GERDAU SA – CONSOLIDATED INFORMATION

SAO PAULO, May 5, 2022 /PRNewswire/ —

1Q22 Highlights

Best adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for a first quarter, reaching 5.8 billion reaiswith an adjusted EBITDA margin of 28.7%.

Adjusted EBITDA from commercial operations in North America reached 2.7 billion reaiswith an adjusted EBITDA margin of 33%, two historic records for a quarter.

The level of debt reached an all-time low, with the ratio between net debt and adjusted EBITDA falling from 0.96x to 0.20x compared to the first quarter of 2021.

Gerdau, through the Inspire Gerdau program, has recognized, for the first time, 18 companies in its supply chain that stand out for consolidating diversity and inclusion initiatives. Created in 2020, the initiative aims to mobilize and encourage the company’s supply chain to consolidate best practices in diversity and inclusion.

Further information

Gerdau AG (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) announces that it is filing its 1Q22 results today with the Securities and Exchange Commission (SEC) and the Comissão de Valores Mobiliários (CVM), which are available on the Gerdau website. To access this document, please click on https://ri.gerdau.com/en/notices-and-results/results-center/.

The 1Q22 Valuation Guide is also available on the Gerdau website.
https://ri.gerdau.com/en/financial-information/valuation-guide/

SOURCE Gerdau SA