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Julian Rios

Research Analyst at SMBC Nikko Securities

Julian Rios is an analyst at SMBC Nikko Securities specializing in coverage of Latin American metals and mining companies, including notable firms such as Nexa Resources. Actively engaged in detailed credit and financial analysis, he has participated in earnings calls and provided insight on corporate liability management, demonstrating a strong grasp of leveraged finance in cyclical industries. Rios has been with SMBC Nikko Securities in his current role since at least early 2024, with previous experience and a professional timeline not fully detailed in public records. He holds relevant securities industry credentials, including FINRA registration as a representative of SMBC Nikko Securities America.

Julian Rios's questions to Nexa Resources (NEXA) leadership

Question · Q3 2024

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.

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Fintool can predict Nexa Resources logo NEXA's earnings beat/miss a week before the call