Q4 2024 Ternium Argentina SA Earnings Call Transcript
Key Points
- Ternium Argentina SA reported shipments of 16 million tons for 2024 with an Adjusted EBITDA of ARS 2 billion, maintaining a 12% margin despite industry challenges.
- The company made significant progress on its downstream expansion project in Mexico, with new facilities starting operations and others on track for completion by the end of 2025.
- A new wind farm in Argentina began generating electricity, expected to deliver substantial economic benefits and support the company's decarbonization goals.
- Usiminas in Brazil showed operational improvements, with vehicle production growing by 10% and crude steel production reaching high levels.
- The Roberto Rocca Technical School in Santa Cruz, Brazil, began its first classes, reflecting Ternium's commitment to community development and education.
- Shipments in Mexico decreased due to a weaker commercial market and uncertainties surrounding trade actions.
- Argentina experienced a real decline in shipments by approximately 20% due to macroeconomic measures, with steel demand yet to return to historic levels.
- Imports of flat steel in Brazil exceeded 3 million tons, with China accounting for a significant portion, disrupting the local market.
- Adjusted EBITDA decreased due to lower prices and reduced shipments, partially offset by increased steel costs per ton.
- The Brazilian Real's depreciation against the US dollar negatively impacted Usiminas' financial results, affecting Ternium's overall performance.
Thank you for standing by and welcome to the Ternium Fourth quarter 2024 results conference call. (Operator Instructions)
Thank you. At this time, I will turn the call over to Mr. Marti. Please proceed.
Good morning and thank you for joining us.
My name is Sebastian Marti, and I am Ternium's Global IR and compliance senior director. Yesterday, Ternium released its financial results for the fourth quarter and full year 2024. This call is meant to provide additional context to that presentation. I'm joined today by Maximo Bedoya, Ternium's Chief Executive Officer, and Pablo Brizzio, current Chief Financial Officer.
We'll discuss the company's business environment and performance. After our prepared remarks, we open up the floor to any questions. Before we begin, I would like to remind you that this conference call contains forward-looking information that actual results may vary from those expressed or implied. Factors that could affect
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