SSAB Investor Presentation — July 2019

Document content

Martin Lindqvist, President & CEO

July 19, 2019Agenda

►Performance by division

23Spot price development: Hot -Rolled Coil (HRC) in Northern Europe, Plate in US, HRC in China

Indexed (Jan 2016 =100)

US/PlateHRC, Northern EuropePlate, USHRC, ChinaWeak price trend in the US and margin squeeze in Europe

cautious sentiment at

distributors, spot plate

prices, as well as scrap

Northern Europe US ChinaWeaker demand in automotive and

cautious sentiment at distributors, spot

prices decreased, sharp increase in iron

ore priceSummary of Q2/2019

Improved earnings for SSAB Americas, decline in SSAB Europe

►EBIT of SEK 1,316 m, down SEK 314m vs.

Q2/18, and S EK 358m vs. Q1/19

+SSAB Americas’ result improved y -on-y driven by

+SSAB Special Steels’ result improved slightly

-SSAB Europe’s result declined mainly due to

higher iron ore costs

►Strong operating cash flow of SEK 1.7bn

►Earnings per share SEK 0.98 (1.27) SEKm Q2/2019 Q2/2018 Q1/2019 2018

Sales 20,654 19,263 20,017 74,941

EBITDA 2,419 2,582 2,755 8,712

EBIT 1,316 1,630 1,674 4,940

flow1,696 1,325 1,139 5,969

share (SEK) 0.98 1.27 1.24 3.45

Gearing %1)16 20 13 14

ktonnes1,722 1,811 1,744 6,899Key figures

1) Excluding IFRS 16 Performance by

Preview truncated — download the full document for the complete content.