Cement Energy Environment

37 Main drivers • Emergency Aid • Self-construction • Real Estate resuming construction. Average price in USD, end of 2020 100 USD/t Brazilian Cement Market 2020 Brazilian Cement Market 2021 Prices We experienced a roller coaster in the 2020 projections. Before the pandemic, we estimated a 3% growth. In April, with the sharp drop in demand, we expected a retraction of 7% to 9% in the year. From June to October, the cement industry recorded a strong recovery followed by a November and December of moderate growth. All of this led us to a surprising result of an 11% increase in sales. ‘‘ Paulo Camillo Penna President of SNIC and ABCP Despite the good performance at the beginning of 2021, we must be very cautious in the projections until the end of the year. The scenario is one of countless uncertainties and any type of demand projection would be an exercise in futurology without any reliable database of data and information. We should have good results by May, as last year’s base was very low. Starting in June, we will have a greater challenge, which is to overcome the excellent results obtained between June and December 2020, but we will certainly close the year 2021 in the positive. ‘‘ Paulo Camillo Penna President of SNIC and ABCP PRECO MEDIO EM DOLAR 227,81 U$/TON 92,67 182,69 80,16 118,25 dez/00 dez/20 dez/18 dez/16 dez/14 dez/12 dez/10 dez/08 dez/06 dez/04 dez/02