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    USIM5   BRUSIMACNPA6

USINAS SIDER┌RGICAS DE MINAS GERAIS S.A.

(USIM5)
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Usinas Siderurgicas de Minas Gerais S A Usiminas : Material Fact - CAPEX, Net Financial Expenses, Steel and Iron Ore Sales Volumes Projections

02/12/2021 | 06:10am EDT

Usiminas Belo Horizonte

Rua Prof. José Vieira de Mendonça, 3011

31310-260 Belo Horizonte MG

T 55 31 3499-8000 F 55 31 3499-8899 www.usiminas.com

(Free Translation: For reference only - Original in Portuguese)

USINAS SIDERÚRGICAS DE MINAS GERAIS S.A. - USIMINAS

Publicly Traded Company

CNPJ/MF 60.894.730/0001-05

NIRE 313.000.1360-0

MATERIAL FACT

Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS ("Usiminas" or "Company")

in compliance with the provisions of article 157, paragraph 4th, of Law 6.404/76, and based on CVM Instructions No 358/2002 and 480/2009, hereby informs its shareholders and the public in general about its projections related to investments, net financial expenses and sales volumes of iron ore from the Mining Unit for 2021. The Company also informs its projections about volumes of steel sales at the Steel Unit for the 1st quarter of 2021 (1Q21).

Index (R$ million)

2021

Investments (CAPEX) for Steel Unit

1.200

Revamping of Blast Furnace # 3

600

Sustaining, health, safety and environmental

600

Investments (CAPEX) for Mining Unit

250

Sustaining, health, safety and environmental

160

Dry Stacking Project

90

Investments (CAPEX) for Transforming Unit

50

Total Investments (CAPEX)

1.500

Index (R$ million)

2021

Net Financial Expenses

(300)

Index (million tons)

2021

Iron ore sales volume from Mining Unit

8,5 to 9,0

Index (million tons)

1Q21

Steel sales volume from Steel Unit

1,1 to 1,2

The projections disclosed herein are merely forecasts, do not constitute a promise of performance and only reflect management's current expectations regarding Usiminas' future.

Such projections depend on factors and market conditions that are beyond the control of the Company and may, therefore, differ with regards to the numbers and results to be effectively recorded by the Company in 2021.

Classificação da informação: Pública

Usiminas Belo Horizonte

Rua Prof. José Vieira de Mendonça, 3011

31310-260 Belo Horizonte MG

T 55 31 3499-8000 F 55 31 3499-8899 www.usiminas.com

(Free Translation: For reference only - Original in Portuguese)

Such projections will be included in section 11 of Usiminas' Reference Form, which will be available on the websites of the Brazilian Securities and Exchange Commission - CVM (www.cvm.gov.br) and the Company (www.ri.usiminas.com), within regulatory term.

Belo Horizonte, February 12th, 2021.

Alberto Ono

Finance and Investors Relations Vice-President Officer

Classificação da informação: Pública

Disclaimer

USIMINAS - Usinas Siderúrgicas de Minas Gerais SA published this content on 12 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2021 11:09:09 UTC.


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Financials
Sales 2021 31 918 M 6 228 M 6 228 M
Net income 2021 6 579 M 1 284 M 1 284 M
Net cash 2021 2 287 M 446 M 446 M
P/E ratio 2021 3,71x
Yield 2021 6,80%
Capitalization 25 609 M 5 003 M 4 997 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,80x
Nbr of Employees -
Free-Float 43,7%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 20,57 BRL
Average target price 25,69 BRL
Spread / Average Target 24,9%
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Managers and Directors
SÚrgio Leite de Andrade Chief Executive Officer
Alberto Akikazu Ono Vice President-Finance & Investor Relations
Ruy Roberto Hirschheimer Chairman
Kohei Kimura Vice President-Technology & Quality
Ronald Seckelmann Independent Director
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