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Integrated Report 2015 INTEGRATED REPORT - 2015 Voluntary NUMBER OF UNITS / NUMBER OF PARTICIPATIONS commitments Cement Grinding Concrete Batching Aggregates Mortar Lime We are signatories of OUR BUSINESSES AND MARKETS Plants Mills Centers Plants Plants Plants the following voluntary global and national A pacts and initiatives: 1. United Nations Global COMPANY Compact (UNGC) – This is a United Nations initiative to encourage companies BUILT TO to respect human rights, support decent work, protect LAST the environment and fight corruption; In Brazil, which is our main market, due to the political and economic 2. Cement Sustainability ● CEMENT ● CONCRETE ● MORTAR ● AGGREGATES LIME ● AGRICULTURAL Initiative (CSI) – This is an scenario, we had to react quickly 3 37,2 MILLION METRIC TONS 10,2 MILLION M IN 2015 1,8 MILLION METRIC TONS 26,7 MILLION METRIC TONS IN 2015 LIMESTONE international cement industry in 2015, with measures that IN 2015 IN 2015 HYDRATED LIME protocol, signed by the 25 In Brazil, we market concrete We provide gravel and sands A material with a plasticizing would safeguard our operations Used in agriculture and in largest producers of building Our biggest business area in 15 Brazilian states through In Brazil, we produce three of different grain sizes for the capability, used in construction and business activities. animal husbandry in order materials in the world, to and main product is still our Engemix affiliate, a ranges of mortars: the construction industry, to meet the and mortars. At the same time, we conti- to: correct soil acidity, promote the adoption of best cement. well-known brand name Matrix brand, which is a needs of the market segments for nued with our long-term invest- neutralize aluminum toxicity, practices in the cement sector; that specializes in concrete range of standard mortars, concrete producers, industries, LIME PAINT increase the efficiency of ment plan in order to increase APPLICATIONS: It is the basic batching centers. the Votomassa brand, a infrastructure, paving and retail. Economically attractive our geographical diversifica- fertilizers and improve component of concrete and range of adhesive mortars material, used to paint large nutrient availability. Due to 3. Business Pact – "In the tion and consolidate our posi- mortars. Cement is used APPLICATIONS: Composed of and Decoratta brand, a fine APPLICATIONS: Materials used areas at a lower cost. the high levels of calcium Right Direction" Program tion in markets with high growth in construction in general, a mixture of cement, sand, plaster for finishing masonry. mainly for the manufacture of and magnesium in its – By signing this pact potential. for industrial, commercial aggregates and water, it is the concrete but also for: asphalt, composition it also provides the signatories commit The economic recovery in the and residential surfaces and most common construction APPLICATIONS: It is used to pre-cast slabs, reinforced concrete these macro-nutrients for to combating the sexual United States and the improved floors. It is used in all types of material. It is also used for join blocks or bricks, finish structures, pre-cast concrete crop development. exploitation of children and infrastructure construction. paving outdoor areas. surfaces and lay ceramic tiles. artifacts, cyclopean concrete, and performance of our operations adolescents along Brazilian materials for landfills, drainage, highways; in North America, Europe, Africa base and sub-base of highways and Asia offset the decline in and paved areas. consumption in Brazil. The deva- 4. SBE-VC-RBMA Technical luation of the R$/US$ exchange 33.3 Cooperation Agreement – rate also contributed positively VOTORANTIM VOTORANTIM CIMENTOS This is a partnership among Votorantim Cimentos, the to our consolidated results. CIMENTOS BRAZIL NORTH AMERICA 5.2 Brazilian Society for Speleology We were the first Brazilian 3.2 (SBE), and the Atlantic company to make a bond issue in 3.0 Forest Biosphere Reserve the international capital markets 17 10 104 18 9 2 5.9 4/1 2 103/18 43 Great Lakes ● ● ● ● ● ● ● (RBMA) to develop social and in 2015, in the amount of EUR In 2015 we inaugurated three production United States/Canada Spain Expansion of our Charlevoix plant environmental practices that 1.2 Turkey ● ● ● 500 million. units: a cement plant in Edealina (GO), in Michigan, United States. The contribute to the protection of 1.8 with a capacity of 1 million metric tons/ ● ● ● China production capacity of the plant caves and the Atlantic Forest For our employees, we are 0.8 ● year; a mortar plant in Camaçari (BA); Morocco will be increased from 1.3 to 1.9 biome; committed to creating an incre- 5 Tunísia ● ● Florida ● ● million metric tons/year. Our plant in asingly challenging internal envi- and an agricultural lime production plant 1.2 Bowmanville, Canada, received its first ronment. In 2015, we invested in Arroio Grande (RS). 5. Global Reporting Initiative India ● long-term government authorization (GRI) – This is an independent 20 million reais in the develop- to use low-carbon fuels. ment of our teams. For our custo- international organization that mers, we improved the average VOTORANTIM CIMENTOS helps businesses, governments LATIN AMERICA service time and our product and other organizations to BRAZIL ● ● ● ● VOTORANTIM CIMENTOS understand and communicate quality index in all segments. ● Peru EUROPE, ASIA AND AFRICA their impacts on critical 0.2 Sustainability is one of the main São Paulo sustainability issues such as 5 2/1 6/43 1/16 1/1 4 2.2 ● Bolivia3 drivers of our business activities. climate change, human rights, 2.8 0.5 We developed a Sustainability We signed a financing agreement for the 2/6 ● ● ● Chile Uruguay4 ● ● ● ● 14 8 104 21 2 corruption and many others; construction of a new cement plant to be Strategic Plan and established Expansion of our cement factory constructed in Santa Cruz Province, Bolivia. ● ● ● Argentina1/6 a series of commitments and in Sivas, Anatolia, Turkey. The new 6. Open Letter to Brazil on In Argentina, we approved an expansion targets to be achieved by 2020. production line, which has a planned Climate Change (ETHOS project in San Luis, which will increase its In 2015, we participated in the capacity of 1.2 million metric tons/ Institute) – This is a Brazilian production capacity to 993 thousand metric year, is expected to begin operations business sector initiative, COP 21 meeting in Paris and tons/year. Also in Argentina, we invested created a new area to seek new 1. Argentina, participation of 49% (Avellaneda) | 2. Chile, INSTALLED ANNUAL MILLION in early 2017. This investment, coordinated by the ETHOS US$ 12.6 million in the modernization of a CEMENT CAPACITY OF OUR METRIC options for Alternative Fuels and participation of 16.7% (Bio Bio) | 3. Bolivia, participation of 67% amounting to EUR 140 million, is Institute, under which the lime factory to serve the construction market. (Itacamba) | 4. Uruguay, participation of 51% (Artigas) | 5. Includes CONSOLIDATED OPERATIONS 55,5 TONS/YEAR the largest ever made by Votorantim company makes a number Raw Materials (AFR). We started up operations at an adhesive 100% of the installed annual capacity of Suwanee, which is not consolidated in VCSA's financial statements | 6. Includes 100% of Cimentos outside the Americas. of commitments to combat We still have much to build for mortar plant in Uruguay, with a capacity 1 MILLION 83 MARACANÃ the installed annual capacity of Bío Bío and Avellaneda, which are METRIC TONS = STADIUMS climate change. this and future generations. of 25 thousand metric tons/year. not consolidated in VCSA's financial statements KEY ACTIVITIES CUSTOMER MANAGEMENT OF PROJECTS AND INDICATORS SEGMENTS Advocacy B2C RETAIL Distributors: small retailers, home centers B2B REAL ESTATE Construction companies INFRASTRUCTURE Infrastructure construction companies INDUSTRIAL Concrete batching centers Precast concrete industry Concrete artifacts industry Fiber cement industry 1 2 3 4 Mortar industry RESEARCH* PLANT MINING PRODUCTION OTHER STAKEHOLDERS CONSTRUCTION Shareholders Investors Financial institutions Employees: own and KEY ACTIVITIES 1 2 3 4 5 6 7 8 third-party contract staff Society Local community MAIN RESOURCES VALUE PROPOSITION Class associations Investment capacity Brand credibility and legacy Process improvement and bureaucracy reduction People Mines Investments in sustainability Natural resources Energy MATERIALITY Fuel Water Customer relations 5 6 7 8 Financial Capital Quality and variety of the product range Inputs Firewood Human Capital INBOUND/ Technical expertise and safety at work Machinery/equipment Gas COMMUNICATION SALES AFTER-SALES OUTBOUND Services Social and relationship Capital Vehicle fleet and concrete mixers LOGISTICS SERVICE Mine closure Natural Capital Infrastructure Plants IMPACTS BY ACTIVITY Media and marketing Concrete batching centers STRATEGIC DRIVERS A Ethics, transparency and Positive impacts Negative impacts IT Distribution centers integrity Technology center Customer Empowered Operational Sustainable B Occupational health and safety SOCIAL Focus People Excellence Practices C Generation of Employment and Income CO2 emissions Modernization of Public Administration Anti-corruption practices PARTNERSHIPS AND D Overloading of local infrastructure KEY ACTIVITIES 1 2 3 4 5 6 7 8 and compliance with the Truck traffic STRATEGIC ALLIANCES competition laws E Regulatory risks ● Community/Social license ENVIRONMENTAL ● Universities PERFORMANCE INDICATORS F Supply chain management Social and environmental
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