Investor Presentaiton
The effect of this acquisition can be summarized as follows:
Consideration transferred
Cash paid on acquisition of Superior
Interest held previously
Gain on measurement
Total consideration
The effect of this acquisition can be summarized as follows:
Purchase consideration
197
Cash paid on acquisition of Valley View
74
Price adjustment (working capital and net debt)
126
Total purchase consideration
397
Recognized values of identifiable assets and liabilities assumed
Amounts recognized of identifiable assets and assumed liabiities
Accounts receivable
Cash and cash equivalents
20
Inventories
Accounts receivable
Inventories
113
Property, plant and equipment
27
Prepaid expenses and other assets
Intangible assets
5
Property, plant and equipment
155
Accounts payables and other liabiities
Intangible assets
Net identifiable assets acquired
129
Right of use on lease agreements
46
Goodwill
Accounts payables and other liabiities
(96)
Lease liabilities
(46)
Total assets and liabilities
Net identifiable assets acquired
353
231
4
235
9
9
76
105
(2)
197
38
235
Goodwill
44
397
Goodwill is attributable to the workforce and profitability of the acquired
business.
(v.2) In August 2021, indirect subsidiary St. Marys acquired Valley View, an
Illinois-based aggregates company, for a total amount of USD 46 million (R$
235). Valley View operates its aggregates business through five operating
units, all located in the state of Illinois. It produces aggregates, agricultural
limestone, gravel, shale and other products for the construction and road
sectors and for the agricultural market. With this acquisition, Valley View's
aggregates business will now be managed by VCNA Prairie LLC.
Goodwill is attributable to the workforce and profitability of the acquired
business.
(v.3) In October 2021, indirect subsidiary VCEEA, acquired 100% of the share
capital of Cementos Balboa.
Cementos Balboa has a modern integrated cement plant located in sou-
thwest Spain, with an annual production capacity of 1.2 million tons of
cement. This acquisition is in line with Votorantim Cimentos' growth and
positioning strategy, and represents an important step towards increasing
competitiveness, accelerating the decarbonization program and strengthe-
ning its presence in the Iberian Peninsula. With this acquisition, the produc-
tion capacity installed in Spain increases to 4.3 million tons of cement per
year, through the operation of five integrated cement plants.
119
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