GERDAU S.A. - CONSOLIDATED INFORMATION
Gerdau S.A. (NYSE: GGB) reported its best annual financial performance in 2021, achieving an adjusted EBITDA of R$23.2 billion and a net income of R$13.9 billion. The company allocated a record R$5.4 billion in dividends, translating to R$3.14 per share. Adjusted EBITDA for North America reached R$2.2 billion with a margin of 27.4%. Additionally, Gerdau's net debt to adjusted EBITDA ratio improved significantly to 0.30x. The company also set an ambitious greenhouse gas emissions reduction target for 2031.
- Record annual adjusted EBITDA of R$23.2 billion in 2021.
- Net income reaches a historical high of R$13.9 billion.
- Dividends of R$5.4 billion allocated, reflecting strong profits.
- North America business operation achieved an adjusted EBITDA of R$2.2 billion.
- Significant reduction in net debt to adjusted EBITDA ratio from 1.25x to 0.30x.
- None.
SÃO PAULO, Feb. 23, 2022 /PRNewswire/ -- Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) -- Best annual adjusted EBITDA in history in 2021, reaching R
The amount of dividends allocated in 2021 by Gerdau S.A. was R
Adjusted EBITDA from the North America Business Operation reaches R
Indebtedness level reaches its lowest historical level, with the ratio between net debt and adjusted EBITDA decreasing from 1.25x to 0.30x compared to the fourth quarter of 2020.
This month, Gerdau set a goal of reducing its greenhouse gas emissions by 2031, going from 0.93 t CO2e to 0.83 t CO2e, a level that will place the company with a volume of emissions lower than the half the world average for the steel sector.
Additional Information
Gerdau S.A. informs that it is filling today its 4Q21 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 4Q21 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.
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