![]() | ![]() |
1Q2021 | 4Q2020 | 1Q2020 | ||||||||||||||||||||||||
Steel Shipments (tons) | 3,099,000 | 3,067,000 | 1 | % | 2,998,000 | 3 | % | |||||||||||||||||||
Iron Ore Shipments (tons) | 1,035,000 | 943,000 | 10 | % | 993,000 | 4 | % | |||||||||||||||||||
Net Sales ($ million) | 3,249.3 | 2,579.7 | 26 | % | 2,271.4 | 43 | % | |||||||||||||||||||
Operating Income ($ million) | 905.8 | 677.2 | 34 | % | 135.7 | 568 | % | |||||||||||||||||||
EBITDA1 ($ million) | 1,057.4 | 645.2 | 64 | % | 302.1 | 250 | % | |||||||||||||||||||
EBITDA Margin (% of net sales) | 33 | % | 25 | % | 13 | % | ||||||||||||||||||||
EBITDA per Ton2 ($) | 341.1 | 210.3 | 100.8 | |||||||||||||||||||||||
Financial Result, Net ($ million) | 16.0 | (55.5) | 106.2 | |||||||||||||||||||||||
Income Tax Result ($ million) | (261.6) | (9.0) | (267.3) | |||||||||||||||||||||||
Net Result ($ million) | 706.7 | 670.6 | (19.4) | |||||||||||||||||||||||
Equity Holders' Net Result ($ million) | 602.9 | 600.4 | (11.6) | |||||||||||||||||||||||
Earnings per ADS3 ($) | 3.07 | 3.06 | (0.06) |
Net Sales (million $) | Shipments (thousand tons) | Revenue/ton ($/ton) | ||||||||||||||||||||||||||||||||||||
1Q2021 | 1Q2020 | Dif. | 1Q2021 | 1Q2020 | Dif. | 1Q2021 | 1Q2020 | Dif. | ||||||||||||||||||||||||||||||
Mexico | 1,810.8 | 1,268.9 | 43 | % | 1,699 | 1,650 | 3 | % | 1,066 | 769 | 39 | % | ||||||||||||||||||||||||||
Southern Region | 680.8 | 340.8 | 100 | % | 623 | 380 | 64 | % | 1,093 | 898 | 22 | % | ||||||||||||||||||||||||||
Other Markets | 687.7 | 600.2 | 15 | % | 778 | 969 | -20 | % | 884 | 619 | 43 | % | ||||||||||||||||||||||||||
Total steel products | 3,179.3 | 2,209.9 | 44 | % | 3,099 | 2,998 | 3 | % | 1,026 | 737 | 39 | % | ||||||||||||||||||||||||||
Other products* | 59.7 | 44.2 | 35 | % | ||||||||||||||||||||||||||||||||||
Steel segment | 3,239.0 | 2,254.1 | 44 | % | ||||||||||||||||||||||||||||||||||
Mining segment | 123.4 | 94.3 | 31 | % | 1,035 | 993 | 4 | % | 119 | 95 | 26 | % | ||||||||||||||||||||||||||
Intersegment eliminations | (113.1) | (77.0) | ||||||||||||||||||||||||||||||||||||
Net sales | 3,249.3 | 2,271.4 | 43 | % | ||||||||||||||||||||||||||||||||||
* The item "Other products" primarily includes Ternium Brasil’s and Ternium México’s electricity sales. |
Steel segment | Mining segment | Intersegment eliminations | Total | |||||||||||||||||||||||||||||||||||
$ million | 1Q2021 | 1Q2020 | 1Q2021 | 1Q2020 | 1Q2021 | 1Q2020 | 1Q2021 | 1Q2020 | ||||||||||||||||||||||||||||||
Net Sales | 3,239.0 | 2,254.1 | 123.4 | 94.3 | (113.1) | (77.0) | 3,249.3 | 2,271.4 | ||||||||||||||||||||||||||||||
Cost of sales | (2,170.8) | (1,913.8) | (75.4) | (85.5) | 107.9 | 78.8 | (2,138.3) | (1,920.5) | ||||||||||||||||||||||||||||||
SG&A expenses | (206.2) | (207.8) | (4.1) | (3.8) | — | — | (210.4) | (211.6) | ||||||||||||||||||||||||||||||
Other operating income (loss), net | 4.8 | (3.8) | 0.3 | 0.2 | — | — | 5.1 | (3.6) | ||||||||||||||||||||||||||||||
Operating income | 866.8 | 128.8 | 44.1 | 5.1 | (5.2) | 1.8 | 905.8 | 135.7 | ||||||||||||||||||||||||||||||
EBITDA | 1,003.2 | 283.9 | 59.3 | 16.4 | (5.2) | 1.8 | 1,057.4 | 302.1 |
$ million | 1Q2021 | 1Q2020 | |||||||||||||||
(Unaudited) | |||||||||||||||||
Net sales | 3,249.3 | 2,271.4 | |||||||||||||||
Cost of sales | (2,138.3) | (1,920.5) | |||||||||||||||
Gross profit | 1,111.0 | 350.9 | |||||||||||||||
Selling, general and administrative expenses | (210.4) | (211.6) | |||||||||||||||
Other operating income (expenses) net | 5.1 | (3.6) | |||||||||||||||
Operating income | 905.8 | 135.7 | |||||||||||||||
Finance expense | (7.2) | (16.3) | |||||||||||||||
Finance income | 16.3 | 7.9 | |||||||||||||||
Other financial income (expenses), net | 6.9 | 114.5 | |||||||||||||||
Equity in earnings of non-consolidated companies | 46.5 | 6.1 | |||||||||||||||
Profit before income tax expense | 968.3 | 247.9 | |||||||||||||||
Income tax expense | (261.6) | (267.3) | |||||||||||||||
Profit (loss) for the period | 706.7 | (19.4) | |||||||||||||||
Attributable to: | |||||||||||||||||
Owners of the parent | 602.9 | (11.6) | |||||||||||||||
Non-controlling interest | 103.7 | (7.8) | |||||||||||||||
Profit (loss) for the period | 706.7 | (19.4) |
$ million | March 31, 2021 | December 31, 2020 | ||||||||||||||||||||||||
Property, plant and equipment, net | 6,488.5 | 6,504.7 | ||||||||||||||||||||||||
Intangible assets, net | 893.2 | 908.6 | ||||||||||||||||||||||||
Investments in non-consolidated companies | 477.7 | 471.3 | ||||||||||||||||||||||||
Deferred tax assets | 151.6 | 158.7 | ||||||||||||||||||||||||
Receivables, net | 200.7 | 243.3 | ||||||||||||||||||||||||
Other investments | 2.9 | 2.9 | ||||||||||||||||||||||||
Total non-current assets | 8,214.6 | 8,289.5 | ||||||||||||||||||||||||
Receivables, net | 345.6 | 288.6 | ||||||||||||||||||||||||
Derivative financial instruments | 1.4 | 1.6 | ||||||||||||||||||||||||
Inventories, net | 2,345.0 | 2,001.8 | ||||||||||||||||||||||||
Trade receivables, net | 1,368.7 | 918.4 | ||||||||||||||||||||||||
Other investments | 637.5 | 813.5 | ||||||||||||||||||||||||
Cash and cash equivalents | 835.4 | 537.9 | ||||||||||||||||||||||||
Total current assets | 5,533.7 | 4,561.8 | ||||||||||||||||||||||||
Non-current assets classified as held for sale | 5.0 | 5.0 | ||||||||||||||||||||||||
Total assets | 13,753.2 | 12,856.2 | ||||||||||||||||||||||||
Capital and reserves attributable to the owners of the parent | 7,841.3 | 7,286.1 | ||||||||||||||||||||||||
Non-controlling interest | 1,251.2 | 1,157.0 | ||||||||||||||||||||||||
Total Equity | 9,092.5 | 8,443.2 | ||||||||||||||||||||||||
Provisions | 79.0 | 80.6 | ||||||||||||||||||||||||
Deferred tax liabilities | 333.9 | 346.5 | ||||||||||||||||||||||||
Other liabilities | 537.9 | 551.9 | ||||||||||||||||||||||||
Trade payables | 1.1 | 1.1 | ||||||||||||||||||||||||
Derivative financial instruments | 0.3 | 0.5 | ||||||||||||||||||||||||
Lease liabilities | 242.1 | 251.6 | ||||||||||||||||||||||||
Borrowings | 1,125.3 | 1,327.3 | ||||||||||||||||||||||||
Total non-current liabilities | 2,319.6 | 2,559.5 | ||||||||||||||||||||||||
Current income tax liabilities | 225.5 | 110.5 | ||||||||||||||||||||||||
Other liabilities | 316.5 | 249.8 | ||||||||||||||||||||||||
Trade payables | 1,179.1 | 1,049.3 | ||||||||||||||||||||||||
Derivative financial instruments | 0.6 | 5.8 | ||||||||||||||||||||||||
Lease liabilities | 42.9 | 42.5 | ||||||||||||||||||||||||
Borrowings | 576.5 | 395.6 | ||||||||||||||||||||||||
Total current liabilities | 2,341.1 | 1,853.6 | ||||||||||||||||||||||||
Total liabilities | 4,660.7 | 4,413.1 | ||||||||||||||||||||||||
Total equity and liabilities | 13,753.2 | 12,856.2 |
$ million | 1Q2021 | 1Q2020 | |||||||||||||||
(Unaudited) | |||||||||||||||||
Profit (loss) for the period | 706.7 | (19.4) | |||||||||||||||
Adjustments for: | |||||||||||||||||
Depreciation and amortization | 151.6 | 166.4 | |||||||||||||||
Equity in earnings of non-consolidated companies | (46.5) | (6.1) | |||||||||||||||
Changes in provisions | 4.4 | (0.7) | |||||||||||||||
Net foreign exchange results and others | 61.9 | (104.6) | |||||||||||||||
Interest accruals less payments | 1.7 | 1.3 | |||||||||||||||
Income tax accruals less payments | 114.3 | 224.0 | |||||||||||||||
Changes in working capital | (666.2) | 181.8 | |||||||||||||||
Net cash provided by operating activities | 327.8 | 442.8 | |||||||||||||||
Capital expenditures | (129.7) | (257.6) | |||||||||||||||
Proceeds from the sale of property, plant & equipment | 0.6 | 0.2 | |||||||||||||||
Acquisition of non-controlling interest | (0.8) | (4.5) | |||||||||||||||
Decrease in other Investments | 149.3 | 97.1 | |||||||||||||||
Net cash provided by (used in) investing activities | 19.4 | (164.8) | |||||||||||||||
Finance Lease Payments | (11.0) | (10.5) | |||||||||||||||
Proceeds from borrowings | 18.1 | 190.6 | |||||||||||||||
Repayments of borrowings | (36.7) | (60.7) | |||||||||||||||
Net cash (used in) provided by financing activities | (29.5) | 119.4 | |||||||||||||||
Increase in cash and cash equivalents | 317.8 | 397.3 |
Shipments | ||||||||||||||
Thousand tons | 1Q2021 | 4Q2020 | 1Q2020 | |||||||||||
Mexico | 1,699 | 1,643 | 1,650 | |||||||||||
Southern Region | 623 | 653 | 380 | |||||||||||
Other Markets | 778 | 771 | 969 | |||||||||||
Total steel segment | 3,099 | 3,067 | 2,998 | |||||||||||
943 | 991 | 869 | ||||||||||||
Total mining segment | 1,035 | 943 | 993 | |||||||||||
Revenue / ton | ||||||||||||||
$/ton | 1Q2021 | 4Q2020 | 1Q2020 | |||||||||||
Mexico | 1,066 | 841 | 769 | |||||||||||
Southern Region | 1,093 | 968 | 898 | |||||||||||
Other Markets | 884 | 671 | 619 | |||||||||||
Total steel segment | 1,026 | 825 | 737 | |||||||||||
Total mining segment | 119 | 112 | 95 | |||||||||||
Net Sales | ||||||||||||||
$ million | 1Q2021 | 4Q2020 | 1Q2020 | |||||||||||
Mexico | 1,810.8 | 1,382.2 | 1,268.9 | |||||||||||
Southern Region | 680.8 | 632.7 | 340.8 | |||||||||||
Other Markets | 687.7 | 516.9 | 600.2 | |||||||||||
Total steel products | 3,179.3 | 2,531.8 | 2,209.9 | |||||||||||
Other products* | 59.7 | 45.5 | 44.2 | |||||||||||
Total steel segment | 3,239.0 | 2,577.3 | 2,254.1 | |||||||||||
Total mining segment | 123.4 | 105.7 | 94.3 | |||||||||||
Total steel and mining segments | 3,362.4 | 2,683.0 | 2,348.4 | |||||||||||
Intersegment eliminations | (113.1) | (103.3) | (77.0) | |||||||||||
Total net sales | 3,249.3 | 2,579.7 | 2,271.4 |
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