GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau plans to invest BRL 3.2 billion in a new sustainable mining platform in Minas Gerais. In 2Q23, the company achieved an adjusted EBITDA of R$ 3.8 billion, with a margin of 20.8%. The North America Business Operation contributed R$ 1.8 billion to the adjusted EBITDA, with a margin of 26.1%. Free cash flow reached R$ 784 million.

SÃO PAULO, Aug. 9, 2023 /PRNewswire/ --

2Q23 Highlights

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), reaching R$ 3.8 billion, with an adjusted EBITDA margin of 20.8%.

Adjusted EBITDA from the North America Business Operation reaches R$1.8 billion, with an adjusted EBITDA margin of 26.1%, in the second quarter.

Free cash flow reaches R$ 784 million.

Gerdau (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) will invest BRL 3.2 billion between 2023 and 2026 in a new sustainable mining platform in Minas Gerais. The amount follows the cycle of investments made in the state in recent years, for modernization, technological updating, improvement of environmental practices and extension of local operations.

Additional Information

Gerdau S.A. informs that it is filling today its 2Q23 results at the Securities and Exchange Commission (SEC) and at the Comissão de Valores Mobiliários (CVM), which are available at Gerdau's website. To access this document, please click on https://ri.gerdau.com/en/notices-and-results/results-center/.

The 2Q23 Valuation Guide is also available at Gerdau's website. 

https://ri.gerdau.com/en/financial-information/valuation-guide/ 

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SOURCE Gerdau S.A.

What is Gerdau's investment plan?

Gerdau plans to invest BRL 3.2 billion in a new sustainable mining platform in Minas Gerais.

What was Gerdau's adjusted EBITDA in 2Q23?

Gerdau achieved an adjusted EBITDA of R$ 3.8 billion in 2Q23.

What was the adjusted EBITDA margin in 2Q23?

The adjusted EBITDA margin in 2Q23 was 20.8%.

How much did the North America Business Operation contribute to the adjusted EBITDA?

The North America Business Operation contributed R$ 1.8 billion to the adjusted EBITDA in 2Q23.

What was the adjusted EBITDA margin of the North America Business Operation in 2Q23?

The adjusted EBITDA margin of the North America Business Operation in 2Q23 was 26.1%.

What was Gerdau's free cash flow in 2Q23?

Gerdau's free cash flow reached R$ 784 million in 2Q23.

Where can I access Gerdau's 2Q23 results?

Gerdau's 2Q23 results can be accessed on their website at https://ri.gerdau.com/en/notices-and-results/results-center/.

Where can I find Gerdau's 2Q23 Valuation Guide?

Gerdau's 2Q23 Valuation Guide is available on their website at https://ri.gerdau.com/en/financial-information/valuation-guide/.