Investor Presentaiton
The essence of Votorantim's
management mandate includes
achieving the investment
objectives of its shareholders,
acting in accordance with
the pillars of its DNA, and
complying with internal
financial and dividend policies.
Under these guidelines, the
investment approach considers
macro-themes that apply both
to existing businesses and new
investments: (i) strengthening
the core business through
investments in modernization,
expansion and consolidation;
(ii) extracting greater value
from the asset base by
leveraging existing skills and
capabilities; (iii) operating
in business adjacencies,
assessing opportunities and
risks related to products and
processes; and (iv) paying close
attention to new production
and consumption patterns
and business models that can
present new opportunities and
mitigate risks.
Votorantim continues to be
focused on having a diversified
portfolio of assets, from a
geographic, industry and risk
perspective. In line with this
strategy, a series of impactful
initiatives were implemented in
2021, such as:
►IPO of CBA in Novo Mercado
segment of B3, in July 2021,
raising R$1.6 billion, of
which R$700.0 million will be
invested in organic growth
and strategic acquisitions.
► Consolidation of the energy
assets of Votorantim Energia
and CPP Investments, which
resulted in one of the largest
renewable energy platforms
in Brazil - Auren Energia
► Announcement of the
intention to create a new
joint venture focused
on the energy transition,
decarbonization and new
technologies alongside with
CPP Investments, with an
early-stage bias and broad
investment objectives
beyond traditional greenfield
renewable projects.
Establishment of Altre as
a real estate investment
platform, with acquisitions
and launches of new projects.
► Acquisition of a minority
interest in CCR, Brazil's
largest infrastructure
company.
▸ Implementation of a new
liquidity management
strategy through Janssen, a
Dutch holding company that
consolidates Votorantim's liquid
investments outside of Brazil.
► Announcement of the sale of
Votorantim's stake in Acerías
Paz del Río, the leader in long
steel production in Colombia.
All capital allocation decisions
are tested against adverse
scenarios and are based on the
organization's ability to face
challenges, considering the
qualification of its teams and
an adequate capital structure.
This diversified and careful
approach, combined with the
Objectives of the capital allocation strategy
Patient capital, non-negotiable purpose
In Companies
Capital structure that
allows for growth and
dividends
Preserving the capacity
to invest: sustaining,
modernization and
expansion
Perpetuate the
Votorantim DNA
Foster innovation
to transform the
business model
品
In the Portfolio
Financial and strategic
flexibility for large scale
investments
Diversification:
▸ Sectors;
► Geographies; and
Risk factors.
Delivering on the
investment objectives
of our shareholders
For Shareholders
Maximizing total
shareholder return
(TSR)
Long-term
sustainability of
Votorantim
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