Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 2023 was $651 million, a 7% decline from Q3 2023, primarily due to lower steel prices, partially offset by lower costs [21] - Adjusted EBITDA margin remained constant at 13%, affected by the consolidation of Usiminas, which recorded low profitability [10] - Net income increased sequentially, driven by gains from reversals of post-retirement liabilities and a favorable effect from the devaluation of the Argentine peso [12] Business Line Data and Key Metrics Changes - Shipments in Mexico grew by 22% in 2023, indicating substantial market share gain, supported by the ramp-up of the new hot rolling mill in Pesqueria [6][22] - Usiminas' mining operation achieved an all-time high of 9.1 million tons in 2023, but is expected to face challenges in H1 2024 due to temporary stoppages [18] - Steel shipments in Argentina decreased by 7% in Q4 2023 due to government restrictions affecting production rates [11] Market Data and Key Metrics Changes - Mexico's flat steel consumption reached an all-time high of over 18 million tons in 2023, with a yearly increase of 18% [6] - Automotive production in Mexico increased by 14% in 2023, reaching 3.8 million units, contributing to strong industrial activity [6] - Demand in Argentina is expected to decrease by around 10% in 2024 due to macroeconomic reforms and recessionary effects [60] Company Strategy and Development Direction - The company is focused on implementing its strategic plan, which includes the largest growth initiative in its history, particularly in Mexico [9] - The new downstream project in Pesqueria aims to integrate higher value-added products, with a total investment of $3.5 billion, up 9% from initial estimates [39] - The company is exploring opportunities for productivity improvements at Usiminas, with a focus on enhancing efficiency and reducing costs [18] Management's Comments on Operating Environment and Future Outlook - Management anticipates lower costs per ton and slightly higher revenue per ton to improve margins in 2024 [10] - The nearshoring of manufacturing capacity in Mexico is expected to contribute positively to economic activity [17] - The new government in Argentina is expected to introduce significant macro reforms, which may initially have a recessionary effect but are seen as positive for the medium to long term [40] Other Important Information - The company proposed an annual dividend of $3.30 per ADS, marking a significant year-over-year increase and the highest annual dividend on record [16][25] - Ternium maintained a solid net cash position of $1.9 billion by the end of 2023, despite a decline due to the devaluation of Argentine bonds [24] Q&A Session Summary Question: What are the expectations for long-term EBITDA margins with the new downstream lines at Pesqueria? - Management indicated that the projects are aimed at sustaining and increasing EBITDA margins, but specific numbers are difficult to provide due to market price fluctuations [35][36] Question: What is the timeline for decisions regarding Usiminas mining operations? - Management stated that there is at least a two-year window to make decisions regarding the mining project, with current operations expected to continue until 2028-2029 [37] Question: What are the expectations for demand in Argentina following the peso devaluation? - Demand is forecasted to decrease by around 10%, but infrastructure projects related to oil and gas are expected to continue [60] Question: Will there be further CapEx revisions for the Pesqueria project? - Management confirmed that the current CapEx estimate is accurate, with increases attributed to inflation and currency fluctuations [63] Question: What is the outlook for dividends moving forward? - Management expressed confidence that the proposed dividend of $3.30 is sustainable and represents a new base for future increases [86]

Maximo Vedoya Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect. Thank you. I would now like to turn the call back over to Ternium's CEO for closing remarks. Please go ahead. Thank you. And thank you all very much for participating on today's call. As usual, feel free to contact us if you have any questions. Thank you again, and goodbye. Operator Company Participants Carlos de Alba - Morgan Stanley Timna Tanners - Wolfe Research Gabriel Simões - Goldman Sac ...

Yeah, is it better? Yeah, it's better. Much better. Yeah. Okay. So, sorry about that, guys. Yeah. No worries. So, the first question is a little bit more conceptual, Maximo. I mean, everyone has been following the story for many years, right? And now with Usiminas being consolidated, you guys obviously made a move some years ago with CSA, which is now Ternium Brazil, which is also super relevant. Just again, I know there's no decision and this is all very conceptual, but would it make any sense, I mean, do ...

Ternium S.A. (NYSE:TX) Q1 2023 Earnings Call Transcript April 26, 2023 8:00 AM ET Company Participants Sebastian Marti - Investor Relations Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Caio Greiner - BTG Pactual Caio Ribeiro - Bank of America Timna Tanners - Wolfe Research Thiago Lofiego - Bradesco Carlos Alba - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. And welcome to the Ternium First Quarter 2023 Results Call. I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended 31 December 2022 Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934 or or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 or ☐ Shell company report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 193 ...

FORM 6 - K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 As of 3/30/2023 Ternium S.A. (Translation of Registrant's name into English) Ternium S.A. 26, Boulevard Royal, 4th floor L-2449 Luxembourg (352) 2668-3152 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40- F. Form 20-Fa Form 40-F __ I ...

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Ternium S.A. (NYSE:TX) Q2 2022 Earnings Conference Call August 3, 2022 9:30 AM ET Company Participants Sebastian Marti - Global Investor Relations & Compliance Senior Director Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Timna Tanners - Wolfe Research Andreas Bokkenheuser - UBS Alfonso Salazar - Scotiabank Caio Greiner - BTG Pactual Thiago Lofiego - Bradesco BBI Caio Ribeiro - Bank of America Operator Thank you for standing by, and welcome to t ...

Call Start: 08:30 January 1, 0000 9:22 AM ET Ternium S.A. (NYSE:TX) Q1 2022 Earnings Conference Call April 27, 2022 08:30 ET Company Participants Sebastian Marti - Global Investor Relations & Compliance Senior Director Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Caio Greiner - BTG Pactual Carlos De Alba - Morgan Stanley Thiago Lofiego - Banco Bradesco Alfonso Salazar - Scotiabank Operator Good morning. My name is Rob and I will be your confere ...