SSAB Investor Presentation — January 2021

Document content

Martin Lindqvist, President & CEO

►Outlook and summary

3SSAB concludes IJmuiden discussions with Tata Steel

4►After deeper analysis and discussions –limited

possibilities to integrate IJmuiden into the framework of

►Acquisition would be difficult for technical reasons.

Synergies would not fully justify the costs for our desired

transformation to fossil free –transaction would not

meet our financial expectations

►Discussions have now endedPhoto connected to

Solid performance in a volatile year

5Managing downturn Actions to limit Covid -19 Improved safety performance First in fossil -free steel

2019 2020LTIF3.7-12% ►Safeguard the health and safety

►Production and other critical

operations have been running

►All measures continue in 2021►Good flexibility in adjusting

production level and manning to

►Fixed costs reduced by more than

SEK 1.6bn compared to FY2019

►Strong cash flow and reduced net

debt►World unique HYBRIT pilot plant

►Fossil -free products in the market

►SSAB's climate goals approved by

the Science Based Targets

initiativeQ4/20 –Better capacity utilization and higher shipments

flow►Market recovered during autumn

►Better capacity utilization

−Idled BF in Raahe started end of Sep

−Stable production in Oxelösund

►EBIT SEK 557m ( -1,131m) in Q4

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