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Welcome to our bi-weekly newsletter, where we share news about Votorantim and the companies in our portfolio, along with updates and insights about the market. Click on “Subscribe” to follow upcoming editions!

Quarterly Results

Concluding the round of first-quarter earnings releases, VC and CBA also reported their figures and highlights. See below.

• VC: Increase in net revenue, sales volume, and investments

Global net revenue reached R$ 5.6 billion, a 1% increase compared to Q1 2024, explained by higher sales volume and geographic diversification. Global cement sales totaled 7.7 million tons, a 2% increase compared to the same period last year. Investments (Capex) totaled R$ 548 million, a 35% increase, driven by the global strategy of investing in modernization, structural competitiveness, and decarbonization. Access more.

• CBA: Net income on the rise

The company recorded a net income of R$ 335 million, reversing a loss of R$ 30 million in the same period last year. Adjusted EBITDA reached R$ 430 million, a 195% increase in the same comparison. Net aluminum revenue reached R$ 2.3 billion in the quarter, a 38% increase. Learn more.

Macroeconomic Workshop

This week, we held the Macroeconomic Workshop, which brought together CEOs, CFOs, and strategic planning teams from Votorantim’s portfolio companies and marked the beginning of the annual planning cycle. During the event, we shared guidance on the strategic planning process and briefly presented both consolidated and individual company results. Finally, we facilitated a discussion focused on the projected macroeconomic outlook for the coming years. As an engaged investor, we work closely with our portfolio companies and provide support in developing robust strategies aligned with the challenges of the business environment.

Climate Agenda

CBA has released the 2024 Climate Agenda Report, which provides a comprehensive and transparent view of how the company manages climate-related challenges and opportunities, following the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures). Highlights include investments in recycling, with the launch of ReAl technology and innovations implemented at Alux and Metalex, as well as efforts to further reduce emissions — CBA is already a benchmark and operates the alumina refinery with the lowest emissions in the world. See here (in Portuguese).