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 conference call to present results for the second quarter '22. Today, we have with us the Company's executive officers. We would like to inform you that this event is being recorded, and all participants will be in listen-only mode during the Company presentation. Ensuing this, there will be a question-and-answer section at which time further instructions will be provided. [Operator Instructions]

We have a simultaneous webcast that may be accessed through CSN's Investor Relations website ri.csn.com.br/english, where the presentation is also available. The replay of this event will be available soon after the closing for a period of one week. Please feel free to flip through the slides at your own convenience.

As a reminder, some of the forward-looking statements made herein are mere expectations or trends and are based on current assumptions and opinions of the company management and they may differ materially from the results, performance and events as they do not constitute forecast. In fact, actual results, performance and events may differ materially from those expressed or implied by forward-looking statements as a result of several factors, such as general and economic conditions in Brazil and other countries, interest rate and exchange rate levels, future rescheduling or prepayment of debt denominated in foreign currencies, protectionist measures in the U.S. Brazil and other countries, changes in laws and regulations and general competitive factors globally, regionally or nationally.

I would now turn the conference over to Mr. Marcelo Cunha Ribeiro, CFO and Investor Relations Executive Officer. He will present the operating and financial highlights for the period. Mr. Cunha Ribeiro, you may proceed, sir.

Marcelo Cunha Ribeiro

Good day to all of you, and thank you for participating in our conference call. Here, we have the executive directors of the Company as well as our Chairman, Benjamin Steinbruch, who will participate in the Q&A. We begin with the presentation on page 2.

And this was a period marked by enormous uncertainty and volatility in the steel and mining market. The diversification of our businesses allowed us to have strong results, although mining was impacted by the drop of prices in the quarter, a spotlight on the cement segment, which presented record results with a recovery of prices.