Investor Presentaiton
Basis of Preparation
1. Introduction
This document is the basis
of preparation for the 2021
Annual Report of Votorantim
S.A. (Votorantim). It serves to
specify the boundaries and
parameters defined during
the preparation of the Report,
as well as to ensure that it
complies with the necessary
criteria for information
assurance.
Votorantim is a Brazilian family-
owned company, with a long-
term investment horizon. Its
portfolio companies are present
in 15 countries, operating in
the building materials, finance,
aluminum, clean and renewable
energy, metals and mining,
orange juice, long steel, real
estate and infrastructure sectors.
Limited assurance is provided
by PwC; its scope will be a
selection of GRI Standards
to be listed in the Limited
Assurance Report prepared by
the independent auditors.
To ensure the commitment to
transparency and accountability
to all stakeholders, the Annual
Report for the year 2021
complies with the GRI Standards
- Core Option and its content is
correlated with the Sustainable
Development Goals (SDGs) of
the United Nations (UN).
2. Organizational
boundaries and
exceptions in the scope
of the Report
The 2021 Annual Report follows
the boundaries of Votorantim's
operations. It addresses the
strategic management, initiatives
and results of the holding
company and, where specified,
of the businesses conducted
in the portfolio companies, in a
complementary way.
The operational, social and
environmental performance,
especially in the standards
annex, consolidates
information from Reservas
Votorantim, the Votorantim
Institute and the portfolio
companies Votorantim
Cimentos, banco BV, CBA,
Votorantim Energia (including
the joint venture with CPP
Investments), Nexa, Citrosuco
(crop year July 2020 to June
2021) and Acerbrag. The
Report does not include
Acerías Paz del Rio, which was
includes in previous reports,
due to Votorantim's divestment
in the company.
Due to the differences and
particular characteristics of the
businesses, the consolidation
of data may have limitations,
which will be described
throughout this Basis of
Preparation. Specific and
detailed information about each
portfolio company is available in
their individual reports.
3. Accounting information,
currencies and
conversions
The accounting information
published in the 2021 Annual
Report was compared by the
reporting organization with
the information available in
the consolidated financial
statements for the same period,
which was also audited by an
independent third party, PwC.
The company's functional and
reporting currency is the Brazilian
Real. For the purposes of the
financial results included in the
Annual Report, foreign currencies
used by different operations
were converted into reais. The
financial results of portfolio
companies with a functional
currency that differs from the
reporting currency are presented
in their functional currency.
4. Reporting systems
The collection of information
for the production of the
Report included interviews with
Votorantim leaders and access
to documents and materials
produced throughout the year.
The standards annex includes
consolidated information on
Votorantim and the portfolio
companies. Quantitative data
is managed by the operational
areas through information
technology systems and records
based on manual controls. To
identify and consolidate them
according to the same standard,
indicator collection forms are
used and systematically reviewed
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