Investor Presentation - November

Institutional

Presentation

November 2021

120 YEARS OF HISTORY

				Gerdau has its first CEO outside
Gerdau acquires the controlling		Gerdau enters the special	Gerdau arrives in Peru	the family. Gustavo Werneck
interest in Usina Riograndense		replaces André Gerdau
(RS) and begins the production		steel segment with the	with the acquisition of	Johannpeter as CEO.
of steel.		acquisition of Siderúrgica	Siderperu.
Piratini in Charqueadas (RS).
Gerdau goes international			Start of iron ore
	with the acquisition of
	Siderúrgica Laisa	Gerdau's shares are listed in		production in
	(Uruguay).		Minas Gerais.
	New York Stock Exchange

(NYSE).

1901

1948

1971

1980

1989

1992

1997

1999

2001

2006

2007

2009

2013

2018

	Gerdau enters North America
João Gerdau acquires	with the acquisition of Courtice
the Pontas de Paris	Steel (Canada).
nail factory in Porto
Alegre (RS).

Gerdau takes over Ameristeel

in the United States.

Gerdau turns 100 and joins the select

group of century-old companies.

Start of flat steel

production in Ouro Branco.

First branch of Comercial Gerdau in São Paulo (SP).

Gerdau joins Açominas, a mill located in Ouro Branco (MG).

Gerdau arrives in

Argentina.

Gerdau acquires the Feld

group and establishes

itself in Mexico.

EBITDA

Brazil BD		North America BD	South America BD	Special Steel BD
	58.5%	22.7%	10.3%	8.6%

									25.4%	1.100
										1.200
										1.150
	40.7%							1.000		37.8%			18.7%
							950
				39.8%				20.4%		1.050						18.8%
							1,892	900	30.0%		32.4%
	3,634	4,005					850
				1.352		800		602
					750
25.1%		10.3%		700		494	9.9%	495	539
					650
						600	376
										550
										450
										500
1,253										400
									250
					461				350				168
								200
										300
										150
										100
										50
3Q20		2Q21	3Q21	3Q20	2Q21	3Q21	0	3Q20	2Q21	3Q21	3Q20	2Q21	3Q21
			EBITDA (R$ million)				EBITDA Margin (%)		Adjusted EBITDA share by Business Division (last 12 months)

NORTH AMERICA

BUSINESS DIVISION OUTLOOK

Robust end use demand in many sectors,

with strong backlog.

Infrastructure investment package

($1.2 tri) will generate additional demand for steel.

Product portfolio expansion and enhanced cost

structure (Petersburg, Cartersville and Whitby).

Opportunities in renewable energy growth.

Asset Capacity utilization around 90%.

NORTH AMERICA BD INDICATORS

GROWTH IN THE MAIN INDICATORS

MANUFACTURING PMI

61.1 in September

60.8										61.1
				55.1
									47.2
2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021

ARCHITECTURAL BILLINGS INDEX (ABI)

56.6 in September

										56.6
				50.4				52.1
49.8
									29.5
2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021

Source: AIA

Source: ISM