Companhia Siderúrgica Nacional (NYSE:SID) Q3 2023 Earnings Call November 14, 2023 9:30 AM ET Company Participants Marcelo Cunha Ribeiro - CFO and IR Executive Director Benjamin Steinbruch - Chairman and Chief Executive Officer Helena Brennand Guerra - ESG and Sustainability Director Luis Fernando Barbosa Martinez - Director Conference Call Participants Guilherme Rosito - Bank of America Caio Greiner - BTG Pactual Daniel Sasson - Itau BBA Operator Good morning, ladies and gentlemen, and thank you for holding ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of October, 2023 Commission File Number 1-14732 COMPANHIA SIDERÚRGICA NACIONAL (Exact name of registrant as specified in its charter) National Steel Company (Translation of Registrant's name into English) Av. Brigadeiro Faria Lima 3400, 20º andar São Paulo, SP, Brazil 04538-132 (Address of principal executive office) Indica ...

Financial Data and Key Metrics Changes - The company reported an EBITDA of BRL2.2 billion for Q2 2023, a decrease of approximately 29% sequentially compared to Q1 due to lower price realization and high operational costs [6][9] - The leverage ratio increased to 2.78x in Q2 but improved to 2.57x after transactions concluded in July, with a target to return to a guideline of 2x [5][10] - Cash flow generation was strong, with almost BRL750 million generated, despite a significant dividend payout of BRL2.7 billion [8][9] Business Line Data and Key Metrics Changes - In the steel segment, domestic sales grew by over 10%, but profitability dropped from 9% to 3% due to increased production costs [12][13] - Mining achieved record production and sales volumes, but price realization fell nearly 30%, leading to a drop in EBITDA margin from 48% to 30% [14][15] - Cement volumes increased significantly from 1.3 million to 3.3 million tons year-over-year, with a 12% annual growth, but revenue only increased by 2% due to price impacts [16][17] Market Data and Key Metrics Changes - The Brazilian steel market is facing challenges with high import parity and declining prices, with expectations of a stronger third quarter driven by improved production and cost recovery [32][41] - The company anticipates a more balanced international market, particularly with expected price increases in China, which could positively impact Brazilian steel prices [35][41] Company Strategy and Development Direction - The company aims to stabilize production and reduce costs, focusing on ESG and technology as primary pillars of its strategy [29][43] - There is a commitment to deleveraging, with a target net debt to EBITDA ratio of 1.95x, while also exploring growth opportunities through potential IPOs in cement and energy [45][46] - The company is working on maximizing the value of its energy assets and considering partnerships for better energy marketing [67] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of the year, expecting improvements in operating profitability and cash generation [9][28] - The company is confident in returning to historical margin levels as production stabilizes and raw material costs decrease [24][30] - There is a focus on maintaining competitive pricing and addressing the challenges posed by imports in the Brazilian market [38][41] Other Important Information - The company achieved a significant reduction in greenhouse gas emissions and improved its ESG ratings, reflecting its commitment to sustainability [20][21] - The company is actively working on operational efficiencies and synergies from recent acquisitions, particularly in the cement sector [52][54] Q&A Session All Questions and Answers Question: Overview of the Brazilian steel market and long-term strategic plans - The company highlighted challenges in the steel market due to high import parity and declining prices, with a focus on maintaining margins and exploring long-term growth opportunities through potential IPOs [32][33][41] Question: Changes in contracts and cost reductions - The company is negotiating contracts with a focus on maintaining prices despite import pressures, with expectations of significant cost reductions in the second half of the year [58][63] Question: Impact of the return of the blast furnace and energy structure - Management indicated that the return of the blast furnace would not significantly alter market dynamics, and they are exploring options for maximizing energy asset value [66][67]

As filed with the Securities and Exchange Commission on April 27, 2023 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 PURSUAN ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April, 2023 Commission File Number 1-14732 COMPANHIA SIDERÚRGICA NACIONAL (Exact name of registrant as specified in its charter) National Steel Company (Translation of Registrant's name into English) Av. Brigadeiro Faria Lima 3400, 20º andar São Paulo, SP, Brazil 04538-132 (Address of principal executive office) Indicate ...

Dividends and Financial Distribution - Companhia Siderúrgica Nacional (CSN) will distribute dividends amounting to BRL 2,314,000,000.00 at the AGM 2023, which includes interest on equity and dividends declared by the Board of Directors[7]. - The parties involved have committed to vote in favor of the dividend approval at the AGM 2023[13]. Shareholding Structure - Vicunha Aços holds 543,617,803 common shares in CSN, representing 40.99% of its capital stock, while CFL Ana holds 135,904,451 common shares, representing 10.25%[6]. - The ownership structure post-transaction includes Rio Iaco Participações S.A. holding 45,706,242 common shares, representing 3.45% of CSN's capital stock[6]. Shareholders' Agreement and Corporate Restructuring - The Shareholders' Agreement between Vicunha Aços and CFL Ana has a fixed term of 10 years, with specific rules regarding share sales and voting rights[6]. - The restructuring agreement concluded between CFL and Rio Purus aims to eliminate corporate relationships and legal disputes related to CSN[11]. - The transaction results in the removal of CFL from the structure of Vicunha Aços, which will now be solely held by Rio Purus[12]. - The agreement anticipates improved harmony in shareholder control following the resolution of disputes between Rio Purus and CFL[15]. - The transaction was finalized after fulfilling all precedent conditions as outlined in previous communications[10]. Transparency and Investor Relations - CSN's investor relations website provides access to the Shareholders' Agreement and related documents for transparency[14].

Companhia Siderúrgica Nacional (NYSE:SID) Q4 2022 Earnings Conference Call March 9, 2023 9:30 AM ET Company Participants Marcelo Cunha Ribeiro - CFO and IR Executive Officer Marcelo Ribeiro - CFO Helena Guerra - Sustainability Director Benjamin Steinbruch - Chairman and CEO Conference Call Participants Rafael Barcellos - Santander Bank Daniel Sasson - Itau BBA Carlos de Alba - Morgan Stanley Thiago Lofiego - Bradesco BBI Operator At this time, we would like to welcome everyone to CSN Conference Call to rele ...

4Q22 AND 2022 FINANCIAL RESULTS 2022 and 4Q22 FINANCIAL RESULT São Paulo, March 8, 2023 - Companhia Siderúrgica Nacional ("CSN") (B3: CSNA3) (NYSE: SID) discloses its fourth quarter of 2022 (4Q22) and 2022 yearly financial results in Brazilian Reais, with all financial statements consolidated in accordance with accounting practices adopted in Brazil issued by the Accounting Pronouncements Committee ("CPC"), approved by the Brazilian Securities and Exchange Commission ("CVM") and the Federal Accounting Counc ...

Financial Data and Key Metrics - EBITDA dropped by 16% due to margin compression in the steel sector, driven by lower international steel prices and sequential price increases [8] - Net debt increased to BRL24 billion, with leverage rising to 1.7x, up from 1.0x last year, due to the LafargeHolcim acquisition and reimbursement of BRL4.8 billion [11] - Cash generation improved to BRL3.2 billion, offsetting investment period taxes, with a significant positive impact from working capital management [10][11] - CapEx guidance for 2022 was revised down from BRL34 billion to BRL3 billion due to delays in equipment delivery and a more cautious approach in a turbulent market [9][10] Business Line Performance Steel - Domestic steel volumes grew by 20%, driven by strong performance in construction, offsetting slower growth in automotive and white goods segments [14] - International steel prices dropped by 9%, leading to a compression in EBITDA margins to 16%, with EBITDA for the steel segment at BRL1.2 billion [15] - Production costs for slabs dropped by 8% in September compared to the quarterly average, signaling further cost reductions in Q4 [15] Mining - Mining production volumes increased, with a 20% growth in sales, offset by a significant drop in iron ore prices [16] - EBITDA margin remained stable at $19 per ton, supported by lower freight costs and operational enhancements [17] - Iron ore breakeven costs are competitive, with margins above $20 per ton despite lower slab prices [18] Cement - Cement volumes grew by 50% following the consolidation of LafargeHolcim's 10 plants in Brazil, now called CSN Cement Brazil [19] - EBITDA for cement increased from BRL160 million to BRL260 million, with margins expected to improve further in Q4 [20] Energy - The acquisition of Quebra-Queixo and CEEE-G transformed the energy business, with expected synergies reducing energy costs by BRL300 million annually, benefiting steel, mining, and cement operations [21][47] Market Performance - Domestic steel market is expected to reach 14.4-14.6 million tons in 2022, with a slight drop compared to 2021 [30] - International markets, particularly Germany and the US, showed strong profitability due to favorable energy hedges and low raw material costs [14][33] Strategic Direction and Industry Competition - The company is focusing on vertical integration and diversification, particularly in energy and cement, to enhance competitiveness and reduce costs [21][39] - Synergies from the LafargeHolcim acquisition are expected to drive significant EBITDA improvements in the cement segment, with plans to expand capacity and explore greenfield projects [39][41] - The company is prioritizing low-cost production and operational efficiency to navigate a challenging market environment [77][78] Management Commentary on Operating Environment and Future Outlook - Management highlighted the turbulent market conditions, particularly the impact of falling commodity prices and the slowdown in China, but emphasized the company's resilience and operational improvements [6][8] - The outlook for 2023 includes lower commodity prices, which will help maintain strong cash generation and control leverage [12] - The company is preparing for a highly competitive market by focusing on low-cost production and aggressive commercial strategies [77][78] ESG Performance - The company improved its ESG rating to 55 points, well above the global average of 20 points, and is conducting climate change scenario analyses to inform future decisions [22] - Renewable energy projects and dam de-characterization works are progressing, with zero fatalities reported in Q3 [23][24] Q&A Session Summary CapEx and Volume Guidance - CapEx for 2023 is still under review, with a focus on productivity gains in steel and growth in mining, while respecting liquidity and leverage constraints [28][29] - Domestic steel volume guidance for 2022 is 3.3 million tons, with total group volumes expected to reach 4.7 million tons [31] Leverage and Profitability - The company aims to maintain leverage below 1.95x, with plans to reduce it further through operational improvements and potential financial restructuring [38][72] - Cement profitability is expected to improve significantly, with synergies from the LafargeHolcim acquisition driving higher EBITDA margins [39][40] Energy Hedges and Acquisitions - Energy hedges in Germany are expected to expire gradually, with 25-30% of volumes hedged at favorable rates for 2023 [46] - The acquisition of CEEE-G is expected to reduce energy costs by BRL300 million annually, with half of the benefits accruing to the steel segment [47] Expansion and Cost Reduction - The company is investing in a new painting line for automotive and white goods, expected to be operational by Q1 2024, with a capacity of 160,000 tons per year [51] - Cost reductions in raw materials and operational enhancements are expected to improve margins in Q4, particularly in the steel segment [56]

Companhia Siderúrgica Nacional (NYSE:SID) Q2 2022 Results Conference Call August 16, 2022 10:30 AM ET Company Participants Marcelo Cunha Ribeiro - CFO and IR Executive Officer Benjamin Steinbruch – Chairman and CEO Helena Guerra - Sustainability Director Conference Call Participants Isabella Vasconcelos - Bradesco BBI Daniel Sasson - Itau BBA Carlos De Alba - Morgan Stanley Operator Good morning, ladies and gentlemen, and thank you for holding. At this time, we would like to welcome everyone to CSN's confer ...