Last updated on April 21, 2014 at 11:58 EDT

Gerdau S.A. – Consolidated Information

May 2, 2012

PORTO ALEGRE, Brazil, May 2, 2012 /PRNewswire/ —

1st quarter of 2012 Highlights

Shipments reached 4.7 million tonnes in the 1Q12, stable when compared to 1Q11.

Net Sales reached R$ 9.2 billion in the 1Q12, 10% more than 1Q11, due to the higher net sales per tonne in all Company’s business operations.

1Q12 EBITDA reached R$ 1.0 billion, compared to R$ 1.1 billion in the 1Q11 and R$ 1.0 billion in the 4Q11. The EBITDA margin reached 11% in the 1Q12, flat when compared to 4Q11, but lower than the 13% recorded in 1Q11 due to higher raw material costs.

Net Income was R$ 397 million in the 1Q12.

Investments in fixed assets totaled R$ 691 million in the 1Q12.

Net Debt was R$ 10.1 billion on March 31, 2012, representing 2.2 times the last twelve months EBITDA.

The Company deliberated the dividend payment of R$ 102 million (R$ 0.06/share) for Gerdau S.A. shareholders, and R$ 33 million (R$ 0.08/share) for Metalurgica Gerdau S.A. shareholders, based on 1Q12 results. The payment will be done on May 23rd, 2012.

Additional Information

Gerdau S.A. informs that it is filling today its 1Q12 results at the Securities and Exchange Commission (SEC) and at the Comissao de Valores Mobiliarios (CVM), which are available at Gerdau’s website. To access this document, please click on http://www.gerdau.com/investidores/informacoes-financeiras-informacoes-relevantes.aspx?language=en-US

The 1Q12 Valuation Guide is also available at Gerdau’s website http://www.gerdau.com/investidores/informacoes-operacionais.aspx?language=en-US

Investor Relations
+55 51 3323 2703

SOURCE Gerdau S.A.

Source: PR Newswire