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GERDAU S.A. - CONSOLIDATED INFORMATION

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In its 1Q22 report, Gerdau S.A. recorded the highest adjusted EBITDA for a first quarter at R$ 5.8 billion, achieving an EBITDA margin of 28.7%. The North America Business Operation also set records, with adjusted EBITDA reaching R$ 2.7 billion and a margin of 33%.

Furthermore, the company's indebtedness improved significantly, with the net debt to EBITDA ratio declining from 0.96x to 0.20x year-over-year. Gerdau also recognized suppliers for their diversity and inclusion efforts through its Inspire Gerdau program.

Positive
  • Record adjusted EBITDA of R$ 5.8 billion for 1Q22.
  • Adjusted EBITDA margin at 28.7%, indicating strong profitability.
  • North America Business Operation achieved historic EBITDA of R$ 2.7 billion with a margin of 33%.
  • Significant reduction in indebtedness, with net debt to EBITDA ratio dropping to 0.20x.
Negative
  • None.

SÃO PAULO, May 5, 2022 /PRNewswire/ --

1Q22 Highlights

Best adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for a first quarter, reaching R$ 5.8 billion, with an adjusted EBITDA margin of 28.7%.

Adjusted EBITDA from the North America Business Operation reaches R$2.7 billion, with an adjusted EBITDA margin of 33%, both historical records for a quarter.

Indebtedness level reaches its lowest historical level, with the ratio between net debt and adjusted EBITDA decreasing from 0.96x to 0.20x compared to the first quarter of 2021.

Gerdau, through the Inspire Gerdau program, recognized, for the first time, 18 companies from its chain of suppliers that stand out for consolidating diversity and inclusion initiatives. Created in 2020, the initiative aims to mobilize and encourage the company's supply chain to consolidate best practices in diversity and inclusion.

Additional Information

Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filing today its 1Q22 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 1Q22 Valuation Guide is also available at Gerdau's website. 
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

Cision View original content:https://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301540883.html

SOURCE Gerdau S.A.

FAQ

What was Gerdau's adjusted EBITDA for 1Q22?

Gerdau's adjusted EBITDA for 1Q22 was R$ 5.8 billion.

What is Gerdau's EBITDA margin for the first quarter of 2022?

The EBITDA margin for Gerdau in 1Q22 was 28.7%.

How did the North America Business Operation perform in 1Q22?

The North America Business Operation reported an adjusted EBITDA of R$ 2.7 billion and an EBITDA margin of 33%.

What is Gerdau's current debt ratio?

Gerdau's net debt to adjusted EBITDA ratio decreased to 0.20x in 1Q22.

What initiative did Gerdau launch regarding diversity and inclusion?

Gerdau recognized 18 suppliers for their diversity and inclusion initiatives through its Inspire Gerdau program.

Gerdau S.A.

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