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Ternium S.A. (Ternium) is a steel company in Latin America, manufacturing and processing a range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries. Ternium produces and distributes a range of finished and semi-finished steel products, including steel products such as cold-rolled coils and sheets, galvanized and electrogalvanized sheets, pre-painted sheets, tin plate, welded pipes, hot-rolled pickled and annealed and tailor-made flat products. The Company operates in three segments: flat steel products, long steel products and others. During the year ended December 31, 2009, approximately 60% of Ternium’s sales were made to North America, 35.9% to South and Central America, and 4% to Europe and other markets. On May 7, 2009, Ternium completed the transfer of its entire 59.7% interest in Sidor to Corporacion Venezolana de Guayana (CVG). 

http://www.ternium.com
46a, Avenue John F. Kennedy 2nd floor
Luxembourg, L-1855
Luxembourg
+352-4661-113815 (Phone)
 

Ternium Announces Second Quarter and First Half 2013 Results
 
Luxembourg, July 31, 2013 – Ternium S.A. (NYSE: TX) today announced its results for the second
quarter and first half ended June 30, 2013.
 
The financial and operational information contained in this press release is based on Ternium S.A.’s operational data and consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and presented in U.S. dollars (USD) and metric tons.

Summary of Second Quarter 2013 Results 12 2Q 20131 1Q 20131 2Q 20122
 
Steel Shipments (tons) 2,213,000 2,241,000 -1% 2,173,000 2%
Iron Ore Shipments (tons) 1,218,000 1,101,000 11% 462,000 164%
Net Sales (USD million) 2,134.4 2,135.7 -0% 2,157.2 -1%
Operating Income (USD million) 276.0 271.8 2% 259.0 7%
EBITDA (USD million) 370.5 367.7 1% 349.4 6%
EBITDA per Ton3 (USD) 167.4 164.0 160.8
EBITDA Margin (% of net sales) 17% 17% 16%
Equity in Losses of Non-Consolidated Companies (10.3) (15.9) (19.6)
Net Income (USD million) 134.4 151.4 115.4
Equity Holders' Net Income (USD million) 102.7 129.3 101.4
Earnings per ADS (USD) 0.52 0.66 0.52
 
EBITDA4 of USD370.5 million in the second quarter 2013, relatively stable compared to EBITDA in the first quarter 2013.
Earnings per American Depositary Share (ADS)5 of USD0.52 in the second quarter 2013, a USD0.14 lower result per ADS than in the first quarter 2013 mainly due to higher income tax expenses, including a USD0.06 non-recurring income tax loss per ADS related to the settlement
of a claim from the Mexican tax authorities, and a sequential increase in non-controlling interest
results in the second quarter 2013.
 Capital expenditures of USD289.6 million in the second quarter 2013, up from USD218.1 million in the first quarter 2013. Tenigal is concluding the construction of its facility in Monterrey,
Mexico and produced its first hot dip galvanized coil during July.
 Net debt position of USD1.7 billion at the end of June 2013, up from USD1.5 billion at the end of March 2013.
Operating income in the second quarter 2013 was USD276.0 million, relatively stable compared to that of the first quarter 2013 as a result of relatively stable net sales and operating cost6. Ternium’s net income in the second quarter 2013 was USD134.4 million, a USD17.0 million lower result compared to
net income in the first quarter 2013 mainly due to a USD13.7 million non-recurring income tax charge in the second quarter 2013 in connection with the settlement of a claim from the Mexican tax authorities  related to fiscal year 2004 and a higher effective tax rate due to higher net income from Siderar.
 
Operating income in the second quarter 2013 was USD17.0 million higher than in the second quarter 2012, mainly as a result of higher iron ore sales to third parties. Net income in the second quarter 2013 was USD19.0 million higher year-over-year mainly due to the above mentioned increase in operating income and better results from non-consolidated companies, partially offset by a higher income tax
expense.



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