Gerdau (GGBR4) Investor presentation summary

Strategic vision and business transformation

• Focus on sustainable value creation through safety, high-performance people, financial discipline, and capital allocation excellence.

• Emphasis on cultural transformation, diversity, inclusion, and ethical leadership to empower employees and drive innovation.

• Key strategic drivers include vertical integration, asset optimization, and expansion in flat steel and scrap processing.

Operational footprint and market presence

• Operations span 7 countries with 29 steel production units and over 28,000 employees worldwide.

• North America accounts for 71.7% of adjusted EBITDA, Brazil 21.6%, and South America 6.7%.

• Product portfolio includes billets, rebars, merchant bars, wire, nails, and ready-to-use steel products.

Financial performance and capital allocation

• Net revenue reached R$43 billion in 2026, with EBITDA margin improving to 16.5% and net debt/EBITDA at 0.69x.

• Strong liquidity with R$13.6 billion in gross debt, R$5.4 billion in cash, and average debt term of 7.6 years.

• Consistent dividend distribution and share buyback programs, with R$451 million in dividends and R$333.8 million in buybacks in 2026.