Investor Presentaiton
As a consequence of these
exceptional results, in 2021,
Moody's upgraded Votorantim's
rating from Bal to Baa3 with a
stable outlook, highlighting the
diversified portfolio and cost-
competitive operations of the
portfolio companies in addition
to a positive scenario for the
sectors in which the company
operates. Thanks to that, the
holding company became part
of a select group of Brazilian
companies with an investment
grade rating by the three main
global credit rating agencies:
Moody's, S&P Global Ratings,
and Fitch Ratings.
The high level of transparency
that marks Votorantim's
relationship with investors,
analysts, and creditors-in
line with that of publicly
traded companies—was also
highlighted by the agencies.
To communicate with investors
and analysts, Votorantim
maintains a dedicated space on
its Investor Relations website,
which includes, among other
information, operating and
financial results and market
announcements.
Visit the Investor
Relations website
NET PROFIT
In BRL billions
(3.1)
NET DEBT/ADJUSTED EBITDA
GROSS DEBT BY TYPE
TOTAL IN 2021: R$25.0 BILLION
(x times)
1.67
3% 2%
7.1
1.37
6%
0.92 0.87 0.87
10%
21%
58%
Bonds
Bank loans
Debentures.
Development agencies.
Export credit
2020
2021
Dez./20 Mar./21 Jun./21 Set./21 Dez./21
27
Others
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