Earnings Presentation - 4Q20

February 23th, 2021

1 QUARTERLY RECORD with an adjustedEBITDA at R$4,738MM, as a result of

better prices and strict cost control.

Achieving a 47% margin

2 Cash generation record from operational improvement and working capital management, providing a strong R$5bi debt reduction

3 Preparation for CMIN's IPO, which

completes the deleveraging cycle and

3

starts a new focus on capital allocation in CSN business

Consolidated Operational & Financial Indicators

Strong increase in EBITDA with positive contribution from Steel, Mining and Cement segments 47%

Adjusted Mg. EBITDA %Adjusted EBITDA

Adjusted EBITDA 3Q20

Steel

MiningCementEliminations / Expenses /

Adjusted EBITDA 4Q20

Others

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CSN - Companhia Siderúrgica Nacional published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 17:53:02 UTC.