Julian Rios's questions to Nexa Resources SA (NEXA) leadership • Q3 2024
Question
Julian Rios from SMBC Nikko Securities asked about specific liability management plans to support the company's stated goal of reducing gross debt.
Answer
CFO Jose Carlos del Valle Castro stated that reducing gross debt is a priority to lower interest costs and provide a buffer in a cyclical industry. He highlighted the improvement in the net leverage ratio from a peak of 3.7x to 2.2x and set a target range of 1.0x-1.5x, which will be achieved by focusing on cash flow generation to pay down debt.