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Annual Report 2020

We are presenting the annual performance report of Nexa Resources S.A. for the period from January 1 to December 31, 2020. This report has been prepared in accordance with International Integrated Reporting Council (IIRC) guidelines and the Global Reporting Initiative (GRI) Standards, Essential option.

Relatório Anual 2020
GRI 102-14

from the CEO

Tito Martins

In this year full of challenges and learning, we were sure that Nexa is following the right path, in line with our strategy”.
The year 2020 presented many challenges caused by COVID-19, requiring Nexa to quickly adapt to this new scenario. Even facing a low predictability of the market, we were able to present sound and sustainable results for the year. Our consolidated net revenue reached US$ 2 billion, compared to US$ 2.3 billion recorded in 2019, due to the decrease in the average prices of metals on the London Metal Exchange (LME) and of volumes traded. Adjusted EBITDA reached US$ 403 million in 2020, an increase of 15% over the previous year, driven by lower operating costs, reduced expenses with mineral exploration and evaluation of projects, as well as the positive effect of the depreciation of the real against the US dollar.

Highlights 2020

Capital Financeiro
Financial capital
GRI 102-7
US$ 2 billion
of net revenue
US$ 403 million
of adjusted EBITDA
Capital Manufaturado
Manufactured capital
US$ 336 million
of investments in assets (Capex)
585.4 thousand tonnes
of metallic zinc +
zinc oxide sold
Capital Humano
Human capital
own employees
More than
98 thousand hours
of training

Destaques 2020

Capital Financeiro
Capital Financeiro
Capital Manufaturado
Capital Manufaturado
Capital Humano
Capital Humano
Capital Intelectual
Capital Intelectual
Capital Natural
Capital Natural
Capital Social
Capital Social e de Relacionamento

Access also

Sobre o Relatório
About the Report
A Nexa Resources
Nexa Resources
Estratégia e modelo de negócios
Strategy and
Business Model
Governança Corporativa
Corporate Governance