Investors in Ternium S.A. (TX) need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 21, 2025 $20.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Ternium S.A. (NYSE:TX) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Sebastian Marti - Global IR & Compliance Senior Director Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Marcio Farid - Goldman Sachs Alfonso Salazar - Scotiabank Henrique Braga - Morgan Stanley Camilla Barder - Bradesco BBI Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today. At this time, I would ...

Ternium – Third Quarter 2024 | Earnings Conference Call and Webcast 1 1 / 25 November 6, 2024 Third Quarter 2024 Earnings Conference Call and Webcast Forward-Looking Statements and Non-IFRS Alternative Performance Measures This presentation contains certain forward-looking statements and information relating to Ternium S.A. and its subsidiaries (collectively, "Ternium") that are based on the current beliefs of its management as well as assumptions made by and information currently available to Ternium. Such ...

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Ternium S.A. (NYSE:TX) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Sebastian Marti - Investor Relations Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Kayo Rivero - Bank of America Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Marcio Farid - Goldman Sachs Alex Hacking - Citi Leo Correa - BTG Pactual Operator Thank you for standing by. My name is Kayla and I will be your conference operator today ...

Financial Data and Key Metrics - Adjusted EBITDA for Q1 2024 was $655 million, up 31% from the previous quarter, with an adjusted EBITDA margin of 17% [21] - Net cash increased to $2 billion as of the end of March 2024 [5] - Net income and earnings per ADS showed significant strength in Q1, partially offset by losses from divestment of certain assets and sovereign bond holdings [23] - Cash flow from operations was healthy despite a $266 million increase in working capital due to higher inventories and receivables [31] Business Line Performance - Mexico operations remained strong, with slight sequential volume decline due to transitory re-stocking but strong demand from industrial customers [24] - Brazil saw stable steel shipments, with a year-over-year increase due to the consolidation of Usiminas [25] - Argentina experienced a sharp decline in shipments due to government economic stabilization measures, but a gradual recovery is expected starting in Q2 [14][25] - Usiminas in Brazil improved operational efficiency, with lower steel production costs following the restart of its main blast furnace [12] Market Performance - Nearshoring in North America is intensifying, benefiting Ternium's operations in Mexico due to geographical proximity and lower logistics costs [5] - Brazil's steel consumption improved slightly, driven by lower interest rates, improved consumer confidence, and infrastructure projects [6] - Argentina's medium-term outlook remains uncertain, but recovery is anticipated in agribusiness, energy, and mining sectors [14] Strategic Direction and Industry Competition - Ternium is focusing on upstream and downstream projects at its industrial center, with the first stage expected to come online in 2024 [15] - The company aims to benefit from nearshoring, advance its CO2 emissions roadmap, and strengthen its competitive position in the Mexican steel market [16] - Usiminas has set a decarbonization goal to reduce Scope 1 and 2 emissions intensity by 15% by 2030 [13] - New tariffs in Mexico and Brazil aim to level the playing field against unfair competition, particularly from China [10][11] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong performance across all regions despite macroeconomic challenges [4] - Nearshoring trends and new tariffs in Mexico are seen as positive developments for the company [5][10] - Argentina's recovery is expected to be gradual, with significant uncertainty remaining [14][39] - The company anticipates a sequential increase in shipments in Q2, driven by positive trends in industrial demand [9] Other Important Information - Ternium refined its operational segments to reflect the integration of Usiminas operations, with new segments including steel and mining [19] - The company recorded a $56 million gain related to the readjustment of electricity transmission costs in Mexico [21] - Usiminas announced a decarbonization roadmap, with plans to reduce emissions intensity by 15% by 2030 [13] Q&A Session Summary Question: Clarification on the $56 million gain related to electricity transmission charges in Mexico - The gain was due to a reversal of overpaid charges from previous periods, now reflected as an operational item [38] Question: Outlook for Argentina's recovery and bond holdings - Argentina's recovery is expected to be gradual, with a 20% decline in Q2 compared to the previous year, but a 25% increase sequentially [39] - The company sold bonds received as payment from Argentina, with no further impact expected in future quarters [41][43] Question: Impact of new tariffs in Brazil and blast furnace outage - The new tariffs are a positive step but may not be sufficient to fully address unfair trade practices from China [48] - The blast furnace outage in Brazil is being resolved, with no significant impact expected on shipments or costs [50] Question: Guidance on pricing and costs - Lower prices are expected in most markets, with stable costs due to a mix of factors including slab purchases and iron ore price changes [56][57] Question: Capital allocation and dividend policy - Ternium has increased dividends and plans to sustain the current level, considering ongoing CapEx plans [66] - No specific new investment opportunities outside Mexico are currently being pursued [69]

☐ Transition report pursuant to Section 13 or 15(d) 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 31 December 2023 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION or Washington, D.C. 20549 ☐ Shell company report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1 ...

Ternium S.A. (NYSE:TX) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET Sebastian Marti - Investor Relations Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Carlos de Alba - Morgan Stanley Guilherme Rosito - Bank of America Enrique Marquez - Goldman Sachs Marcio Farid - Goldman Sachs Caio Greiner - BTG Pactual Good day, and welcome to Ternium Fourth Quarter 2023 Results Call. Participants will be able to listen only until the question-and-answer portion of this c ...

Maximo Vedoya Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect. Thank you. I would now like to turn the call back over to Ternium's CEO for closing remarks. Please go ahead. Thank you. And thank you all very much for participating on today's call. As usual, feel free to contact us if you have any questions. Thank you again, and goodbye. Operator Company Participants Carlos de Alba - Morgan Stanley Timna Tanners - Wolfe Research Gabriel Simões - Goldman Sac ...

Yeah, is it better? Yeah, it's better. Much better. Yeah. Okay. So, sorry about that, guys. Yeah. No worries. So, the first question is a little bit more conceptual, Maximo. I mean, everyone has been following the story for many years, right? And now with Usiminas being consolidated, you guys obviously made a move some years ago with CSA, which is now Ternium Brazil, which is also super relevant. Just again, I know there's no decision and this is all very conceptual, but would it make any sense, I mean, do ...