CSN Posts Net Revenue of R$4.4 Billion and Adjusted EBITDA Margin of 30% in 1Q14

 CSN Posts Net Revenue of R$4.4 Billion and Adjusted EBITDA Margin of 30% in
                                     1Q14

PR Newswire

SAO PAULO, May 7, 2014

SAO PAULO, May 7, 2014 /PRNewswire/ -- CSN- Companhia Siderurgica Nacional
(BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 1Q14:

  oNet revenue totaled R$4.4 billion in 1Q14, 20% up on 1Q13;
  oGross profit came to R$1.3 billion, 69% more than in 1Q13;
  oAdjusted EBITDA amounted to R$1.4 billion, a 60% improvement over the
    R$0.9 billion recorded in 1Q13, with an adjusted EBITDA margin of 30%, up
    by 8 p.p. in the same period;
  oAdjusted EBITDA from the steel segment totaled R$761 million in 1Q14, 44%
    higher than in the same quarter last year.
  oCSN closed 1Q14 with cash and cash equivalents of R$12.9 billion.
  oThe Net Debt/EBITDA ratio ended the quarter at 2.66x, 0.25x less than at
    the end of 2013.

The full Earnings Release is available on CSN's IR website at
www.csn.com.br/ir.

CSN will be hosting conference call about its 1Q14 Earnings on WEDNESDAY, May
7^th, 2014, at 10:00 a.m. (US ET) in Portuguese with simultaneous translation
into English. Connection details may be obtained on the Company's IR website.

Investor Relations
David Salama

Investor Relations Executive Officer
Phone: +55 11 3049-7588
david.salama@csn.com.br

SOURCE CSN - Companhia Siderúrgica Nacional.

Website: http://www.csn.com.br/ir
 
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