by 7% excluding the gain from the energy auction in 3Q14 (R$882 million). Net income totaled R$600 million in 2015.
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