Enhanced Investments - Financial Portal

Published: 2024-02-21 11:04:08 ET

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EX-99.3 4 tm246853d1_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3

GERDAU S.A.

Corporate Tax ID (CNPJ/MF): 33.611.500/0001-19

Company Registry (NIRE): 35300520696

METALÚRGICA GERDAU S.A.

Corporate Tax ID (CNPJ/MF): 92.690.783/0001-09

Company Registry (NIRE): 35300520751

MATERIAL FACT

Investment Plan

GERDAU S.A. (B3: GGBR / NYSE: GGB) and Metalúrgica Gerdau S.A. (B3: GOAU) (jointly “Companies”), hereby inform its shareholders and the market in general about future management projections for its Investment Plan for the year 2024.

On February 20, 2024, the Board of Directors of Gerdau S.A. approved projected disbursements associated with the Investment Plans¹ for 2024 in the amount of R$ 6 billion. The amount refers to CAPEX projects focused on Maintenance and Competitiveness.

Maintenance projects are associated with extending the useful life of equipment and effecting operational enhancements to maintain the efficient performance of plants.

ii.

Competitiveness projects² are related to increasing production, enhancing profitability, and modernizing plants, with a focus on improving Environmental, Social and Governance (ESG) practices and sustainable and economic development of the business.

iii.

Some projects require obtaining environmental permits and may be subject to reevaluations throughout the year.

Of the total planned for 2024, approximately R$ 1.3 billion is earmarked for investments with environmental returns (expansion of forest assets, update and improvement of environmental controls, reduction in greenhouse gas emissions, and technological advances and projects focused on the safety of our People.

The Companies reiterate that the Investment Plan mentioned above will be directly related to market conditions and the economic scenario of the countries and sectors in which it operates. Any alteration in perception or the factors described above may lead to actual results diverging from the presented projections. The information disclosed in this document constitutes mere estimates and hypothetical data, without constituting a commitment to performance.

São Paulo, February 20, 2024.

Rafael Dorneles Japur

Executive Vice-President and

Investor Relations Officer

¹ The Investments Plan do not include contributions made by Gerdau Next in other companies since, as established in the International Financial Reporting Standards (IFRS), only subsidiaries companies are consolidated in the Company’s Financial Statements.

² Competitiveness projects include investments from Strategic CAPEX 2021-2026, as well as other Investments for Gerdau’s business operation.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.