Now moving to the next slide, I will now talk about our special steel business operation. The automotive market in the U.S. continues to perform well, with the production of light and heavy vehicles reaching 15,332,000 units respectively, still below historical levels. In addition, the oil and gas segment remains resilient, with rig counts stable when compared to the previous period. In turn, the outlook for the special steel market in Brazil continues to be influenced by uncertainties linked to access to c ...

G E R D A U S.A. Condensed cons o l i d a t e d i n t e r i m fi n a n c i a l s t a t e m e n t s a s o f S e p t e m b e r 3 0, 2 0 2 3 E x h i b i t 9 9.1 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) | | Note | September 30, 2023 | December 31, 2022 | | --- | --- | --- | --- | | CURRENT ASSETS | | | | | Cash and cash equivalents | 4 | 2,914,529 | 2,475,863 | | Short-term investments | 4 | 3,088,139 | 2,959,135 | | Trade accounts receivable | 5 | 5,738,421 | 4,9 ...

Raw steel 72% ■ High interest rates and a slowdown in sectors such as industry and retail continue to affect domestic demand for steel ■ Concerns related to greater penetration of imported steel in Brazil(including import of machinery and equipment) ■ Appreciation of the real and lower international steel prices putting pressure on the competitiveness of exports 25.7% Consolidated EBITDA ■ A slight resumption of real estate launches, injection of funds from governmental programs (Minha Casa Minha Vida) and ...

Daniel Sasson Our next question is from Rafael Barcellos sell-side analyst from Santander. So please enable his camera. Renata Oliva Battiferro Good morning Werneck, Japur and Renata, thank you for taking my questions. And the last time you talked to investors, one of the main discussion points was related to cost, mainly due to the fact that we look at some figures that are referenced for price, so the – that are coming down. So the cost debate is very important, because it helps help us understand about m ...

G E R D A U S.A. Condensed cons o l i d a t e d i n t e r i m fi n a n c i a l s t a t e m e n t s a s o f J u n e 3 0, 2 0 2 3 E x h i b i t 9 9.1 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) | | Note | June 30, 2023 | December 31, 2022 | | --- | --- | --- | --- | | CURRENT ASSETS | | | | | Cash and cash equivalents | 4 | 2,556,042 | 2,475,863 | | Short-term investments | 4 | 1,628,600 | 2,959,135 | | Trade accounts receivable | 5 | 5,593,428 | 4,999,004 | | Inve ...

Exhibit 99.1 GERDAU S.A. Condensed consolidated interim financial statements as of March 31, 2023 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) | | Note | March 31, 2023 | December 31, 2022 | | --- | --- | --- | --- | | CURRENT ASSETS | | | | | Cash and cash equivalents | 4 | 2,581,882 | 2,475,863 | | Short-term investments | 4 | 3,243,455 | 2,959,135 | | Trade accounts receivable | 5 | 5,999,188 | 4,999,004 | | Inventories | 6 | 17,184,069 | 17,817,585 | | Tax cre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Gerdau SA (NYSE:GGB) Q4 2022 Earnings Conference Call March 1, 2023 12:00 PM ET Company Participants Gustavo Werneck - CEO & Director Rafael Japur - EVP, CFO & IR Officer Renata Battiferro - IR Manager Conference Call Participants Marcio Farid - Goldman Sachs Group Thiago Lofiego - Bradesco BBI Daniel Sasson - Itaú BBA Operator Good afternoon, everyone, and thank you for waiting. Welcome to the video conference for the release of Gerdau's Q4 '22-'23 results. With us here, we have Gustavo Werneck, CEO; and R ...

Gerdau S.A. (NYSE:GGB) Q3 2022 Results Conference Call November 9, 2022 12:00 PM ET Company Participants | --- | |-----------------------------------------------------------------------------------------------| | | | | | Renata Battiferro - IR | | Gustavo Werneck - CEO | | Rafael Japur - VP, IR | | Conference Call Participants | | Leo Correa - BTG Pactual | | Danielle Sasson - Itaú BBA | | Gabriel Simmons - Goldman Sachs Thiago Lofiego - Bradesco BBI Carlos de Alba - Morgan Stanley | | Guilherme Rosito - Am ...

G E R D A U S.A. Condensed cons o l i d a t e d i n t e r i m fi n a n c i a l s t a t e m e n t s a s o f S e p t e m b e r 3 0, 2 0 2 2 E x h i b i t 9 9.1 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) | | Note | September 30, 2022 | December 31, 2021 | | --- | --- | --- | --- | | CURRENT ASSETS | | | | | Cash and cash equivalents | 4 | 6,185,651 | 4,160,654 | | Short-term investments | 4 | 2,404,480 | 2,626,212 | | Trade accounts receivable | 5 | 6,664,613 | 5,4 ...