Earnings Call Summary | USINAS SID MINAS GERAIS USIMINAS SPON ADR EACH REP 1 PRF NPV(USNZY.US) Q1 2024 Earnings Conference
Earnings Call Summary | USINAS SID MINAS GERAIS USIMINAS SPON ADR EACH REP 1 PRF NPV(USNZY.US) Q1 2024 Earnings Conference
The following is a summary of the Usinas Siderúrgicas De Minas Gerais S.A. (USNZY) Q1 2024 Earnings Call Transcript:
以下是 Usinas Siderurgicas De Minas Gerais S.A.（USNZY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Usinas Siderúrgicas De Minas Gerais reported Q1 2024 net revenue of BRL 6.2 billion, an 8% decline QoQ due to unfavorable mining unit performance.
Adjusted EBITDA for the quarter stood at BRL 416 million with a 7% margin, marking a 28% QoQ improvement from non-recurring effects and improved performance in the steel unit.
The company's net income rested at BRL 36 million, negatively influenced by the dollar's appreciation in the financial results.
Despite an 18% quarterly increase in the volume of imported steel, the firm managed to maintain a constant steel sales volume of 1 million tons.
An 11% reduction in the cost of goods sold (COGS) in the steel mill unit signaled efficient cost management.
由于矿业部门表现不佳，Usinas Sideru'rgicas De Minas Gerais报告称，2024年第一季度净收入为62亿雷亚尔，环比下降8％。
本季度调整后的息税折旧摊销前利润为4.16亿雷亚尔，利润率为7％，这标志着钢铁部门因非经常性影响和业绩改善而环比增长了28％。
受美元财务业绩升值的负面影响，该公司的净收入为3,600万巴西雷亚尔。
尽管进口钢铁量季度增长了18％，但该公司仍设法保持了100万吨的恒定钢铁销售量。
钢厂单位的商品销售成本（COGS）降低了11％，这表明了有效的成本管理。
Business Progress:
业务进展：
The company has made considerable strides with the ramp-up of Blast Furnace 3, concentrating on industrial process efficiency and cost-cutting.
With an ecological target for 2030 of reducing greenhouse gas emissions by 15%, the firm is prioritising energy efficiency, the use of bio-resources, renewable energy harnessing, and raw materials optimization.
Despite demanding market conditions at the start of 2024, the company predicts market stabilization and consistent steel sales in Q2.
The company aims to improve its management model focusing on operational excellence, community engagement, and environmental safety despite anticipated short-term challenges from the international market.
The company has made operational improvements, using Blast Furnace 3 for steel production, allowing them to produce between 80-90% of their capacity during certain periods.
The company expects the year's sales volume to be lower than the previous year due to parallelization of some areas and the development of new operations.
随着Blast Furnace 3的升级，该公司取得了长足的进步，专注于工业过程效率和成本削减。
公司的生态目标是到2030年将温室气体排放量减少15％，因此优先考虑能源效率、生物资源的使用、可再生能源利用和原材料优化。
尽管2024年初市场条件严峻，但该公司预测第二季度市场将稳定并保持钢铁销售稳定。
尽管预计国际市场将面临短期挑战，但该公司的目标是改善其以卓越运营、社区参与和环境安全为重点的管理模式。
该公司对运营进行了改进，使用高炉3进行钢铁生产，使他们在特定时期能够生产80-90％的产能。
该公司预计，由于某些领域的并行化和新业务的发展，今年的销售量将低于上年。
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