What we do

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We are a family-owned company that has invested with a long-term vision, seeking to deliver superior financial returns with positive social and environmental impacts since 1918.

We are present in 19 countries through a portfolio consisting of relevant companies in their industries (building materials, banking, renewable energy, infrastructure, base metals, orange juice, long steel, real estate, investments, environmental services and consumer healthcare).

Votorantim puts its values behind every business decision. Integrity, collaboration, and courage reflect the attributes that the company promotes internally and externally while keeping an eye on the financial resilience needed to foster pivotal businesses.

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How we do it

We invest with the goal of preserving shareholder’s capital while expanding our portfolio across sectors, geographies, and risk perspectives, meaning we are patiently shifting our profile to less volatile assets and more stable markets.

We take a responsible approach to the way we operate and invest. Our identity encapsulates our approach to doing business and seeking out the best opportunities both within and beyond our portfolio.

At the right time

The right time is one we never miss. Every day, we remind ourselves that the decisions we make today will affect future outcomes, and that we must demonstrate agile thinking and the ability to act and then act in a structured, strategic and assertive manner. Our mindset is innovative — we are always looking ahead. But as we look to the future, we must be prepared to challenge the present. We must also be prepared to respond to changes in the different industries and geographies where
we operate.

The right way

To us, there is only one way to do things — the right way. Our DNA embodies our
unique way of doing business. We treat our subsidiaries, employees, and society with respect, and we act ethically. We have extensive investment expertise and the knowledge to do things increasingly better and more responsibly.

With the right people

We have a clear promise: we will invest in bringing out the best in our people because we believe in their strength and in what they are capable of delivering. We are always moving forward, toward new horizons. We positively influence our people through inspiring leadership.

Capital allocation strategy

Patient Capital, non-negotiable purpose

At the portfolio company level

  • Preserve our capabilities to invest in maintenance, modernization, and expansion
  • A capital structure that supports both growth and dividends
  • Leverage innovation to drive business model transformation
  • Perpetuate the Votorantim DNA

At the portfolio level

  • Diversification: sectors, geographies, risk factors
  • Financial and strategic flexibility for large scale investments
  • Delivering on our shareholders' investment objectives

For shareholders

  • Maximize Total Shareholder Return (TSR)
  • Ensure Votorantim’s long-term sustainability

Our governance structure

Our governance is built around three axes that are represented by integrated bodies with different responsibilities:

 

Ownership
Represented by the Board of Hejoassu (Votorantim’s shareholder)

Family
Represented by the Family Board

Business
Led by two complementary bodies: the Boards of Directors and the Management Teams of the holding and the portfolio companies

 

All portfolio companies, including those in which Votorantim is the sole controlling shareholder, have their own governance structures, which are responsible for deliberating on strategies, management and investments. They include the Boards of Directors, Comittees and Management Teams. The performance of the committees and Board is periodically assessed by Votorantim, contributing to the evolution of governance.

Corporate Governance framework

Hejoassu Board

Composed of 12 shareholders

Conveying to the organization its macro vision, financial aspiration and risk appetite

Appointing the members of Votorantim Board of Directors

Being the guardian of Votorantim’s culture and DNA by ensuring alignment with the family’s purpose and objectives
Board of Directors of Votorantim S.A.

The Board currently has seven members, of whom four are independent, including the Chairman

Defining the strategic plan and the action plans required for its execution

Deciding on capital allocation

Appointing directors and board members of the portfolio companies

Monitoring the portfolio companies performance

Board of Directors of Votorantim S.A.

Currently, our Board consists of three shareholders and four independent members, including the Chairman.

Eduardo Vassimon

Chairman

André Ermírio de Moraes Macedo

Board Member

Antonio Quintella

Board Member

Cláudio Ermírio de Moraes

Board Member

Fabio Colletti Barbosa

Board Member

Fabio Coelho

Board Member

José Roberto Ermírio de Moraes Filho

Board Member

Management Team - Votorantim S.A.

Composed of a CEO and seven Executive Directors.

João H. Schmidt

CEO

Ana Lúcia Caltabiano

Managing Director

Flavio Mendes Aidar

Managing Director

Glaisy Domingues

Managing Director

Mauro Ribeiro Neto

Managing Director

Osmar Castellani Junior

Managing Director

Pedro Carone

Managing Director

Sergio Malacrida

Managing Director

Learn more about our investees and strategy

Our portfolio

Our DNA

We take a responsible approach to the way we operate and invest. Our identity reflects the way we do business, in pursuit of the best opportunities inside and outside our portfolio.

As engaged investors, we also encourage each of our portfolio companies to adopt best practices in their respective sectors, while always respecting their decision-making autonomy.”

Eduardo Vassimon

Chairman of Votorantim's Board of Directors

With 108 years of history, we take pride in our past and our recent achievements and feel confident that with the Votorantim values – Integrity, Collaboration and Courage – we will continue our journey of generating sustainable returns to our shareholders and creating a positive social and environmental impact through our business endeavors.”

João H. Schmidt

CEO, Votorantim S.A.

Votorantim's values

Our values (Integrity, Collaboration and Courage) guide our behavior at Votorantim.

Integrity

Being ethical, honoring our history and creating the future with respect

We are ethical and always act with integrity wherever we operate around the world. Trust and respect for individuality bring us closer together and help us to grow. Integrity rewards, propels, and sustains our business success.

Collaboration

We foster continuous and constructive engagement with people, the market, and society

We are driven by the legacy our actions will leave for society. Our business continuity is meaningful only when we create sustainable shared value. A collaborative and growth-driven ecosystem that values people, fosters diverse perspectives, and brings us increasingly closer to our stakeholders.

Courage

Owning responsibilities and driving impactful results to shape the future

We recognize that our business prosperity stems from our noblest aspirations and the results we deliver. That’s why we lead by example, work diligently, and continuously push beyond boundaries. We deliver, innovate and dare to think and do things differently when needed.