CSN Mineracao SA (BSP:CMIN3)
R$ 5.37 +0.040 (+0.75%) Market Cap: 29.17 Bil Enterprise Value: 24.83 Bil PE Ratio: 8.17 PB Ratio: 2.85 GF Score: 68/100
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Q3 2024 CSN Mineracao SA Earnings Call (English, Portuguese) Transcript

Nov 13, 2024 / 01:00 PM GMT
Release Date Price: R$5.23 (-5.77%)

Key Points

Positve
  • CSN Mineracao SA (BSP:CMIN3) achieved the highest quarterly sales volume in the company's history.
  • Operational efficiency improvements led to a cost reduction of $2 per ton, marking the lowest cost since December 2021.
  • The company approved a distribution of BRL 3 billion in dividends and interest on capital payment, supported by a net cash position of 5.3 billion.
  • Production grew by 9.8% compared to the previous quarter, showcasing effective operational strategies.
  • Significant strides in ESG initiatives, including an 8.5% reduction in CO2 emissions from January to September 2024 compared to the base year 2020.
Negative
  • Lower revenues of 2.9 billion were reported due to a drop in iron ore prices, impacting net revenue in the third quarter.
  • EBITDA declined to 1.1 billion, attributed to the reduction in realized prices.
  • Free cash flow was negative by 276 million, impacted by increased CAPEX and exchange rate fluctuations.
  • The company faced a rise in COGS by 7.4% due to increased sales volume and iron ore purchases.
  • There is a potential challenge in maintaining production levels due to seasonal rainfall impacting operations.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CMIN3.SA - CSN Mineracao SA
Q3 2024 CSN Mineracao SA Earnings Call (English, Portuguese)
Nov 13, 2024 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen. At this time, we would like to welcome everyone to C and Minera Sounds conference call to present results. Third quarter, 2024. Today we have with us, the company's executive office.

We would like to inform you that this event is being recorded and all participants will be in listen-only mode during the company presentation and doing this, we will begin the question and answer section. When further instructions will be given today's event can be accessed at the CS N investor relation website at R IC M dotcom dot BR where the presentation is also available and the replay will be available soon after the call is over before proceeding. Please bear in mind that some of the
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