Investor Presentaiton
AcerBrag
Net revenue:
R$2.1B
| 2000
Adjusted EBITDA:
R$595.0M
Social development
through education.
Visit the
Acrebrag website
In 2021, the Argentine
government increased
restrictions on the flow of
foreign exchange since its
foreign exchange reserves
reached the lowest levels since
2020. In addition, the country
was severely impacted by the
pandemic, which increased the
challenges of the industrial
sector. Despite that, like in the
rest of the world, the increased
demand for civil construction
materials benefited the long
steel industry.
Despite the scenario of
50.9% inflation and currency
devaluation of 23.2%, Acerbrag
had the best performance
in its history: net revenue of
R$2.1 billion and adjusted
EBITDA of R$595 million, a 79%
and 63% increase, respectively,
compared with 2020.
The good performance was
the result of (i) management
focus on operational stability
and cost control, with a
record production volume of
324,000 tonnes in 2021; (ii)
higher demand for long steel
in the country, driven primarily
by continuous activity in the
civil construction segment;
and (iii) investments in plant
modernization totaling
R$9.5 million.
With support from the
Votorantim Institute, Acerbrag
continued to implement its
social development plan,
focused primarily on education
and support for technical
schools. The company carried
out training sessions for high
school seniors in the town of
Bragado and extended the
program to technical schools in
neighboring towns. In addition,
through the Ler Foundation, it
supported elementary school
children and the Model UN
program to train young leaders.
As part of its governance
structure, Acerbrag has a Steel
Committee, made up of the
company's CEO, two executives,
and one member of the
Votorantim Board of Directors.
Long Steel
In 2021, Votorantim announced
the sale of its stake in Acerías
Paz del Río, the leader in long
steel production in Colombia,
to a group of Colombian
investors. This transaction is
part of Votorantim's investment
and portfolio diversification
strategy. In Votorantim's
2021 consolidated results,
Acerías Paz del Río was listed as
available for sale.
In addition to Acerbrag,
Votorantim holds a 15% stake
in ArcelorMittal Brasil's long
steel operations.
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