Gerdau S.A. - Consolidated Information

Rhea-AI Summary

Gerdau S.A. (NYSE: GGB) reported a remarkable increase in consolidated EBITDA, reaching R$ 3.1 billion in 4Q20, nearly tripling the previous year's figures. The net debt to EBITDA ratio improved to 1.25x, down from 1.67x at the end of 2019. Additionally, the company generated R$ 2.4 billion in free cash flow during the same quarter. Gerdau remains the sole steel producer listed on Brazil’s Carbon Efficient Index (ICO2) and achieved a B- rating in the CDP Climate Change module.

Positive

• Consolidated EBITDA increased to R$ 3.1 billion in 4Q20, nearly 3 times higher than 4Q19.
• Net debt to EBITDA ratio improved to 1.25x as of December 2020, down from 1.67x in 2019.
• Free Cash Flow for 4Q20 was R$ 2.4 billion.
• Only steel producer in the Carbon Efficient Index (ICO2) in Brazil.

Negative

• None.

SÃO PAULO, Feb. 24, 2021 /PRNewswire/ -- Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) -- The consolidated EBITDA amounted R$ 3.1 billion in 4Q20, almost 3 times higher than 4Q19.

The net debt LTM EBITDA ratio decreased to 1.25x in the end of December 2020, from 1.67x in the end of 2019.

Free Cash Flow amounted R$ 2.4 billion in the 4Q20.

The only steel producer as a component of the Carbon Efficient Index (ICO2) at B3. The Company also reached B- rating at CDP (Carbon Disclosure Project) Climate Change module.

Additional Information

Gerdau S.A. informs that it is filling today its 4Q20 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 4Q20 Valuation Guide is also available at Gerdau's website
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

 

View original content:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301234543.html

SOURCE Gerdau S.A.

FAQ

What was Gerdau's consolidated EBITDA in 4Q20?

Gerdau's consolidated EBITDA amounted to R$ 3.1 billion in 4Q20.

How did Gerdau's net debt to EBITDA ratio change in 2020?

The net debt to EBITDA ratio improved to 1.25x at the end of December 2020 from 1.67x at the end of 2019.

What was Gerdau's free cash flow in 4Q20?

Gerdau generated R$ 2.4 billion in free cash flow during 4Q20.

What is Gerdau's rating in the CDP Climate Change module?

Gerdau achieved a B- rating in the CDP Climate Change module.

Is Gerdau a part of any carbon efficiency index?

Yes, Gerdau is the only steel producer listed on Brazil’s Carbon Efficient Index (ICO2).