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v3.22.1

EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2021
EQUITY. |
Schedule of reconciliations of common and preferred outstanding shares | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020 | ​ | 2019
​ |  | Common shares |  | Preferred shares |  | Common shares |  | Preferred shares |  | Common shares |  | Preferred shares
Balance at beginning of the year |  | 571,929,945 |  | 1,129,231,487 |  | 571,929,945 |  | 1,127,010,827 |  | 571,929,945 |  | 1,124,233,755
Exercise of long-term incentive plan |  | — |  | 4,585,414 |  | — |  | 2,220,660 |  | — |  | 2,777,072
Balance at the end of the year |  | 571,929,945 | ​ | 1,133,816,901 | ​ | 571,929,945 | ​ | 1,129,231,487 | ​ | 571,929,945 | ​ | 1,127,010,827
Schedule of ownership of shares | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shareholders
​ | ​ | 2021
Shareholders |  | Common |  | % |  | Pref. |  | % |  | Total |  | %
Metalúrgica Gerdau S.A.* |  | 557,898,901 |  | 97.3 |  | — |  | — |  | 557,898,901 |  | 32.4
Brazilian institutional investors |  | 4,363,438 |  | 0.8 |  | 232,421,779 |  | 20.3 |  | 236,785,217 |  | 13.8
Foreign institutional investors |  | 1,895,038 |  | 0.3 |  | 490,810,572 |  | 42.8 |  | 492,705,610 |  | 28.7
Other shareholders |  | 7,772,568 |  | 1.4 |  | 410,584,550 |  | 35.8 |  | 418,357,118 |  | 24.3
Treasury stock |  | 1,697,538 |  | 0.2 |  | 12,214,344 |  | 1.1 |  | 13,911,882 |  | 0.8
​ |  | 573,627,483 |  | 100.0 |  | 1,146,031,245 |  | 100.0 |  | 1,719,658,728 |  | 100.0
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shareholders
​ | ​ | 2020
Shareholders |  | Common |  | % |  | Pref. |  | % |  | Total |  | %
Metalúrgica Gerdau S.A.* |  | 557,898,901 |  | 97.3 |  | 2,147,800 |  | 0.2 |  | 560,046,701 |  | 32.6
Brazilian institutional investors |  | 3,397,955 |  | 0.6 |  | 227,262,531 |  | 19.8 |  | 230,660,486 |  | 13.4
Foreign institutional investors |  | 3,142,148 |  | 0.5 |  | 492,076,396 |  | 42.9 |  | 495,218,544 |  | 28.8
Other shareholders |  | 7,490,941 |  | 1.3 |  | 407,744,760 |  | 35.6 |  | 415,235,701 |  | 24.1
Treasury stock |  | 1,697,538 |  | 0.3 |  | 16,799,758 |  | 1.5 |  | 18,497,296 |  | 1.1
​ |  | 573,627,483 |  | 100.0 |  | 1,146,031,245 |  | 100.0 |  | 1,719,658,728 |  | 100.0
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shareholders
​ | ​ | 2019
Shareholders |  | Common |  | % |  | Pref. |  | % |  | Total |  | %
Metalúrgica Gerdau S.A.* |  | 557,898,901 |  | 97.3 |  | 69,852,184 |  | 6.1 |  | 627,751,085 |  | 36.5
Brazilian institutional investors |  | 3,068,614 |  | 0.5 |  | 241,698,143 |  | 21.1 |  | 244,766,757 |  | 14.2
Foreign institutional investors |  | 3,875,655 |  | 0.7 |  | 427,735,548 |  | 37.3 |  | 431,611,203 |  | 25.1
Other shareholders |  | 7,086,775 |  | 1.2 |  | 387,724,952 |  | 33.8 |  | 394,811,727 |  | 23.0
Treasury stock |  | 1,697,538 |  | 0.3 |  | 19,020,418 |  | 1.7 |  | 20,717,956 |  | 1.2
​ |  | 573,627,483 |  | 100.0 |  | 1,146,031,245 |  | 100.0 |  | 1,719,658,728 |  | 100.0
* | Metalurgica Gerdau S.A. is the controlling shareholder and Indac – Ind. e Com. S.A. (holding of Gerdau’s family) is the utltimate controlling shareholder of the Company.
Schedule of changes in treasury stocks | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021
​ |  | Common shares |  | R$ |  | Preferred shares |  | R$
Opening balance |  | 1,697,538 |  | 557 |  | 16,799,758 |  | 228,752
Exercise of long-term incentive plan |  | — |  | — |  | (4,585,414) |  | (76,900)
Closing balance |  | 1,697,538 |  | 557 |  | 12,214,344 |  | 151,852
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020
​ |  | Common shares |  | R$ |  | Preferred shares |  | R$
Opening balance |  | 1,697,538 |  | 557 |  | 19,020,418 |  | 241,985
Exercise of long-term incentive plan |  | — |  | — |  | (2,220,660) |  | (13,233)
Closing balance |  | 1,697,538 |  | 557 |  | 16,799,758 |  | 228,752
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2019
​ |  | Common shares |  | R$ |  | Preferred shares |  | R$
Opening balance |  | 1,697,538 |  | 557 |  | 21,797,490 |  | 279,869
Exercise of long-term incentive plan |  | — |  | — |  | (2,777,072) |  | (37,884)
Closing balance |  | 1,697,538 |  | 557 |  | 19,020,418 |  | 241,985
Schedule of effects of interest changes in subsidiaries | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | Attributed to parent | ​ | Non-controlling | ​ | ​
​ |  | company’s interest |  | interests |  | Total
(i) Other changes |  | — |  | (18,962) |  | (18,962)
Effects of interest changes in subsidiaries |  | — |  | (18,962) |  | (18,962)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | Attributed to parent | ​ | Non-controlling | ​ | ​
​ |  | company’s interest |  | interests |  | Total
(i) Other changes |  | — |  | 12,776 |  | 12,776
Effects of interest changes in subsidiaries |  | — |  | 12,776 |  | 12,776
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ | ​ | Attributed to parent | ​ | Non-controlling | ​ | ​
​ |  | company’s interest |  | interests |  | Total
(i) Other changes |  | — |  | (1,586) |  | (1,586)
Effects of interest changes in subsidiaries |  | — |  | (1,586) |  | (1,586)
(i) Other changes in subsidiaries without losing control, which may include among others, capital increases, other acquisitions of interests and dilutions of any nature.
Schedule of dividend amounts considered as distributed using the balance of the Investments and Working Capital Reserve | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Net income |  | 15,494,111 |  | 2,365,763 |  | 1,203,736
Constitution of legal reserve | ​ | (756,334) | ​ | (109,649) | ​ | (55,876)
Constitution of the tax incentives reserve | ​ | (367,430) | ​ | (172,792) | ​ | (86,216)
Net income before dividends and interest on capital | ​ | 14,370,347 | ​ | 2,083,322 | ​ | 1,061,644
Dividends and interest on capital | ​ | (5,014,450) | ​ | (714,487) | ​ | (356,539)
Dividend - adjustment in excess of the minimum estatutory undistributed | ​ | (341,150) | ​ | — | ​ | —
Net income before constitution of investments and working capital reserve | ​ | 9,014,747 | ​ | 1,368,835 | ​ | 705,105
​ | ​ | ​ | ​ | ​ | ​ | ​
Constitution of investments and working capital reserve | ​ | (9,014,747) | ​ | (1,368,835) | ​ | (705,105)
Schedule of dividends and interest on capital | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Dividends and interest on capital in the years
​ |  | ​ |  | ​ |  | Outstanding shares |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Period | ​ | Nature | ​ | R$ /share | ​ | (thousands) | ​ | Credit | ​ | Payment | ​ | 2021 | ​ | 2020 | ​ | 2019
1st quarter | ​ | Dividends | ​ | 0.40 | ​ | 1,705,338 | ​ | 5/14/2021 | ​ | 5/26/2021 | ​ | 682,199 | ​ | — | ​ | 118,803
2nd quarter |  | Dividends |  | 0.54 |  | 1,705,576 |  | 8/16/2021 |  | 8/26/2021 |  | 921,011 |  | — |  | 118,817
3rd quarter |  | Interest |  | 0.38 |  | 1,705,582 |  | 9/27/2021 |  | 11/16/2021 |  | 648,122 |  | — |  | —
3rd quarter |  | Interest |  | 0.20 |  | 1,705,630 |  | 11/5/2021 |  | 11/16/2021 |  | 341,126 |  | — |  | —
3rd quarter |  | Dividends |  | 1.42 |  | 1,705,628 |  | 11/5/2021 |  | 11/16/2021 |  | 2,421,992 |  | 204,139 |  | 67,951
4th quarter |  | Dividends |  | 0.20 |  | 1,705,747 |  | 3/7/2022 |  | 3/16/2022 |  | 341,150 |  | — |  | 50,968
4th quarter | ​ | Interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | 510,348 | ​ | —
Proposed Interest and Dividends | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 5,355,600 | ​ | 714,487 | ​ | 356,539
Credit per share (R$) |  |  |  |  |  |  |  |  |  |  |  | 3.14 |  | 0.42 |  | 0.21
​ |  |  |  |  |  |  |  |  |  |  |  | ​ |  | ​ |  | ​

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