Gerdau S.A. - Consolidated Information 3rd quarter of 2012 Highlights

PORTO ALEGRE, Brazil, Nov. 1, 2012 /PRNewswire/ -- Gerdau ceases its efforts to identify a strategic partner for its integrated mining project and reaffirms its commitment to the project, implementing an own investment plan. Ongoing prospecting and studies estimate total iron resources at 6.3 billion tonnes, with iron content greater than 40%.

Shipments of steel products reached 4.8 million tonnes in the 3Q12, small reduction when compared to 3Q11.

Net Sales reached R$ 9.8 billion in the 3Q12, 10% more than 3Q11, due to the higher net sales per tonne shipped in all Company's business operations.

3Q12 EBITDA reached R$ 1.0 billion, compared to R$ 1.2 billion in the 3Q11 and 2Q12. The EBITDA margin reached 11% in the 3Q12, lower than the 14% recorded in 3Q11 and 12% in 2Q12, due to increase on raw material costs that outpaced the growth in net sales per tonne shipped.

Net Income totaled R$ 408 million in the 3Q12.

Investments in fixed assets totaled R$ 904 million in the 3Q12.

Net Debt was R$ 12.0 billion on September 30, 2012, representing 2.8 times the last twelve months EBITDA.

Metalurgica Gerdau S.A. and Gerdau S.A. deliberated the dividend payment, in the form of interest on equity, of, respectively, R$ 36.6 million (R$ 0.09/share) and R$ 119 million (R$ 0.07/share), based on 3Q12 results, and will start to be paid on November 23rd, 2012.

Additional Information

Gerdau S.A. informs that it is filling today its 3Q12 results at the Securities and Exchange Commission (SEC) and at the Comissao de Valores Mobiliarios (CVM), which are available at Gerdau's website. To access this document, please click on http://ri.gerdau.com/enu/s-6-enu.html?idioma=enu

The 3Q12 Valuation Guide is also available at Gerdau's website http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu

Investor Relations
inform@gerdau.com.br
+55 51 3323 2703

SOURCE Gerdau S.A.



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