SSAB Investor Presentation — April 2022

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Martin Lindqvist, President & CEO

►Outlook and summary

3Q1/22 –Strong start in turbulent environment

4Record high operating profit (SEK m)

Q1/18 Q1/21 Q1/19 Q1/20 Q1/22►Steel prices at high level

►Unplanned stop in Raahe and higher raw

►General cost (SG&A) at same level as Q1/19

►Continued improvement in safety –LTIF

►SSAB Special Steels’ shipments at high levelImpacts on SSAB from the war in Ukraine

5►Our highest priority is to assist and support our employees and

their families in Ukraine

►SSAB directly ceased sales to Russia and Belarus

►New purchases of ore and coal from Russia discontinued

►Several measures to ensure access to raw materials

►Related write -down of assets in Q1: SEK 487m

►Going forward: Risk of disruptions in supply chains (sanctions and

other fallout), as well as impact on economic activity

Steel prices at high level

6Price development: Hot Rolled Coil (HRC) in Northern Europe, Heavy plate in the

►In Q1, the steel markets were

impacted by the war in Ukraine

►Higher apparent demand,

including restocking, led to a

sharp increase in spot prices in

Europe and kept plate prices in

North America at a high level

European HRC prices US Plate China HRCIndexed (Jan 2018 = 100)Earnings at record levels in Q1

Construction9141,1751,0061,5402,104

Q3/21 Q1/21 Q2/21 Q4/21 Q1/22EBIT

Q1/21 Q3/21 Q1/22 Q2/21 Q4/21EBIT

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