Csn - apresentação para ri

CORPORATE PRESENTATION
November 2011

Timeline
CSN – Share Ownership – September 30, 2011
RIO IACO CBS 4.0% 0.9% ADRs 26.0% VICUNHA 47.9% Bovespa 19.0%
2007 First iron ore export shipment 2007 Acquisition of CFM

2009 2008 Sale of 40% of NAMISA Cement plant Start - Up

2.2% BNDESPAR

2005 1996/2002 CSN invested US$2.4 Billion in technological advances Casa de Pedra and Itaguaí Terminal expansions begin

1993 1974/1989 3 Expansions in Volta Redonda Steel Mill

CSN privatization

1946 1941 CSN is founded

Operational start-up

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Competitive Advantages
 Integrated business model: high quality mining operations with transport

infrastructure and self-sufficiency in energy generation;

 Low cost structure and high profitability;
 Pricing power with large buyers;  Diverse product portfolio and products;  Strong presence in Brazilian market, location in high-growth markets and presence in mature markets;  Strong liquidity with large cash balance;  Resilient performance in adverse market conditions;  Experienced management team.

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CSN - Key Business Areas
Steel Mining Cement Logistics Energy

Flat Steel Long Steel

Casa de Pedra NAMISA & Tecar

Cement Plant

MRS Railway & Transnordestina

Itaguaí Logistics Platform Tecon

Thermal & Hydro Electric Plants

Net Revenues % of 9M11 Expected Net Revenues by 2015 Key Business Highlights


56%

34%

10%

54%


33% # 6 globally in iron ore production (25 mt in 2010). CSN is self-sufficient in iron ore production.


3% Operations started in May 2009.  Uses CSN's blast furnaces byproducts and own limestone reserves.  Current sale capacity: 2.4 mtpy


10% Developed transport infrastructure, from iron ore mines to steel mills and ports  MRS Railway connects the Volta Redonda Steel Mill to Casa de Pedra and terminals at Itaguaí Port, which handles steel exports. CSN has the concession to operate TECON, one of the largest in Brazil. Apart